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STOCK COMPARISON

Hainan Huluwa Pharmaceutical Group Co vs Merck KGaA: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hainan Huluwa Pharmaceutical Group Co (605199) and Merck KGaA (MRK) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Hainan Huluwa Pharmaceutical Group Co trades at ¥5.76 versus a fair value of ¥0.92 (-84%), while Merck KGaA trades at €134 versus €109 (-19%).
Hainan Huluwa Pharmaceutical Group Co
605199.SHG · CNY · Health Care
-84%
upside to fair value
overvalued
Price¥5.76
Fair Value¥0.92
Quality31/100
Merck KGaA
MRK.XETRA · EUR · Health Care
-19%
upside to fair value
overvalued
Price€134
Fair Value€109
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Hainan Huluwa Pharmaceutical Group CoMerck KGaA
Valuation
n/aP/E (TTM)24.1×
0.48×P/S (TTM)3.16×
0.83×P/B2.32×
n/aEV/EBITDA13.0×
n/aPEG2.76×
−84.0%Fair value upside−18.9%
1.4%Dividend yield1.6%
n/aDividend per share€2.20
Profitability
-8%Operating margin18%
n/aEBIT margin trend (5Y)1.07×
-56%Return on equity9%
-6%Return on assets5%
Growth
-57%Revenue growth (YoY)-3%
-15.9%Avg. growth/yr (3Y)-1.7%
-5.0%Avg. growth/yr (5Y)3.8%
n/aValue creation/yr+7.2%
Balance & size
n/aInterest coverage (EBIT/interest)15.5×
1.32×Debt / equity0.36×
$344MMarket cap$66B
weakGrowth qualitymixed

Merck KGaA leads: 2 to 8 metric wins.

n/a = 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.

Hainan Huluwa Pharmaceutical Group Coof which business quality 30 · market factors 37 Merck KGaAof which business quality 61 · market factors 66
ProfitabilityMargins and returns on capital today
7
41
Quality GrowthAre margins and returns improving?
6
40
CashflowEarnings quality: real cash, not paper profit
34
57
Fin. StrengthBalance sheet, leverage, solvency risk
5
76
InvestmentDisciplined investing over empire-building
80
80
Low VolatilityCalm price path (market factor)
79
72
MomentumPrice trend over the last 3–12 months (market factor)
28
61
52W MomentumDistance to the 52-week high (market factor)
6
68
Net IssuanceShare count: buybacks or dilution?
82
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHainan Huluwa Pharmaceutical Group CoPrice ¥5.76Merck KGaAPrice €134
DCF Models-85%below the price¥0.85-20%below the price€107
Earnings-Basedn/a-60%below the price€53.25
Dividend Discount-85%below the price¥0.86-70%below the price€40.71
Multiples-90%below the price¥0.56-12%close to the price€118
Asset-Based-88%below the price¥0.69-67%below the price€44.06
Growth DCF-82%below the price¥1.01-29%below the price€94.57
Economic Profitn/a-50%below the price€66.44
Growth Earningsn/a-14%close to the price€115
Minimum-90%below the price¥0.56-70%below the price€40.71
Maximum-82%below the price¥1.01-12%close to the price€118
Median-85%below the price¥0.85-40%below the price€80.50
Geometric mean-87%below the price¥0.78-45%below the price€73.75

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Hainan Huluwa Pharmaceutical Group Co: 9 of 9 models see the stock below the current price.

Merck KGaA: 23 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Hainan Huluwa Pharmaceutical Group Co
Price ¥5.76
Fair Value ¥0.92
Bear ¥0.43Bull ¥1.51
Merck KGaA
Price €134
Fair Value €109
Bear €59.91Bull €150

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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.

Hainan Huluwa Pharmaceutical Group Co · Health Care

Quality score31 · bottom 25%
Fair value upside-84% · bottom 25%

Merck KGaA · Health Care

Quality score62 · above median
Fair value upside-19% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Merck KGaA as the less overvalued of the two: Hainan Huluwa Pharmaceutical Group Co trades at ¥5.76 versus a fair value of ¥0.92 (-84%), while Merck KGaA trades at €134 versus €109 (-19%).

Merck KGaA has the higher quality score (62/100).

Open Merck KGaA live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.