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Jianmin Pharmaceutical Group (600976) Fair Value & Analysis

Healthcare · CN · Market cap 4.6B CNY

JP Jianmin Pharmaceutical Group 600976 · SHG
Price¥30.15
Fair Value¥25.98
Upside-13.8%
Quality56/100
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Mixed Growth
Solidly profitable · 10.1% net margin
Low debt · generates free cash flow
3.00% dividend yield
Ranks above peers (10/14)
Moderate moat 46/100
Evidence: High Range ¥16.64 – ¥46.08 Share as image

Fair value as of: Aug 9, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥27.58 to ¥25.98 (−5.8%) since Jul 11, 2026. Share price +7.3% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • The model range is unusually wide (¥16.64 to ¥46.08). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥83.88 ¥23.98 Fair Value ¥25.98 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 ¥23.98 – ¥83.88 · fair‑value band ¥16.64 – ¥46.08 · the ¥30.15 price screens above the ¥25.98 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Jianmin Pharmaceutical Group (600976) currently trades at ¥30.15, while our model-based Fair Value estimate is ¥25.98, implying the stock looks roughly 13.8% overvalued today. The Quality Score stands at 56/100 (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, Jianmin Pharmaceutical Group generated revenue of 3.4B CNY at a net margin of 10.1%. Revenue declined 2.1% year over year. It earns a return on equity of 12.9%. Net debt stands at 179M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥16.64 (bear case) to ¥46.08 (bull case); at ¥30.15, 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 31% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -14%, 600976 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 ¥13.30 ¥20.59 ¥31.54 80
Residual Income ¥16.44 ¥20.06 ¥42.67 76
Rev-Margin DCF ¥13.51 ¥21.94 ¥31.99 74
All 26 models by family
DCF Models
FCF DCF ¥13.22 ¥20.75 ¥32.23 38
Owner Earnings ¥24.69 ¥39.03 ¥60.89 31
5Y Revenue Exit ¥13.51 ¥22.02 ¥33.07 39
5Y EBITDA Exit ¥17.02 ¥28.78 ¥42.82 41
5Y P/E Exit ¥27.47 ¥48.90 ¥72.18 38
10Y Revenue Exit ¥12.86 ¥20.58 ¥31.36 36
10Y EBITDA Exit ¥15.49 ¥25.24 ¥38.84 37
10Y P/E Exit ¥22.08 ¥39.12 ¥61.35 35
Earnings-Based
Graham-Dodd ¥15.95 ¥56.93 ¥76.68 54
Lynch FV ¥13.40 ¥19.14 ¥24.88 50
PEG = 1.0 ¥13.40 ¥19.14 ¥24.88 46
EPV ¥12.66 ¥14.57 ¥16.23 59
Dividend Discount
Gordon GGM ¥7.90 ¥15.75 ¥23.85 70
DDM Multi-Stage ¥7.90 ¥13.61 ¥16.63 61
Multiples
P/E Multiple ¥38.71 ¥51.61 ¥64.51 63
P/S Multiple ¥29.91 ¥39.88 ¥49.85 58
P/B Multiple ¥29.91 ¥39.88 ¥49.85 55
EV/EBIT ¥19.69 ¥26.08 ¥32.47 53
EV/EBITDA ¥21.22 ¥28.13 ¥35.03 54
EV/Revenue ¥14.20 ¥20.07 ¥25.93 43
Asset-Based
NCAV (Graham) ¥8.66 ¥11.60 ¥17.32 50
Growth DCF
Growth DCF ¥13.30 ¥20.59 ¥31.54 80
Rev-Margin DCF ¥13.51 ¥21.94 ¥31.99 74
Economic Profit
Residual Income ¥16.44 ¥20.06 ¥42.67 76
ROIC Compounder ¥12.66 ¥14.57 ¥16.23 72
Growth Earnings
Growth-Adj P/E ¥26.46 ¥37.79 ¥49.13 68

Widest divergence: Growth Earnings (¥37.79) versus Asset-Based (¥11.60). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.4B CNY
Revenue growth (YoY) -2.1%
Net margin 10.1%
Return on equity 12.9%
Free cash flow 174M CNY FY2025
P/E ratio 13.6
More key figures
Operating margin 8.5%
EPS (TTM) ¥2.22
Dividend yield 3.0%
EPS growth (YoY) -21.7%
Net debt 179M CNY FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 39

Profitability 57
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 79
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 77
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

Jianmin Pharmaceutical Group Co.,Ltd. manufactures and sells traditional Chinese medicines and paediatric products in China. It provides over-the-counter, medical, and general health products in the form of capsules, granules, and gels under the Jianmin, Longmu, and Yekaitai brands. The company was founded in 1637 and is based in Wuhan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jianmin Pharmaceutical Group reported revenue of ¥3.4B in FY2025 versus ¥3.3B in FY2021, a compound +0.4%/yr. Reported net income was ¥360M in FY2025, compounding +4.2%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.4B CNY
Latest YoY
−4.4%
Avg. growth/yr (3Y)
−2.7%
Avg. growth/yr (5Y)
+6.4%
Avg. growth/yr (24Y)
+10.8%
Revenue +0.4%/yr
FY21 ¥3.3B
FY22 ¥3.6B
FY23 ¥4.2B
FY24 ¥3.5B
FY25 ¥3.4B
Net income +4.2%/yr
FY21 ¥305M
FY22 ¥408M
FY23 ¥521M
FY24 ¥362M
FY25 ¥360M

600976 screens 14% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Jianmin Pharmaceutical Group Fair Value". https://www.fairvalue-calculator.com/stock/600976

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 56 · Above median
Fair Value upside −14% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 3% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 9% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.01× · Lower than median

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

P/E (TTM) 13.6× · Cheaper than 75% of peers
P/B 1.74× · Cheaper than median
P/S (TTM) 1.38× · Cheaper than median
P/FCF 3.9× · Pricier than median
EV/EBITDA 17.8× · 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 15 · sector 7
FUTURE 0 · sector 20
PAST 51 · sector 23
HEALTH 99 · sector 97
DIVIDEND 60 · 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 9, 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 Jianmin Pharmaceutical Group (600976) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥25.98 versus a price of ¥30.15, about −14% (overvalued).
What is the fair value of 600976?
Our model-based fair value for Jianmin Pharmaceutical Group is ¥25.98 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥30.15.
What is the quality score of 600976?
Jianmin Pharmaceutical Group has a Quality Score of 56/100. 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 Jianmin Pharmaceutical Group (600976)?
Jianmin Pharmaceutical Group reported trailing-twelve-month revenue of about 3.4B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 600976?
The net profit margin of Jianmin Pharmaceutical Group is about 10.1%, meaning it keeps roughly 10.1% of revenue as net income. Based on the latest reported figures.
Does Jianmin Pharmaceutical Group pay a dividend?
Jianmin 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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