Beijing SL Pharmaceutical Co Ltd (002038) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Beijing SL Pharmaceutical Co Ltd ¥1.28, price ¥5.91, upside -78.3%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Beijing SL Pharmaceutical Co Ltd
002038 · SHEWeakest SetupStrongly overvalued and low quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥5.02 – ¥15.35 · fair‑value band ¥1.08 – ¥1.62 · the ¥5.91 price screens above the ¥1.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Beijing SL Pharmaceutical Co., Ltd., a biopharmaceutical company, research, development, and production of genetic engineering and related drugs People's Republic of China and internationally.
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Beijing SL Pharmaceutical Co., Ltd., a biopharmaceutical company, research, development, and production of genetic engineering and related drugs People's Republic of China and internationally. The company's finished formulations include temozolomide; arsenic trioxide; lenalidomide capsules; pegylated human granulocyte-stimulating factor injection; human granulocyte-cell stimulating factor injection; recombinant human basic fibroblast growth factor for external use recombinant human basic fibroblast growth factor gel; human interleukin-11; arsenic trioxide; thymopentin; paclitaxel injection; docetaxel injection; vinorelbine tartrate injection; asparaginase; calcium folinate; gemcitabine hydrochloride; regorafenib tablets; oseltamivir phosphate capsules; ornidazole injection; adefovir dipivoxil capsules/adefovir dipivoxil tablets; ribavirin; valacyclovir hydrochloride; levofloxacin hydrochlorid; tenofovir disoproxil fumarate; cyclosporin injection/cyclosporin soft capsules; mycophenolate mofetil dispersible; coenzyme complex; enoxaparin sodium; simvastatin; telmisartan amlodipine; liposon; nitroglycerin spray; eptifibatide, argatroban; voglibose; dapagliflozin; vildagliptin; granisetron hydrochloride injection; omeprazole enteric-coated capsules; adenosylmethionine butanedisulfonate; cytidine triphosphate disodium injection cytidine triphosphate disodium injection; gabapentin; risedronate sodium; salmon calcitonin injection; lucosamine sulfate capsules; loratadine dispersible; desloratadine; naftopidil; somatostatin for injection; octreotide acetate; and etodolac sustained-release tablets. The company was formerly known as Beijing BaiLuyuan Bio-Pharmaceutical Co., Ltd and changed its name to Beijing SL Pharmaceutical Co., Ltd. in 1998. Beijing SL Pharmaceutical Co., Ltd. was founded in 1994 and is headquartered in Beijing, the People's Republic of China.
Stock analysis
Beijing SL Pharmaceutical Co Ltd (002038) currently trades at ¥5.91, while our model-based Fair Value estimate is ¥1.28, implying the stock looks roughly 361.7% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥3.38 per share, and 0 of the 10 models we run sit above the ¥5.91 price.
Bear case: the DCF Models group reads lowest at ¥1.32, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.08 (bear) to ¥1.62 (bull), the price of ¥5.91 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Healthcare sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Beijing SL Pharmaceutical Co Ltd reported revenue of 624M CNY in FY2025 versus 1.2B CNY in FY2021, a compound −15.4%/yr. Reported net income was −347M CNY in FY2025.
Key figures
Market cap 6.1B CNY (≈ $906M) · P/S ratio 9.22 · EPS (TTM) ¥−0.4600 · Dividend yield 0.2% · Net margin −55.7% · Return on equity −9.0% · Return on assets (EBIT) 3.6% · Operating margin 26.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −8% fair-value upside, at −78%, 002038 screens richer than that median.
Fair Value models
All 10 models by family
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Set up alert →Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 39
Revenue & earnings trend
Growth Forecast
002038 screens 362% overvalued. Compare with Merck KGaA →
Compare Beijing SL Pharmaceutical Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Drug Manufacturers - Specialty & Generic · 611 stocks
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Merck KGaA MRK | €133.15 | €108.70 | −18% |
| Takeda Pharmaceutical Company TAK | $18.95 | $11.29 | −40% |
| Jiangsu Hengrui Pharmaceuticals Co 600276 | ¥45.72 | ¥50.29 | +10% |
| Sun Pharmaceutical Industries Limited SUNPHARMA | ₹1,846 | ₹1,979 | +7% |
| Galderma Group GALD | CHF 163.80 | CHF 109.88 | −33% |
| Haleon plc HLN | $9.25 | $8.50 | −8% |
| Teva Pharmaceutical Industries Limited TEVA | $39.52 | $20.75 | −47% |
| Sandoz Group SDZ | CHF 70.76 | CHF 40.16 | −43% |
| Zoetis Inc ZTS | $72.86 | $108.48 | +49% |
| Hansoh Pharmaceutical Group 3692 | HK$35.34 | HK$38.87 | +10% |
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Frequently asked questions
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Key figures of Beijing SL Pharmaceutical Co Ltd
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