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Simcere Pharmaceutical Group Ltd (2096) Fair Value & Analysis

Healthcare · HK · Market cap HK$27.7B

SP Simcere Pharmaceutical Group Ltd 2096 · HK
PriceHK$12.14
Fair ValueHK$12.89
Upside+6.2%
Quality72/100
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Mixed Growth
Solidly profitable · 17.4% net margin
Low debt · generates free cash flow
1.83% dividend yield
Ranks above peers (10/14)
Moderate moat 62/100
Evidence: High Range HK$8.99 – HK$15.89 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$12.88 to HK$12.89 (+0.1%) since Aug 5, 2026. Share price −6.5% 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.
  • Our model range runs from HK$8.99 (bear) to HK$15.89 (bull), base HK$12.89. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$14.49 HK$4.70 Fair Value HK$12.89 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$4.70 – HK$14.49 · fair‑value band HK$8.99 – HK$15.89 · the HK$12.14 price screens below the HK$12.89 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Simcere Pharmaceutical Group Ltd (2096) currently trades at HK$12.14, while our model-based Fair Value estimate is HK$12.89, implying the stock looks roughly 6.2% fairly valued today. The Quality Score stands at 72/100 (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: high), always confirm before acting.

Over the trailing twelve months, Simcere Pharmaceutical Group Ltd generated revenue of HK$7.7B at a net margin of 17.4%. Revenue grew 17.7% year over year. It earns a return on equity of 16.2%. The balance sheet holds a net cash position of HK$2.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$8.99 (bear case) to HK$15.89 (bull case); at HK$12.14, 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 18% 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 -49% fair-value upside, at 6%, 2096 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 HK$7.01 HK$11.01 HK$17.67 80
Residual Income HK$3.60 HK$4.63 HK$11.99 76
Rev-Margin DCF HK$6.86 HK$10.83 HK$15.85 74
All 26 models by family
DCF Models
FCF DCF HK$7.02 HK$11.30 HK$18.58 38
Owner Earnings HK$5.61 HK$8.82 HK$14.27 31
5Y Revenue Exit HK$6.86 HK$10.92 HK$16.37 39
5Y EBITDA Exit HK$8.11 HK$13.44 HK$20.05 41
5Y P/E Exit HK$8.55 HK$14.33 HK$20.87 38
10Y Revenue Exit HK$6.68 HK$10.53 HK$16.30 36
10Y EBITDA Exit HK$7.69 HK$12.36 HK$19.33 37
10Y P/E Exit HK$7.98 HK$13.01 HK$20.00 35
Earnings-Based
Graham-Dodd HK$3.56 HK$15.47 HK$21.16 54
Lynch FV HK$3.98 HK$5.69 HK$7.40 50
PEG = 1.0 HK$3.98 HK$5.69 HK$7.40 46
EPV HK$6.52 HK$7.37 HK$8.12 59
Dividend Discount
Gordon GGM HK$1.40 HK$2.90 HK$4.61 70
DDM Multi-Stage HK$1.40 HK$2.45 HK$3.05 61
Multiples
P/E Multiple HK$8.63 HK$11.51 HK$14.39 63
P/S Multiple HK$6.67 HK$8.90 HK$11.12 58
P/B Multiple HK$6.67 HK$8.90 HK$11.12 55
EV/EBIT HK$9.10 HK$11.68 HK$14.25 53
EV/EBITDA HK$9.30 HK$11.94 HK$14.57 54
EV/Revenue HK$6.89 HK$9.25 HK$11.62 43
Asset-Based
NCAV (Graham) HK$1.83 HK$2.46 HK$3.66 50
Growth DCF
Growth DCF HK$7.01 HK$11.01 HK$17.67 80
Rev-Margin DCF HK$6.86 HK$10.83 HK$15.85 74
Economic Profit
Residual Income HK$3.60 HK$4.63 HK$11.99 76
ROIC Compounder HK$7.16 HK$9.04 HK$11.41 72
Growth Earnings
Growth-Adj P/E HK$6.79 HK$9.70 HK$12.61 68

Widest divergence: DCF Models (HK$11.30) versus Dividend Discount (HK$2.45). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$7.7B
Revenue growth (YoY) +17.7%
Net margin 17.4%
Return on equity 16.2%
Free cash flow HK$1.2B FY2025
P/E ratio 17.4 as of Jul 2, 2026
More key figures
Operating margin 17.0%
EPS (TTM) HK$0.2500
Dividend yield 1.8%
EPS growth (YoY) +170%
Net cash HK$2.4B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 72 · Market factors (momentum, volatility) 50

Profitability 60
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 96
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

Simcere Pharmaceutical Group Limited, an investment holding company, engages in the research, development, manufacture, and sale of pharmaceutical products to distributors, pharmacy chains, and other pharmaceutical manufacturers in China.

