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Grifols, S.A.BME:GRF Stock Report

Market Cap €5.7b
Share Price
€9.28
€14.65
36.6% undervalued intrinsic discount
1Y-2.0%
7D-2.0%
1D
Portfolio Value
View

Grifols, S.A.

BME:GRF Stock Report

Market Cap: €5.7b

Grifols (GRF) Stock Overview

Engages in the research, development, production, and marketing of plasma-derived medicines in the United States, Canada, Spain, Europe, and internationally. More details

GRF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends3/6

GRF Community Fair Values

Create Narrative

See what 54 others think this stock is worth. Follow their fair value or set your own to get alerts.

Grifols, S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Grifols
Historical stock prices
Current Share Price€9.28
52 Week High€13.70
52 Week Low€8.43
Beta1.17
1 Month Change5.26%
3 Month Change-12.70%
1 Year Change-2.01%
3 Year Change-19.65%
5 Year Change-57.47%
Change since IPO253.52%

Recent News & Updates

Narrative Update May 23

GRF: Margin Protection And US Biopharma IPO Plans Will Drive Future Upside

Analysts have trimmed their fair value estimate for Grifols from €15.08 to €14.65. This reflects recent cuts to Street price targets and concerns around slower albumin and alpha-1 volume growth that have led banks such as Deutsche Bank and Morgan Stanley to lower their expectations.

Recent updates

Narrative Update May 23

GRF: Margin Protection And US Biopharma IPO Plans Will Drive Future Upside

Analysts have trimmed their fair value estimate for Grifols from €15.08 to €14.65. This reflects recent cuts to Street price targets and concerns around slower albumin and alpha-1 volume growth that have led banks such as Deutsche Bank and Morgan Stanley to lower their expectations.
Narrative Update Feb 02

GRF: Higher Required Returns Will Still Support Upside From Current Pricing

Analysts have trimmed their price targets on Grifols, with recent research such as the move from €15.00 to €13.50 supporting a modest reduction in our fair value estimate from €15.20 to about €15.08. They are factoring in slightly softer growth and margin assumptions alongside a higher expected discount rate, partly offset by a higher future P/E ratio.
Narrative Update Jan 19

GRF: Execution On Profitability Reset And Higher P/E Will Unlock Upside

Analysts have nudged their fair value estimate for Grifols slightly lower to €21.72 from €21.78, reflecting reduced revenue growth and profit margin assumptions, alongside a higher future P/E, in line with recent Street moves such as Barclays trimming its price target to €13.50 from €15.00. Analyst Commentary Bullish analysts appear to be treating the latest target cut as more of a valuation reset than a shift in long term conviction, with the rating held at Overweight even as the price objective moves to €13.50 from €15.00.
Narrative Update Jan 05

GRF: Higher Required Returns Will Still Support Attractive Future Earnings Multiple

Analysts have trimmed their valuation outlook for Grifols, reducing the implied price target from €15.20 to €15.03 as they factor in a higher discount rate and a slightly richer future P/E assumption, while keeping revenue growth and profit margin expectations broadly unchanged. Valuation Changes Fair Value: Held broadly steady at €15.20, with only a marginal adjustment to the implied price target in the updated model.
Narrative Update Dec 15

GRF: Higher Discount Rate Will Still Support Attractive Future Upside Potential

Analysts have modestly reduced their price target on Grifols from approximately 23.00 dollars to 21.78 dollars, citing a higher perceived discount rate that more than offsets slightly stronger long term revenue growth and margin assumptions, along with a lower future price to earnings multiple. What's in the News Grifols has scheduled a Board meeting on September 25, 2025, to approve the creation of a Strategy Committee with an advisory role focused on strategic initiatives and developments, as defined in the Regulations of the Internal Functioning of the Board of Directors and the committee's own regulations (company filing).
Narrative Update Dec 01

GRF: Upcoming Strategy Committee Will Support Improved Profit Margins Ahead

Analysts have slightly lowered their price target for Grifols from $15.45 to $15.20, citing minor adjustments to growth projections and profit expectations. What's in the News Grifols, S.A. is holding a Board Meeting on September 25, 2025, to establish a Strategy Committee with an advisory role focused on strategic initiatives and developments (Key Developments).
Narrative Update Nov 17

GRF: Rising Margins and Board Initiatives Will Drive Future Performance

Analysts have lowered their price target for Grifols from $16.48 to $15.45, citing modestly reduced revenue growth expectations and a lower future price-to-earnings multiple. This comes despite slightly improved profit margins and a more favorable discount rate.
User avatar
New Narrative Nov 30

Biopharma Innovations And Tactical Strengths Propel Future Profitability And Market Expansion

Grifols' focus on innovation and new product development is poised to drive future revenue growth and market expansion.

Shareholder Returns

GRFES BiotechsES Market
7D-2.0%1.0%1.6%
1Y-2.0%34.4%25.5%

Return vs Industry: GRF underperformed the Spanish Biotechs industry which returned 33.9% over the past year.

Return vs Market: GRF underperformed the Spanish Market which returned 25.4% over the past year.

Price Volatility

Is GRF's price volatile compared to industry and market?
GRF volatility
GRF Average Weekly Movement4.9%
Biotechs Industry Average Movement8.3%
Market Average Movement3.8%
10% most volatile stocks in ES Market6.9%
10% least volatile stocks in ES Market0.9%

Stable Share Price: GRF has not had significant price volatility in the past 3 months compared to the Spanish market.

Volatility Over Time: GRF's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190925,000Nacho Abia Buenachewww.grifols.com

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.

Grifols, S.A. Fundamentals Summary

How do Grifols's earnings and revenue compare to its market cap?
GRF fundamental statistics
Market cap€5.70b
Earnings (TTM)€415.00m
Revenue (TTM)€7.44b
15.2x
P/E Ratio
0.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRF income statement (TTM)
Revenue€7.44b
Cost of Revenue€4.58b
Gross Profit€2.85b
Other Expenses€2.44b
Earnings€415.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.61
Gross Margin38.36%
Net Profit Margin5.58%
Debt/Equity Ratio109.9%

How did GRF perform over the long term?

See historical performance and comparison

Dividends

3.2%
Current Dividend Yield
33%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 18:22
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Grifols, S.A. is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
Luis ArredondoBanco de Sabadell. S.A.
Jaime EscribanoBanco Santander