Faes Farma, S.A. (FAE.MC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-29.6%

€3.39

vs €4.82 price

Levered DCF

€4.75

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.82

Grey zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	19.85×	9.67×	10.53×	12.1×	12.43×	13.42×	21.74×	15.63×
P/B	2.16×	1.48×	1.46×	1.78×	1.89×	2.07×	3.31×	2.2×
P/S	2.63×	2.18×	2.15×	2.45×	2.54×	2.57×	3.82×	2.44×
EV / EBITDA	18.65×	7.95×	7.79×	8.56×	8.67×	8.97×	15.23×	10.58×
Gross margin	37.4%	66.1%	65.9%	64.3%	63.3%	63.1%	63.6%	62.9%
Operating margin	11.9%	21.7%	18.0%	18.1%	16.9%	16.1%	22.1%	19.1%
Net margin	13.0%	22.6%	20.4%	20.4%	20.7%	19.1%	17.9%	15.9%
Current ratio	2.61×	3.23×	3.34×	3.32×	3.7×	3.42×	3.09×	2.1×
Debt / equity	0.55×	0.01×	0.04×	0.05×	0.03×	0.03×	0.04×	0.15×
Interest coverage	11.51×	247.31×	118.74×	120.23×	109.64×	111.14×	1,545.27×	242.22×
Dividend yield	3.5%	4.5%	1.5%	1.7%	1.4%	1.2%	0.8%	1.0%
Payout ratio	70.0%	43.3%	15.9%	20.3%	16.7%	15.9%	16.2%	14.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.7%	15.3%	13.9%	14.9%	15.4%	15.4%	15.5%	14.3%
Return on invested capital	5.7%	14.2%	10.2%	10.6%	10.4%	10.8%	15.7%	12.1%
Return on assets	5.9%	13.1%	11.8%	12.3%	12.8%	12.9%	13.0%	10.7%
Free cash flow yield	3.9%	7.1%	-0.1%	2.4%	2.0%	5.4%	3.4%	5.9%
Earnings yield	5.0%	10.3%	9.5%	8.3%	8.1%	7.4%	4.7%	6.5%
Enterprise value	€1.9B	€1B	€957.3M	€1B	€960.5M	€899.4M	€1.3B	€766.4M
Net debt / EBITDA	2.87×	-0.44×	-0.09×	-0.28×	-0.49×	-0.77×	-0.44×	-0.33×
Cash conversion cycle (days)	197	297	305	275	275	229	198	164