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Galenica AG (GALE) Fair Value & Analysis

Healthcare · CH · Market cap CHF 4.3B

GA Galenica AG GALE · SW
PriceCHF 82.20
Fair ValueCHF 61.79
Upside-24.8%
Quality60/100
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Healthy Growth
Thin margins · 4.4% net margin
Low debt · generates free cash flow
2.87% dividend yield
Mixed vs. peers (7/14)
Narrow moat 42/100
Evidence: High Range CHF 46.34 – CHF 77.24 Share as image

Fair value as of: Jul 15, 2026

From 25 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from CHF 75.00 to CHF 61.79 (−17.6%) since Jun 24, 2026. Share price −4.7% over the past month.

A solid business, but screening 25% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 77.24). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 101.34 CHF 57.16 Fair Value CHF 61.79 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range CHF 57.16 – CHF 101.34 · fair‑value band CHF 46.34 – CHF 77.24 · the CHF 82.20 price screens above the CHF 61.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Galenica AG (GALE) currently trades at CHF 82.20, while our model-based Fair Value estimate is CHF 61.79, implying the stock looks roughly 24.8% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Galenica AG generated revenue of CHF 4.1B at a net margin of 4.4%. Revenue grew 5.8% year over year. It earns a return on equity of 12.1%. Net debt stands at CHF 945M. Fundamentals as of Jul 15, 2026

Our scenario range runs from CHF 46.34 (bear case) to CHF 77.24 (bull case); at CHF 82.20, the current price sits above 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 19% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 33% fair-value upside, at -25%, GALE screens richer 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 CHF 47.08 CHF 68.30 CHF 96.03 80
Residual Income CHF 27.40 CHF 31.65 CHF 52.21 76
Rev-Margin DCF CHF 34.88 CHF 55.92 CHF 78.64 74
All 25 models by family
DCF Models
FCF DCF CHF 45.66 CHF 68.65 CHF 100.03 38
Owner Earnings CHF 45.20 CHF 67.99 CHF 99.12 31
5Y Revenue Exit CHF 34.88 CHF 55.15 CHF 79.82 39
5Y EBITDA Exit CHF 50.08 CHF 82.17 CHF 117.89 41
5Y P/E Exit CHF 43.81 CHF 71.02 CHF 98.00 38
10Y Revenue Exit CHF 37.44 CHF 56.04 CHF 78.57 36
10Y EBITDA Exit CHF 47.84 CHF 73.89 CHF 105.68 37
10Y P/E Exit CHF 44.01 CHF 66.52 CHF 91.52 35
Earnings-Based
Graham-Dodd CHF 24.72 CHF 57.93 CHF 74.53 54
PEG = 1.0 CHF 9.92 CHF 14.18 CHF 18.43 46
EPV CHF 23.87 CHF 29.18 CHF 33.76 59
Dividend Discount
Gordon GGM CHF 20.29 CHF 33.81 CHF 49.24 70
DDM Multi-Stage CHF 20.29 CHF 29.53 CHF 39.34 61
Multiples
P/E Multiple CHF 59.97 CHF 79.96 CHF 99.96 63
P/S Multiple CHF 46.34 CHF 61.79 CHF 77.24 58
P/B Multiple CHF 46.34 CHF 61.79 CHF 77.24 55
EV/EBIT CHF 47.25 CHF 66.26 CHF 85.26 53
EV/EBITDA CHF 61.72 CHF 85.55 CHF 109.38 54
EV/Revenue CHF 30.93 CHF 48.37 CHF 65.81 43
Asset-Based
NCAV (Graham) CHF 14.87 CHF 19.93 CHF 29.74 50
Growth DCF
Growth DCF CHF 47.08 CHF 68.30 CHF 96.03 80
Rev-Margin DCF CHF 34.88 CHF 55.92 CHF 78.64 74
Economic Profit
Residual Income CHF 27.40 CHF 31.65 CHF 52.21 76
ROIC Compounder CHF 23.87 CHF 29.18 CHF 36.13 72
Growth Earnings
Growth-Adj P/E CHF 45.22 CHF 64.59 CHF 83.97 68

