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Sino Biopharmaceutical Limited (1177) Fair Value & Analysis

Healthcare · HK · Market cap HK$93.0B

SB Sino Biopharmaceutical Limited 1177 · HK
PriceHK$4.93
Fair ValueHK$3.36
Upside-31.9%
Quality58/100
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Healthy Growth
Thin margins · 7.4% net margin
Low debt · generates free cash flow
1.76% dividend yield
Ranks above peers (11/15)
Moderate moat 54/100
Evidence: Medium Range HK$2.52 – HK$4.19 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from HK$2.89 to HK$3.36 (+16.3%) since Jul 7, 2026. Share price +2.3% over the past month.

A solid business, but screening 32% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$4.19). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$8.91 HK$2.24 Fair Value HK$3.36 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range HK$2.24 – HK$8.91 · fair‑value band HK$2.52 – HK$4.19 · the HK$4.93 price screens above the HK$3.36 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Sino Biopharmaceutical Limited (1177) currently trades at HK$4.93, while our model-based Fair Value estimate is HK$3.36, implying the stock looks roughly 31.9% overvalued today. We read business quality at 58/100 (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: medium).

Over the trailing twelve months, Sino Biopharmaceutical Limited generated revenue of HK$31.8B at a net margin of 7.4%. Revenue grew 9.8% year over year. It earns a return on equity of 12.5%. Net debt stands at HK$8.7B. Fundamentals as of Jul 16, 2026

Our scenario range runs from HK$2.52 (bear case) to HK$4.19 (bull case); at HK$4.93, the current price sits above 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 46% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -57% fair-value upside, at -32%, 1177 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 HK$5.94 HK$12.13 HK$21.96 80
Residual Income HK$1.43 HK$1.53 HK$1.69 76
Rev-Margin DCF HK$4.06 HK$7.17 HK$11.52 74
All 26 models by family
DCF Models
FCF DCF HK$6.11 HK$11.30 HK$24.42 38
Owner Earnings HK$1.48 HK$3.06 HK$6.09 31
5Y Revenue Exit HK$4.06 HK$7.26 HK$11.75 39
5Y EBITDA Exit HK$4.81 HK$8.93 HK$14.34 41
5Y P/E Exit HK$3.14 HK$5.21 HK$7.63 38
10Y Revenue Exit HK$4.56 HK$7.97 HK$13.58 36
10Y EBITDA Exit HK$5.19 HK$9.25 HK$15.93 37
10Y P/E Exit HK$4.04 HK$6.40 HK$9.87 35
Earnings-Based
Graham-Dodd HK$0.9000 HK$5.30 HK$7.38 54
Lynch FV HK$1.50 HK$2.15 HK$2.79 50
PEG = 1.0 HK$1.50 HK$2.15 HK$2.79 46
EPV HK$2.84 HK$3.32 HK$3.73 59
Dividend Discount
Gordon GGM HK$0.7800 HK$1.61 HK$2.56 70
DDM Multi-Stage HK$0.7800 HK$1.36 HK$1.69 61
Multiples
P/E Multiple HK$1.98 HK$2.64 HK$3.30 63
P/S Multiple HK$1.68 HK$2.24 HK$2.80 58
P/B Multiple HK$1.68 HK$2.24 HK$2.80 55
EV/EBIT HK$5.27 HK$7.03 HK$8.79 53
EV/EBITDA HK$4.47 HK$5.96 HK$7.45 54
EV/Revenue HK$3.12 HK$4.47 HK$5.81 43
Asset-Based
NCAV (Graham) HK$0.8600 HK$1.16 HK$1.73 50
Growth DCF
Growth DCF HK$5.94 HK$12.13 HK$21.96 80
Rev-Margin DCF HK$4.06 HK$7.17 HK$11.52 74
Economic Profit
Residual Income HK$1.43 HK$1.53 HK$1.69 76
ROIC Compounder HK$3.40 HK$4.92 HK$6.95 72
Growth Earnings
Growth-Adj P/E HK$2.15 HK$3.07 HK$4.00 68

Widest divergence: DCF Models (HK$7.26) versus Asset-Based (HK$1.16). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$31.8B
Revenue growth (YoY) +9.8%
Net margin 7.4%
Return on equity 12.5%
Free cash flow HK$7.6B FY2025
P/E ratio 31.1
More key figures
Operating margin 20.2%
EPS (TTM) HK$0.1900
Dividend yield 1.9%
EPS growth (YoY) +14.7%
Net debt HK$8.7B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 71 · Market factors (momentum, volatility) 31

Profitability 39
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 97
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

Sino Biopharmaceutical Limited, an investment holding company, operates as a research and development pharmaceutical conglomerate in the People's Republic of China. It operates through three segments: Modernised Chinese Medicines and Chemical Medicines, Investment, and Others.

