Almirall SA
MAD:ALM

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Almirall SA
MAD:ALM
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Price: 10.2 EUR 2.62% Market Closed
Market Cap: 2.2B EUR

Relative Value

The Relative Value of one ALM stock under the Base Case scenario is 14.55 EUR. Compared to the current market price of 10.2 EUR, Almirall SA is Undervalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ALM Relative Value
Base Case
14.55 EUR
Undervaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
12
vs Industry
59
Median 3Y
1.5
Median 5Y
1.5
Industry
2.4
Forward
2
vs History
6
vs Industry
0
Median 3Y
-53.6
Median 5Y
10.6
Industry
20.3
Forward
33.3
vs History
33
vs Industry
29
Median 3Y
12.9
Median 5Y
12.6
Industry
15.6
vs History
vs Industry
10
Median 3Y
-7.3
Median 5Y
-3.7
Industry
23.1
vs History
33
vs Industry
49
Median 3Y
1.3
Median 5Y
1.3
Industry
2
vs History
14
vs Industry
59
Median 3Y
1.5
Median 5Y
1.7
Industry
2.5
Forward
2
vs History
17
vs Industry
69
Median 3Y
2.1
Median 5Y
2.3
Industry
4.8
vs History
6
vs Industry
30
Median 3Y
10.1
Median 5Y
9.2
Industry
12.5
Forward
9.5
vs History
9
vs Industry
12
Median 3Y
32.5
Median 5Y
21
Industry
15.7
Forward
25.3
vs History
38
vs Industry
29
Median 3Y
13
Median 5Y
12.7
Industry
14.1
vs History
vs Industry
8
Median 3Y
-17.6
Median 5Y
17.9
Industry
17.6
vs History
17
vs Industry
53
Median 3Y
1
Median 5Y
1
Industry
1.8

Multiples Across Competitors

ALM Competitors Multiples
Almirall SA Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
ES
Almirall SA
MAD:ALM
2.2B EUR 2.2 214.6 11.6 44.2
US
Eli Lilly and Co
NYSE:LLY
778.5B USD 15.9 70.1 37.6 41.1
UK
Dechra Pharmaceuticals PLC
LSE:DPH
440.4B GBP 578.3 -15 783.5 3 846.3 17 702.3
US
Johnson & Johnson
NYSE:JNJ
372.9B USD 4.2 17.1 12.5 16.4
DK
Novo Nordisk A/S
CSE:NOVO B
2T DKK 7 20.2 13.3 15.1
CH
Roche Holding AG
SIX:ROG
216.3B CHF 3.6 26.1 9.8 11.5
CH
Novartis AG
SIX:NOVN
182.1B CHF 4.1 17.2 10.1 13.6
UK
AstraZeneca PLC
LSE:AZN
166.7B GBP 4 28.5 130.9 197.4
US
Merck & Co Inc
NYSE:MRK
209.4B USD 3.3 12 8.6 10.3
IE
Endo International PLC
LSE:0Y5F
163.5B USD 70.5 -56 261.3 655.3
FR
Sanofi SA
PAR:SAN
120.3B EUR 1.3 9.5 5.2 6.1
P/E Multiple
Earnings Growth PEG
ES
Almirall SA
MAD:ALM
Average P/E: 46.1
214.6
141%
1.5
US
Eli Lilly and Co
NYSE:LLY
70.1
49%
1.4
UK
Dechra Pharmaceuticals PLC
LSE:DPH
Negative Multiple: -15 783.5 N/A N/A
US
Johnson & Johnson
NYSE:JNJ
17.1
27%
0.6
DK
Novo Nordisk A/S
CSE:NOVO B
20.2
18%
1.1
CH
Roche Holding AG
SIX:ROG
26.1
32%
0.8
CH
Novartis AG
SIX:NOVN
17.2
17%
1
UK
AstraZeneca PLC
LSE:AZN
28.5
36%
0.8
US
Merck & Co Inc
NYSE:MRK
12
18%
0.7
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -56 N/A N/A
FR
Sanofi SA
PAR:SAN
9.5
28%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
ES
Almirall SA
MAD:ALM
Average EV/EBITDA: 395.2
11.6
19%
0.6
US
Eli Lilly and Co
NYSE:LLY
37.6
31%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
3 846.3
36%
106.8
US
Johnson & Johnson
NYSE:JNJ
12.5
8%
1.6
DK
Novo Nordisk A/S
CSE:NOVO B
13.3
14%
1
CH
Roche Holding AG
SIX:ROG
9.8
6%
1.6
CH
Novartis AG
SIX:NOVN
10.1
5%
2
UK
AstraZeneca PLC
LSE:AZN
130.9
9%
14.5
US
Merck & Co Inc
NYSE:MRK
8.6
9%
1
IE
E
Endo International PLC
LSE:0Y5F
261.3
N/A N/A
FR
Sanofi SA
PAR:SAN
5.2
8%
0.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
ES
Almirall SA
MAD:ALM
Average EV/EBIT: 1 701.2
44.2
56%
0.8
US
Eli Lilly and Co
NYSE:LLY
41.1
33%
1.2
UK
Dechra Pharmaceuticals PLC
LSE:DPH
17 702.3
98%
180.6
US
Johnson & Johnson
NYSE:JNJ
16.4
13%
1.3
DK
Novo Nordisk A/S
CSE:NOVO B
15.1
14%
1.1
CH
Roche Holding AG
SIX:ROG
11.5
6%
1.9
CH
Novartis AG
SIX:NOVN
13.6
10%
1.4
UK
AstraZeneca PLC
LSE:AZN
197.4
21%
9.4
US
Merck & Co Inc
NYSE:MRK
10.3
12%
0.9
IE
E
Endo International PLC
LSE:0Y5F
655.3
N/A N/A
FR
Sanofi SA
PAR:SAN
6.1
14%
0.4