Obermatt

UCB

BRU:UCB · BE0003739530
PharmaceuticalsSmall

360

69
EV / EBIT15
Price / Owner Earnings36
Owner Earnings Yield37
Dividend Yield45
Price/Sales37
EV / Gross Profit20
Price/Book48
Return on Capital51
Cash Return on Capital80
Return on Equity53
EBIT Margin67
Gross Profitability30
Cash Conversion54
Accruals68
Owner Earnings Margin86
Sales growth72
Profit Growth79
Long-Term EPS Growth88
Owner Earnings Growth51
Reinvestment20
Price momentum84
Debt load58
Refinancing20
Debt Payback100
Liquidity67
Analyst ratings67
Opinion Changes47
Price Target Upside33
Market mood81
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

UCB generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryBelgium
IndustryPharmaceuticals
SizeSmall
TypePublic Company
ExchangeENXTBR
Founded1925
Employees11,052
Websiteucb.com
ISINBE0003739530
Last UpdateApr 2, 2026
Themes
Chronic DiseasesOsteoporosisNeurologyImmunologyRheumatologyCentral Nervous SystemNeuroscienceBiotechnologyHealth CareMedical

Description

UCB SA, a biopharmaceutical company, dedicates to the development of innovative medicines and solutions for patients with severe disease. The company’s primary business is rooted in identifying and addressing unmet medical needs, focusing primarily o…

Analysis

Hope premium

UCB SA is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 26.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 10% a year, against analyst forecasts of 19%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
83
2023202420252026

All-time high

83

Jun 2026

All-time low

29

Aug 2024

Average rank

55

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
37
11
46
54
Price/Earnings
26
15
54
71
Price/Book
48
21
81
78
Dividend Yield
45
32
49
61
Value (overall)
35
22
17
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →