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Ypsomed Holding (YPSN) Fair Value & Analysis

Healthcare · CH · Market cap CHF 5.0B

YH Ypsomed Holding YPSN · SW
PriceCHF 392.00
Fair ValueCHF 182.01
Upside-53.6%
Quality64/100
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Expensive Growth
Highly profitable · 30.4% net margin
Low debt · negative free cash flow
1.17% dividend yield
Mixed vs. peers (6/14)
Wide moat 85/100
Evidence: High Range CHF 122.48 – CHF 380.08 Share as image

Fair value as of: Jul 18, 2026

From 16 valuation models · updated 22 days ago

Fair value updated Jul 18, 2026, revised from CHF 183.47 to CHF 182.01 (−0.8%) since Jun 24, 2026. Share price +11.6% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 380.08). The favourable scenario is already priced in.
  • The model range is unusually wide (CHF 122.48 to CHF 380.08). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 430.68 CHF 119.83 Fair Value CHF 182.01 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range CHF 119.83 – CHF 430.68 · fair‑value band CHF 122.48 – CHF 380.08 · the CHF 392.00 price screens above the CHF 182.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

Full chart & analysis →

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Analysis

Ypsomed Holding (YPSN) currently trades at CHF 392.00, while our model-based Fair Value estimate is CHF 182.01, implying the stock looks roughly 53.6% overvalued today. The Quality Score stands at 64/100 (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: high).

Over the trailing twelve months, Ypsomed Holding generated revenue of CHF 731M at a net margin of 30.4%. Revenue declined 13.3% year over year. It earns a return on equity of 31.1%. Net debt stands at CHF 232M. Fundamentals as of Jul 18, 2026

Our scenario range runs from CHF 122.48 (bear case) to CHF 380.08 (bull case); at CHF 392.00, 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 11% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -54%, YPSN 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 BearBaseBull Evidence
Highest evidence
Residual Income CHF 116.22 CHF 172.02 CHF 1,478 76
ROIC Compounder CHF 158.05 CHF 198.76 CHF 244.60 72
Gordon GGM CHF 20.06 CHF 39.96 CHF 60.51 70
All 16 models by family
Earnings-Based
Graham-Dodd CHF 114.79 CHF 382.92 CHF 512.68 54
Lynch FV CHF 86.85 CHF 124.07 CHF 161.29 50
PEG = 1.0 CHF 86.85 CHF 124.07 CHF 161.29 46
EPV CHF 146.81 CHF 170.99 CHF 191.85 59
Dividend Discount
Gordon GGM CHF 20.06 CHF 39.96 CHF 60.51 70
DDM Multi-Stage CHF 20.06 CHF 33.64 CHF 42.18 61
Multiples
P/E Multiple CHF 278.53 CHF 371.37 CHF 464.21 63
P/S Multiple CHF 145.95 CHF 194.60 CHF 243.25 58
P/B Multiple CHF 192.06 CHF 256.07 CHF 320.09 55
EV/EBIT CHF 232.32 CHF 311.86 CHF 391.41 53
EV/EBITDA CHF 255.86 CHF 343.26 CHF 430.65 54
EV/Revenue CHF 110.43 CHF 160.47 CHF 210.51 43
Asset-Based
NCAV (Graham) CHF 28.45 CHF 38.13 CHF 56.91 50
Economic Profit
Residual Income CHF 116.22 CHF 172.02 CHF 1,478 76
ROIC Compounder CHF 158.05 CHF 198.76 CHF 244.60 72
Growth Earnings
Growth-Adj P/E CHF 234.78 CHF 335.40 CHF 436.01 68

Widest divergence: Growth Earnings (CHF 335.40) versus Dividend Discount (CHF 33.64). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) CHF 731M
Revenue growth (YoY) -13.3%
Net margin 30.4%
Return on equity 31.1%
Free cash flow −CHF 16.3M FY2026
P/E ratio 23.2
More key figures
Operating margin 26.5%
EPS (TTM) CHF 16.31
Dividend yield 1.2%
EPS growth (YoY) +51.7%
Net debt CHF 232M FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 65

Profitability 74
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 81
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

Ypsomed Holding AG, together with its subsidiaries, develops, manufactures, and sells injection and infusion systems for safe and simple self-medication in Switzerland, Europe, North America, and internationally. The company offers various injection systems, such as pen injectors, auto-injectors, and wearable injectors, as well as other related services.

Full company description

Ypsomed Holding AG, together with its subsidiaries, develops, manufactures, and sells injection and infusion systems for safe and simple self-medication in Switzerland, Europe, North America, and internationally. The company offers various injection systems, such as pen injectors, auto-injectors, and wearable injectors, as well as other related services. It offers contract manufacturing of infusion sets and reservoirs. The company markets its products to hospitals, doctors, pharmacies and patients via subsidiaries and distributors. Ypsomed Holding AG was founded in 1984 and is headquartered in Burgdorf, Switzerland.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Ypsomed Holding reported revenue of CHF 731M in FY2026 versus CHF 465M in FY2022, a compound +12.0%/yr. Reported net income was CHF 222M in FY2026, compounding +76.0%/yr from FY2022.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
CHF 731M
Latest YoY
−2.4%
Avg. growth/yr (3Y)
+13.7%
Avg. growth/yr (5Y)
+12.6%
Avg. growth/yr (24Y)
+8.6%
Revenue +12.0%/yr
FY22 CHF 465M
FY23 CHF 497M
FY24 CHF 548M
FY25 CHF 749M
FY26 CHF 731M
Net income +76.0%/yr
FY22 CHF 23.1M
FY23 CHF 51.3M
FY24 CHF 78.4M
FY25 CHF 87.5M
FY26 CHF 222M

YPSN screens 54% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Ypsomed Holding Fair Value". https://www.fairvalue-calculator.com/stock/YPSN

Peer Group

Medical Instruments & Supplies · 203 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 64 · Above median
Fair Value upside −54% · Below median
Return on equity (TTM) 31% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth -13% · Bottom 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 23.2× · Cheaper than median
P/B 8.21× · Pricier than 75% of peers
P/S (TTM) 8.40× · Pricier than 75% of peers
EV/EBITDA 19.1× · Pricier than median
PEG 3.37× · Pricier than 75% of peers

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 0 · sector 0
FUTURE 0 · sector 27
PAST 100 · sector 25
HEALTH 93 · sector 96
DIVIDEND 23 · sector 32

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Ypsomed Holding (YPSN) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of CHF 182.01 versus a price of CHF 392.00, about −54% (overvalued).
What is the fair value of YPSN?
Our model-based fair value for Ypsomed Holding is CHF 182.01 (as of Jul 18, 2026), built from audited fundamentals. The current price is CHF 392.00.
What is the quality score of YPSN?
Ypsomed Holding has a Quality Score of 64/100. 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 Ypsomed Holding (YPSN)?
Ypsomed Holding reported trailing-twelve-month revenue of about CHF 731M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of YPSN?
The net profit margin of Ypsomed Holding is about 30.4%, meaning it keeps roughly 30.4% of revenue as net income. Based on the latest reported figures.
Does Ypsomed Holding pay a dividend?
Ypsomed Holding currently shows a dividend yield of about 1.27% relative to its recent price (as of Jul 18, 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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