Fagron NV (FAGR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Fagron NV €25.57, price €21.75, upside +17.6%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €10.34 – €25.25 · fair‑value band €15.81 – €34.13 · the €21.75 price screens below the €25.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Fagron NV, a pharmaceutical compounding company, delivers personalized pharmaceutical care to hospitals, pharmacies, clinics, patients, and worldwide. It operates through three segments: Essentials, Brands, and Compounding Services.
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Fagron NV, a pharmaceutical compounding company, delivers personalized pharmaceutical care to hospitals, pharmacies, clinics, patients, and worldwide. It operates through three segments: Essentials, Brands, and Compounding Services. The company's products include DiluCap, a line of excipients to compound every capsule formulation; DiluTab, for Cardiology and Primary care application; Imuno TF Complex helps in regulation of immune responses; Pigmerise, a natural phytocomplex for hypopigmentation disorders, such as vitiligo; Pentravan uses for avoiding first-pass metabolism and preventing gastrointestinal erosion; Nourisil MD, a first line therapy for prevention and treatment of scars ang keloids; Neogen, a line of hair care products; TrichoConcept used to treat alopecia; Fagron Advanced Derma for basic skincare, compound pharmaceutical treatment, and individualized dermatological care; SyrSpend SF that provides pharmaceutical stability, dosage consistency, and patient comfort; and Cleoderm, a topical cream used for the compounding of personalized dermatological treatments. It also offers education and professional development of prescribers, hospitals, and pharmacists through the Fagron Academy. The company was formerly known as Arseus NV and changed its name to Fagron NV in January 2015. Fagron NV was founded in 1990 and is based in Nazareth, Belgium.
Stock analysis
Fagron NV (FAGR) currently trades at €21.75, while our model-based Fair Value estimate is €25.57, implying the stock looks roughly 14.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €25.25 per share, and 16 of the 26 models we run sit above the €21.75 price.
Bear case: the Dividend Discount group reads lowest at €4.52, and 10 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: €15.81 (bear) to €34.13 (bull), the price of €21.75 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fagron NV reported revenue of €952M in FY2025 versus €574M in FY2021, a compound +13.5%/yr. Reported net income was €91.0M in FY2025, compounding +10.5%/yr from FY2021.
Key figures
Market cap €1.6B · P/E ratio 17.5 · P/S ratio 1.68 · EPS (TTM) €1.24 · Dividend yield 1.8% · Net margin 9.6% · Return on equity 17.2% · Return on assets (EBIT) 11.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −8% fair-value upside, at 18%, FAGR screens cheaper than that median.
Fair Value models
Bear €15.81Fair Value €25.57Bull €34.13
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.6218 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.4%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.5%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.9% vs 10%, steady
Profit margin 2020 to 2025 ⓘ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.16% → 15%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.1%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +4.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Drug Manufacturers - Specialty & Generic · 611 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+18% · Above median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)9% · Above median
Operating margin (TTM)14% · Above median
Growth and dividend
Revenue growth16% · Top 25%
Dividend yield (TTM)1.8% · Above median
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
P/E (TTM)17.5× · Cheaper than median
P/B3.29× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fagron NV Fair Value". https://www.fairvalue-calculator.com/stock/FAGR
Frequently asked questions
Is Fagron NV (FAGR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €25.57 versus a price of €21.75, about +18% upside (undervalued).
What is the fair value of FAGR?
Our model-based fair value for Fagron NV is €25.57 (as of Sep 24, 2026), built from audited fundamentals. The current price: €21.75.
What is the quality score of FAGR?
Fagron NV has a Quality Score of 60/100. 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 Fagron NV (FAGR)?
Our model-based price target is the fair value of €25.57 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario €15.81, optimistic scenario €34.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Fagron NV stock forecast for 2026?
Our models put fair value at €25.57, about +18% upside versus a price of €21.75 (undervalued). Cautious scenario €15.81, optimistic scenario €34.13. The calculation is refreshed regularly with new filings.
