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LABORATORIO REIG JOFRE S.A. (ES:RJF)
BME:RJF
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LABORATORIO REIG JOFRE (RJF) AI Stock Analysis

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ES:RJF

LABORATORIO REIG JOFRE

(BME:RJF)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
€2.50
▼(-6.72% Downside)
Action:Reiterated
Date:03/07/26
The score is weighed down primarily by the 2025 financial setback—sharp revenue decline, heavily compressed margins, and a swing to negative free cash flow—alongside increased leverage. Technicals add further pressure with a clear downtrend and negative momentum. Valuation is also a headwind due to a high P/E, only partly offset by a modest dividend yield.
Positive Factors
Diversified pharma + CDMO business model
A dual revenue model—branded/specialty pharmaceuticals plus CDMO services—provides durable revenue diversification. Long-term, contract manufacturing can smooth utilization and margins, while product sales preserve market exposure, reducing reliance on any single product or client.
Negative Factors
Sharp 2025 revenue decline & margin hit
A sudden, large revenue drop combined with near-break-even margins is structurally damaging: it erodes pricing power, reduces reinvestment capacity for R&D and commercial effort, and can trigger longer-term market-share losses if recovery is slow or competitors capitalize on weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified pharma + CDMO business model
A dual revenue model—branded/specialty pharmaceuticals plus CDMO services—provides durable revenue diversification. Long-term, contract manufacturing can smooth utilization and margins, while product sales preserve market exposure, reducing reliance on any single product or client.
Read all positive factors

LABORATORIO REIG JOFRE (RJF) vs. iShares MSCI Spain ETF (EWP)

LABORATORIO REIG JOFRE Business Overview & Revenue Model

Company Description
Laboratorio Reig Jofre, S.A. is a pharmaceutical company dedicated to the research, development, manufacturing, and commercialization of a diverse range of medicines and nutritional supplements. Its extensive portfolio encompasses prescription dru...
How the Company Makes Money
RJF primarily makes money through (1) selling pharmaceutical products and healthcare items and (2) providing contract development and manufacturing services. Product-related revenue is generated from the commercialization of its own portfolio (inc...

LABORATORIO REIG JOFRE Financial Statement Overview

Summary
Financials weakened materially in 2025: revenue contracted sharply (-20.3%) and profitability compressed significantly (operating and net margins ~1.7%/~1.5%). Cash flow is the biggest concern, with operating cash flow dropping to ~€1.5M and free cash flow turning sharply negative (~-€13.8M). Balance-sheet leverage remains moderate but has risen (debt-to-equity ~0.45 in 2025), adding risk amid weaker earnings and cash conversion.
Income Statement
52
Neutral
Balance Sheet
68
Positive
Cash Flow
38
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue415.66M331.10M338.89M316.09M271.15M236.23M
Gross Profit244.01M81.71M195.68M176.89M69.58M144.98M
EBITDA38.46M30.48M36.18M33.89M30.44M24.66M
Net Income8.86M5.02M10.38M9.41M8.11M5.09M
Balance Sheet
Total Assets357.56M396.56M344.85M330.55M321.19M324.98M
Cash, Cash Equivalents and Short-Term Investments10.84M16.84M16.08M6.36M6.88M5.16M
Total Debt67.06M98.53M58.52M53.49M61.24M67.38M
Total Liabilities141.17M170.24M130.90M126.29M126.64M136.46M
Stockholders Equity216.42M218.07M213.97M204.35M194.63M188.59M
Cash Flow
Free Cash Flow0.00-13.78M10.56M6.34M4.75M-5.26M
Operating Cash Flow0.001.51M31.34M19.11M16.15M14.50M
Investing Cash Flow0.00-17.82M-31.96M-12.88M-12.72M-34.70M
Financing Cash Flow0.0016.31M5.59M-7.16M-2.04M13.67M

LABORATORIO REIG JOFRE Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.68
Price Trends
50DMA
2.70
Negative
100DMA
2.61
Positive
200DMA
2.68
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
50.47
Neutral
STOCH
46.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ES:RJF, the sentiment is Positive. The current price of 2.68 is below the 20-day moving average (MA) of 2.69, below the 50-day MA of 2.70, and below the 200-day MA of 2.68, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.47 is Neutral, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ES:RJF.

LABORATORIO REIG JOFRE Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
€899.95M20.5245.95%3.31%11.61%7.67%
60
Neutral
€2.46B46.383.53%1.22%12.41%342.01%
60
Neutral
€2.96B22.8420.89%1.50%-3.44%-5.45%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
53
Neutral
€5.54B14.757.88%1.37%0.89%112.68%
51
Neutral
€1.44B10.8318.13%3.51%23.66%-28.51%
46
Neutral
€219.70M49.262.03%1.91%-3.23%-60.06%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ES:RJF
LABORATORIO REIG JOFRE
2.66
-0.31
-10.32%
ES:ALM
Almirall
11.34
0.84
7.99%
ES:CBAV
Clinica Baviera
55.20
14.78
36.56%
ES:FAE
Faes Farma
4.62
0.20
4.55%
ES:GRF
Grifols
9.00
-1.25
-12.21%
ES:ROVI
Laboratorios Farmaceuticos Rovi
58.70
4.70
8.69%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 07, 2026