Grifols, S.A.

BME:GRF Stock Report

Market Cap: €5.7b

Grifols Dividends and Buybacks

Dividend criteria checks 3/6

Grifols is a dividend paying company with a current yield of 3.31% that is well covered by earnings.

Key information

3.3%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield3.9%
Dividend Growth-2.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio33%

Recent dividend and buyback updates

Recent updates

Narrative Update Feb 02

GRF: Higher Required Returns Will Still Support Upside From Current Pricing

Analysts have trimmed their price targets on Grifols, with recent research such as the move from €15.00 to €13.50 supporting a modest reduction in our fair value estimate from €15.20 to about €15.08. They are factoring in slightly softer growth and margin assumptions alongside a higher expected discount rate, partly offset by a higher future P/E ratio.
Narrative Update Jan 19

GRF: Execution On Profitability Reset And Higher P/E Will Unlock Upside

Analysts have nudged their fair value estimate for Grifols slightly lower to €21.72 from €21.78, reflecting reduced revenue growth and profit margin assumptions, alongside a higher future P/E, in line with recent Street moves such as Barclays trimming its price target to €13.50 from €15.00. Analyst Commentary Bullish analysts appear to be treating the latest target cut as more of a valuation reset than a shift in long term conviction, with the rating held at Overweight even as the price objective moves to €13.50 from €15.00.
Narrative Update Jan 05

GRF: Higher Required Returns Will Still Support Attractive Future Earnings Multiple

Analysts have trimmed their valuation outlook for Grifols, reducing the implied price target from €15.20 to €15.03 as they factor in a higher discount rate and a slightly richer future P/E assumption, while keeping revenue growth and profit margin expectations broadly unchanged. Valuation Changes Fair Value: Held broadly steady at €15.20, with only a marginal adjustment to the implied price target in the updated model.
Narrative Update Dec 15

GRF: Higher Discount Rate Will Still Support Attractive Future Upside Potential

Analysts have modestly reduced their price target on Grifols from approximately 23.00 dollars to 21.78 dollars, citing a higher perceived discount rate that more than offsets slightly stronger long term revenue growth and margin assumptions, along with a lower future price to earnings multiple. What's in the News Grifols has scheduled a Board meeting on September 25, 2025, to approve the creation of a Strategy Committee with an advisory role focused on strategic initiatives and developments, as defined in the Regulations of the Internal Functioning of the Board of Directors and the committee's own regulations (company filing).
Narrative Update Dec 01

GRF: Upcoming Strategy Committee Will Support Improved Profit Margins Ahead

Analysts have slightly lowered their price target for Grifols from $15.45 to $15.20, citing minor adjustments to growth projections and profit expectations. What's in the News Grifols, S.A. is holding a Board Meeting on September 25, 2025, to establish a Strategy Committee with an advisory role focused on strategic initiatives and developments (Key Developments).
Narrative Update Nov 17

GRF: Rising Margins and Board Initiatives Will Drive Future Performance

Analysts have lowered their price target for Grifols from $16.48 to $15.45, citing modestly reduced revenue growth expectations and a lower future price-to-earnings multiple. This comes despite slightly improved profit margins and a more favorable discount rate.
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New Narrative Nov 30

Biopharma Innovations And Tactical Strengths Propel Future Profitability And Market Expansion

Grifols' focus on innovation and new product development is poised to drive future revenue growth and market expansion.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: GRF's dividend payments have been volatile in the past 10 years.

Growing Dividend: GRF's dividend payments have not increased over the past 10 years.


Dividend Yield vs Market

Grifols Dividend Yield vs Market
How does GRF dividend yield compare to the market?
SegmentDividend Yield
Company (GRF)3.3%
Market Bottom 25% (ES)1.9%
Market Top 25% (ES)5.1%
Industry Average (Biotechs)2.2%
Analyst forecast (GRF) (up to 3 years)3.9%

Notable Dividend: GRF's dividend (3.31%) is higher than the bottom 25% of dividend payers in the Spanish market (1.92%).

High Dividend: GRF's dividend (3.31%) is low compared to the top 25% of dividend payers in the Spanish market (5.12%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.1%), GRF's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.7%), GRF's dividend payments are well covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 12:06
End of Day Share Price 2026/05/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

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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

Grifols, S.A. is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
Luis ArredondoBanco de Sabadell. S.A.
Jaime EscribanoBanco Santander