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Pharmaron Beijing Co (300759) Fair Value & Analysis

Healthcare · CN · Market cap 40.4B CNY

PB Pharmaron Beijing Co 300759 · SHE
Price¥49.12
Fair Value¥24.23
Upside-50.7%
Quality55/100
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Expensive Growth
Solidly profitable · 11.6% net margin
Low debt · generates free cash flow
0.89% dividend yield
Ranks above peers (9/14)
Moderate moat 50/100
Evidence: High Range ¥12.60 – ¥30.63 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 2 days ago

Share price +44.7% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥30.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥12.60 to ¥30.63) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥100.21 ¥17.84 Fair Value ¥24.23 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥17.84 – ¥100.21 · fair‑value band ¥12.60 – ¥30.63 · the ¥49.12 price screens above the ¥24.23 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Pharmaron Beijing Co (300759) currently trades at ¥49.12, while our model-based Fair Value estimate is ¥24.23, implying the stock looks roughly 50.7% overvalued today. The Quality Score stands at 55/100 (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, Pharmaron Beijing Co generated revenue of 14.6B CNY at a net margin of 11.6%. Revenue grew 15.5% year over year. It earns a return on equity of 10.0%. Net debt stands at 2.0B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥12.60 (bear case) to ¥30.63 (bull case); at ¥49.12, 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 near its 52-week high and 134% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at -51%, 300759 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
Growth DCF ¥5.40 ¥10.49 ¥20.77 80
Residual Income ¥9.21 ¥10.56 ¥19.91 76
Rev-Margin DCF ¥12.41 ¥27.42 ¥55.79 74
All 24 models by family
DCF Models
FCF DCF ¥5.78 ¥9.38 ¥20.87 38
Owner Earnings ¥1.36 ¥3.74 ¥8.74 31
5Y Revenue Exit ¥12.30 ¥23.94 ¥48.50 39
5Y EBITDA Exit ¥19.49 ¥38.48 ¥75.87 41
5Y P/E Exit ¥15.25 ¥37.91 ¥69.35 38
10Y Revenue Exit ¥10.03 ¥27.91 ¥40.93 36
10Y EBITDA Exit ¥15.90 ¥43.40 ¥93.70 37
10Y P/E Exit ¥12.80 ¥34.26 ¥70.80 35
Earnings-Based
Graham-Dodd ¥7.66 ¥53.41 ¥74.96 54
Lynch FV ¥20.23 ¥28.90 ¥37.57 50
PEG = 1.0 ¥20.23 ¥28.90 ¥37.57 46
EPV ¥11.40 ¥13.39 ¥15.12 59
Multiples
P/E Multiple ¥18.58 ¥24.78 ¥30.97 63
P/S Multiple ¥14.36 ¥19.15 ¥23.93 58
P/B Multiple ¥14.36 ¥19.15 ¥23.93 55
EV/EBIT ¥18.69 ¥25.09 ¥31.49 53
EV/EBITDA ¥23.70 ¥31.76 ¥39.83 54
EV/Revenue ¥13.19 ¥19.07 ¥24.94 43
Asset-Based
NCAV (Graham) ¥5.10 ¥6.83 ¥10.20 50
Growth DCF
Growth DCF ¥5.40 ¥10.49 ¥20.77 80
Rev-Margin DCF ¥12.41 ¥27.42 ¥55.79 74
Economic Profit
Residual Income ¥9.21 ¥10.56 ¥19.91 76
ROIC Compounder ¥12.79 ¥18.08 ¥23.00 72
Growth Earnings
Growth-Adj P/E ¥26.28 ¥37.54 ¥48.80 68

Widest divergence: Growth Earnings (¥37.54) versus Asset-Based (¥6.83). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 14.6B CNY
Revenue growth (YoY) +15.5%
Net margin 11.6%
Return on equity 10.0%
Free cash flow 552M CNY FY2025
P/E ratio 23.1 as of Jun 17, 2026
More key figures
Operating margin 12.9%
EPS (TTM) ¥0.9500
Dividend yield 0.9%
EPS growth (YoY) +6.8%
Net debt 2.0B CNY FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 84

Profitability 42
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 93
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

Pharmaron Beijing Co., Ltd., together with its subsidiaries, operates as a pharmaceutical research and development service platform in North America, Europe, the Mainland China, Asia, and internationally.

