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Kissei Pharmaceutical Co (KSPHF) Fair Value & Analysis

Healthcare · US · Market cap $1.1B

KP Kissei Pharmaceutical Co logo Kissei Pharmaceutical Co KSPHF · US
Price$25.77
Fair Value$35.26
Upside+36.8%
Quality47/100
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Expensive Growth
Solidly profitable · 14.2% net margin
Low debt · negative free cash flow
3.22% dividend yield
Ranks above peers (7/10)
Narrow moat 34/100
Evidence: Medium Range $26.44 – $44.07 Share as image

Fair value as of: Jul 19, 2026

From 11 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from $45.63 to $35.26 (−22.7%) since Jun 24, 2026.

Below-average quality, screening 37% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($26.44). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) 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)

$30.62 $14.26 Fair Value $35.26 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $14.26 – $30.62 · fair‑value band $26.44 – $44.07 · the $25.77 price screens below the $35.26 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Kissei Pharmaceutical Co (KSPHF) currently trades at $25.77, while our model-based Fair Value estimate is $35.26, implying the stock looks roughly 36.8% undervalued today. The Quality Score stands at 47/100 (below-average 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.

Over the trailing twelve months, Kissei Pharmaceutical Co generated revenue of $97.4B at a net margin of 14.2%. Revenue grew 9.3% year over year. It earns a return on equity of 6.3%. The balance sheet holds a net cash position of $28.0B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $26.44 (bear case) to $44.07 (bull case); at $25.77, 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 16% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 37%, KSPHF 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-Adj P/E $67.45 $96.36 $125.27 68
P/E Multiple $34.22 $45.63 $57.04 63
Residual Income $25.66 $25.82 $24.25 61
All 11 models by family
DCF Models
Owner Earnings $30.34 $58.20 $109.89 31
Earnings-Based
Graham-Dodd $14.10 $98.36 $138.03 54
Lynch FV $50.82 $72.59 $94.37 50
PEG = 1.0 $50.82 $72.59 $94.37 46
Multiples
P/E Multiple $34.22 $45.63 $57.04 63
P/S Multiple $26.45 $35.26 $44.08 58
P/B Multiple $26.45 $35.26 $44.08 55
EV/EBITDA $7.09 $7.99 $8.90 54
Asset-Based
NCAV (Graham) $17.32 $23.21 $34.64 50
Economic Profit
Residual Income $25.66 $25.82 $24.25 61
Growth Earnings
Growth-Adj P/E $67.45 $96.36 $125.27 68

Widest divergence: Growth Earnings ($96.36) versus Asset-Based ($23.21). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Revenue (TTM) $97.4B
Revenue growth (YoY) +9.3%
Net margin 14.2%
Return on equity 6.3%
Free cash flow −$6.4B FY2026
P/E ratio 12.4
More key figures
Operating margin 3.1%
EPS (TTM) $2.07
Dividend yield 3.2%
EPS growth (YoY) -8.5%
Net cash $28.0B FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 51

Profitability 37
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 100
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

Kissei Pharmaceutical Co., Ltd. researches, develops, manufactures, and sells pharmaceutical products primarily in Japan.

Full company description

Kissei Pharmaceutical Co., Ltd. researches, develops, manufactures, and sells pharmaceutical products primarily in Japan. The company offers Calogra tablets, for the treatment of ulcerative colitis; Tabneos capsules for the treatment of microscopic polyangiitis and granulomatous polyangiitis; Minirin Melt OD tablets; Corsuba Intravenous Dialysis Syringe for the treatment of chronic idiopathic thrombocytopenic purpura; Beova tablets for the treatment of overactive bladder treatment; and Darbepoetin Alfa BS injection JCR for the treatment of renal anemia. Its products in pipeline include CG0070, which is in Phase III clinical trial to treat non-muscle-invasive bladder cancer; Linzagolix, which is in Phase III clinical trial for the treatment of uterine fibroids and endometriosis; KDT-3594, which is in Phase II clinical trial to treat Parkinson's disease; KSP-0243 that is in Phase II clinical trial to treat Ulcerative colitis; and Difelikefalin, which is in Phase III clinical trial to treat uremic pruritus in dialysis patients. The company is also developing Silodosin for dysuria associated with benign prostatic hyperplasia; and Fostamatinib for tyrosine kinase inhibitor. In addition, it develops and sells protein controlled and energy supply food; and purchases and sells related materials, as well as offers system development and information processing, construction contracting, facility and equipment management, and information gathering and development support services. Further, the company engages in the information equipment rentals; insurance agency business; manufactures and sells noodles; and undertakes construction of factories, research institutes, offices, etc., as well as computer system design and development, and cloud services. Kissei Pharmaceutical Co., Ltd. was formerly known as Kissei Yakuhin Kogyo Co., Ltd. and changed its name to Kissei Pharmaceutical Co., Ltd. in October 1964. The company was incorporated in 1946 and is based in Matsumoto, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kissei Pharmaceutical Co reported revenue of $98.0B in FY2026 versus $65.4B in FY2022, a compound +10.7%/yr. Reported net income was $13.9B in FY2026, compounding +1.8%/yr from FY2022.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
$98.0B
Latest YoY
+11.0%
Avg. growth/yr (3Y)
+13.2%
Avg. growth/yr (5Y)
+7.3%
Avg. growth/yr (21Y)
+2.3%
Revenue +10.7%/yr
FY22 $65.4B
FY23 $67.5B
FY24 $75.6B
FY25 $88.3B
FY26 $98.0B
Net income +1.8%/yr
FY22 $12.9B
FY23 $10.5B
FY24 $11.2B
FY25 $12.0B
FY26 $13.9B

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Cite: Fair Value Calculator (2026). "Kissei Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/KSPHF

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 47 · Below median
Fair Value upside +37% · Top 25%
Return on equity (TTM) 6% · Above median
Return on assets -1% · Below median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 9% · Above median
Dividend yield (TTM) 3.2% · Above median

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

P/E (TTM) 12.4× · Cheaper 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 82 · sector 7
FUTURE 47 · sector 20
PAST 25 · sector 23
HEALTH 100 · sector 97
DIVIDEND 64 · 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 Jul 19, 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%

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Frequently asked questions

Is Kissei Pharmaceutical Co (KSPHF) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $35.26 versus a price of $25.77, about +37% (undervalued).
What is the fair value of KSPHF?
Our model-based fair value for Kissei Pharmaceutical Co is $35.26 (as of Jul 19, 2026), built from audited fundamentals. The current price is $25.77.
What is the quality score of KSPHF?
Kissei Pharmaceutical Co has a Quality Score of 47/100. 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 Kissei Pharmaceutical Co (KSPHF)?
Kissei Pharmaceutical Co reported trailing-twelve-month revenue of about $97.4B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of KSPHF?
The net profit margin of Kissei Pharmaceutical Co is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.
Does Kissei Pharmaceutical Co pay a dividend?
Kissei Pharmaceutical Co currently shows a dividend yield of about 3.22% relative to its recent price (as of Jul 19, 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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