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Shenyang Xingqi Pharmaceutical Co (300573) Fair Value & Analysis

Healthcare · CN · Market cap 13.2B CNY

SX Shenyang Xingqi Pharmaceutical Co 300573 · SHE
Price¥42.61
Fair Value¥32.24
Upside-24.3%
Quality69/100
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Healthy Growth
Highly profitable · 28.9% net margin
Low debt · generates free cash flow
3.10% dividend yield
Ranks above peers (12/14)
Wide moat 90/100
Evidence: High Range ¥24.28 – ¥69.96 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price +3.9% over the past month.

A solid business, but screening 24% overvalued on our models.

What matters now

  • The model range is unusually wide (¥24.28 to ¥69.96). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥96.41 ¥18.14 Fair Value ¥32.24 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 ¥18.14 – ¥96.41 · fair‑value band ¥24.28 – ¥69.96 · the ¥42.61 price screens above the ¥32.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shenyang Xingqi Pharmaceutical Co (300573) currently trades at ¥42.61, while our model-based Fair Value estimate is ¥32.24, implying the stock looks roughly 24.3% overvalued today. The Quality Score stands at 69/100 (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: high).

Over the trailing twelve months, Shenyang Xingqi Pharmaceutical Co generated revenue of 2.6B CNY at a net margin of 28.9%. Revenue grew 27.5% year over year. It earns a return on equity of 38.5%. The balance sheet holds a net cash position of 161M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥24.28 (bear case) to ¥69.96 (bull case); at ¥42.61, 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 26% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -24%, 300573 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 ¥22.44 ¥40.84 ¥78.03 80
Residual Income ¥14.53 ¥20.82 ¥207.22 76
Rev-Margin DCF ¥18.99 ¥36.64 ¥69.05 74
All 24 models by family
DCF Models
FCF DCF ¥23.79 ¥36.83 ¥78.37 38
Owner Earnings ¥24.68 ¥54.83 ¥118.13 31
5Y Revenue Exit ¥18.99 ¥32.16 ¥59.64 39
5Y EBITDA Exit ¥28.43 ¥51.30 ¥96.09 41
5Y P/E Exit ¥31.46 ¥71.52 ¥126.45 38
10Y Revenue Exit ¥20.02 ¥42.52 ¥57.23 36
10Y EBITDA Exit ¥27.56 ¥62.74 ¥126.07 37
10Y P/E Exit ¥29.77 ¥69.23 ¥136.36 35
Earnings-Based
Graham-Dodd ¥13.24 ¥92.35 ¥129.60 54
Lynch FV ¥33.81 ¥48.30 ¥62.78 50
PEG = 1.0 ¥33.81 ¥48.30 ¥62.78 46
EPV ¥21.29 ¥24.66 ¥27.61 59
Multiples
P/E Multiple ¥32.13 ¥42.84 ¥53.55 63
P/S Multiple ¥18.17 ¥24.22 ¥30.28 58
P/B Multiple ¥18.68 ¥24.91 ¥31.14 55
EV/EBIT ¥31.15 ¥41.19 ¥51.22 53
EV/EBITDA ¥29.15 ¥38.52 ¥47.89 54
EV/Revenue ¥15.58 ¥21.81 ¥28.04 43
Asset-Based
NCAV (Graham) ¥2.77 ¥3.71 ¥5.54 50
Growth DCF
Growth DCF ¥22.44 ¥40.84 ¥78.03 80
Rev-Margin DCF ¥18.99 ¥36.64 ¥69.05 74
Economic Profit
Residual Income ¥14.53 ¥20.82 ¥207.22 76
ROIC Compounder ¥25.62 ¥35.32 ¥48.17 72
Growth Earnings
Growth-Adj P/E ¥44.32 ¥63.31 ¥82.30 68

Widest divergence: Growth Earnings (¥63.31) versus Asset-Based (¥3.71). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.6B CNY
Revenue growth (YoY) +27.5%
Net margin 28.9%
Return on equity 38.5%
Free cash flow 483M CNY FY2025
P/E ratio 17.4
More key figures
Operating margin 33.6%
EPS (TTM) ¥2.12
Dividend yield 3.1%
EPS growth (YoY) +42.4%
Net cash 161M CNY FY2024

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 49

Profitability 94
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 0
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

Shenyang Xingqi Pharmaceutical Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of ophthalmic drugs in the People's Republic of China.

Full company description

Shenyang Xingqi Pharmaceutical Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of ophthalmic drugs in the People's Republic of China. The company offers myopia prevention and control medications, nutrition and corneal repair drugs, ophthalmic anti-inflammatory and anti-infective drugs, artificial tears and eye lubricants, ophthalmic non-steroidal anti-inflammatory drugs, intraocular rinsing fluids, pupil dilatant and ciliary muscle paralyzers, anti-fatigue medicines, dry eye treatment medicines, mydriatics and cycloplegia drugs, miotics and anti-glaucoma drugs, and intraoperative intraocular irrigation fluids. It also engages in technology development, technical advice, eye hospital, and research and experimental development activities. Shenyang Xingqi Pharmaceutical Co.,Ltd. was founded in 1977 and is based in Shenyang, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenyang Xingqi Pharmaceutical Co reported revenue of ¥2.5B in FY2025 versus ¥1.0B in FY2021, a compound +24.5%/yr. Reported net income was ¥696M in FY2025, compounding +37.5%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.5B CNY
Latest YoY
+27.2%
Avg. growth/yr (3Y)
+25.5%
Avg. growth/yr (5Y)
+29.1%
Avg. growth/yr (14Y)
+20.1%
Revenue +24.5%/yr
FY21 ¥1.0B
FY22 ¥1.2B
FY23 ¥1.5B
FY24 ¥1.9B
FY25 ¥2.5B
Net income +37.5%/yr
FY21 ¥195M
FY22 ¥212M
FY23 ¥240M
FY24 ¥338M
FY25 ¥696M

300573 screens 24% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Shenyang Xingqi Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/300573

Peer Group

Medical Instruments & Supplies · 203 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 69 · Top 25%
Fair Value upside −24% · Above median
Return on equity (TTM) 39% · Top 25%
Return on assets 21% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth 28% · Top 25%
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than median
P/B 6.66× · Pricier than 75% of peers
P/S (TTM) 5.03× · Pricier than 75% of peers
P/FCF 4.0× · Cheaper than median
EV/EBITDA 13.4× · 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 1 · sector 0
FUTURE 100 · sector 27
PAST 100 · sector 25
HEALTH 100 · sector 96
DIVIDEND 62 · 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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Shenyang Xingqi Pharmaceutical Co (300573) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥32.24 versus a price of ¥42.61, about −24% (overvalued).
What is the fair value of 300573?
Our model-based fair value for Shenyang Xingqi Pharmaceutical Co is ¥32.24 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥42.61.
What is the quality score of 300573?
Shenyang Xingqi Pharmaceutical Co has a Quality Score of 69/100. 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 Shenyang Xingqi Pharmaceutical Co (300573)?
Shenyang Xingqi Pharmaceutical Co reported trailing-twelve-month revenue of about 2.6B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300573?
The net profit margin of Shenyang Xingqi Pharmaceutical Co is about 28.9%, meaning it keeps roughly 28.9% of revenue as net income. Based on the latest reported figures.
Does Shenyang Xingqi Pharmaceutical Co pay a dividend?
Shenyang Xingqi Pharmaceutical Co currently shows a dividend yield of about 3.10% 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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