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Sinphar Pharmaceutical Co (1734) Fair Value & Analysis

Healthcare · TW · Market cap 6.3B TWD

SP Sinphar Pharmaceutical Co 1734 · TW
Price31.90 TWD
Fair Value33.86 TWD
Upside+6.1%
Quality66/100
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Healthy Growth
Thin margins · 9.6% net margin
Low debt · generates free cash flow
3.22% dividend yield
Ranks above peers (12/15)
Moderate moat 46/100
Evidence: Medium Range 22.92 TWD – 43.18 TWD Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price −3.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (22.92 TWD to 43.18 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

42.03 TWD 26.50 TWD Fair Value 33.86 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 26.50 TWD – 42.03 TWD · fair‑value band 22.92 TWD – 43.18 TWD · the 31.90 TWD price screens below the 33.86 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Sinphar Pharmaceutical Co (1734) currently trades at 31.90 TWD, while our model-based Fair Value estimate is 33.86 TWD, implying the stock looks roughly 6.1% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Sinphar Pharmaceutical Co generated revenue of 3.4B TWD at a net margin of 9.6%. Revenue grew 2.6% year over year. It earns a return on equity of 8.4%. Net debt stands at 646M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 22.92 TWD (bear case) to 43.18 TWD (bull case); at 31.90 TWD, 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 3% below its 52-week high and 7% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 6%, 1734 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 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. Evidence
Highest evidence
Growth DCF 18.99 TWD 27.13 TWD 37.85 TWD 80
Residual Income 15.98 TWD 17.82 TWD 26.78 TWD 76
Rev-Margin DCF 17.30 TWD 27.49 TWD 38.54 TWD 74
All 25 models by family
DCF Models
FCF DCF 18.50 TWD 27.38 TWD 39.65 TWD 38
Owner Earnings 20.40 TWD 30.11 TWD 43.51 TWD 31
5Y Revenue Exit 17.30 TWD 27.27 TWD 39.57 TWD 39
5Y EBITDA Exit 25.90 TWD 42.68 TWD 61.58 TWD 41
5Y P/E Exit 22.98 TWD 37.45 TWD 51.97 TWD 38
10Y Revenue Exit 17.01 TWD 25.90 TWD 36.95 TWD 36
10Y EBITDA Exit 22.84 TWD 36.12 TWD 52.72 TWD 37
10Y P/E Exit 21.05 TWD 32.65 TWD 45.84 TWD 35
Earnings-Based
Graham-Dodd 13.08 TWD 32.15 TWD 41.63 TWD 54
PEG = 1.0 5.79 TWD 8.27 TWD 10.75 TWD 46
EPV 15.52 TWD 18.31 TWD 20.71 TWD 59
Dividend Discount
Gordon GGM 8.36 TWD 14.83 TWD 22.80 TWD 70
DDM Multi-Stage 8.36 TWD 12.38 TWD 16.58 TWD 61
Multiples
P/E Multiple 31.73 TWD 42.31 TWD 52.88 TWD 63
P/S Multiple 24.52 TWD 32.69 TWD 40.86 TWD 58
P/B Multiple 24.52 TWD 32.69 TWD 40.86 TWD 55
EV/EBIT 25.80 TWD 35.11 TWD 44.43 TWD 53
EV/EBITDA 34.91 TWD 47.26 TWD 59.61 TWD 54
EV/Revenue 17.80 TWD 26.34 TWD 34.89 TWD 43
Asset-Based
NCAV (Graham) 9.05 TWD 12.13 TWD 18.11 TWD 50
Growth DCF
Growth DCF 18.99 TWD 27.13 TWD 37.85 TWD 80
Rev-Margin DCF 17.30 TWD 27.49 TWD 38.54 TWD 74
Economic Profit
Residual Income 15.98 TWD 17.82 TWD 26.78 TWD 76
ROIC Compounder 15.52 TWD 18.39 TWD 22.37 TWD 72
Growth Earnings
Growth-Adj P/E 24.25 TWD 34.64 TWD 45.03 TWD 68

