Bio-Rad Laboratories, Inc.

DB:BUWA Stock Report

Market Cap: €8.8b

Bio-Rad Laboratories Valuation

Is BUWA 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 BUWA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BUWA (€309.8) is trading above our estimate of fair value (€306.62)

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


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BUWA. This is calculated by dividing BUWA's market cap by their current revenue.
What is BUWA's PS Ratio?
PS Ratio3.6x
SalesUS$2.58b
Market CapUS$9.16b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BUWA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
SRT3 Sartorius
4.4x9.3%€13.4b
1SXP SCHOTT Pharma KGaA
4.2x10.7%€4.0b
GXI Gerresheimer
1.3x10.2%€2.6b
EVT Evotec
1.9x12.1%€1.5b
BUWA Bio-Rad Laboratories
3.6x3.7%€9.2b

Price-To-Sales vs Peers: BUWA is expensive based on its Price-To-Sales Ratio (3.6x) compared to the peer average (3x).


Price to Sales Ratio vs Industry

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

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
BUWA 3.6xIndustry Avg. 4.3xNo. of Companies9PS03.26.49.612.816+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BUWA is good value based on its Price-To-Sales Ratio (3.6x) compared to the European Life Sciences industry average (4.2x).


Price to Sales Ratio vs Fair Ratio

What is BUWA'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.

BUWA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ratio3x

Price-To-Sales vs Fair Ratio: BUWA is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (3x).


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 BUWA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€309.80
€371.27
+19.8%
13.3%€432.79€290.68n/a6
Nov ’25€327.80
€366.84
+11.9%
14.1%€431.20€289.61n/a6
Oct ’25€299.00
€350.97
+17.4%
12.0%€402.92€284.57n/a6
Sep ’25€300.00
€333.20
+11.1%
10.8%€384.46€281.64n/a6
Aug ’25€311.60
€342.66
+10.0%
13.8%€402.14€280.56n/a5
Jul ’25€251.70
€342.66
+36.1%
13.8%€402.14€280.56n/a5
Jun ’25€259.50
€365.53
+40.9%
12.8%€408.41€278.46n/a5
May ’25€257.40
€391.64
+52.2%
6.2%€411.32€340.44n/a6
Apr ’25€323.00
€401.57
+24.3%
5.6%€442.37€368.64n/a6
Mar ’25€300.40
€401.57
+33.7%
5.6%€442.37€368.64n/a6
Feb ’25€296.00
€399.12
+34.8%
6.8%€446.54€364.43n/a6
Jan ’25€290.60
€395.53
+36.1%
7.2%€438.41€357.79n/a6
Dec ’24€278.40
€418.77
+50.4%
6.1%€454.00€376.76n/a5
Nov ’24€257.80
€418.77
+62.4%
6.1%€454.00€376.76€327.805
Oct ’24€335.60
€496.26
+47.9%
3.4%€524.10€478.24€299.004
Sep ’24€365.80
€494.51
+35.2%
3.4%€518.39€473.03€300.005
Aug ’24€366.80
€495.53
+35.1%
5.8%€538.81€464.89€311.605
Jul ’24€343.60
€511.16
+48.8%
5.3%€553.03€479.90€251.705
Jun ’24€346.40
€516.24
+49.0%
5.8%€556.24€482.69€259.504
May ’24€394.20
€549.17
+39.3%
7.9%€615.47€497.81€257.404
Apr ’24€430.90
€574.43
+33.3%
8.0%€644.57€521.35€323.004
Mar ’24€448.80
€574.43
+28.0%
8.0%€644.57€521.35€300.404
Feb ’24€426.80
€544.15
+27.5%
5.7%€590.02€507.05€296.004
Jan ’24€395.80
€562.26
+42.1%
5.9%€611.20€525.25€290.604
Dec ’23€402.50
€598.81
+48.8%
6.2%€642.30€551.98€278.403
Nov ’23€354.20
€598.81
+69.1%
6.2%€642.30€551.98€257.803

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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