BAYN.DE · GER
DAX
Euro Stoxx 50
Bayer Aktiengesellschaft
Healthcare · Pharmaceuticals and life sciences
€56.54
−€0.54 (−0.95%) today
Closing price on Nov 11, 2026 · Source: Yahoo Finance
Consensus of 18 analysts
Buy
Median price target €60.50 +7.0%
- Open
- €56.78
- Day range
- 56.26 – €57.32
- 52-week range
- 26.64 – €57.78
- Volume
- 384,393
- Market cap
- €55,546M
- P/E (TTM)
- n/a
- EPS (TTM)
- −€1.48
- EPS est. 2026
- €4.56
- P/E est. 2026
- 12.4x
- Dividend yield
- 0.2%
- Beta
- 0.81
- Payout
- 162%
Analyst summary
Generated with AI · Nov 11, 2026, 14:13Bayer combines prescription medicines, consumer health products and agricultural science, giving it exposure to several large markets but also a varied earnings profile. Q3 2026 revenue reached €10,053M, up 4.1% year on year, while the company recorded a −€672M net loss and negative free cash flow. Analyst sentiment is positive, with a median target of €60.50, although the trailing loss and dividend payout above earnings warrant caution.
- 1Q3 2026 revenue rose 4.1% year on year to €10,053M, but net income was −€672M.
- 2Free cash flow was −€89M in Q3 2026; debt/equity is n/a.
- 3The median analyst target is €60.50, implying +7.0% potential from €56.54.
Bayer financials
Q3 2026 results, quarter ended Sep 30, 2026
| Metric | Q3 2026 | 1-year change |
|---|---|---|
| Total revenue | €10,053M | +4.1% |
| Net income | −€672M | n/s |
| Earnings per share | −€0.69 | n/s |
| Net margin | −6.7% | +3.3 pp |
| Free cash flow | −€89M | −110.5% |
| Debt / equity | n/a | n/a |
Revenue and net income (€M)
Total revenueNet income
| Quarter | Total revenue | Net income |
|---|---|---|
| Q3 2025 | €9,660M | −€963M |
| Q4 2025 | €11,438M | −€3,757M |
| Q1 2026 | €13,405M | €2,763M |
| Q2 2026 | €10,872M | €219M |
| Q3 2026 | €10,053M | −€672M |
Bayer earnings per share (EPS)
Consensus estimates
| Period | EPS est. | 1-year change |
|---|---|---|
| Current quarterQ4 2026 · Analysts: 6 | €0.5970.23 – 0.83 | −3.7%€0.620 |
| Next quarterQ1 2027 · Analysts: 1 | €2.7302.73 – 2.73 | +0.7%€2.710 |
| Current year2026 · Analysts: 16 | €4.5594.20 – 4.80 | −7.2%€4.910 |
| Next year2027 · Analysts: 16 | €4.8284.29 – 5.34 | +5.9%€4.559 |
Forward P/E: 12.4x (2026) and 11.7x (2027) at the current price.
Actual and estimated EPS (€)
Actual EPSEstimated EPS
| Quarter | Actual EPS | Estimated EPS |
|---|---|---|
| Q3 2025 | −€0.980 | — |
| Q4 2025 | €0.620 | €0.488 |
| Q1 2026 | €2.710 | €2.247 |
| Q2 2026 | €0.950 | €0.746 |
| Q3 2026 | €0.310 | €0.275 |
| Q4 2026 | — | €0.597 |
| Q1 2027 | — | €2.730 |
| Year | Actual EPS | Estimated EPS |
|---|---|---|
| 2022 | €4.220 | — |
| 2023 | −€2.990 | — |
| 2024 | −€2.600 | — |
| 2025 | −€3.680 | — |
| 2026 | — | €4.559 |
| 2027 | — | €4.828 |
EPS trend
| Quarter | EPS | YoY change |
|---|---|---|
| Q1 2027Estimated | €2.730 | +0.7% |
| Q4 2026Estimated | €0.597 | −3.7% |
| Q3 2026 | €0.310est. €0.275 · surprise +12.7% | n/s |
| Q2 2026 | €0.950est. €0.746 · surprise +27.3% | n/a |
| Q1 2026 | €2.710est. €2.247 · surprise +20.6% | n/a |
| Q4 2025 | €0.620est. €0.488 · surprise +27.0% | n/a |
| Q3 2025 | −€0.980 | n/a |
| Year | EPS | Annual change |
|---|---|---|
| 2027Estimated | €4.828 | +5.9% |
| 2026Estimated | €4.559 | n/s |
| 2025 | −€3.680 | n/s |
| 2024 | −€2.600 | n/s |
| 2023 | −€2.990 | −170.9% |
| 2022 | €4.220 | n/a |
Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.
