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WuXi Biologics (Cayman) Inc (2269) Fair Value & Analysis

Healthcare · HK · Market cap HK$165B

WB WuXi Biologics (Cayman) Inc 2269 · HK
PriceHK$41.38
Fair ValueHK$30.42
Upside-26.5%
Quality70/100
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Healthy Growth
Highly profitable · 22.5% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 71/100
Evidence: Medium Range HK$22.82 – HK$38.03 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$26.11 to HK$30.42 (+16.5%) since Jul 7, 2026. Share price +12.5% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$38.03). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

HK$145.60 HK$10.26 Fair Value HK$30.42 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$10.26 – HK$145.60 · fair‑value band HK$22.82 – HK$38.03 · the HK$41.38 price screens above the HK$30.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

WuXi Biologics (Cayman) Inc (2269) currently trades at HK$41.38, while our model-based Fair Value estimate is HK$30.42, implying the stock looks roughly 26.5% overvalued today. We read business quality at 70/100 (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, WuXi Biologics (Cayman) Inc generated revenue of HK$21.8B at a net margin of 22.5%. Revenue grew 17.2% year over year. It earns a return on equity of 11.6%. The balance sheet holds a net cash position of HK$6.1B. Fundamentals as of Jul 16, 2026

Our scenario range runs from HK$22.82 (bear case) to HK$38.03 (bull case); at HK$41.38, 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 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 6% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -57% fair-value upside, at -26%, 2269 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$12.99 HK$23.62 HK$41.03 80
Residual Income HK$10.17 HK$11.45 HK$23.08 76
Rev-Margin DCF HK$14.00 HK$23.81 HK$44.31 74
All 26 models by family
DCF Models
FCF DCF HK$13.68 HK$20.26 HK$41.21 38
Owner Earnings HK$13.73 HK$28.43 HK$59.29 31
5Y Revenue Exit HK$12.86 HK$21.10 HK$38.38 39
5Y EBITDA Exit HK$20.29 HK$36.13 HK$67.26 41
5Y P/E Exit HK$18.89 HK$41.30 HK$72.15 38
10Y Revenue Exit HK$12.87 HK$26.67 HK$35.78 36
10Y EBITDA Exit HK$18.72 HK$42.68 HK$85.64 37
10Y P/E Exit HK$17.69 HK$39.65 HK$76.48 35
Earnings-Based
Graham-Dodd HK$8.13 HK$56.69 HK$79.55 54
Lynch FV HK$29.29 HK$41.84 HK$54.39 50
PEG = 1.0 HK$29.29 HK$41.84 HK$54.39 46
EPV HK$14.07 HK$16.05 HK$17.78 59
Dividend Discount
Gordon GGM HK$0.0400 HK$0.0800 HK$0.1300 70
DDM Multi-Stage HK$0.0400 HK$0.0700 HK$0.0900 61
Multiples
P/E Multiple HK$17.93 HK$23.91 HK$29.88 63
P/S Multiple HK$9.95 HK$13.27 HK$16.58 58
P/B Multiple HK$15.24 HK$20.32 HK$25.40 55
EV/EBIT HK$24.03 HK$31.31 HK$38.59 53
EV/EBITDA HK$22.00 HK$28.59 HK$35.19 54
EV/Revenue HK$11.49 HK$15.47 HK$19.45 43
Asset-Based
NCAV (Graham) HK$5.76 HK$7.71 HK$11.51 50
Growth DCF
Growth DCF HK$12.99 HK$23.62 HK$41.03 80
Rev-Margin DCF HK$14.00 HK$23.81 HK$44.31 74
Economic Profit
Residual Income HK$10.17 HK$11.45 HK$23.08 76
ROIC Compounder HK$17.16 HK$23.40 HK$29.06 72
Growth Earnings
Growth-Adj P/E HK$37.74 HK$53.91 HK$70.08 68

Widest divergence: Growth Earnings (HK$53.91) versus Dividend Discount (HK$0.0700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$21.8B
Revenue growth (YoY) +17.2%
Net margin 22.5%
Return on equity 11.6%
Free cash flow HK$2.8B FY2025
P/E ratio 30.0
More key figures
Operating margin 33.1%
EPS (TTM) HK$0.5500
EPS growth (YoY) +39.4%
Net cash HK$6.1B FY2025

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 67 · Market factors (momentum, volatility) 67

Profitability 47
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 95
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

WuXi Biologics (Cayman) Inc., an investment holding company, provides end-to-end solutions and services for biologics discovery, development, and manufacturing for biologics industry in the People's Republic of China, North America, Europe, Singapore, Japan, South Korea, Australia, and Brazil. It operates through two segments: Biologics and XDC.

