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Clinuvel Pharmaceuticals Limited (CUV) Fair Value & Analysis

Healthcare · AU · Market cap A$500M

CP Clinuvel Pharmaceuticals Limited CUV · AU
PriceA$9.62
Fair ValueA$15.78
Upside+64.0%
Quality66/100
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Mixed Growth
Highly profitable · 33.8% net margin
generates free cash flow
0.49% dividend yield
Ranks above peers (12/14)
Wide moat 76/100
Evidence: High Range A$11.84 – A$19.73 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 24 days ago

Share price −6.3% over the past month.

A solid business, screening 64% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (A$11.84). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

A$43.02 A$8.72 Fair Value A$15.78 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$8.72 – A$43.02 · fair‑value band A$11.84 – A$19.73 · the A$9.62 price screens below the A$15.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Clinuvel Pharmaceuticals Limited (CUV) currently trades at A$9.62, while our model-based Fair Value estimate is A$15.78, implying the stock looks roughly 64.0% undervalued today. The Quality Score stands at 66/100 (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, Clinuvel Pharmaceuticals Limited generated revenue of A$96.3M at a net margin of 33.8%. Revenue grew 3.6% year over year. It earns a return on equity of 14.0%. The balance sheet holds a net cash position of A$224M. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$11.84 (bear case) to A$19.73 (bull case); at A$9.62, 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 31% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 64%, CUV 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
Residual Income A$4.48 A$5.65 A$14.84 76
Growth DCF A$14.76 A$22.28 A$34.08 72
Gordon GGM A$0.3900 A$0.7000 A$0.9600 70
All 26 models by family
DCF Models
FCF DCF A$15.46 A$20.52 A$35.65 38
Owner Earnings A$13.81 A$23.85 A$42.49 31
5Y Revenue Exit A$10.91 A$14.51 A$21.96 39
5Y EBITDA Exit A$14.73 A$22.22 A$36.90 41
5Y P/E Exit A$16.15 A$30.23 A$49.35 38
10Y Revenue Exit A$12.33 A$19.09 A$22.60 36
10Y EBITDA Exit A$15.02 A$26.58 A$46.32 37
10Y P/E Exit A$15.98 A$29.39 A$51.24 35
Earnings-Based
Graham-Dodd A$4.88 A$34.02 A$47.74 54
Lynch FV A$17.57 A$25.11 A$32.64 50
PEG = 1.0 A$17.57 A$25.11 A$32.64 46
EPV A$9.26 A$9.92 A$10.46 59
Dividend Discount
Gordon GGM A$0.3900 A$0.7000 A$0.9600 70
DDM Multi-Stage A$0.3900 A$0.6400 A$0.7400 61
Multiples
P/E Multiple A$11.84 A$15.78 A$19.73 63
P/S Multiple A$4.95 A$6.59 A$8.24 58
P/B Multiple A$9.15 A$12.19 A$15.24 55
EV/EBIT A$16.01 A$19.86 A$23.72 53
EV/EBITDA A$14.21 A$17.47 A$20.72 54
EV/Revenue A$8.40 A$10.10 A$11.79 43
Asset-Based
NCAV (Graham) A$2.39 A$3.20 A$4.78 50
Growth DCF
Growth DCF A$14.76 A$22.28 A$34.08 72
Rev-Margin DCF A$11.51 A$15.97 A$25.38 67
Economic Profit
Residual Income A$4.48 A$5.65 A$14.84 76
ROIC Compounder A$9.62 A$10.81 A$12.03 67
Growth Earnings
Growth-Adj P/E A$23.33 A$33.33 A$43.32 68

Widest divergence: Growth Earnings (A$33.33) versus Dividend Discount (A$0.6400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$96.3M
Revenue growth (YoY) +3.6%
Net margin 33.8%
Return on equity 14.0%
Free cash flow A$40.8M FY2025
P/E ratio 15.5
More key figures
Operating margin 36.6%
EPS (TTM) A$0.6400
Dividend yield 0.5%
EPS growth (YoY) -26.3%
Net cash A$224M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 69 · Market factors (momentum, volatility) 36

Profitability 61
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 93
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

Clinuvel Pharmaceuticals Limited, a biopharmaceutical company, focuses on developing and commercializing treatments for patients with genetic, metabolic, systemic, and life-threatening disorders in Australia, Europe, the United States, Switzerland, and internationally.

