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← CockpitCompetitor Analysis › M12.DE M1 Kliniken AGOpen in the cockpit ↗

M1 Kliniken AGM12.DECompetitor analysis, valuation and peers

Germany · EUR·Health Care›Medical/Nursing Services
Momentum neutral 50
Mkt cap
$376M
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$35,187
20-day average traded
Fwd P/E
18.5×
forward earnings
ROIC−WACC
+11.6 pp
WACC 6.4%
Hurdle
-23 pp
Req g minus delivered
Close · EUR€19.06
1D-2.3%
1W-2.6%
1M-5.2%
3M+0.3%
6M+2.6%
YTD+0.3%
1Y+33.3%
ATR %3.2%
52w lowhigh12.2% off high

What M1 Kliniken does

No business profile yet.

M1 Kliniken at a glance

Size M1 Kliniken (M12.DE) is a Germany Health Care company (Medical/Nursing Services) with a market value of $376M, the 190th largest of 205 Germany companies the cockpit tracks. Shares closed at €19.06 on 6 Nov 2026.

Performance Over six months the shares gained 2.6%, against -2.5% for the median peer and +2.6% for the Germany market (cap-weighted) — 7th highest of 19 in its peer set.

Growth Revenue fell 27.5% over the last twelve months (peer median +6.7%); the operating margin is 12.5% (peer median 8.0%).

Valuation It trades at 18.5× forward earnings against a peer median of 15.5× (6th most expensive of 14).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -23 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 11.6 points above its cost of capital (6.4% WACC).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026M12.DE 98Peer median 97
Six months, rebased to 100: M1 Kliniken against the median of its 20 peers (local-currency closes).

M1 Kliniken financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€257M€364M€339M€316M€285M
Revenue growth—+7%+7%+11%—
Gross profit€47.7M€47.4M€37.9M€26.7M€21.7M
EBITDA€36.6M€40.7M€31.1M€19.6M€14.6M
Net income€20.2M€22.1M€16.0M€10.3M€4.32M
Free cash flow€23.1M€33.7M€29.8M€8.46M€19.9M
Capital expenditure€213,093€110,224€995,383€1.01M€1.77M
Total debtn/a€10.3M€21.1M€17.0M€19.7M

Quarterly statements and history in the cockpit →

M1 Kliniken competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%300642AYUPANIOX9860AUNAACLJSLL3218IDX127120SRTAFLGT195940WELLDNA1951M12.DE6-month return →1-month return →
Up and to the right = strong over both horizons. M1 Kliniken is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%0×20×40×60×NIOX9860AUNAACLJSLL3218IDXSRTANEPHROPLUSGMRSWELLM12.DERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. M1 Kliniken is the large dot.

Capital: growth delivered against growth the price implies

0%+50%+100%0%50%100%300642AYUPANIOX9860AUNAACLJSLL3218IDXNEPHROPLUSGMRSWELL1951M12.DEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. M1 Kliniken is the large dot.

M1 Kliniken competitors and peer comparison

How M1 Kliniken compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

M1 Kliniken against its 20 peers (data as of 6 Nov 2026)
MeasureM12.DEPeer medianRank in peer set
1-month return-5.2%-6.2%9th highest of 21
6-month return+2.6%-2.5%7th highest of 19
Distance from 52-week high-12.2%-24.6%2nd highest of 21
Revenue growth (TTM)-27.5%+6.7%2nd lowest of 21
Operating margin12.5%8.0%6th highest of 21
Forward P/E18.5×15.5×6th most expensive of 14
Growth the price implies (Req g, 7 yrs)-5.5%8.1%6th least demanding of 16
Growth delivered (Del g)+17.9%+12.4%5th highest of 16
Hurdle (Req g minus delivered)-23.4 pp-11.4 pp6th least demanding of 16
ROIC minus cost of capital+11.6 pp-2.2 pp3rd highest of 20
EV / EBITDA8.4×9.6×5th cheapest of 12
Net debt / EBITDA-1.5×1.7×2nd least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
M1 Kliniken M12.DEGermany$376M+3%-28%13%18.5×-5.5%+17.9%
Tellgen 300642.SZChina$387M-3%+5%8%n/a22.4%-5.8%
Oncology Institute STLNUnited States$362Mn/a+38%-4%n/an/an/a
Australian Unity Ltd Pref AYUPA.AXAustralia$353M+6%0%-2%n/a-15.1%+9.6%
NIOX NIOX.LUnited Kingdom$349M+2%+3%22%20.7×3.9%+15.3%
ADICON 9860.HKHong Kong$408M+9%+1%4%25.5×12.0%-1.5%
Auna AUNAUnited States$346M-8%+17%13%4.7×-10.5%+24.4%
Australian Clinical Labs ACL.AXAustralia$419M+74%-1%8%17.3×3.9%+2.6%
Jeena Sikho Lifecare JSLL.NSIndia$424M-56%+162%36%13.9×8.1%+42.6%
Universal Vision Biotechnology 3218.TWOTaiwan$324M-7%0%31%9.6×-12.3%+15.4%
Integral Diagnostics IDX.AXAustralia$450M-21%+26%9%15.5×8.3%+17.7%
JS Link 127120.KSSouth Korea$481M-57%+51%-76%n/an/an/a
Strata Critical Medical SRTAUnited States$497M0%+23%-4%67.4×n/an/a
Shanghai Labway Clinical Laboratory 301060.SZChina$593M-4%-19%6%n/a8.8%+3.2%
Nephrocare Health Services NEPHROPLUS.NSIndia$639M+10%+33%14%41.9×35.7%+31.6%
Fulgent Genetics FLGTUnited States$653M+49%+7%-36%n/an/an/a
GMR Solutions GMRSUnited States$672Mn/a-4%14%8.0×-20.0%-4.0%
HK inno.N 195940.KSSouth Korea$745M-32%+7%12%11.8×-10.8%+12.2%
WELL Health Technologies WELL.TOCanada$760M-5%+39%7%14.7×9.1%+94.5%
Ginkgo Bioworks DNAUnited States$760M+26%-52%-258%n/an/an/a
Jinxin Fertility 1951.HKHong Kong$800M-2%+7%11%24.4×18.0%+12.4%

Questions

Which companies are M1 Kliniken's closest peers?
The cockpit's peer set: Tellgen (300642.SZ), Oncology Institute (STLN), Australian Unity Ltd Pref (AYUPA.AX), NIOX (NIOX.L), ADICON (9860.HK), Auna (AUNA), Australian Clinical Labs (ACL.AX), Jeena Sikho Lifecare (JSLL.NS).
Is M1 Kliniken expensive compared with its peers?
On forward p/e it trades at 18.5× against a peer median of 15.5×, 6th most expensive of 14 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -23 pp: the price already allows for a slowdown.
How has M1 Kliniken stock performed?
Over six months to 6 Nov 2026 the shares returned +2.6% against -2.5% for the median peer; over one year +33.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.