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Aelis Farma SA (AELIS) Fair Value & Analysis

Healthcare · FR · Market cap €15.0M · ISIN FR0014007ZB4

What is Aelis Farma SA really worth?

AF Aelis Farma SA AELIS · PA
Price€0.9900
Fair Value€0.2000
Upside−79.8%
Quality32/100

Below-average quality, and trading another 395% above our fair value of €0.2000.

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Risks

!Weak Growth (revenue 5y +12.9 %/yr)
!Thin margins · 0.0% net margin
!Moderate debt · negative free cash flow
!Trails peers (1/10)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range €0.1300 – €0.2500

Fair value as of: Aug 29, 2026

From 1 valuation models · updated 6 days ago

Share price −2.6% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (€0.2500). The favourable scenario is already priced in.
  • Weak quality (32/100) 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 (€0.1300 to €0.2500) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€14.28 €0.7140 Fair Value €0.2000 Feb 2022 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

54‑month range €0.7140 – €14.28 · fair‑value band €0.1300 – €0.2500 · the €0.9900 price screens above the €0.2000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Aelis Farma SA (AELIS) currently trades at €0.9900, while our model-based Fair Value estimate is €0.2000, implying the stock looks roughly 395.0% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Healthcare sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at €2.1M. Revenue declined 17.3% year over year. It earns a return on equity of −88.4%. The balance sheet holds a net cash position of €1.6M. Fundamentals as of Aug 29, 2026

Our scenario range runs from €0.1300 (bear case) to €0.2500 (bull case); at €0.9900, 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 57% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −49% fair-value upside, at −80%, AELIS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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) best evidence €0.1600 €0.2200 €0.3300 53
All 1 models by family
Asset-Based
NCAV (Graham) best evidence €0.1600 €0.2200 €0.3300 53

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Key figures & financial health

P/S ratio 8.24 TTM
EPS (TTM) €−0.4700
Return on equity −88.4% TTM
Return on assets (EBIT) −29.1% avg 5y
Operating margin −173% TTM
Revenue (TTM) €2.1M TTM
More key figures
Growth
Revenue growth (YoY) −17.3% 3y avg −18.2%
Balance sheet & cash flow
Free cash flow −€5.4M FY2025
Net cash €1.6M FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 32/100

Of which business quality 32 · Market factors (momentum, volatility) 32

Profitability 0
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 55
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

Aelis Farma SA, a clinical-stage biopharmaceutical company, focuses on discovering and developing drug candidates for the treatment of central nervous system disorders in France.

Full company description

Aelis Farma SA, a clinical-stage biopharmaceutical company, focuses on discovering and developing drug candidates for the treatment of central nervous system disorders in France. The company is developing signaling-specific inhibitors of the CB1 receptors, such as AEF0117, a drug candidate, which is in Phase 2b clinical trials for the treatment of the harmful effects of excessive cannabis use; and AEF0217, a drug candidate, which is in phase II clinical trials to treat cognitive deficits observed in down syndrome, as well as other cognitive impairments. Aelis Farma SA was incorporated in 2013 and is headquartered in Bordeaux, France.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aelis Farma SA reported revenue of €2.1M in FY2025 versus €9.1M in FY2021, a compound −30.8%/yr. Reported net income was −€6.4M in FY2025.

Growth Quality 28/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€2.1M
Latest YoY
−22.2%
Avg. revenue 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.
−18.2%
Avg. revenue 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.
+12.9%
Avg. revenue 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.
+49.1%
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 −30.8%/yr
FY21 €9.1M
FY22 €3.8M
FY23 €9.1M
FY24 €2.7M
FY25 €2.1M
Net income
FY21 €574K
FY22 −€14.3M
FY23 −€5.1M
FY24 −€7.5M
FY25 −€6.4M

AELIS screens 395% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Aelis Farma SA Fair Value". https://www.fairvalue-calculator.com/stock/AELIS

Peer Group

Biotechnology · 636 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 32 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets −24% · Below median
Net margin (TTM) 0% · Above median
Operating margin (TTM) −173% · Bottom 25%
Revenue growth −17% · Bottom 25%
Debt / equity 0.99× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 3.92× · Pricier than 75% of peers
P/S (TTM) 8.36× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 0
PAST0 · sector 0
HEALTH50 · sector 98
DIVIDEND0 · sector 26

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

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
CSL Limited CSL A$173.88 A$142.22 −18%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
BeOne Medicines AG ONC $362.51 $111.35 −69%
BioNTech SE 22UA €80.60 €52.92 −34%

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Frequently asked questions

Is Aelis Farma SA (AELIS) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of €0.2000 versus a price of €0.9900, about −80% upside (overvalued).
What is the fair value of AELIS?
Our model-based fair value for Aelis Farma SA is €0.2000 (as of Aug 29, 2026), built from audited fundamentals. The current price: €0.9900.
What is the quality score of AELIS?
Aelis Farma SA has a Quality Score of 32/100. 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 Aelis Farma SA (AELIS)?
Aelis Farma SA reported trailing-twelve-month revenue of about €2.1M (latest available figure, as of Aug 29, 2026).
What is the net profit margin of AELIS?
The net profit margin of Aelis Farma SA is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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