SANOFI (SAN.PA) Fundamental Analysis & Valuation

EPA:SAN • FR0000120578

76.39 EUR
-0.13 (-0.17%)
Last: Mar 13, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This SAN.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, SAN scores 5 out of 10 in our fundamental rating. SAN was compared to 54 industry peers in the Pharmaceuticals industry. SAN has only an average score on both its financial health and profitability. SAN is not valued too expensively and it also shows a decent growth rate. Finally SAN also has an excellent dividend rating. These ratings could make SAN a good candidate for dividend investing.


Dividend Valuation Growth Profitability Health

6

1. SAN.PA Profitability Analysis

1.1 Basic Checks

  • SAN had positive earnings in the past year.
  • SAN had a positive operating cash flow in the past year.
  • Each year in the past 5 years SAN has been profitable.
  • In the past 5 years SAN always reported a positive cash flow from operatings.
SAN.PA Yearly Net Income VS EBIT VS OCF VS FCFSAN.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • SAN's Return On Assets of 9.85% is fine compared to the rest of the industry. SAN outperforms 70.37% of its industry peers.
  • With a decent Return On Equity value of 17.49%, SAN is doing good in the industry, outperforming 61.11% of the companies in the same industry.
  • SAN has a Return On Invested Capital of 13.76%. This is in the better half of the industry: SAN outperforms 64.81% of its industry peers.
  • SAN had an Average Return On Invested Capital over the past 3 years of 7.41%. This is significantly below the industry average of 14.78%.
  • The 3 year average ROIC (7.41%) for SAN is below the current ROIC(13.76%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.85%
ROE 17.49%
ROIC 13.76%
ROA(3y)4.87%
ROA(5y)5.28%
ROE(3y)8.47%
ROE(5y)9.13%
ROIC(3y)7.41%
ROIC(5y)7.45%
SAN.PA Yearly ROA, ROE, ROICSAN.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • SAN's Profit Margin of 17.71% is fine compared to the rest of the industry. SAN outperforms 72.22% of its industry peers.
  • SAN's Profit Margin has declined in the last couple of years.
  • SAN has a Operating Margin (23.28%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of SAN has grown nicely.
  • The Gross Margin of SAN (72.55%) is comparable to the rest of the industry.
  • SAN's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 23.28%
PM (TTM) 17.71%
GM 72.55%
OM growth 3Y-0.84%
OM growth 5Y1.78%
PM growth 3Y-3.21%
PM growth 5Y-12.66%
GM growth 3Y1.06%
GM growth 5Y1.33%
SAN.PA Yearly Profit, Operating, Gross MarginsSAN.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. SAN.PA Health Analysis

2.1 Basic Checks

  • SAN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, SAN has less shares outstanding
  • The number of shares outstanding for SAN has been reduced compared to 5 years ago.
  • Compared to 1 year ago, SAN has a worse debt to assets ratio.
SAN.PA Yearly Shares OutstandingSAN.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
SAN.PA Yearly Total Debt VS Total AssetsSAN.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • The Debt to FCF ratio of SAN is 1.86, which is an excellent value as it means it would take SAN, only 1.86 years of fcf income to pay off all of its debts.
  • SAN's Debt to FCF ratio of 1.86 is amongst the best of the industry. SAN outperforms 83.33% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that SAN is not too dependend on debt financing.
  • SAN has a better Debt to Equity ratio (0.22) than 68.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.86
Altman-Z N/A
ROIC/WACC1.73
WACC7.94%
SAN.PA Yearly LT Debt VS Equity VS FCFSAN.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 1.09 indicates that SAN should not have too much problems paying its short term obligations.
  • SAN has a worse Current ratio (1.09) than 72.22% of its industry peers.
  • SAN has a Quick Ratio of 1.09. This is a normal value and indicates that SAN is financially healthy and should not expect problems in meeting its short term obligations.
  • SAN's Quick ratio of 1.09 is in line compared to the rest of the industry. SAN outperforms 57.41% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
SAN.PA Yearly Current Assets VS Current LiabilitesSAN.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