Full company description

Simcere Pharmaceutical Group Limited, an investment holding company, engages in the research, development, manufacture, and sale of pharmaceutical products to distributors, pharmacy chains, and other pharmaceutical manufacturers in China. It develops Endostar, a recombinant human endostatin injection; ENWEIDA, an envafolimab injection; Leruiping, a fully human monoclonal antibody targeting IL-4Ra; Zemprocitinib a highly selective JAK1 inhibitor; and Xianlinda, an inhibitor for influenza polymerase acidic protein that has completed Phase 3 clinical trials. The company also develops SIM0270, a new-generation oral SERD with blood-brain barrier penetration characteristics; Denlorlatinib; SIM0395, a BBB-penetrant inhibitor of the PI3K/mTOR pathway; and deuterated remdesivir hydrobromide dry suspension that are in Phase 3 clinical trial, as well as Sanbexin an injection new indication; Sanbexin a sublingual tablets; and SIM0278, a Fc fusion protein (IL2muFc) with an IL2 mutein of regulatory T cells that is in Phase 2 clinical trials. It develops SIM0237, an anti-PD-L1 monoclonal antibody fused with IL-15/IL15RXa sushi protein; Enzeshu, a suvemcitug for injection; SIM0500, a humanized trispecific antibody that targets GPRC5D/BCMA/CD3; SIM0508, a small molecule inhibitor; SIM0505, a CDH6-targeting ADC molecule; SIM0686, an ADC drug targeting FGFR2b; SIM0609, a new antibody-drug conjugate targeting CDH17; SIM0610, a bispecific antibody-drug conjugate; SIM0532, an oral, non-covalent pan-RAS inhibitor; SIM0323; and SIM0811, a small-molecule plasminogen allosteric activator that are in Phase 1 clinical trial. The company develops SIM0613; SIM0709; SIM0689; SIM0688; SIM0518; SIM0616; SIM0611; SIM0815; SIM0712; SIM0725; SIM0708; SIM0721; and SIM0722 that are in pre-clinical stage. It offers pharmaceutical ingredients; production support facility; consulting and technology; promotion; and property management. The company was founded in 1995 and is headquartered in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Simcere Pharmaceutical Group Ltd reported revenue of HK$7.7B in FY2025 versus HK$5.0B in FY2021, a compound +11.5%/yr. Reported net income was HK$1.3B in FY2025, compounding −2.8%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$7.7B
Latest YoY
+16.5%
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.
+7.0%
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.
+11.4%
Avg. growth/yr (13Y) 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.
+10.6%
Revenue +11.5%/yr
FY21 HK$5.0B
FY22 HK$6.3B
FY23 HK$6.6B
FY24 HK$6.6B
FY25 HK$7.7B
Net income −2.8%/yr
FY21 HK$1.5B
FY22 HK$931M
FY23 HK$715M
FY24 HK$733M
FY25 HK$1.3B

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Cite: Fair Value Calculator (2026). "Simcere Pharmaceutical Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2096

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Drug Manufacturers - Specialty & Generic · 622 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 72 · Top 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 17% · Above median
Revenue growth 18% · Top 25%
Dividend yield (TTM) 1.8% · Above median
Debt / equity 0.00× · Lower than 75% of peers

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

P/E (TTM) 17.4× · Cheaper than median
P/B 2.94× · Pricier than median
P/S (TTM) 3.58× · Pricier than median
P/FCF 3.1× · Pricier than median
EV/EBITDA 14.1× · 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 42 · sector 7
FUTURE 89 · sector 21
PAST 65 · sector 25
HEALTH 100 · sector 97
DIVIDEND 37 · sector 32

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 -52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,944 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹8,500 ₹1,932 -77%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,915 ₹1,163 -76%
PharmaEssentia Corporation 6446 1,440 TWD 233.93 TWD -84%
Cipla Limited CIPLA ₹1,463 ₹1,001 -32%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,167 ₹703.32 -40%
Lupin Limited LUPIN ₹2,281 ₹2,477 +9%
Mankind Pharma Limited MANKIND ₹2,433 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,200 ₹874.79 -27%

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Frequently asked questions

Is Simcere Pharmaceutical Group Ltd (2096) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$12.89 versus a price of HK$12.14, about +6% (fairly valued).
What is the fair value of 2096?
Our model-based fair value for Simcere Pharmaceutical Group Ltd is HK$12.89 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$12.14.
What is the quality score of 2096?
Simcere Pharmaceutical Group Ltd has a Quality Score of 72/100. 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 Simcere Pharmaceutical Group Ltd (2096)?
Simcere Pharmaceutical Group Ltd reported trailing-twelve-month revenue of about HK$7.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2096?
The net profit margin of Simcere Pharmaceutical Group Ltd is about 17.4%, meaning it keeps roughly 17.4% of revenue as net income. Based on the latest reported figures.
Does Simcere Pharmaceutical Group Ltd pay a dividend?
Simcere Pharmaceutical Group Ltd currently shows a dividend yield of about 1.83% relative to its recent price (as of Aug 13, 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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