Ipsen SA (IPSEY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Ipsen SA $31.97, price $41.90, upside -23.7%, quality 70 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 Oct 3, 2026.
How to read this chart
60‑month range $18.35 – $50.28 · fair‑value band $23.98 – $39.97 · the $41.90 price screens above the $31.97 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Ipsen S.A., a biopharmaceutical company, develops and commercializes medicines in the areas of oncology, rare disease, and neuroscience in North America, Europe, and internationally.
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Ipsen S.A., a biopharmaceutical company, develops and commercializes medicines in the areas of oncology, rare disease, and neuroscience in North America, Europe, and internationally. It engages in the development of Somatuline for neuroendocrine tumors and acromegaly indications; and Dysport for motor muscular disorders and medical aesthetics indications; and Decapeptyl for advanced metastatic prostate cancer, uterine fibroids, central precocious puberty, endometriosis, female infertility, and early-stage breast cancer in combination with hormone therapy. The company also develops Cabometyx for renal cell carcinoma, second line hepatocellular carcinoma, differentiated thyroid cancer, and neuroendocrine tumors; Onivyde for second-line metastatic pancreatic cancer; and Bylvay for the treatment of progressive familial intrahepatic cholestasis and cholestatic pruritus in patients with both PFIC and Alagille syndrome. In addition, it is involved in the development of Iqirvo for the second line treatment for primary biliary cholangitis; Sohonos for the treatment to reduce new, abnormal bone formation in soft and connective tissues, in people living with ultra-rare bone disease, and fibrodysplasia ossificans progressiva; and IPN60340 in Phase I/II clinical trial for first line acute myeloid leukemia indications. Further, the company develops Tazverik + rituximab and lenalidomide in Phase III clinical trials for second line follicular lymphoma indications; Tovorafenib in Phase III clinical trials for first line pediatric low-grade gliomas indications; and IPN01194, IPN01195, IPN60300, and IPN01203 in Phase I for solid tumors indications; and IPN10200 in Phase II clinical trials for aesthetic and therapeutic indications. Ipsen S.A. was founded in 1929 and is headquartered in Paris, France.
Stock analysis
Ipsen SA ADR (IPSEY) currently trades at $41.90, while our model-based Fair Value estimate is $31.97, 23.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $47.62 per share, and 12 of the 24 models we run sit above the $41.90 price.
Bear case: the Asset-Based group reads lowest at $9.88, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $23.98 (bear) to $39.97 (bull), the price of $41.90 sits above 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 70/100 (solid quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ipsen SA ADR reported revenue of €3.5B in FY2025 versus €2.7B in FY2021, a compound +6.5%/yr. Reported net income was €427M in FY2025, compounding −9.9%/yr from FY2021.
Key figures
Market cap $14.0B · P/E ratio 27.2 · P/S ratio 3.29 · EPS (TTM) $1.54 · Dividend yield 1.1% · Net margin 12.1% · Return on equity 10.4% · Return on assets (EBIT) 12.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −19% fair-value upside, at −24%, IPSEY screens richer than that median.
Fair Value models
Bear $23.98Fair Value $31.97Bull $39.97
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 ($0.1059 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.2%
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.
+3.8%
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.
+5.6%
Start year 2020 (pandemic). Over 10 years: +8.8% 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.
+7.8%
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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.
−5.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.5%
Dividend (yield on the price)1.1%
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.−6.5% vs 8.3%, slowing
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.20% → 20%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−4.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −6.2% a year for the price and +5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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 · 600 stocks
Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−15.1% · Below median
Profitability
Return on equity (TTM)10.4% · Above median
Return on assets9.6% · Top 25%
Net margin (TTM)11.3% · Above median
Operating margin (TTM)26.1% · Top 25%
Growth and dividend
Revenue growth9.3% · Above median
Dividend yield (TTM)1.1% · Below median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
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). "Ipsen SA ADR Fair Value". https://www.fairvalue-calculator.com/stock/IPSEY
Frequently asked questions
Is Ipsen SA (IPSEY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $31.97 versus a price of $41.90, about −24% upside (overvalued).
What is the fair value of IPSEY?
Our model-based fair value for Ipsen SA ADR is $31.97 (as of Oct 3, 2026), built from audited fundamentals. The current price: $41.90.
What is the quality score of IPSEY?
Ipsen SA ADR has a Quality Score of 70/100. 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 Ipsen SA (IPSEY)?
Our model-based price target is the fair value of $31.97 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario $23.98, optimistic scenario $39.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Ipsen SA ADR stock forecast for 2026?
Our models put fair value at $31.97, about −24% upside versus a price of $41.90 (overvalued). Cautious scenario $23.98, optimistic scenario $39.97. The calculation is refreshed regularly with new filings.
What is the revenue of Ipsen SA (IPSEY)?
Ipsen SA ADR reported trailing-twelve-month revenue of about €3.9B (latest available figure, as of Oct 3, 2026).