Widest divergence: Growth Earnings (34.64 TWD) versus Asset-Based (12.13 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.4B TWD
Revenue growth (YoY) +2.6%
Net margin 9.6%
Return on equity 8.4%
Free cash flow 384M TWD FY2025
P/E ratio 17.2
More key figures
Operating margin 11.0%
EPS (TTM) 1.92 TWD
Dividend yield 3.2%
EPS growth (YoY) -34.2%
Net debt 646M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 60

Profitability 44
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 71
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

Sinphar Pharmaceutical Co.,Ltd., together with its subsidiaries, engages in the production, processing, selling, and trading of various medicines, Chinese medicines, medical cosmetic products and nutrients in Taiwan, Mainland China, Vietnam, Indonesia, and internationally. It operates through three segments: Pharmaceuticals, Healthy Food, and Others.

Full company description

Sinphar Pharmaceutical Co.,Ltd., together with its subsidiaries, engages in the production, processing, selling, and trading of various medicines, Chinese medicines, medical cosmetic products and nutrients in Taiwan, Mainland China, Vietnam, Indonesia, and internationally. It operates through three segments: Pharmaceuticals, Healthy Food, and Others. The company offers pharmaceutical products, including antineoplastic, ophthalmic, ENT, oral, respiratory system, dermatology, analgesic and NSAIDs, metabolic and nutrient, gastrointestinal, and other products; and healthy food under the Sinphar, DailyCare, Migus, YouBest, and SynCoreBio brands. It also provides moisturizer repair essence, anti aging cream, renewable oi, and UV defence cream under the DYNASKIN brand; serum, revitalizing cream, hygiene, sunblock, sunscreen, and lightening tables under the Yestuner brand; and shower gel and hair shampoo. In addition, the company is involved in the provision of testing and development, as well as product design and manufacturing services. The company was incorporated in 1977 and is based in Yilan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinphar Pharmaceutical Co reported revenue of 3.4B TWD in FY2025 versus 2.4B TWD in FY2021, a compound +8.5%/yr. Reported net income was 366M TWD in FY2025.

Growth Quality 74/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.4B TWD
Latest YoY
+7.0%
Avg. growth/yr (3Y) 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.
+5.7%
Avg. growth/yr (5Y) 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.
+7.1%
Avg. growth/yr (23Y) 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.
+5.8%
Revenue +8.5%/yr
FY21 2.4B TWD
FY22 2.9B TWD
FY23 3.0B TWD
FY24 3.2B TWD
FY25 3.4B TWD
Net income
FY21 −38.1M TWD
FY22 225M TWD
FY23 375M TWD
FY24 305M TWD
FY25 366M TWD

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Cite: Fair Value Calculator (2026). "Sinphar Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/1734

Peer Group

Biotechnology · 601 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 66 · Top 25%
Fair Value upside +6% · Top 25%
Return on equity (TTM) 8% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 3% · Above median
Dividend yield (TTM) 3.2% · Top 25%
Debt / equity 0.37× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 17.2× · Cheaper than median
P/B 1.82× · Pricier than median
P/S (TTM) 1.85× · Cheaper than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 10.4× · Cheaper than median
PEG 1.86× · 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 41 · sector 0
FUTURE 13 · sector 0
PAST 34 · sector 0
HEALTH 82 · sector 98
DIVIDEND 64 · sector 23

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 21, 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%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
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%

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Frequently asked questions

Is Sinphar Pharmaceutical Co (1734) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 33.86 TWD versus a price of 31.90 TWD, about +6% (fairly valued).
What is the fair value of 1734?
Our model-based fair value for Sinphar Pharmaceutical Co is 33.86 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 31.90 TWD.
What is the quality score of 1734?
Sinphar Pharmaceutical Co has a Quality Score of 66/100. 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 Sinphar Pharmaceutical Co (1734)?
Sinphar Pharmaceutical Co reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1734?
The net profit margin of Sinphar Pharmaceutical Co is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.
Does Sinphar Pharmaceutical Co pay a dividend?
Sinphar Pharmaceutical Co currently shows a dividend yield of about 3.22% relative to its recent price (as of Jul 21, 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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