CSPC Pharmaceutical Group Ltd (1093) fair value: what the stock is really worth
We calculate from audited financials what CSPC Pharmaceutical Group Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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CSPC Pharmaceutical Group Ltd
1093 · HKNeutralQuality growthThe stock looks roughly fairly valued with average 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 18, 2026.
How to read this chart
60‑month range HK$4.13 – HK$11.06 · fair‑value band HK$6.82 – HK$12.65 · the HK$8.93 price screens below the HK$9.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.
Company profile
CSPC Pharmaceutical Group Limited, an investment holding company, engages in the manufacture and sale of pharmaceutical products in Mainland China, other Asian regions, Europe, North America, and internationally. It operates through Finished Drugs, Bulk Products, and Functional Food and Others segments.
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CSPC Pharmaceutical Group Limited, an investment holding company, engages in the manufacture and sale of pharmaceutical products in Mainland China, other Asian regions, Europe, North America, and internationally. It operates through Finished Drugs, Bulk Products, and Functional Food and Others segments. The company provides NBP soft capsules and injections for acute ischemic stroke; Oulaining capsules and injections to treat mild to moderate memory and mental impairment; Enxi to treat adult idiopathic Parkinson's disease; Duomeisu for lymphoma, multiple myeloma, ovarian and breast cancers, and other malignant tumors; Jinyouli to prevent infection induced by chemotherapy; and Keaili for breast cancer. It also offers Shuluoke, Nuomoling, Weihong, and Xinweihong for various infections; Xuanning for hypertension; Encun to prevent atherosclerotic thrombosis events; Qixiao to treat upper respiratory tract infection; Linmeixin and Shuanglexin for diabetes; Gubang and Gubangjia to treat osteoporosis in postmenopausal women; and Gaoshunsong for arthritis, osteoarthritis, ankylosing spondylitis, frozen shoulder, bursuitis, tenosynovitis, acute gout, dysmenorrhea, toothache and postoperative pain, low back pain, sprain, strain, and other soft tissue injuries. In addition, the company provides Debixin for various ulcer; Qimaite for acute and chronic pains; antibiotics, vitamin C, and caffeine APIs; functional food products; and healthcare services. It has a strategic collaboration with AstraZeneca PLC to advance the discovery and development of novel oral candidates, with the potential to treat diseases across multiple indications and multiple therapies for obesity and type 2 diabetes. The company was formerly known as China Pharmaceutical Group Limited and changed its name to CSPC Pharmaceutical Group Limited in March 2013. CSPC Pharmaceutical Group Limited was incorporated in 1992 and is headquartered in Shijiazhuang, the People's Republic of China.
Stock analysis
CSPC Pharmaceutical Group Ltd (1093) currently trades at HK$8.93, while our model-based Fair Value estimate is HK$9.74, implying the stock looks roughly 8.3% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$8.71 per share, and 6 of the 26 models we run sit above the HK$8.93 price.
Bear case: the Asset-Based group reads lowest at HK$1.95, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$6.82 (bear) to HK$12.65 (bull), the price of HK$8.93 sits inside 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 65/100 (solid quality), in the Healthcare sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
CSPC Pharmaceutical Group Ltd reported revenue of 25.3B CNY in FY2025 versus 27.4B CNY in FY2021, a compound −1.9%/yr. Reported net income was 3.8B CNY in FY2025, compounding −9.0%/yr from FY2021.
Key figures
Market cap HK$102B (≈ $13.0B) · P/E ratio 18.6 · P/S ratio 2.77 · EPS (TTM) HK$0.3170 · Dividend yield 2.7% · Net margin 14.9% · Return on equity 9.6% · Return on assets (EBIT) 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 22% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −1% fair-value upside, at 9%, 1093 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 67 · Market factors (momentum, volatility) 48
Revenue & earnings trend
Growth Forecast
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Compare CSPC Pharmaceutical Group 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 - General · 73 stocks
Valuation Multiplesvs Drug Manufacturers - General median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong 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 - General stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Eli Lilly and Company LLY | $1,136 | $778.94 | −31% |
| Johnson & Johnson, JNJ | $267.20 | $169.04 | −37% |
| AbbVie Inc ABBV | $263.04 | $259.66 | −1% |
| Roche Holding RO | CHF 369.80 | CHF 306.54 | −17% |
| Merck & Co MRK | €124.22 | €101.89 | −18% |
| Novartis AG NVS | $137.16 | $138.70 | +1% |
| Novo Nordisk A/S NOVOB | kr 272.60 | kr 409.46 | +50% |
| Amgen Inc AMGN | $375.65 | $413.22 | +10% |
| Gilead Sciences, Inc GILD | $146.30 | $198.51 | +36% |
| Pfizer Inc PFE | $27.55 | $20.39 | −26% |
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