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Yantai Zhenghai Biotechnology Co (300653) Fair Value & Analysis

Healthcare · CN · Market cap 2.6B CNY

YZ Yantai Zhenghai Biotechnology Co 300653 · SHE
Price¥15.35
Fair Value¥7.79
Upside-49.3%
Quality64/100
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Healthy Growth
Highly profitable · 20.3% net margin
generates free cash flow
1.89% dividend yield
Mixed vs. peers (7/13)
Moderate moat 60/100
Evidence: High Range ¥6.00 – ¥9.73 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 ¥8.30 to ¥7.79 (−6.1%) since Jun 24, 2026. Share price +6.0% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.73). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥51.21 ¥13.54 Fair Value ¥7.79 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 ¥13.54 – ¥51.21 · fair‑value band ¥6.00 – ¥9.73 · the ¥15.35 price screens above the ¥7.79 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Yantai Zhenghai Biotechnology Co (300653) currently trades at ¥15.35, while our model-based Fair Value estimate is ¥7.79, implying the stock looks roughly 49.3% overvalued today. The Quality Score stands at 64/100 (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, Yantai Zhenghai Biotechnology Co generated revenue of 348M CNY at a net margin of 20.3%. Revenue declined 16.8% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 117M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥6.00 (bear case) to ¥9.73 (bull case); at ¥15.35, 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 share trades about 35% below its 52-week high and 7% 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 -49%, 300653 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
Residual Income ¥4.24 ¥4.62 ¥5.69 76
Growth DCF ¥5.97 ¥9.35 ¥14.53 72
Gordon GGM ¥3.99 ¥7.94 ¥12.03 70
All 26 models by family
DCF Models
FCF DCF ¥5.95 ¥9.52 ¥15.09 38
Owner Earnings ¥6.46 ¥10.35 ¥16.43 31
5Y Revenue Exit ¥4.71 ¥7.31 ¥10.69 39
5Y EBITDA Exit ¥5.67 ¥9.21 ¥13.46 41
5Y P/E Exit ¥6.74 ¥11.31 ¥16.30 38
10Y Revenue Exit ¥4.98 ¥7.51 ¥11.03 36
10Y EBITDA Exit ¥5.72 ¥8.83 ¥13.19 37
10Y P/E Exit ¥6.40 ¥10.28 ¥15.40 35
Earnings-Based
Graham-Dodd ¥3.11 ¥11.96 ¥16.21 54
Lynch FV ¥2.92 ¥4.17 ¥5.42 50
PEG = 1.0 ¥2.92 ¥4.17 ¥5.42 46
EPV ¥3.27 ¥3.73 ¥4.13 59
Dividend Discount
Gordon GGM ¥3.99 ¥7.94 ¥12.03 70
DDM Multi-Stage ¥3.99 ¥6.87 ¥8.39 61
Multiples
P/E Multiple ¥7.55 ¥10.07 ¥12.59 63
P/S Multiple ¥5.31 ¥7.08 ¥8.85 58
P/B Multiple ¥5.84 ¥7.78 ¥9.73 55
EV/EBIT ¥5.70 ¥7.48 ¥9.27 53
EV/EBITDA ¥6.08 ¥8.00 ¥9.91 54
EV/Revenue ¥4.17 ¥5.80 ¥7.44 43
Asset-Based
NCAV (Graham) ¥2.47 ¥3.31 ¥4.94 50
Growth DCF
Growth DCF ¥5.97 ¥9.35 ¥14.53 72
Rev-Margin DCF ¥4.71 ¥7.32 ¥10.51 67
Economic Profit
Residual Income ¥4.24 ¥4.62 ¥5.69 76
ROIC Compounder ¥3.27 ¥3.73 ¥4.13 67
Growth Earnings
Growth-Adj P/E ¥5.44 ¥7.77 ¥10.10 68

Widest divergence: DCF Models (¥9.21) versus Asset-Based (¥3.31). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 348M CNY
Revenue growth (YoY) -16.8%
Net margin 20.3%
Return on equity 7.8%
Free cash flow 88.1M CNY FY2025
P/E ratio 37.3
More key figures
Operating margin 17.2%
EPS (TTM) ¥0.3900
Dividend yield 1.9%
EPS growth (YoY) -46.7%
Net cash 117M CNY FY2024

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 31

Profitability 53
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 40
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

Yantai Zhenghai Biotechnology Co., Ltd. engages in the research and development, production, and sales of bioregenerative medical materials in China.

Full company description

Yantai Zhenghai Biotechnology Co., Ltd. engages in the research and development, production, and sales of bioregenerative medical materials in China. The company offers oral restoration membranes, absorbable dura mater patches, active biological bones, skin repair membranes, bone repair materials, surgical packing sponges, phosphoric acid etching agent, dental pit and fissure sealant, active biological bone, light-curing composite resin, non-absorbable surgical sutures, and self-etching adhesives. Its products are used in various fields, such as dentistry, orthopedics, neurosurgery, and trauma surgery. Yantai Zhenghai Biotechnology Co., Ltd. was founded in 2003 and is headquartered in Yantai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Yantai Zhenghai Biotechnology Co reported revenue of ¥364M in FY2025 versus ¥400M in FY2021, a compound −2.3%/yr. Reported net income was ¥82.4M in FY2025, compounding −16.4%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
364M CNY
Latest YoY
+0.3%
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.
−5.6%
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.
+4.4%
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.
+15.0%
Revenue −2.3%/yr
FY21 ¥400M
FY22 ¥433M
FY23 ¥414M
FY24 ¥363M
FY25 ¥364M
Net income −16.4%/yr
FY21 ¥169M
FY22 ¥185M
FY23 ¥191M
FY24 ¥135M
FY25 ¥82.4M
Character of growth · EPS growth decomposed (2013-2024) +10.8 % p.a.
Revenue per share +6.5 pp

of which total revenue +16.3 pp · buybacks/dilution −9.8 pp

EBIT margin +5.9 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −2.0 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).

300653 screens 49% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Yantai Zhenghai Biotechnology Co Fair Value". https://www.fairvalue-calculator.com/stock/300653

Peer Group

Biotechnology · 601 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 64 · Top 25%
Fair Value upside −49% · Below median
Return on equity (TTM) 8% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 1.9% · Above median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 37.3× · Pricier than median
P/B 2.95× · Pricier than median
P/S (TTM) 7.54× · Pricier than median
P/FCF 4.4× · Cheaper than median
EV/EBITDA 31.7× · Pricier than 75% of peers

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 0 · sector 0
PAST 31 · sector 0
HEALTH 0 · sector 98
DIVIDEND 38 · sector 23

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 9, 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%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
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%

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Frequently asked questions

Is Yantai Zhenghai Biotechnology Co (300653) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥7.79 versus a price of ¥15.35, about −49% (overvalued).
What is the fair value of 300653?
Our model-based fair value for Yantai Zhenghai Biotechnology Co is ¥7.79 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥15.35.
What is the quality score of 300653?
Yantai Zhenghai Biotechnology Co has a Quality Score of 64/100. 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 Yantai Zhenghai Biotechnology Co (300653)?
Yantai Zhenghai Biotechnology Co reported trailing-twelve-month revenue of about 348M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300653?
The net profit margin of Yantai Zhenghai Biotechnology Co is about 20.3%, meaning it keeps roughly 20.3% of revenue as net income. Based on the latest reported figures.
Does Yantai Zhenghai Biotechnology Co pay a dividend?
Yantai Zhenghai Biotechnology Co currently shows a dividend yield of about 1.89% 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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