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Zhejiang Int'l Group (000411) Fair Value & Analysis

Healthcare · CN · Market cap 5.4B CNY

ZI Zhejiang Int'l Group 000411 · SHE
Price¥9.65
Fair Value¥19.52
Upside+102.3%
Quality39/100
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Mixed Growth
Thin margins · 1.4% net margin
Low debt · generates free cash flow
3.72% dividend yield
Mixed vs. peers (8/14)
Narrow moat 33/100
Evidence: Medium Range ¥14.64 – ¥24.40 Share as image

Fair value as of: Aug 8, 2026

From 23 valuation models · updated 2 days ago

Share price +4.4% over the past month.

Below-average quality, screening 102% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (¥14.64). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

¥14.24 ¥7.64 Fair Value ¥19.52 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥7.64 – ¥14.24 · fair‑value band ¥14.64 – ¥24.40 · the ¥9.65 price screens below the ¥19.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Zhejiang Int'l Group (000411) currently trades at ¥9.65, while our model-based Fair Value estimate is ¥19.52, implying the stock looks roughly 102.3% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Zhejiang Int'l Group generated revenue of 33.8B CNY at a net margin of 1.4%. Revenue grew 1.9% year over year. It earns a return on equity of 10.3%. Net debt stands at 1.2B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥14.64 (bear case) to ¥24.40 (bull case); at ¥9.65, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -25% fair-value upside, at 102%, 000411 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥6.15 ¥8.98 ¥13.54 80
Residual Income ¥7.78 ¥8.58 ¥12.69 76
ROIC Compounder ¥20.65 ¥31.22 ¥38.23 72
All 23 models by family
DCF Models
FCF DCF ¥6.35 ¥8.15 ¥13.77 38
Owner Earnings ¥15.44 ¥30.55 ¥61.10 31
5Y Revenue Exit ¥16.70 ¥29.88 ¥57.73 39
5Y EBITDA Exit ¥20.55 ¥37.65 ¥71.32 41
5Y P/E Exit ¥14.78 ¥32.09 ¥56.16 38
10Y Revenue Exit ¥13.09 ¥32.30 ¥46.75 36
10Y EBITDA Exit ¥16.53 ¥40.38 ¥84.29 37
10Y P/E Exit ¥12.41 ¥28.25 ¥55.35 35
Earnings-Based
Graham-Dodd ¥6.03 ¥42.08 ¥59.06 54
Lynch FV ¥21.74 ¥31.06 ¥40.38 50
PEG = 1.0 ¥21.74 ¥31.06 ¥40.38 46
EPV ¥16.02 ¥18.08 ¥19.85 59
Multiples
P/E Multiple ¥14.64 ¥19.52 ¥24.40 63
P/S Multiple ¥11.31 ¥15.09 ¥18.86 58
P/B Multiple ¥11.31 ¥15.09 ¥18.86 55
EV/EBIT ¥25.57 ¥33.09 ¥40.61 53
EV/EBITDA ¥25.47 ¥32.95 ¥40.43 54
EV/Revenue ¥19.11 ¥26.01 ¥32.91 43
Asset-Based
NCAV (Graham) ¥4.52 ¥6.05 ¥9.04 50
Growth DCF
Growth DCF ¥6.15 ¥8.98 ¥13.54 80
Economic Profit
Residual Income ¥7.78 ¥8.58 ¥12.69 76
ROIC Compounder ¥20.65 ¥31.22 ¥38.23 72
Growth Earnings
Growth-Adj P/E ¥28.86 ¥41.23 ¥53.60 68

Widest divergence: Growth Earnings (¥41.23) versus Asset-Based (¥6.05). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 33.8B CNY
Revenue growth (YoY) +1.9%
Net margin 1.4%
Return on equity 10.3%
Free cash flow 119M CNY FY2025
P/E ratio 10.8
More key figures
Operating margin 1.8%
EPS (TTM) ¥0.8900
Dividend yield 3.7%
EPS growth (YoY) -26.6%
Net debt 1.2B CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 40 · Market factors (momentum, volatility) 37

Profitability 44
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 46
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Zhejiang Int'l Group Co.,Ltd. engages in the wholesale and retail of pharmaceuticals and medical devices. It offers chemical drugs, biological products, and Chinese patent medicine. The company was founded in 1950 and is based in Hangzhou, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Int'l Group reported revenue of ¥33.7B in FY2025 versus ¥26.7B in FY2021, a compound +5.9%/yr. Reported net income was ¥501M in FY2025, compounding +31.5%/yr from FY2021.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
33.7B CNY
Latest YoY
+1.0%
Avg. growth/yr (3Y)
+3.2%
Avg. growth/yr (5Y)
+6.1%
Avg. growth/yr (32Y)
+18.9%
Revenue +5.9%/yr
FY21 ¥26.7B
FY22 ¥30.6B
FY23 ¥32.1B
FY24 ¥33.4B
FY25 ¥33.7B
Net income +31.5%/yr
FY21 ¥168M
FY22 ¥212M
FY23 ¥489M
FY24 ¥526M
FY25 ¥501M

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Cite: Fair Value Calculator (2026). "Zhejiang Int'l Group Fair Value". https://www.fairvalue-calculator.com/stock/000411

Peer Group

Drug Manufacturers - General · 76 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 39 · Bottom 25%
Fair Value upside +102% · Top 25%
Return on equity (TTM) 10% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/E (TTM) 10.8× · Cheaper than 75% of peers
P/B 1.06× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 6.8× · Cheaper than median
EV/EBITDA 3.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 10 · sector 24
PAST 41 · sector 50
HEALTH 98 · sector 94
DIVIDEND 74 · sector 46

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Drug Manufacturers - General stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,182 $396.77 -66%
Johnson & Johnson, JNJ $257.59 $169.04 -34%
AbbVie Inc ABBV $254.49 $67.72 -73%
Roche Holding 1RO €392.80 €226.68 -42%
Merck & Co MRK €108.08 €121.54 +12%
Novartis AG NVSN 2,742 MXN 2,379 MXN -13%
AstraZeneca PLC AZN $171.61 $129.54 -25%
Novo Nordisk A/S NOVOB kr 329.90 kr 409.46 +24%
Amgen Inc AMGN $363.39 $252.02 -31%
Sanofi SNYN 770.00 MXN 1,251 MXN +63%

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Frequently asked questions

Is Zhejiang Int'l Group (000411) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥19.52 versus a price of ¥9.65, about +102% (undervalued).
What is the fair value of 000411?
Our model-based fair value for Zhejiang Int'l Group is ¥19.52 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥9.65.
What is the quality score of 000411?
Zhejiang Int'l Group has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Zhejiang Int'l Group (000411)?
Zhejiang Int'l Group reported trailing-twelve-month revenue of about 33.8B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 000411?
The net profit margin of Zhejiang Int'l Group is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Int'l Group pay a dividend?
Zhejiang Int'l Group currently shows a dividend yield of about 3.72% relative to its recent price (as of Aug 8, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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