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ABIONYX Pharma SA (ABNX) Fair Value & Analysis

Healthcare · FR · Market cap €78.8M

AP ABIONYX Pharma SA ABNX · PA
Price€1.92
Fair Value€1.31
Upside-31.8%
Quality28/100
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Weak Growth
Loss-making · -136.6% net margin
Low debt · negative free cash flow
Trails peers (1/10)
Narrow moat 10/100
Evidence: Low Range €0.7300 – €1.81 Share as image

Fair value as of: Jul 18, 2026

From 3 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from €1.51 to €1.31 (−13.2%) since Jul 14, 2026. Share price +3.7% over the past month.

Below-average quality, and screening another 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€1.81). The favourable scenario is already priced in.
  • Weak quality (28/100) 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 (€0.7300 to €1.81) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€4.92 €0.8923 Fair Value €1.31 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €0.8923 – €4.92 · fair‑value band €0.7300 – €1.81 · the €1.92 price screens above the €1.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

ABIONYX Pharma SA (ABNX) currently trades at €1.92, while our model-based Fair Value estimate is €1.31, implying the stock looks roughly 31.8% overvalued today. The Quality Score stands at 28/100 (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).

Trailing-twelve-month revenue stands at €4.1M. Revenue declined 11.9% year over year. It earns a return on equity of -92.3%. Fundamentals as of Jul 18, 2026

Our scenario range runs from €0.7300 (bear case) to €1.81 (bull case); at €1.92, 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 63% below its 52-week high and 67% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -32%, ABNX 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
Gordon GGM €0.6500 €1.10 €1.42 70
DDM Multi-Stage €0.6500 €1.04 €1.18 61
NCAV (Graham) €0.0500 €0.0700 €0.1000 50
All 3 models by family
Dividend Discount
Gordon GGM €0.6500 €1.10 €1.42 70
DDM Multi-Stage €0.6500 €1.04 €1.18 61
Asset-Based
NCAV (Graham) €0.0500 €0.0700 €0.1000 50

Widest divergence: Dividend Discount (€1.04) versus Asset-Based (€0.0700). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €4.1M
Revenue growth (YoY) -11.9%
Net margin -137%
Return on equity -92.3%
Free cash flow −€3.2M FY2025
Operating margin -165%
More key figures
EPS (TTM) €-0.1600
Net debt €284K FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 30 · Market factors (momentum, volatility) 31

Profitability 4
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 13
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.

About the company

ABIONYX Pharma SA, a biotech company, discovers and develops therapies for the treatment of renal, metabolic, and ophthalmic diseases in France and the United States. It operates through Research and Development Activities for the Development of Innovative Drugs; and Contract Research Organization (CRO) Activities segments.

Full company description

ABIONYX Pharma SA, a biotech company, discovers and develops therapies for the treatment of renal, metabolic, and ophthalmic diseases in France and the United States. It operates through Research and Development Activities for the Development of Innovative Drugs; and Contract Research Organization (CRO) Activities segments. The company develops CER-001, a recombinant HDL mimetic biopharmaceutical in a Phase III trial for the treatment of lecithin cholesterol acyltransferase (LCAT) deficiency, as well as in a Phase II trial for the treatment of sepsis. It is also developing ABNX-100, a strategic extension into ophthalmology of CER-001 that is in preclinical trial for the treatment of uveitis. The company was formerly known as Cerenis Therapeutics Holding SA and changed its name to ABIONYX Pharma SA in August 2019. ABIONYX Pharma SA was incorporated in 2005 and is headquartered in Balma, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ABIONYX Pharma SA reported revenue of €4.1M in FY2025 versus €675K in FY2021, a compound +56.6%/yr. Reported net income was −€5.6M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€4.1M
Latest YoY
−11.7%
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.
−8.2%
Avg. growth/yr (7Y) 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.
+56.8%
Revenue +56.6%/yr
FY21 €675K
FY22 €5.3M
FY23 €4.6M
FY24 €4.6M
FY25 €4.1M
Net income
FY21 −€5.8M
FY22 −€4.2M
FY23 −€3.5M
FY24 −€4.4M
FY25 −€5.6M

ABNX screens 32% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "ABIONYX Pharma SA Fair Value". https://www.fairvalue-calculator.com/stock/ABNX

Peer Group

Biotechnology · 601 stocks

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.

Quality Score 28 · Bottom 25%
Fair Value upside −32% · Above median
Return on assets -26% · Bottom 25%
Net margin (TTM) -137% · Bottom 25%
Operating margin (TTM) -165% · Bottom 25%
Revenue growth -12% · Below median
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 21.36× · Pricier than 75% of peers
P/S (TTM) 22.40× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 77 · sector 98
DIVIDEND 0 · sector 23

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is ABIONYX Pharma SA (ABNX) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €1.31 versus a price of €1.92, about −32% (overvalued).
What is the fair value of ABNX?
Our model-based fair value for ABIONYX Pharma SA is €1.31 (as of Jul 18, 2026), built from audited fundamentals. The current price is €1.92.
What is the quality score of ABNX?
ABIONYX Pharma SA has a Quality Score of 28/100. 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 ABIONYX Pharma SA (ABNX)?
ABIONYX Pharma SA reported trailing-twelve-month revenue of about €4.1M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ABNX?
The net profit margin of ABIONYX Pharma SA is about -136.6%, 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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