Full company description

Clinuvel Pharmaceuticals Limited, a biopharmaceutical company, focuses on developing and commercializing treatments for patients with genetic, metabolic, systemic, and life-threatening disorders in Australia, Europe, the United States, Switzerland, and internationally. Its lead drug candidate is SCENESSE, a systemic photoprotective drug for the prevention of phototoxicity in adult patients with erythropoietic protoporphyria (EPP). The company's pipeline products include CUV9900, an alpha-melanocyte stimulating hormone analogue; and PRÉNUMBRA, a liquid injectable formulation of afamelanotide. It is also developing NEURACTHEL (ACTH), an adrenocorticotropic hormone for targeting neurological, endocrinological, and degenerative disorders; and pharmaceutical formulations melanocortin technology for the treatment of a range of disorders. In addition, the company provides photocosmetic products for individuals and populations at risk of exposure to ultraviolet and high energy visible light, and in need of assistance in DNA repair and melanogenesis of the skin. The company was incorporated in 1999 and is headquartered in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Clinuvel Pharmaceuticals Limited reported revenue of A$95.0M in FY2025 versus A$48.0M in FY2021, a compound +18.6%/yr. Reported net income was A$36.2M in FY2025, compounding +10.0%/yr from FY2021.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$95.0M
Latest YoY
+7.8%
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.
+13.1%
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.
+23.9%
Avg. growth/yr (25Y) 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.
+29.8%
Revenue +18.6%/yr
FY21 A$48.0M
FY22 A$65.7M
FY23 A$78.3M
FY24 A$88.2M
FY25 A$95.0M
Net income +10.0%/yr
FY21 A$24.7M
FY22 A$20.9M
FY23 A$30.6M
FY24 A$35.6M
FY25 A$36.2M

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Cite: Fair Value Calculator (2026). "Clinuvel Pharmaceuticals Limited Fair Value". https://www.fairvalue-calculator.com/stock/CUV

Peer Group

Biotechnology · 606 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 66 · Top 25%
Fair Value upside +64% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 34% · Top 25%
Operating margin (TTM) 37% · Top 25%
Revenue growth 4% · Above median
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 15.5× · Cheaper than median
P/B 1.47× · Cheaper than median
P/S (TTM) 3.67× · Cheaper than median
P/FCF 8.7× · Pricier than median
EV/EBITDA 3.0× · Cheaper than 75% of peers
PEG 0.65× · 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 18 · sector 0
PAST 56 · sector 0
HEALTH 0 · sector 98
DIVIDEND 10 · sector 23

Insider activity: 30/100

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 17, 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 Clinuvel Pharmaceuticals Limited (CUV) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$15.78 versus a price of A$9.62, about +64% (undervalued).
What is the fair value of CUV?
Our model-based fair value for Clinuvel Pharmaceuticals Limited is A$15.78 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$9.62.
What is the quality score of CUV?
Clinuvel Pharmaceuticals Limited has a Quality Score of 66/100. 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 Clinuvel Pharmaceuticals Limited (CUV)?
Clinuvel Pharmaceuticals Limited reported trailing-twelve-month revenue of about A$96.3M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of CUV?
The net profit margin of Clinuvel Pharmaceuticals Limited is about 33.8%, meaning it keeps roughly 33.8% of revenue as net income. Based on the latest reported figures.
Does Clinuvel Pharmaceuticals Limited pay a dividend?
Clinuvel Pharmaceuticals Limited currently shows a dividend yield of about 0.56% relative to its recent price (as of Jul 17, 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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