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Henan Lingrui Pharmaceutical Co (600285) Fair Value & Analysis

Healthcare · CN · Market cap 12.6B CNY

HL Henan Lingrui Pharmaceutical Co 600285 · SHG
Price¥22.24
Fair Value¥23.12
Upside+4.0%
Quality72/100
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Healthy Growth
Solidly profitable · 19.9% net margin
Low debt · generates free cash flow
4.96% dividend yield
Ranks above peers (10/14)
Wide moat 75/100
Evidence: High Range ¥13.44 – ¥35.87 Share as image

Fair value as of: Aug 8, 2026

From 24 valuation models · updated 2 days ago

Share price +1.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (¥13.44 to ¥35.87). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

¥24.04 ¥6.73 Fair Value ¥23.12 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥6.73 – ¥24.04 · fair‑value band ¥13.44 – ¥35.87 · the ¥22.24 price screens below the ¥23.12 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Henan Lingrui Pharmaceutical Co (600285) currently trades at ¥22.24, while our model-based Fair Value estimate is ¥23.12, implying the stock looks roughly 4.0% fairly valued today. The Quality Score stands at 72/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Henan Lingrui Pharmaceutical Co generated revenue of 4.0B CNY at a net margin of 19.9%. Revenue grew 10.3% year over year. It earns a return on equity of 22.6%. Net debt stands at 8.8M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥13.44 (bear case) to ¥35.87 (bull case); at ¥22.24, 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 5% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at 4%, 600285 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 ¥12.14 ¥21.34 ¥37.29 80
Residual Income ¥8.85 ¥11.83 ¥55.97 76
Rev-Margin DCF ¥13.51 ¥24.06 ¥38.04 74
All 24 models by family
DCF Models
FCF DCF ¥12.30 ¥22.53 ¥40.90 38
Owner Earnings ¥19.43 ¥35.93 ¥65.53 31
5Y Revenue Exit ¥13.51 ¥24.46 ¥39.69 39
5Y EBITDA Exit ¥15.38 ¥28.41 ¥45.15 41
5Y P/E Exit ¥18.41 ¥34.81 ¥54.08 38
10Y Revenue Exit ¥12.54 ¥22.93 ¥39.54 36
10Y EBITDA Exit ¥14.27 ¥25.86 ¥44.22 37
10Y P/E Exit ¥16.30 ¥30.61 ¥51.87 35
Earnings-Based
Graham-Dodd ¥9.11 ¥45.62 ¥62.97 54
Lynch FV ¥12.35 ¥17.64 ¥22.93 50
PEG = 1.0 ¥12.35 ¥17.64 ¥22.93 46
EPV ¥12.96 ¥15.01 ¥16.81 59
Multiples
P/E Multiple ¥22.10 ¥29.46 ¥36.83 63
P/S Multiple ¥17.08 ¥22.77 ¥28.46 58
P/B Multiple ¥17.08 ¥22.77 ¥28.46 55
EV/EBIT ¥19.49 ¥25.77 ¥32.06 53
EV/EBITDA ¥17.99 ¥23.77 ¥29.55 54
EV/Revenue ¥14.09 ¥19.86 ¥25.63 43
Asset-Based
NCAV (Graham) ¥3.00 ¥4.02 ¥6.00 50
Growth DCF
Growth DCF ¥12.14 ¥21.34 ¥37.29 80
Rev-Margin DCF ¥13.51 ¥24.06 ¥38.04 74
Economic Profit
Residual Income ¥8.85 ¥11.83 ¥55.97 76
ROIC Compounder ¥14.82 ¥19.80 ¥26.24 72
Growth Earnings
Growth-Adj P/E ¥19.31 ¥27.59 ¥35.87 68

Widest divergence: Growth Earnings (¥27.59) versus Asset-Based (¥4.02). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.0B CNY
Revenue growth (YoY) +10.3%
Net margin 19.9%
Return on equity 22.6%
Free cash flow 497M CNY FY2025
P/E ratio 15.0
More key figures
Operating margin 23.7%
EPS (TTM) ¥1.39
Dividend yield 5.3%
EPS growth (YoY) +13.6%
Net debt 8.8M CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 70 · Market factors (momentum, volatility) 62

Profitability 77
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 79
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

Henan Lingrui Pharmaceutical Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of drugs in China. It operates through Pharmaceutical and Healthcare Division; and Others segments. The company offers its products in ten dosage forms, such as adhesive plasters, tablets, capsules, granules, and tinctures, etc.

