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Zhejiang Tianyu Pharmaceutical Co (300702) Fair Value & Analysis

Healthcare · CN · Market cap 6.7B CNY

ZT Zhejiang Tianyu Pharmaceutical Co 300702 · SHE
Price¥21.84
Fair Value¥8.83
Upside-59.6%
Quality58/100
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Healthy Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
0.26% dividend yield
Trails peers (4/14)
Narrow moat 30/100
Evidence: High Range ¥6.58 – ¥11.04 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Share price +5.2% over the past month.

A solid business, but screening 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.04). The favourable scenario is already priced in.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥57.74 ¥13.68 Fair Value ¥8.83 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 ¥13.68 – ¥57.74 · fair‑value band ¥6.58 – ¥11.04 · the ¥21.84 price screens above the ¥8.83 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

Zhejiang Tianyu Pharmaceutical Co (300702) currently trades at ¥21.84, while our model-based Fair Value estimate is ¥8.83, implying the stock looks roughly 59.6% overvalued today. The Quality Score stands at 58/100 (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, Zhejiang Tianyu Pharmaceutical Co generated revenue of 3.1B CNY at a net margin of 3.1%. Revenue grew 6.9% year over year. It earns a return on equity of 2.6%. Net debt stands at 1.1B CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥6.58 (bear case) to ¥11.04 (bull case); at ¥21.84, 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 30% below its 52-week high and 21% 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 -60%, 300702 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥4.79 ¥7.25 ¥11.08 80
Residual Income ¥7.66 ¥7.54 ¥6.62 76
Rev-Margin DCF ¥7.32 ¥12.41 ¥18.72 74
All 26 models by family
DCF Models
FCF DCF ¥4.79 ¥7.42 ¥11.63 38
Owner Earnings ¥5.60 ¥8.79 ¥13.87 31
5Y Revenue Exit ¥7.32 ¥12.58 ¥19.68 39
5Y EBITDA Exit ¥14.15 ¥26.19 ¥41.15 41
5Y P/E Exit ¥6.18 ¥10.32 ¥14.93 38
10Y Revenue Exit ¥6.12 ¥10.71 ¥17.60 36
10Y EBITDA Exit ¥10.74 ¥20.27 ¥34.60 37
10Y P/E Exit ¥5.64 ¥9.12 ¥13.84 35
Earnings-Based
Graham-Dodd ¥2.73 ¥11.18 ¥15.23 54
Lynch FV ¥2.81 ¥4.01 ¥5.21 50
PEG = 1.0 ¥2.81 ¥4.01 ¥5.21 46
EPV ¥8.06 ¥9.19 ¥10.16 59
Dividend Discount
Gordon GGM ¥1.46 ¥2.92 ¥4.41 70
DDM Multi-Stage ¥1.46 ¥2.52 ¥3.08 61
Multiples
P/E Multiple ¥6.62 ¥8.83 ¥11.04 63
P/S Multiple ¥5.12 ¥6.83 ¥8.53 58
P/B Multiple ¥5.12 ¥6.83 ¥8.53 55
EV/EBIT ¥12.05 ¥15.77 ¥19.49 53
EV/EBITDA ¥20.89 ¥27.55 ¥34.21 54
EV/Revenue ¥8.86 ¥12.27 ¥15.68 43
Asset-Based
NCAV (Graham) ¥5.23 ¥7.01 ¥10.46 50
Growth DCF
Growth DCF ¥4.79 ¥7.25 ¥11.08 80
Rev-Margin DCF ¥7.32 ¥12.41 ¥18.72 74
Economic Profit
Residual Income ¥7.66 ¥7.54 ¥6.62 76
ROIC Compounder ¥8.06 ¥9.19 ¥10.16 72
Growth Earnings
Growth-Adj P/E ¥4.99 ¥7.13 ¥9.27 68

Widest divergence: DCF Models (¥10.32) versus Dividend Discount (¥2.52). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1B CNY
Revenue growth (YoY) +6.9%
Net margin 3.1%
Return on equity 2.6%
Free cash flow 116M CNY FY2025
P/E ratio 68.5
More key figures
Operating margin 10.4%
EPS (TTM) ¥0.2800
Dividend yield 0.3%
EPS growth (YoY) -51.1%
Net debt 1.1B CNY FY2025

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

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 39

Profitability 28
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 72
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 83
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

Zhejiang Tianyu Pharmaceutical Co., Ltd. engages in the research, development, manufacture, and sale of pharmaceutical intermediates and APIs in China and internationally. The company offers pharmaceutical intermediates and APIs of anti-hypertensive, anti-asthmatic, hypoglycemic, hypolipidemic, and anticoagulant series.

Full company description

Zhejiang Tianyu Pharmaceutical Co., Ltd. engages in the research, development, manufacture, and sale of pharmaceutical intermediates and APIs in China and internationally. The company offers pharmaceutical intermediates and APIs of anti-hypertensive, anti-asthmatic, hypoglycemic, hypolipidemic, and anticoagulant series. It provides fine chemicals and CDMO services. Zhejiang Tianyu Pharmaceutical Co., Ltd. was founded in 1993 and is based in Taizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Tianyu Pharmaceutical Co reported revenue of ¥3.1B in FY2025 versus ¥2.5B in FY2021, a compound +4.7%/yr. Reported net income was ¥140M in FY2025, compounding −9.1%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.1B CNY
Latest YoY
+16.4%
Avg. growth/yr (3Y)
+4.7%
Avg. growth/yr (5Y)
+3.4%
Avg. growth/yr (12Y)
+12.8%
Revenue +4.7%/yr
FY21 ¥2.5B
FY22 ¥2.7B
FY23 ¥2.5B
FY24 ¥2.6B
FY25 ¥3.1B
Net income −9.1%/yr
FY21 ¥205M
FY22 −¥119M
FY23 ¥27.4M
FY24 ¥55.9M
FY25 ¥140M

300702 screens 60% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Zhejiang Tianyu Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/300702

Peer Group

Drug Manufacturers - Specialty & Generic · 626 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 58 · Above median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 10% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.06× · Lower than median

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

P/E (TTM) 68.5× · Pricier than 75% of peers
P/B 1.83× · Pricier than median
P/S (TTM) 2.14× · Pricier than median
P/FCF 8.5× · Pricier than median
EV/EBITDA 12.1× · Pricier 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 7
FUTURE 35 · sector 20
PAST 11 · sector 23
HEALTH 97 · sector 97
DIVIDEND 5 · sector 34

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 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 Zhejiang Tianyu Pharmaceutical Co (300702) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥8.83 versus a price of ¥21.84, about −60% (overvalued).
What is the fair value of 300702?
Our model-based fair value for Zhejiang Tianyu Pharmaceutical Co is ¥8.83 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥21.84.
What is the quality score of 300702?
Zhejiang Tianyu Pharmaceutical Co has a Quality Score of 58/100. 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 Zhejiang Tianyu Pharmaceutical Co (300702)?
Zhejiang Tianyu Pharmaceutical Co reported trailing-twelve-month revenue of about 3.1B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300702?
The net profit margin of Zhejiang Tianyu Pharmaceutical Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Tianyu Pharmaceutical Co pay a dividend?
Zhejiang Tianyu Pharmaceutical Co currently shows a dividend yield of about 0.26% 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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