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Updated 6h ago
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Pharma Mar, S.A.BME:PHM Stock Report

Market Cap €1.3b
Updated 6h ago
Share Price
n/a
1Y-17.3%
7D-3.7%
1D-1.8%
Portfolio Value
​
View

Pharma Mar, S.A.

BME:PHM Stock Report

Market Cap: €1.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Pharma Mar (PHM) Stock Overview

A biopharmaceutical company, focuses on the research, development, production, and commercialization of bio-active principles for the use in oncology in Spain, Germany, Ireland, France, Switzerland, rest of the European Union, the United States, and internationally. More details

PHM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends2/6

Rewards

Trading at 89.7% below our estimate of its fair value

Earnings are forecast to grow 39.81% per year

Earnings grew by 33.6% over the past year

Analysts in good agreement that stock price will rise by 39.8%

Risk Analysis

No risks detected for PHM from our risk checks.

PHM Community Fair Values

Create Narrative

See what 33 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystHighTarget
41.1% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Marine Compounds Will Transform Personalized Cancer Treatment Globally

85
0
6
AN
AnalystConsensusTarget
29.6% undervalued intrinsic discount
AnalystConsensusTarget
•1y ago

EMA Approval And Global Launch Will Expand Oncology Markets

335
1
24
AN
AnalystLowTarget
18.2% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Regulatory Pressures And Generic Competition Will Squeeze Oncology Margins

38
0
1

Top Analyst Narratives

AN
AnalystHighTarget
41.1% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Marine Compounds Will Transform Personalized Cancer Treatment Globally

85
0
6
AN
AnalystConsensusTarget
29.6% undervalued intrinsic discount
AnalystConsensusTarget
•1y ago

EMA Approval And Global Launch Will Expand Oncology Markets

335
1
24
AN
AnalystLowTarget
18.2% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Regulatory Pressures And Generic Competition Will Squeeze Oncology Margins

38
0
1
View all narratives

Pharma Mar, S.A. Competitors

Grifols

Symbol: BME:GRF
Market cap: €5.7b

Faes Farma

Symbol: BME:FAE
Market cap: €1.4b

Almirall

Symbol: BME:ALM
Market cap: €2.3b

Laboratorios Farmaceuticos Rovi

Symbol: BME:ROVI
Market cap: €2.9b

Price History & Performance

Summary of share price highs, lows and changes for Pharma Mar
Historical stock prices
Current Share Price€73.65
52 Week High€105.20
52 Week Low€64.00
Beta0.43
1 Month Change-10.29%
3 Month Change5.97%
1 Year Change-17.34%
3 Year Change125.23%
5 Year Change-6.70%
Change since IPO55.38%

Recent News & Updates

Analysis Article • Aug 01

Analyst Estimates: Here's What Brokers Think Of Pharma Mar, S.A. (BME:PHM) After Its Half-Yearly Report

Last week saw the newest half-yearly earnings release from Pharma Mar, S.A. ( BME:PHM ), an important milestone in the...
User avatar
Narrative Update • Jul 10

PHM: Future Cancer Trial Progress And New Lung Cancer Approvals Will Matter

Analysts have raised their 12-month price target for Pharma Mar from €75 to €90, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and expected future P/E following new Street research coverage. What’s in the News for Pharma Mar Pharma Mar started a Phase 1/2 clinical trial of PM54 in combination with pembrolizumab for previously treated patients with advanced solid tumors, following US FDA IND approval in December 2025.

Recent updates

Analysis Article • Aug 01

Analyst Estimates: Here's What Brokers Think Of Pharma Mar, S.A. (BME:PHM) After Its Half-Yearly Report

Last week saw the newest half-yearly earnings release from Pharma Mar, S.A. ( BME:PHM ), an important milestone in the...
User avatar
Narrative Update • Jul 10

PHM: Future Cancer Trial Progress And New Lung Cancer Approvals Will Matter

Analysts have raised their 12-month price target for Pharma Mar from €75 to €90, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and expected future P/E following new Street research coverage. What’s in the News for Pharma Mar Pharma Mar started a Phase 1/2 clinical trial of PM54 in combination with pembrolizumab for previously treated patients with advanced solid tumors, following US FDA IND approval in December 2025.
User avatar
Narrative Update • Jun 25

