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SLP

Simulations Plus Inc. Common Stock (SLP) fair value

Healthcare · Health Information Services · NASDAQ · United States
$18.50+0.00%
Market cap $374MNext earnings 2026-10-29Updated Oct 21, 2026
Add earnings to calendarGoogle
Our verdict
Trades 14% above our fair value
Price
$18.50
Model fair valueConfidence: good
$16.25
Model range
$9.40 to $21.69
Fair value $16.25
Price $18.50
3 models fit Simulations Plus Inc. Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Premium(i)Gold88
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionSimulations Plus Inc. Common Stock (SLP)
Fair value (3 models)
$16.25
ACCE price target
$16.10
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 13:04 CEST; previously $14.86 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $18.50 at the close on 5 Oct 2026, 22:00 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
13.8% above
-12.1% to fair value
ACCE score
64
out of 100
Analysts
0% buy
5 covering
P/E
46.3x
forward 52.9x
1-year return
+15.5%
Dividend yield
0.00%

Simulations Plus Inc. Common Stock 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

Simulations Plus sells biosimulation software, principally GastroPlus and the Pro-ZETA and ADMET Predictor platforms, which pharmaceutical companies use to model drug absorption and toxicity before running costly trials, and it earns recurring license and maintenance revenue from that base. The moat is switching cost: once a regulatory submission or internal model is built around its tools, sponsors rarely move, which supports a 63.4% gross margin and a 22.8% operating margin. Revenue growth of 7.5% is modest for a software name, so the thesis rests on margin durability and adoption of its newer AI-driven modeling products rather than on top-line acceleration. At a trailing P/E of 46.3 and a forward P/E of 52.9, the market is paying for growth the current numbers do not yet show, and a 6.2% ROE leaves little room for error. The stock merits a deeper look to test whether bookings and pharma R&D budgets can re-accelerate growth into that multiple.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Deeply negative net margin
    Net margin is -78.0% despite 23.2% operating margin, implying large non-operating charges or tax items severely distorting bottom line.
  • high
    Negative ROE alarming
    ROE of -38.8% signals equity is being eroded; combined with n/a P/E suggests reported net losses despite operating profitability.
  • moderate
    Elevated short interest
    Short interest at 9.7% of float is meaningfully above average, suggesting informed sellers anticipate further weakness.
  • moderate
    Stretched valuation vs. growth
    EV/EBITDA of 18x and Forward P/E of 20.2x on only 8.3% revenue growth leaves limited margin of safety if growth decelerates.

AI research notes

AI-assisted·How I use AIWritten Jul 9, 2026 · prices to Oct 5, 2026
Why it could do well
  • 62% gross margins and 23.2% operating margins confirm durable pricing power in niche pharma simulation software.
  • Zero debt, $17M FCF, and 17.2% insider ownership signal financial discipline and aligned management incentives.
  • 5-year revenue CAGR of 12.1% with accelerating QoQ growth of 31.9% suggests expanding pharma R&D adoption tailwinds.
Why it could disappoint
  • Negative ROE of -38.8% and net margin of -78.0% reveal significant non-cash or one-time charges masking true earnings quality.
  • At Forward P/E 20.2x and EV/EBITDA 18x, valuation leaves little margin of safety for a $369M niche software company.
  • Short interest of 9.7% is elevated; modest 8.3% revenue growth may disappoint investors pricing in accelerating expansion.
Older note: written before we added sources.

Next results

Oct 29, 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

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Valuation

INVESTOR
Where SLP's valuation models land
Price
$18.50
Model fair value
$16.25
Model range
$9.40 to $21.69
Fair value $16.25
Price $18.50
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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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

Bearish0% buy · 5 covering analysts
● Strong buy 0● Buy 0● Hold 5● Sell 0● Strong sell 0
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
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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

Press releases mentioning this company

Recent performance

1 week
+0.1%
1 month
+0.4%
3 months
+1.2%
6 months
+42.3%
YTD
+1.5%
1 year
+15.5%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
21 Oct 2026, 13:04 CESTFair value$16.25$14.86$18.50
21 Oct 2026, 13:04 CESTRatingOvervaluedfirst publication$18.50
17 Oct 2026, 00:00 CESTFair value$14.86$14.68$18.50
15 Oct 2026, 00:00 CESTACCE price target$16.10first publication$18.50
8 Oct 2026, 00:00 CESTFair value$14.68$14.48$18.50
29 Sept 2026, 00:00 CESTFair value$14.48$14.91$18.46
14 Sept 2026, 00:00 CESTFair value$14.91$15.12$18.42
12 Sept 2026, 00:00 CESTFair value$15.12$15.30$18.42
9 Sept 2026, 00:00 CESTFair value$15.30$15.97$18.43
7 Sept 2026, 00:00 CESTFair value$15.97$15.33$18.43

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.

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.

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Snapshot

Growth64Value33Quality75Momentum83Total64
Valuation
Trailing P/E
46.3x
Forward P/E
52.9x
PEG
0.99
P/B
2.68x
EV / Revenue
3.9x
Book value/sh
$6.88
Enterprise value
$323M
Profitability
ROE
6.2%
FCF yield
4.65%
ROIC
-42.3%
Health and risk
Debt / equity
0.00
Dividend yield
0.00%
Beta
1.31

Price

+3.8% · 1Y

Ask anything about SLP

Answered from Simulations Plus Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 20% of peers
low 0.0x46.3xhigh 91.4x
ROEbetter than 67% of peers
low -646%6%high 42%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 4.8%

Peers

Prices Oct 5, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
SLP Simulations Plus Inc. Common Stock$18.50$1614% above46.3x6.2%7564
CTEV Claritev Corporation Class A Common Stock$23.50----646.3%3843
CARL Carlsmed Inc. Common Stock$14.53----66.1%4751
SUS.ST Surgical Science Sweden AB (publ)kr 57.20kr 562% above31.4x2.1%7063
NRC National Research Corporation Common Stock (Delaware)$21.93$10128% above91.4x42.0%5656
EQS.PA Equasens Société anonyme€29.65€4128% below11.4x17.2%7557
EVH Evolent Health Inc Class A Common Stock$4.80----67.0%2148

Sector report card

Where SLP ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 8, 2026
    Simulations Plus Announces Funded Partnership with Global Pharmaceutical Company to Advance AI-Enabled QSP Model Development with Turin
  • Business Wire•Oct 6, 2026
    Simulations Plus Announces Completion of Acquisition by Altaris
  • Business Wire•Sep 17, 2026
    Simulations Plus Expands FDA Adoption of ADMET Predictor® with New Licenses for the Cosmetics Regulatory Science Branch
5 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 6
8-KCurrent reportPeriod 2026-10-06
View on SEC →
Oct 6
Form 4Insider transactionPeriod 2026-10-06
View on SEC →
Oct 6
Form 4Insider transactionPeriod 2026-10-06
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR