Bayer AG (XSWX:BAYN) Intrinsic Value: Projected FCF: CHF46.54 (As of Aug. 07, 2026) — 6024% Above Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:BAYN Bayer AG XSWX:BAYN
57 GF Score
Price CHF44.28
GF Value CHF24.59
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Bayer AG Intrinsic Value: Projected FCF?

Bayer AG XSWX:BAYN 57 Intrinsic Value: Projected FCF is CHF46.54 as of Aug. 07, 2026, which is 100% below its 10-year median of 0.76. GuruFocus rates XSWX:BAYN with a GF Score™ of 57/100 and a GF Value™ of CHF24.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 626 Drug Manufacturers companies, Bayer AG ranks worse than 159744.25% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-07), Bayer AG's Intrinsic Value: Projected FCF is CHF46.54. The stock price of Bayer AG is CHF44.28. Therefore, Bayer AG's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Bayer AG's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:BAYN' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.31   Med: 0.76   Max: 1.53
Current: 0.95

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Bayer AG was 1.53. The lowest was 0.31. And the median was 0.76.

XSWX:BAYN's Price-to-Projected-FCF is not ranked
in the Drug Manufacturers industry.
Industry Median: 1.56 vs XSWX:BAYN: 0.95

Bayer AG  (XSWX:BAYN) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Bayer AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=44.28/49.297370690736
=0.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bayer AG Intrinsic Value: Projected FCF Related Terms


Bayer AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Bayer AG's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Bayer AG Intrinsic Value: Projected FCF Chart

Bayer AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 306.30 307.25 0.00 0.00 0.00

Bayer AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 45.44 46.43

XSWX:BAYN vs LLY, JNJ, ABBV: Intrinsic Value: Projected FCF Comparison

For the Drug Manufacturers - General subindustry, Bayer AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bayer AG Price-to-Projected-FCF vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bayer AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Bayer AG's Price-to-Projected-FCF falls into.


XSWX:BAYN
57GF Score
Bayer AG XSWX:BAYN
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bayer AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Bayer AG's Free Cash Flow(6 year avg) = CHF2,797.87.

Bayer AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*2797.87168+27242.501*0.8)/982.420
=49.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of CHF46.54 mean?
Bayer AG (XSWX:BAYN) has a Intrinsic Value: Projected FCF of CHF46.54 as of Aug. 07, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Bayer AG and its competitors. This is 6024% above median its historical median of 0.76. Over the past decade, Bayer AG's Intrinsic Value: Projected FCF has ranged from 0.31 to 1.53. According to the industry distribution chart, Bayer AG ranks #999999 out of 626 companies in the Drug Manufacturers industry.
Is Bayer AG's Intrinsic Value: Projected FCF too high?
Bayer AG's current Intrinsic Value: Projected FCF of CHF46.54 is 6024% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.53. Based on the distribution chart, Bayer AG ranks #999999 out of 626 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Bayer AG has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bayer AG's Intrinsic Value: Projected FCF compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Bayer AG ranks #999999 out of 626 companies for Intrinsic Value: Projected FCF. This places Bayer AG in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.56. Historically, Bayer AG's own Intrinsic Value: Projected FCF has ranged from 0.31 to 1.53 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Drug Manufacturers company?
The median Intrinsic Value: Projected FCF among Drug Manufacturers companies is 1.56, based on 626 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Bayer AG and its competitors. For the Drug Manufacturers industry, the median Intrinsic Value: Projected FCF is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bayer AG's current Intrinsic Value: Projected FCF is CHF46.54, which is 6024% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bayer AG stock overvalued right now?
Based on GuruFocus' analysis, Bayer AG (XSWX:BAYN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF24.59, compared to a current price of CHF44.28 — trading 80.1% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF46.54, which is 6024% above median its 10-year median of 0.76. Bayer AG's overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Bayer AG (XSWX:BAYN), the current Intrinsic Value: Projected FCF is CHF46.54 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bayer AG (XSWX:BAYN) Overvalued in 2026?

Based on GuruFocus' analysis, Bayer AG stock appears to be overvalued. The current stock price of CHF44.28 is trading 80.1% above its estimated GF Value™ of CHF24.59. GuruFocus considers Bayer AG to be Significantly Overvalued.

Key valuation signals for XSWX:BAYN:

  • Intrinsic Value: Projected FCF: CHF46.54 (6024% above median its 10-year median of 0.76)
  • GF Value™: CHF24.59 vs. price of CHF44.28 (80.1% above fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the XSWX:BAYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bayer AG Business Description

Address Kaiser-Wilhelm-Allee 1, Leverkusen, NW, DEU, 51368
Bayer is a German healthcare and agriculture conglomerate. Healthcare provides close to half of the company's sales and includes pharmaceutical drugs (about 38% of total sales in 2025) as well as vitamins and other consumer healthcare products (13% of total). The firm's crop science business (47% of total) sells seeds, pesticides, herbicides, and fungicides, which was expanded through its 2018 acquisition of Monsanto.
57GF Score

Get the complete analysis for XSWX:BAYN

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF44.28
Price
CHF24.59
GF Value