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Sol-Gel Technologies Ltd (SLGL) Fair Value & Analysis

Healthcare · US · Market cap $240M

SG Sol-Gel Technologies Ltd logo Sol-Gel Technologies Ltd SLGL · US
Price$84.04
Fair Value$4.20
Upside-95.0%
Quality68/100
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Mixed Growth
Loss-making · -5.7% net margin
generates free cash flow
Trails peers (3/9)
Narrow moat 9/100
Evidence: Low Range $3.87 – $4.53 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated yesterday

Share price +11.5% over the past month.

A solid business, but screening 95% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($4.53). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$132.60 $3.66 Fair Value $4.20 May 2021 Aug 2026

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

How to read this chart

60‑month range $3.66 – $132.60 · fair‑value band $3.87 – $4.53 · the $84.04 price screens above the $4.20 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sol-Gel Technologies Ltd (SLGL) currently trades at $84.04, while our model-based Fair Value estimate is $4.20, implying the stock looks roughly 95.0% overvalued today. The Quality Score stands at 68/100 (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: low).

Over the trailing twelve months, Sol-Gel Technologies Ltd generated revenue of $18.5M at a net margin of -5.7%. Revenue declined 89.5% year over year. It earns a return on equity of -2.9%. The balance sheet holds a net cash position of $10.0M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $3.87 (bear case) to $4.53 (bull case); at $84.04, 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 about 14% below its 52-week high, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -95%, SLGL 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 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. Evidence
Highest evidence
Growth DCF $4.34 $4.92 $5.82 72
Rev-Margin DCF $4.38 $5.11 $6.64 67
NCAV (Graham) $3.51 $4.71 $7.03 50
All 7 models by family
DCF Models
FCF DCF $4.40 $4.81 $5.99 38
5Y Revenue Exit $4.29 $4.90 $6.16 39
10Y Revenue Exit $4.30 $5.25 $5.81 36
Multiples
EV/Revenue $4.17 $4.50 $4.83 43
Asset-Based
NCAV (Graham) $3.51 $4.71 $7.03 50
Growth DCF
Growth DCF $4.34 $4.92 $5.82 72
Rev-Margin DCF $4.38 $5.11 $6.64 67

Widest divergence: Growth DCF ($4.92) versus Multiples ($4.50). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) $18.5M
Revenue growth (YoY) -89.5%
Net margin -5.7%
Return on equity -2.9%
Free cash flow $275K FY2025
Operating margin -3,569%
More key figures
EPS (TTM) $-0.3000
EPS growth (YoY) +488%
Net cash $10.0M FY2025

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

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 67

Profitability 29
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 92
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

Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc., develops topical dermatological drugs for patients with severe skin conditions in Israel, China, Switzerland, Canada, the United States and internationally.

Full company description

Sol-Gel Technologies Ltd., together with its subsidiary Sol-Gel Technologies Inc., develops topical dermatological drugs for patients with severe skin conditions in Israel, China, Switzerland, Canada, the United States and internationally. The company offers Twyneo, a once-daily, non-antibiotic topical cream for the treatment of acne vulgaris; and Epsolay, a once-daily topical cream for the treatment of papulopustular (subtype II) rosacea. It also develops SGT-610 that is in Phase 3 clinical trials for the treatment of Gorlin Syndrome; and SGT-210, which has completed Phase I clinical trial, to treat olmsted syndrome. It has collaboration with Padagis Israel Pharmaceuticals Ltd; and license agreements with Galderma Holding SA and Searchlight Pharma Inc. Sol-Gel Technologies Ltd. was incorporated in 1997 and is headquartered in Ness Ziona, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sol-Gel Technologies Ltd reported revenue of $19.4M in FY2025 versus $31.3M in FY2021, a compound −11.3%/yr. Reported net income was −$6.1M in FY2025.

Growth Quality 51/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$19.4M
Latest YoY
+68.0%
Avg. growth/yr (3Y) 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.
+70.9%
Avg. growth/yr (8Y) 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.
+80.2%
Revenue −11.3%/yr
FY21 $31.3M
FY22 $3.9M
FY23 $1.6M
FY24 $11.5M
FY25 $19.4M
Net income
FY21 $3.2M
FY22 −$14.9M
FY23 −$27.2M
FY24 −$10.6M
FY25 −$6.1M

SLGL screens 95% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Sol-Gel Technologies Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SLGL

Peer Group

Biotechnology · 601 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 68 · Top 25%
Fair Value upside −95% · Bottom 25%
Return on assets -3% · Above median
Net margin (TTM) -6% · Bottom 25%
Revenue growth -90% · Bottom 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 10.50× · Pricier than 75% of peers
P/S (TTM) 12.97× · Pricier than 75% of peers
P/FCF 870.9× · Pricier than 75% of peers

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Sol-Gel Technologies Ltd (SLGL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $4.20 versus a price of $84.04, about −95% (overvalued).
What is the fair value of SLGL?
Our model-based fair value for Sol-Gel Technologies Ltd is $4.20 (as of Aug 13, 2026), built from audited fundamentals. The current price is $84.04.
What is the quality score of SLGL?
Sol-Gel Technologies Ltd has a Quality Score of 68/100. 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 Sol-Gel Technologies Ltd (SLGL)?
Sol-Gel Technologies Ltd reported trailing-twelve-month revenue of about $18.5M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SLGL?
The net profit margin of Sol-Gel Technologies Ltd is about -5.7%, 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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