What is Innate Pharma SA (IPHA)'s fair-value range?

EvidInvest reads Innate Pharma SA (IPHA)'s market price back into the assumptions behind it — the implied P/E, growth rate and cash yield — using its latest filed financials, then lets you set your own. See the full DCF, Graham number, EPV and multiple-based methods at https://evidinvest.com/valuation/IPHA.

How is Innate Pharma SA (IPHA)'s fair value calculated?

Innate Pharma SA (IPHA)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using data from SEC filings. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are Innate Pharma SA (IPHA)'s valuation inputs based on?

Inputs come from the FY2025 20-F filed 2026-04-01 (accession 0001598599-26-000005). Source: https://www.sec.gov/Archives/edgar/data/1598599/000159859926000005/

Fair value · Innate Pharma SA (IPHA) · updated 2026-10-30 · from 20-F FY2025

Innate Pharma SA (IPHA): not enough filed data to read assumptions out of the price yet.

Name: Innate Pharma SA (IPHA) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

These methods need positive earnings and cash flow from the company’s SEC filings. The detailed valuation tools below still work with whatever has been filed.

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Inputs come from the FY2025 20-F filed 2026-04-01 (accession 0001598599-26-000005); set your own on the sliders below. Research, not investment advice.

The filing behind these numbers

Innate Pharma SA

Revenue: EUR 9.0M
Diluted EPS: EUR -0.55
Free cash flow: EUR -52.9M; operating cash flow − capital expenditure
Diluted shares: 89.6M; weighted average

20-F FY2025 · fiscal year ended 2025-12-31 · filed 2026-04-01 · accession 0001598599-26-000005

Open this filing on sec.gov

Valuation tool: build your own IPHA range

Fair Value Summary

Daily Price — IPHA

$1.50 -27.5% (1Y)

Your range0 of 7 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

$0.44 – $0.44

Price $1.50

Bear $0.44Base $0.44Bull $0.44

The two ranges are identical because every input sits on a preset.

We don’t tell you what IPHA is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has IPHA’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Starting free cash flow is not positive; the model has nothing to grow.

Preset inputs — revenue-driven DCF from the latest filing

• Starting free cash flow is not positive; the model has nothing to grow.
• WACC is at or below the terminal growth rate; the terminal value is not defined.

Implied by today’s price

Starting free cash flow is not positive; the model has nothing to grow, so no growth rate reaches the price.

Not solvable from the price — Starting free cash flow is not positive; the model has nothing to grow, so no growth rate reaches the price. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what IPHA has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth5.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth2.5%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)3.00%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $-665M · PV terminal $-13,656M · EV $-14,321M · equity $-14,315M

Year	Stage	FCF	Present value
1	Stage 1	$-65M	$-63M
2	Stage 1	$-68M	$-64M
3	Stage 1	$-72M	$-66M
4	Stage 1	$-75M	$-67M
5	Stage 1	$-79M	$-68M
6	Stage 2	$-81M	$-68M
7	Stage 2	$-83M	$-68M
8	Stage 2	$-85M	$-67M
9	Stage 2	$-87M	$-67M
10	Stage 2	$-90M	$-67M

Inputs from the filing

Statements filed in EUR, converted to USD at the 2025-12-31 period-end rate (0.85106 EUR per USD; ECB reference rates).

Free cash flow: $-62.2M; latest full year
EBIT: $-63.5M; latest annual
Shares: 89.6M
Total debt: $26.5M
Cash: $33.0M
Net debt: $-6.5M; debt − cash

20-F FY2025 · period ended 2025-12-31 · filed 2026-04-01 · accession 0001598599-26-000005 · sec.gov

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Download the full IPHA valuation report (PDF) — free

DCF fair value, Graham number, EPV, key multiples and growth rates in one clean PDF.

Innate Pharma SA (IPHA): not enough filed data to read assumptions out of the price yet.

The filing behind these numbers

Valuation tool: build your own IPHA range

Daily Price — IPHA

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

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Valuation tool: build your own IPHA range

Daily Price — IPHA

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on IPHA

Compare with peers

Explore