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Smith & Nephew plc (SN) Fair Value & Analysis

Healthcare · GB · Market cap 9.3B GBX

SN Smith & Nephew plc SN · LSE
Price£11.18
Fair Value£14.36
Upside+28.4%
Quality95/100
Evidence: High Range £8.24 – £20.65

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £14.19 to £14.36 (+1.2%) since Jun 23, 2026. Share price +2.9% over the past month.

Price vs Fair Value (12 months)

£13.71 £10.47 Fair Value £14.36 Jun 2025 Jun 2026

12‑month range £10.47 – £13.71 · fair‑value band £8.24 – £20.65 · the £11.18 price screens below the £14.36 fair value. As of Jun 24, 2026.

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Analysis

Smith & Nephew plc (SN) currently trades at £11.18, while our model-based Fair Value estimate is £14.36 — implying the stock looks roughly 28.4% undervalued today. We read business quality at 95/100 (high 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: high) — always confirm before acting.

Over the trailing twelve months, Smith & Nephew plc generated revenue of £6.2B at a net margin of 10.1%. Revenue grew 7.4% year over year. It earns a return on equity of 11.8%. Net debt stands at £2.8B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 6.2B GBX
Revenue growth (YoY) +7.4%
Net margin 10.1%
Return on equity 11.8%
Free cash flow 870M GBX FY2025
P/E ratio 20.6
More key figures
Operating margin 14.0%
EPS (TTM) £0.5300
Dividend yield 3.6%
EPS growth (YoY) +70.4%
Net debt 2.8B GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Smith & Nephew plc, together with its subsidiaries, develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally. The company operates in three segments: Orthopaedics, Sports Medicine & ENT, and Advanced Wound Management. It offers knee implant products for knee replacement procedures; hip implants for revision procedures; trauma and extremities products that include internal and external devices used in the stabilization of severe fractures and deformity correction procedures; and other reconstruction products. The company also provides sports medicine joint repair products comprise instruments, technologies, and implants to perform minimally invasive surgery, as well as treating soft tissue injuries and degenerative conditions of the shoulder, knee, hip, and small joints. In addition, it provides arthroscopic enabling technologies comprising fluid management equipment for surgical access, cameras, digital ima…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Smith & Nephew plc reported revenue of £6.3B in FY2025 versus £5.2B in FY2021, a compound +4.8%/yr. Reported net income was £638M in FY2025, compounding +5.0%/yr from FY2021.

Revenue +4.8%/yr
FY21 £5.2B
FY22 £5.2B
FY23 £5.5B
FY24 £5.8B
FY25 £6.3B
Net income +5.0%/yr
FY21 £524M
FY22 £223M
FY23 £263M
FY24 £412M
FY25 £638M

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Similar stocks

6 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT 1,600 MXN 1,228 MXN -23%
Stryker Corporation S1YK34 R$77.83 R$8.47 -89%
Medtronic plc MDT $80.25 $74.40 -7%
Boston Scientific Corporation B1SX34 R$248.75 R$221.81 -11%
Edwards Lifesciences Corporation EW $85.88 $41.02 -52%
Siemens Healthineers AG SEMHF $39.95 $44.36 +11%

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Frequently asked questions

Is Smith & Nephew plc (SN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £14.36 versus a price of £11.18 — about +28% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SN?
Our 21-model fair value for Smith & Nephew plc is £14.36 (as of Jun 24, 2026), built from audited fundamentals. The current price is £11.18.
What is the quality score of SN?
Smith & Nephew plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Smith & Nephew plc (SN)?
Smith & Nephew plc reported trailing-twelve-month revenue of about £6.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SN?
The net profit margin of Smith & Nephew plc is about 10.1%, meaning it keeps roughly 10.1% of revenue as net income. Based on the latest reported figures.
Does Smith & Nephew plc pay a dividend?
Smith & Nephew plc currently shows a dividend yield of about 3.57% relative to its recent price (as of Jun 24, 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.