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ADC Therapeutics SA (ADCT) Fair Value & Analysis

Healthcare · US · Market cap $141M

AT ADC Therapeutics SA logo ADC Therapeutics SA ADCT · US
Price$1.13
Fair Value$1.36
Upside+20.4%
Quality34/100
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Weak Growth
Loss-making · -173.0% net margin
Negative equity (buybacks among others) · negative free cash flow
Trails peers (3/8)
Narrow moat 9/100
Evidence: Low Range $1.02 – $1.70 Share as image

Fair value as of: Jun 23, 2026

From 3 valuation models · updated 48 days ago

Share price −11.7% over the past month.

Below-average quality, screening 20% undervalued on our models.

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • Our model range runs from $1.02 (bear) to $1.70 (bull), base $1.36. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 34/100 (below-average quality) with low evidence: read the verdict with care.
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Price vs Fair Value (5 years)

$31.51 $0.4681 Fair Value $1.36 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range $0.4681 – $31.51 · fair‑value band $1.02 – $1.70 · the $1.13 price screens below the $1.36 fair value. Dashed = 300-day average. As of Jun 23, 2026.

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Analysis

ADC Therapeutics SA (ADCT) currently trades at $1.13, while our model-based Fair Value estimate is $1.36, implying the stock looks roughly 20.4% undervalued today. The Quality Score stands at 34/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at $79.2M. Revenue declined 9.5% year over year. Net debt stands at $178M. Fundamentals as of Jun 23, 2026

Our scenario range runs from $1.02 (bear case) to $1.70 (bull case); at $1.13, the current price sits within 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 77% below its 52-week high and 45% 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 20%, ADCT screens cheaper than that median.

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Key figures & financial health

Revenue (TTM) $79.2M
Revenue growth (YoY) -9.5%
Net margin -173%
Return on equity -706%
Free cash flow −$141M FY2025
Operating margin -121%
More key figures
EPS (TTM) $-0.9700
Net debt $178M FY2025

Figures from reported company fundamentals · as of Jun 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 33 · Market factors (momentum, volatility) 1

Profitability 13
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
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

ADC Therapeutics SA provides antibody drug conjugate (ADC) technology platform in Switzerland and the United States. Its flagship product includes ZYNLONTA, a CD19-directed ADC, received accelerated approval from the U.S.

Full company description

ADC Therapeutics SA provides antibody drug conjugate (ADC) technology platform in Switzerland and the United States. Its flagship product includes ZYNLONTA, a CD19-directed ADC, received accelerated approval from the U.S. Food and Drug Administration, conditional approval from the European Commission, and conditional approval from the China National Medical Products Administration for the treatment of relapsed or refractory diffuse large B-cell lymphoma (DLBCL) after two or more lines of systemic therapy. The company is also seeking to continue expanding ZYNLONTA into international markets and into earlier lines of DLBCL and indolent lymphomas, including follicular lymphoma (FL) and marginal zone lymphoma (MZL) as a single agent and in combination through its LOTIS-5 confirmatory Phase 3 clinical trial and LOTIS-7 Phase 1b clinical trial, as well as through investigator-initiated trials (IITs). In addition, it is investigating a CD-22 targeted compound' and ADCT-602 that is in a Phase 1/2 IIT in refractory B-cell acute lymphoblastic leukemia. Further, the company's pre-clinical stage pipeline includes a portfolio of next generation investigational ADCs targeting Claudin-6, NaPi2b, PSMA, NaPi2b, and ASCT2. ADC Therapeutics SA was incorporated in 2011 and is headquartered in Epalinges, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ADC Therapeutics SA reported revenue of $81.4M in FY2025 versus $33.9M in FY2021, a compound +24.4%/yr. Reported net income was −$143M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$81.4M
Latest YoY
+14.9%
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.
−27.1%
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.
+61.0%
Revenue +24.4%/yr
FY21 $33.9M
FY22 $210M
FY23 $69.6M
FY24 $70.8M
FY25 $81.4M
Net income
FY21 −$230M
FY22 −$157M
FY23 −$240M
FY24 −$158M
FY25 −$143M

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Cite: Fair Value Calculator (2026). "ADC Therapeutics SA Fair Value". https://www.fairvalue-calculator.com/stock/ADCT

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 34 · Below median
Fair Value upside +20% · Top 25%
Return on assets -23% · Below median
Net margin (TTM) -173% · Bottom 25%
Operating margin (TTM) -121% · Bottom 25%
Revenue growth -10% · Below median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 1.78× · Cheaper than median

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 61 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 23

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Jun 23, 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 ADC Therapeutics SA (ADCT) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of $1.36 versus a price of $1.13, about +20% (undervalued).
What is the fair value of ADCT?
Our model-based fair value for ADC Therapeutics SA is $1.36 (as of Jun 23, 2026), built from audited fundamentals. The current price is $1.13.
What is the quality score of ADCT?
ADC Therapeutics SA has a Quality Score of 34/100. 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 ADC Therapeutics SA (ADCT)?
ADC Therapeutics SA reported trailing-twelve-month revenue of about $79.2M (latest available figure, as of Jun 23, 2026).
What is the net profit margin of ADCT?
The net profit margin of ADC Therapeutics SA is about -173.0%, 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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