Full company description

Sino Biopharmaceutical Limited, an investment holding company, operates as a research and development pharmaceutical conglomerate in the People's Republic of China. It operates through three segments: Modernised Chinese Medicines and Chemical Medicines, Investment, and Others. The company offers oncology medicines, including anlotinib hydrochloride capsules under Focus V brand, penpulimab injection under Annike brand, efbemalenograstin alfa injection under Yilishu brand, benmelstobart injection under Andewei brand, unecritinib fumarate capsules under Anboni brand, envonalkib citrate capsule under Anluoqing brand, garsorasib tablets under Anfangning brand, bevacizumab injection under Anbeisi brand, culmerciclib capsule under Saitanxin brand, zongertinib tablets under Hernexeos brand, rovadicitinib tablet under Anxu brand,rituximab injection under Delituo brand, trastuzumab for injection under Saituo brand, and pertuzumab injection, under Paletan brand; liver disease medications, such as magnesium isoglycyrrhizinate injection under Tianqing Ganmei brand and entecavir dispersible tablets under Runzhong brand; and respiratory system medicines comprising budesonide suspension for inhalation under Tianqing suchang brand. It also provides surgery/analgesia medicines, including flurbiprofen cataplasms under the brand Zepolas, limaprost tablets under the brand Kailitong, and recombinant human coagulation factor VIII for injection under the brand Anqixin. In addition, the company develops liver disease drugs, such as Lanifibranor and TQA2225; respiratory system drugs comprising TDI01, TQC2731, TCR1672, TQC3721, and TQH3906; and surgery/analgesia drugs, including PL-5, an antimicrobial peptide, TRD205, an AT2R inhibitor, and TRD208. Further, it is involved in the long-term investments; and healthcare and hospital business. The company was incorporated in 2000 and is headquartered in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sino Biopharmaceutical Limited reported revenue of HK$31.8B in FY2025 versus HK$26.9B in FY2021, a compound +4.3%/yr. Reported net income was HK$2.3B in FY2025, compounding −36.7%/yr from FY2021.

Growth Quality 76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$31.8B
Latest YoY
+10.3%
Avg. growth/yr (3Y)
+6.9%
Avg. growth/yr (5Y)
+6.1%
Avg. growth/yr (26Y)
+19.3%
Revenue +4.3%/yr
FY21 HK$26.9B
FY22 HK$26.0B
FY23 HK$26.2B
FY24 HK$28.9B
FY25 HK$31.8B
Net income −36.7%/yr
FY21 HK$14.6B
FY22 HK$2.5B
FY23 HK$2.3B
FY24 HK$3.5B
FY25 HK$2.3B

1177 screens 32% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Sino Biopharmaceutical Limited Fair Value". https://www.fairvalue-calculator.com/stock/1177

Peer Group

Biotechnology · 606 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 58 · Top 25%
Fair Value upside −32% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 20% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.25× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 34.9× · Pricier than median
P/B 3.03× · Pricier than median
P/S (TTM) 2.92× · Cheaper than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 12.8× · Cheaper than median
PEG 2.92× · Pricier than 75% of peers

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 0
FUTURE 49 · sector 0
PAST 50 · sector 0
HEALTH 88 · sector 98
DIVIDEND 35 · sector 22

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

Insider activity: 40/100

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%
Anthem Biosciences Limited ANTHEM ₹777.00 ₹196.91 -75%

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Frequently asked questions

Is Sino Biopharmaceutical Limited (1177) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of HK$3.36 versus a price of HK$4.93, about −32% (overvalued).
What is the fair value of 1177?
Our model-based fair value for Sino Biopharmaceutical Limited is HK$3.36 (as of Jul 16, 2026), built from audited fundamentals. The current price is HK$4.93.
What is the quality score of 1177?
Sino Biopharmaceutical Limited has a Quality Score of 58/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Sino Biopharmaceutical Limited (1177)?
Sino Biopharmaceutical Limited reported trailing-twelve-month revenue of about HK$31.8B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 1177?
The net profit margin of Sino Biopharmaceutical Limited is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Sino Biopharmaceutical Limited pay a dividend?
Sino Biopharmaceutical Limited currently shows a dividend yield of about 1.91% relative to its recent price (as of Jul 16, 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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