Galderma Group AG

PY3.F · Healthcare · Drug Manufacturers - Specialty & Generic · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

8.16B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

8.16B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

8.16B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

8.16B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

44.98B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.18×

the ratio the screener ranks by

Margin of Safety

-451.5%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 8.16B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).

The earnings power value was not computed (a normalized NOPAT at or below zero), so the value is the book value today, 8.16B USD.

Market value

Market Cap44.98B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-451.5%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 8.16B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.

The projection was not made (a profit at or below zero in the latest three years), so the value is the book value today, 8.16B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap44.98B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-451.5%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 8.16B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (an FCFF at or below zero in the latest three years), so the value is the book value today, 8.16B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap44.98B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-451.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 10.25%
Cost of Equity =Risk-Free Rate 4.50%+Beta (default) 1.00×Market Risk Premium 6.00%= 10.50%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 26.03M USDPretax Income 638.64M USD= 4.08%

The tax the interest saves.

Interest Expense =EBIT 813.81M USD−Pretax Income 638.64M USD= 175.17M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 175.17M USDTotal Debt 2.76B USD×(1 − Tax Rate for WACC 4.08%)= 6.10%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 2.76B USDMarket Cap + Total Debt 44.98B USD + 2.76B USD= 5.77%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 94.23%×Cost of Equity 10.50%+Debt Weight 5.77%×Cost of Debt 6.10%= 10.25%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2025-12-31.

Total Assets 13.41B USD − Total Liabilities 5.25B USD = Book Value Today 8.16B USD

Total Debt 2.76B USD − Cash and Short-Term Investments 780.78M USD = Net Debt Today 1.98B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-1.3%at most 5%passes234,568,725 / 237,566,428
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets4.3%at least -10.0%passes(1.19B USD − 613.61M USD) ÷ 13.41B USD
Price to bookMarket Cap ÷ Book Value Today5.51×at most 3×does not pass44.98B USD ÷ 8.16B USD
Operating marginOperating Income ÷ Revenue16.7%above 10.0%passes876.88M USD ÷ 5.25B USD
Revenue growthRevenue ÷ Revenue a Year Before − 118.0%above 10.0%passes5.25B USD / 4.44B USD
Net cash(Cash − Total Debt) ÷ Market Cap-4.4%above -30%passes(780.78M USD − 2.76B USD) ÷ 44.98B USD
Operating efficiencyOperating Income ÷ Gross Profit24.3%above 25.0%does not pass876.88M USD ÷ 3.61B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

172.17 EUR

Enterprise value

41.79B EUR

the provider's own figure

EV / EBITDA

30.12×

Price / book

5.65×

the provider's book

Price / earnings

53.58×

Return on equity

10.8%

the provider's figure, not this page's

Profit margin

14.6%

Revenue growth

27.7%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

3.83B4.12B4.44B5.25B

Gross profit

2.63B2.89B3.09B3.61B

Operating income

406.41M611.61M678.68M876.88M

EBITDA

operating income before depreciation and amortisation

624.82M851.85M959.96M1.14B

Pretax income

-51.95M11.01M310.31M638.64M

Net income

-98.60M-57.06M231.23M613.61M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

-30.96M-18.59M246.15M663.58M

R&D

316.22M287.29M260.26M245.24M
Balance sheet, year end

Total assets

—12.48B12.63B13.41B

Total liabilities

—7.11B4.83B5.25B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

—5.37B7.80B8.16B

Total debt

—4.91B2.76B2.76B

Cash and equivalents

—368.37M457.46M780.78M

Net PP&E

fixed assets after depreciation

—530.53M578.58M744.74M

Working capital

current assets less current liabilities

—45.04M315.31M382.38M
Cash flow

Operating cash flow

111.41M165.16M488.49M1.19B

Capital expenditure

paid out, so below zero

-159.66M-153.15M-275.27M-154.15M

Depreciation and amortisation

277.98M276.28M293.29M323.32M

Free cash flow

operating cash flow plus capital expenditure

-48.25M12.01M213.21M1.03B