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Sartorius Stedim Biotech SA (DIM) Fair Value & Analysis

Healthcare · FR · Market cap €17.8B · ISIN FR0013154002

What is Sartorius Stedim Biotech SA really worth?

SS Sartorius Stedim Biotech SA DIM · PA
Price€190.30
Fair Value€48.88
Upside−74.3%
Quality48/100

Below-average quality, and trading another 289% above our fair value of €48.88.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +9.2 %/yr)
!Thin margins · 9.0% net margin
!Trails peers (3/15)
!Moderate moat 50/100
!Weak on future: 12 out of 100
!Weak on past: 26 out of 100
!Weak on dividend: 8 out of 100
Evidence: High Range €32.37 – €75.07

Fair value as of: Aug 31, 2026

From 26 valuation models · updated 5 days ago

Share price +9.5% 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 (€75.07). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€32.37 to €75.07) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€538.09 €144.21 Fair Value €48.88 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range €144.21 – €538.09 · fair‑value band €32.37 – €75.07 · the €190.30 price screens above the €48.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

Sartorius Stedim Biotech SA (DIM) currently trades at €190.30, while our model-based Fair Value estimate is €48.88, implying the stock looks roughly 289.3% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Healthcare sector. Bull case: the Multiples group reads highest at a median of €58.54 per share, and 0 of the 26 models we run sit above the €190.30 price. Bear case: the Dividend Discount group reads lowest at €11.10, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Sartorius Stedim Biotech SA generated revenue of €3.0B at a net margin of 9.0%. Revenue grew 2.3% year over year. It earns a return on equity of 6.6%. Net debt stands at €2.3B. Fundamentals as of Aug 31, 2026

Our scenario range runs from €32.37 (bear case) to €75.07 (bull case); at €190.30, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 15% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −45% fair-value upside, at −74%, DIM 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 €1.88 per share, which is 3.8 % 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 (€11.10 to €116.33). 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 best evidence €33.57 €34.93 €36.39 76
EPV €28.42 €35.63 €41.94 74
5Y EBITDA Exit €50.66 €116.33 €201.08 72
All 26 models by family
DCF Models
FCF DCF €4.79 €21.40 €50.79 71
Owner Earnings €10.87 €32.63 €71.14 69
5Y Revenue Exit €26.24 €65.35 €120.13 68
5Y EBITDA Exit €50.66 €116.33 €201.08 72
5Y P/E Exit €19.92 €52.17 €89.81 67
10Y Revenue Exit €17.14 €52.09 €108.70 61
10Y EBITDA Exit €35.20 €89.72 €177.31 63
10Y P/E Exit €14.72 €42.36 €83.01 59
Earnings-Based
Graham-Dodd €18.56 €89.90 €123.82 64
Lynch FV €24.06 €34.37 €44.68 61
PEG = 1.0 €24.06 €34.37 €44.68 57
EPV €28.42 €35.63 €41.94 74
Dividend Discount
Gordon GGM €6.33 €13.17 €20.89 66
DDM Multi-Stage €6.33 €11.10 €13.82 66
Multiples
P/E Multiple €45.04 €60.06 €75.07 63
P/S Multiple €34.81 €46.41 €58.01 58
P/B Multiple €34.81 €46.41 €58.01 55
EV/EBIT €57.13 €81.11 €105.10 65
EV/EBITDA €78.77 €109.96 €141.15 67
EV/Revenue €36.54 €58.54 €80.55 53
Asset-Based
NCAV (Graham) €21.02 €28.17 €42.04 54
Growth DCF
Growth DCF €4.58 €19.65 €45.51 70
Rev-Margin DCF €26.24 €63.58 €112.40 69
Economic Profit
Residual Income best evidence €33.57 €34.93 €36.39 76
ROIC Compounder €28.42 €35.63 €41.94 72
Growth Earnings
Growth-Adj P/E €38.37 €54.82 €71.27 67

Widest divergence: Multiples (€58.54) versus Dividend Discount (€11.10). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 68.7
P/S ratio 6.15 P/E × margin
EPS (TTM) €2.77 price ÷ EPS = P/E 68.7
Dividend yield 0.4% payout 26.6%
Net margin 9.0% FY2025
Return on equity 6.6% TTM
More key figures
Profitability
Return on assets (EBIT) 12.5% avg 5y
Operating margin 19.6% TTM
Growth
Revenue (TTM) €3.0B TTM
Revenue growth (YoY) +2.3% 3y avg −5.3%
EPS growth (YoY) +3.4%
Balance sheet & cash flow
Free cash flow €145M FY2025
Net debt €2.3B FY2025 · ≈ 16.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 49

Profitability 32
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 70
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

Sartorius Stedim Biotech S.A. engages in the production and sale of instruments and consumables for the biopharmaceutical industry worldwide.

