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Galenica Sante AG (GALE) Fair Value & Analysis

Healthcare · CH · Market cap CHF 4.3B · ISIN CH0360674466

What is Galenica Sante AG really worth?

GS Galenica Sante AG GALE · SW
PriceCHF 82.90
Fair ValueCHF 61.79
Upside−25.5%
Quality60/100

A solid business, but trading 34% above our fair value of CHF 61.79.

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Strengths

Healthy Growth (revenue 5y +3.5 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 4.4% net margin
!Mixed vs. peers (7/14)
!Narrow moat 42/100
!Weak on future: 29 out of 100

For context

·3.02% dividend yield
Evidence: High Range CHF 46.34 – CHF 77.24

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 22 days ago

Share price −2.1% 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 77.24). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

CHF 101.34 CHF 57.79 Fair Value CHF 61.79 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 57.79 – CHF 101.34 · fair‑value band CHF 46.34 – CHF 77.24 · the CHF 82.90 price screens above the CHF 61.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Galenica Sante AG (GALE) currently trades at CHF 82.90, while our model-based Fair Value estimate is CHF 61.79, implying the stock looks roughly 34.2% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of CHF 67.99 per share, and 1 of the 25 models we run sit above the CHF 82.90 price. Bear case: the Asset-Based group reads lowest at CHF 19.93, and 24 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Galenica Sante AG generated revenue of CHF 4.1B at a net margin of 4.4%. Revenue grew 5.8% year over year. It earns a return on equity of 12.1%. Net debt stands at CHF 945M. Fundamentals as of Aug 13, 2026

Our scenario range runs from CHF 46.34 (bear case) to CHF 77.24 (bull case); at CHF 82.90, 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 18% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 36% fair-value upside, at −25%, GALE 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 0.7850 per share, which is 1.3 % 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.

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
FCF DCF CHF 45.66 CHF 68.65 CHF 100.03 80
Growth DCF CHF 47.08 CHF 68.30 CHF 96.03 79
Owner Earnings CHF 45.20 CHF 67.99 CHF 99.12 76
All 25 models by family
DCF Models
FCF DCF CHF 45.66 CHF 68.65 CHF 100.03 80
Owner Earnings CHF 45.20 CHF 67.99 CHF 99.12 76
5Y Revenue Exit CHF 34.88 CHF 55.15 CHF 79.82 72
5Y EBITDA Exit CHF 50.08 CHF 82.17 CHF 117.89 75
5Y P/E Exit CHF 43.81 CHF 71.02 CHF 98.00 70
10Y Revenue Exit CHF 37.44 CHF 56.04 CHF 78.57 67
10Y EBITDA Exit CHF 47.84 CHF 73.89 CHF 105.68 68
10Y P/E Exit CHF 44.01 CHF 66.52 CHF 91.52 64
Earnings-Based
Graham-Dodd CHF 24.72 CHF 57.93 CHF 74.53 65
PEG = 1.0 CHF 9.92 CHF 14.18 CHF 18.43 57
EPV CHF 23.87 CHF 29.18 CHF 33.76 74
Dividend Discount
Gordon GGM CHF 20.29 CHF 33.81 CHF 49.24 67
DDM Multi-Stage CHF 20.29 CHF 29.53 CHF 39.34 67
Multiples
P/E Multiple CHF 59.97 CHF 79.96 CHF 99.96 63
P/S Multiple CHF 46.34 CHF 61.79 CHF 77.24 58
P/B Multiple CHF 46.34 CHF 61.79 CHF 77.24 55
EV/EBIT CHF 47.25 CHF 66.26 CHF 85.26 66
EV/EBITDA CHF 61.72 CHF 85.55 CHF 109.38 67
EV/Revenue CHF 30.93 CHF 48.37 CHF 65.81 53
Asset-Based
NCAV (Graham) CHF 14.87 CHF 19.93 CHF 29.74 54
Growth DCF
Growth DCF CHF 47.08 CHF 68.30 CHF 96.03 79
Rev-Margin DCF CHF 34.88 CHF 55.92 CHF 78.64 72
Economic Profit
Residual Income CHF 27.40 CHF 31.65 CHF 52.21 74
ROIC Compounder CHF 23.87 CHF 29.18 CHF 36.13 72
Growth Earnings
Growth-Adj P/E CHF 45.22 CHF 64.59 CHF 83.97 67

Widest divergence: DCF Models (CHF 67.99) versus Asset-Based (CHF 19.93). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 22.7
P/S ratio 0.99 P/E × margin
EPS (TTM) CHF 3.66 price ÷ EPS = P/E 22.7
Dividend yield 3.0% payout 68.3%
Net margin 4.4% FY2025
Return on equity 12.1% TTM
More key figures
Profitability
Return on assets (EBIT) 6.8% avg 5y
Operating margin 5.7% TTM
Growth
Revenue (TTM) CHF 4.1B TTM
Revenue growth (YoY) +5.8% 3y avg +1.0%
EPS growth (YoY) −11.1%
Balance sheet & cash flow
Free cash flow CHF 272M FY2025
Net debt CHF 945M FY2025 · ≈ 3.5 yrs of FCF

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 50

Profitability 48
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 20
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.

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

Galenica AG provides healthcare services in Switzerland and internationally. It operates through two segments, Products & Care, and Logistics & IT. The Products & Care segment operates and manages pharmacies and partner pharmacies under the Amavita, Sun Store, and Coop Vitality brands, as well as covers specialty pharmacy mediservice.

Full company description

Galenica AG provides healthcare services in Switzerland and internationally. It operates through two segments, Products & Care, and Logistics & IT. The Products & Care segment operates and manages pharmacies and partner pharmacies under the Amavita, Sun Store, and Coop Vitality brands, as well as covers specialty pharmacy mediservice. This segment also offers medication for treatment of patients at home; laboratory medicine, pathology and specialized personalized diagnostic services; and develops, markets, and sells healthcare services and products through various distribution channels. The Logistics & IT segment provides various specialized pre-wholesale services, including storage, distribution, and debt collection to pharmaceutical and healthcare companies. This segment also offers master data systems for the healthcare market; develops management solutions for the healthcare market; and publishes printed and electronic technical information on pharmaceutical products, as well as offers complete management solutions for pharmacies. In addition, it provides on-schedule delivery services to pharmacies, drugstores, doctors, hospitals, and care homes. The company was founded in 1927 and is headquartered in Bern, Switzerland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Galenica Sante AG reported revenue of CHF 4.1B in FY2025 versus CHF 3.8B in FY2021, a compound +1.9%/yr. Reported net income was CHF 181M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 65/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
CHF 4.1B
Latest YoY
+5.5%
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.
+1.0%
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.
+3.5%
Avg. revenue growth/yr (11Y) 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.
+3.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.4% (1.4 + 3.0)
Revenue +1.9%/yr
FY21 CHF 3.8B
FY22 CHF 4.0B
FY23 CHF 3.7B
FY24 CHF 3.9B
FY25 CHF 4.1B
Net income +1.9%/yr
FY21 CHF 168M
FY22 CHF 165M
FY23 CHF 174M
FY24 CHF 183M
FY25 CHF 181M
Character of growth · EPS growth decomposed (2014-2025) +9.1 % p.a.
Revenue per share +3.4 %

of which total revenue +3.4 % · buybacks/dilution +0.0 %

EBIT margin +2.8 %
Tax rate +0.4 %
Residual (interest, one-offs) +2.2 %

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).

GALE screens 34% overvalued. Compare with McKesson Corporation →

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Cite: Fair Value Calculator (2026). "Galenica Sante AG Fair Value". https://www.fairvalue-calculator.com/stock/GALE

Earlier news

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

Peer Group

Medical Distribution · 78 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 60 · Top 25%
Fair Value upside −26% · Below median
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 4% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 22.7× · Pricier than median
P/B 3.59× · Pricier than 75% of peers
P/S (TTM) 1.28× · Pricier than 75% of peers
P/FCF 19.6× · Pricier than 75% of peers
EV/EBITDA 21.7× · Pricier 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 26
FUTURE29 · sector 14
PAST48 · sector 22
HEALTH80 · sector 97
DIVIDEND60 · sector 57

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

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

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $906.77 $819.31 −10%
Cencora, Inc COR $330.97 $211.07 −36%
Cardinal Health, Inc CAH $234.55 $141.77 −40%
Henry Schein, Inc HSIC $88.46 $71.70 −19%
Shanghai Pharmaceuticals Holding 601607 ¥16.37 ¥33.96 +107%
Sinopharm Group 1099 HK$16.75 HK$58.67 +250%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.03 ¥28.65 +36%
Jointown Pharmaceutical Group 600998 ¥5.04 ¥9.84 +95%
Asker Healthcare Group ASKER kr 74.40 kr 28.26 −62%
China National Medicines Corporation 600511 ¥26.84 ¥58.22 +117%

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Frequently asked questions

Is Galenica Sante AG (GALE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of CHF 61.79 versus a price of CHF 82.90, about −25% upside (overvalued).
What is the fair value of GALE?
Our model-based fair value for Galenica Sante AG is CHF 61.79 (as of Aug 13, 2026), built from audited fundamentals. The current price: CHF 82.90.
What is the quality score of GALE?
Galenica Sante AG has a Quality Score of 60/100. 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 Galenica Sante AG (GALE)?
Galenica Sante AG reported trailing-twelve-month revenue of about CHF 4.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GALE?
The net profit margin of Galenica Sante AG is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Galenica Sante AG pay a dividend?
Galenica Sante AG currently shows a dividend yield of about 3.02% relative to its recent price (as of Aug 13, 2026).
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