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STOCK COMPARISON

Merck KGaA vs Natural Capsules: Fair Value & Quality

Both stocks run through our valuation models. Here is how Merck KGaA (MRK) and Natural Capsules (NATCAPSUQ) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Natural Capsules as the less overvalued of the two: Merck KGaA trades at €133 versus a fair value of €109 (-18%), while Natural Capsules trades at ₹169 versus ₹142 (-16%).
Merck KGaA
MRK.XETRA · EUR · Health Care
-18%
upside to fair value
overvalued
Price€133
Fair Value€109
Quality62/100
Natural Capsules
NATCAPSUQ.NSE · INR · Health Care
-16%
upside to fair value
overvalued
Price₹169
Fair Value₹142
Quality33/100
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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

Merck KGaANatural Capsules
Valuation
24.1×P/E (TTM)n/a
3.14×P/S (TTM)n/a
2.30×P/Bn/a
12.9×EV/EBITDAn/a
2.76×PEGn/a
−18.4%Fair value upside−15.8%
1.7%Dividend yieldn/a
€2.20Dividend per sharen/a
Profitability
18%Operating margin-5%
1.07×EBIT margin trend (5Y)n/a
9%Return on equity-10%
5%Return on assets-3%
Growth
-3%Revenue growth (YoY)30%
-1.7%Avg. growth/yr (3Y)4.4%
3.8%Avg. growth/yr (5Y)n/a
+7.3%Value creation/yrn/a
Balance & size
15.5×Interest coverage (EBIT/interest)n/a
0.36×Debt / equity0.25×
$66BMarket cap$17M
mixedGrowth qualityexpensive

Even match: 3 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.

Merck KGaAof which business quality 61 · market factors 64 Natural Capsulesof which business quality 33 · market factors 42
ProfitabilityMargins and returns on capital today
41
10
Quality GrowthAre margins and returns improving?
40
29
CashflowEarnings quality: real cash, not paper profit
57
5
Fin. StrengthBalance sheet, leverage, solvency risk
76
39
InvestmentDisciplined investing over empire-building
80
36
Low VolatilityCalm price path (market factor)
72
61
MomentumPrice trend over the last 3–12 months (market factor)
59
44
52W MomentumDistance to the 52-week high (market factor)
65
17
Net IssuanceShare count: buybacks or dilution?
82
100

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 familyMerck KGaAPrice €133Natural CapsulesPrice ₹169
DCF Models-20%below the price€107n/a
Earnings-Based-60%below the price€53.25n/a
Dividend Discount-69%below the price€40.71n/a
Multiples-11%close to the price€118n/a
Asset-Based-67%below the price€44.06-16%below the price₹143
Growth DCF-29%below the price€94.57n/a
Economic Profit-50%below the price€66.44n/a
Growth Earnings-14%close to the price€115n/a
Minimum-69%below the price€40.71-16%below the price₹143
Maximum-11%close to the price€118-16%below the price₹143
Median-40%below the price€80.50-16%below the price₹143
Geometric mean-45%below the price€73.75-16%below the price₹143

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%.

Merck KGaA: 22 of 26 models see the stock below the current price.

Natural Capsules: 1 of 1 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 €133
Fair Value €109
Bear €59.91Bull €150
Natural Capsules
Price ₹169
Fair Value ₹142
Bear ₹106Bull ₹212

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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.

Merck KGaA · Health Care

Quality score62 · above median
Fair value upside-18% · above median

Natural Capsules · Health Care

Quality score33 · bottom 25%
Fair value upside-16% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Natural Capsules as the less overvalued of the two: Merck KGaA trades at €133 versus a fair value of €109 (-18%), while Natural Capsules trades at ₹169 versus ₹142 (-16%).

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

Open Natural Capsules live analysis →
Merck KGaA · Natural Capsules

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