Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Almirall, S.A. is a Spanish pharmaceutical company specializing in medical dermatology, headquartered in Barcelona and founded in 1944. It focuses on researching, developing, manufacturing, and marketing innovative medicines to address unmet needs in skin health, particularly for conditions like psoriasis, atopic dermatitis, acne, actinic keratosis, and onychomycosis. With a portfolio exceeding 140 products distributed in over 100 countries through 15 affiliates and partnerships, Almirall leads Europe in medical dermatology, generating €898.8 million in total revenues in 2023 from approximately 1,904 employees. Key products include Ilumetri (tildrakizumab) for psoriasis, Ebglyss (lebrikizumab) for atopic dermatitis, Wynzora (calcipotriol/betamethasone) for psoriasis, Klisyri (tirbanibulin) for actinic keratosis, and Seysara (sarecycline) for acne. The company invests around 12% of net sales in R&D, supported by centers in Spain and Germany, and collaborates with global institutions like Imperial College London and the NIH to advance therapies such as mRNA-based dermatology treatments. Almirall's strategic shift to dermatology since 2013, bolstered by acquisitions like Hermal, Aqua Pharmaceuticals, and Poli Group, underscores its role in transforming patient lives through scientific innovation and global reach.
€11.26
+€0.08 (+0.72%)
EOD Jun 23, 2026 · Twelve Data
Operating margin is thin at 6.02%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 12.4%, still solid.
At 47x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
46.5x earnings, 49.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€1.37B
▲ +12.4% YoY
Net Income (TTM)
€52M
▲ +354.9% YoY
Op. Margin
6.80%
▲ +1.3pp YoY
ROIC
2.22%
▲ +1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€49M
▲ +5695.0% YoY
Op. Cash Flow (TTM)
€162M
▲ +104.7% YoY
Net Debt
€4M
Cash & Equiv.
€339M
3Y CAGR: +8.7%
3Y CAGR: -1.3%
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