Sichuan Kelun Pharmaceutical Co Ltd (002422) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sichuan Kelun Pharmaceutical Co Ltd stock ¥18.40, price ¥45.08, that is 59.2% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥13.17 – ¥51.20 · fair‑value band ¥12.88 – ¥23.92 · the ¥45.08 price screens above the ¥18.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Sichuan Kelun Pharmaceutical Co., Ltd. researches, develops, produces, and sells infusion and non-infusion pharmaceutical products in China and internationally. The company operates through Chuanning, Botai, and Other Business segments.
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The company offers infusion products; oral medication and other dosage form; medical devices, such as infusion sets, sterile dispensing and injection syringes, vein detained needles, nebulizer sets, and vacuum blood collection tubes; over-the-counter products; and APIs to treat cardiovascular, IPF, ED, anti-tumor, anti-emetic, antibiotic, VB12, anti-rheumatoid arthritis, multiple sclerosis, anti-schizophrenia, CKD and anti-anemia, polypeptide, and other indications.
It also provides ambroxol hydrochloride, potassium chloride, sodium chloride, magnesium sulfate, glucose, sterile water, sodium bicarbonate, lidocaine hydrochloride, vitamin B6, ribavirin, ceftazidime, 5% glucose, and ceftriaxone sodium injections.
In addition, the company engages in investment; import and export; enterprise management; logistics and transportation; business services; agricultural non-staple food processing; production and sale of pharmaceutical intermediates; research and development of bio-based materials technology; Internet and related services; crop planting; professional technical; biotechnology extension; socio-economic consultation; technology promotion; medical research and testing exhibition; general cargo road transport; ecological protection and environmental management; and wholesale and retail.
It exports its products to Japan. The company was formerly known as Sichuan Kelun Pharmaceutical Factory Co., Ltd and changed its name to Sichuan Kelun Pharmaceutical Co., Ltd. in August 2003. The company was founded in 1996 and is based in Chengdu, the People's Republic of China.
Sichuan Kelun Pharmaceutical Co., Ltd. operates as a subsidiary of Sichuan Kelun Industry Group CO., LTD.
Stock analysis
Sichuan Kelun Pharmaceutical Co Ltd (002422) currently trades at ¥45.08, while our model-based Fair Value estimate is ¥18.40, 59% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥25.27 per share, and 0 of the 26 models we run sit above the ¥45.08 price.
Bear case: the Asset-Based group reads lowest at ¥2.78, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥12.88 (bear) to ¥23.92 (bull), the price of ¥45.08 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 49/100 (below-average quality), in the Healthcare sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sichuan Kelun Pharmaceutical Co Ltd reported revenue of 18.5B CNY in FY2025 versus 17.3B CNY in FY2021, a compound +1.7%/yr. Reported net income was 1.7B CNY in FY2025, compounding +11.5%/yr from FY2021.
Key figures
Market cap 72.0B CNY (≈ $10.8B) Large · P/E ratio 36.4 · P/S ratio 3.93 · EPS (TTM) ¥1.24 · Dividend yield 1.3% · Net margin 10.7% · Return on equity 7.9% · Return on assets (EBIT) 7.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −11% fair-value upside, at −59%, 002422 screens richer than that median.
Fair Value models
Bear¥12.88Fair Value ¥18.40Bull¥23.92
Price ¥45.08 · Downside -59.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.5522 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.57/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−15.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.4%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+13.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+11.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.0%
Dividend (yield on the price)1.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.0% vs 9.0%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +32.9% a year for the price and +8.6% for the forecasts.
Compare Sichuan Kelun Pharmaceutical Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - General · 74 stocks
Beats the industry median on 3/15 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−59.2% · Bottom 25%
Profitability
Return on equity (12 months)7.9% · Below median
Return on assets4.3% · Below median
Net margin (12 months)10.7% · Above median
Operating margin (12 months)10.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)1.9% · Below median
Dividend yield (12 months)1.3% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Drug Manufacturers - General median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sichuan Kelun Pharmaceutical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002422
Frequently asked questions
Is Sichuan Kelun Pharmaceutical Co Ltd (002422) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥18.40 versus a price of ¥45.08, about 59% lower (overvalued).
What is the fair value of 002422?
Our model-based fair value for Sichuan Kelun Pharmaceutical Co Ltd is ¥18.40 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥45.08.
What is the quality score of 002422?
Sichuan Kelun Pharmaceutical Co Ltd has a Quality Score of 49/100. 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 price target for Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Our model-based price target is the fair value of ¥18.40 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ¥12.88, optimistic scenario ¥23.92. It is a calculation from audited fundamentals, not an analyst target.
What is the Sichuan Kelun Pharmaceutical Co Ltd stock forecast for 2026?
Our models put fair value at ¥18.40, about 59% lower versus a price of ¥45.08 (overvalued). Cautious scenario ¥12.88, optimistic scenario ¥23.92. The calculation is refreshed regularly with new filings.
What is the revenue of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Sichuan Kelun Pharmaceutical Co Ltd reported trailing-twelve-month revenue of about 18.3B CNY (latest available figure, as of Nov 5, 2026).
Does Sichuan Kelun Pharmaceutical Co Ltd pay a dividend?
Sichuan Kelun Pharmaceutical Co Ltd currently shows a dividend yield of 1.32% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Sichuan Kelun Pharmaceutical Co Ltd (002422) and when is the ex-dividend date?
