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STOCK COMPARISON

Epsilon Healthcare vs Merck KGaA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Epsilon Healthcare (EPN) and Merck KGaA (MRK) compare, as of Sep 29, 2026.

As of Sep 29, 2026, Fair Value Calculator sees Epsilon Healthcare as the less overvalued of the two: Epsilon Healthcare trades at A$0.03 versus a fair value of A$0.02 (−20.7%), while Merck KGaA trades at €138 versus €109 (−21.3%).
Epsilon Healthcare
EPN.AU · AUD · Health Care
−20.7%
upside to fair value
overvalued
PriceA$0.03
Fair ValueA$0.02
Quality39/100
Merck KGaA
MRK.XETRA · EUR · Health Care
−21.3%
upside to fair value
overvalued
Price€138
Fair Value€109
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Epsilon HealthcareMerck KGaA
Valuation
n/aP/E (TTM)24.6×
n/aForward P/E (FY2027)15.5×
n/aMedian P/E at FY-end (10 FY, reported earnings)25.0×
0.82×P/S (TTM)2.85×
2.59×P/B2.11×
n/aEV/EBITDA12.1×
n/aPEG2.15×
−20.7%Fair value upside−21.3%
n/aDividend yield1.6%
n/aDividend per share€2.20
Profitability
-0.3%Operating margin13.9%
n/aEBIT margin trend (5Y)1.07×
-449.8%Return on equity8.1%
-9.7%Return on assets4.7%
Growth
119.4%Revenue growth (YoY)3.4%
9.7%Avg. growth/yr (3Y)-1.7%
5.0%Avg. growth/yr (5Y)3.8%
n/aValue creation/yr+7.2%
Balance & size
n/aInterest coverage (EBIT/interest)15.5×
n/aDebt / equity0.36×
$8MMarket cap$68B
mixedGrowth qualitymixed
Merck KGaA, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 25.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Epsilon Healthcare leads: 4 to 3 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Epsilon Healthcareof which business quality 38 · market factors 52 Merck KGaAof which business quality 61 · market factors 69
ProfitabilityMargins and returns on capital today
11
41
Quality GrowthAre margins and returns improving?
76
40
CashflowEarnings quality: real cash, not paper profit
23
57
Fin. StrengthBalance sheet, leverage, solvency risk
29
75
InvestmentDisciplined investing over empire-building
100
80
Low VolatilityCalm price path (market factor)
40
73
MomentumPrice trend over the last 3–12 months (market factor)
58
64
52W MomentumDistance to the 52-week high (market factor)
55
75
Net IssuanceShare count: buybacks or dilution?
31
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyEpsilon HealthcarePrice A$0.03Merck KGaAPrice €138
DCF Modelsn/a−22.6%below the price€107
Earnings-Basedn/a−61.5%below the price€53.25
Dividend Discountn/a−70.6%below the price€40.71
Multiplesn/a−14.6%close to the price€118
Asset-Based−65.5%below the priceA$0.01−68.2%below the price€44.06
Growth DCFn/a−31.7%below the price€94.57
Economic Profitn/a−52.0%below the price€66.44
Growth Earningsn/a−16.8%below the price€115
Minimum−65.5%below the priceA$0.01−70.6%below the price€40.71
Maximum−65.5%below the priceA$0.01−14.6%close to the price€118
Median−65.5%below the priceA$0.01−41.9%below the price€80.50
Geometric mean−65.5%below the priceA$0.01−46.7%below the price€73.75

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Epsilon Healthcare: 1 of 1 models see the stock below the current price.

Merck KGaA: 23 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Merck KGaA
Price €138
Fair Value €109
Bear €60.04Bull €150

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Epsilon Healthcare · Health Care

Quality score39 · bottom 25%
Fair value upside−20.7% · below median

Merck KGaA · Health Care

Quality score62 · above median
Fair value upside−21.3% · below median

Bottom line

As of Sep 29, 2026, Fair Value Calculator sees Epsilon Healthcare as the less overvalued of the two: Epsilon Healthcare trades at A$0.03 versus a fair value of A$0.02 (−20.7%), while Merck KGaA trades at €138 versus €109 (−21.3%).

Merck KGaA has the higher quality score (62/100).

Open Epsilon Healthcare live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.