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Data-driven stock valuation

CURATIS N AG (CURN) fair value: what the stock is really worth

We calculate from audited financials what CURATIS N AG is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Healthcare · CH · Market cap CHF 121M · ISIN CH1330780979

At a glance

CN CURATIS N AG CURN · SW
PriceCHF 20.00
Fair ValueCHF 4.95
Upside−75.3%
Quality29/100

Below-average quality, and trading another 304% above our fair value of CHF 4.95.

As of Jul 18, 2026, the fair value of CURATIS N AG is CHF 4.95 per share against a price of CHF 20.00, so the fair value sits 75% below the price. A model estimate from reported figures, not an analyst target.

!Mixed Growth (revenue 5y +21.3 %/yr)
!Loss-making · -13.1% net margin
!Low debt · negative free cash flow
!Trails peers (2/10)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range CHF 3.70 to CHF 7.39

Fair value as of: Jul 18, 2026

From 1 valuation models · updated 54 days ago

Share price −1.5% over the past month.

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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 (CHF 7.39). The favourable scenario is already priced in.
  • Weak quality (29/100) 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 (CHF 3.70 to CHF 7.39) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

CHF 555.52 CHF 0.8960 Fair Value CHF 4.95 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range CHF 0.8960 – CHF 555.52 · fair‑value band CHF 3.70 – CHF 7.39 · the CHF 20.00 price screens above the CHF 4.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

CURATIS N AG (CURN) currently trades at CHF 20.00, while our model-based Fair Value estimate is CHF 4.95, implying the stock looks roughly 304.4% overvalued today. The Quality Score stands at 29/100 (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.

Over the trailing twelve months, CURATIS N AG generated revenue of CHF 10.8M at a net margin of −13.1%. Revenue grew 13.0% year over year. It earns a return on equity of −3.1%. The balance sheet holds a net cash position of CHF 1.9M. Fundamentals as of Jul 18, 2026

Scenario range: CHF 3.70 (bear) to CHF 7.39 (bull), the price of CHF 20.00 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 28% below its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −45% fair-value upside, at −75%, CURN screens richer than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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 CHF 4.35 CHF 5.82 CHF 8.69 54
All 1 models by family
Asset-Based
NCAV (Graham) best evidence CHF 4.35 CHF 5.82 CHF 8.69 54

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Key figures & financial health

P/S ratio 11.2 TTM
EPS (TTM) CHF −0.2800
Net margin −13.1% FY2025
Return on equity −3.1% TTM
Return on assets (EBIT) −2,831% avg 5y
Operating margin −4.6% TTM
More key figures
Growth
Revenue (TTM) CHF 10.8M TTM
Revenue growth (YoY) +13.0%
Balance sheet & cash flow
Free cash flow −CHF 2.5M FY2025
Net cash CHF 1.9M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 32 · Market factors (momentum, volatility) 62

Profitability 6
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 0
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

Curatis Holding AG engages in the acquisition, development, and commercialization of medicines for the prevention, diagnosis, and treatment of rare and specialty care diseases.

Full company description

Curatis Holding AG engages in the acquisition, development, and commercialization of medicines for the prevention, diagnosis, and treatment of rare and specialty care diseases. It offers its products in the areas of fentanyl, breakthrough pain, antiplatelet, metastatic hormone receptor-positive breast cancer, anti-arrhythmic, nasal oil, wilson's disease, cyanide poisoning, digoxin toxicity, antihypotensive, bladder pain syndrome/intersticial cystitis, antibioticum, diagnostic ophthalmology, antiviral, ophtalmic/ antibioticum, gentamycin collagen sponge, benign prostatic hyperplasia, immunomodulator, epilepsy and essential tremor, thyreostatic, hereditary tyrosinemia type 1, nootropic, tranquilizer, helicobacter pylori test, phosphate binder, special nutrition for dialysis patients, dermato corticosteroid, lead and mercury poisoning, corticostimulin, anti-fog agent, chorea associated with huntington's disease, and antiepileptic. The company also develops C-PTBE-01, which is in Phase IIb clinical trial for the treatment of peritumoral brain edema; C-AM-01 that is in Phase IIa clinical trial for the prevention of severe migraine with aura; C-MOH-01, which is in Phase IIa clinical trial for the treatment and prevention of medication overuse headache; and C-FI-01 that is in phase I clinical trial for the treatment of fibrotic or inflammatory orphan or ultra-orphan diseases. The company was founded in 2002 and is based in Liestal, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CURATIS N AG reported revenue of CHF 10.8M in FY2025 versus CHF 0 in FY2021. Reported net income was −CHF 1.4M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 10.8M
Latest YoY
+56.6%
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.
+21.3%
Avg. revenue growth/yr (23Y) 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.
−0.1%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.0% (2020) → −14.3% (2025)
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
FY21 CHF 0
FY22 CHF 0
FY23 CHF 0
FY24 CHF 6.9M
FY25 CHF 10.8M
Net income
FY21 CHF 137K
FY22 −CHF 34.7M
FY23 −CHF 49.4M
FY24 −CHF 4.3M
FY25 −CHF 1.4M

CURN screens 304% overvalued. Compare with Merck KGaA →

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Cite: Fair Value Calculator (2026). "CURATIS N AG Fair Value". https://www.fairvalue-calculator.com/stock/CURN.SW

Peer Group

Drug Manufacturers - Specialty & Generic · 613 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.

Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −13% · Bottom 25%
Operating margin (TTM) −5% · Bottom 25%
Growth and dividend
Revenue growth 13% · Above median

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

P/B 3.24× · Pricier than median
P/S (TTM) 13.82× · Priciest 25%

Context: sector, industry, market

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 3
FUTURE65 · sector 22
PAST0 · sector 25
HEALTH100 · sector 97
DIVIDEND0 · sector 29

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Merck KGaA MRK €135.85 €106.48 −22%
Takeda Pharmaceutical Company TAK $18.45 $11.64 −37%
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 −52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,899 ₹989.50 −48%
Galderma Group GALD CHF 178.55 CHF 55.07 −69%
Haleon plc HLN $10.11 $7.64 −24%
Teva Pharmaceutical Industries Limited TEVA $36.76 $15.33 −58%
Sandoz Group SDZ CHF 70.66 CHF 39.21 −45%
Zoetis Inc ZTS $73.56 $104.88 +43%
Hansoh Pharmaceutical Group 3692 HK$35.12 HK$16.18 −54%

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Frequently asked questions

Is CURATIS N AG (CURN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of CHF 4.95 versus a price of CHF 20.00, about −75% upside (overvalued).
What is the fair value of CURN?
Our model-based fair value for CURATIS N AG is CHF 4.95 (as of Jul 18, 2026), built from audited fundamentals. The current price: CHF 20.00.
What is the quality score of CURN?
CURATIS N AG has a Quality Score of 29/100. 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 price target for CURATIS N AG (CURN)?
Our model-based price target is the fair value of CHF 4.95 (as of Jul 18, 2026) from 1 valuation models. Cautious scenario CHF 3.70, optimistic scenario CHF 7.39. It is a calculation from audited fundamentals, not an analyst target.
What is the CURATIS N AG stock forecast for 2026?
Our models put fair value at CHF 4.95, about −75% upside versus a price of CHF 20.00 (overvalued). Cautious scenario CHF 3.70, optimistic scenario CHF 7.39. The calculation is refreshed regularly with new filings.
What is the revenue of CURATIS N AG (CURN)?
CURATIS N AG reported trailing-twelve-month revenue of about CHF 10.8M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of CURN?
The net profit margin of CURATIS N AG is about −13.1%, meaning it is currently running at a net loss. Based on the latest reported figures.
What is the intrinsic value of CURATIS N AG (CURN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CURATIS N AG it is CHF 4.95 per share (as of Jul 18, 2026), against a price of CHF 20.00. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is CURATIS N AG stock overvalued or undervalued in 2026?
As of Jul 18, 2026, CURN trades above its calculated fair value: price CHF 20.00, fair value CHF 4.95, a gap of about −75% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CURN?
No. The price is what the market pays today (CHF 20.00); the fair value is what the company's own numbers justify (CHF 4.95). For CURATIS N AG the two are CHF 15.05 per share apart. That gap is exactly why we show both numbers side by side.
How much is CURATIS N AG worth?
The market values CURATIS N AG at about CHF 121M (market capitalisation, as of Jul 18, 2026). Per share that is CHF 20.00; our models calculate a fair value of CHF 4.95 per share.
What do the bullish and bearish scenarios say about CURN?
Our models span a range for CURATIS N AG: cautious scenario CHF 3.70, base CHF 4.95, optimistic CHF 7.39 per share (as of Jul 18, 2026, price CHF 20.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CURATIS N AG (CURN)?
Balance-sheet figures for CURATIS N AG (as of Jul 18, 2026): return on equity −3.1%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is CURN from its 52-week high?
CURATIS N AG trades at CHF 20.00, about 28% below its 52-week high of CHF 27.90 and 99% above the low of CHF 10.05 (as of Jul 18, 2026). Distance from the high says nothing about value: that is what the fair value of CHF 4.95 is for.
Which stocks are comparable to CURATIS N AG?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Jiangsu Hengrui Pharmaceuticals Co, Sun Pharmaceutical Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CURATIS N AG stock attractive at the current price?
The data as of Jul 18, 2026: price CHF 20.00, calculated fair value CHF 4.95 (−75%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CURN calculated?
We run CURATIS N AG through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of CHF 4.95, with the spread shown as a cautious and an optimistic scenario.
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