PolyPeptide Group AG

SWX:PPGN Stock Report

Market Cap: CHF 945.0m

PolyPeptide Group Valuation

Is PPGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PPGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PPGN (CHF28.65) is trading above our estimate of fair value (CHF24.84)

Significantly Below Fair Value: PPGN is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPGN?

Key metric: As PPGN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PPGN. This is calculated by dividing PPGN's market cap by their current revenue.
What is PPGN's PS Ratio?
PS Ratio3.1x
Sales€323.58m
Market Cap€1.01b

Price to Sales Ratio vs Peers

How does PPGN's PS Ratio compare to its peers?

The above table shows the PS ratio for PPGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
SKAN SKAN Group
4.8x16.2%CHF 1.7b
TECN Tecan Group
2.7x6.3%CHF 2.7b
SFZN Siegfried Holding
3.7x7.6%CHF 4.8b
BANB Bachem Holding
8.8x18.1%CHF 5.1b
PPGN PolyPeptide Group
3.1x13.2%CHF 945.0m

Price-To-Sales vs Peers: PPGN is good value based on its Price-To-Sales Ratio (3.1x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

How does PPGN's PS Ratio compare vs other companies in the European Life Sciences Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
PPGN 3.1xIndustry Avg. 4.4xNo. of Companies8PS03.26.49.612.816+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PPGN is good value based on its Price-To-Sales Ratio (3.1x) compared to the European Life Sciences industry average (4.4x).

Price to Sales Ratio vs Fair Ratio

What is PPGN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PPGN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: PPGN is expensive based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PPGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 28.50
CHF 36.25
+27.2%
18.0%CHF 45.20CHF 29.87n/a3
Nov ’25CHF 31.35
CHF 36.25
+15.6%
18.0%CHF 45.20CHF 29.87n/a3
Oct ’25CHF 29.55
CHF 26.85
-9.1%
25.2%CHF 33.63CHF 18.64n/a5
Sep ’25CHF 33.90
CHF 27.79
-18.0%
22.9%CHF 34.16CHF 18.93n/a6
Aug ’25CHF 29.40
CHF 25.84
-12.1%
22.3%CHF 33.51CHF 19.18n/a6
Jul ’25CHF 28.60
CHF 25.84
-9.6%
22.3%CHF 33.51CHF 19.18n/a6
Jun ’25CHF 33.40
CHF 24.50
-26.6%
20.9%CHF 31.04CHF 19.33n/a5
May ’25CHF 30.30
CHF 21.50
-29.0%
21.2%CHF 29.94CHF 16.79n/a5
Apr ’25CHF 30.30
CHF 20.69
-31.7%
14.2%CHF 25.42CHF 16.89n/a5
Mar ’25CHF 15.65
CHF 18.29
+16.9%
18.0%CHF 24.52CHF 15.04n/a5
Feb ’25CHF 14.83
CHF 18.75
+26.4%
18.6%CHF 24.43CHF 14.99n/a4
Jan ’25CHF 17.52
CHF 19.97
+14.0%
13.0%CHF 24.82CHF 17.81n/a5
Dec ’24CHF 18.37
CHF 20.51
+11.7%
11.9%CHF 25.32CHF 18.17n/a6
Nov ’24CHF 17.09
CHF 20.51
+20.0%
11.9%CHF 25.32CHF 18.17CHF 31.356
Oct ’24CHF 16.72
CHF 20.51
+22.7%
11.9%CHF 25.32CHF 18.17CHF 29.556
Sep ’24CHF 24.30
CHF 21.44
-11.8%
10.6%CHF 25.05CHF 18.51CHF 33.906
Aug ’24CHF 20.50
CHF 21.64
+5.5%
15.0%CHF 25.90CHF 16.02CHF 29.405
Jul ’24CHF 18.77
CHF 24.30
+29.5%
12.4%CHF 28.02CHF 20.56CHF 28.606
Jun ’24CHF 23.92
CHF 24.39
+1.9%
12.8%CHF 27.48CHF 20.49CHF 33.405
May ’24CHF 22.40
CHF 25.22
+12.6%
13.4%CHF 28.10CHF 20.95CHF 30.305
Apr ’24CHF 18.51
CHF 25.34
+36.9%
13.7%CHF 28.45CHF 20.99CHF 30.305
Mar ’24CHF 25.06
CHF 28.31
+13.0%
7.9%CHF 32.98CHF 26.04CHF 15.656
Feb ’24CHF 27.24
CHF 39.59
+45.3%
61.1%CHF 93.50CHF 26.39CHF 14.836
Jan ’24CHF 25.32
CHF 39.92
+57.6%
58.9%CHF 91.67CHF 25.87CHF 17.526
Dec ’23CHF 37.04
CHF 44.84
+21.1%
49.5%CHF 91.77CHF 26.71CHF 18.376
Nov ’23CHF 29.02
CHF 46.18
+59.1%
43.2%CHF 91.72CHF 26.70CHF 17.097

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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