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Farmacosmo S.p.A (COSMO) Fair Value & Analysis

Healthcare · IT · Market cap €15.2M

FS Farmacosmo S.p.A COSMO · MI
Price€0.4770
Fair Value€0.1100
Upside-76.9%
Quality37/100
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Expensive Growth
Loss-making · -7.9% net margin
Low debt · negative free cash flow
Trails peers (1/10)
Narrow moat 12/100
Evidence: Low Range €0.0800 – €0.1600 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 22 days ago

Fair value updated Jul 15, 2026, revised from €0.8600 to €0.1100 (−87.2%) since Jun 24, 2026. Share price −4.6% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.1600). The favourable scenario is already priced in.
  • Weak quality (37/100) 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 (€0.0800 to €0.1600) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

€2.59 €0.3810 Fair Value €0.1100 Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

52‑month range €0.3810 – €2.59 · fair‑value band €0.0800 – €0.1600 · the €0.4770 price screens above the €0.1100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Farmacosmo S.p.A (COSMO) currently trades at €0.4770, while our model-based Fair Value estimate is €0.1100, implying the stock looks roughly 76.9% overvalued today. We read business quality at 37/100 (below-average 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: low).

Over the trailing twelve months, Farmacosmo S.p.A generated revenue of €56.1M at a net margin of -7.9%. Revenue declined 10.0% year over year. It earns a return on equity of -57.1%. Fundamentals as of Jul 15, 2026

Our scenario range runs from €0.0800 (bear case) to €0.1600 (bull case); at €0.4770, the current price sits above that range. The share trades about 35% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -14% fair-value upside, at -77%, COSMO 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 BearBaseBull Evidence
Highest evidence
NCAV (Graham) €0.0800 €0.1100 €0.1600 50
All 1 models by family
Asset-Based
NCAV (Graham) €0.0800 €0.1100 €0.1600 50

Key figures & financial health

Revenue (TTM) €56.1M
Revenue growth (YoY) -10.0%
Net margin -7.9%
Return on equity -57.1%
Free cash flow −€2.2M FY2025
Operating margin -12.8%
More key figures
EPS (TTM) €-0.1100

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 38 · Market factors (momentum, volatility) 36

Profitability 39
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 77
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

Farmacosmo S.p.A. operates as an e-commerce platform in the wellness sector in Italy. It offers health and pharmacy, vitamins and supplements, bath and body, haircare, sun and tanning, dental care, fragrance, make up, baby and child, toys, organic and natural, food cupboard, pets, and household products.

Full company description

Farmacosmo S.p.A. operates as an e-commerce platform in the wellness sector in Italy. It offers health and pharmacy, vitamins and supplements, bath and body, haircare, sun and tanning, dental care, fragrance, make up, baby and child, toys, organic and natural, food cupboard, pets, and household products. The company was founded in 2013 and is headquartered in Napoli, Italy.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Farmacosmo S.p.A reported revenue of €55.7M in FY2025 versus €58.0M in FY2021, a compound −1.0%/yr. Reported net income was −€4.4M in FY2025.

Growth Quality 16/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€55.7M
Latest YoY
−11.7%
Avg. growth/yr (3Y)
−5.4%
Avg. growth/yr (5Y)
+4.8%
Avg. growth/yr (6Y)
+14.8%
Revenue −1.0%/yr
FY21 €58.0M
FY22 €65.7M
FY23 €71.2M
FY24 €63.0M
FY25 €55.7M
Net income
FY21 €413K
FY22 −€2.0M
FY23 −€3.2M
FY24 −€3.0M
FY25 −€4.4M

COSMO screens 77% overvalued. Compare with JD Health International Inc →

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Cite: Fair Value Calculator (2026). "Farmacosmo S.p.A Fair Value". https://www.fairvalue-calculator.com/stock/COSMO

Peer Group

Pharmaceutical Retailers · 62 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 37 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -8% · Bottom 25%
Operating margin (TTM) -13% · Bottom 25%
Revenue growth -10% · Bottom 25%
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Pharmaceutical Retailers median · lower = cheaper

P/B 3.21× · Pricier than 75% of peers
P/S (TTM) 0.31× · 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 0 · sector 23
FUTURE 0 · sector 18
PAST 0 · sector 18
HEALTH 87 · sector 97
DIVIDEND 0 · sector 66

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 Pharmaceutical Retailers stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
JD Health International Inc 6618 HK$39.20 HK$33.28 -15%
Raia Drogasil S.A RADL3 R$18.20 R$15.58 -14%
Yifeng Pharmacy Chain Co 603939 ¥20.24 ¥29.07 +44%
DaShenLin Pharmaceutical Group 603233 ¥17.81 ¥23.86 +34%
Corporativo Fragua, S.A. FRAGUAB 463.00 MXN 821.18 MXN +77%
LBX Pharmacy Chain Joint Stock Company 603883 ¥11.51 ¥10.57 -8%
MedPlus Health Services Limited MEDPLUS ₹816.95 ₹393.38 -52%
Yixintang Pharmaceutical Group 002727 ¥11.46 ¥9.45 -18%
Anhui Huaren Health Pharmaceutical Co 301408 ¥14.40 ¥10.05 -30%
Apotea AB APOTEA kr 74.75 kr 43.95 -41%

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Frequently asked questions

Is Farmacosmo S.p.A (COSMO) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €0.1100 versus a price of €0.4770, about −77% (overvalued).
What is the fair value of COSMO?
Our model-based fair value for Farmacosmo S.p.A is €0.1100 (as of Jul 15, 2026), built from audited fundamentals. The current price is €0.4770.
What is the quality score of COSMO?
Farmacosmo S.p.A has a Quality Score of 37/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Farmacosmo S.p.A (COSMO)?
Farmacosmo S.p.A reported trailing-twelve-month revenue of about €56.1M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of COSMO?
The net profit margin of Farmacosmo S.p.A is about -7.9%, 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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