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Nanjing Pharmaceutical Group (600713) Fair Value & Analysis

Healthcare · CN · Market cap 6.8B CNY

NP Nanjing Pharmaceutical Group 600713 · SHG
Price¥5.18
Fair Value¥6.33
Upside+22.2%
Quality47/100
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Expensive Growth
Thin margins · 1.1% net margin
Moderate debt · negative free cash flow
3.34% dividend yield
Mixed vs. peers (6/14)
Narrow moat 28/100
Evidence: High Range ¥3.14 – ¥7.48 Share as image

Fair value as of: Aug 9, 2026

From 17 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥9.46 to ¥6.33 (−33.1%) since Jul 11, 2026. Share price +0.6% over the past month.

Below-average quality, screening 22% undervalued on our models.

What matters now

  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥3.14 to ¥7.48) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥6.40 ¥3.90 Fair Value ¥6.33 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 ¥3.90 – ¥6.40 · fair‑value band ¥3.14 – ¥7.48 · the ¥5.18 price screens below the ¥6.33 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Nanjing Pharmaceutical Group (600713) currently trades at ¥5.18, while our model-based Fair Value estimate is ¥6.33, implying the stock looks roughly 22.2% undervalued today. The Quality Score stands at 47/100 (below-average 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, Nanjing Pharmaceutical Group generated revenue of 54.6B CNY at a net margin of 1.1%. Revenue declined 2.8% year over year. It earns a return on equity of 10.1%. Net debt stands at 2.3B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥3.14 (bear case) to ¥7.48 (bull case); at ¥5.18, 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 22% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -25% fair-value upside, at 22%, 600713 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
Residual Income ¥4.64 ¥5.02 ¥5.82 76
ROIC Compounder ¥8.98 ¥12.38 ¥16.93 72
Gordon GGM ¥3.31 ¥6.59 ¥9.98 70
All 17 models by family
DCF Models
Owner Earnings ¥5.28 ¥10.09 ¥18.23 31
Earnings-Based
Graham-Dodd ¥3.25 ¥15.44 ¥21.24 54
Lynch FV ¥4.11 ¥5.87 ¥7.63 50
PEG = 1.0 ¥4.11 ¥5.87 ¥7.63 46
EPV ¥8.01 ¥9.41 ¥10.61 59
Dividend Discount
Gordon GGM ¥3.31 ¥6.59 ¥9.98 70
DDM Multi-Stage ¥3.31 ¥5.70 ¥6.96 61
Multiples
P/E Multiple ¥7.88 ¥10.51 ¥13.14 63
P/S Multiple ¥6.09 ¥8.12 ¥10.15 58
P/B Multiple ¥6.09 ¥8.12 ¥10.15 55
EV/EBIT ¥14.11 ¥19.09 ¥24.07 53
EV/EBITDA ¥13.67 ¥18.51 ¥23.35 54
EV/Revenue ¥9.83 ¥14.40 ¥18.97 43
Asset-Based
NCAV (Graham) ¥2.75 ¥3.68 ¥5.49 50
Economic Profit
Residual Income ¥4.64 ¥5.02 ¥5.82 76
ROIC Compounder ¥8.98 ¥12.38 ¥16.93 72
Growth Earnings
Growth-Adj P/E ¥6.62 ¥9.46 ¥12.30 68

Widest divergence: Multiples (¥10.51) versus Asset-Based (¥3.68). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 54.6B CNY
Revenue growth (YoY) -2.8%
Net margin 1.1%
Return on equity 10.1%
Free cash flow −160M CNY FY2025
P/E ratio 12.3
More key figures
Operating margin 2.8%
EPS (TTM) ¥0.4100
Dividend yield 3.4%
EPS growth (YoY) -11.1%
Net debt 2.3B CNY FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 48

Profitability 41
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 72
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

Nanjing Pharmaceutical Group Company Limited engages in the drug distribution businesses in China. It also involved in the wholesale and retail of medical device distribution; pharmaceutical logistics; and internet drug retail business.

Full company description

Nanjing Pharmaceutical Group Company Limited engages in the drug distribution businesses in China. It also involved in the wholesale and retail of medical device distribution; pharmaceutical logistics; and internet drug retail business. The company was formerly known as NanJing Pharmaceutical Company Limited and change its name to Nanjing Pharmaceutical Group Company Limited in December 2025. Nanjing Pharmaceutical Group Company Limited was founded in 1951 and is based in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanjing Pharmaceutical Group reported revenue of ¥55.0B in FY2025 versus ¥45.1B in FY2021, a compound +5.1%/yr. Reported net income was ¥625M in FY2025, compounding +5.5%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
55.0B CNY
Latest YoY
+2.4%
Avg. growth/yr (3Y)
+3.1%
Avg. growth/yr (5Y)
+6.7%
Avg. growth/yr (32Y)
+16.2%
Revenue +5.1%/yr
FY21 ¥45.1B
FY22 ¥50.2B
FY23 ¥53.6B
FY24 ¥53.7B
FY25 ¥55.0B
Net income +5.5%/yr
FY21 ¥505M
FY22 ¥596M
FY23 ¥578M
FY24 ¥571M
FY25 ¥625M

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Cite: Fair Value Calculator (2026). "Nanjing Pharmaceutical Group Fair Value". https://www.fairvalue-calculator.com/stock/600713

Peer Group

Drug Manufacturers - General · 76 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 47 · Below median
Fair Value upside +22% · Top 25%
Return on equity (TTM) 10% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 3% · Bottom 25%
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 3.3% · Top 25%
Debt / equity 0.58× · Higher than 75% of peers

Valuation Multiples vs Drug Manufacturers - General median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than 75% of peers
P/B 0.94× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
EV/EBITDA 5.3× · Cheaper than 75% of peers
PEG 3.08× · 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 63 · sector 0
FUTURE 0 · sector 24
PAST 40 · sector 50
HEALTH 71 · sector 94
DIVIDEND 67 · sector 46

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

Stock Price Fair Value vs Fair Value
Eli Lilly and Company LLY $1,182 $396.77 -66%
Johnson & Johnson, JNJ $257.59 $169.04 -34%
AbbVie Inc ABBV $254.49 $67.72 -73%
Roche Holding 1RO €392.80 €226.68 -42%
Merck & Co MRK €108.08 €121.54 +12%
Novartis AG NVSN 2,742 MXN 2,379 MXN -13%
AstraZeneca PLC AZN $171.61 $129.54 -25%
Novo Nordisk A/S NOVOB kr 329.90 kr 409.46 +24%
Amgen Inc AMGN $363.39 $252.02 -31%
Sanofi SNYN 770.00 MXN 1,251 MXN +63%

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Frequently asked questions

Is Nanjing Pharmaceutical Group (600713) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥6.33 versus a price of ¥5.18, about +22% (undervalued).
What is the fair value of 600713?
Our model-based fair value for Nanjing Pharmaceutical Group is ¥6.33 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥5.18.
What is the quality score of 600713?
Nanjing Pharmaceutical Group has a Quality Score of 47/100. 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 Nanjing Pharmaceutical Group (600713)?
Nanjing Pharmaceutical Group reported trailing-twelve-month revenue of about 54.6B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600713?
The net profit margin of Nanjing Pharmaceutical Group is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Nanjing Pharmaceutical Group pay a dividend?
Nanjing Pharmaceutical Group currently shows a dividend yield of about 3.40% relative to its recent price (as of Aug 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.

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