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Animalcare Group (ANCR) Fair Value & Analysis

Healthcare · GB · Market cap 230M GBX

AG Animalcare Group ANCR · LSE
Price£3.34
Fair Value£1.38
Upside-58.7%
Quality53/100
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Healthy Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
0.66% dividend yield
Trails peers (1/14)
Narrow moat 36/100
Evidence: High Range £1.02 – £1.72 Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 28 days ago

Share price +0.3% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£1.72). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

£3.83 £1.38 Fair Value £1.38 May 2021 Jul 2026

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

How to read this chart

60‑month range £1.38 – £3.83 · fair‑value band £1.02 – £1.72 · the £3.34 price screens above the £1.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Animalcare Group (ANCR) currently trades at £3.34, while our model-based Fair Value estimate is £1.38, implying the stock looks roughly 58.7% overvalued today. The Quality Score stands at 53/100 (solid 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: high).

Over the trailing twelve months, Animalcare Group generated revenue of £89.1M at a net margin of 5.7%. Revenue grew 21.5% year over year. It earns a return on equity of 4.5%. Net debt stands at £12.3M. Fundamentals as of Jul 13, 2026

Our scenario range runs from £1.02 (bear case) to £1.72 (bull case); at £3.34, 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. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -59%, ANCR screens richer 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
Growth DCF £1.40 £2.41 £3.71 80
Residual Income £1.14 £1.12 £0.9300 76
Rev-Margin DCF £1.09 £1.91 £3.04 74
All 26 models by family
DCF Models
FCF DCF £1.45 £2.47 £4.40 38
Owner Earnings £1.95 £3.46 £5.83 31
5Y Revenue Exit £1.09 £1.93 £3.08 39
5Y EBITDA Exit £1.93 £3.76 £6.16 41
5Y P/E Exit £1.19 £2.13 £3.25 38
10Y Revenue Exit £1.19 £1.98 £3.24 36
10Y EBITDA Exit £1.70 £3.17 £5.57 37
10Y P/E Exit £1.27 £2.11 £3.36 35
Earnings-Based
Graham-Dodd £0.5000 £2.81 £3.91 54
Lynch FV £0.7900 £1.13 £1.46 50
PEG = 1.0 £0.7900 £1.13 £1.46 46
EPV £0.5400 £0.6100 £0.6800 59
Dividend Discount
Gordon GGM £0.3600 £0.6100 £0.7900 70
DDM Multi-Stage £0.3600 £0.5700 £0.6500 61
Multiples
P/E Multiple £1.21 £1.62 £2.02 63
P/S Multiple £0.9400 £1.25 £1.56 58
P/B Multiple £0.9400 £1.25 £1.56 55
EV/EBIT £1.27 £1.73 £2.19 53
EV/EBITDA £2.44 £3.28 £4.13 54
EV/Revenue £0.8800 £1.30 £1.72 43
Asset-Based
NCAV (Graham) £0.8300 £1.11 £1.66 50
Growth DCF
Growth DCF £1.40 £2.41 £3.71 80
Rev-Margin DCF £1.09 £1.91 £3.04 74
Economic Profit
Residual Income £1.14 £1.12 £0.9300 76
ROIC Compounder £0.5400 £0.6100 £0.6800 72
Growth Earnings
Growth-Adj P/E £1.21 £1.72 £2.24 68

Widest divergence: DCF Models (£2.13) versus Dividend Discount (£0.5700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 89.1M GBX
Revenue growth (YoY) +21.5%
Net margin 5.7%
Return on equity 4.5%
Free cash flow 10.7M GBX FY2025
P/E ratio 47.6
More key figures
Operating margin 4.8%
EPS (TTM) £0.0700
Dividend yield 0.7%
EPS growth (YoY) -84.8%
Net debt 12.3M GBX FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 56 · Market factors (momentum, volatility) 66

Profitability 36
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 18
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

Animalcare Group plc develops, sells, and distributes licensed veterinary pharmaceuticals for the companion animal, production animal, and equine veterinary markets in Europe, the Asia-Pacific, and internationally. It operates through Animalcare Europe and Randlab segments.

Full company description

Animalcare Group plc develops, sells, and distributes licensed veterinary pharmaceuticals for the companion animal, production animal, and equine veterinary markets in Europe, the Asia-Pacific, and internationally. It operates through Animalcare Europe and Randlab segments. The company offers Orozyme, an enzymatic toothpaste for dental care in cats and dogs; Danilon, an oral treatment for pain in horses; Dinalgen, an injectable treatment for pain in cattle, pigs, and horses; Aqupharm, a dehydration treatment for cats, dogs, cattle, goats, horses, pigs, rabbits, and sheep; Ulcershield, a treatment and prevention of gastric ulcers in horses; Daxocox, a treatment of osteoarthritis pain and inflammation in dogs; Plaqtiv+, a biofilm-based dental care for cats and dogs; Thiamacare, a treatment for hyperthyroidism in cats; Hemo, an injectable nutritional solution for horses; and Cosequin, a complementary feed for dogs and cats to strengthen and protect joints. It also provides nutritional supplements for the equine market; and professional support services to equine veterinarians. The company exports its products to approximately 45 countries. It has a collaboration with 272Bio to develop and commercialize a novel biological treatment for equine sweet itch. Animalcare Group plc is based in York, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Animalcare Group reported revenue of £89.1M in FY2025 versus £74.0M in FY2021, a compound +4.7%/yr. Reported net income was £5.1M in FY2025.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£89.1M
Latest YoY
+20.0%
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.
+7.6%
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.
+4.8%
Avg. growth/yr (20Y) 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.
+13.1%
Revenue +4.7%/yr
FY21 £74.0M
FY22 £71.6M
FY23 £74.4M
FY24 £74.2M
FY25 £89.1M
Net income
FY21 −£77.0K
FY22 £2.0M
FY23 £1.2M
FY24 £32.2M
FY25 £5.1M
Character of growth · EPS growth decomposed (2014-2025) +19.5 % p.a.
Revenue per share +20.7 pp

of which total revenue +21.5 pp · buybacks/dilution −0.8 pp

EBIT margin −11.7 pp
Tax rate +0.8 pp
Residual (interest, one-offs) +9.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ANCR screens 59% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Animalcare Group Fair Value". https://www.fairvalue-calculator.com/stock/ANCR

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 53 · Below median
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 6% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 47.6× · Pricier than 75% of peers
P/B 2.71× · Pricier than median
P/S (TTM) 3.49× · Pricier than median
P/FCF 29.1× · Pricier than 75% of peers
EV/EBITDA 24.7× · 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 6
FUTURE 100 · sector 20
PAST 18 · sector 24
HEALTH 96 · sector 97
DIVIDEND 13 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Animalcare Group (ANCR) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of £1.38 versus a price of £3.34, about −59% (overvalued).
What is the fair value of ANCR?
Our model-based fair value for Animalcare Group is £1.38 (as of Jul 13, 2026), built from audited fundamentals. The current price is £3.34.
What is the quality score of ANCR?
Animalcare Group has a Quality Score of 53/100. 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 Animalcare Group (ANCR)?
Animalcare Group reported trailing-twelve-month revenue of about £89.1M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ANCR?
The net profit margin of Animalcare Group is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. 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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