EN DE

Fagron NV (FAGR) Fair Value & Analysis

Healthcare · BE · Market cap €1.6B

FN Fagron NV FAGR · BR
Price€22.55
Fair Value€24.44
Upside+8.4%
Quality60/100
Watch Fagron NV for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 8.9% net margin
Moderate debt · generates free cash flow
1.80% dividend yield
Ranks above peers (10/15)
Moderate moat 52/100
Evidence: High Range €13.70 – €34.13 Share as image

Fair value as of: Aug 6, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 6, 2026, revised from €25.22 to €24.44 (−3.1%) since Jul 17, 2026. Share price −5.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€13.70 to €34.13) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

€25.25 €10.34 Fair Value €24.44 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 €10.34 – €25.25 · fair‑value band €13.70 – €34.13 · the €22.55 price screens below the €24.44 fair value. Dashed = 300-day average. As of Aug 6, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Fagron NV (FAGR) currently trades at €22.55, while our model-based Fair Value estimate is €24.44, implying the stock looks roughly 8.4% fairly valued today. The Quality Score stands at 60/100 (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, Fagron NV generated revenue of €952M at a net margin of 9.6%. Revenue grew 7.6% year over year. It earns a return on equity of 17.2%. Net debt stands at €328M. Fundamentals as of Aug 6, 2026

Our scenario range runs from €13.70 (bear case) to €34.13 (bull case); at €22.55, the current price sits within 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 11% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 8%, FAGR 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 BearBaseBull Evidence
Highest evidence
Growth DCF €11.83 €18.14 €26.25 80
Residual Income €7.34 €9.39 €22.53 76
Rev-Margin DCF €13.27 €23.61 €35.86 74
All 26 models by family
DCF Models
FCF DCF €11.81 €19.24 €29.51 38
Owner Earnings €13.02 €21.06 €32.15 31
5Y Revenue Exit €13.27 €23.68 €37.14 39
5Y EBITDA Exit €17.67 €32.11 €49.28 41
5Y P/E Exit €13.83 €24.75 €36.42 38
10Y Revenue Exit €12.01 €20.89 €33.17 36
10Y EBITDA Exit €15.08 €26.31 €41.82 37
10Y P/E Exit €12.82 €21.58 €32.66 35
Earnings-Based
Graham-Dodd €8.44 €29.51 €39.68 54
Lynch FV €6.87 €9.82 €12.76 50
PEG = 1.0 €6.87 €9.82 €12.76 46
EPV €10.01 €11.79 €13.28 59
Dividend Discount
Gordon GGM €2.75 €4.96 €6.83 70
DDM Multi-Stage €2.75 €4.52 €5.30 61
Multiples
P/E Multiple €20.48 €27.30 €34.13 63
P/S Multiple €15.82 €21.10 €26.37 58
P/B Multiple €15.82 €21.10 €26.37 55
EV/EBIT €22.32 €30.79 €39.26 53
EV/EBITDA €24.48 €33.67 €42.86 54
EV/Revenue €15.04 €22.82 €30.59 43
Asset-Based
NCAV (Graham) €3.76 €5.04 €7.52 50
Growth DCF
Growth DCF €11.83 €18.14 €26.25 80
Rev-Margin DCF €13.27 €23.61 €35.86 74
Economic Profit
Residual Income €7.34 €9.39 €22.53 76
ROIC Compounder €10.56 €13.64 €17.22 72
Growth Earnings
Growth-Adj P/E €17.56 €25.08 €32.60 68

Widest divergence: Growth Earnings (€25.08) versus Dividend Discount (€4.52). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €952M
Revenue growth (YoY) +7.6%
Net margin 9.6%
Return on equity 17.2%
Free cash flow €113M FY2025
P/E ratio 20.0
More key figures
Operating margin 15.1%
EPS (TTM) €1.24
Dividend yield 1.6%
EPS growth (YoY) +12.7%
Net debt €328M FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 62

Profitability 47
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€952M
Latest YoY
+9.2%
Avg. growth/yr (3Y)
+11.7%
Avg. growth/yr (5Y)
+11.4%
Avg. growth/yr (21Y)
+5.9%
Revenue +13.5%/yr
FY21 €574M
FY22 €684M
FY23 €763M
FY24 €872M
FY25 €952M
Net income +10.5%/yr
FY21 €61.0M
FY22 €69.6M
FY23 €70.5M
FY24 €80.6M
FY25 €91.0M

Watch FAGR: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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

Peer Group

Drug Manufacturers - Specialty & Generic · 626 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 60 · Above median
Fair Value upside +8% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.75× · Higher than 75% of peers

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

P/E (TTM) 17.8× · Cheaper than median
P/B 3.42× · Pricier than 75% of peers
P/S (TTM) 1.84× · Cheaper than median
P/FCF 16.7× · Pricier than 75% of peers
EV/EBITDA 12.1× · Pricier than median
PEG 15.84× · 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 45 · sector 7
FUTURE 80 · sector 20
PAST 67 · sector 23
HEALTH 63 · sector 97
DIVIDEND 36 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

Compare Fagron NV with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Fagron NV (FAGR) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €24.44 versus a price of €22.55, about +8% (fairly valued).
What is the fair value of FAGR?
Our model-based fair value for Fagron NV is €24.44 (as of Aug 6, 2026), built from audited fundamentals. The current price is €22.55.
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 revenue of Fagron NV (FAGR)?
Fagron NV reported trailing-twelve-month revenue of about €952M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of FAGR?
The net profit margin of Fagron NV is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.
Does Fagron NV pay a dividend?
Fagron NV currently shows a dividend yield of about 1.64% relative to its recent price (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.

14 days Pro free · no card

Track Fagron NV and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.