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Astellas Pharma Inc (ALPMY) Fair Value & Analysis

Healthcare · US · Market cap $23.8B

AP Astellas Pharma Inc logo Astellas Pharma Inc ALPMY · US
Price$14.79
Fair Value$23.16
Upside+56.6%
Quality74/100
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Healthy Growth
Solidly profitable · 13.6% net margin
Low debt · generates free cash flow
3.70% dividend yield
Ranks above peers (9/11)
Moderate moat 62/100
Evidence: High Range $17.37 – $28.94 Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

Fair value updated Jul 24, 2026, revised from $23.54 to $23.16 (−1.6%) since Jun 25, 2026. Share price +12.4% over the past month.

A solid business, screening 57% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($17.37). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

$16.77 $8.26 Fair Value $23.16 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $8.26 – $16.77 · fair‑value band $17.37 – $28.94 · the $14.79 price screens below the $23.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Astellas Pharma Inc (ALPMY) currently trades at $14.79, while our model-based Fair Value estimate is $23.16, implying the stock looks roughly 56.6% undervalued today. The Quality Score stands at 74/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Astellas Pharma Inc generated revenue of $2.1T at a net margin of 13.6%. Revenue grew 20.7% year over year. It earns a return on equity of 17.4%. The balance sheet holds a net cash position of $35.8B. Fundamentals as of Jul 24, 2026

Our scenario range runs from $17.37 (bear case) to $28.94 (bull case); at $14.79, the current price sits below 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 12% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -25% fair-value upside, at 57%, ALPMY 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 BearBaseBull Evidence
Highest evidence
Growth DCF $22.74 $33.26 $48.14 80
Rev-Margin DCF $17.04 $25.93 $36.02 74
ROIC Compounder $13.25 $16.69 $20.66 72
All 24 models by family
DCF Models
FCF DCF $22.27 $34.00 $51.56 38
Owner Earnings $10.22 $15.64 $23.76 31
5Y Revenue Exit $17.04 $25.73 $36.56 39
5Y EBITDA Exit $17.78 $27.10 $37.69 41
5Y P/E Exit $18.67 $28.74 $39.06 38
10Y Revenue Exit $18.29 $26.61 $37.27 36
10Y EBITDA Exit $19.22 $27.55 $38.12 37
10Y P/E Exit $19.78 $28.68 $39.15 35
Earnings-Based
Graham-Dodd $7.84 $22.65 $29.90 54
Lynch FV $4.68 $6.69 $8.69 50
PEG = 1.0 $4.68 $6.69 $8.69 46
EPV $12.46 $14.56 $16.40 59
Multiples
P/E Multiple $19.02 $25.36 $31.70 63
P/S Multiple $14.70 $19.60 $24.49 58
P/B Multiple $14.70 $19.60 $24.49 55
EV/EBIT $21.02 $28.07 $35.12 53
EV/EBITDA $17.34 $23.16 $28.98 54
EV/Revenue $14.96 $21.43 $27.90 43
Asset-Based
NCAV (Graham) $3.43 $4.59 $6.86 50
Growth DCF
Growth DCF $22.74 $33.26 $48.14 80
Rev-Margin DCF $17.04 $25.93 $36.02 74
Economic Profit
Residual Income $7.58 $9.95 $30.77 61
ROIC Compounder $13.25 $16.69 $20.66 72
Growth Earnings
Growth-Adj P/E $15.27 $21.82 $28.36 68

Widest divergence: DCF Models ($27.10) versus Asset-Based ($4.59). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $2.1T
Revenue growth (YoY) +20.7%
Net margin 13.6%
Return on equity 17.4%
Free cash flow $539B FY2026
P/E ratio 13.2
More key figures
Operating margin 16.5%
EPS (TTM) $1.01
Dividend yield 3.7%
EPS growth (YoY) -2.8%
Net cash $35.8B FY2026

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 73 · Market factors (momentum, volatility) 73

Profitability 62
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 84
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

Astellas Pharma Inc. manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally. The company offers XTANDI, a treatment for prostate cancer; XOSPATA, a treatment for acute myeloid leukemia; VYLOY, a treatment for gastric cancer; and PADCEV, a treatment for patients with metastatic urothelial cancer.

