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Beihai Gofar Chuanshan Biological Co (600538) Fair Value & Analysis

Basic Materials · CN · Market cap 2.8B CNY

BG Beihai Gofar Chuanshan Biological Co 600538 · SHG
Price¥5.39
Fair Value¥0.5600
Upside-89.6%
Quality45/100
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Expensive Growth
Loss-making · -29.6% net margin
Low debt · negative free cash flow
Trails peers (2/10)
Narrow moat 13/100
Evidence: Low Range ¥0.3700 – ¥0.5600 Share as image

Fair value as of: Aug 9, 2026

From 1 valuation models · updated yesterday

Share price +2.3% over the past month.

Below-average quality, and screening another 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.5600). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥10.70 ¥2.95 Fair Value ¥0.5600 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥2.95 – ¥10.70 · fair‑value band ¥0.3700 – ¥0.5600 · the ¥5.39 price screens above the ¥0.5600 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Beihai Gofar Chuanshan Biological Co (600538) currently trades at ¥5.39, while our model-based Fair Value estimate is ¥0.5600, implying the stock looks roughly 89.6% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials 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: low).

Over the trailing twelve months, Beihai Gofar Chuanshan Biological Co generated revenue of 332M CNY at a net margin of -29.6%. Revenue grew 5.1% year over year. It earns a return on equity of -13.1%. The balance sheet holds a net cash position of 108M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥0.3700 (bear case) to ¥0.5600 (bull case); at ¥5.39, 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 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -13% fair-value upside, at -90%, 600538 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
NCAV (Graham) ¥0.6600 ¥0.8800 ¥1.31 50
All 1 models by family
Asset-Based
NCAV (Graham) ¥0.6600 ¥0.8800 ¥1.31 50

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Key figures & financial health

Revenue (TTM) 332M CNY
Revenue growth (YoY) +5.1%
Net margin -29.6%
Return on equity -13.1%
Free cash flow −19.9M CNY FY2025
Operating margin -3.9%
More key figures
EPS (TTM) ¥-0.1900
EPS growth (YoY) +12.4%
Net cash 108M CNY FY2024

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 35

Profitability 7
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 70
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

Beihai Gofar Chuanshan Biological Co., Ltd., together with its subsidiaries, distributes pharmaceutical products in China. It operates through Pharmaceutical Distribution; Pharmaceutical Manufacturing; DNA Testing Equipment, Consumables and Testing Services; and Others segments.

Full company description

Beihai Gofar Chuanshan Biological Co., Ltd., together with its subsidiaries, distributes pharmaceutical products in China. It operates through Pharmaceutical Distribution; Pharmaceutical Manufacturing; DNA Testing Equipment, Consumables and Testing Services; and Others segments. The company wholesales and retails pharmaceutical products through hospitals, clinics, other medical institutions, pharmacies, health centers, clinics, directly operated stores, general agents, distributors, and allocations. It also provides pearl eye drops, pearl powder, and pearl layer powder under the Haibao brand; brand gastrointestinal granules, honeysuckle oral solution, and children's syrup under the Guofa brand; and traumatic injury medicated wine, and sea snake medicated wine under the Haima brand. In addition, the company produces and sells forensic DNA testing equipment, reagents, and consumables; and provides technical services, including DNA testing services. Further, it engages in culture and arts activities; and provision of technical services. The company was formerly known as Beihai Gofar Marine Biological Industry Co., Ltd. and changed its name to Beihai Gofar Chuanshan Biological Co., Ltd. in June 2021. Beihai Gofar Chuanshan Biological Co., Ltd. was incorporated in 1993 and is headquartered in Beihai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beihai Gofar Chuanshan Biological Co reported revenue of ¥328M in FY2025 versus ¥425M in FY2021, a compound −6.2%/yr. Reported net income was −¥87.6M in FY2025.

Growth Quality 15/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
328M CNY
Latest YoY
−3.6%
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.
−10.6%
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.
+4.2%
Avg. growth/yr (26Y) 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.
+6.5%
Revenue −6.2%/yr
FY21 ¥425M
FY22 ¥460M
FY23 ¥369M
FY24 ¥340M
FY25 ¥328M
Net income
FY21 ¥10.5M
FY22 ¥34.8M
FY23 −¥82.3M
FY24 −¥93.9M
FY25 −¥87.6M

600538 screens 90% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Beihai Gofar Chuanshan Biological Co Fair Value". https://www.fairvalue-calculator.com/stock/600538

Peer Group

Agricultural Inputs · 179 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 45 · Below median
Fair Value upside −90% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -30% · Bottom 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth 5% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/B 0.60× · Cheaper than 75% of peers
P/S (TTM) 1.25× · 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 21
FUTURE 26 · sector 37
PAST 0 · sector 24
HEALTH 99 · sector 97
DIVIDEND 0 · sector 33

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 Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $86.07 $27.81 -68%
Nutrien Ltd NTR C$94.23 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥24.93 ¥21.26 -15%
CF Industries Holdings CF $119.19 $161.00 +35%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 451.30 kr 67.25 -85%
Yunnan Yuntianhua Co 600096 ¥30.17 ¥42.12 +40%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥42.59 ¥38.01 -11%
Coromandel International Limited COROMANDEL ₹2,034 ₹1,129 -44%
UPL Limited UPL ₹594.75 ₹387.06 -35%

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Frequently asked questions

Is Beihai Gofar Chuanshan Biological Co (600538) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥0.5600 versus a price of ¥5.39, about −90% (overvalued).
What is the fair value of 600538?
Our model-based fair value for Beihai Gofar Chuanshan Biological Co is ¥0.5600 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥5.39.
What is the quality score of 600538?
Beihai Gofar Chuanshan Biological Co has a Quality Score of 45/100. 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 Beihai Gofar Chuanshan Biological Co (600538)?
Beihai Gofar Chuanshan Biological Co reported trailing-twelve-month revenue of about 332M CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600538?
The net profit margin of Beihai Gofar Chuanshan Biological Co is about -29.6%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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