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Zhejiang Haisen Pharmaceutical Co (001367) Fair Value & Analysis

Healthcare · CN · Market cap 2.8B CNY

ZH Zhejiang Haisen Pharmaceutical Co 001367 · SHE
Price¥19.12
Fair Value¥18.13
Upside-5.2%
Quality52/100
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Expensive Growth
Highly profitable · 25.6% net margin
generates free cash flow
0.64% dividend yield
Trails peers (5/13)
Wide moat 69/100
Evidence: High Range ¥11.91 – ¥24.53 Share as image

Fair value as of: Aug 8, 2026

From 26 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥19.00 to ¥18.13 (−4.6%) since Jul 21, 2026. Share price +1.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥11.91 to ¥24.53) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

¥36.33 ¥12.97 Fair Value ¥18.13 Apr 2023 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

40‑month range ¥12.97 – ¥36.33 · fair‑value band ¥11.91 – ¥24.53 · the ¥19.12 price screens above the ¥18.13 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 Haisen Pharmaceutical Co (001367) currently trades at ¥19.12, while our model-based Fair Value estimate is ¥18.13, implying the stock looks roughly 5.2% fairly valued today. The Quality Score stands at 52/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Zhejiang Haisen Pharmaceutical Co generated revenue of 521M CNY at a net margin of 25.6%. Revenue declined 9.5% year over year. It earns a return on equity of 9.2%. The stock trades on a trailing P/E of 23.3. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥11.91 (bear case) to ¥24.53 (bull case); at ¥19.12, the current price sits within 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 31% below its 52-week high and 3% 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 -5%, 001367 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ¥8.25 ¥8.97 ¥11.83 76
Growth DCF ¥7.94 ¥9.27 ¥11.38 72
Gordon GGM ¥1.01 ¥2.00 ¥3.04 70
All 26 models by family
DCF Models
FCF DCF ¥7.96 ¥9.41 ¥11.79 38
Owner Earnings ¥6.54 ¥6.95 ¥7.63 31
5Y Revenue Exit ¥11.40 ¥16.44 ¥23.38 39
5Y EBITDA Exit ¥13.83 ¥21.37 ¥30.91 41
5Y P/E Exit ¥15.56 ¥24.88 ¥35.59 38
10Y Revenue Exit ¥9.92 ¥14.23 ¥20.97 36
10Y EBITDA Exit ¥11.72 ¥17.73 ¥27.05 37
10Y P/E Exit ¥12.84 ¥20.23 ¥30.82 35
Earnings-Based
Graham-Dodd ¥6.06 ¥26.79 ¥36.68 54
Lynch FV ¥6.94 ¥9.91 ¥12.88 50
PEG = 1.0 ¥6.94 ¥9.91 ¥12.88 46
EPV ¥12.97 ¥14.08 ¥15.03 59
Dividend Discount
Gordon GGM ¥1.01 ¥2.00 ¥3.04 70
DDM Multi-Stage ¥1.01 ¥1.73 ¥2.12 61
Multiples
P/E Multiple ¥14.72 ¥19.62 ¥24.53 63
P/S Multiple ¥9.17 ¥12.23 ¥15.28 58
P/B Multiple ¥11.37 ¥15.16 ¥18.95 55
EV/EBIT ¥18.40 ¥22.55 ¥26.69 53
EV/EBITDA ¥17.83 ¥21.79 ¥25.74 54
EV/Revenue ¥13.31 ¥16.45 ¥19.59 43
Asset-Based
NCAV (Graham) ¥4.90 ¥6.57 ¥9.80 50
Growth DCF
Growth DCF ¥7.94 ¥9.27 ¥11.38 72
Rev-Margin DCF ¥11.40 ¥16.23 ¥22.34 67
Economic Profit
Residual Income ¥8.25 ¥8.97 ¥11.83 76
ROIC Compounder ¥13.82 ¥16.32 ¥19.50 67
Growth Earnings
Growth-Adj P/E ¥11.71 ¥16.73 ¥21.74 68

Widest divergence: Growth Earnings (¥16.73) versus Dividend Discount (¥1.73). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 521M CNY
Revenue growth (YoY) -9.5%
Net margin 25.6%
Return on equity 9.2%
Free cash flow 25.2M CNY FY2025
P/E ratio 21.0
More key figures
Operating margin 30.3%
EPS (TTM) ¥0.8800
Dividend yield 0.6%
EPS growth (YoY) -5.0%

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 54 · Market factors (momentum, volatility) 33

Profitability 48
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 39
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 Haisen Pharmaceutical Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of pharmaceutical intermediates, active pharmaceutical ingredients, and preparations in China and internationally.

Full company description

Zhejiang Haisen Pharmaceutical Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of pharmaceutical intermediates, active pharmaceutical ingredients, and preparations in China and internationally. The company offers active pharmaceutical ingredients for use as antilipemic agents, antipyretic analgesics, antidepressants, analgesics, antibacterial agents, histamine drugs, and anticonvulsants, as well as for anti-gastric ulcers, and digestive and cardiovascular applications. It also provides chemical products for use as paroxetine HCl and amikacin sulphate intermediates and food additives; and escitalopram oxalate tablets to treat depression and panic disorders under the Tezi brand. In addition, the company engages in the import and export of goods; trading; and medical research and experimental development activities. Zhejiang Haisen Pharmaceutical Co., Ltd. was incorporated in 1998 and is headquartered in Dongyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Haisen Pharmaceutical Co reported revenue of ¥532M in FY2025 versus ¥389M in FY2021, a compound +8.2%/yr. Reported net income was ¥136M in FY2025, compounding +9.6%/yr from FY2021.

Growth Quality 55/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
532M CNY
Latest YoY
+12.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.0%
Revenue +8.2%/yr
FY21 ¥389M
FY22 ¥423M
FY23 ¥397M
FY24 ¥472M
FY25 ¥532M
Net income +9.6%/yr
FY21 ¥94.0M
FY22 ¥108M
FY23 ¥105M
FY24 ¥123M
FY25 ¥136M

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Cite: Fair Value Calculator (2026). "Zhejiang Haisen Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/001367

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 52 · Below median
Fair Value upside −5% · Above median
Return on equity (TTM) 9% · Below median
Return on assets 6% · Below median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 30% · Above median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.6% · Below median

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

P/E (TTM) 21.0× · Pricier than median
P/B 1.88× · Cheaper than median
P/S (TTM) 5.40× · Pricier than median
P/FCF 16.6× · Pricier than median
EV/EBITDA 11.5× · Cheaper than median

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 26 · sector 0
FUTURE 0 · sector 24
PAST 37 · sector 50
HEALTH 0 · sector 94
DIVIDEND 13 · 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 Haisen Pharmaceutical Co (001367) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥18.13 versus a price of ¥19.12, about −5% (fairly valued).
What is the fair value of 001367?
Our model-based fair value for Zhejiang Haisen Pharmaceutical Co is ¥18.13 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥19.12.
What is the quality score of 001367?
Zhejiang Haisen Pharmaceutical Co has a Quality Score of 52/100. 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 Haisen Pharmaceutical Co (001367)?
Zhejiang Haisen Pharmaceutical Co reported trailing-twelve-month revenue of about 521M CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 001367?
The net profit margin of Zhejiang Haisen Pharmaceutical Co is about 25.6%, meaning it keeps roughly 25.6% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Haisen Pharmaceutical Co pay a dividend?
Zhejiang Haisen Pharmaceutical Co currently shows a dividend yield of about 0.57% 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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