Evolus, Inc.

DB:EVL Stock Report

Market Cap: €367.9m

Evolus Valuation

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

Valuation Score

6/6

Valuation Score 6/6

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

Below Fair Value: EVL (€5.6) is trading below our estimate of fair value (€47.89)

Significantly Below Fair Value: EVL is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EVL. This is calculated by dividing EVL's market cap by their current revenue.
What is EVL's PS Ratio?
PS Ratio1.5x
SalesUS$285.82m
Market CapUS$431.05m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EVL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.9x
NV5 AcuCort
11.2xn/a€150.0m
28L PEPTONIC medical
1.3xn/a€560.2m
DMP Dermapharm Holding
1.8x3.69%€2.1b
HIGH Cantourage Group
21.2x21.59%€41.4m
EVL Evolus
1.5x19.72%€431.1m

Price-To-Sales vs Peers: EVL is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (8.9x).

Price to Sales Ratio vs Industry

How does EVL's PS Ratio compare vs other companies in the DE Pharmaceuticals Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
VP2 Valeo Pharma
0.01x20.92%US$520.38k
L7R Lipidor
0.2xn/aUS$92.68k
7IZ Ziccum
0.06xn/aUS$30.58k
No more companies available in this PS range
EVL 1.5xIndustry Avg. 3.7xNo. of Companies3PS0246810+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EVL is good value based on its Price-To-Sales Ratio (1.5x) compared to the European Pharmaceuticals industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is EVL'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.

EVL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: EVL is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).

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 EVL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.60
€15.75
+181.27%
11.57%€17.03€11.92n/a6
Dec ’26€6.05
€15.94
+163.40%
11.57%€17.23€12.06n/a6
Nov ’26€5.75
€16.19
+181.62%
7.77%€17.20€13.76n/a6
Oct ’26€5.35
€16.09
+200.73%
7.77%€17.09€13.67n/a6
Sep ’26€6.40
€16.32
+155.02%
6.08%€17.18€14.60n/a6
Aug ’26€7.70
€20.64
+168.10%
10.11%€23.65€17.52n/a7
Jul ’26€7.70
€20.52
+166.54%
10.11%€23.51€17.41n/a7
Jun ’26€8.15
€20.76
+154.74%
10.11%€23.78€17.62n/a7
May ’26€10.00
€20.79
+107.90%
10.11%€23.81€17.64n/a7
Apr ’26€11.00
€22.23
+102.08%
9.62%€25.01€18.52n/a6
Mar ’26€13.70
€22.60
+64.96%
9.49%€25.73€19.06n/a7
Feb ’26€13.50
€22.78
+68.71%
9.49%€25.93€19.21n/a7
Jan ’26€10.50
€22.29
+112.33%
10.91%€25.69€19.03€5.607
Dec ’25€12.90
€22.36
+73.35%
10.91%€25.77€19.09€6.057
Nov ’25€14.80
€21.62
+46.08%
10.91%€24.92€18.46€5.757
Oct ’25€14.40
€20.98
+45.71%
10.91%€24.18€17.91€5.357
Sep ’25€14.10
€20.55
+45.75%
15.78%€24.74€14.66€6.407
Aug ’25€13.20
€20.65
+56.46%
16.57%€25.02€14.83€7.707
Jul ’25€10.00
€20.46
+104.65%
16.57%€24.79€14.69€7.707
Jun ’25€11.50
€20.53
+78.52%
16.57%€24.87€14.74€8.157
May ’25€10.80
€20.82
+92.81%
16.57%€25.23€14.95€10.007
Apr ’25€12.80
€20.40
+59.36%
16.57%€24.71€14.64€11.007
Mar ’25€13.60
€19.91
+46.37%
16.60%€24.92€14.76€13.707
Feb ’25€11.60
€19.92
+71.70%
16.60%€24.93€14.77€13.507
Jan ’25€9.25
€18.44
+99.33%
25.10%€24.54€9.09€10.507
€15.42
Fair Value
63.7% undervalued intrinsic discount
6
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/02 17:43
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Evolus, Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Navann Ty DietschiBNP Paribas
Michael GormanBTIG
Sam EiberBTIG