EN DE

DaShenLin Pharmaceutical Group (603233) Fair Value & Analysis

Healthcare · CN · Market cap 19.1B CNY

DP DaShenLin Pharmaceutical Group 603233 · SHG
Price¥17.51
Fair Value¥23.86
Upside+36.3%
Quality67/100
Watch DaShenLin Pharmaceutical Group for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
4.83% dividend yield
Ranks above peers (11/14)
Moderate moat 45/100
Evidence: Medium Range ¥17.90 – ¥29.83 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price −1.7% over the past month.

A solid business, screening 36% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥17.90). The market is more pessimistic than our downside scenario.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥53.19 ¥12.01 Fair Value ¥23.86 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range ¥12.01 – ¥53.19 · fair‑value band ¥17.90 – ¥29.83 · the ¥17.51 price screens below the ¥23.86 fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

DaShenLin Pharmaceutical Group (603233) currently trades at ¥17.51, while our model-based Fair Value estimate is ¥23.86, implying the stock looks roughly 36.3% undervalued today. The Quality Score stands at 67/100 (solid 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: medium), always confirm before acting.

Over the trailing twelve months, DaShenLin Pharmaceutical Group generated revenue of 27.5B CNY at a net margin of 4.7%. Revenue grew 0.2% year over year. It earns a return on equity of 15.8%. Net debt stands at 104M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥17.90 (bear case) to ¥29.83 (bull case); at ¥17.51, the current price sits below 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 20% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -15% fair-value upside, at 36%, 603233 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 ¥64.88 ¥126.81 ¥225.15 80
Residual Income ¥7.08 ¥8.87 ¥21.64 76
Rev-Margin DCF ¥35.61 ¥54.70 ¥81.37 74
All 26 models by family
DCF Models
FCF DCF ¥66.61 ¥118.45 ¥249.77 38
Owner Earnings ¥34.26 ¥64.70 ¥123.47 31
5Y Revenue Exit ¥35.61 ¥54.81 ¥80.61 39
5Y EBITDA Exit ¥46.06 ¥78.08 ¥119.67 41
5Y P/E Exit ¥35.58 ¥54.75 ¥77.05 38
10Y Revenue Exit ¥44.40 ¥67.34 ¥103.07 36
10Y EBITDA Exit ¥52.19 ¥85.18 ¥138.36 37
10Y P/E Exit ¥45.01 ¥67.29 ¥99.85 35
Earnings-Based
Graham-Dodd ¥7.38 ¥43.59 ¥60.71 54
Lynch FV ¥12.38 ¥17.68 ¥22.98 50
PEG = 1.0 ¥12.38 ¥17.68 ¥22.98 46
EPV ¥19.82 ¥22.24 ¥24.36 59
Dividend Discount
Gordon GGM ¥6.31 ¥13.11 ¥20.80 70
DDM Multi-Stage ¥6.31 ¥11.06 ¥13.76 61
Multiples
P/E Multiple ¥17.90 ¥23.86 ¥29.83 63
P/S Multiple ¥13.83 ¥18.44 ¥23.05 58
P/B Multiple ¥13.83 ¥18.44 ¥23.05 55
EV/EBIT ¥28.77 ¥36.58 ¥44.40 53
EV/EBITDA ¥38.89 ¥50.09 ¥61.28 54
EV/Revenue ¥22.05 ¥29.23 ¥36.40 43
Asset-Based
NCAV (Graham) ¥3.23 ¥4.33 ¥6.47 50
Growth DCF
Growth DCF ¥64.88 ¥126.81 ¥225.15 80
Rev-Margin DCF ¥35.61 ¥54.70 ¥81.37 74
Economic Profit
Residual Income ¥7.08 ¥8.87 ¥21.64 76
ROIC Compounder ¥20.69 ¥24.32 ¥28.30 72
Growth Earnings
Growth-Adj P/E ¥18.51 ¥26.45 ¥34.38 68

Widest divergence: DCF Models (¥67.29) versus Asset-Based (¥4.33). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 27.5B CNY
Revenue growth (YoY) +0.2%
Net margin 4.7%
Return on equity 15.8%
Free cash flow 4.9B CNY FY2025
P/E ratio 14.8
More key figures
Operating margin 10.5%
EPS (TTM) ¥1.13
Dividend yield 4.8%
EPS growth (YoY) +12.5%
Net debt 104M CNY FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 50

Profitability 55
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 36
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

DaShenLin Pharmaceutical Group Co., Ltd. manufactures, distributes, and retails pharmaceutical products in China. It offers Chinese and Western patent medicines, ginseng and antler tonic medicinal materials, Chinese herbal medicine slices, health products, medical devices, and other commodities.

