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STOCK COMPARISON

Shanghai Kaibao Pharmaceutical vs Jiangsu Hengrui Medicine Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shanghai Kaibao Pharmaceutical (300039) and Jiangsu Hengrui Medicine Co (600276) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Shanghai Kaibao Pharmaceutical as the less overvalued of the two: Shanghai Kaibao Pharmaceutical trades at ¥5.96 versus a fair value of ¥4.45 (-25%), while Jiangsu Hengrui Medicine Co trades at ¥54.62 versus ¥25.94 (-53%).
Shanghai Kaibao Pharmaceutical
300039.SHE · CNY · Health Care
-25%
upside to fair value
overvalued
Price¥5.96
Fair Value¥4.45
Quality68/100
Jiangsu Hengrui Medicine Co
600276.SHG · CNY · Health Care
-53%
upside to fair value
overvalued
Price¥54.62
Fair Value¥25.94
Quality66/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Shanghai Kaibao PharmaceuticalJiangsu Hengrui Medicine Co
Valuation
18.0×P/E (TTM)43.6×
4.54×P/S (TTM)10.84×
1.06×P/B5.76×
13.7×EV/EBITDA33.0×
PEG0.93×
2.9%Dividend yield0.4%
¥0.13Dividend per share¥0.20
Profitability
25%Net margin25%
24%Operating margin32%
6%Return on equity15%
3%Return on assets9%
Growth
-29%Revenue growth (YoY)13%
1.0%Avg. growth/yr (3Y)13.9%
4.9%Avg. growth/yr (5Y)2.5%
Balance & size
$697MMarket cap$52B
mixedGrowth qualityhealthy

Shanghai Kaibao Pharmaceutical leads: 7 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shanghai Kaibao Pharmaceuticalof which business quality 67 · market factors 46 Jiangsu Hengrui Medicine Coof which business quality 68 · market factors 46
ProfitabilityMargins and returns on capital today
44
63
Quality GrowthAre margins and returns improving?
35
41
CashflowEarnings quality: real cash, not paper profit
65
82
Fin. StrengthBalance sheet, leverage, solvency risk
94
100
InvestmentDisciplined investing over empire-building
84
27
Low VolatilityCalm price path (market factor)
71
78
MomentumPrice trend over the last 3–12 months (market factor)
29
35
52W MomentumDistance to the 52-week high (market factor)
48
29
Net IssuanceBuybacks instead of dilution
82
64

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Shanghai Kaibao Pharmaceutical

DCF Models¥4.39
Earnings-Based¥3.43
Dividend Discount¥1.64
Multiples¥4.79
Asset-Based¥2.83
Growth DCF¥3.85
Economic Profit¥3.26
Growth Earnings¥4.59

24 of 24 models see the stock below the current price.

Jiangsu Hengrui Medicine Co

DCF Models¥37.78
Earnings-Based¥21.29
Dividend Discount¥3.82
Multiples¥23.65
Asset-Based¥6.44
Growth DCF¥39.88
Economic Profit¥18.21
Growth Earnings¥30.99

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Shanghai Kaibao Pharmaceutical
Bear ¥3.31Fair Value ¥4.45Bull ¥5.71
¥5.96 = current price (white tick)
Jiangsu Hengrui Medicine Co
Bear ¥19.95Fair Value ¥25.94Bull ¥40.28
¥54.62 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shanghai Kaibao Pharmaceutical · Health Care

Quality score68 · Top 25%
Fair value upside-25% · above median

Jiangsu Hengrui Medicine Co · Health Care

Quality score66 · Top 25%
Fair value upside-53% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Shanghai Kaibao Pharmaceutical as the less overvalued of the two: Shanghai Kaibao Pharmaceutical trades at ¥5.96 versus a fair value of ¥4.45 (-25%), while Jiangsu Hengrui Medicine Co trades at ¥54.62 versus ¥25.94 (-53%).

Shanghai Kaibao Pharmaceutical has the higher quality score (68/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.