Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tianjin Zhongxin Pharmaceutical Group Corp Ltd ¥20.14, price ¥35.39, upside -43.1%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥17.74 – ¥54.12 · fair‑value band ¥12.98 – ¥28.96 · the ¥35.39 price screens above the ¥20.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited engages in the research, development, processing, manufacturing, and sale of traditional Chinese medicine in China.
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Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited engages in the research, development, processing, manufacturing, and sale of traditional Chinese medicine in China. It provides pharmaceutical products for cardiovascular and cerebrovascular, skin wound repair, health preservation, respiratory, digestion, rheumatism and osteodynia, urological, gynecological and pediatric, ophthalmological, tumor, chronic, and other diseases, as well as tonic drugs. The company was formerly known as Tianjin Zhong Xin Pharmaceutical Group Corporation Limited and changed its name to Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited in May 2022. The company was founded in 1915 and is based in Tianjin, the People's Republic of China.
Stock analysis
Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) currently trades at ¥35.39, while our model-based Fair Value estimate is ¥20.14, implying the stock looks roughly 75.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥64.70 per share, and 8 of the 23 models we run sit above the ¥35.39 price.
Bear case: the Asset-Based group reads lowest at ¥8.34, and 15 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥12.98 (bear) to ¥28.96 (bull), the price of ¥35.39 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Healthcare sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Tianjin Zhongxin Pharmaceutical Group Corp Ltd reported revenue of 4.9B CNY in FY2025 versus 6.9B CNY in FY2021, a compound −8.1%/yr. Reported net income was 2.1B CNY in FY2025, compounding +29.0%/yr from FY2021.
Key figures
Market cap 28.6B CNY (≈ $4.3B) · P/E ratio 13.1 · P/S ratio 5.69 · EPS (TTM) ¥2.83 · Dividend yield 13.5% · Net margin 43.3% · Return on equity 27.5% · Return on assets (EBIT) 12.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −8% fair-value upside, at −43%, 600329 screens richer than that median.
Fair Value models
Bear ¥12.98Fair Value ¥20.14Bull ¥28.96
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+55.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.4%
Dividend (yield on the price)13.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.44% vs 26%, picking up
Profit margin 2000 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 20%
2025 sits 316% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +12.9% a year for the price.
Compare Tianjin Zhongxin Pharmaceutical Group Corp Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Drug Manufacturers - Specialty & Generic · 612 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside−43% · Below median
Profitability
Return on equity (TTM)27% · Top 25%
Return on assets6% · Above median
Net margin (TTM)44% · Top 25%
Operating margin (TTM)33% · Top 25%
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)13.5% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Drug Manufacturers - Specialty & Generic median · lower = cheaper
P/E (TTM)13.1× · Cheapest 25%
P/B4.03× · Priciest 25%
P/S (TTM)5.75× · Priciest 25%
P/FCF12.5× · Priciest 25%
EV/EBITDA24.7× · Priciest 25%
PEG0.75× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)21· sector 21
PAST (return on equity)100· sector 25
HEALTH (low debt)98· sector 96
DIVIDEND (yield)100· sector 30
VALUE 0: the price sits above our fair-value range.
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). "Tianjin Zhongxin Pharmaceutical Group Corp Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600329
Frequently asked questions
Is Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥20.14 versus a price of ¥35.39, about −43% upside (overvalued).
What is the fair value of 600329?
Our model-based fair value for Tianjin Zhongxin Pharmaceutical Group Corp Ltd is ¥20.14 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥35.39.
What is the quality score of 600329?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd has a Quality Score of 75/100. 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 price target for Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Our model-based price target is the fair value of ¥20.14 (as of Sep 24, 2026) from 23 valuation models. Cautious scenario ¥12.98, optimistic scenario ¥28.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Tianjin Zhongxin Pharmaceutical Group Corp Ltd stock forecast for 2026?
Our models put fair value at ¥20.14, about −43% upside versus a price of ¥35.39 (overvalued). Cautious scenario ¥12.98, optimistic scenario ¥28.96. The calculation is refreshed regularly with new filings.
What is the revenue of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd reported trailing-twelve-month revenue of about 5.0B CNY (latest available figure, as of Sep 24, 2026).
Does Tianjin Zhongxin Pharmaceutical Group Corp Ltd pay a dividend?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd currently shows a dividend yield of about 13.53% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
For today's price to be fair in a discounted-cash-flow model, Tianjin Zhongxin Pharmaceutical Group Corp Ltd would have to grow free cash flow by +14.8 % per year for five years (discount rate 8.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 600329 use?
