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⚠️ Not investment advice. Past performance does not guarantee future results.
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Ypsomed Holding YPSN.SW

SwitzerlandHealthcare · Medical Instruments & SuppliesSIX Swiss Exchange · CHF
5.7AI score
Rank 1,295 of 2,130
better than 39% of companies
363.20CHF
▲ 14.0% in one year
YPSN.SW MSCI World +22.1%
Average analyst target
397.00 CHF (+9.3%)
13 analysts
52-wk low 260.50High 418.00
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Ypsomed Holding is a Swiss company that designs, manufactures, and markets injection systems and drug delivery devices, such as insulin pens and pumps, for patients and the pharmaceutical industry.

Listed on SIX Swiss Exchange · Symbol YPSN.SW · SWX: YPSN · Currency CHF

Key points

from its scores
  • ✓Very solid balance sheet7.3
  • ✓Favourable backdrop7.3
  • ✕Demanding valuation3.6
  • ✕Little or no dividend4.1
  • !Moderate growth5.2

AI analysis

bottom line, main risk, context and news
Bottom line

Business quality is high, but valuation and cash generation do not justify an entry at the current time.

Ypsomed shows solid financial health (score 7.32) with low leverage (ND/EBITDA 0.71) and high profitability (ROE 31.09%), but its valuation is demanding (P/E 22.28) and free cash flow conversion is negative (-17.58%), which weighs on its attractiveness despite strong earnings growth (51.70%).

⚠ Main risk

Negative free cash flow conversion (-17.58%) is the main risk, as it may limit investment capacity and shareholder returns despite high accounting profitability.

Context and risks

Ypsomed operates in the medical devices sector, a segment with stable demand and predictable regulation. No specific regulatory, geopolitical, or business model risks are identified that are not already reflected in its base risk profile. Exposure to interest rates is limited given its low leverage (Net Debt/EBITDA of 0.71).

Is Ypsomed Holding stock cheap or expensive?

at the analysis date
In line with its sector

On P/E and EV / EBITDA, it trades in line with the Healthcare median (within 15%).

MultipleCompanySectorDifference
P/E22.326.7−17%
EV / EBITDA15.414.5+6%
Price / book6.44.1+55%
Price / sales6.53.4+91%

Sector: median of the 217 Healthcare companies analysed. In bold, the multiples used for the comparison.

Valuation score: 3.6 out of 10 (median for Healthcare: 4.7).

Average analyst target: 397.00 CHF, +9.3% versus the price.

Indicative fair value · CHF
Graham138.55▼ −62% vs price
Dividends55.00▼ −85% vs price
Price363.20at the analysis date

Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy YPSN.SWCheapest · Switzerland · sample 200.00 € orderCheapest · Switzerland · sample 200.00 € orderAvailable in your country · Switzerland · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood7.3Healthcare median: 6.5
Quality / MoatiFair6.0Healthcare median: 5.5
ValuationiWeak3.6Healthcare median: 4.7
GrowthiFair5.2Healthcare median: 6.6
DividendiWeak4.1Healthcare median: 1.5
MomentumiFair6.4Healthcare median: 6.2
Risk & ContextiGood7.3Healthcare median: 7.1
Healthcare median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Healthcare median
P/Ei
22.3
Healthcare: 26.7below
EV / EBITDAi
15.4
Healthcare: 14.5above
ROEi
31.1%
Healthcare: 10.8%above
Operating margini
26.5%
Healthcare: 15.2%above
Net debt / EBITDAi
0.71
Healthcare: 1.53below
Revenue growthi
−13.3%
Healthcare: +8.8%below

Valuation

P/E
22.3
Forward P/E
24.7
EV / EBITDA
15.4
Price / book
6.4
Price / sales
6.5
PEG
3.28
Market cap
4.8B CHF
Enterprise value
5.0B CHF

Profitability

ROE
31.1%
ROA
12.4%
ROIC (approx.)
19.2%
Gross margin
43.0%
Operating margin
26.5%
Net margin
30.4%
Free cash flow
−57.3M CHF
FCF yield
−1.2%
Cash conversion
−18%

Solvency

Total debt
260.8M CHF
Net debt
232.2M CHF
Cash
28.6M CHF
EBITDA
325.8M CHF
Net debt / EBITDA
0.71
Debt / equity
34.86
Current ratio
1.07
Quick ratio
0.73

Growth

Revenue growth
−13.3%
Earnings growth
+51.7%
EPS (TTM)
16.30 CHF
EPS (forward)
14.72 CHF

Dividend

Dividend yield
1.2%
Payout
13.5%

Risk and market

Beta
0.81
Analyst consensus
Buy (13)
Target price
397.00 CHF
52-week range
260.50 – 418.00

Compare it with its sector

All 217 in Healthcare →
See the full ranking with filters →

Keep browsing the ranking

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Frequently asked questions about Ypsomed Holding

Is Ypsomed Holding stock cheap or expensive?

On P/E and EV / EBITDA, it trades in line with the Healthcare median (within 15%). Valuation score: 3.6 out of 10 (median for Healthcare: 4.7). Average analyst target: 397.00 CHF, +9.3% versus the price. This is not investment advice.

What score does Ypsomed Holding get on MeridIAn Screener?

It scores 5.7 out of 10, rank 1,295 of 2,130 (better than 39% of the companies analysed). Its strongest category is Financial health (7.3) and its weakest, Valuation (3.6). Analysis of 08/10/2026.

What is Ypsomed Holding's P/E ratio?

Its P/E is 22.3: the share price equals 22.3 times earnings per share over the last 12 months. The Healthcare median is 26.7. Based on the earnings analysts expect, the forward P/E is 24.7.

How much is Ypsomed Holding worth on the stock market?

Its market capitalisation is 4.8B CHF and its enterprise value, debt included, is 5.0B CHF.

How much debt does Ypsomed Holding have?

Its net debt (debt minus cash) is 232.2M CHF. That is 0.71 times its EBITDA; the Healthcare median is 1.53.

Does Ypsomed Holding pay a dividend?

Yes: its dividend yield is 1.21% and it pays out 14% of its earnings.

How has Ypsomed Holding stock performed over the last year?

It has risen 14.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 260.50 and 418.00 CHF. Past performance does not guarantee future results.

What do analysts think of Ypsomed Holding?

13 analysts cover it; their average recommendation is “Buy” and their average target is 397.00 CHF (+9.3% versus the price). It is an estimate, not market data.