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Anhui Sunhere Pharmaceutical Excipients Co (300452) Fair Value & Analysis

Healthcare · CN · Market cap 2.8B CNY

AS Anhui Sunhere Pharmaceutical Excipients Co 300452 · SHE
Price¥12.78
Fair Value¥14.00
Upside+9.6%
Quality65/100
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Healthy Growth
Solidly profitable · 18.5% net margin
Low debt · generates free cash flow
2.48% dividend yield
Ranks above peers (10/14)
Moderate moat 63/100
Evidence: Medium Range ¥9.77 – ¥20.44 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥14.71 to ¥14.00 (−4.8%) since Jun 24, 2026. Share price +6.3% 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 (¥9.77 to ¥20.44) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥18.36 ¥9.21 Fair Value ¥14.00 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥9.21 – ¥18.36 · fair‑value band ¥9.77 – ¥20.44 · the ¥12.78 price screens below the ¥14.00 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Anhui Sunhere Pharmaceutical Excipients Co (300452) currently trades at ¥12.78, while our model-based Fair Value estimate is ¥14.00, implying the stock looks roughly 9.6% fairly valued today. The Quality Score stands at 65/100 (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, Anhui Sunhere Pharmaceutical Excipients Co generated revenue of 956M CNY at a net margin of 18.5%. Revenue grew 5.5% year over year. It earns a return on equity of 16.2%. Net debt stands at 15.3M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥9.77 (bear case) to ¥20.44 (bull case); at ¥12.78, 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 24% 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 -49% fair-value upside, at 10%, 300452 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 ¥8.01 ¥14.15 ¥24.31 80
Residual Income ¥4.75 ¥6.14 ¥17.59 76
Rev-Margin DCF ¥7.69 ¥13.71 ¥21.73 74
All 26 models by family
DCF Models
FCF DCF ¥8.16 ¥15.11 ¥27.21 38
Owner Earnings ¥10.21 ¥18.92 ¥34.05 31
5Y Revenue Exit ¥7.69 ¥13.90 ¥22.50 39
5Y EBITDA Exit ¥9.57 ¥17.91 ¥28.62 41
5Y P/E Exit ¥10.42 ¥19.70 ¥30.61 38
10Y Revenue Exit ¥7.51 ¥13.47 ¥22.93 36
10Y EBITDA Exit ¥9.01 ¥16.38 ¥28.07 37
10Y P/E Exit ¥9.56 ¥17.69 ¥29.75 35
Earnings-Based
Graham-Dodd ¥5.12 ¥26.11 ¥36.07 54
Lynch FV ¥7.11 ¥10.15 ¥13.20 50
PEG = 1.0 ¥7.11 ¥10.15 ¥13.20 46
EPV ¥6.63 ¥7.69 ¥8.60 59
Dividend Discount
Gordon GGM ¥2.68 ¥5.33 ¥8.07 70
DDM Multi-Stage ¥2.68 ¥4.61 ¥5.63 61
Multiples
P/E Multiple ¥12.42 ¥16.57 ¥20.71 63
P/S Multiple ¥9.60 ¥12.80 ¥16.00 58
P/B Multiple ¥9.60 ¥12.80 ¥16.00 55
EV/EBIT ¥10.51 ¥14.03 ¥17.54 53
EV/EBITDA ¥11.04 ¥14.73 ¥18.43 54
EV/Revenue ¥7.49 ¥10.72 ¥13.94 43
Asset-Based
NCAV (Graham) ¥2.15 ¥2.88 ¥4.29 50
Growth DCF
Growth DCF ¥8.01 ¥14.15 ¥24.31 80
Rev-Margin DCF ¥7.69 ¥13.71 ¥21.73 74
Economic Profit
Residual Income ¥4.75 ¥6.14 ¥17.59 76
ROIC Compounder ¥7.53 ¥10.25 ¥13.89 72
Growth Earnings
Growth-Adj P/E ¥11.01 ¥15.72 ¥20.44 68