Does Ipsen SA ADR pay a dividend?
Ipsen SA ADR currently shows a dividend yield of about 1.05% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Ipsen SA (IPSEY)?
For today's price to be fair in a discounted-cash-flow model, Ipsen SA ADR would have to grow free cash flow by -4.1 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.6 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of IPSEY use?
Our models discount Ipsen SA ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.32, country premium for USA. 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 Ipsen SA ADR that is -4.1 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Ipsen SA (IPSEY) delivered so far?
Over the past 5 years revenue at Ipsen SA ADR grew +5.6 % a year. The price currently implies -4.1 % 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 Ipsen SA (IPSEY) growing?
The median revenue growth in the sector is +5.0 % a year. That is the yardstick for the growth priced into Ipsen SA ADR (-4.1 % 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 Ipsen SA (IPSEY)?
The free-cash-flow yield on the price is 7.98 %: that much free cash flow Ipsen SA ADR produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ipsen SA (IPSEY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ipsen SA ADR it is $31.97 per share (as of Oct 3, 2026), against a price of $41.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Ipsen SA ADR stock overvalued or undervalued in 2026?
As of Oct 3, 2026, IPSEY trades above its calculated fair value: price $41.90, fair value $31.97, a gap of about −24% (overvalued). 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 IPSEY?
No. The price is what the market pays today ($41.90); the fair value is what the company's own numbers justify ($31.97). For Ipsen SA ADR the two are $9.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ipsen SA ADR worth?
The market values Ipsen SA ADR at about $14.0B (market capitalisation, as of Oct 3, 2026). Per share that is $41.90; our models calculate a fair value of $31.97 per share.
What do the bullish and bearish scenarios say about IPSEY?
Our models span a range for Ipsen SA ADR: cautious scenario $23.98, base $31.97, optimistic $39.97 per share (as of Oct 3, 2026, price $41.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IPSEY?
Ipsen SA ADR trades at a price-to-earnings ratio of 27.2 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $31.97 is built from several models across several years. Other multiples: PEG 0.9, P/B 2.9, P/S 3.2, EV/EBITDA 8.7.
What is the PEG ratio of IPSEY?
The PEG ratio of Ipsen SA ADR is 0.91 (P/E divided by earnings growth, as of Oct 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Ipsen SA (IPSEY)?
Balance-sheet figures for Ipsen SA ADR (as of Oct 3, 2026): return on equity 10.4%, debt of 0.17 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is IPSEY from its 52-week high?
Ipsen SA ADR trades at $41.90, about 17% below its 52-week high of $50.28 and 29% above the low of $32.47 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $31.97 is for.
Which stocks are comparable to Ipsen SA ADR?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Teva Pharmaceutical Industries Limited, 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 Ipsen SA ADR stock attractive at the current price?
The data as of Oct 3, 2026: price $41.90, calculated fair value $31.97 (−24%), Quality Score 70/100, from 24 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 IPSEY calculated?
We run Ipsen SA ADR through 24 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 $31.97, 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 14.5 % above its aggregate fair value. Ipsen SA ADR itself currently trades above fair value. 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 Ipsen SA (IPSEY)?
The closing price on Oct 2, 2026 was $41.90. Our model-based fair value is $31.97, about −24% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ipsen SA ADR right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($39.97). The favourable scenario is already priced in.
Where does the earnings growth of Ipsen SA (IPSEY) come from?
Earnings per share at Ipsen SA ADR grew +10.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.6 %, EBIT margin +1.5 %, tax rate +0.6 %, residual (interest, one-offs) −1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ipsen SA ADR
How large is the market capitalisation of Ipsen SA (IPSEY)?
The market capitalisation of Ipsen SA ADR is $14.0B. 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 Ipsen SA (IPSEY)?
The price-to-sales ratio of Ipsen SA ADR is 3.29 (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 Ipsen SA (IPSEY)?
Earnings per share at Ipsen SA ADR are $1.54 (price ÷ EPS = P/E 27.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ipsen SA (IPSEY)?
The dividend yield of Ipsen SA ADR is 1.1% (payout 28.6%). 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 Ipsen SA (IPSEY)?
The net margin of Ipsen SA ADR is 12.1% (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 Ipsen SA (IPSEY)?
The return on equity (ROE) of Ipsen SA ADR is 10.4% (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 Ipsen SA (IPSEY)?
On an EBIT basis the return on assets of Ipsen SA ADR is 12.1% (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 Ipsen SA (IPSEY)?
The operating margin of Ipsen SA ADR is 26.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ipsen SA (IPSEY)?
Revenue at Ipsen SA ADR is growing +9.3% versus a year earlier (3y avg +3.8%). 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 Ipsen SA (IPSEY)?
Earnings per share at Ipsen SA ADR are growing −3.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ipsen SA (IPSEY) hold?
Ipsen SA ADR holds more cash than debt, €658M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 3, 2026