Our models discount Tianjin Zhongxin Pharmaceutical Group Corp Ltd at 8.8 %: a base by market capitalisation (large), damped by beta 0.53, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tianjin Zhongxin Pharmaceutical Group Corp Ltd that is +14.8 % per year a year over ten years, using the same discount rate (8.8 %) and the same formula as our fair value.
How much growth has Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) delivered so far?
Over the past 5 years revenue at Tianjin Zhongxin Pharmaceutical Group Corp Ltd grew -5.7 % a year. The price currently implies +14.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Tianjin Zhongxin Pharmaceutical Group Corp Ltd (+14.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The free-cash-flow yield on the price is 2.42 %: that much free cash flow Tianjin Zhongxin Pharmaceutical Group Corp Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tianjin Zhongxin Pharmaceutical Group Corp Ltd it is ¥20.14 per share (as of Sep 24, 2026), against a price of ¥35.39. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Tianjin Zhongxin Pharmaceutical Group Corp Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600329 trades above its calculated fair value: price ¥35.39, fair value ¥20.14, a gap of about −43% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600329?
No. The price is what the market pays today (¥35.39); the fair value is what the company's own numbers justify (¥20.14). For Tianjin Zhongxin Pharmaceutical Group Corp Ltd the two are ¥15.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tianjin Zhongxin Pharmaceutical Group Corp Ltd worth?
The market values Tianjin Zhongxin Pharmaceutical Group Corp Ltd at about 28.6B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥35.39; our models calculate a fair value of ¥20.14 per share.
What do the bullish and bearish scenarios say about 600329?
Our models span a range for Tianjin Zhongxin Pharmaceutical Group Corp Ltd: cautious scenario ¥12.98, base ¥20.14, optimistic ¥28.96 per share (as of Sep 24, 2026, price ¥35.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600329?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd trades at a price-to-earnings ratio of 13.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥20.14 is built from several models across several years. Other multiples: PEG 0.7, P/B 4.0, P/S 5.8, EV/EBITDA 24.7.
What is the PEG ratio of 600329?
The PEG ratio of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 0.75 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Balance-sheet figures for Tianjin Zhongxin Pharmaceutical Group Corp Ltd (as of Sep 24, 2026): return on equity 27.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 600329 from its 52-week high?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd trades at ¥35.39, about 29% below its 52-week high of ¥50.05 and 4% above the low of ¥34.04 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥20.14 is for.
Which stocks are comparable to Tianjin Zhongxin Pharmaceutical Group Corp Ltd?
From the same area (Healthcare) we also value Merck KGaA, Takeda Pharmaceutical Company, Jiangsu Hengrui Pharmaceuticals Co, Sun Pharmaceutical Industries Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tianjin Zhongxin Pharmaceutical Group Corp Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥35.39, calculated fair value ¥20.14 (−43%), Quality Score 75/100, from 23 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600329 calculated?
We run Tianjin Zhongxin Pharmaceutical Group Corp Ltd through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥20.14, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Tianjin Zhongxin Pharmaceutical Group Corp Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The closing price on Sep 23, 2026 was ¥35.39. Our model-based fair value is ¥20.14, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tianjin Zhongxin Pharmaceutical Group Corp Ltd right now?
A high-quality business (quality 75/100), 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 (¥28.96). The favourable scenario is already priced in. A fairly wide model range (¥12.98 to ¥28.96) leaves room in how you read the outcome.
Where does the earnings growth of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) come from?
Earnings per share at Tianjin Zhongxin Pharmaceutical Group Corp Ltd grew +14.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.4 %, EBIT margin +12.9 %, tax rate +0.1 %, residual (interest, one-offs) −0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tianjin Zhongxin Pharmaceutical Group Corp Ltd
How large is the market capitalisation of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The market capitalisation of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 28.6B CNY (≈ $4.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The price-to-sales ratio of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 5.69 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Earnings per share at Tianjin Zhongxin Pharmaceutical Group Corp Ltd are ¥2.83 (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The dividend yield of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 13.5% (payout 169%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The net margin of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 43.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The return on equity (ROE) of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 27.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
On an EBIT basis the return on assets of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 12.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
The operating margin of Tianjin Zhongxin Pharmaceutical Group Corp Ltd is 33.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Revenue at Tianjin Zhongxin Pharmaceutical Group Corp Ltd is growing +4.1% versus a year earlier (3y avg −15.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329)?
Earnings per share at Tianjin Zhongxin Pharmaceutical Group Corp Ltd are growing +12.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tianjin Zhongxin Pharmaceutical Group Corp Ltd (600329) hold?
Tianjin Zhongxin Pharmaceutical Group Corp Ltd holds more cash than debt, 2.9B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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