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STOCK COMPARISON

Joinn Laboratories China Co vs Thermo Fisher Scientific: Fair Value & Quality

Both stocks run through our valuation models. Here is how Joinn Laboratories China Co (6127) and Thermo Fisher Scientific (TMO) compare, as of Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Joinn Laboratories China Co as the less overvalued of the two: Joinn Laboratories China Co trades at HK$25.08 versus a fair value of HK$13.68 (-45%), while Thermo Fisher Scientific trades at $588 versus $308 (-48%).
Joinn Laboratories China Co
6127.HK · HKD · Health Care
-45%
upside to fair value
overvalued
PriceHK$25.08
Fair ValueHK$13.68
Quality58/100
Thermo Fisher Scientific
TMO · USD · Health Care
-48%
upside to fair value
overvalued
Price$588
Fair Value$308
Quality63/100

Head-to-head numbers

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

Joinn Laboratories China CoThermo Fisher Scientific
Valuation
24.1×P/E (TTM)29.5×
8.26×P/S (TTM)4.41×
1.67×P/B3.74×
EV/EBITDA20.0×
PEG1.74×
0.6%Dividend yield0.3%
HK$0.12Dividend per share$1.76
Profitability
29%Net margin15%
-10%Operating margin18%
6%Return on equity14%
-1%Return on assets5%
Growth
10%Revenue growth (YoY)6%
10.0%Avg. growth/yr (3Y)-0.3%
25.8%Avg. growth/yr (5Y)6.7%
Balance & size
Debt / equity0.67×
$2BMarket cap$199B
healthyGrowth qualityhealthy

Joinn Laboratories China Co leads: 7 to 4 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.

Joinn Laboratories China Coof which business quality 59 · market factors 51 Thermo Fisher Scientificof which business quality 60 · market factors 67
ProfitabilityMargins and returns on capital today
29
43
Quality GrowthAre margins and returns improving?
40
31
CashflowEarnings quality: real cash, not paper profit
72
62
Fin. StrengthBalance sheet, leverage, solvency risk
86
60
InvestmentDisciplined investing over empire-building
87
79
Low VolatilityCalm price path (market factor)
38
69
MomentumPrice trend over the last 3–12 months (market factor)
59
65
52W MomentumDistance to the 52-week high (market factor)
54
68
Net IssuanceBuybacks instead of dilution
43
97

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.

Joinn Laboratories China Co

DCF ModelsHK$19.35
Earnings-BasedHK$11.55
Dividend DiscountHK$0.71
MultiplesHK$10.68
Asset-BasedHK$10.04
Growth DCFHK$16.22
Economic ProfitHK$9.15
Growth EarningsHK$15.76

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

Thermo Fisher Scientific

DCF Models$354
Earnings-Based$203
Multiples$308
Asset-Based$96.29
Growth DCF$288
Economic Profit$159
Growth Earnings$341

24 of 24 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.

Joinn Laboratories China Co
Bear HK$11.92Fair Value HK$13.68Bull HK$16.68
HK$25.08 = current price (white tick)
Thermo Fisher Scientific
Bear $171Fair Value $308Bull $385
$588 = 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.

Joinn Laboratories China Co · Health Care

Quality score58 · above median
Fair value upside-45% · below median

Thermo Fisher Scientific · Health Care

Quality score63 · Top 25%
Fair value upside-48% · below median

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Joinn Laboratories China Co as the less overvalued of the two: Joinn Laboratories China Co trades at HK$25.08 versus a fair value of HK$13.68 (-45%), while Thermo Fisher Scientific trades at $588 versus $308 (-48%).

Thermo Fisher Scientific has the higher quality score (63/100).

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.