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Sanofi (SNW) Fair Value & Analysis

Healthcare · DE · Market cap €109B

What is Sanofi really worth?

S Sanofi SNW · HA
Price€76.21
Fair Value€94.36
Upside+23.8%
Quality73/100

A solid business, trading 19% below our fair value of €94.36.

As of Aug 14, 2026, the fair value of Sanofi is €94.36 per share against a price of €76.21, so the fair value sits 24% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +4.6 %/yr)
!Thin margins · 0.0% net margin
!Trails peers (5/13)
!Evidence only low, so the estimate is less certain
Evidence: Low Range €61.69 – €130.02

Fair value as of: Aug 14, 2026

From 23 valuation models · updated 23 days ago

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A fairly wide model range (€61.69 to €130.02) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

€99.87 €64.73 Fair Value €94.36 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range €64.73 – €99.87 · fair‑value band €61.69 – €130.02 · the €76.21 price screens below the €94.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Sanofi (SNW) currently trades at €76.21, while our model-based Fair Value estimate is €94.36, implying the stock looks roughly 19.2% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of €99.49 per share, and 16 of the 23 models we run sit above the €76.21 price. Bear case: the Asset-Based group reads lowest at €33.55, and 7 of the 23 models stay below the price. Evidence for this calculation is low.

Net debt stands at €10.9B. Fundamentals as of Aug 14, 2026

Our scenario range runs from €61.69 (bear case) to €130.02 (bull case); at €76.21, 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 11% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −18% fair-value upside, at 24%, SNW screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence €50.09 €75.76 €112.95 80
Growth DCF €51.54 €75.12 €107.68 78
Owner Earnings €70.88 €106.31 €157.63 76
All 23 models by family
DCF Models
FCF DCF best evidence €50.09 €75.76 €112.95 80
Owner Earnings €70.88 €106.31 €157.63 76
5Y Revenue Exit €51.99 €83.37 €122.37 72
5Y EBITDA Exit €78.37 €130.84 €190.29 74
5Y P/E Exit €65.94 €108.48 €151.43 70
10Y Revenue Exit €48.99 €77.03 €112.45 66
10Y EBITDA Exit €67.34 €109.31 €162.48 68
10Y P/E Exit €59.54 €94.11 €133.86 63
Earnings-Based
Graham-Dodd €37.28 €94.01 €122.12 65
PEG = 1.0 €17.34 €24.78 €32.21 57
EPV €46.04 €54.48 €61.87 71
Multiples
P/E Multiple €90.45 €120.60 €150.75 63
P/S Multiple €69.89 €93.19 €116.49 58
P/B Multiple €69.89 €93.19 €116.49 55
EV/EBIT €81.23 €109.85 €138.46 66
EV/EBITDA €107.91 €145.42 €182.93 67
EV/Revenue €56.65 €82.91 €109.17 53
Asset-Based
NCAV (Graham) €25.04 €33.55 €50.08 54
Growth DCF
Growth DCF €51.54 €75.12 €107.68 78
Rev-Margin DCF €51.99 €83.74 €118.31 72
Economic Profit
Residual Income €45.13 €51.49 €91.79 73
ROIC Compounder €46.04 €56.32 €69.84 72
Growth Earnings
Growth-Adj P/E €69.64 €99.49 €129.33 67

Widest divergence: Growth Earnings (€99.49) versus Asset-Based (€33.55). Highest evidence: FCF DCF (80).

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Key figures & financial health

Dividend yield 4.4%
Net margin 16.7% FY2025
Return on assets (EBIT) 7.5% avg 5y
Free cash flow €7.2B FY2025
Net debt €10.9B FY2025 · ≈ 1.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 69 · Market factors (momentum, volatility) 49

Profitability 46
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 99
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

There is no Profile data available for SNW.HA.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sanofi reported revenue of €46.7B in FY2025 versus €39.2B in FY2021, a compound +4.5%/yr. Reported net income was €7.8B in FY2025, compounding +5.9%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€46.7B
Latest YoY
+5.5%
Avg. revenue 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.
+4.8%
Avg. revenue growth/yr (5Y) 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.
+4.6%
Avg. revenue growth/yr (7Y) 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.
+3.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+9.1% · in EUR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+4.7%
Dividend yield4.4%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21.1% (2020) → 20.5% (2025) · steady
Worst earnings drop50% (2021) · in EUR
Revenue +4.5%/yr
FY21 €39.2B
FY22 €40.6B
FY23 €41.6B
FY24 €44.3B
FY25 €46.7B
Net income +5.9%/yr
FY21 €6.2B
FY22 €8.4B
FY23 €5.4B
FY24 €5.6B
FY25 €7.8B

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Cite: Fair Value Calculator (2026). "Sanofi Fair Value". https://www.fairvalue-calculator.com/stock/SNW.HA

Recent news

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

Peer Group

Drug Manufacturers - General · 75 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 73 · Above median
Fair Value upside +67% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 4.4% · Top 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/B 1.77× · Cheaper than median
P/FCF 17.5× · Pricier than median
EV/EBITDA 12.3× · Cheaper than median
PEG 3.80× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE0 · sector 29
PAST0 · sector 49
HEALTH90 · sector 94
DIVIDEND88 · sector 42

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

Similar stocks

10 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,176 $389.47 −67%
Johnson & Johnson, JNJ $275.23 $169.04 −39%
AbbVie Inc ABBV $256.46 $67.72 −74%
Roche Holding RO CHF 374.60 CHF 306.54 −18%
Merck & Co MRK €131.98 €101.38 −23%
Novartis AG NOVN CHF 123.74 CHF 114.90 −7%
Novo Nordisk A/S NOVOB kr 295.50 kr 409.46 +39%
Amgen Inc AMGN $437.23 $252.02 −42%
Gilead Sciences, Inc GILD $151.00 $146.50 −3%
Pfizer Inc PFE $28.02 $24.87 −11%

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Frequently asked questions

Is Sanofi (SNW) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of €94.36 versus a price of €76.21, about +24% upside (undervalued).
What is the fair value of SNW?
Our model-based fair value for Sanofi is €94.36 (as of Aug 14, 2026), built from audited fundamentals. The current price: €76.21.
What is the quality score of SNW?
Sanofi has a Quality Score of 73/100. 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 price target for Sanofi (SNW)?
Our model-based price target is the fair value of €94.36 (as of Aug 14, 2026) from 23 valuation models. Cautious scenario €61.69, optimistic scenario €130.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Sanofi stock forecast for 2026?
Our models put fair value at €94.36, about +24% upside versus a price of €76.21 (undervalued). Cautious scenario €61.69, optimistic scenario €130.02. The calculation is refreshed regularly with new filings.
What is the net profit margin of SNW?
The net profit margin of Sanofi is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Sanofi pay a dividend?
Sanofi currently shows a dividend yield of about 4.39% relative to its recent price (as of Aug 14, 2026).
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