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Santhera Pharmaceuticals Holding (SANN) Fair Value & Analysis

Healthcare · CH · Market cap CHF 226M

SP Santhera Pharmaceuticals Holding SANN · SW
PriceCHF 15.84
Fair ValueCHF 21.84
Upside+37.9%
Quality28/100
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Mixed Growth
Loss-making · -63.8% net margin
Negative equity (buybacks among others) · negative free cash flow
Mixed vs. peers (4/8)
Narrow moat 10/100
Evidence: Low Range CHF 13.04 – CHF 28.35 Share as image

Fair value as of: Jul 13, 2026

From 2 valuation models · updated 26 days ago

Share price +4.9% over the past month.

Below-average quality, screening 38% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (CHF 13.04 to CHF 28.35) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 31.90 CHF 5.00 Fair Value CHF 21.84 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range CHF 5.00 – CHF 31.90 · fair‑value band CHF 13.04 – CHF 28.35 · the CHF 15.84 price screens below the CHF 21.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Santhera Pharmaceuticals Holding (SANN) currently trades at CHF 15.84, while our model-based Fair Value estimate is CHF 21.84, implying the stock looks roughly 37.9% undervalued today. We read business quality at 28/100 (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: low), always confirm before acting.

Over the trailing twelve months, Santhera Pharmaceuticals Holding generated revenue of CHF 77.2M at a net margin of -63.8%. Revenue grew 112.7% year over year. Net debt stands at CHF 75.3M. Fundamentals as of Jul 13, 2026

Our scenario range runs from CHF 13.04 (bear case) to CHF 28.35 (bull case); at CHF 15.84, 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 16% below its 52-week high and 69% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 38%, SANN 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
Gordon GGM CHF 15.34 CHF 25.69 CHF 33.35 70
DDM Multi-Stage CHF 15.34 CHF 24.37 CHF 27.64 61
All 2 models by family
Dividend Discount
Gordon GGM CHF 15.34 CHF 25.69 CHF 33.35 70
DDM Multi-Stage CHF 15.34 CHF 24.37 CHF 27.64 61

Key figures & financial health

Revenue (TTM) CHF 77.2M
Revenue growth (YoY) +113%
Net margin -63.8%
Return on equity -620%
Free cash flow −CHF 34.8M FY2025
Operating margin -4.1%
More key figures
EPS (TTM) CHF -3.78
Net debt CHF 75.3M FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 19 · Market factors (momentum, volatility) 54

Profitability 13
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 0
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

Santhera Pharmaceuticals Holding AG, a specialty pharmaceutical company, together with its subsidiaries, develops and sells medicines for rare neuromuscular and pulmonary diseases with high unmet medical need in the Europe, North America, and Asia.

Full company description

Santhera Pharmaceuticals Holding AG, a specialty pharmaceutical company, together with its subsidiaries, develops and sells medicines for rare neuromuscular and pulmonary diseases with high unmet medical need in the Europe, North America, and Asia. The company's lead pipeline candidate includes Vamorolone, which is developed for the treatments of Duchenne muscular dystrophy. Santhera Pharmaceuticals Holding AG was founded in 2004 and is based in Pratteln, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Santhera Pharmaceuticals Holding reported revenue of CHF 77.2M in FY2025 versus −CHF 1.6M in FY2021. Reported net income was −CHF 49.2M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
CHF 77.2M
Latest YoY
+97.3%
Avg. growth/yr (3Y)
+117.8%
Avg. growth/yr (5Y)
+38.8%
Avg. growth/yr (19Y)
+27.3%
Revenue
FY21 −CHF 1.6M
FY22 CHF 7.5M
FY23 CHF 103M
FY24 CHF 39.1M
FY25 CHF 77.2M
Net income
FY21 −CHF 55.5M
FY22 −CHF 71.1M
FY23 CHF 54.8M
FY24 −CHF 42.0M
FY25 −CHF 49.2M

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Cite: Fair Value Calculator (2026). "Santhera Pharmaceuticals Holding Fair Value". https://www.fairvalue-calculator.com/stock/SANN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Biotechnology · 608 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 28 · Bottom 25%
Fair Value upside +38% · Top 25%
Return on assets -16% · Below median
Net margin (TTM) -64% · Bottom 25%
Operating margin (TTM) -4% · Below median
Revenue growth 113% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/S (TTM) 3.62× · Cheaper than median

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 84 · sector 0
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 97
DIVIDEND 0 · sector 23

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Santhera Pharmaceuticals Holding (SANN) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of CHF 21.84 versus a price of CHF 15.84, about +38% (undervalued).
What is the fair value of SANN?
Our model-based fair value for Santhera Pharmaceuticals Holding is CHF 21.84 (as of Jul 13, 2026), built from audited fundamentals. The current price is CHF 15.84.
What is the quality score of SANN?
Santhera Pharmaceuticals Holding has a Quality Score of 28/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Santhera Pharmaceuticals Holding (SANN)?
Santhera Pharmaceuticals Holding reported trailing-twelve-month revenue of about CHF 77.2M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SANN?
The net profit margin of Santhera Pharmaceuticals Holding is about -63.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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