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BioNTech SE (22UA) Fair Value & Analysis

Healthcare · DE · Market cap €20.2B

BS BioNTech SE 22UA · XETRA
Price€101.70
Fair Value€52.92
Upside-48.0%
Quality41/100

Risks

!Trades 92% ABOVE our fair value of €52.92
!Expensive Growth (revenue 5y +42.9 %/yr)
!Loss-making · -44.6% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +42.9 %/yr)
Loss-making · -44.6% net margin
Low debt · negative free cash flow
Narrow moat 15/100
Evidence: Low Range €34.93 – €66.15 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 10 days ago

Share price +25.3% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (€66.15). The favourable scenario is already priced in.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (€34.93 to €66.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€366.84 €68.85 Fair Value €52.92 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €68.85 – €366.84 · fair‑value band €34.93 – €66.15 · the €101.70 price screens above the €52.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

BioNTech SE (22UA) currently trades at €101.70, while our model-based Fair Value estimate is €52.92, implying the stock looks roughly 48.0% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, BioNTech SE generated revenue of €2.8B at a net margin of -44.6%. Revenue declined 35.4% year over year. It earns a return on equity of -6.7%. Fundamentals as of Aug 13, 2026

Our scenario range runs from €34.93 (bear case) to €66.15 (bull case); at €101.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -60% fair-value upside, at -48%, 22UA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) €38.01 €50.93 €76.02 50
All 1 models by family
Asset-Based
NCAV (Graham) €38.01 €50.93 €76.02 50

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Key figures & financial health

P/S ratio 7.39 TTM
Net margin -44.6% TTM
Return on equity -6.7% TTM
Return on assets -4.2% TTM
Operating margin -577% TTM
EPS (TTM) €-5.07
More key figures
Growth
Revenue (TTM) €2.8B TTM
Revenue growth (YoY) -35.4% 3y avg -45.1%
EPS growth (YoY) -43.2%
Balance sheet & cash flow
Free cash flow −€293M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 47

Profitability 4
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

BioNTech SE, together with its subsidiaries, engages in the development and commercialization of immunotherapies in Germany. The company offers BNT162, an mRNA vaccine for the treatment of SARS-CoV-2 virus.

Full company description

BioNTech SE, together with its subsidiaries, engages in the development and commercialization of immunotherapies in Germany. The company offers BNT162, an mRNA vaccine for the treatment of SARS-CoV-2 virus. It also develops oncology drugs under Phase III clinical trial, including Gotistobart for metastatic non-small cell lung cancer, Pumitamig for small cell lung cancer and advanced/metastatic triple-negative breast cancer, and Trastuzumab pamirtecan for metastatic breast cancer and epirubicin and cyclophosphamide; and drugs under Phase 2/3 clinical trial, such as BNT113 for human papillomavirus and head and neck squamous cell carcinoma, as well as Pumitamig for metastatic colorectal and non-small cell lung cancer. In addition, the company engages in the development of oncology drugs under Phase II clinical trial comprising BNT116 for advance non-small cell lung cancer, BNT326/YL202 for multiple solid tumors and advanced/metastatic breast cancer, Autogene cevumeran for advance colorectal cancer, and Gotistobart for platinum-resistant ovarian cancer, as well as Pumitamig for glioblastoma, hepatocellular carcinoma, malignant pleural mesothelioma, neuroendocrine neoplasms, and metastatic pancreatic ductal adenocarcinoma. Further, it develops BNT166 which is Phase II clinical trial for mpox virus; and infectious diseases drugs under Phase 1/2 clinical trial, which include BNT162 + BNT161 for SARS-CoV-2 and influenza, BNT164 for tuberculosis, BNT165 for malaria, and BNT166 for mpox. The company was incorporated in 2008 and is headquartered in Mainz, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BioNTech SE reported revenue of €2.9B in FY2025 versus €19.0B in FY2021, a compound −37.6%/yr. Reported net income was −€1.1B in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€2.9B
Latest YoY
+4.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−45.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+42.9%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+61.6%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −37.6%/yr
FY21 €19.0B
FY22 €17.3B
FY23 €3.8B
FY24 €2.8B
FY25 €2.9B
Net income
FY21 €10.3B
FY22 €9.4B
FY23 €930M
FY24 −€665M
FY25 −€1.1B

22UA screens 48% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "BioNTech SE Fair Value". https://www.fairvalue-calculator.com/stock/22UA

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Moderna, Inc MRNA $63.67 $12.77 -80%
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Frequently asked questions

Is BioNTech SE (22UA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €52.92 versus a price of €101.70, about −48% (overvalued).
What is the fair value of 22UA?
Our model-based fair value for BioNTech SE is €52.92 (as of Aug 13, 2026), built from audited fundamentals. The current price: €101.70.
What is the quality score of 22UA?
BioNTech SE has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BioNTech SE (22UA)?
BioNTech SE reported trailing-twelve-month revenue of about €2.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 22UA?
The net profit margin of BioNTech SE is about -44.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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