Full company description

Astellas Pharma Inc. manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally. The company offers XTANDI, a treatment for prostate cancer; XOSPATA, a treatment for acute myeloid leukemia; VYLOY, a treatment for gastric cancer; and PADCEV, a treatment for patients with metastatic urothelial cancer. It also provides VEOZAH, a treatment for vasomotor symptoms due to menopause; IZERVAY, a treatment for geographic atrophy secondary to age-related macular degeneration; EVRENZO, a treatment for anemia associated with chronic kidney disease; Betanis/Myrabetriq/BETMIGA, a treatment for overactive bladder; and Prograf, an immunosuppressant. It has a research collaboration with xFOREST Therapeutics to develop RNA-targeted therapies and a partnership agreement with Roche Diabetes Care Japan Co., Ltd. to develop and commercialize an integrated diabetes self-management solution. It offers its products to oncology, ophthalmology, urology, immunology, and women's health areas. The company was formerly known as Yamanouchi Pharmaceutical Co. Ltd. and changed its name to Astellas Pharma Inc. in April 2005. Astellas Pharma Inc. was founded in 1923 and is headquartered in Chuo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Astellas Pharma Inc reported revenue of $2.3T in FY2026 versus $1.3T in FY2022, a compound +15.0%/yr. Reported net income was $309B in FY2026, compounding +25.6%/yr from FY2022.

Growth Quality 97/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$2.3T
Latest YoY
+18.6%
Avg. growth/yr (3Y)
+14.3%
Avg. growth/yr (5Y)
+12.7%
Avg. growth/yr (22Y)
+7.0%
Revenue +15.0%/yr
FY22 $1.3T
FY23 $1.5T
FY24 $1.6T
FY25 $1.9T
FY26 $2.3T
Net income +25.6%/yr
FY22 $124B
FY23 $98.7B
FY24 $17.0B
FY25 $50.7B
FY26 $309B

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Cite: Fair Value Calculator (2026). "Astellas Pharma Inc Fair Value". https://www.fairvalue-calculator.com/stock/ALPMY

Peer Group

Drug Manufacturers - General · 76 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 74 · Top 25%
Fair Value upside +57% · Top 25%
Return on equity (TTM) 17% · Above median
Return on assets 7% · Above median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 17% · Below median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/E (TTM) 13.2× · Cheaper than 75% of peers
P/FCF 0.0× · Cheaper 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 100 · sector 0
FUTURE 100 · sector 24
PAST 70 · sector 50
HEALTH 91 · sector 94
DIVIDEND 74 · sector 46

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 Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,182 $396.77 -66%
Johnson & Johnson, JNJ $257.59 $169.04 -34%
AbbVie Inc ABBV $254.49 $67.72 -73%
Roche Holding 1RO €392.80 €226.68 -42%
Merck & Co MRK €108.08 €121.54 +12%
Novartis AG NVSN 2,742 MXN 2,379 MXN -13%
AstraZeneca PLC AZN $171.61 $129.54 -25%
Novo Nordisk A/S NOVOB kr 329.90 kr 409.46 +24%
Amgen Inc AMGN $363.39 $252.02 -31%
Sanofi SNYN 770.00 MXN 1,251 MXN +63%

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Frequently asked questions

Is Astellas Pharma Inc (ALPMY) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $23.16 versus a price of $14.79, about +57% (undervalued).
What is the fair value of ALPMY?
Our model-based fair value for Astellas Pharma Inc is $23.16 (as of Jul 24, 2026), built from audited fundamentals. The current price is $14.79.
What is the quality score of ALPMY?
Astellas Pharma Inc has a Quality Score of 74/100. 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 Astellas Pharma Inc (ALPMY)?
Astellas Pharma Inc reported trailing-twelve-month revenue of about $2.1T (latest available figure, as of Jul 24, 2026).
What is the net profit margin of ALPMY?
The net profit margin of Astellas Pharma Inc is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does Astellas Pharma Inc pay a dividend?
Astellas Pharma Inc currently shows a dividend yield of about 3.70% relative to its recent price (as of Jul 24, 2026).

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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