Recordati Industria Chimica e Farmaceutica S.p.A. (REC) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Recordati Industria Chimica e Farmaceutica S.p.A. stock €58.36, price €53.05, upside +10.0%, quality 69 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Recordati Industria Chimica e Farmaceutica S.p.A.
REC · MIThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €31.82 – €58.59 · fair‑value band €36.16 – €74.34 · the €53.05 price screens below the €58.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Recordati Industria Chimica e Farmaceutica S.p.A., together with its subsidiaries, researches, develops, produces, and sells pharmaceuticals in Italy, the United States, Spain, France, Germany, Russia, Ukraine, Turkey, Portugal, North Africa, and internationally.
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It operates through Specialty and Primary Care; and Rare Diseases segments.
The company develops Maapliv for maple syrup urine disease; Isturia for endogenous Cushing's syndrome; Cystadrops treatment of the ocular manifestations of cystinosis; Carbaglu for hyperammonemia due to n-acetyl glutamate synthase deficiency; Qarziba for neuroblastoma patients and patients with relapsed or refractory neuroblastoma; and Fotivda for renal cell carcinoma.
It also develops Sylvant for idiopathic multicentric castleman diseases; Caphosol for oral mucositis; ENJAYMO for hemolysis in adults with cold agglutinin disease; Zanidip, Zanipress, Vazkepa, and Logimax for hypertension; Urorec and Avodart for symptoms of benign prostatic hyperplasia; and Livazo for dyslipidemia; Combodart/Duodart; Seloken for angina pectoris, myocardial infarction and cardiac rhythm disorders, as well as hypertension and functional heart disorders.
In addition, the company offers Procto-Glyveno for internal and external hemorrhoids; Polydexa, Isofra, and Otofa for ear, nose and throat infections; Isturisa, for Cushing's syndrome; Normosang, human hemin; Juxtapid, homozygous familial hypercholesterolemia;Ledaga, mycosis fungoides, T-cell cutaneous lymphoma;Tergynan, an anti-infective for gynecological infections; CitraFleet and Phosphosoda as bowel cleansers; Lomexin for gynecological and dermatological infections; Hexaspray, treatments for the oral cavity; Magnesio Supremo, a dietary supplement; Reaglia for schizophrenia; Eligard for hormone-dependent prostate cancer; and pasireotide in Phase II trial for patients with post-bariatric hypoglycemia, as well as other products.
The company was founded in 1926 and is headquartered in Milan, Italy.
Stock analysis
Recordati Industria Chimica e Farmaceutica S.p.A. (REC) currently trades at €53.05, while our model-based Fair Value estimate is €58.36, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of €46.92 per share, and 3 of the 24 models we run sit above the €53.05 price.
Bear case: the Economic Profit group reads lowest at €15.50, and 21 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: €36.16 (bear) to €74.34 (bull), the price of €53.05 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Recordati Industria Chimica e Farmaceutica S.p.A. reported revenue of €2.6B in FY2025 versus €1.6B in FY2021, a compound +13.5%/yr. Reported net income was €444M in FY2025, compounding +3.5%/yr from FY2021.
Key figures
Market cap €11.0B Large · P/E ratio 22.3 · P/S ratio 4.08 · EPS (TTM) €2.38 · Dividend yield 2.5% · Net margin 18.4% · Return on equity 24.9% · Return on assets (EBIT) 13.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (medium confidence).
What moves the price
The share trades about 1% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −12% fair-value upside, at 10%, REC screens cheaper than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Earlier news
- Recordati (BIT:REC) Stock Could Be 41% Undervalued On Cash Flow
- RECORDATI ANNOUNCES THE WINNER OF THE 12TH EDITION OF THE ARRIGO RECORDATI PRIZE FOR SCIENTIFIC RESEARCH
- Recordati SpA (RCDTF) Q2 2026 Earnings Call Highlights: Rare Disease Portfolio Drives Strong ...
- RECORDATI: SOLID MOMENTUM OF THE GROUP CONTINUES FIRST HALF 2026. NET REVENUE +6.6%, EBITDA +8.8%, ADJUSTED NET INCOME +6.7%
Compare Recordati Industria Chimica e Farmaceutica S.p.A. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Drug Manufacturers - General · 74 stocks
Valuation Multiplesvs Drug Manufacturers - General median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Healthcare
- Valuation of the Italy market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Bristol-Myers Squibb Company BMY | $64.19 | $75.91 | +18% | vs REC |
| Gilead Sciences, Inc GILD | $174.48 | $191.93 | +10% | vs REC |
| Amgen Inc AMGN | $478.48 | $507.39 | +6% | vs REC |
| Novartis AG NOVN | CHF 134.12 | CHF 119.58 | −11% | vs REC |
| AbbVie Inc ABBV | $294.83 | $259.62 | −12% | vs REC |
| Merck & Co MRK | $150.36 | $129.26 | −14% | vs REC |
| Roche Holding RO | CHF 399.00 | CHF 326.56 | −18% | vs REC |
| Pfizer Inc PFE | $30.79 | $24.87 | −19% | vs REC |
| Johnson & Johnson, JNJ | $276.32 | $168.85 | −39% | vs REC |
| Eli Lilly and Company LLY | $1,418 | $749.92 | −47% | vs REC |
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Key figures of Recordati Industria Chimica e Farmaceutica S.p.A.
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