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Bachem Holding AG (BANB) Fair Value & Analysis

Healthcare · CH · Market cap CHF 5.3B · ISIN CH0012530207

What is Bachem Holding AG really worth?

BH Bachem Holding AG BANB · SW
PriceCHF 77.10
Fair ValueCHF 27.72
Upside−64.1%
Quality56/100

A solid business, but trading 178% above our fair value of CHF 27.72.

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Strengths

Highly profitable · 21.4% net margin
Wide moat 65/100

Risks

!Expensive Growth (revenue 5y +11.6 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (8/14)
!Weak on future: 24 out of 100
!Weak on dividend: 12 out of 100

For context

·0.58% dividend yield
Evidence: High Range CHF 20.56 – CHF 34.74

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 22 days ago

Share price +5.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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.

Price vs Fair Value (5 years)

CHF 163.08 CHF 43.77 Fair Value CHF 27.72 Jun 2021 Sep 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 77.10 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 AG (BANB) currently trades at CHF 77.10, while our model-based Fair Value estimate is CHF 27.72, implying the stock looks roughly 178.2% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of CHF 29.38 per share, and 0 of the 16 models we run sit above the CHF 77.10 price. Bear case: the Dividend Discount group reads lowest at CHF 6.20, and 16 of the 16 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Bachem Holding AG 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 77.10, 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 7% below its 52-week high and 60% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −59% fair-value upside, at −64%, BANB screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly CHF 1.04 per share, which is 3.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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 75
EPV CHF 16.82 CHF 19.41 CHF 21.65 74
ROIC Compounder CHF 16.82 CHF 19.41 CHF 24.69 72
All 16 models by family
Earnings-Based
Graham-Dodd CHF 13.50 CHF 52.77 CHF 71.61 64
Lynch FV CHF 12.98 CHF 18.55 CHF 24.11 61
PEG = 1.0 CHF 12.98 CHF 18.55 CHF 24.11 57
EPV CHF 16.82 CHF 19.41 CHF 21.65 74
Dividend Discount
Gordon GGM CHF 3.60 CHF 7.18 CHF 10.87 67
DDM Multi-Stage CHF 3.60 CHF 6.20 CHF 7.58 67
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 66
EV/EBITDA CHF 19.42 CHF 25.75 CHF 32.09 67
EV/Revenue CHF 10.15 CHF 14.33 CHF 18.50 54
Asset-Based
NCAV (Graham) CHF 9.73 CHF 13.04 CHF 19.46 54
Economic Profit
Residual Income CHF 16.90 CHF 18.77 CHF 29.46 75
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 67

Widest divergence: Growth Earnings (CHF 29.38) versus Dividend Discount (CHF 6.20). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 38.9
P/S ratio 8.34 P/E × margin
EPS (TTM) CHF 1.98 price ÷ EPS = P/E 38.9
Dividend yield 0.6% payout 22.7%
Net margin 21.4% FY2025
Return on equity 10.4% TTM
More key figures
Profitability
Return on assets (EBIT) 8.1% avg 5y
Operating margin 26.3% TTM
Growth
Revenue (TTM) CHF 695M TTM
Revenue growth (YoY) +4.7% 3y avg +9.3%
EPS growth (YoY) +16.6%
Balance sheet & cash flow
Free cash flow −CHF 48.2M FY2025
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) 66

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 67
Price trend over the last 3–12 months (market factor)
52W Momentum 72
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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 AG 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+12.8% (12.2 + 0.6)
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 %

of which total revenue +12.9 % · buybacks/dilution −1.1 %

EBIT margin +1.8 %
Tax rate +0.8 %
Residual (interest, one-offs) −0.1 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BANB screens 178% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Bachem Holding AG 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 · 622 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 −64% · 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) 0.6% · Below median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 38.9× · Pricier than median
P/B 4.51× · Pricier than 75% of peers
P/S (TTM) 9.47× · Pricier than median
EV/EBITDA 31.1× · Pricier than 75% of peers
PEG 0.61× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE24 · sector 0
PAST42 · sector 0
HEALTH100 · sector 98
DIVIDEND12 · sector 26

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

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 $547.55 $278.78 −49%
Regeneron Pharmaceuticals, Inc REGN $807.71 $594.40 −26%
argenx SE ARGX €877.60 €292.84 −67%
Samsung Biologics Co 207940 1,518,000 KRW 1,055,793 KRW −30%
CSL Limited CSL A$174.50 A$141.68 −19%
Alnylam Pharmaceuticals, Inc ALNY $228.61 $51.70 −77%
Royalty Pharma plc RPRX $60.58 $24.22 −60%
Celltrion, Inc 068270 190,700 KRW 74,519 KRW −61%
BeOne Medicines AG ONC $362.51 $111.35 −69%
BioNTech SE BNTX $111.40 $45.66 −59%

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Frequently asked questions

Is Bachem Holding AG (BANB) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 27.72 versus a price of CHF 77.10, about −64% upside (overvalued).
What is the fair value of BANB?
Our model-based fair value for Bachem Holding AG is CHF 27.72 (as of Aug 13, 2026), built from audited fundamentals. The current price: CHF 77.10.
What is the quality score of BANB?
Bachem Holding AG 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 AG (BANB)?
Bachem Holding AG 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 AG is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Bachem Holding AG pay a dividend?
Bachem Holding AG currently shows a dividend yield of about 0.58% relative to its recent price (as of Aug 13, 2026).
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