Sichuan Kelun Pharmaceutical Co Ltd pays a dividend of ¥0.594 per share a year, a dividend yield of 1.3%. The last ex-dividend date was Oct 21, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 47.9% of earnings. Free cash flow covers the dividend 1.08 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sichuan Kelun Pharmaceutical Co Ltd (002422)?
For today's price to be fair in a discounted-cash-flow model, Sichuan Kelun Pharmaceutical Co Ltd would have to grow free cash flow by +35.2 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 002422 use?
Our models discount Sichuan Kelun Pharmaceutical Co Ltd at 10.4 %: a base by market capitalisation (mid), country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sichuan Kelun Pharmaceutical Co Ltd that is +35.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Sichuan Kelun Pharmaceutical Co Ltd (002422) delivered so far?
Over the past 5 years revenue at Sichuan Kelun Pharmaceutical Co Ltd grew +2.4 % a year. The price currently implies free-cash-flow growth of +35.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sichuan Kelun Pharmaceutical Co Ltd (002422) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Sichuan Kelun Pharmaceutical Co Ltd (+35.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The free-cash-flow yield on the price is 1.42 %: that much free cash flow Sichuan Kelun Pharmaceutical Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sichuan Kelun Pharmaceutical Co Ltd it is ¥18.40 per share (as of Nov 5, 2026), against a price of ¥45.08. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sichuan Kelun Pharmaceutical Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 002422 trades above its calculated fair value: price ¥45.08, fair value ¥18.40, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002422?
No. The price is what the market pays today (¥45.08); the fair value is what the company's own numbers justify (¥18.40). For Sichuan Kelun Pharmaceutical Co Ltd the two are ¥26.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sichuan Kelun Pharmaceutical Co Ltd worth?
The market values Sichuan Kelun Pharmaceutical Co Ltd at about 72.0B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥45.08; our models calculate a fair value of ¥18.40 per share.
What do the bullish and bearish scenarios say about 002422?
Our models span a range for Sichuan Kelun Pharmaceutical Co Ltd: cautious scenario ¥12.88, base ¥18.40, optimistic ¥23.92 per share (as of Nov 5, 2026, price ¥45.08). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002422?
Sichuan Kelun Pharmaceutical Co Ltd trades at a price-to-earnings ratio of 36.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥18.40 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 25.9. Other multiples: PEG 1.1, P/B 3.0, P/S 3.9, EV/EBITDA 22.3.
What is the PEG ratio of 002422?
The PEG ratio of Sichuan Kelun Pharmaceutical Co Ltd is 1.13 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Balance-sheet figures for Sichuan Kelun Pharmaceutical Co Ltd (as of Nov 5, 2026): return on equity 7.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 002422 from its 52-week high?
Sichuan Kelun Pharmaceutical Co Ltd trades at ¥45.08, about 12% below its 52-week high of ¥51.20 and 59% above the low of ¥28.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥18.40 is for.
Which stocks are comparable to Sichuan Kelun Pharmaceutical Co Ltd?
From the same area (Healthcare) we also value Eli Lilly and Company, Johnson & Johnson,, AbbVie Inc, Roche Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sichuan Kelun Pharmaceutical Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥45.08, calculated fair value ¥18.40 (−59%), Quality Score 49/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002422 calculated?
We run Sichuan Kelun Pharmaceutical Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥18.40 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Sichuan Kelun Pharmaceutical Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The closing price on Nov 6, 2026 was ¥45.08. Our model-based fair value is ¥18.40, about 59% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sichuan Kelun Pharmaceutical Co Ltd right now?
The price sits above even our optimistic bull case (¥23.92). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥12.88 to ¥23.92) leaves room in how you read the outcome.
Where does the earnings growth of Sichuan Kelun Pharmaceutical Co Ltd (002422) come from?
Earnings per share at Sichuan Kelun Pharmaceutical Co Ltd grew +10.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.1 %, EBIT margin +3.2 %, tax rate −1.2 %, residual (interest, one-offs) −2.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sichuan Kelun Pharmaceutical Co Ltd
How large is the market capitalisation of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The market capitalisation of Sichuan Kelun Pharmaceutical Co Ltd is 72.0B CNY (≈ $10.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The price-to-sales ratio of Sichuan Kelun Pharmaceutical Co Ltd is 3.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Earnings per share at Sichuan Kelun Pharmaceutical Co Ltd are ¥1.24 (price ÷ EPS = P/E 36.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The dividend yield of Sichuan Kelun Pharmaceutical Co Ltd is 1.3% (payout 47.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The net margin of Sichuan Kelun Pharmaceutical Co Ltd is 10.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The return on equity (ROE) of Sichuan Kelun Pharmaceutical Co Ltd is 7.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
On an EBIT basis the return on assets of Sichuan Kelun Pharmaceutical Co Ltd is 7.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sichuan Kelun Pharmaceutical Co Ltd (002422)?
The operating margin of Sichuan Kelun Pharmaceutical Co Ltd is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Revenue at Sichuan Kelun Pharmaceutical Co Ltd is growing +1.9% versus a year earlier (3y avg −0.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sichuan Kelun Pharmaceutical Co Ltd (002422)?
Earnings per share at Sichuan Kelun Pharmaceutical Co Ltd are growing +71.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sichuan Kelun Pharmaceutical Co Ltd (002422) hold?
Sichuan Kelun Pharmaceutical Co Ltd holds more cash than debt, 637M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026