PHARPharming Group N.V.

$9.70-34% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 47 out of 100, Average

Average. Pharming Group N.V. scores higher than 42% of the 2,291 companies Ryufin scores.

Carried by the balance sheet and earnings quality, held back by return on new capital and return on capital.

Healthcare median 18 · all companies 54

How the score has moved

At each fiscal year end, from the reports and price of the time
33
31
34
47
202320242025today

The biggest move was up 13 points from 2025 to today, mostly valuation.

Valuation

26% of the score

50median 50

Pharming Group N.V. is valued at 25.2x its operating profit before acquisition amortisation (EBITA), including debt: a rich multiple.

60x
50x
35x
25x
18x
12x
8x
25.2x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

44median 23

Over 6 years the business earned 7.8% a year after tax on the capital it uses.

2%
8%
15%
25%
7.8%
None at 2% or less, full points from 25%full points
Return on capital by year
6 years agolatest 6.6%

Return on new capital

16% of the score

0median 33

Over 6 years yearly profit fell by 115 cents for every dollar earned. New capital earned -31%, and 373% of profit went back into the business.

-5%
12%
-115%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

64median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 1.8% a year over 5 years: new shares
40
5%
-3%
1.8%
0 pointsfull points
Assets against salesAssets grew 3.6% a year, sales 12%
100
12%
-2%
-8.5%
0 pointsfull points

Cycle position

12% of the score

25median 63

Today's operating margin of 6.9% is 1.50x its normal 4.6%: near a peak, where margins tend to fall back. Normal is half the 7 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1.5x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
8 years agonow 6.9%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Interest coverOperating profit covers interest 132x
100
1.5x
12x
131.8x
0 pointsfull points

Earnings quality

6% of the score

100median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

AccrualsCash ran ahead of profit by 11.6% of assets
100
8%
0%
-8%
-12%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2025-12-31, latest annual report FY2025.