Announcement • Jul 08
Faes Farma, S.A. to Report First Half, 2026 Results on Jul 30, 2026 Faes Farma, S.A. announced that they will report first half, 2026 results on Jul 30, 2026 Declared Dividend • Jun 29
Dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 2nd July 2026 Payment date: 6th July 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 20% over the next 3 years. However, it would need to fall by 41% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • May 20
Dividend of €0.07 announced Shareholders will receive a dividend of €0.07. Ex-date: 23rd June 2026 Payment date: 25th June 2026 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 07
Faes Farma, S.A., Annual General Meeting, Jun 24, 2026 Faes Farma, S.A., Annual General Meeting, Jun 24, 2026. Location: palacio euskalduna, avenida abandoibarra 4, bilbao., Spain Announcement • Apr 10
Faes Farma, S.A. to Report Q1, 2026 Results on Apr 30, 2026 Faes Farma, S.A. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Feb 03
Faes Farma, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 Faes Farma, S.A. announced that they will report fiscal year 2025 results on Feb 26, 2026 Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. CEO & Executive Director Eduardo de la Cuadra was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 06
Faes Farma, S.A. to Report Nine Months, 2025 Results on Nov 04, 2025 Faes Farma, S.A. announced that they will report nine months, 2025 results on Nov 04, 2025 Announcement • Jul 22
Faes Farma, S.A. to Report First Half, 2025 Results on Jul 24, 2025 Faes Farma, S.A. announced that they will report first half, 2025 results on Jul 24, 2025 Announcement • Jun 11
Faes Farma, S.A. (BME:FAE) has signed a purchase agreement to acquire Sifi S.P.A. from 21 Investimenti III Fund managed by 21 Invest Sgr S.p.A. and others for €350 million. Faes Farma, S.A. (BME:FAE) has signed a purchase agreement to acquire Sifi S.P.A. from 21 Investimenti III Fund managed by 21 Invest Sgr S.p.A. and others for €350 million on June 10, 2025. Faes Farma, S.A. will pay an earnout/contingent payment of €80.5 million cash. The transaction values Sifi S.P.A. at €270 million upfront Enterprise Value plus earn outs related to Akantior linked to certain sales levels in Europe that exceed forecasts. The maximum total amount of the earn-outs would be €50.5 million spread over six milestones/payments until 2041. In addition, there is a potential payment of €30 million conditional on the commercial launch of Akantior in the US plus one digit to low two-digit tiered payments on US net sales following until the expiration of the patent in the US, or US loss of exclusivity. Sifi S.P.A. acquisition expected to be EPS accretive from year one, even before commercial and cost synergies. Faes Farma, S.A. has secured committed debt financing from J.P. Morgan SE to fund the acquisition.
The transaction is expected to close in the third quarter of 2025, subject to approval by competition and foreign investment authorities in the various countries and Faes Farma, S.A.'s extraordinary shareholders' meeting, which will be convened in the coming days.
J.P. Morgan SE acted as financial advisor for Faes Farma, S.A. Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor for Faes Farma, S.A. Chiomenti Studio Legale acted as legal advisor for Faes Farma, S.A. Ernst & Young Transaction Advisory Services España acted as due diligence provider for Faes Farma, S.A. Gide Loyrette Nouel A.A.R.P.I. acted as due diligence provider for Faes Farma, S.A. Wolf Theiss Rechtsanwalte GmbH & Co Kg acted as due diligence provider for Faes Farma, S.A. At Kearney Sa acted as due diligence provider for Faes Farma, S.A. Evercore Partners International LLP acted as financial advisor for 21 Invest Sgr S.p.A. Mediobanca Banca di Credito Finanziario S.p.A. acted as financial advisor for 21 Invest Sgr S.p.A. Hogan Lovells Studio Legale acted as legal advisor for 21 Invest Sgr S.p.A. Announcement • May 20
Faes Farma, S.A., Annual General Meeting, Jun 24, 2025 Faes Farma, S.A., Annual General Meeting, Jun 24, 2025. Location: palacio euskalduna, avenida abandoibarra, n 4, de bilbao., Spain Announcement • Apr 09
Faes Farma, S.A. to Report Q1, 2025 Results on Apr 30, 2025 Faes Farma, S.A. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 26
Faes Farma, S.A. (BME:FAE) agreed to acquire Laboratorios Edol Productos Farmacêuticos, S.A. Faes Farma, S.A. (BME:FAE) agreed to acquire Laboratorios Edol Productos Farmacêuticos, S.A. on March 25, 2025. Laboratorios Edol Productos Farmacêuticos has reported sales of exceeding €30 million in 2024. The closing of the transaction is subject to the satisfactory completion of conditions precedent, including the submission of audited annual accounts for 2024 and the continuation of some of the existing commercial agreements with Laboratorios Edol. Announcement • Feb 13
Faes Farma, S.A. to Report Fiscal Year 2024 Results on Feb 28, 2025 Faes Farma, S.A. announced that they will report fiscal year 2024 results at 12:00 PM, Romance Standard Time on Feb 28, 2025 Buy Or Sell Opportunity • Nov 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to €3.46. The fair value is estimated to be €4.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 3.1%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.069. Revenue: €119.3m (up 9.4% from 3Q 2023). Net income: €21.5m (up 1.5% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • May 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €3.54. The fair value is estimated to be €2.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 1.9% per annum over the same time period. Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: €473.1m (up 2.5% from FY 2022). Net income: €91.9m (up 2.6% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Pharmaceuticals industry in Germany. Announcement • Feb 09
Faes Farma, S.A. to Report Fiscal Year 2023 Results on Feb 27, 2024 Faes Farma, S.A. announced that they will report fiscal year 2023 results on Feb 27, 2024 Announcement • Feb 08
Faes Farma, S.A., Annual General Meeting, Jun 15, 2024 Faes Farma, S.A., Annual General Meeting, Jun 15, 2024. New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Buying Opportunity • Dec 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be €3.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 4.3%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is forecast to decline by 0.1% per annum over the same time period. Buying Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €3.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings is forecast to decline by 0.2% per annum over the same time period. New Risk • Oct 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). New Risk • Jul 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Jul 30
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €122.9m (up 1.7% from 2Q 2022). Net income: €25.4m (down 3.4% from 2Q 2022). Profit margin: 21% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 05
Faes Farma, S.A. (BME:FAE) completed the acquisition of NovoSci. Faes Farma, S.A. (BME:FAE) agreed to acquire NovoSci on January 12, 2023. Faes Farma received authorization for the acquisition. Mariano Ucar, Ariadna Casanueva and Soraya Romero of Cuatrecasas acted as legal advisors to Faes Farma in the transaction.Faes Farma, S.A. (BME:FAE) completed the acquisition of NovoSci on May 3, 2023. Reported Earnings • May 03
First quarter 2023 earnings released First quarter 2023 results: Revenue: €130.1m (up 4.0% from 1Q 2022). Net income: €27.6m (up 3.7% from 1Q 2022). Profit margin: 21% (in line with 1Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be €4.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: €461.7m (up 7.7% from FY 2021). Net income: €89.6m (up 7.7% from FY 2021). Profit margin: 19% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Pharmaceuticals industry in Germany. Upcoming Dividend • Dec 29
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 09 January 2023. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 5.8%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.6%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Eugenia Zugaza Salazar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 04
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €106.0m (down 5.2% from 3Q 2021). Net income: €21.1m (down 11% from 3Q 2021). Profit margin: 20% (down from 21% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €120.9m (up 16% from 2Q 2021). Net income: €26.3m (up 2.3% from 2Q 2021). Profit margin: 22% (down from 25% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.9% compared to a 8.2% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Eugenia Zugaza Salazar was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.29 (up from €0.26 in FY 2020). Revenue: €428.6m (up 4.2% from FY 2020). Net income: €83.2m (up 15% from FY 2020). Profit margin: 19% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is expected to shrink by 1.4% compared to a 7.8% growth forecast for the pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 09
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 23 December 2021. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 29
Second quarter 2021 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €104.1m (up 4.4% from 2Q 2020). Net income: €25.7m (up 3.9% from 2Q 2020). Profit margin: 25% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
First quarter 2021 earnings released The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €104.9m (down 14% from 1Q 2020). Net income: €21.5m (up 3.1% from 1Q 2020). Profit margin: 21% (up from 17% in 1Q 2020). The increase in margin was driven by lower expenses. Announcement • Mar 10
Faes Farma, S.A. (BME:FAE) completed the acquisition of Gobal Farma. Faes Farma, S.A. (BME:FAE) signed a purchase contract to acquire Gobal Farma for $30 million on March 8, 2021. In 2020, Global Farma’s sales amounted to $21 million.
Faes Farma, S.A. (BME:FAE) completed the acquisition of Gobal Farma on March 8, 2021. Is New 90 Day High Low • Jan 20
New 90-day high: €3.92 The company is up 21% from its price of €3.23 on 22 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.33 per share. Upcoming Dividend • Dec 09
Upcoming Dividend of €0.14 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 16th of December. The trailing yield of 0.7% is below the top quartile of German dividend payers (3.6%), and is lower than industry peers (3.1%). Is New 90 Day High Low • Dec 04
New 90-day high: €3.77 The company is up 14% from its price of €3.30 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.58 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €3.68 The company is up 10.0% from its price of €3.35 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.64 per share. Is New 90 Day High Low • Oct 21
New 90-day low: €3.23 The company is down 7.0% from its price of €3.48 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Pharmaceuticals industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.56 per share. 
