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Gan & Lee Pharmaceuticals., a biopharmaceutical company, (603087) Fair Value & Analysis

Healthcare · CN · Market cap 41.6B CNY

GL Gan & Lee Pharmaceuticals., a biopharmaceutical company, 603087 · SHG
Price¥69.69
Fair Value¥27.22
Upside-60.9%
Quality61/100
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Expensive Growth
Highly profitable · 26.0% net margin
Low debt · negative free cash flow
1.47% dividend yield
Mixed vs. peers (6/13)
Moderate moat 63/100
Evidence: High Range ¥17.28 – ¥33.65 Share as image

Fair value as of: Aug 10, 2026

From 17 valuation models · updated today

Share price +10.9% over the past month.

A solid business, but screening 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥33.65). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥17.28 to ¥33.65) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥138.68 ¥30.97 Fair Value ¥27.22 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥30.97 – ¥138.68 · fair‑value band ¥17.28 – ¥33.65 · the ¥69.69 price screens above the ¥27.22 fair value. Dashed = 300-day average. As of Aug 10, 2026.

Full chart & analysis →

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Analysis

Gan & Lee Pharmaceuticals., a biopharmaceutical company, (603087) currently trades at ¥69.69, while our model-based Fair Value estimate is ¥27.22, implying the stock looks roughly 60.9% overvalued today. The Quality Score stands at 61/100 (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, Gan & Lee Pharmaceuticals., a biopharmaceutical company, generated revenue of 3.9B CNY at a net margin of 26.0%. Revenue declined 10.8% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of 899M CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥17.28 (bear case) to ¥33.65 (bull case); at ¥69.69, 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 15% below its 52-week high and 37% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -61%, 603087 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥17.10 ¥18.93 ¥28.18 76
ROIC Compounder ¥14.88 ¥16.78 ¥18.44 72
Gordon GGM ¥9.19 ¥19.10 ¥30.30 70
All 17 models by family
DCF Models
Owner Earnings ¥15.63 ¥27.50 ¥49.75 31
Earnings-Based
Graham-Dodd ¥13.02 ¥72.15 ¥100.15 54
Lynch FV ¥20.13 ¥28.76 ¥37.38 50
PEG = 1.0 ¥20.13 ¥28.76 ¥37.38 46
EPV ¥14.88 ¥16.78 ¥18.44 59
Dividend Discount
Gordon GGM ¥9.19 ¥19.10 ¥30.30 70
DDM Multi-Stage ¥9.19 ¥16.10 ¥20.04 61
Multiples
P/E Multiple ¥31.59 ¥42.12 ¥52.65 63
P/S Multiple ¥17.81 ¥23.74 ¥29.68 58
P/B Multiple ¥24.41 ¥32.55 ¥40.68 55
EV/EBIT ¥20.44 ¥26.08 ¥31.73 53
EV/EBITDA ¥22.78 ¥29.21 ¥35.64 54
EV/Revenue ¥15.59 ¥20.77 ¥25.95 43
Asset-Based
NCAV (Graham) ¥9.73 ¥13.04 ¥19.47 50
Economic Profit
Residual Income ¥17.10 ¥18.93 ¥28.18 76
ROIC Compounder ¥14.88 ¥16.78 ¥18.44 72
Growth Earnings
Growth-Adj P/E ¥31.04 ¥44.34 ¥57.64 68

Widest divergence: Growth Earnings (¥44.34) versus Asset-Based (¥13.04). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.9B CNY
Revenue growth (YoY) -10.8%
Net margin 26.0%
Return on equity 8.9%
Free cash flow −142M CNY FY2025
P/E ratio 40.3
More key figures
Operating margin 21.9%
EPS (TTM) ¥1.73
Dividend yield 1.5%
EPS growth (YoY) -37.7%
Net cash 899M CNY FY2024

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 57

Profitability 53
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 66
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

Gan & Lee Pharmaceuticals., a biopharmaceutical company, engages in the research, development, production, and sale of insulin analog active pharmaceutical ingredients (APIs) and injections in China.

Full company description

Gan & Lee Pharmaceuticals., a biopharmaceutical company, engages in the research, development, production, and sale of insulin analog active pharmaceutical ingredients (APIs) and injections in China. Its products include Basalin, an insulin glargine injection; Prandilin, an insulin lispro injection; Prandilin 25, an insulin lispro mix 75/25 injection; Rapilin, an insulin aspart injection; Rapilin 30, an insulin aspart 30 injection; and Similin 30, a mixed protamine human insulin injection. The company also offers GanleePen, an insulin injection device; GanleeFine, an insulin pen needle; and other medical devices. The company was formerly known as Beijing Gan & Lee Biotechnology Co., Ltd. and changed its name to Gan & Lee Pharmaceuticals. in April 2005. Gan & Lee Pharmaceuticals. was founded in 1998 and is headquartered in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gan & Lee Pharmaceuticals., a biopharmaceutical company, reported revenue of ¥4.1B in FY2025 versus ¥3.6B in FY2021, a compound +2.9%/yr. Reported net income was ¥1.1B in FY2025, compounding −5.8%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.1B CNY
Latest YoY
+33.1%
Avg. growth/yr (3Y)
+33.3%
Avg. growth/yr (5Y)
+3.8%
Avg. growth/yr (12Y)
+15.9%
Revenue +2.9%/yr
FY21 ¥3.6B
FY22 ¥1.7B
FY23 ¥2.6B
FY24 ¥3.0B
FY25 ¥4.1B
Net income −5.8%/yr
FY21 ¥1.5B
FY22 −¥440M
FY23 ¥340M
FY24 ¥615M
FY25 ¥1.1B

603087 screens 61% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Gan & Lee Pharmaceuticals., a biopharmaceutical company, Fair Value". https://www.fairvalue-calculator.com/stock/603087

Peer Group

Medical Instruments & Supplies · 203 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 61 · Above median
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 1.5% · Below median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 40.3× · Pricier than median
P/B 3.58× · Pricier than 75% of peers
P/S (TTM) 10.55× · Pricier than 75% of peers
EV/EBITDA 38.2× · Pricier than 75% of peers

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 0
FUTURE 0 · sector 27
PAST 35 · sector 25
HEALTH 100 · sector 96
DIVIDEND 29 · sector 32

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 Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Gan & Lee Pharmaceuticals., a biopharmaceutical company, (603087) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥27.22 versus a price of ¥69.69, about −61% (overvalued).
What is the fair value of 603087?
Our model-based fair value for Gan & Lee Pharmaceuticals., a biopharmaceutical company, is ¥27.22 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥69.69.
What is the quality score of 603087?
Gan & Lee Pharmaceuticals., a biopharmaceutical company, has a Quality Score of 61/100. 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 Gan & Lee Pharmaceuticals., a biopharmaceutical company, (603087)?
Gan & Lee Pharmaceuticals., a biopharmaceutical company, reported trailing-twelve-month revenue of about 3.9B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603087?
The net profit margin of Gan & Lee Pharmaceuticals., a biopharmaceutical company, is about 26.0%, meaning it keeps roughly 26.0% of revenue as net income. Based on the latest reported figures.
Does Gan & Lee Pharmaceuticals., a biopharmaceutical company, pay a dividend?
Gan & Lee Pharmaceuticals., a biopharmaceutical company, currently shows a dividend yield of about 1.80% relative to its recent price (as of Aug 10, 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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