Full company description

Pharmaron Beijing Co., Ltd., together with its subsidiaries, operates as a pharmaceutical research and development service platform in North America, Europe, the Mainland China, Asia, and internationally. It operates through five segments: Laboratory Services; Chemical and Formulation Process Development and Manufacturing Services; Clinical Research Services; Macromolecule and Cell and Gene Therapy Services; and Others. The company offers laboratory chemistry and biological science services, including small molecule chemical drugs, oligonucleotides, peptides, antibodies, antimicrobial agents, antibody-drug conjugates (ADCs), and cell and gene therapy products; small molecule CDMO services, such as API process development and production, material science and preformulation, formulation development, and analytical development. It also provides clinical research services; macromolecular and cell and gene therapy services comprising drug discovery, development and production services, cell and gene therapy laboratory services, and gene therapy drug development and production services. In addition, the company is involved in the provision of technology development, technology transfer, technical consultation, technical services, and technical training; import and export of goods and technologies. Pharmaron Beijing Co., Ltd. was incorporated in 2004 and is headquartered in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pharmaron Beijing Co reported revenue of ¥14.1B in FY2025 versus ¥7.4B in FY2021, a compound +17.3%/yr. Reported net income was ¥1.7B in FY2025, compounding +0.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
14.1B CNY
Latest YoY
+14.8%
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.
+11.1%
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.
+22.4%
Avg. growth/yr (11Y) 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.
+29.9%
Revenue +17.3%/yr
FY21 ¥7.4B
FY22 ¥10.3B
FY23 ¥11.5B
FY24 ¥12.3B
FY25 ¥14.1B
Net income +0.0%/yr
FY21 ¥1.7B
FY22 ¥1.4B
FY23 ¥1.6B
FY24 ¥1.8B
FY25 ¥1.7B
Character of growth · EPS growth decomposed (2014-2024) +30.4 % p.a.
Revenue per share +15.4 pp

of which total revenue +33.7 pp · buybacks/dilution −18.4 pp

EBIT margin +14.9 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −0.2 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).

300759 screens 51% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Pharmaron Beijing Co Fair Value". https://www.fairvalue-calculator.com/stock/300759

Peer Group

Biotechnology · 600 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 55 · Above median
Fair Value upside −51% · Below median
Return on equity (TTM) 10% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth 16% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 23.1× · Cheaper than median
P/B 2.68× · Pricier than median
P/S (TTM) 2.77× · Cheaper than median
P/FCF 10.9× · Pricier than median
EV/EBITDA 13.2× · 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 0 · sector 0
FUTURE 78 · sector 0
PAST 40 · sector 0
HEALTH 94 · sector 97
DIVIDEND 18 · sector 27

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 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 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Pharmaron Beijing Co (300759) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥24.23 versus a price of ¥49.12, about −51% (overvalued).
What is the fair value of 300759?
Our model-based fair value for Pharmaron Beijing Co is ¥24.23 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥49.12.
What is the quality score of 300759?
Pharmaron Beijing Co has a Quality Score of 55/100. 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 Pharmaron Beijing Co (300759)?
Pharmaron Beijing Co reported trailing-twelve-month revenue of about 14.6B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300759?
The net profit margin of Pharmaron Beijing Co is about 11.6%, meaning it keeps roughly 11.6% of revenue as net income. Based on the latest reported figures.
Does Pharmaron Beijing Co pay a dividend?
Pharmaron Beijing Co currently shows a dividend yield of about 0.89% relative to its recent price (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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