What is the revenue of Fagron NV (FAGR)?
Fagron NV reported trailing-twelve-month revenue of about €952M (latest available figure, as of Sep 24, 2026).
Does Fagron NV pay a dividend?
Fagron NV currently shows a dividend yield of about 1.84% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Fagron NV (FAGR)?
For today's price to be fair in a discounted-cash-flow model, Fagron NV would have to grow free cash flow by +7.0 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FAGR use?
Our models discount Fagron NV at 10.3 %: a base by market capitalisation (small), damped by beta 0.38, country premium for Belgium. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fagron NV that is +7.0 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Fagron NV (FAGR) delivered so far?
Over the past 5 years revenue at Fagron NV grew +11.4 % a year. The price currently implies +7.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fagron NV (FAGR) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Fagron NV (+7.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fagron NV (FAGR)?
The free-cash-flow yield on the price is 7.08 %: that much free cash flow Fagron NV produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fagron NV (FAGR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fagron NV it is €25.57 per share (as of Sep 24, 2026), against a price of €21.75. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Fagron NV stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FAGR trades below its calculated fair value: price €21.75, fair value €25.57, a gap of about +18% (undervalued). 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 FAGR?
No. The price is what the market pays today (€21.75); the fair value is what the company's own numbers justify (€25.57). For Fagron NV the two are €3.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fagron NV worth?
The market values Fagron NV at about €1.6B (market capitalisation, as of Sep 24, 2026). Per share that is €21.75; our models calculate a fair value of €25.57 per share.
What do the bullish and bearish scenarios say about FAGR?
Our models span a range for Fagron NV: cautious scenario €15.81, base €25.57, optimistic €34.13 per share (as of Sep 24, 2026, price €21.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FAGR?
Fagron NV trades at a price-to-earnings ratio of 17.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €25.57 is built from several models across several years. Other multiples: PEG 15.8, P/B 3.3, P/S 1.8, EV/EBITDA 11.7.
What is the PEG ratio of FAGR?
The PEG ratio of Fagron NV is 15.84 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fagron NV (FAGR)?
Balance-sheet figures for Fagron NV (as of Sep 24, 2026): return on equity 16.7%, debt of 0.75 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is FAGR from its 52-week high?
Fagron NV trades at €21.75, about 14% below its 52-week high of €25.25 and 13% above the low of €19.28 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €25.57 is for.
Which stocks are comparable to Fagron NV?
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 Fagron NV stock attractive at the current price?
The data as of Sep 24, 2026: price €21.75, calculated fair value €25.57 (+18%), Quality Score 60/100, from 26 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 FAGR calculated?
We run Fagron NV through 26 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 €25.57, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Fagron NV currently trades 18 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fagron NV (FAGR)?
The closing price on Sep 23, 2026 was €21.75. Our model-based fair value is €25.57, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fagron NV right now?
A fairly wide model range (€15.81 to €34.13) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Fagron NV
How large is the market capitalisation of Fagron NV (FAGR)?
The market capitalisation of Fagron NV is €1.6B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fagron NV (FAGR)?
The price-to-sales ratio of Fagron NV is 1.68 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fagron NV (FAGR)?
Earnings per share at Fagron NV are €1.24 (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fagron NV (FAGR)?
The dividend yield of Fagron NV is 1.8% (payout 32.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fagron NV (FAGR)?
The net margin of Fagron NV is 9.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fagron NV (FAGR)?
The return on equity (ROE) of Fagron NV is 17.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fagron NV (FAGR)?
On an EBIT basis the return on assets of Fagron NV is 11.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fagron NV (FAGR)?
The operating margin of Fagron NV is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fagron NV (FAGR)?
Revenue at Fagron NV is growing +7.6% versus a year earlier (3y avg +11.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fagron NV (FAGR)?
Earnings per share at Fagron NV are growing +12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fagron NV (FAGR) carry?
The net debt of Fagron NV is €328M (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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