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WST

West Pharmaceutical Services, Inc.
$388.78
+1.27% Oct 20 close
Health CareS&P 500 CompareTechnicals
-16%-1%+13%+27%+42%Oct 2025Oct 2026Apr 2026
WSTSPY
1W
+4.6%
1M
+7.3%
3M
+8.3%
6M
+41.7%
YTD
+41.6%
1Y
+41.9%

Live chart

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What they do

West Pharmaceutical Services, Inc. designs, manufactures, and sells containment and delivery systems for injectable drugs and healthcare products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Proprietary Products and Contract-Manufactured Products. The Proprietary Products segment offers stoppers and seals for injectable packaging systems.

Healthcare · Medical Instruments & Supplies

For information only · Important disclosures

Grades vs sector

Momentum
66th percentile in sector
B
12-1 return: +31.9%
Percentile within its GICS sector across the S&P 1500.
Growth
71st percentile in sector
B
Revenue growth (YoY): +13.8%
Percentile within its GICS sector across the S&P 1500.
Value
12th percentile in sector
D-
Forward E/P: 2.6% · EBITDA/EV: 3.4%
Percentile within its GICS sector across the S&P 1500.
Profitability
72nd percentile in sector
B+
Profit margin: +17.0% · Return on equity: +19.1%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
ranked 58 of 360 · Composite (0-1) 0.7
Momentum Top 15
ranked 136 of 499 · 12-month momentum 30.4%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Reasons to Add West Pharmaceutical Stock to Your Portfolio Now
Zacks · Oct 21
West Declares Quarterly Dividend
PR Newswire · Oct 19
3 Low-Volatility Stocks We’re Skeptical Of
StockStory · Oct 19
West Pharmaceutical Stock Gains 36.1% YTD: What's Behind the Rally?
Zacks · Oct 15
Veeva Systems' Basics Gains Traction With 175+ Emerging Biotech Firms
Zacks · Oct 13

Key stats

Market value$27.7B
P/E (last 12 months)50.4
P/E (next 12 months, estimated)39.4
52-week range$223.83 – $396.00
Revenue growth (latest quarter vs a year ago)+13.8%
Dividend yield0.23%
Analyst consensusStrong Buy (16)
Average analyst price target$412.88 (+6%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 69%
▼Forward P/E vs sector39.4x vs median 17.6x
▲Piotroski F-score7/9
▲Altman Z18.6 (safe)
▲Net debt / EBITDA-0.3x
•Analyst target+6% (16 analysts)

Discounted cash flow

Bear
$78
-80%
growth 3% · disc. 10.9% · term. 2.0%
Base
$119
-69%
growth 8% · disc. 9.9% · term. 2.5%
Bull
$172
-56%
growth 11% · disc. 8.9% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 23% a year for 10 years.
Implied
+23%/yr
FCF, last 3 yrs
+2%/yr
FCF, last 5 yrs
+9%/yr
Revenue, last 3 yrs
+2%/yr
Revenue, last 5 yrs
+7%/yr
Same inputs as the DCF above: trailing free cash flow 0.4B, 9.9% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.12 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Health Care

P/E (trailing)
sector median 29.9× · 82nd pct
50.4×
pricier
Forward P/E
sector median 17.6× · 91st pct
39.4×
pricier
EV / EBITDA
sector median 15.8× · 87th pct
31.9×
pricier
Price / sales
sector median 3.1× · 84th pct
8.3×
pricier
Price / book
sector median 3.5× · 86th pct
9.3×
pricier
FCF yield
sector median 4.1% · 21st pct
1.6%
pricier

Forward EPS $10.00 vs trailing $7.81 (+28% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
36.8%
Operating margin
20.5%
FCF margin
13.1%
Net margin
17.0%
Return on equity
18.9%
Return on invested capital
19.6%
Net debt / EBITDA
-0.3×
Current ratio
2.8×
Interest cover
151.2×
Cash conversion (OCF/NI)
1.2×
Piotroski F-score 7/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✗ Asset turnover improved

Altman Z-score 18.6 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$413
+6%
Analysts
16
Strong Buy
Range
$340–$459
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$3.1B$493.7M$468.9M
2024$2.9B$492.7M$276.4M
2023$2.9B$593.4M$414.5M
2022$2.9B$585.9M$439.4M
2021$2.8B$661.8M$330.6M
2020$2.1B$346.2M$298.1M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +2.1%.

Earnings

Next report: 2026-10-29 · before open · EPS est 2.20
24-1025-0225-0425-0725-1026-0226-0426-070.002.37
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-232.082.37+13.9%
2026-04-231.682.13+27.1%
2026-02-121.832.04+11.5%
2025-10-231.711.96+14.6%
2025-07-241.541.84+19.7%
2025-04-241.261.45+15.3%
2025-02-131.731.82+5.3%
2024-10-241.491.85+23.8%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$872.3M+13.8%
2026-03-31$844.9M–
2025-12-31$805.0M–
2025-09-30$804.6M–
2025-06-30$766.5M–
Rating changes
Reiterated
2026-10-13 · TD Cowen reiterated Buy on WST
Reiterated
2026-10-07 · Barclays reiterated Overweight on WST
Upgrade
2026-09-22 · Morgan Stanley upgraded WST from Equal-Weight to Overweight
Reiterated
2026-09-09 · UBS reiterated Buy on WST
Reiterated
2026-08-03 · Citigroup reiterated Buy on WST
Reiterated
2026-07-27 · Evercore ISI Group reiterated Outperform on WST

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-07-29: $0.220 · 2026-04-29: $0.220 · 2026-01-28: $0.220 · 2025-11-12: $0.220 · 2025-07-30: $0.210 · 2025-04-30: $0.210 · 2025-02-07: $0.210 · 2024-11-13: $0.210
Insider trades
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-15
Sell
$921.3K
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-14
Sell
$887.5K
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-11
Sell
$862.5K
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-08
Sell
$852.0K
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-08
Sell
$960.4K
Favorite Annette F
Sr. VP & Chief HR Officer · 2026-09-08
Sell
$960.1K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:06:47 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026