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Guangzhou Innogen Pharm Grp Co (2591) Fair Value & Analysis

Healthcare · HK · Market cap HK$3.6B

GI Guangzhou Innogen Pharm Grp Co 2591 · HK
PriceHK$6.61
Fair ValueHK$2.09
Upside-68.4%
Quality39/100
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Weak Growth
negative free cash flow
Mixed vs. peers (3/7)
Narrow moat 0/100
Evidence: Low Range HK$1.38 – HK$2.61 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Share price −23.3% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$2.61). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$1.38 to HK$2.61) leaves room in how you read the outcome.
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Price vs Fair Value (12 months)

HK$57.25 HK$6.61 Fair Value HK$2.09 Aug 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

12‑month range HK$6.61 – HK$57.25 · fair‑value band HK$1.38 – HK$2.61 · the HK$6.61 price screens above the HK$2.09 fair value. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Guangzhou Innogen Pharm Grp Co (2591) currently trades at HK$6.61, while our model-based Fair Value estimate is HK$2.09, implying the stock looks roughly 68.4% overvalued today. The Quality Score stands at 39/100 (below-average 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: low).

Trailing-twelve-month revenue stands at HK$132M. It earns a return on equity of -36.9%. The balance sheet holds a net cash position of HK$803M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.38 (bear case) to HK$2.61 (bull case); at HK$6.61, 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. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -68%, 2591 screens richer 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
NCAV (Graham) HK$1.25 HK$1.68 HK$2.51 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$1.25 HK$1.68 HK$2.51 50

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Key figures & financial health

Revenue (TTM) HK$132M
Net margin -260%
Return on equity -36.9%
Free cash flow −HK$318M FY2025
Operating margin -293%
EPS (TTM) HK$-0.2900
More key figures
Net cash HK$803M FY2025

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

Quality Score breakdown

Overall quality 39/100

Of which business quality 44 · Market factors (momentum, volatility) 0

Profitability 2
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 5
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 100
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

Guangzhou Innogen Pharmaceutical Group Co., Ltd engages in the development of drug engaged in the research, development and commercialization of pharmaceutical products. The company's products are used for the treatment of metabolic diseases, including diabetes, obesity and overweight, and MASH; and other major central nervous system diseases.

Full company description

Guangzhou Innogen Pharmaceutical Group Co., Ltd engages in the development of drug engaged in the research, development and commercialization of pharmaceutical products. The company's products are used for the treatment of metabolic diseases, including diabetes, obesity and overweight, and MASH; and other major central nervous system diseases. The company was incorporated in 2014 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Guangzhou Innogen Pharm Grp Co reported revenue of HK$128M in FY2025 versus HK$0 in FY2023. Reported net income was −HK$333M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Revenue
FY23 HK$0
FY24 HK$0
FY25 HK$128M
Net income
FY22 −HK$307M
FY23 −HK$733M
FY24 −HK$175M
FY25 −HK$333M

2591 screens 68% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Guangzhou Innogen Pharm Grp Co Fair Value". https://www.fairvalue-calculator.com/stock/2591

Peer Group

Biotechnology · 605 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 44 · Below median
Fair Value upside −68% · Below median
Return on assets -17% · Below median
Revenue growth 0% · Above median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 0.43× · Cheaper than 75% of peers
P/S (TTM) 3.45× · Cheaper than median

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 314,000 KRW 39,476 KRW -87%

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Frequently asked questions

Is Guangzhou Innogen Pharm Grp Co (2591) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$2.09 versus a price of HK$6.61, about −68% (overvalued).
What is the fair value of 2591?
Our model-based fair value for Guangzhou Innogen Pharm Grp Co is HK$2.09 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$6.61.
What is the quality score of 2591?
Guangzhou Innogen Pharm Grp Co has a Quality Score of 39/100. 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 Guangzhou Innogen Pharm Grp Co (2591)?
Guangzhou Innogen Pharm Grp Co reported trailing-twelve-month revenue of about HK$132M (latest available figure, 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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