EN DE

Chengdu Kanghua Biological Products Co (300841) Fair Value & Analysis

Healthcare · CN · Market cap 6.0B CNY

CK Chengdu Kanghua Biological Products Co 300841 · SHE
Price¥48.29
Fair Value¥37.23
Upside-22.9%
Quality73/100
Watch Chengdu Kanghua Biological Products Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Solidly profitable · 18.9% net margin
Low debt · generates free cash flow
1.11% dividend yield
Ranks above peers (10/14)
Moderate moat 56/100
Evidence: High Range ¥27.92 – ¥46.54 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price +4.1% over the past month.

A solid business, but screening 23% overvalued on our models.

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥46.54). The favourable scenario is already priced in.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥210.68 ¥42.86 Fair Value ¥37.23 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 ¥42.86 – ¥210.68 · fair‑value band ¥27.92 – ¥46.54 · the ¥48.29 price screens above the ¥37.23 fair value. Dashed = 300-day average. As of Jul 9, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Chengdu Kanghua Biological Products Co (300841) currently trades at ¥48.29, while our model-based Fair Value estimate is ¥37.23, implying the stock looks roughly 22.9% overvalued today. The Quality Score stands at 73/100 (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, Chengdu Kanghua Biological Products Co generated revenue of 1.2B CNY at a net margin of 18.9%. Revenue grew 25.0% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 814M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥27.92 (bear case) to ¥46.54 (bull case); at ¥48.29, 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 48% 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 -43% fair-value upside, at -23%, 300841 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 ¥39.42 ¥67.75 ¥109.89 80
Residual Income ¥21.26 ¥21.88 ¥22.03 76
Rev-Margin DCF ¥31.68 ¥48.86 ¥72.47 74
All 24 models by family
DCF Models
FCF DCF ¥40.22 ¥66.95 ¥123.51 38
Owner Earnings ¥31.76 ¥53.41 ¥92.66 31
5Y Revenue Exit ¥31.68 ¥49.35 ¥73.87 39
5Y EBITDA Exit ¥36.89 ¥60.73 ¥91.75 41
5Y P/E Exit ¥36.66 ¥60.24 ¥88.38 38
10Y Revenue Exit ¥33.61 ¥51.71 ¥80.86 36
10Y EBITDA Exit ¥37.73 ¥60.14 ¥96.35 37
10Y P/E Exit ¥37.58 ¥59.77 ¥93.44 35
Earnings-Based
Graham-Dodd ¥11.51 ¥64.43 ¥89.48 54
Lynch FV ¥18.03 ¥25.76 ¥33.48 50
PEG = 1.0 ¥18.03 ¥25.76 ¥33.48 46
EPV ¥23.06 ¥25.32 ¥27.27 59
Multiples
P/E Multiple ¥27.92 ¥37.23 ¥46.54 63
P/S Multiple ¥21.58 ¥28.77 ¥35.96 58
P/B Multiple ¥21.58 ¥28.77 ¥35.96 55
EV/EBIT ¥35.53 ¥44.47 ¥53.40 53
EV/EBITDA ¥37.01 ¥46.43 ¥55.86 54
EV/Revenue ¥27.56 ¥35.63 ¥43.70 43
Asset-Based
NCAV (Graham) ¥13.61 ¥18.24 ¥27.22 50
Growth DCF
Growth DCF ¥39.42 ¥67.75 ¥109.89 80
Rev-Margin DCF ¥31.68 ¥48.86 ¥72.47 74
Economic Profit
Residual Income ¥21.26 ¥21.88 ¥22.03 76
ROIC Compounder ¥23.06 ¥25.32 ¥27.35 72
Growth Earnings
Growth-Adj P/E ¥27.66 ¥39.51 ¥51.37 68

Widest divergence: DCF Models (¥59.77) versus Asset-Based (¥18.24). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) +25.0%
Net margin 18.9%
Return on equity 6.4%
Free cash flow 309M CNY FY2025
P/E ratio 26.4
More key figures
Operating margin 17.5%
EPS (TTM) ¥1.74
Dividend yield 1.1%
EPS growth (YoY) +32.1%
Net cash 814M CNY FY2024

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 27

Profitability 43
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 93
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

Chengdu Kanghua Biological Products Co., Ltd. engages in the research, development, production, sale, and technical service of biological products in China. It offers group ACYW135 meningococcal polysaccharide vaccines; and freeze-dried human diploid cell rabies vaccines. The company also develops seasonal influenza vaccines.

Full company description

Chengdu Kanghua Biological Products Co., Ltd. engages in the research, development, production, sale, and technical service of biological products in China. It offers group ACYW135 meningococcal polysaccharide vaccines; and freeze-dried human diploid cell rabies vaccines. The company also develops seasonal influenza vaccines. In addition, it exports its products. Chengdu Kanghua Biological Products Co., Ltd. was founded in 2004 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chengdu Kanghua Biological Products Co reported revenue of ¥1.2B in FY2025 versus ¥1.3B in FY2021, a compound −2.6%/yr. Reported net income was ¥220M in FY2025, compounding −28.2%/yr from FY2021.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.2B CNY
Latest YoY
−18.6%
Avg. growth/yr (3Y)
−7.0%
Avg. growth/yr (5Y)
+2.3%
Avg. growth/yr (10Y)
+32.3%
Revenue −2.6%/yr
FY21 ¥1.3B
FY22 ¥1.4B
FY23 ¥1.6B
FY24 ¥1.4B
FY25 ¥1.2B
Net income −28.2%/yr
FY21 ¥829M
FY22 ¥598M
FY23 ¥509M
FY24 ¥399M
FY25 ¥220M

300841 screens 23% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Chengdu Kanghua Biological Products Co Fair Value". https://www.fairvalue-calculator.com/stock/300841

Peer Group

Biotechnology · 603 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 73 · Top 25%
Fair Value upside −23% · Above median
Return on equity (TTM) 6% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 25% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 26.4× · Pricier than median
P/B 1.68× · Pricier than median
P/S (TTM) 4.97× · Pricier than median
P/FCF 2.9× · Cheaper than median
EV/EBITDA 14.5× · 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 3 · sector 0
FUTURE 100 · sector 0
PAST 26 · sector 0
HEALTH 100 · sector 97
DIVIDEND 22 · sector 23

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%

Compare Chengdu Kanghua Biological Products Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Chengdu Kanghua Biological Products Co (300841) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥37.23 versus a price of ¥48.29, about −23% (overvalued).
What is the fair value of 300841?
Our model-based fair value for Chengdu Kanghua Biological Products Co is ¥37.23 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥48.29.
What is the quality score of 300841?
Chengdu Kanghua Biological Products Co has a Quality Score of 73/100. 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 Chengdu Kanghua Biological Products Co (300841)?
Chengdu Kanghua Biological Products Co reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300841?
The net profit margin of Chengdu Kanghua Biological Products Co is about 18.9%, meaning it keeps roughly 18.9% of revenue as net income. Based on the latest reported figures.
Does Chengdu Kanghua Biological Products Co pay a dividend?
Chengdu Kanghua Biological Products Co currently shows a dividend yield of about 1.11% 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.

14 days Pro free · no card

Track Chengdu Kanghua Biological Products Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.