Full company description

Henan Lingrui Pharmaceutical Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of drugs in China. It operates through Pharmaceutical and Healthcare Division; and Others segments. The company offers its products in ten dosage forms, such as adhesive plasters, tablets, capsules, granules, and tinctures, etc. for various indications, including orthopedic, cardiovascular, cerebrovascular, dermatology, pediatrics, respiratory, and anesthesiology. Its products include Tongluoqutong plasters, Peiyuantongnao capsules, Danlutongdu tablets, stomachache free tablets, and Shenqi Hypoglycemic capsules; and Tongluo pain relief creams, Huoxuexiaotong tinctures, bone strengthening musk pain relief creams, indomethacin patches, abdominal soothing plasters, children's paracetamol and phenylephrine granules, children's kechuanling granules, montmorillonite powders, medical cooling patches, three yellow pearl creams, mometasone furoate creams, mupirocin ointments, bluestone particles, ke ning capsules, xiao chaihu tablets, and ruishuan fentanyl transdermal patches. The company also engages in industrial and real estate investment; technology research and development; ecological agriculture; and high-tech activities. Henan Lingrui Pharmaceutical Co., Ltd. was founded in 1992 and is headquartered in Xinyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Henan Lingrui Pharmaceutical Co reported revenue of ¥3.9B in FY2025 versus ¥2.7B in FY2021, a compound +9.4%/yr. Reported net income was ¥760M in FY2025, compounding +20.4%/yr from FY2021.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.9B CNY
Latest YoY
+10.1%
Avg. growth/yr (3Y)
+8.7%
Avg. growth/yr (5Y)
+10.6%
Avg. growth/yr (28Y)
+15.2%
Revenue +9.4%/yr
FY21 ¥2.7B
FY22 ¥3.0B
FY23 ¥3.3B
FY24 ¥3.5B
FY25 ¥3.9B
Net income +20.4%/yr
FY21 ¥362M
FY22 ¥465M
FY23 ¥568M
FY24 ¥723M
FY25 ¥760M

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Cite: Fair Value Calculator (2026). "Henan Lingrui Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/600285

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 72 · Top 25%
Fair Value upside +4% · Above median
Return on equity (TTM) 23% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 5.0% · Top 25%
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 16.0× · Cheaper than median
P/B 3.71× · Pricier than 75% of peers
P/S (TTM) 3.19× · Pricier than median
P/FCF 3.8× · Pricier than median
EV/EBITDA 12.9× · 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 39 · sector 7
FUTURE 52 · sector 20
PAST 90 · sector 23
HEALTH 100 · sector 97
DIVIDEND 99 · sector 34

Insider activity: 40/100

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 Aug 8, 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 Henan Lingrui Pharmaceutical Co (600285) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥23.12 versus a price of ¥22.24, about +4% (fairly valued).
What is the fair value of 600285?
Our model-based fair value for Henan Lingrui Pharmaceutical Co is ¥23.12 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥22.24.
What is the quality score of 600285?
Henan Lingrui Pharmaceutical Co has a Quality Score of 72/100. 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 Henan Lingrui Pharmaceutical Co (600285)?
Henan Lingrui Pharmaceutical Co reported trailing-twelve-month revenue of about 4.0B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600285?
The net profit margin of Henan Lingrui Pharmaceutical Co is about 19.9%, meaning it keeps roughly 19.9% of revenue as net income. Based on the latest reported figures.
Does Henan Lingrui Pharmaceutical Co pay a dividend?
Henan Lingrui Pharmaceutical Co currently shows a dividend yield of about 5.33% relative to its recent price (as of Aug 8, 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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