PHM: First Line Lung Cancer Maintenance Approvals Will Support Medium Term Upside

Analysts have reset their 12 month price target for Pharma Mar to €125, reflecting updated assumptions around a slightly higher discount rate, modestly stronger projected revenue growth and profit margins, and a marginally lower future P/E, while citing supportive recent Street research coverage. What’s in the News for Pharma Mar Zepzelca (lurbinectedin) did not meet the primary overall survival endpoint in the Phase III LAGOON confirmatory trial for relapsed metastatic small cell lung cancer, according to Jazz Pharmaceuticals and Pharma Mar.
User avatar
Narrative Update • Jun 06

PHM: Asia Pacific Lung Cancer Approvals Will Drive Medium Term Upside Potential

Analysts have maintained their €125 price target on Pharma Mar, citing BTIG's recent bullish initiation and updated assumptions for slightly higher revenue, profit margins, and a modestly lower discount rate and P/E multiple. What's in the News European Commission approves Zepzelca (lurbinectedin) with atezolizumab (Tecentriq) as first-line maintenance therapy for adult patients with extensive-stage small cell lung cancer whose disease has not progressed after standard induction therapy, following a positive opinion from the EMA, based on the phase 3 IMforte trial (source: company announcement).
User avatar
Narrative Update • May 21

PHM: Asia Pacific Lung Cancer Expansion Will Support Medium Term Upside Potential

Analysts have raised their price target on Pharma Mar from €118 to €125, citing new research that reflects updated assumptions on growth, profitability and future P/E expectations following fresh coverage with a bullish stance. Analyst Commentary Recent Street research coverage reflects a confident tone around Pharma Mar, with bullish analysts pointing to updated assumptions on growth, profitability and future P/E expectations as key supports for higher valuation ranges.
Analysis Article • May 09

Pharma Mar's (BME:PHM) Solid Profits Have Weak Fundamentals

Despite posting some strong earnings, the market for Pharma Mar, S.A.'s ( BME:PHM ) stock hasn't moved much. We did...
Analysis Article • Nov 07

There May Be Underlying Issues With The Quality Of Pharma Mar's (BME:PHM) Earnings

Pharma Mar, S.A.'s ( BME:PHM ) robust earnings report didn't manage to move the market for its stock. We did some...
Analysis Article • Nov 02

Pharma Mar, S.A. (BME:PHM) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Pharma Mar, S.A. ( BME:PHM ) last week reported its latest third-quarter results, which makes it a good time for...
Analysis Article • Oct 29

Is Pharma Mar (BME:PHM) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Aug 03

Risks To Shareholder Returns Are Elevated At These Prices For Pharma Mar, S.A. (BME:PHM)

It's not a stretch to say that Pharma Mar, S.A.'s ( BME:PHM ) price-to-sales (or "P/S") ratio of 7.4x right now seems...
Analysis Article • Jun 16

Pharma Mar (BME:PHM) Will Pay A Larger Dividend Than Last Year At €0.80

Pharma Mar, S.A.'s ( BME:PHM ) dividend will be increasing from last year's payment of the same period to €0.80 on 27th...
Analysis Article • May 23

Pharma Mar (BME:PHM) Has Announced That It Will Be Increasing Its Dividend To €0.80

Pharma Mar, S.A. ( BME:PHM ) will increase its dividend from last year's comparable payment on the 27th of June to...
User avatar
New Narrative • Mar 09

ZEPZELCA's EMA Submission Will Broaden Cancer Treatment Availability In Europe

Successful approval of ZEPZELCA in Europe and new markets could significantly boost PharmaMar’s future revenues, leveraging positive trial results.
Analysis Article • Mar 06

We Think Shareholders Should Be Aware Of Some Factors Beyond Pharma Mar's (BME:PHM) Profit

The latest earnings release from Pharma Mar, S.A. ( BME:PHM ) disappointed investors. Our analysis found several...
Analysis Article • Feb 13

There's Reason For Concern Over Pharma Mar, S.A.'s (BME:PHM) Massive 27% Price Jump

