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Marinomed Biotech AG (MARI) Fair Value & Analysis

Healthcare · AT · Market cap €19.9M

MB Marinomed Biotech AG MARI · VI
Price€9.95
Fair Value€5.94
Upside-40.3%
Quality92/100
Evidence: Low Range €4.45 – €7.42

Fair value as of: May 31, 2026

From 3 valuation models · updated 30 days ago

Share price −8.0% over the past month.

Price vs Fair Value (12 months)

€22.84 €9.90 Fair Value €5.94 Jun 2025 Jun 2026

12‑month range €9.90 – €22.84 · fair‑value band €4.45 – €7.42 · the €9.95 price screens above the €5.94 fair value. As of May 31, 2026.

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Analysis

Marinomed Biotech AG (MARI) currently trades at €9.95, while our model-based Fair Value estimate is €5.94 — implying the stock looks roughly 40.3% overvalued today. We read business quality at 92/100 (high 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: low).

Trailing-twelve-month revenue stands at €8.0M. Revenue declined 76.9% year over year. Net debt stands at €26.5M. The stock trades on a trailing P/E of 1.8. Fundamentals as of May 31, 2026

Key figures & financial health

Revenue (TTM) €8.0M
Revenue growth (YoY) -76.9%
Net margin 226%
Return on equity -395%
Free cash flow −€2.4M FY2024
P/E ratio 1.8
More key figures
Operating margin -428%
EPS (TTM) €5.44
Net debt €26.5M FY2024

Figures from reported company fundamentals (EODHD) · as of May 31, 2026. TTM = trailing twelve months.

About the company

Marinomed Biotech AG operates as a biopharmaceutical company in Austria, other European countries, and internationally. Its lead products include Budesolv for the treatment of allergic rhinitis in late-stage clinical development; and Tacrosolv for the treatment of inflammatory eye diseases in Phase II clinical studies. The company also develops Satiasolv for pain immune reactions in the preclinical development phase. In addition, it provides Solv4U for formulation development and biopharmaceutical testing services. The company was formerly known as Marinomed Biotechnologie GmbH and changed its name to Marinomed Biotech AG in June 2017. Marinomed Biotech AG was incorporated in 2006 and is headquartered in Korneuburg, Austria.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Marinomed Biotech AG reported revenue of €4.7M in FY2024 versus €8.1M in FY2020, a compound −12.6%/yr. Reported net income was −€15.4M in FY2024.

Revenue −12.6%/yr
FY20 €8.1M
FY21 €11.6M
FY22 €11.3M
FY23 €9.1M
FY24 €4.7M
Net income
FY20 −€6.0M
FY21 −€5.9M
FY22 −€6.4M
FY23 −€6.4M
FY24 −€15.4M

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Frequently asked questions

Is Marinomed Biotech AG (MARI) undervalued?
As of May 31, 2026, our model estimates a fair value of €5.94 versus a price of €9.95 — about −40% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MARI?
Our 21-model fair value for Marinomed Biotech AG is €5.94 (as of May 31, 2026), built from audited fundamentals. The current price is €9.95.
What is the quality score of MARI?
Marinomed Biotech AG has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Marinomed Biotech AG (MARI)?
Marinomed Biotech AG reported trailing-twelve-month revenue of about €8.0M (latest available figure, as of May 31, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.