Redcare Pharmacy N.V.

RDC.DE

Medical - Distribution · Healthcare

Price

€61.90

-1.55 (-2.44%)

Market Cap

€1.25B

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+12.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 17.9M (2021) → 20.1M (2025)

Winston Score History

The full picture

Redcare Pharmacy is an online pharmacy based in the Netherlands that sells prescription and over-the-counter medicines, health products, and beauty items directly to customers across Europe. It operates websites and apps where people order medications and get them delivered to their homes, cutting out the need to visit a physical pharmacy. The company owns the Shop Apotheke brand and is one of the largest online pharmacies in Europe.

Redcare makes money by selling products directly to consumers, earning a margin on each order. It operates primarily in Germany, which is its biggest market, along with several other European countries including Austria, Switzerland, France, and Italy. The company has scale advantages and brand recognition in a fragmented market, but it is not yet consistently profitable, as heavy investment in growth keeps margins thin. The key growth driver is Germany's rollout of the electronic prescription system, which could significantly increase the volume of prescription drugs sold through online channels.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+20.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-50.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (18%)

Research and development spending

Insider Activity

27.7%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~3 years

€128M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

€128M cash & investments at current burn rate

Growth context

Redcare Pharmacy N.V. is growing revenue at 20% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

22.1%

Thin — 22.1% gross margin

Profit after running costs

Operating Margin

1.4%

Thin — 1.4% operating margin

Return on the money invested

ROCE

-1.3%

Weak — -1.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+20.2%

Fast-growing sales (+20.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-3.0%

Burning cash (-3.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.78

Moderate — manageable debt (0.78)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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