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Bachem Holding (BANB) Fair Value & Analysis

Healthcare · CH · Market cap CHF 5.3B

BH Bachem Holding BANB · SW
PriceCHF 75.10
Fair ValueCHF 27.72
Upside-63.1%
Quality56/100
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Expensive Growth
Highly profitable · 21.4% net margin
Low debt · negative free cash flow
1.24% dividend yield
Ranks above peers (9/14)
Wide moat 65/100
Evidence: High Range CHF 20.56 – CHF 34.74 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated today

Share price −0.4% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 34.74). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

CHF 163.08 CHF 43.77 Fair Value CHF 27.72 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range CHF 43.77 – CHF 163.08 · fair‑value band CHF 20.56 – CHF 34.74 · the CHF 75.10 price screens above the CHF 27.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Bachem Holding (BANB) currently trades at CHF 75.10, while our model-based Fair Value estimate is CHF 27.72, implying the stock looks roughly 63.1% overvalued today. The Quality Score stands at 56/100 (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, Bachem Holding generated revenue of CHF 695M at a net margin of 21.4%. Revenue grew 4.7% year over year. It earns a return on equity of 10.4%. Net debt stands at CHF 26.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 20.56 (bear case) to CHF 34.74 (bull case); at CHF 75.10, 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 10% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -63%, BANB 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (CHF 6.20 to CHF 52.77). Read the values as a conservative anchor, not as a price target.
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 CHF 16.90 CHF 18.77 CHF 29.46 76
ROIC Compounder CHF 16.82 CHF 19.41 CHF 24.69 72
Gordon GGM CHF 3.60 CHF 7.18 CHF 10.87 70
All 16 models by family
Earnings-Based
Graham-Dodd CHF 13.50 CHF 52.77 CHF 71.61 54
Lynch FV CHF 12.98 CHF 18.55 CHF 24.11 50
PEG = 1.0 CHF 12.98 CHF 18.55 CHF 24.11 46
EPV CHF 16.82 CHF 19.41 CHF 21.65 59
Dividend Discount
Gordon GGM CHF 3.60 CHF 7.18 CHF 10.87 70
DDM Multi-Stage CHF 3.60 CHF 6.20 CHF 7.58 61
Multiples
P/E Multiple CHF 25.32 CHF 33.76 CHF 42.19 63
P/S Multiple CHF 10.44 CHF 13.91 CHF 17.39 58
P/B Multiple CHF 25.32 CHF 33.76 CHF 42.19 55
EV/EBIT CHF 21.47 CHF 28.49 CHF 35.51 53
EV/EBITDA CHF 19.42 CHF 25.75 CHF 32.09 54
EV/Revenue CHF 10.15 CHF 14.33 CHF 18.50 43
Asset-Based
NCAV (Graham) CHF 9.73 CHF 13.04 CHF 19.46 50
Economic Profit
Residual Income CHF 16.90 CHF 18.77 CHF 29.46 76
ROIC Compounder CHF 16.82 CHF 19.41 CHF 24.69 72
Growth Earnings
Growth-Adj P/E CHF 20.56 CHF 29.38 CHF 38.19 68

Widest divergence: Growth Earnings (CHF 29.38) versus Dividend Discount (CHF 6.20). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) CHF 695M
Revenue growth (YoY) +4.7%
Net margin 21.4%
Return on equity 10.4%
Free cash flow −CHF 48.2M FY2025
P/E ratio 37.9
More key figures
Operating margin 26.3%
EPS (TTM) CHF 1.98
Dividend yield 1.2%
EPS growth (YoY) +16.6%
Net debt CHF 26.4M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 56

Profitability 43
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 79
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

Bachem Holding AG, together with its subsidiaries, provides products for research, clinical development, and commercial application to pharmaceutical and biotechnology companies worldwide.

Full company description

Bachem Holding AG, together with its subsidiaries, provides products for research, clinical development, and commercial application to pharmaceutical and biotechnology companies worldwide. It engages in the development, production, and regulatory support of peptide active pharmaceutical ingredients, such as peptide and oligonucleotide new chemical entities (NCEs). The company also offers commercial NCEs and generics; and project management, quality and regulatory, analytical, good manufacturing practice production, research grade production, and supply and vertical integration services. Bachem Holding AG was incorporated in 1971 and is headquartered in Bubendorf, Switzerland. Bachem Holding AG operates as a subsidiary of Ingro Finanz AG.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bachem Holding reported revenue of CHF 695M in FY2025 versus CHF 503M in FY2021, a compound +8.4%/yr. Reported net income was CHF 149M in FY2025, compounding +6.7%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
CHF 695M
Latest YoY
+14.8%
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.
+9.3%
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.
+11.6%
Avg. growth/yr (23Y) 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.
+6.9%
Revenue +8.4%/yr
FY21 CHF 503M
FY22 CHF 532M
FY23 CHF 577M
FY24 CHF 605M
FY25 CHF 695M
Net income +6.7%/yr
FY21 CHF 115M
FY22 CHF 101M
FY23 CHF 112M
FY24 CHF 120M
FY25 CHF 149M
Character of growth · EPS growth decomposed (2014-2025) +14.5 % p.a.
Revenue per share +11.7 pp

of which total revenue +12.9 pp · buybacks/dilution −1.3 pp

EBIT margin +1.8 pp
Tax rate +0.8 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BANB screens 63% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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

Earlier news

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

Peer Group

Biotechnology · 600 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 56 · Above median
Fair Value upside −63% · Below median
Return on equity (TTM) 10% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 1.2% · Above median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 37.9× · Pricier than median
P/B 4.50× · Pricier than 75% of peers
P/S (TTM) 9.44× · Pricier than median
EV/EBITDA 31.0× · Pricier than 75% of peers
PEG 0.61× · Cheaper 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 24 · sector 0
PAST 42 · sector 0
HEALTH 100 · sector 97
DIVIDEND 25 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Bachem Holding (BANB) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 27.72 versus a price of CHF 75.10, about −63% (overvalued).
What is the fair value of BANB?
Our model-based fair value for Bachem Holding is CHF 27.72 (as of Aug 13, 2026), built from audited fundamentals. The current price is CHF 75.10.
What is the quality score of BANB?
Bachem Holding has a Quality Score of 56/100. 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 Bachem Holding (BANB)?
Bachem Holding reported trailing-twelve-month revenue of about CHF 695M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BANB?
The net profit margin of Bachem Holding is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Bachem Holding pay a dividend?
Bachem Holding currently shows a dividend yield of about 1.11% relative to its recent price (as of Aug 13, 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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