Zimmer Biomet · Health Care
ZBH
$91.12
Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company.捷迈邦美控股有限公司（ZimmerBiometHoldings,Inc.）是一家美国上市医疗器械公司。
Mixed profile混合特征
Large cap大盘
$18B
Engine stance引擎立场2026-07-20
Neutral — no clear edge中性 — 无明显优势
Confirmed cycle low — the entry window is open now, with a clear exit if it closes back below 84.17.周期低点已确认——入场窗口现已开启，若收盘重新跌破 84.17 则明确离场。
Key Statistics关键统计
Price价格
$91.12
14.7% below 52-week high低于52周高点 14.7%
Market Cap市值
$18B
Normal volume正常成交量
P/E Ratio市盈率
25.3x
28.9x sector median
Beta贝塔
0.30
Moves about 0.3x the market波动幅度约为市场的 0.3 倍
RSI (14)RSI（14）
54
Neutral zone中性区域
Next Earnings下次财报
2026-08-06 (18d)
Volatility Rank波动率分位
84th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
6.0% of float
Performance价格表现
| Period周期 | ZBH | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | -0.2% | -1.5% | Beat the index by 1.3 points跑赢指数 1.3 个百分点 |
| 1 Month近1月 | +4.8% | +0.6% | Beat the index by 4.2 points跑赢指数 4.2 个百分点 |
| 3 Months近3月 | -3.9% | +4.7% | Lagged the index by 8.6 points落后指数 8.6 个百分点 |
| 6 Months近6月 | +4.6% | +7.8% | Lagged the index by 3.2 points落后指数 3.2 个百分点 |
| Year to date年初至今 | +1.5% | +9.1% | Lagged the index by 7.6 points落后指数 7.6 个百分点 |
| 1 Year近1年 | -3.2% | +19.4% | Lagged the index by 22.6 points落后指数 22.6 个百分点 |
Technicals技术面
RSI (14)RSI（14）
54
Neutral zone中性区域
vs 50-day相对50日均线
+5.0% vs 50-day avg
vs 200-day相对200日均线
+-0.0% vs 200-day avg
Volatility rank波动率分位
84th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$89.30
Don't chase above不追高于
$92.57
Stop止损
$84.17
Cycle turn — awaiting confluence cross周期拐点 — 等待共振交叉确认
Earnings财务业绩
18
days until next report天后公布财报
2026-08-06
Estimates being cut预期下调
Post-earnings drift: -2.1% (20d)财报后漂移：-2.1%（20日）
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Valuation估值
| Multiple指标 | ZBH | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 25.28x | 28.92 | 61% |
| P/B市净率 | 1.40x | 3.52 | 90% |
| P/S市销率 | 2.17x | 3.02 | 61% |
| Earnings yield盈利收益率 | 3.96% | 2.72 | 71% |
| FCF yield自由现金流收益率 | 8.26% | 3.94 | 86% |
| Shareholder yield股东收益率 | 3.80% | 1.89 | 76% |
| EV/EBITDA企业价值/EBITDA | 11.29x | 18.21 | 84% |
| P/FCF市值/自由现金流 | 12.11x | 22.42 | 83% |
Analyst price targets — coming soon分析师目标价 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 3.2%
Earnings Per Share每股收益
Free Cash Flow自由现金流
Margins利润率
5.6%Return on Equity股本回报率
3.1%Return on Assets资产回报率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | 3.16 |
| Current ratio流动比率 | 1.98 |
Capital Allocation资本配置
| Buybacks (TTM)回购（TTM） | $487.0M |
| Stock-based comp股权薪酬 | $90.2M |
| Share count change (1y)股数变化（1年） | -1.7% |
Piotroski皮奥特罗斯基 4/8
Altman Z阿尔特曼Z: grey (2.4)
Clean稳健
Snapshot Gauges综合指标
Valuation vs Sector估值相对行业
Looks cheap vs sector相对行业偏便宜
Cheaper than 76% of its sector on blended multiples综合估值倍数低于行业内 76% 的公司
Beta市场敏感度
0.30×
0.21×3×
Moves about 0.3× the market波动幅度约为市场的 0.3 倍
Financial Health财务健康
4/8
Altman阿尔特曼: grey
Weak financial health财务健康状况偏弱
Dividend分红
—
Does not pay a dividend不派发股息
Why Is It Moving为何波动
Sector / Theme行业/主题
Health Care (Equal-Weight) theme — #6 of 46 themes「医疗保健（等权）」主题 — 46 个主题中第 6 位
Macro宏观
Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
ZBH lost its 200-day averageZBH 跌破200日均线
Options Positioning期权持仓
Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±2.22%
Expected weekly move预期周波动
±4.96%
Call wall看涨密集区
$95
Put wall看跌密集区
$90
Gamma flip伽玛翻转
$82
25d risk reversal25d风险逆转
-6.2%
Skew: 偏斜：fear
Ownership & Smart Money持仓与聪明钱
Insider activity内部人员活动: -$0.3M net (0 buyers, 2 sellers)-$0.3M 净值（0 买家，2 卖家）
Signal History信号历史
FRESH BUY
BUY ZONE
Jul 17, 2026
ZBH lost its 200-day averageZBH 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $91.12.收盘跌破200日均线 — 经典的空头分界线。$91.12。
Jul 16, 2026
ZBH reclaimed its 200-day averageZBH 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $93.75.收盘重回200日均线 — 经典的多头分界线。$93.75。
Jul 15, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 14, 2026
ZBH lost its 200-day averageZBH 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $91.03.收盘跌破200日均线 — 经典的空头分界线。$91.03。
Jul 13, 2026
BUY ZONE → BOTTOMING买入区 → 筑底中
BUY SETUP买入预备
Jul 10, 2026
UPTREND → BUY ZONE上涨趋势 → 买入区
BUY买入
Jul 10, 2026
ZBH reclaimed its 200-day averageZBH 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $91.34.收盘重回200日均线 — 经典的多头分界线。$91.34。
Jul 10, 2026
ZBH daily MACD crossed upZBH 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $91.34.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$91.34。
Jul 9, 2026
BOTTOMING → UPTREND筑底中 → 上涨趋势
HOLD持有
Showing last 15 of显示最近15条，共 102 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: 0.11
Value价值
+0.3
Quality质量
-0.2
Investment资本投入
+0.0
Shareholder payout股东回报
-0.1
Low volatility低波动
+0.4
Low market beta低市场敏感度
+0.7
Earnings quality盈利质量
-0.1
Short interest空头兴趣
-0.2
Company Profile公司档案
Zimmer Biomet Holdings, Inc. is a publicly traded American medical device company.捷迈邦美控股有限公司（ZimmerBiometHoldings,Inc.）是一家美国上市医疗器械公司。
Demand chain:需求链： Contracted bookings (RPO) unclear (n/a YoY to ~$0B) — signed demand locked in ahead of recognition已签约订单（RPO）不明（同比n/a，约 $0B）——已锁定、尚未确认的需求
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Margin compression despite revenue growth
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