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Bioventix PLC (BVXP) Fair Value & Analysis

Healthcare · GB · Market cap 82.3M GBX

BP Bioventix PLC BVXP · LSE
Price£15.75
Fair Value£24.87
Upside+57.9%
Quality87/100
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Mixed Growth
Highly profitable · 59.3% net margin
Low debt · generates free cash flow
9.55% dividend yield
Ranks above peers (9/14)
Wide moat 92/100
Evidence: High Range £15.62 – £34.45 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from £24.84 to £24.87 (+0.1%) since Jul 15, 2026. Share price −5.1% over the past month.

A strong business, screening 58% undervalued on our models.

What matters now

  • The rarer combination: high quality (87/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (£15.62 to £34.45) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£46.08 £13.90 Fair Value £24.87 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range £13.90 – £46.08 · fair‑value band £15.62 – £34.45 · the £15.75 price screens below the £24.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Bioventix PLC (BVXP) currently trades at £15.75, while our model-based Fair Value estimate is £24.87, implying the stock looks roughly 57.9% undervalued today. The Quality Score stands at 87/100 (high 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, Bioventix PLC generated revenue of £12.5M at a net margin of 59.3%. Revenue declined 8.5% year over year. It earns a return on equity of 66.6%. The balance sheet holds a net cash position of £5.1M. Fundamentals as of Jul 16, 2026

Our scenario range runs from £15.62 (bear case) to £34.45 (bull case); at £15.75, 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. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 58%, BVXP 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
Growth DCF £12.51 £17.75 £24.41 80
Residual Income £6.12 £7.48 £29.17 76
Rev-Margin DCF £8.67 £12.38 £16.49 74
All 26 models by family
DCF Models
FCF DCF £12.62 £18.48 £26.39 38
Owner Earnings £13.71 £20.12 £28.75 31
5Y Revenue Exit £8.67 £12.25 £16.72 39
5Y EBITDA Exit £16.14 £26.96 £40.06 41
5Y P/E Exit £18.14 £30.90 £44.94 38
10Y Revenue Exit £10.11 £13.64 £18.33 36
10Y EBITDA Exit £14.40 £22.62 £34.30 37
10Y P/E Exit £15.51 £25.02 £37.64 35
Earnings-Based
Graham-Dodd £9.87 £38.86 £52.76 54
Lynch FV £9.59 £13.70 £17.81 50
PEG = 1.0 £9.59 £13.70 £17.81 46
EPV £10.87 £12.09 £13.07 59
Dividend Discount
Gordon GGM £10.92 £18.30 £23.75 70
DDM Multi-Stage £10.92 £17.36 £19.69 61
Multiples
P/E Multiple £23.95 £31.94 £39.92 63
P/S Multiple £6.59 £8.79 £10.98 58
P/B Multiple £7.46 £9.95 £12.44 55
EV/EBIT £24.93 £32.99 £41.05 53
EV/EBITDA £20.86 £27.55 £34.25 54
EV/Revenue £6.04 £8.30 £10.56 43
Asset-Based
NCAV (Graham) £1.11 £1.48 £2.21 50
Growth DCF
Growth DCF £12.51 £17.75 £24.41 80
Rev-Margin DCF £8.67 £12.38 £16.49 74
Economic Profit
Residual Income £6.12 £7.48 £29.17 76
ROIC Compounder £11.24 £12.90 £14.48 72
Growth Earnings
Growth-Adj P/E £17.54 £25.05 £32.57 68

Widest divergence: Growth Earnings (£25.05) versus Asset-Based (£1.48). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 12.5M GBX
Revenue growth (YoY) -8.5%
Net margin 59.3%
Return on equity 66.6%
Free cash flow 7.0M GBX FY2025
P/E ratio 11.2
More key figures
Operating margin 76.6%
EPS (TTM) £1.41
Dividend yield 9.6%
EPS growth (YoY) -3.9%
Net cash 5.1M GBX FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 87/100

Of which business quality 84 · Market factors (momentum, volatility) 32

Profitability 95
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 81
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

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide.

Full company description

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide. It offers a portfolio of purified SMAs for thyroid, vitamin D, cardiac, drugs of abuse, fertility, oncology, and miscellaneous indications; Pyrene 1-hydroxypyrene glucuronide (HOP-G) ELISA kit to monitor human exposure to industrial pollutants; and Pyrene (HOP-G) lateral flow kits for monitoring of at-risk individuals without laboratory equipment. The company also provides contract SMAs services; and industrial and environmental biomonitoring platform, which reduces the time between sampling and results. Bioventix PLC was incorporated in 2003 and is based in Farnham, United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bioventix PLC reported revenue of £13.1M in FY2025 versus £10.9M in FY2021, a compound +4.7%/yr. Reported net income was £7.6M in FY2025, compounding +3.0%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£13.1M
Latest YoY
−3.6%
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.
+3.8%
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.
+4.9%
Avg. growth/yr (14Y) 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.
+14.5%
Revenue +4.7%/yr
FY21 £10.9M
FY22 £11.7M
FY23 £12.8M
FY24 £13.6M
FY25 £13.1M
Net income +3.0%/yr
FY21 £6.7M
FY22 £7.7M
FY23 £8.4M
FY24 £8.1M
FY25 £7.6M
Character of growth · EPS growth decomposed (2014-2025) +12.8 % p.a.
Revenue per share +12.4 pp

of which total revenue +12.8 pp · buybacks/dilution −0.4 pp

EBIT margin +0.8 pp
Tax rate −0.6 pp
Residual (interest, one-offs) +0.2 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).

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Cite: Fair Value Calculator (2026). "Bioventix PLC Fair Value". https://www.fairvalue-calculator.com/stock/BVXP

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 87 · Top 25%
Fair Value upside +58% · Top 25%
Return on equity (TTM) 67% · Top 25%
Return on assets 47% · Top 25%
Net margin (TTM) 59% · Top 25%
Operating margin (TTM) 77% · Top 25%
Revenue growth -9% · Below median
Dividend yield (TTM) 9.6% · Top 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 11.2× · Cheaper than 75% of peers
P/B 9.61× · Pricier than 75% of peers
P/S (TTM) 8.85× · Pricier than median
P/FCF 15.8× · Pricier than 75% of peers
EV/EBITDA 10.9× · 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 100 · sector 0
FUTURE 0 · sector 0
PAST 100 · sector 0
HEALTH 95 · sector 98
DIVIDEND 100 · sector 23

Insider activity: 45/100

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 16, 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 Bioventix PLC (BVXP) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of £24.87 versus a price of £15.75, about +58% (undervalued).
What is the fair value of BVXP?
Our model-based fair value for Bioventix PLC is £24.87 (as of Jul 16, 2026), built from audited fundamentals. The current price is £15.75.
What is the quality score of BVXP?
Bioventix PLC has a Quality Score of 87/100. 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 Bioventix PLC (BVXP)?
Bioventix PLC reported trailing-twelve-month revenue of about £12.5M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of BVXP?
The net profit margin of Bioventix PLC is about 59.3%, meaning it keeps roughly 59.3% of revenue as net income. Based on the latest reported figures.
Does Bioventix PLC pay a dividend?
Bioventix PLC currently shows a dividend yield of about 8.96% relative to its recent price (as of Jul 16, 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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