Full company description

Sartorius Stedim Biotech S.A. engages in the production and sale of instruments and consumables for the biopharmaceutical industry worldwide. The company offers various products, such as cell lines; cell culture media; bioreactors; reagents; advanced therapies; and a range of products for separation, purification, and concentration processes, as well as products and systems for storage and transportation of intermediate and finished biological products. It also provides fluid management services; biolayer interferometry instruments; microbiology testing, sterility testing, and air monitoring instruments; pipette products; sensors and analyzers; screening instruments; biomolecule analysis tools; batch liquid chromatography systems; lab data and fleet management software; live cell imaging and analysis; surface plasmon resonance solutions; water purification systems; and weighing products. In addition, the company offers data analytics software; process automation platform and software; and transfection reagents and plasmid DNA solutions. The company has a collaboration with Bio Usawa Biotechnology, Ltd. focusing on developing and manufacturing monoclonal antibodies in Sub-Saharan Africa to tackle oncology, diabetes-induced eye diseases, infectious diseases, and autoimmune conditions. It serves manufacturers of medications, vaccines, food, and chemicals, as well as research and development laboratories. The company was incorporated in 1978 and is headquartered in Aubagne, France. Sartorius Stedim Biotech S.A. is a subsidiary of Sartorius AG.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sartorius Stedim Biotech SA reported revenue of €3.0B in FY2025 versus €2.9B in FY2021, a compound +0.7%/yr. Reported net income was €266M in FY2025, compounding −10.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€3.0B
Latest YoY
+6.7%
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.
−5.3%
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.
+9.2%
Avg. revenue growth/yr (20Y) 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.
+9.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−5.2% (−5.6 + 0.4)
Revenue +0.7%/yr
FY21 €2.9B
FY22 €3.5B
FY23 €2.8B
FY24 €2.8B
FY25 €3.0B
Net income −10.5%/yr
FY21 €414M
FY22 €876M
FY23 €310M
FY24 €175M
FY25 €266M
Character of growth · EPS growth decomposed (2014-2025) +8.6 % p.a.
Revenue per share +13.6 %

of which total revenue +14.0 % · buybacks/dilution −0.4 %

EBIT margin −2.3 %
Tax rate +0.7 %
Residual (interest, one-offs) −2.8 %

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).

DIM screens 289% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Sartorius Stedim Biotech SA Fair Value". https://www.fairvalue-calculator.com/stock/DIM

Earlier news

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

Peer Group

Medical Instruments & Supplies · 194 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 48 · Below median
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 4% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.46× · Higher than 75% of peers

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

P/E (TTM) 68.7× · Pricier than 75% of peers
P/B 5.06× · Pricier than 75% of peers
P/S (TTM) 6.94× · Pricier than 75% of peers
P/FCF 142.5× · Pricier than 75% of peers
EV/EBITDA 28.1× · Pricier than 75% of peers
PEG 1.61× · Pricier than median

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
FUTURE12 · sector 29
PAST26 · sector 26
HEALTH77 · sector 96
DIVIDEND8 · sector 30

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

Insider activity: 30/100

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $367.07 $150.04 −59%
EssilorLuxottica Société anonyme EL €160.35 €94.93 −41%
Medline Inc MDLN $36.59 $30.15 −18%
Becton, Dickinson and Company BDX $187.12 $100.46 −46%
Alcon Inc ALC $72.23 $39.78 −45%
ResMed Inc RMD A$33.19 A$26.23 −21%
West Pharmaceutical Services, Inc WST $337.47 $141.58 −58%
Straumann Holding STMN CHF 97.38 CHF 47.31 −51%
Sartorius Aktiengesellschaft SRT3 €253.50 €63.30 −75%
Coloplast A/S COLOB kr 435.80 kr 382.22 −12%

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Frequently asked questions

Is Sartorius Stedim Biotech SA (DIM) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of €48.88 versus a price of €190.30, about −74% upside (overvalued).
What is the fair value of DIM?
Our model-based fair value for Sartorius Stedim Biotech SA is €48.88 (as of Aug 31, 2026), built from audited fundamentals. The current price: €190.30.
What is the quality score of DIM?
Sartorius Stedim Biotech SA has a Quality Score of 48/100. 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 Sartorius Stedim Biotech SA (DIM)?
Sartorius Stedim Biotech SA reported trailing-twelve-month revenue of about €3.0B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of DIM?
The net profit margin of Sartorius Stedim Biotech SA is about 9.0%, meaning it keeps roughly 9.0% of revenue as net income. Based on the latest reported figures.
Does Sartorius Stedim Biotech SA pay a dividend?
Sartorius Stedim Biotech SA currently shows a dividend yield of about 0.39% relative to its recent price (as of Aug 31, 2026).
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