Full company description

WuXi Biologics (Cayman) Inc., an investment holding company, provides end-to-end solutions and services for biologics discovery, development, and manufacturing for biologics industry in the People's Republic of China, North America, Europe, Singapore, Japan, South Korea, Australia, and Brazil. It operates through two segments: Biologics and XDC. The company provides a suite of solutions for biologic discovery, from concept to IND, that seamlessly transits to CMC and downstream process development through its contract research, development, and manufacturing organization platforms, including WuXiBody, SDArBodY, T cell engager, Tumor Associated Antigens ("TAA") mAb Technology, Single B Cell Cloning Technology, WuXia, WuXiUP, WuXiUI, and WuXiHigh. It engages in the provision of consultation services in relation to the biopharmaceutical technology, international sales contracting services, testing and development of testing technologies, sales and marketing services, production and sales of medicals, and biologics clinical and manufacturing services; research and development in relation to biologics; international sales contracting service; vaccine contract development and manufacturing organization (CDMO) and related business; development, production, and distribution of biotechnological products; and engages in investment and material supplier activities. WuXi Biologics (Cayman) Inc. was incorporated in 2014 and is headquartered in Wuxi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WuXi Biologics (Cayman) Inc reported revenue of HK$21.8B in FY2025 versus HK$10.3B in FY2021, a compound +20.6%/yr. Reported net income was HK$4.9B in FY2025, compounding +9.7%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$21.8B
Latest YoY
+16.7%
Avg. growth/yr (3Y)
+12.6%
Avg. growth/yr (5Y)
+31.2%
Avg. growth/yr (11Y)
+46.3%
Revenue +20.6%/yr
FY21 HK$10.3B
FY22 HK$15.3B
FY23 HK$17.0B
FY24 HK$18.7B
FY25 HK$21.8B
Net income +9.7%/yr
FY21 HK$3.4B
FY22 HK$4.4B
FY23 HK$3.4B
FY24 HK$3.4B
FY25 HK$4.9B

2269 screens 26% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "WuXi Biologics (Cayman) Inc Fair Value". https://www.fairvalue-calculator.com/stock/2269

Recent news

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

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 70 · Top 25%
Fair Value upside −27% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 23% · Top 25%
Operating margin (TTM) 33% · Top 25%
Revenue growth 17% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 30.0× · Pricier than median
P/B 3.50× · Pricier than 75% of peers
P/S (TTM) 7.58× · Pricier than median
P/FCF 7.5× · Pricier than median
EV/EBITDA 19.7× · Pricier than median
PEG 1.07× · Cheaper 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 0
FUTURE 86 · sector 0
PAST 47 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 22

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 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%
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%
Anthem Biosciences Limited ANTHEM ₹777.00 ₹196.91 -75%

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Frequently asked questions

Is WuXi Biologics (Cayman) Inc (2269) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of HK$30.42 versus a price of HK$41.38, about −26% (overvalued).
What is the fair value of 2269?
Our model-based fair value for WuXi Biologics (Cayman) Inc is HK$30.42 (as of Jul 16, 2026), built from audited fundamentals. The current price is HK$41.38.
What is the quality score of 2269?
WuXi Biologics (Cayman) Inc has a Quality Score of 70/100. 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 WuXi Biologics (Cayman) Inc (2269)?
WuXi Biologics (Cayman) Inc reported trailing-twelve-month revenue of about HK$21.8B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 2269?
The net profit margin of WuXi Biologics (Cayman) Inc is about 22.5%, meaning it keeps roughly 22.5% 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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