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Draegerwerk AG & Co. KGaA (DE:DRW3)
XETRA:DRW3
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Draegerwerk AG & Co. KGaA (DRW3) AI Stock Analysis

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DE:DRW3

Draegerwerk AG & Co. KGaA

(XETRA:DRW3)

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Neutral 66 (OpenAI - Gpt-5.6Sol)
Rating:66Neutral
Price Target:
€104.00
▼(-6.47% Downside)
Action:Downgraded
Date:10/16/26
The score is primarily supported by improving financial performance and a conservatively positioned balance sheet, alongside an attractive-looking valuation (low P/E with a moderate dividend yield). This is offset by weak technical positioning, with the share price below the 20- and 50-day moving averages and only neutral momentum indicators.
Positive Factors
Revenue and profitability recovery
The post-2022 recovery combines strong TTM revenue growth with expanded gross, EBIT, and net margins. This indicates improving demand and operating execution, while creating a stronger earnings base that can support investment, customer retention, and business resilience over the next several quarters.
Negative Factors
Historical earnings volatility
The 2022 losses and continuing historical variability show that Dräger’s earnings are not yet consistently stable across operating conditions. This weakens confidence in the durability of current profitability and could make future investment capacity or shareholder returns less predictable during a downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profitability recovery
The post-2022 recovery combines strong TTM revenue growth with expanded gross, EBIT, and net margins. This indicates improving demand and operating execution, while creating a stronger earnings base that can support investment, customer retention, and business resilience over the next several quarters.
Read all positive factors

Draegerwerk AG & Co. KGaA (DRW3) vs. iShares MSCI Germany ETF (EWG)

Draegerwerk AG & Co. KGaA Business Overview & Revenue Model

Company Description
Headquartered in Lübeck, Germany, and established in 1889, Drägerwerk AG & Co. KGaA is an international enterprise specializing in medical and safety technology, with operations spanning Europe, the Americas, Africa, Asia, and Australia. For the h...
How the Company Makes Money
Dräger makes money primarily by selling medical and safety technology products, complemented by recurring revenue from consumables, accessories, and after-sales services tied to its installed base. In the Medical segment, revenue is generated from...

Draegerwerk AG & Co. KGaA Financial Statement Overview

Summary
Post-2022 recovery is evident with strong TTM revenue growth and improved profitability (TTM gross margin ~46%, EBIT margin ~7.7%, net margin ~4.8%) alongside positive operating cash flow (~€281M) and free cash flow (~€188M). Balance sheet leverage is modest and improving (TTM debt-to-equity ~0.23) with ROE recovered to ~10.6% TTM. The main constraint on the score is historical volatility (losses and negative cash flow in 2022) and only mid-level margins/cash-flow cushion (OCF coverage ratio ~0.31).
Income Statement
74
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.57B3.48B3.37B3.37B3.05B3.33B
Gross Profit1.64B1.52B1.51B1.46B1.24B1.54B
EBITDA412.10M384.83M351.68M318.33M62.63M421.65M
Net Income171.28M139.50M124.41M110.43M-64.56M154.23M
Balance Sheet
Total Assets3.18B3.28B3.09B3.09B3.11B3.18B
Cash, Cash Equivalents and Short-Term Investments198.46M284.06M248.18M279.36M319.50M577.38M
Total Debt388.38M405.11M395.58M471.38M361.95M348.01M
Total Liabilities1.52B1.65B1.56B1.69B1.79B1.92B
Stockholders Equity1.66B1.63B1.54B1.41B1.32B1.26B
Cash Flow
Free Cash Flow188.38M166.50M103.52M121.47M-231.09M274.54M
Operating Cash Flow280.88M238.33M167.31M189.68M-144.23M384.89M
Investing Cash Flow-83.18M-98.15M-43.39M-67.34M36.83M-109.92M
Financing Cash Flow-180.91M-83.99M-161.38M-154.56M-29.38M-334.64M

Draegerwerk AG & Co. KGaA Technical Analysis

Technical Analysis Sentiment
Negative
Last Price111.20
Price Trends
50DMA
112.07
Negative
100DMA
102.27
Negative
200DMA
94.97
Positive
Market Momentum
MACD
-4.75
Positive
RSI
34.88
Neutral
STOCH
11.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DRW3, the sentiment is Negative. The current price of 111.2 is above the 20-day moving average (MA) of 111.00, below the 50-day MA of 112.07, and above the 200-day MA of 94.97, indicating a neutral trend. The MACD of -4.75 indicates Positive momentum. The RSI at 34.88 is Neutral, neither overbought nor oversold. The STOCH value of 11.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DRW3.

Draegerwerk AG & Co. KGaA Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
€3.02B20.495.52%1.61%-0.06%-38.81%
70
Outperform
€46.24B21.0712.00%2.40%-0.92%2.06%
67
Neutral
€804.70M16.6519.49%1.65%4.42%35.68%
66
Neutral
€1.56B10.6110.62%2.34%6.37%71.55%
60
Neutral
€273.51M-575.00-0.17%2.61%――
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
€1.53B43.424.19%1.71%――
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:DRW3
Draegerwerk AG & Co. KGaA
98.40
22.96
30.43%
DE:AFX
Carl Zeiss Meditec
35.10
-11.08
-23.99%
DE:COP
CompuGroup Medical
28.75
5.00
21.04%
DE:EUZ
Eckert & Ziegler Strahlen und Medizintechnik
13.30
-4.11
-23.61%
DE:SBS
STRATEC Biomedical
23.50
-2.31
-8.94%
DE:SHL
Siemens Healthineers AG
41.76
-6.44
-13.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 16, 2026