EN DE

Zentiva S.A (SCD) Fair Value & Analysis

Healthcare · RO · Market cap 3.2B RON

ZS Zentiva S.A SCD · RO
Price4.52 RON
Fair Value1.17 RON
Upside-74.1%
Quality62/100
Watch Zentiva S.A for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Highly profitable · 20.7% net margin
generates free cash flow
Ranks above peers (9/12)
Wide moat 66/100
Evidence: High Range 0.5600 RON – 2.14 RON Share as image

Fair value as of: Jul 27, 2026

From 14 valuation models · updated 14 days ago

Fair value updated Jul 27, 2026, revised from 6.11 RON to 1.17 RON (−80.9%) since Jun 26, 2026.

A solid business, but screening 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.14 RON). The favourable scenario is already priced in.
  • The model range is unusually wide (0.5600 RON to 2.14 RON). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

4.52 RON 1.80 RON Fair Value 1.17 RON Jan 2020 Jun 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range 1.80 RON – 4.52 RON · fair‑value band 0.5600 RON – 2.14 RON · the 4.52 RON price screens above the 1.17 RON fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Zentiva S.A (SCD) currently trades at 4.52 RON, while our model-based Fair Value estimate is 1.17 RON, implying the stock looks roughly 74.1% overvalued today. The Quality Score stands at 62/100 (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, Zentiva S.A generated revenue of 1.1B RON at a net margin of 20.7%. Revenue grew 1.9% year over year. It earns a return on equity of 16.8%. The stock trades on a trailing P/E of 11.6. Fundamentals as of Jul 27, 2026

Our scenario range runs from 0.5600 RON (bear case) to 2.14 RON (bull case); at 4.52 RON, 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 near its 52-week high, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -74%, SCD 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
Residual Income 2.32 RON 3.27 RON 14.15 RON 76
Growth DCF 0.7500 RON 1.44 RON 2.51 RON 72
Rev-Margin DCF 2.76 RON 5.73 RON 9.93 RON 67
All 14 models by family
DCF Models
FCF DCF 0.7700 RON 1.34 RON 2.74 RON 38
5Y Revenue Exit 2.76 RON 5.92 RON 10.60 RON 39
5Y EBITDA Exit 3.91 RON 8.49 RON 14.76 RON 41
10Y Revenue Exit 1.98 RON 4.77 RON 9.74 RON 36
10Y EBITDA Exit 2.87 RON 6.70 RON 13.52 RON 37
Multiples
P/S Multiple 4.58 RON 6.11 RON 7.64 RON 58
P/B Multiple 3.10 RON 4.14 RON 5.17 RON 55
EV/EBIT 6.46 RON 8.60 RON 10.74 RON 53
EV/EBITDA 5.58 RON 7.42 RON 9.26 RON 54
EV/Revenue 3.59 RON 5.10 RON 6.62 RON 43
Asset-Based
NCAV (Graham) 1.03 RON 1.39 RON 2.07 RON 50
Growth DCF
Growth DCF 0.7500 RON 1.44 RON 2.51 RON 72
Rev-Margin DCF 2.76 RON 5.73 RON 9.93 RON 67
Economic Profit
Residual Income 2.32 RON 3.27 RON 14.15 RON 76

Widest divergence: Multiples (6.11 RON) versus Asset-Based (1.39 RON). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1B RON
Revenue growth (YoY) +1.9%
Net margin 20.7%
Return on equity 16.8%
Free cash flow 36.7M RON FY2024
P/E ratio 11.6
More key figures
Operating margin 20.2%
EPS (TTM) 0.3900 RON
EPS growth (YoY) -25.5%

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 56

Profitability 70
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 19
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
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

Zentiva S.A. engages in the production and marketing of preparations and medicines for human use in Romania and internationally.

Full company description

Zentiva S.A. engages in the production and marketing of preparations and medicines for human use in Romania and internationally. The company develops pharmaceutical products in various therapeutic areas, such as cardiovascular diseases, anti-inflammatory and pain-relieving medications, urologists, blood diseases, gastrointestinal and metabolic disorders, central nervous system, infections, respiratory systems, and other, as well as develops generic medicines. It also offers educational materials for healthcare professionals and patients. The company was formerly known as Sicomed S.A. and changed its name to Zentiva S.A. in January 2006. The company was founded in 1962 and is based in Bucharest, Romania. Zentiva S.A. is a subsidiary of Zentiva Group a.s.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Zentiva S.A reported revenue of 1.1B RON in FY2024 versus 558M RON in FY2020, a compound +18.9%/yr. Reported net income was 251M RON in FY2024, compounding +39.8%/yr from FY2020.

Growth Quality 70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
1.1B RON
Latest YoY
+16.8%
Avg. growth/yr (3Y)
+16.2%
Avg. growth/yr (5Y)
+13.2%
Revenue +18.9%/yr
FY20 558M RON
FY21 710M RON
FY22 760M RON
FY23 954M RON
FY24 1.1B RON
Net income +39.8%/yr
FY20 65.6M RON
FY21 106M RON
FY22 99.5M RON
FY23 193M RON
FY24 251M RON

SCD screens 74% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Zentiva S.A Fair Value". https://www.fairvalue-calculator.com/stock/SCD

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 61 · Above median
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 2% · Below median

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

P/E (TTM) 11.6× · Cheaper than 75% of peers
P/B 0.48× · Cheaper than 75% of peers
P/S (TTM) 0.62× · Cheaper than 75% of peers
P/FCF 18.9× · Pricier than 75% of peers
EV/EBITDA 2.6× · 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 0 · sector 7
FUTURE 10 · sector 20
PAST 67 · sector 23
HEALTH 0 · sector 97
DIVIDEND 0 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 27, 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%

Compare Zentiva S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Zentiva S.A (SCD) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of 1.17 RON versus a price of 4.52 RON, about −74% (overvalued).
What is the fair value of SCD?
Our model-based fair value for Zentiva S.A is 1.17 RON (as of Jul 27, 2026), built from audited fundamentals. The current price is 4.52 RON.
What is the quality score of SCD?
Zentiva S.A has a Quality Score of 62/100. 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 Zentiva S.A (SCD)?
Zentiva S.A reported trailing-twelve-month revenue of about 1.1B RON (latest available figure, as of Jul 27, 2026).
What is the net profit margin of SCD?
The net profit margin of Zentiva S.A is about 20.7%, meaning it keeps roughly 20.7% of revenue as net income. 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.

14 days Pro free · no card

Track Zentiva S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.