Full company description

DaShenLin Pharmaceutical Group Co., Ltd. manufactures, distributes, and retails pharmaceutical products in China. It offers Chinese and Western patent medicines, ginseng and antler tonic medicinal materials, Chinese herbal medicine slices, health products, medical devices, and other commodities. The company was incorporated in 1999 and is based in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DaShenLin Pharmaceutical Group reported revenue of ¥27.5B in FY2025 versus ¥16.8B in FY2021, a compound +13.2%/yr. Reported net income was ¥1.2B in FY2025, compounding +11.8%/yr from FY2021.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
27.5B CNY
Latest YoY
+3.8%
Avg. growth/yr (3Y)
+9.0%
Avg. growth/yr (5Y)
+13.5%
Avg. growth/yr (13Y)
+17.8%
Revenue +13.2%/yr
FY21 ¥16.8B
FY22 ¥21.2B
FY23 ¥24.5B
FY24 ¥26.5B
FY25 ¥27.5B
Net income +11.8%/yr
FY21 ¥791M
FY22 ¥1.0B
FY23 ¥1.2B
FY24 ¥915M
FY25 ¥1.2B

Watch 603233: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "DaShenLin Pharmaceutical Group Fair Value". https://www.fairvalue-calculator.com/stock/603233

Peer Group

Pharmaceutical Retailers · 61 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 67 · Top 25%
Fair Value upside +36% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 5% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Pharmaceutical Retailers median · lower = cheaper

P/E (TTM) 14.8× · Cheaper than 75% of peers
P/B 2.59× · Pricier than median
P/S (TTM) 0.69× · Pricier than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 5.6× · Cheaper 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 82 · sector 21
FUTURE 1 · sector 19
PAST 63 · sector 19
HEALTH 97 · sector 97
DIVIDEND 97 · sector 66

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 Pharmaceutical Retailers stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
JD Health International Inc 6618 HK$39.20 HK$33.28 -15%
Raia Drogasil S.A RADL3 R$18.20 R$15.58 -14%
Yifeng Pharmacy Chain Co 603939 ¥20.24 ¥29.07 +44%
Corporativo Fragua, S.A. FRAGUAB 463.00 MXN 821.18 MXN +77%
LBX Pharmacy Chain Joint Stock Company 603883 ¥11.51 ¥10.57 -8%
MedPlus Health Services Limited MEDPLUS ₹690.20 ₹379.25 -45%
Yixintang Pharmaceutical Group 002727 ¥11.46 ¥9.45 -18%
Anhui Huaren Health Pharmaceutical Co 301408 ¥14.40 ¥10.05 -30%
Apotea AB APOTEA kr 74.75 kr 43.95 -41%
ShuYu Civilian Pharmacy Corp 301017 ¥13.34 ¥5.91 -56%

Compare DaShenLin Pharmaceutical Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is DaShenLin Pharmaceutical Group (603233) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥23.86 versus a price of ¥17.51, about +36% (undervalued).
What is the fair value of 603233?
Our model-based fair value for DaShenLin Pharmaceutical Group is ¥23.86 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥17.51.
What is the quality score of 603233?
DaShenLin Pharmaceutical Group has a Quality Score of 67/100. 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 DaShenLin Pharmaceutical Group (603233)?
DaShenLin Pharmaceutical Group reported trailing-twelve-month revenue of about 27.5B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603233?
The net profit margin of DaShenLin Pharmaceutical Group is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does DaShenLin Pharmaceutical Group pay a dividend?
DaShenLin Pharmaceutical Group currently shows a dividend yield of about 4.83% relative to its recent price (as of Jul 11, 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.

14 days Pro free · no card

Track DaShenLin Pharmaceutical Group and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.