Widest divergence: DCF Models (¥16.38) versus Asset-Based (¥2.88). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 956M CNY
Revenue growth (YoY) +5.5%
Net margin 18.5%
Return on equity 16.2%
Free cash flow 151M CNY FY2025
P/E ratio 16.4
More key figures
Operating margin 21.9%
EPS (TTM) ¥0.7300
Dividend yield 2.5%
Net debt 15.3M CNY FY2025

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 65 · Market factors (momentum, volatility) 41

Profitability 55
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 80
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

Anhui Sunhere Pharmaceutical Excipients Co.,Ltd. research and development, production, and sale of new pharmaceutical excipients in China. The company provides cellulose, starch, povidone, stearic acid, coating powder, resin, food additive, and other products. It also exports its products. Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.

Full company description

Anhui Sunhere Pharmaceutical Excipients Co.,Ltd. research and development, production, and sale of new pharmaceutical excipients in China. The company provides cellulose, starch, povidone, stearic acid, coating powder, resin, food additive, and other products. It also exports its products. Anhui Sunhere Pharmaceutical Excipients Co.,Ltd. was founded in 2001 and is based in Huainan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anhui Sunhere Pharmaceutical Excipients Co reported revenue of ¥943M in FY2025 versus ¥617M in FY2021, a compound +11.2%/yr. Reported net income was ¥177M in FY2025, compounding +18.6%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
943M CNY
Latest YoY
+6.8%
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.
+10.2%
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.
+12.2%
Avg. growth/yr (14Y) 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.
+14.4%
Revenue +11.2%/yr
FY21 ¥617M
FY22 ¥705M
FY23 ¥839M
FY24 ¥883M
FY25 ¥943M
Net income +18.6%/yr
FY21 ¥89.3M
FY22 ¥131M
FY23 ¥162M
FY24 ¥119M
FY25 ¥177M
Character of growth · EPS growth decomposed (2013-2024) +12.7 % p.a.
Revenue per share +12.0 pp

of which total revenue +14.6 pp · buybacks/dilution −2.6 pp

EBIT margin +1.2 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −1.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Anhui Sunhere Pharmaceutical Excipients Co Fair Value". https://www.fairvalue-calculator.com/stock/300452

Peer Group

Drug Manufacturers - Specialty & Generic · 624 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 65 · Top 25%
Fair Value upside +10% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 2.5% · Above median
Debt / equity 0.31× · Higher than 75% of peers

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

P/E (TTM) 16.4× · Cheaper than median
P/B 2.79× · Pricier than median
P/S (TTM) 2.94× · Pricier than median
P/FCF 2.8× · Pricier than median
EV/EBITDA 11.2× · 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 46 · sector 7
FUTURE 28 · sector 20
PAST 65 · sector 24
HEALTH 85 · sector 97
DIVIDEND 50 · sector 34

Insider activity: 45/100

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is Anhui Sunhere Pharmaceutical Excipients Co (300452) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥14.00 versus a price of ¥12.78, about +10% (fairly valued).
What is the fair value of 300452?
Our model-based fair value for Anhui Sunhere Pharmaceutical Excipients Co is ¥14.00 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥12.78.
What is the quality score of 300452?
Anhui Sunhere Pharmaceutical Excipients Co has a Quality Score of 65/100. 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 Anhui Sunhere Pharmaceutical Excipients Co (300452)?
Anhui Sunhere Pharmaceutical Excipients Co reported trailing-twelve-month revenue of about 956M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300452?
The net profit margin of Anhui Sunhere Pharmaceutical Excipients Co is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Anhui Sunhere Pharmaceutical Excipients Co pay a dividend?
Anhui Sunhere Pharmaceutical Excipients Co currently shows a dividend yield of about 2.48% relative to its recent price (as of Jul 9, 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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