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4

3. SAN.PA Growth Analysis

3.1 Past

  • SAN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.82%.
  • Measured over the past 5 years, SAN shows a small growth in Earnings Per Share. The EPS has been growing by 5.58% on average per year.
  • SAN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.29%.
  • The Revenue has been growing slightly by 4.57% on average over the past years.
EPS 1Y (TTM)1.82%
EPS 3Y-1.77%
EPS 5Y5.58%
EPS Q2Q%16.79%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y0.97%
Revenue growth 5Y4.57%
Sales Q2Q%7%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.49% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.29% on average over the next years.
EPS Next Y8.41%
EPS Next 2Y6.95%
EPS Next 3Y8.43%
EPS Next 5Y8.49%
Revenue Next Year6.58%
Revenue Next 2Y6.19%
Revenue Next 3Y5.8%
Revenue Next 5Y5.29%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
SAN.PA Yearly Revenue VS EstimatesSAN.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B 50B
SAN.PA Yearly EPS VS EstimatesSAN.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

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6

4. SAN.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • SAN is valuated reasonably with a Price/Earnings ratio of 9.77.
  • Based on the Price/Earnings ratio, SAN is valued cheaper than 87.04% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, SAN is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.01, the valuation of SAN can be described as very reasonable.
  • SAN's Price/Forward Earnings ratio is rather cheap when compared to the industry. SAN is cheaper than 88.89% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. SAN is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.77
Fwd PE 9.01
SAN.PA Price Earnings VS Forward Price EarningsSAN.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SAN indicates a somewhat cheap valuation: SAN is cheaper than 70.37% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.9
EV/EBITDA N/A
SAN.PA Per share dataSAN.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • SAN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of SAN may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)1.75
EPS Next 2Y6.95%
EPS Next 3Y8.43%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. SAN.PA Dividend Analysis

5.1 Amount

  • SAN has a Yearly Dividend Yield of 5.30%, which is a nice return.
  • SAN's Dividend Yield is rather good when compared to the industry average which is at 1.91. SAN pays more dividend than 90.74% of the companies in the same industry.
  • SAN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.3%

5.2 History

  • The dividend of SAN has a limited annual growth rate of 4.30%.
Dividend Growth(5Y)4.3%
Div Incr Years6
Div Non Decr Years6
SAN.PA Yearly Dividends per shareSAN.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • The dividend of SAN is growing, but earnings are growing more, so the dividend growth is sustainable.
DPN/A
EPS Next 2Y6.95%
EPS Next 3Y8.43%
SAN.PA Yearly Income VS Free CF VS DividendSAN.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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SAN.PA Fundamentals: All Metrics, Ratios and Statistics

SANOFI

EPA:SAN (3/13/2026, 5:36:15 PM)

