EN DE

Santen Pharmaceutical Co (SNPHY) Fair Value & Analysis

Healthcare · US · Market cap $3.9B · ISIN US80287P1003

What is Santen Pharmaceutical Co really worth?

SP Santen Pharmaceutical Co logo Santen Pharmaceutical Co SNPHY · US
Price$11.95
Fair Value$16.82
Upside+40.8%
Quality75/100

A strong business, trading 29% below our fair value of $16.82.

Watch Santen Pharmaceutical Co for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Healthy Growth (revenue 5y +4.4 %/yr)
Solidly profitable · 12.8% net margin
Low debt · generates free cash flow
Ranks above peers (8/11)

Risks

!Moderate moat 64/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 24 out of 100

For context

·2.07% dividend yield
Evidence: Medium Range $11.34 – $21.34

Fair value as of: Aug 19, 2026

From 24 valuation models · updated 17 days ago

Share price +2.6% over the past month.

What runs behind every stock

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

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range ($11.34 to $21.34) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$13.89 $5.73 Fair Value $16.82 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range $5.73 – $13.89 · fair‑value band $11.34 – $21.34 · the $11.95 price screens below the $16.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Santen Pharmaceutical Co (SNPHY) currently trades at $11.95, while our model-based Fair Value estimate is $16.82, implying the stock looks roughly 29.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of $16.82 per share, and 18 of the 24 models we run sit above the $11.95 price. Bear case: the Asset-Based group reads lowest at $4.18, and 6 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Santen Pharmaceutical Co generated revenue of $292B at a net margin of 12.8%. Revenue grew 4.7% year over year. It earns a return on equity of 12.9%. The balance sheet holds a net cash position of $81.2B. Fundamentals as of Aug 19, 2026

Our scenario range runs from $11.34 (bear case) to $21.34 (bull case); at $11.95, the current price sits within 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 5% below its 52-week high and 26% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −18% fair-value upside, at 41%, SNPHY screens cheaper than that median.

Fair Value models

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 best evidence $10.16 $14.20 $19.93 81
Growth DCF $10.33 $13.95 $18.83 79
Owner Earnings $13.01 $18.40 $26.04 77
All 24 models by family
DCF Models
FCF DCF best evidence $10.16 $14.20 $19.93 81
Owner Earnings $13.01 $18.40 $26.04 77
5Y Revenue Exit $10.22 $15.06 $21.13 73
5Y EBITDA Exit $13.02 $20.18 $28.38 75
5Y P/E Exit $12.39 $19.03 $25.84 71
10Y Revenue Exit $9.86 $14.16 $19.71 67
10Y EBITDA Exit $11.85 $17.59 $25.01 68
10Y P/E Exit $11.46 $16.82 $23.15 64
Earnings-Based
Graham-Dodd $5.64 $15.59 $20.47 65
Lynch FV $3.11 $4.45 $5.78 61
PEG = 1.0 $3.11 $4.45 $5.78 57
EPV $8.76 $9.88 $10.85 74
Multiples
P/E Multiple $13.69 $18.25 $22.81 63
P/S Multiple $10.58 $14.10 $17.63 58
P/B Multiple $10.58 $14.10 $17.63 55
EV/EBIT $14.42 $18.69 $22.95 66
EV/EBITDA $16.44 $21.38 $26.32 67
EV/Revenue $10.76 $14.67 $18.59 54
Asset-Based
NCAV (Graham) $3.12 $4.18 $6.24 54
Growth DCF
Growth DCF $10.33 $13.95 $18.83 79
Rev-Margin DCF $10.22 $15.11 $20.55 73
Economic Profit
Residual Income $5.89 $7.16 $15.27 66
ROIC Compounder $9.12 $10.89 $12.91 72
Growth Earnings
Growth-Adj P/E $10.83 $15.48 $20.12 67

Widest divergence: DCF Models ($16.82) versus Asset-Based ($4.18). Highest evidence: FCF DCF (81).

Notify me when SNPHY reaches fair value

Put SNPHY on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 17.1
P/S ratio 2.19 P/E × margin
EPS (TTM) $0.7000 price ÷ EPS = P/E 17.1
Dividend yield 2.1% payout 35.3%
Net margin 12.8% FY2026
Return on equity 12.9% TTM
More key figures
Profitability
Return on assets (EBIT) 7.7% avg 5y
Operating margin 24.2% TTM
Growth
Revenue (TTM) $292B TTM
Revenue growth (YoY) +4.7% 3y avg +3.5%
EPS growth (YoY) +87.6%
Balance sheet & cash flow
Free cash flow $38.9B FY2026
Net cash $81.2B FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 73 · Market factors (momentum, volatility) 63

Profitability 59
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 100
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

Santen Pharmaceutical Co., Ltd. engages in the research and development, manufacturing, and marketing of pharmaceuticals and medical devices in Japan, China, Asia, Europe, the Middle East, Africa, and internationally.

