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Formycon AGFYB.DECompetitor analysis, valuation and peers

Germany · EUR·Health Care›Pharmaceuticals: Major
Momentum laggard 5
Mkt cap
$280M
US dollars, full cap
Free float
45%
of shares outstanding
$/day
$155,776
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-9.9 pp
WACC 6.7%
Hurdle
n/a
no reverse DCF
Next earnings
174 days
29 Apr 2027
Close · EUR€14.10
1D-0.7%
1W-25.3%
1M-27.3%
3M-26.4%
6M-25.8%
YTD-44.9%
1Y-26.9%
ATR %6.6%
52w lowhigh47.7% off high

What Formycon does

Employees: 203

Formycon at a glance

Size Formycon (FYB.DE) is a Germany Health Care company (Pharmaceuticals: Major) with a market value of $280M, the 205th largest of 205 Germany companies the cockpit tracks. Shares closed at €14.10 on 6 Nov 2026.

Performance Over six months the shares fell 25.8%, against -25.9% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue grew 18.3% over the last twelve months (peer median +1.7%); the operating margin is -25.5% (peer median 5.0%).

Valuation It trades at 3.4× enterprise value to sales against a peer median of 2.5× (8th most expensive of 20).

Capital Return on invested capital runs 9.9 points below its cost of capital (6.7% WACC).

Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 76FYB.DE 75
Six months, rebased to 100: Formycon against the median of its 20 peers (local-currency closes).

Formycon financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€61.2M€44.5M€69.7M€77.7M€42.5M
Revenue growth—-36%-10%+83%—
Gross profit€14.0M€3.58M€14.8M€23.3M€12.1M
EBITDA€10.2M-€2.44M-€13.2M€1.46M-€15.9M
Net income-€25.1M-€64.7M-€126M€75.8M€36.0M
Free cash flow-€5.62M€10.8M-€24.5M-€10.4M-€19.5M
Capital expenditure€39.9M€54.9M€29.9M€21.2M€26.8M
Total debtn/a€9.56M€10.6M€29.5M€49.3M

Quarterly statements and history in the cockpit →

Formycon competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%+150%-30%-20%-10%0%4554019170300254EBS000705OCGN368A603079300583005250EIKNINDSWFTLABSOLARA301331600671FYB.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Formycon is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%0×20×40×60×4554019170300254EBS000705OCGNSECARE300583INDSWFTLAB605199600671600538FYB.DERevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Formycon is the large dot.

Formycon competitors and peer comparison

How Formycon compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Formycon against its 20 peers (data as of 6 Nov 2026)
MeasureFYB.DEPeer medianRank in peer set
1-month return-27.3%-11.0%2nd lowest of 20
6-month return-25.8%-25.9%10th highest of 20
Distance from 52-week high-47.7%-45.8%9th lowest of 20
Revenue growth (TTM)+18.3%+1.7%5th highest of 19
Operating margin-25.5%5.0%5th lowest of 20
EV / Sales3.4×2.5×8th most expensive of 20
ROIC minus cost of capital-9.9 pp-5.0 pp5th lowest of 19
EV / EBITDA20.2×12.3×4th most expensive of 9
Net debt / EBITDA-4.2×2.0×least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Formycon FYB.DEGermany$280M-26%+18%-26%3.4×n/an/a
Fuji Pharma 4554.TJapan$294M-19%+20%12%1.1×-6.8%+8.9%
Shinpoong Pharmaceutical 019170.KSSouth Korea$300M-32%+6%1%1.6×39.9%+3.5%
Shanxi C&Y Pharmaceutical 300254.SZChina$308M-44%-6%9%3.3×10.1%+0.6%
Emergent BioSolutions EBSUnited States$312M-27%-18%5%1.0×-0.1%-13.7%
Zhejiang Zhenyuan Share 000705.SZChina$312M-25%-33%-5%1.1×n/an/a
Ocugen OCGNUnited States$314M-39%-11%-1,444%66.5×n/an/a
Swedencare SECARE.STSweden$315M-23%+3%7%1.7×5.5%+62.1%
Kitazato 368A.TJapan$317M-9%+9%52%3.1×-16.7%+5.4%
Zhejiang Shengda Bio-Pharm 603079.SSChina$318M-29%-3%7%2.5×5.7%-0.3%
Shandong Sito Bio-technology 300583.SZChina$318M-26%+19%6%2.5×2.7%+2.3%
GC Corp. 005250.KSSouth Korea$319M-32%+10%1%1.2×31.5%+7.4%
Eikon Therapeutics EIKNUnited States$320M-41%n/an/an/an/an/a
Enanta Pharmaceuticals ENTAUnited States$320M-28%+1%-90%4.8×n/an/a
Ind-Swift Laboratories INDSWFTLAB.NSIndia$321M+149%+66%9%3.5×n/an/a
6467 6467.TWTaiwan$322Mn/an/a-2,618%1,229.5×n/an/a
Hainan Huluwa Pharmaceutical 605199.SSChina$322M-21%-32%-58%5.0×2.5%-4.9%
Solara Active Pharma Sciences SOLARA.NSIndia$323M+23%+27%8%2.3×37.7%-3.2%
Enwei Pharmaceutical 301331.SZChina$326M-20%-7%5%2.3×15.1%+7.3%
Hangzhou Tianmushan Pharmaceutical Enterprise 600671.SSChina$327M-10%-19%5%11.5×22.5%+0.5%
Beihai Gofar Chuanshan Biological 600538.SSChina$328M-38%+10%-8%6.2×n/an/a

Questions

Which companies are Formycon's closest peers?
The cockpit's peer set: Fuji Pharma (4554.T), Shinpoong Pharmaceutical (019170.KS), Shanxi C&Y Pharmaceutical (300254.SZ), Emergent BioSolutions (EBS), Zhejiang Zhenyuan Share (000705.SZ), Ocugen (OCGN), Swedencare (SECARE.ST), Kitazato (368A.T).
Is Formycon expensive compared with its peers?
On ev / sales it trades at 3.4× against a peer median of 2.5×, 8th most expensive of 20 in its peer set.
How has Formycon stock performed?
Over six months to 6 Nov 2026 the shares returned -25.8% against -25.9% for the median peer; over one year -26.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.