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Celyad Oncology SA (CYAD) Fair Value & Analysis

Healthcare · BE · Market cap €11.6M

CO Celyad Oncology SA CYAD · BR
Price€0.2560
Fair Value€0.3485
Upside+36.1%
Quality54/100
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Mixed Growth
Low debt · negative free cash flow
Ranks above peers (5/8)
Narrow moat 43/100
Evidence: Medium Range €0.2635 – €0.9520 Share as image

Fair value as of: Aug 6, 2026

From 8 valuation models · updated 5 days ago

Share price +15.3% over the past month.

A solid business, screening 36% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€0.2635). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (€0.2635 to €0.9520). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (54/100) 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)

€4.60 €0.1680 Fair Value €0.3485 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €0.1680 – €4.60 · fair‑value band €0.2635 – €0.9520 · the €0.2560 price screens below the €0.3485 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Celyad Oncology SA (CYAD) currently trades at €0.2560, while our model-based Fair Value estimate is €0.3485, implying the stock looks roughly 36.1% undervalued today. The Quality Score stands at 54/100 (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: medium), always confirm before acting.

Trailing-twelve-month revenue stands at €21.0K. It earns a return on equity of 56.3%. The balance sheet holds a net cash position of €1.7M. The stock trades on a trailing P/E of 13.1. Fundamentals as of Aug 6, 2026

Our scenario range runs from €0.2635 (bear case) to €0.9520 (bull case); at €0.2560, 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 61% below its 52-week high and 60% 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 36%, CYAD 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-Adj P/E €0.6000 €0.8600 €1.12 68
P/E Multiple €0.3100 €0.4100 €0.5100 63
Residual Income €0.1000 €0.1400 €0.9300 61
All 8 models by family
Earnings-Based
Graham-Dodd €0.1300 €0.8800 €1.23 54
Lynch FV €0.4500 €0.6500 €0.8400 50
PEG = 1.0 €0.4500 €0.6500 €0.8400 46
Multiples
P/E Multiple €0.3100 €0.4100 €0.5100 63
P/B Multiple €0.1800 €0.2400 €0.3100 55
Asset-Based
NCAV (Graham) €0.0300 €0.0400 €0.0500 50
Economic Profit
Residual Income €0.1000 €0.1400 €0.9300 61
Growth Earnings
Growth-Adj P/E €0.6000 €0.8600 €1.12 68

Widest divergence: Growth Earnings (€0.8600) versus Asset-Based (€0.0400). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) €21.0K
Revenue growth (YoY) -95.9%
Net margin 3,952%
Return on equity 56.3%
Free cash flow −€6.9M FY2025
P/E ratio 13.1
More key figures
Operating margin 30,414%
EPS (TTM) €0.0200
Net cash €1.7M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 25

Profitability 76
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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.

About the company

Celyad Oncology SA, a biotechnology company, focuses on unlocking the potential of its intellectual property. Its portfolio comprises multiple foundational US patents focused on TCR-deficient T cell compositions, and it broadly covers allogeneic CAR T cell therapies.

Full company description

Celyad Oncology SA, a biotechnology company, focuses on unlocking the potential of its intellectual property. Its portfolio comprises multiple foundational US patents focused on TCR-deficient T cell compositions, and it broadly covers allogeneic CAR T cell therapies. The company was formerly known as Celyad SA and changed its name to Celyad Oncology SA in June 2020. Celyad Oncology SA was founded in 2004 and is headquartered in Mont-Saint-Guibert, Belgium.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Celyad Oncology SA reported revenue of €21.0K in FY2025 versus €0 in FY2021. Reported net income was €830K in FY2025.

Growth Quality 52/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€21.0K
Latest YoY
−88.7%
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.
+33.2%
Avg. growth/yr (15Y) 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.
−24.8%
Revenue
FY21 €0
FY22 €0
FY23 €102K
FY24 €186K
FY25 €21.0K
Net income
FY21 −€26.5M
FY22 −€40.9M
FY23 −€8.4M
FY24 −€5.8M
FY25 €830K

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Cite: Fair Value Calculator (2026). "Celyad Oncology SA Fair Value". https://www.fairvalue-calculator.com/stock/CYAD

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 54 · Above median
Fair Value upside +36% · Top 25%
Return on equity (TTM) 56% · Top 25%
Return on assets -13% · Below median
Revenue growth -96% · Bottom 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 13.0× · Cheaper than 75% of peers
P/B 5.52× · 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 81 · sector 0
FUTURE 0 · sector 0
PAST 100 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 23

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 Aug 6, 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 Celyad Oncology SA (CYAD) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €0.3485 versus a price of €0.2560, about +36% (undervalued).
What is the fair value of CYAD?
Our model-based fair value for Celyad Oncology SA is €0.3485 (as of Aug 6, 2026), built from audited fundamentals. The current price is €0.2560.
What is the quality score of CYAD?
Celyad Oncology SA has a Quality Score of 54/100. 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 Celyad Oncology SA (CYAD)?
Celyad Oncology SA reported trailing-twelve-month revenue of about €21.0K (latest available figure, as of Aug 6, 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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