76.39

-0.13 (-0.17%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners46.23%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap184.50B
Revenue(TTM)70.49B
Net Income(TTM)12.49B
Analysts76
Price Target98.37 (28.77%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.3%
Yearly Dividend3.79
Dividend Growth(5Y)4.3%
DPN/A
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.22%
Min EPS beat(2)4.58%
Max EPS beat(2)5.86%
EPS beat(4)3
Avg EPS beat(4)3.54%
Min EPS beat(4)-2.29%
Max EPS beat(4)6.02%
EPS beat(8)6
Avg EPS beat(8)4.07%
EPS beat(12)8
Avg EPS beat(12)3.12%
EPS beat(16)11
Avg EPS beat(16)3.47%
Revenue beat(2)0
Avg Revenue beat(2)-1.69%
Min Revenue beat(2)-2.08%
Max Revenue beat(2)-1.3%
Revenue beat(4)0
Avg Revenue beat(4)-1.33%
Min Revenue beat(4)-2.08%
Max Revenue beat(4)-0.63%
Revenue beat(8)2
Avg Revenue beat(8)-0.61%
Revenue beat(12)3
Avg Revenue beat(12)-0.93%
Revenue beat(16)7
Avg Revenue beat(16)14.42%
PT rev (1m)-1.76%
PT rev (3m)-8.6%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)5.74%
EPS NY rev (1m)0.29%
EPS NY rev (3m)-1.32%
Revenue NQ rev (1m)-0.6%
Revenue NQ rev (3m)-1.7%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 9.77
Fwd PE 9.01
P/S 2.62
P/FCF 16.9
P/OCF 16.9
P/B 2.58
P/tB 48.36
EV/EBITDA N/A
EPS(TTM)7.82
EY10.24%
EPS(NY)8.48
Fwd EY11.1%
FCF(TTM)4.52
FCFY5.92%
OCF(TTM)4.52
OCFY5.92%
SpS29.19
BVpS29.55
TBVpS1.58
PEG (NY)1.16
PEG (5Y)1.75
Graham Number72.11
Profitability
Industry RankSector Rank
ROA 9.85%
ROE 17.49%
ROCE 16.67%
ROIC 13.76%
ROICexc 14.92%
ROICexgc 58.3%
OM 23.28%
PM (TTM) 17.71%
GM 72.55%
FCFM 15.49%
ROA(3y)4.87%
ROA(5y)5.28%
ROE(3y)8.47%
ROE(5y)9.13%
ROIC(3y)7.41%
ROIC(5y)7.45%
ROICexc(3y)8.06%
ROICexc(5y)8.26%
ROICexgc(3y)31.82%
ROICexgc(5y)35.77%
ROCE(3y)8.99%
ROCE(5y)9.04%
ROICexgc growth 3Y-8.07%
ROICexgc growth 5Y1.04%
ROICexc growth 3Y-0.36%
ROICexc growth 5Y3.93%
OM growth 3Y-0.84%
OM growth 5Y1.78%
PM growth 3Y-3.21%
PM growth 5Y-12.66%
GM growth 3Y1.06%
GM growth 5Y1.33%
F-Score5
Asset Turnover0.56
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.86
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 87.43%
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z N/A
F-Score5
WACC7.94%
ROIC/WACC1.73
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)127.25%
Profit Quality(5y)123.49%
High Growth Momentum
Growth
EPS 1Y (TTM)1.82%
EPS 3Y-1.77%
EPS 5Y5.58%
EPS Q2Q%16.79%
EPS Next Y8.41%
EPS Next 2Y6.95%
EPS Next 3Y8.43%
EPS Next 5Y8.49%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y0.97%
Revenue growth 5Y4.57%
Sales Q2Q%7%
Revenue Next Year6.58%
Revenue Next 2Y6.19%
Revenue Next 3Y5.8%
Revenue Next 5Y5.29%
EBIT growth 1Y7.73%
EBIT growth 3Y0.11%
EBIT growth 5Y6.43%
EBIT Next Year28.69%
EBIT Next 3Y14.49%
EBIT Next 5Y9.74%
FCF growth 1Y85.47%
FCF growth 3Y9.46%
FCF growth 5Y15.4%
OCF growth 1Y20.22%
OCF growth 3Y1.22%
OCF growth 5Y8.03%

SANOFI / SAN.PA FAQ

Can you provide the ChartMill fundamental rating for SANOFI?

ChartMill assigns a fundamental rating of 5 / 10 to SAN.PA.


Can you provide the valuation status for SANOFI?

ChartMill assigns a valuation rating of 6 / 10 to SANOFI (SAN.PA). This can be considered as Fairly Valued.


Can you provide the profitability details for SANOFI?

SANOFI (SAN.PA) has a profitability rating of 6 / 10.


What is the valuation of SANOFI based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SANOFI (SAN.PA) is 9.77 and the Price/Book (PB) ratio is 2.58.


How financially healthy is SANOFI?

The financial health rating of SANOFI (SAN.PA) is 5 / 10.