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SPH (SPH) Fair Value & Analysis

Healthcare · PL · Market cap 4.2B PLN

S SPH SPH · WAR
Price7.30 PLN
Fair Value4.48 PLN
Upside-38.6%
Quality93/100
Evidence: High Range 3.16 PLN – 5.80 PLN

Fair value as of: Jun 24, 2026

From 15 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from 2.96 PLN to 4.48 PLN (+51.4%) since Jun 23, 2026. Share price +8.2% over the past month.

Price vs Fair Value (12 months)

14.57 PLN 6.49 PLN Fair Value 4.48 PLN Jun 2025 Jun 2026

12‑month range 6.49 PLN – 14.57 PLN · fair‑value band 3.16 PLN – 5.80 PLN · the 7.30 PLN price screens above the 4.48 PLN fair value. As of Jun 24, 2026.

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Analysis

SPH (SPH) currently trades at 7.30 PLN, while our model-based Fair Value estimate is 4.48 PLN — implying the stock looks roughly 38.6% overvalued today. We read business quality at 93/100 (high 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, SPH generated revenue of 1.4B PLN at a net margin of 5.8%. Revenue grew 7.4% year over year. It earns a return on equity of 15.5%. Net debt stands at 420M PLN. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 1.4B PLN
Revenue growth (YoY) +7.4%
Net margin 5.8%
Return on equity 15.5%
Free cash flow −124M PLN FY2025
P/E ratio 32.2
More key figures
Operating margin 8.8%
EPS (TTM) 0.2500 PLN
EPS growth (YoY) -25.7%
Net debt 420M PLN FY2025

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

About the company

Sopharma AD produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally. It offers Carsil to treat liver disease; Tempalgin, a painkiller; Analgin, a pain reliever; Tabex, a drug used for smoking secession; Tribestan, a drug used for stimulation of the male reproductive system; Broncholytin, which is used to suppress cough; Nivalin for use in the peripheral nervous system; Methylprednisolon for severe allergies and life-threatening conditions; Vitamin C; Valeriana, a herbal medicine to reduce the stress; veterinary vaccines; and medical devices, such as gauzes, compresses, and dressing. The company also provides food supplements; medicinal and cosmetic products, including plasters, bandages, herbal cosmetics, and sanitary-hygiene products; and yophilic products, ointments, syrups, drops, suppositories, inhalers, haemodialysis concentrates, sachets, substances, infusion solutions, veterinary vaccines, solutions and chemical substances and mixtu…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SPH reported revenue of 2.6B PLN in FY2025 versus 1.6B PLN in FY2021, a compound +13.0%/yr. Reported net income was 129M PLN in FY2025, compounding +9.6%/yr from FY2021.

Revenue +13.0%/yr
FY21 1.6B PLN
FY22 1.7B PLN
FY23 1.9B PLN
FY24 2.1B PLN
FY25 2.6B PLN
Net income +9.6%/yr
FY21 89.5M PLN
FY22 71.1M PLN
FY23 95.2M PLN
FY24 76.3M PLN
FY25 129M PLN

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Similar stocks

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

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McKesson Corporation M1CK34 R$1,022 R$1,243 +22%
Cencora, Inc C1CO34 R$709.32 R$400.31 -44%
Cardinal Health, Inc CAH $216.30 $110.75 -49%
Sigma Healthcare Limited SIGGF $2.35 $0.6300 -73%
Sitka Gold Corp SIG A$2.76 A$0.3300 -88%
Shanghai Pharmaceuticals Holding 601607 ¥15.96 ¥45.15 +183%

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Frequently asked questions

Is SPH (SPH) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 4.48 PLN versus a price of 7.30 PLN — about −39% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SPH?
Our 21-model fair value for SPH is 4.48 PLN (as of Jun 24, 2026), built from audited fundamentals. The current price is 7.30 PLN.
What is the quality score of SPH?
SPH has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SPH (SPH)?
SPH reported trailing-twelve-month revenue of about 1.4B PLN (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SPH?
The net profit margin of SPH is about 5.8%, meaning it keeps roughly 5.8% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.