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Kamada LtdKMDACompetitor analysis, valuation and peers

United States · USD·Health Care›Biotechnology
Momentum neutral 41
Mkt cap
$417M
US dollars, full cap
Free float
55%
of shares outstanding
$/day
$724,049
20-day average traded
Fwd P/E
15.8×
forward earnings
ROIC−WACC
+1.7 pp
WACC 9.3%
Hurdle
-2 pp
Req g minus delivered
Next earnings
3 days
9 Nov 2026
Close · USD$7.23
1D+5.2%
1W-6.1%
1M-7.0%
3M+1.3%
6M-15.4%
YTD+2.4%
1Y+4.6%
ATR %4.1%
Beta1.12
52w lowhigh22.7% off high

What Kamada does

Employees: 462

Kamada at a glance

Size Kamada (KMDA) is a United States Health Care company (Biotechnology) with a market value of $417M, the 2825th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.23 on 6 Nov 2026.

Performance Over six months the shares fell 15.4%, against -19.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.

Growth Revenue grew 11.5% over the last twelve months (peer median +13.3%); the operating margin is 14.4% (peer median -9.8%).

Valuation It trades at 15.8× forward earnings against a peer median of 27.3× (2nd cheapest of 7).

Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.7 points above its cost of capital (9.3% WACC).

Short interest Short interest is 0.3% of the free float (15 Oct 2026).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026KMDA 86Peer median 80
Six months, rebased to 100: Kamada against the median of its 20 peers (local-currency closes).

Kamada financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$204M$195M$164M$145M$123M
Revenue growth—+19%+13%+17%—
Gross profit$83.2M$78.3M$67.1M$52.6M$41.2M
EBITDA$45.7M$44.5M$34.4M$24.1M$16.8M
Net income$23.4M$21.9M$14.7M$8.41M-$2.22M
Free cash flow$28.3M$16.9M$37.4M-$1.56M$23.7M
Capital expenditure$10.3M$10.7M$10.9M$5.94M$3.61M
Total debt$11.8M$11.6M$11.1M$8.75M$20.7M

Quarterly statements and history in the cockpit →

Kamada 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

-40%-20%0%-20%0%2509CRMDARVN688687PRTAPNV69986589300966ALT6712EDITZURAPRTC3006836880984760602480KMDA6-month return →1-month return →
Up and to the right = strong over both horizons. Kamada is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%25×50×75×2509688687PNV6712603739KMDARevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kamada is the large dot.

Capital: growth delivered against growth the price implies

0%+200%+400%+600%0%250%500%750%688687PNV69986712476060KMDAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kamada is the large dot.

Kamada competitors and peer comparison

How Kamada 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.

Kamada against its 20 peers (data as of 6 Nov 2026)
MeasureKMDAPeer medianRank in peer set
1-month return-7.0%-10.9%7th highest of 21
6-month return-15.4%-19.0%7th highest of 20
Distance from 52-week high-22.7%-44.7%3rd highest of 21
Revenue growth (TTM)+11.5%+13.3%8th lowest of 18
Operating margin14.4%-9.8%6th highest of 18
Forward P/E15.8×27.3×2nd cheapest of 7
Growth the price implies (Req g, 7 yrs)4.1%5.8%4th least demanding of 8
Growth delivered (Del g)+6.5%+54.0%lowest of 7
Hurdle (Req g minus delivered)-2.4 pp-26.9 pp4th least demanding of 7
ROIC minus cost of capital+1.7 pp-7.2 pp6th highest of 16
EV / EBITDA7.8×15.4×3rd cheapest of 6
Net debt / EBITDA-1.3×-1.2×4th least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kamada KMDAUnited States$417M-15%+11%14%15.8×4.1%+6.5%
Qyuns Therapeutics 2509.HKHong Kong$415M-17%+230%56%10.0×-20.2%n/a
CorMedix CRMDUnited States$415M-33%+280%47%n/an/an/a
Arvinas ARVNUnited States$420M-37%-12%-10%n/an/an/a
Beijing Kawin Technology Share-Holding 688687.SSChina$410M-19%+3%0%17.0×43.0%+8.9%
Prothena PRTAUnited States$409M-26%+427%-110%n/an/an/a
Polynovo PNV.AXAustralia$426M-12%+13%5%89.0×53.3%+37.6%
Edding Genor 6998.HKHong Kong$408M-45%+1,418%26%n/a-15.8%+197.3%
EirGenix 6589.TWTaiwan$427M+2%+27%-71%n/an/an/a
Hubei Goto Biopharm 300966.SZChina$427M-7%+6%-10%n/an/an/a
Altimmune ALTUnited States$405M-33%+55%-320,726%n/an/an/a
Ever Supreme Bio Technology 6712.TWOTaiwan$439M+9%+13%47%28.6×5.8%+70.5%
TenNor Therapeutics Suzhou 6872.HKHong Kong$440Mn/an/an/an/an/an/a
Editas Medicine EDITUnited States$395M-17%+21%-178%n/an/an/a
Zura Bio ZURAUnited States$394M-15%n/an/an/an/an/a
PureTech Health PRTC.LUnited Kingdom$394M-8%-4%-1,617%n/an/an/a
Wuhan Hiteck Biological Pharma 300683.SZChina$443M-36%-30%-27%n/an/an/a
Shanghai Shen Lian Biomedical 688098.SSChina$444M-18%-17%-16%n/an/an/a
Onconic Therapeutics 476060.KSSouth Korea$391M-45%+179%21%n/a2.0%+725.2%
Beijing Luzhu Biotechnology 2480.HKHong Kong$390M-33%n/an/a26.1×n/an/a
Qingdao Vland Biotech 603739.SSChina$450M-21%+5%7%33.9×18.2%+7.3%

Questions

Which companies are Kamada's closest peers?
The cockpit's peer set: Qyuns Therapeutics (2509.HK), CorMedix (CRMD), Arvinas (ARVN), Beijing Kawin Technology Share-Holding (688687.SS), Prothena (PRTA), Polynovo (PNV.AX), Edding Genor (6998.HK), EirGenix (6589.TW).
Is Kamada expensive compared with its peers?
On forward p/e it trades at 15.8× against a peer median of 27.3×, 2nd cheapest of 7 in its peer set. For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -2 pp: the price already allows for a slowdown.
How has Kamada stock performed?
Over six months to 6 Nov 2026 the shares returned -15.4% against -19.0% for the median peer; over one year +4.6%.

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.