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Grifols, S.A. (GRFS)

NEUTRAL
HealthcareDrug Manufacturers - GeneralSpain

Fundamental

73

Price

$8.05

Market Cap

$5.45B

Part 1 · What the company is worth

Overview

Grifols, S.A., together with its subsidiaries, engages in the research, development, production, and marketing of plasma-derived medicines in the United States, Canada, Spain, Europe, and internationally. It operates through four segments: Biopharma, Diagnostic, Bio Supplies, and Others. The company offers various hemoderivatives from human plasma for immunology, infectious diseases, hepatology, intensive care, pulmonology, hematology, and neurology treatment areas; and markets diagnostic testing equipment, reagents, and other equipment, as well as provides transfusion medicine, clinical diagnostics, and testing services. It also offers biological products, including albumin, albumin-derived products, immunoglobulins, thrombin, other proteins, and intermediate plasma products to pharma and biotech companies for biopharma use; and whole blood, blood components, processed plasma, and clinical samples to life-science research and in-vitro diagnostic companies for diagnostic use. In addition, the company provides healthcare solutions for hospitals, such as intravenous solutions to maintain or restore fluids and electrolyte balance in patients; high-tech solutions to automate hospital processes; clinical nutrition to deliver nutrition and medication; and medical devices comprising instrumentation and disposable materials for various hospital services, which include interventional neuroradiology, hemodynamics, urology, anesthesiology and cardiovascular surgery, as well as manufacturing services to third parties and research activities. Further, it is involved in engineering services; packaging, labelling, storage, distribution, manufacturing, and development of pharmaceutical products; import, export, and commercialization activities; travel agency services; reinsurance of insurance policies; support services; law business; and consultation, administration, and financing services. The company was founded in 1909 and is headquartered in Barcelona, Spain.

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Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$2.01B

Trailing 12 months to the last reported quarter — estimated from per-share metrics

Net Income

$172M

Trailing 12 months to the last reported quarter — estimated from per-share metrics

Free Cash Flow

$573M

Total Equity

$1.23B

Total Liabilities

$9.36B

Current Ratio

2.37

Interest Coverage

-

Debt/EBITDA

5.69

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$12.87

Current Price

$8.05

Margin of Safety

+37.5%

Fair Value Range

$8.36 - $17.37

Estimation Methods

Analyst Target:$10.87
DCF:$33.41
PE-based:$7.21
Graham Growth:$5.76
EPV:$10.93
Analyst Consensus:Buy (14B / 5H / 2S)
Last Earnings Surprise:+151.33%

Valuation Metrics

P/E Ratio

12.02

ROE

6.9%

P/B Ratio

0.98

P/FCF

3.61

Gross Margin

37.0%

ROIC

8.8%

Profitability Radar

Value Creation (Economic Moat)

ROIC

8.8%

WACC

3.6%

ROIC − WACC

+5.2 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (16)

  • ROIC 8.8%
  • Gross Margin 37.0%
  • P/FCF 3.61
  • P/B Ratio 0.98
  • Operating Margin 16.2%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Undervalued)
  • ROE 8.4%
  • Revenue Growth 5Y 7.1%
  • Analyst Consensus 67% Buy
  • Earnings Surprise avg 45.6%
  • Earnings Quality (OCF/NI) 2.71
  • Net Margin Trend 5.3% vs 2.2%

Failed (4)

  • Price CAGR -6.74%
  • Debt/Equity ratio
  • CapEx intensity
  • Piotroski F-Score 2/9

Unavailable (7)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Serious financial concerns

score
criteria

Earnings Quality

2.71

High quality: earnings backed by cash

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Jose Ignacio Abia BuenacheCEO & Director57
Mr. Rahul SrinivasanChief Financial Officer48
Mr. Lluis Pons GomezSenior Vice President of Strategy & COO Office41
Daniel SegarraHead of Investor Relations & Sustainability and Vice President-
Mr. David Ian BellChief Corporate Affairs & Legal Officer71
Mr. Enrique de la TorreChief Compliance Officer52
Ms. Montse RibasChief Communications and Reputation Officer56
Mr. Camille AlpiChief Human Resources & Talent Officer44
Mr. Vicente Blanquer TorreChief Quality Officer64
Mr. Ignacio Ramal SubiraChief Internal Audit & Enterprise Risk Manager57

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for GRFS, sourced from Markets Gazette.

No recent news for GRFS.