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Almirall SA
MAD:ALM

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Almirall SA
MAD:ALM
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Price: 12.58 EUR 1.29% Market Closed
Market Cap: €2.7B

P/FCFE

-60.7
Current
215%
More Expensive
vs 3-y average of -19.2

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-60.7
=
Market Cap
€2.8B
/
Free Cash Flow to Equity
€-44.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
-60.7
=
Market Cap
€2.8B
/
Free Cash Flow to Equity
€-44.5m

Valuation Scenarios

Almirall SA is trading above its industry average

If P/FCFE returns to its Industry Average (36.8), the stock would be worth €-7.62 (161% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-161%
Maximum Upside
No Upside Scenarios
Average Downside
143%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple -60.7 €12.58
0%
Industry Average 36.8 €-7.62
-161%
Country Average 15.6 €-3.24
-126%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
ES
Almirall SA
MAD:ALM
2.7B EUR -60.7 58.5
US
Eli Lilly and Co
NYSE:LLY
910.2B USD 67.4 44.1
US
Johnson & Johnson
NYSE:JNJ
547.1B USD 21 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 27.5 20.1
UK
AstraZeneca PLC
LSE:AZN
209.6B GBP 36.2 27.4
CH
Novartis AG
SIX:NOVN
221.1B CHF 9.4 20.7
US
Merck & Co Inc
NYSE:MRK
277.6B USD 12.3 15.2
IE
Endo International PLC
LSE:0Y5F
244.4B USD -766.6 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 24.3 12.1
US
Pfizer Inc
NYSE:PFE
149.7B USD 24.3 19.3
US
Bristol-Myers Squibb Co
NYSE:BMY
117.2B USD 19.3 16.6
P/E Multiple
Earnings Growth PEG
ES
Almirall SA
MAD:ALM
Average P/E: 26
58.5
57%
1
US
Eli Lilly and Co
NYSE:LLY
44.1
32%
1.4
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
27.4
25%
1.1
CH
Novartis AG
SIX:NOVN
20.7
14%
1.5
US
Merck & Co Inc
NYSE:MRK
15.2
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
12.1
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.3
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.6
16%
1

Market Distribution

Lower than 100% of companies in Spain
Percentile
0th
Based on 497 companies
0th percentile
-60.7
Low
1.4 — 10.4
Typical Range
10.4 — 26.3
High
26.3 —
Distribution Statistics
Spain
Min 1.4
30th Percentile 10.4
Median 15.6
70th Percentile 26.3
Max 531.1

Almirall SA
Glance View

Market Cap
2.7B EUR
Industry
Pharmaceuticals

Almirall SA, a venerable player in the pharmaceutical industry, has its roots deeply embedded in the Spanish landscape where it began its journey in 1943. With a commitment to innovation and a keen focus on dermatology, the company has carved out a significant niche for itself. Almirall's core strategy revolves around the development, manufacturing, and commercialization of its proprietary medications, particularly those targeting skin conditions such as psoriasis and atopic dermatitis. By investing heavily in research and development, Almirall ensures its pipeline remains robust with promising drug candidates and innovative therapies that can meet the unmet needs of dermatology patients. This focus gives them a strategic edge, allowing them to leverage their scientific expertise and deliver state-of-the-art solutions to the market. The financial health of Almirall thrives on a clear business model that involves both direct sales and strategic partnerships. Through collaborations with other pharmaceutical giants and dynamic distribution networks, the company expands its reach beyond Europe, tapping into the American and Asian markets as well. Licensing agreements and co-development partnerships are key to its financial strategy, effectively allowing Almirall to maximize its intellectual property while sharing risks and costs. This multi-pronged approach ensures a steady revenue stream from both its branded products and its generics division, which supplements the overall profitability and sustainability of the company. As Almirall continues to navigate the competitive landscape of the pharma industry, its resilience and adaptability underscore its enduring legacy.

ALM Intrinsic Value
11.42 EUR
Overvaluation 9%
Intrinsic Value
Price €12.58
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