Home Stock Ideas Long Ideas Healthcare  Summary Fresenius Medical Care is undervalued at a sub-10x P/E despite 7-9% AEPS growth and improved fundamentals. FMS has achieved 300-400 bps margin expansion, €800M+ in savings, and reduced leverage to 2.5x, supporting a more robust investment-grade profile. Even with flat or low growth, FMS offers 40-60% multi-year upside to a $29/share price target, justifying a 'Buy' rating. Risks from reimbursement, inflation, and US politics are manageable; FMS’s market leadership and cost controls underpin a favorable risk/reward. I do much more than just articles at Wolf of Value: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Memorystockphoto/iStock via Getty Images My coverage of Fresenius Medical Care ( FMS ) goes back a number of years at this point.…