Bayer dividend
Yield and payments
| Dividend yield (TTM) | 0.2% |
| Forward yield (next 12m) | 0.2% |
| Dividend per share (TTM) | €0.11 |
| Forward dividend (next 12m) | €0.11 |
| Payout (TTM) | 162% |
| Last dividend | €0.11Apr 27, 2026 |
| Next ex-dividend date | n/a |
Dividend per share by year (€)
PaidEstimated
| Year | Dividend per share |
|---|---|
| 2019 | €2.80 |
| 2020 | €2.80 |
| 2021 | €2.00 |
| 2022 | €2.00 |
| 2023 | €2.40 |
| 2024 | €0.11 |
| 2025 | €0.11 |
| est. 12m | €0.11 |
Bayer forecasts
18 analyst ratings
Consensus: Buy · 13 buy, 4 hold, 1 sell
1-year price forecast
Share price
Price target (high, median, low)
| Target | Price | Upside |
|---|---|---|
| High | €70.00 | +23.8% |
| Median | €60.50 | +7.0% |
| Low | €48.50 | −14.2% |
| Date | Close |
|---|---|
| Nov 28, 2025 | €30.49 |
| Dec 30, 2025 | €37.01 |
| Jan 30, 2026 | €44.56 |
| Feb 27, 2026 | €42.01 |
| Mar 31, 2026 | €39.39 |
| Apr 30, 2026 | €38.05 |
| May 29, 2026 | €36.53 |
| Jun 30, 2026 | €48.41 |
| Jul 31, 2026 | €48.05 |
| Aug 31, 2026 | €49.04 |
| Sep 30, 2026 | €47.95 |
| Oct 30, 2026 | €50.58 |
| Nov 11, 2026 | €56.54 |
Bayer peers
| Ticker | Company | Market cap (€M) | P/E | Price (€) | 1-day change | 52-week range |
|---|---|---|---|---|---|---|
| BAYN.DE | Bayer | 55,546 | n/a | 56.54 | −0.95% | 26.6457.78 |
| SAN.PA | Sanofi | 102,686 | 24.8x | 85.71 | −0.28% | 69.7590.79 |
| REC.MI | Recordati | 10,967 | 21.0x | 52.70 | −0.57% | 43.7654.45 |
| GRF.MC | Grifols | 7,701 | 15.9x | 11.32 | −0.53% | 8.4311.70 |
| LLY | Lilly | 1,275,805 | 46.5x | 1,432.29 $ | +1.44% | 850.511,453.00 |
| JNJ | Johnson & Johnson | 675,925 | 42.6x | 280.78 $ | −0.47% | 189.05283.25 |
Stocks quoted in another currency are shown in their trading currency.
Risks, catalysts and conclusion
Generated with AI · Nov 11, 2026, 14:13Risks
- Continued losses or weak cash generation could constrain financial flexibility across Bayer’s pharmaceutical, consumer health and crop science operations.
- Earnings volatility across the three segments could prevent the forecast recovery from translating into sustained profits.
- A dividend payout above earnings may be difficult to sustain if profitability does not recover.
Catalysts
- Delivery of the forecast EPS recovery to €4.559 in 2026 and €4.828 in 2027 could improve confidence in earnings.
- Further revenue growth across prescription medicines, consumer health and crop science could support a broader recovery.
- A return to positive free cash flow could strengthen confidence in the company’s financial performance and dividend capacity.
Conclusion
Bayer offers diversified exposure to pharmaceuticals, consumer health and agriculture, and analysts expect earnings to recover after several loss-making years. The latest revenue growth and quarterly EPS beats provide some support, but the Q3 net loss, negative free cash flow and conflicting EPS figures complicate the near-term picture. The modest median-target upside and low dividend yield leave the investment case dependent chiefly on the delivery of forecast earnings improvement.
Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:13.
This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.
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