Widest divergence: DCF Models (CHF 67.99) versus Asset-Based (CHF 19.93). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 4.1B
Revenue growth (YoY) +5.8%
Net margin 4.4%
Return on equity 12.1%
Free cash flow CHF 272M FY2025
P/E ratio 23.6
More key figures
Operating margin 5.7%
EPS (TTM) CHF 3.66
Dividend yield 2.9%
EPS growth (YoY) -11.1%
Net debt CHF 945M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 49

Profitability 48
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 18
Distance to the 52-week high (market factor)
Net Issuance 81
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

Galenica AG provides healthcare services in Switzerland and internationally. It operates through two segments, Products & Care, and Logistics & IT. The Products & Care segment operates and manages pharmacies and partner pharmacies under the Amavita, Sun Store, and Coop Vitality brands, as well as covers specialty pharmacy mediservice.

Full company description

Galenica AG provides healthcare services in Switzerland and internationally. It operates through two segments, Products & Care, and Logistics & IT. The Products & Care segment operates and manages pharmacies and partner pharmacies under the Amavita, Sun Store, and Coop Vitality brands, as well as covers specialty pharmacy mediservice. This segment also offers medication for treatment of patients at home; laboratory medicine, pathology and specialized personalized diagnostic services; and develops, markets, and sells healthcare services and products through various distribution channels. The Logistics & IT segment provides various specialized pre-wholesale services, including storage, distribution, and debt collection to pharmaceutical and healthcare companies. This segment also offers master data systems for the healthcare market; develops management solutions for the healthcare market; and publishes printed and electronic technical information on pharmaceutical products, as well as offers complete management solutions for pharmacies. In addition, it provides on-schedule delivery services to pharmacies, drugstores, doctors, hospitals, and care homes. The company was founded in 1927 and is headquartered in Bern, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Galenica AG reported revenue of CHF 4.1B in FY2025 versus CHF 3.8B in FY2021, a compound +1.9%/yr. Reported net income was CHF 181M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 65/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 4.1B
Latest YoY
+5.5%
Avg. growth/yr (3Y)
+1.0%
Avg. growth/yr (5Y)
+3.5%
Avg. growth/yr (11Y)
+3.5%
Revenue +1.9%/yr
FY21 CHF 3.8B
FY22 CHF 4.0B
FY23 CHF 3.7B
FY24 CHF 3.9B
FY25 CHF 4.1B
Net income +1.9%/yr
FY21 CHF 168M
FY22 CHF 165M
FY23 CHF 174M
FY24 CHF 183M
FY25 CHF 181M

GALE screens 25% overvalued. Compare with McKesson Corporation →

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Cite: Fair Value Calculator (2026). "Galenica AG Fair Value". https://www.fairvalue-calculator.com/stock/GALE

Peer Group

Medical Distribution · 81 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 · Top 25%
Fair Value upside −25% · Below median
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 4% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 2.9% · Above median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 23.6× · Pricier than median
P/B 3.60× · Pricier than 75% of peers
P/S (TTM) 1.29× · Pricier than 75% of peers
P/FCF 19.6× · Pricier than 75% of peers
EV/EBITDA 21.8× · 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 0 · sector 32
FUTURE 29 · sector 14
PAST 48 · sector 21
HEALTH 80 · sector 97
DIVIDEND 57 · sector 53

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%
China National Medicines Corporation 600511 ¥27.53 ¥58.22 +111%

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Frequently asked questions

Is Galenica AG (GALE) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of CHF 61.79 versus a price of CHF 82.20, about −25% (overvalued).
What is the fair value of GALE?
Our model-based fair value for Galenica AG is CHF 61.79 (as of Jul 15, 2026), built from audited fundamentals. The current price is CHF 82.20.
What is the quality score of GALE?
Galenica AG 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 Galenica AG (GALE)?
Galenica AG reported trailing-twelve-month revenue of about CHF 4.1B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of GALE?
The net profit margin of Galenica AG is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Galenica AG pay a dividend?
Galenica AG currently shows a dividend yield of about 3.03% relative to its recent price (as of Jul 15, 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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