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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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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
€126.00
▲(13.31% Upside)
Action:Upgraded
Date:08/04/26
The score is driven primarily by improving financial performance (strong TTM revenue growth, recovering profitability, and low/improving leverage), supported by reasonable valuation (P/E ~14.45 and ~2.07% yield). Technicals are strong but capped by extremely overbought RSI/Stoch readings, which increases short-term downside risk.
Positive Factors
Revenue and margin recovery
The recovery in revenue and profitability indicates improved operating execution after the 2022 downturn. Sustained margin expansion would strengthen earnings quality and provide greater capacity to invest across medical and safety technology markets.
Negative Factors
Moderate profitability and earnings volatility
Although profitability has recovered, margins remain moderate and the history of losses reduces confidence in consistent earnings through cycles. Lower profitability leaves less buffer to absorb input costs, pricing pressure, or uneven healthcare and industrial demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin recovery
The recovery in revenue and profitability indicates improved operating execution after the 2022 downturn. Sustained margin expansion would strengthen earnings quality and provide greater capacity to invest across medical and safety technology markets.
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 primarily makes money by selling equipment, recurring consumables, and services across two main segments: medical and safety. (1) Product/equipment sales: A substantial portion of revenue comes from sales of medical devices used by hospital...

Draegerwerk AG & Co. KGaA Financial Statement Overview

Summary
Financials show a clear post-2022 recovery with strong TTM revenue growth and improved margins (gross ~46%, EBIT ~7.7%, net ~4.8%). Balance sheet leverage is modest and improving (debt-to-equity ~0.23) and ROE has recovered (~10.6% TTM). Offsetting this, profitability remains only moderate and results/cash flows have been historically volatile (notably 2022 losses and negative cash flow), with a relatively low operating cash flow 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
EBITDA400.65M384.83M351.68M318.33M62.63M374.43M
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
Positive
Last Price111.20
Price Trends
50DMA
98.33
Positive
100DMA
93.65
Positive
200DMA
86.43
Positive
Market Momentum
MACD
3.31
Positive
RSI
67.88
Neutral
STOCH
57.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DRW3, the sentiment is Positive. The current price of 111.2 is above the 20-day moving average (MA) of 111.08, above the 50-day MA of 98.33, and above the 200-day MA of 86.43, indicating a bullish trend. The MACD of 3.31 indicates Positive momentum. The RSI at 67.88 is Neutral, neither overbought nor oversold. The STOCH value of 57.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
€2.88B19.255.52%1.98%-0.06%-38.81%
72
Outperform
€1.81B12.3010.62%2.35%6.37%71.55%
70
Outperform
€44.10B19.7612.00%2.85%-0.92%2.06%
67
Neutral
€828.48M16.2619.49%1.65%4.42%35.68%
60
Neutral
€1.43B43.424.19%1.82%
60
Neutral
€295.39M-633.75-0.17%3.05%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:DRW3
Draegerwerk AG & Co. KGaA
112.40
47.19
72.37%
DE:AFX
Carl Zeiss Meditec
32.14
-11.44
-26.25%
DE:COP
CompuGroup Medical
28.50
5.55
24.20%
DE:EUZ
Eckert & Ziegler Strahlen und Medizintechnik
13.01
-4.03
-23.63%
DE:SBS
STRATEC Biomedical
25.35
-0.17
-0.66%
DE:SHL
Siemens Healthineers AG
39.13
-7.45
-15.99%
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: Aug 04, 2026