AACCE Investments
ScreenerStocksIndicesPicksETFsBlogPricing

© 2026 ACCE Investments. All rights reserved.

ACCE Investments - Institutional-grade stock research for retail investors | BetaList
IndicesStocksETFsScreenerBlogGlossaryCompareMarket dataAdvisors
TermsPrivacyCookiesDisclaimerLegal noticeProfessional termsAboutContact
CBAV.MC

Clínica Baviera, S.A. (CBAV.MC) fair value

Healthcare · Diagnostics & Research · BME · Spain
€53.80-0.74%
Market cap €863MNext earnings 2026-11-18Updated Oct 22, 2026
Add earnings to calendarGoogle
Our verdict
Trades 10% above our fair value
Price
€53.80
Model fair valueConfidence: good
€48.84
Model range
€32.19 to €72.44
Fair value €48.84
Price €53.80
3 models fit Clínica Baviera, S.A. and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver74
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionClínica Baviera, S.A. (CBAV.MC)
Fair value (3 models)
€48.84
ACCE price target
€56.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 22 Oct 2026, 14:04 CEST.
ACCE price target published on 23 Oct 2026, 01:53 CEST.
Price used: €53.80 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
10.1% above
-9.2% to fair value
ACCE score
71
out of 100
P/E
18.7x
forward 30.6x
1-year return
+21.4%
Dividend yield
2.90%

Clínica Baviera, S.A. in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Clínica Baviera runs a network of private women's health and fertility clinics in Spain, offering IVF, egg freezing, and related diagnostic and genetic testing services, with the reproductive medicine business forming the core of its revenue. Its edge is a combination of scale within a fragmented Spanish fertility market and a clinical reputation that drives repeat and referral volume, reflected in a 49.8% gross margin and a 21.6% operating margin. Revenue growth of 13.3% is supported by continued demand for assisted reproduction and the growing share of patients paying out of pocket for treatments the public system rations. At 18.9 times trailing earnings but 30.8 times forward, the market is pricing in an expected earnings dip, so the forward multiple is the number to test against the company's margin and volume assumptions. A 45.9% return on equity is high enough to make the balance sheet and any leverage behind it the first thing to check.

AI-assisted·How I use AIWritten Oct 23, 2026

Next results

Nov 18, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where CBAV.MC's valuation models land
Price
€53.80
Model fair value
€48.84
Model range
€32.19 to €72.44
Fair value €48.84
Price €53.80
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
Create a free account: 5 full stock pages a month, no card.

See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-1.1%
1 month
-3.9%
3 months
-5.9%
6 months
+3.5%
YTD
+8.2%
1 year
+21.4%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price target€56.00first publication€54.20
22 Oct 2026, 14:04 CESTRatingOvervaluedfirst publication€54.40
22 Oct 2026, 14:04 CESTFair value€48.84first publication€54.40

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

Get the full CBAV.MC page, free

Every model, the scenarios, fair value history, AI notes and the four questions. 5 full stock pages every month on the free plan, no card.

Free accounts get 5 full stock pages a month, including the full page.

Snapshot

Growth76Value60Quality85Momentum61Total71
Valuation
Trailing P/E
18.7x
Forward P/E
30.6x
PEG
0.48
P/B
8.05x
EV / Revenue
2.7x
Book value/sh
€6.96
Enterprise value
€856M
Profitability
ROE
45.9%
FCF yield
5.39%
ROIC
19.3%
Health and risk
Debt / equity
0.63
Dividend yield
2.90%
Beta
0.75

Price

+21.2% · 1Y

Ask anything about CBAV.MC

Answered from Clínica Baviera, S.A. fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 25% of peers
low 0.0x18.7xhigh 53.8x
ROEbetter than 100% of peers
low -50%46%high 46%
Div yieldbetter than 100% of peers
low 0.0%2.9%high 2.9%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CBAV.MC Clínica Baviera, S.A.€53.80€4910% above18.7x45.9%8571
CSTL Castle Biosciences Inc. Common Stock$33.08----4.2%4755
OPK OPKO Health Inc. Common Stock$1.63----5.9%3142
PSNL Personalis Inc. Common Stock$15.85----50.3%3148
WGS GeneDx Holdings Corp. Class A Common Stock$56.15----40.8%4333
NEO NeoGenomics Inc. Common Stock$16.59----6.3%3956
VIMIAN.ST Vimian Group AB (publ)kr 40.90kr 2658% above53.8x5.3%7163

Sector report card

Where CBAV.MC ranks against its sector peers on each metric.

Computing percentiles…