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JiangXi Tianxin Pharmaceutical Co (603235) Fair Value & Analysis

Consumer Defensive · CN · Market cap 10.4B CNY

JT JiangXi Tianxin Pharmaceutical Co 603235 · SHG
Price¥23.68
Fair Value¥17.25
Upside-27.2%
Quality59/100
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Weak Growth
Highly profitable · 22.0% net margin
Low debt · generates free cash flow
2.32% dividend yield
Mixed vs. peers (6/14)
Wide moat 69/100
Evidence: High Range ¥10.57 – ¥26.52 Share as image

Fair value as of: Aug 10, 2026

From 23 valuation models · updated today

Fair value updated Aug 10, 2026, revised from ¥18.70 to ¥17.25 (−7.8%) since Jul 11, 2026. Share price +1.8% over the past month.

A solid business, but screening 27% overvalued on our models.

What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥10.57 to ¥26.52) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

¥48.32 ¥18.62 Fair Value ¥17.25 Jul 2022 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

49‑month range ¥18.62 – ¥48.32 · fair‑value band ¥10.57 – ¥26.52 · the ¥23.68 price screens above the ¥17.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

JiangXi Tianxin Pharmaceutical Co (603235) currently trades at ¥23.68, while our model-based Fair Value estimate is ¥17.25, implying the stock looks roughly 27.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Defensive 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, JiangXi Tianxin Pharmaceutical Co generated revenue of 2.4B CNY at a net margin of 22.0%. Revenue grew 3.4% year over year. It earns a return on equity of 10.5%. The stock trades on a trailing P/E of 19.8. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥10.57 (bear case) to ¥26.52 (bull case); at ¥23.68, 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 21% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -27%, 603235 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
Growth DCF ¥4.11 ¥4.58 ¥5.21 80
Residual Income ¥10.41 ¥12.34 ¥24.80 76
Rev-Margin DCF ¥6.67 ¥9.22 ¥11.88 74
All 23 models by family
DCF Models
FCF DCF ¥4.07 ¥4.57 ¥5.27 38
Owner Earnings ¥7.74 ¥9.79 ¥12.69 31
5Y Revenue Exit ¥6.67 ¥9.25 ¥12.46 39
5Y EBITDA Exit ¥14.17 ¥22.48 ¥31.80 41
5Y P/E Exit ¥15.12 ¥24.14 ¥33.12 38
10Y Revenue Exit ¥5.52 ¥7.64 ¥10.31 36
10Y EBITDA Exit ¥10.35 ¥16.54 ¥24.29 37
10Y P/E Exit ¥10.94 ¥17.66 ¥25.24 35
Earnings-Based
Graham-Dodd ¥9.19 ¥20.32 ¥25.93 54
PEG = 1.0 ¥3.25 ¥4.65 ¥6.04 46
EPV ¥14.75 ¥16.72 ¥18.45 59
Multiples
P/E Multiple ¥21.28 ¥28.38 ¥35.47 63
P/S Multiple ¥6.43 ¥8.57 ¥10.71 58
P/B Multiple ¥17.23 ¥22.97 ¥28.72 55
EV/EBIT ¥22.98 ¥29.67 ¥36.36 53
EV/EBITDA ¥22.48 ¥29.01 ¥35.54 54
EV/Revenue ¥8.53 ¥10.94 ¥13.35 43
Asset-Based
NCAV (Graham) ¥5.62 ¥7.52 ¥11.23 50
Growth DCF
Growth DCF ¥4.11 ¥4.58 ¥5.21 80
Rev-Margin DCF ¥6.67 ¥9.22 ¥11.88 74
Economic Profit
Residual Income ¥10.41 ¥12.34 ¥24.80 76
ROIC Compounder ¥15.12 ¥17.86 ¥20.87 72
Growth Earnings
Growth-Adj P/E ¥15.84 ¥22.63 ¥29.41 68

Widest divergence: Multiples (¥22.97) versus Growth DCF (¥4.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.4B CNY
Revenue growth (YoY) +3.4%
Net margin 22.0%
Return on equity 10.5%
Free cash flow 48.7M CNY FY2025
P/E ratio 19.9
More key figures
Operating margin 29.0%
EPS (TTM) ¥1.19
Dividend yield 2.3%
EPS growth (YoY) -32.0%

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 46

Profitability 52
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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

JiangXi Tianxin Pharmaceutical Co., Ltd. produces and sells vitamins in China. The company offers products of vitamin B6, vitamin B1, Vitamin D3, pyridoxine hydrochloride CD grade, thiamine nitrate DC grade, folic acid, biotin, ascorbyl palmitate, vitamin E 500, a-acetyl-"-butyrolactone, and vitamin D3 for use as bulk pharmaceutical chemicals, API, food …

Full company description

JiangXi Tianxin Pharmaceutical Co., Ltd. produces and sells vitamins in China. The company offers products of vitamin B6, vitamin B1, Vitamin D3, pyridoxine hydrochloride CD grade, thiamine nitrate DC grade, folic acid, biotin, ascorbyl palmitate, vitamin E 500, a-acetyl-"-butyrolactone, and vitamin D3 for use as bulk pharmaceutical chemicals, API, food additives, and feed additives, as well as in other fields. JiangXi Tianxin Pharmaceutical Co., Ltd. was founded in 2004 and is based in Leping, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JiangXi Tianxin Pharmaceutical Co reported revenue of ¥2.3B in FY2025 versus ¥2.5B in FY2021, a compound −1.8%/yr. Reported net income was ¥592M in FY2025, compounding −5.6%/yr from FY2021.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.3B CNY
Latest YoY
+6.2%
Avg. growth/yr (3Y)
+0.6%
Avg. growth/yr (5Y)
+0.4%
Revenue −1.8%/yr
FY21 ¥2.5B
FY22 ¥2.3B
FY23 ¥1.9B
FY24 ¥2.2B
FY25 ¥2.3B
Net income −5.6%/yr
FY21 ¥744M
FY22 ¥622M
FY23 ¥476M
FY24 ¥651M
FY25 ¥592M

603235 screens 27% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "JiangXi Tianxin Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/603235

Peer Group

Packaged Foods · 653 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 59 · Above median
Fair Value upside −27% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 2.3% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 19.9× · Pricier than median
P/B 2.11× · Pricier than median
P/S (TTM) 4.38× · Pricier than 75% of peers
P/FCF 31.6× · Pricier than 75% of peers
EV/EBITDA 11.9× · 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 29
FUTURE 17 · sector 19
PAST 42 · sector 27
HEALTH 97 · sector 96
DIVIDEND 46 · sector 47

VALUE 0: the price sits above our fair-value range.

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is JiangXi Tianxin Pharmaceutical Co (603235) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥17.25 versus a price of ¥23.68, about −27% (overvalued).
What is the fair value of 603235?
Our model-based fair value for JiangXi Tianxin Pharmaceutical Co is ¥17.25 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥23.68.
What is the quality score of 603235?
JiangXi Tianxin Pharmaceutical Co has a Quality Score of 59/100. 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 JiangXi Tianxin Pharmaceutical Co (603235)?
JiangXi Tianxin Pharmaceutical Co reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 603235?
The net profit margin of JiangXi Tianxin Pharmaceutical Co is about 22.0%, meaning it keeps roughly 22.0% of revenue as net income. Based on the latest reported figures.
Does JiangXi Tianxin Pharmaceutical Co pay a dividend?
JiangXi Tianxin Pharmaceutical Co currently shows a dividend yield of about 2.39% 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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