Full company description

Santen Pharmaceutical Co., Ltd. engages in the research and development, manufacturing, and marketing of pharmaceuticals and medical devices in Japan, China, Asia, Europe, the Middle East, Africa, and internationally. Its product portfolio includes tafluprost/timolol maleate, a prostaglandin F2a derivative and a beta-adrenergic receptor blocker for the treatment of glaucoma and ocular hypertension; ciclosporin, an ophthalmic emulsion for the treatment of vernal keratoconjunctivitis, as well as latanoprost, an ophthalmic emulsion of a prostaglandin F2a derivative filed for marketing approval for the treatment of glaucoma and ocular hypertension; and epinastine hydrochloride, a histamine H1 receptor antagonist filed for marketing approval to treat allergic conjunctivitis. The company also offers netarsudil mesylate/latanoprost, a fixed dose combination drug of a ROCK inhibitor and a prostaglandin F2a derivative which is in phase III clinical trial for the treatment of glaucoma and ocular hypertension; and sepetaprost, a prostaglandin analogue eye drop drug that is in phase III clinical trials for the treatment of glaucoma and ocular hypertension. In addition, it develops oxymetazoline hydrochloride, a direct-acting alpha adrenergic receptor agonist which is in phase III clinical trial for treatment of ptosis; and omidenepag isopropyl, an EP2 receptor agonist that is in phase III clinical trial for the treatment of glaucoma and ocular hypertension. Further, the company offers atropine sulfate, a non-selective muscarinic antagonist that is in phase II/III clinical trials for the treatment of juvenile myopia; olodaterol hydrochloride, a ß2 receptor agonist that has completed phase 1/2a clinical trial for the treatment of a dry eye; and sirolimus, an ophthalmic suspension which is in phase 2a clinical trial for the treatment of fuchs endothelial corneal dystrophy and meibomian gland dysfunction. The company was founded in 1890 and is headquartered in Osaka, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Santen Pharmaceutical Co reported revenue of ¥309B in FY2026 versus ¥266B in FY2022, a compound +3.8%/yr. Reported net income was ¥39.6B in FY2026, compounding +9.8%/yr from FY2022.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$309B
Latest YoY
+3.1%
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.
+3.5%
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.
+4.4%
Avg. revenue growth/yr (21Y) 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.
+5.9%
Value creation/yr (5Y, in JPY) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.4% (10.3 + 2.1)
Revenue +3.8%/yr
FY22 ¥266B
FY23 ¥279B
FY24 ¥302B
FY25 ¥300B
FY26 ¥309B
Net income +9.8%/yr
FY22 ¥27.2B
FY23 −¥14.9B
FY24 ¥26.6B
FY25 ¥36.3B
FY26 ¥39.6B
Character of growth · EPS growth decomposed (2015-2026) +2.3 % p.a.
Revenue per share +7.7 %

of which total revenue +5.6 % · buybacks/dilution +1.9 %

EBIT margin −6.4 %
Tax rate +1.9 %
Residual (interest, one-offs) −0.3 %

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).

Watch SNPHY: get an alert when its fair value changes →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Santen Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/SNPHY

Peer Group

Drug Manufacturers - General · 75 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 75 · Top 25%
Fair Value upside +41% · Top 25%
Return on equity (TTM) 13% · Above median
Return on assets 7% · Above median
Net margin (TTM) 13% · Below median
Operating margin (TTM) 24% · Above median
Revenue growth 5% · Below median
Dividend yield (TTM) 2.1% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/E (TTM) 17.1× · Cheaper than 75% of peers
P/FCF 0.1× · 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
VALUE88 · sector 0
FUTURE24 · sector 29
PAST52 · sector 49
HEALTH99 · sector 94
DIVIDEND41 · sector 42

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 Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,176 $389.47 −67%
Johnson & Johnson, JNJ $265.77 $169.04 −36%
AbbVie Inc ABBV $258.15 $67.72 −74%
Roche Holding RO CHF 374.60 CHF 306.54 −18%
Merck & Co MRK €131.98 €101.38 −23%
Novartis AG NOVN CHF 123.74 CHF 114.90 −7%
Novo Nordisk A/S NOVOB kr 295.50 kr 409.46 +39%
Amgen Inc AMGN $436.99 $252.02 −42%
Gilead Sciences, Inc GILD $148.86 $146.50 −2%
Pfizer Inc PFE $28.02 $24.87 −11%

Compare Santen Pharmaceutical Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Santen Pharmaceutical Co (SNPHY) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of $16.82 versus a price of $11.95, about +41% upside (undervalued).
What is the fair value of SNPHY?
Our model-based fair value for Santen Pharmaceutical Co is $16.82 (as of Aug 19, 2026), built from audited fundamentals. The current price: $11.95.
What is the quality score of SNPHY?
Santen Pharmaceutical Co has a Quality Score of 75/100. 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 Santen Pharmaceutical Co (SNPHY)?
Santen Pharmaceutical Co reported trailing-twelve-month revenue of about $292B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of SNPHY?
The net profit margin of Santen Pharmaceutical Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Santen Pharmaceutical Co pay a dividend?
Santen Pharmaceutical Co currently shows a dividend yield of about 2.07% relative to its recent price (as of Aug 19, 2026).
Free · no account needed

Watch Santen Pharmaceutical Co in the live analysis

One click puts Santen Pharmaceutical Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.