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HARBIN GLORIA PHARMACEUTICALS Co (002437) Fair Value & Analysis

Healthcare · CN · Market cap 5.9B CNY

HG HARBIN GLORIA PHARMACEUTICALS Co 002437 · SHE
Price¥3.12
Fair Value¥2.18
Upside-30.1%
Quality69/100
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Mixed Growth
Solidly profitable · 19.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 56/100
Evidence: High Range ¥1.53 – ¥3.59 Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Share price +4.0% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥1.53 to ¥3.59) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥4.04 ¥1.68 Fair Value ¥2.18 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥1.68 – ¥4.04 · fair‑value band ¥1.53 – ¥3.59 · the ¥3.12 price screens above the ¥2.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

HARBIN GLORIA PHARMACEUTICALS Co (002437) currently trades at ¥3.12, while our model-based Fair Value estimate is ¥2.18, implying the stock looks roughly 30.1% overvalued today. The Quality Score stands at 69/100 (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, HARBIN GLORIA PHARMACEUTICALS Co generated revenue of 2.1B CNY at a net margin of 19.4%. Revenue declined 2.2% year over year. It earns a return on equity of 19.1%. The balance sheet holds a net cash position of 480M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.53 (bear case) to ¥3.59 (bull case); at ¥3.12, 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 24% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -30%, 002437 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 ¥1.33 ¥1.75 ¥2.30 80
Residual Income ¥1.08 ¥1.50 ¥5.49 76
Rev-Margin DCF ¥1.24 ¥1.78 ¥2.35 74
All 25 models by family
DCF Models
FCF DCF ¥1.30 ¥1.76 ¥2.37 38
Owner Earnings ¥2.18 ¥2.99 ¥4.08 31
5Y Revenue Exit ¥1.24 ¥1.76 ¥2.40 39
5Y EBITDA Exit ¥1.52 ¥2.26 ¥3.08 41
5Y P/E Exit ¥2.12 ¥3.31 ¥4.50 38
10Y Revenue Exit ¥1.22 ¥1.69 ¥2.25 36
10Y EBITDA Exit ¥1.43 ¥2.02 ¥2.73 37
10Y P/E Exit ¥1.79 ¥2.71 ¥3.73 35
Earnings-Based
Graham-Dodd ¥1.15 ¥2.59 ¥3.31 54
PEG = 1.0 ¥0.4200 ¥0.6100 ¥0.7900 46
EPV ¥1.11 ¥1.25 ¥1.38 59
Dividend Discount
Gordon GGM ¥0.0100 ¥0.0100 70
DDM Multi-Stage ¥0.0100 ¥0.0100 61
Multiples
P/E Multiple ¥2.79 ¥3.72 ¥4.65 63
P/S Multiple ¥2.16 ¥2.87 ¥3.59 58
P/B Multiple ¥2.16 ¥2.87 ¥3.59 55
EV/EBIT ¥1.71 ¥2.23 ¥2.74 53
EV/EBITDA ¥1.87 ¥2.43 ¥3.00 54
EV/Revenue ¥1.27 ¥1.74 ¥2.21 43
Asset-Based
NCAV (Graham) ¥0.5100 ¥0.6900 ¥1.03 50
Growth DCF
Growth DCF ¥1.33 ¥1.75 ¥2.30 80
Rev-Margin DCF ¥1.24 ¥1.78 ¥2.35 74
Economic Profit
Residual Income ¥1.08 ¥1.50 ¥5.49 76
ROIC Compounder ¥1.12 ¥1.31 ¥1.53 72
Growth Earnings
Growth-Adj P/E ¥2.08 ¥2.97 ¥3.86 68

Widest divergence: Growth Earnings (¥2.97) versus Dividend Discount (¥0.0100). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.1B CNY
Revenue growth (YoY) -2.2%
Net margin 19.4%
Return on equity 19.1%
Free cash flow 250M CNY FY2025
P/E ratio 14.7
More key figures
Operating margin 14.1%
EPS (TTM) ¥0.1800
EPS growth (YoY) +59.8%
Net cash 480M CNY FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 43

Profitability 62
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 86
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

HARBIN GLORIA PHARMACEUTICALS Co., LTD engages in the research, development, production, and sale of pharmaceutical products in the People's Republic of China. Its products include cardiovascular and cerebrovascular, musculoskeletal, vitamins, electrolyte, diabetes-lowering, analgesics, digestive system and metabolism, anti-infective, and anti-tumor drugs.

Full company description

HARBIN GLORIA PHARMACEUTICALS Co., LTD engages in the research, development, production, and sale of pharmaceutical products in the People's Republic of China. Its products include cardiovascular and cerebrovascular, musculoskeletal, vitamins, electrolyte, diabetes-lowering, analgesics, digestive system and metabolism, anti-infective, and anti-tumor drugs. Harbin Gloria Pharmaceuticals Co., Ltd was founded in 2000 and is based in Harbin, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HARBIN GLORIA PHARMACEUTICALS Co reported revenue of ¥2.1B in FY2025 versus ¥3.1B in FY2021, a compound −9.2%/yr. Reported net income was ¥377M in FY2025, compounding +70.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.1B CNY
Avg. growth/yr (3Y)
−8.1%
Avg. growth/yr (5Y)
−13.5%
Avg. growth/yr (17Y)
+17.2%
Revenue −9.2%/yr
FY21 ¥3.1B
FY22 ¥3.1B
FY23 ¥2.6B
FY24 ¥2.4B
FY25 ¥2.1B
Net income +70.1%/yr
FY21 ¥45.0M
FY22 −¥291M
FY23 ¥120M
FY24 ¥233M
FY25 ¥377M

002437 screens 30% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "HARBIN GLORIA PHARMACEUTICALS Co Fair Value". https://www.fairvalue-calculator.com/stock/002437

Peer Group

Drug Manufacturers - Specialty & Generic · 626 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 69 · Top 25%
Fair Value upside −30% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 14% · Above median
Revenue growth -2% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 14.7× · Cheaper than median
P/B 2.57× · Pricier than median
P/S (TTM) 2.77× · Pricier than median
P/FCF 3.5× · Pricier than median
EV/EBITDA 16.5× · Pricier 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 0 · sector 7
FUTURE 0 · sector 20
PAST 76 · sector 23
HEALTH 100 · sector 97
DIVIDEND 0 · sector 34

VALUE 0: the price sits above our fair-value range.

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 - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is HARBIN GLORIA PHARMACEUTICALS Co (002437) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥2.18 versus a price of ¥3.12, about −30% (overvalued).
What is the fair value of 002437?
Our model-based fair value for HARBIN GLORIA PHARMACEUTICALS Co is ¥2.18 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.12.
What is the quality score of 002437?
HARBIN GLORIA PHARMACEUTICALS Co has a Quality Score of 69/100. 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 HARBIN GLORIA PHARMACEUTICALS Co (002437)?
HARBIN GLORIA PHARMACEUTICALS Co reported trailing-twelve-month revenue of about 2.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002437?
The net profit margin of HARBIN GLORIA PHARMACEUTICALS Co is about 19.4%, meaning it keeps roughly 19.4% of revenue as net income. Based on the latest reported figures.

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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