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Vistin Pharma ASA (VISTN) Fair Value & Analysis

Healthcare · NO · Market cap 913M NOK

VP Vistin Pharma ASA VISTN · OL
Pricekr 19.90
Fair Valuekr 33.24
Upside+67.0%
Quality70/100
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Healthy Growth
Solidly profitable · 16.6% net margin
generates free cash flow
7.43% dividend yield
Ranks above peers (10/13)
Wide moat 72/100
Evidence: High Range kr 19.41 – kr 43.27 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from kr 33.21 to kr 33.24 (+0.1%) since Jun 24, 2026. Share price −2.5% over the past month.

A solid business, screening 67% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (kr 19.41 to kr 43.27) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 25.51 kr 9.79 Fair Value kr 33.24 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 9.79 – kr 25.51 · fair‑value band kr 19.41 – kr 43.27 · the kr 19.90 price screens below the kr 33.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Vistin Pharma ASA (VISTN) currently trades at kr 19.90, while our model-based Fair Value estimate is kr 33.24, implying the stock looks roughly 67.0% undervalued today. The Quality Score stands at 70/100 (solid 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, Vistin Pharma ASA generated revenue of 449M NOK at a net margin of 16.6%. Revenue declined 2.5% year over year. It earns a return on equity of 21.9%. Net debt stands at 43.7M NOK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 19.41 (bear case) to kr 43.27 (bull case); at kr 19.90, 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 19% 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 -49% fair-value upside, at 67%, VISTN screens cheaper 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
Residual Income kr 9.10 kr 11.14 kr 25.37 76
Growth DCF kr 14.31 kr 21.77 kr 32.12 72
Gordon GGM kr 9.71 kr 17.50 kr 24.09 70
All 26 models by family
DCF Models
FCF DCF kr 14.43 kr 22.68 kr 34.74 38
Owner Earnings kr 18.83 kr 29.68 kr 45.52 31
5Y Revenue Exit kr 17.06 kr 29.17 kr 45.33 39
5Y EBITDA Exit kr 20.91 kr 36.84 kr 56.42 41
5Y P/E Exit kr 21.25 kr 37.52 kr 55.67 38
10Y Revenue Exit kr 15.29 kr 25.68 kr 40.96 36
10Y EBITDA Exit kr 18.11 kr 30.72 kr 49.17 37
10Y P/E Exit kr 18.32 kr 31.16 kr 48.61 35
Earnings-Based
Graham-Dodd kr 11.46 kr 47.21 kr 64.31 54
Lynch FV kr 11.88 kr 16.97 kr 22.07 50
PEG = 1.0 kr 11.88 kr 16.97 kr 22.07 46
EPV kr 15.37 kr 17.41 kr 19.11 59
Dividend Discount
Gordon GGM kr 9.71 kr 17.50 kr 24.09 70
DDM Multi-Stage kr 9.71 kr 15.99 kr 18.69 61
Multiples
P/E Multiple kr 27.81 kr 37.09 kr 46.36 63
P/S Multiple kr 21.49 kr 28.66 kr 35.82 58
P/B Multiple kr 21.49 kr 28.66 kr 35.82 55
EV/EBIT kr 26.92 kr 35.77 kr 44.63 53
EV/EBITDA kr 27.57 kr 36.64 kr 45.71 54
EV/Revenue kr 19.32 kr 27.44 kr 35.57 43
Asset-Based
NCAV (Graham) kr 3.71 kr 4.97 kr 7.41 50
Growth DCF
Growth DCF kr 14.31 kr 21.77 kr 32.12 72
Rev-Margin DCF kr 17.06 kr 28.92 kr 43.65 67
Economic Profit
Residual Income kr 9.10 kr 11.14 kr 25.37 76
ROIC Compounder kr 16.75 kr 20.79 kr 25.44 67
Growth Earnings
Growth-Adj P/E kr 21.03 kr 30.04 kr 39.06 68

Widest divergence: Growth Earnings (kr 30.04) versus Asset-Based (kr 4.97). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 449M NOK
Revenue growth (YoY) -2.5%
Net margin 16.6%
Return on equity 21.9%
Free cash flow 61.4M NOK FY2025
P/E ratio 12.0
More key figures
Operating margin 19.2%
EPS (TTM) kr 1.71
Dividend yield 7.4%
EPS growth (YoY) -1.2%
Net debt 43.7M NOK FY2022

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 45

Profitability 83
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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

Vistin Pharma ASA, through its subsidiary, Vistin Pharma AS, engages in the production and sale of active pharmaceutical ingredients (APIs) in Africa, Europe, Asia, and North and South America. It offers metformin HCl; metformin direct compressible; and metformin premixed with lubricant magnesium stearate for use in plain metformin immediate release tablets.

Full company description

Vistin Pharma ASA, through its subsidiary, Vistin Pharma AS, engages in the production and sale of active pharmaceutical ingredients (APIs) in Africa, Europe, Asia, and North and South America. It offers metformin HCl; metformin direct compressible; and metformin premixed with lubricant magnesium stearate for use in plain metformin immediate release tablets. The company was founded in 1969 and is based in Oslo, Norway.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vistin Pharma ASA reported revenue of kr 452M in FY2025 versus kr 279M in FY2021, a compound +12.9%/yr. Reported net income was kr 74.8M in FY2025, compounding +31.6%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
452M NOK
Latest YoY
+5.4%
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.
+16.3%
Avg. 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.
+12.3%
Avg. growth/yr (9Y) 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.
+11.4%
Revenue +12.9%/yr
FY21 kr 279M
FY22 kr 288M
FY23 kr 435M
FY24 kr 429M
FY25 kr 452M
Net income +31.6%/yr
FY21 kr 25.0M
FY22 −kr 4.7M
FY23 kr 45.6M
FY24 kr 62.8M
FY25 kr 74.8M

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Cite: Fair Value Calculator (2026). "Vistin Pharma ASA Fair Value". https://www.fairvalue-calculator.com/stock/VISTN

Peer Group

Drug Manufacturers - Specialty & Generic · 623 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 70 · Top 25%
Fair Value upside +67% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -3% · Below median
Dividend yield (TTM) 7.4% · Top 25%

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

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/B 2.78× · Pricier than median
P/S (TTM) 2.03× · Pricier than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 8.1× · Cheaper than median

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 100 · sector 6
FUTURE 0 · sector 20
PAST 88 · sector 24
HEALTH 0 · sector 97
DIVIDEND 100 · sector 34

Insider activity: 45/100

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 19, 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%

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Frequently asked questions

Is Vistin Pharma ASA (VISTN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 33.24 versus a price of kr 19.90, about +67% (undervalued).
What is the fair value of VISTN?
Our model-based fair value for Vistin Pharma ASA is kr 33.24 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 19.90.
What is the quality score of VISTN?
Vistin Pharma ASA has a Quality Score of 70/100. 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 Vistin Pharma ASA (VISTN)?
Vistin Pharma ASA reported trailing-twelve-month revenue of about 449M NOK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of VISTN?
The net profit margin of Vistin Pharma ASA is about 16.6%, meaning it keeps roughly 16.6% of revenue as net income. Based on the latest reported figures.
Does Vistin Pharma ASA pay a dividend?
Vistin Pharma ASA currently shows a dividend yield of about 7.14% relative to its recent price (as of Jul 19, 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.

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