The Pharma Mar, S.A. ( BME:PHM ) share price has done very well over the last month, posting an excellent gain of 27...
Analysis Article • Oct 16

Pharma Mar, S.A.'s (BME:PHM) Price Is Right But Growth Is Lacking After Shares Rocket 55%

Pharma Mar, S.A. ( BME:PHM ) shares have continued their recent momentum with a 55% gain in the last month alone. The...
Analysis Article • Jul 28

Pharma Mar, S.A.'s (BME:PHM) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Pharma Mar, S.A. ( BME:PHM ) shares have continued their recent momentum with a 27% gain in the last month alone...
Analysis Article • Jun 01

Pharma Mar (BME:PHM) Will Pay A Larger Dividend Than Last Year At €0.65

Pharma Mar, S.A.'s ( BME:PHM ) dividend will be increasing from last year's payment of the same period to €0.65 on 14th...
Analysis Article • May 28

Pharma Mar, S.A.'s (BME:PHM) Shares Bounce 29% But Its Business Still Trails The Industry

Pharma Mar, S.A. ( BME:PHM ) shareholders would be excited to see that the share price has had a great month, posting a...
Analysis Article • Mar 03

Pharma Mar, S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Last week, you might have seen that Pharma Mar, S.A. ( BME:PHM ) released its annual result to the market. The early...
Analysis Article • Jan 25

Here's Why Pharma Mar (BME:PHM) Has A Meaningful Debt Burden

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Apr 28

Pharma Mar, S.A. (BME:PHM) Shares Could Be 30% Below Their Intrinsic Value Estimate

Key Insights Using the 2 Stage Free Cash Flow to Equity, Pharma Mar fair value estimate is €52.37 Pharma Mar is...

Shareholder Returns

PHMES BiotechsES Market
7D-3.7%1.1%0.6%
1Y-17.3%18.4%27.0%

Return vs Industry: PHM underperformed the Spanish Biotechs industry which returned 18.4% over the past year.

Return vs Market: PHM underperformed the Spanish Market which returned 27% over the past year.

Price Volatility

Is PHM's price volatile compared to industry and market?
PHM volatility
PHM Average Weekly Movement3.8%
Biotechs Industry Average Movement6.7%
Market Average Movement2.9%
10% most volatile stocks in ES Market6.2%
10% least volatile stocks in ES Market0.5%

Stable Share Price: PHM has not had significant price volatility in the past 3 months compared to the Spanish market.

Volatility Over Time: PHM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986505Jose Fernandez Sousa-Farowww.pharmamar.com

Pharma Mar, S.A., a biopharmaceutical company, focuses on the research, development, production, and commercialization of bio-active principles for the use in oncology in Spain, Germany, Ireland, France, Switzerland, rest of the European Union, the United States, and internationally. It operates through Oncology and RNA Interference segments. The company offers Yondelis, a synthetic compound derived from the colonial sea squirt ecteinascidia turbinata that treats soft tissue sarcoma and ovarian cancer; Zepzelca, a synthetic compound designed to treat small lung cancer cells; and Aplidin, that is extracted from the ascidian Aplidium albicans to treat patients with multiple myeloma.

Pharma Mar, S.A. Fundamentals Summary

How do Pharma Mar's earnings and revenue compare to its market cap?
PHM fundamental statistics
Market cap€1.30b
Earnings (TTM)€56.13m
Revenue (TTM)€218.64m
22.7x
P/E Ratio
5.8x
P/S Ratio

Is PHM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PHM income statement (TTM)
Revenue€218.64m
Cost of Revenue€14.47m
Gross Profit€204.17m
Other Expenses€148.05m
Earnings€56.13m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)3.24
Gross Margin93.38%
Net Profit Margin25.67%
Debt/Equity Ratio17.2%

How did PHM perform over the long term?

See historical performance and comparison

Dividends

1.4%
Current Dividend Yield
32%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 17:45
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Pharma Mar, S.A. 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
Jaime EscribanoBanco Santander
Patricia CifuentesBestinver Sociedad De Valores, S.A
Kambiz YazdiBTIG

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