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Beijing Konruns Pharmaceutical Co (603590) Fair Value & Analysis

Healthcare · CN · Market cap 4.7B CNY

BK Beijing Konruns Pharmaceutical Co 603590 · SHG
Price¥32.94
Fair Value¥17.57
Upside-46.7%
Quality60/100
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Mixed Growth
Solidly profitable · 18.4% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Moderate moat 60/100
Evidence: Medium Range ¥14.39 – ¥25.77 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price +5.1% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥25.77). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥65.00 ¥20.15 Fair Value ¥17.57 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 ¥20.15 – ¥65.00 · fair‑value band ¥14.39 – ¥25.77 · the ¥32.94 price screens above the ¥17.57 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Beijing Konruns Pharmaceutical Co (603590) currently trades at ¥32.94, while our model-based Fair Value estimate is ¥17.57, implying the stock looks roughly 46.7% overvalued today. The Quality Score stands at 60/100 (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: medium).

Over the trailing twelve months, Beijing Konruns Pharmaceutical Co generated revenue of 918M CNY at a net margin of 18.4%. Revenue grew 1.4% year over year. It earns a return on equity of 4.9%. Net debt stands at 11.6M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥14.39 (bear case) to ¥25.77 (bull case); at ¥32.94, 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 52% 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 -43% fair-value upside, at -47%, 603590 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 ¥6.07 ¥8.10 ¥10.92 80
Residual Income ¥15.43 ¥15.70 ¥15.04 76
Rev-Margin DCF ¥10.24 ¥16.47 ¥23.65 74
All 26 models by family
DCF Models
FCF DCF ¥6.02 ¥8.35 ¥11.80 38
Owner Earnings ¥11.96 ¥17.53 ¥25.78 31
5Y Revenue Exit ¥10.24 ¥16.60 ¥24.89 39
5Y EBITDA Exit ¥12.14 ¥20.19 ¥29.74 41
5Y P/E Exit ¥13.12 ¥22.04 ¥31.55 38
10Y Revenue Exit ¥8.28 ¥13.64 ¥21.12 36
10Y EBITDA Exit ¥9.81 ¥16.09 ¥24.76 37
10Y P/E Exit ¥10.42 ¥17.35 ¥26.13 35
Earnings-Based
Graham-Dodd ¥7.10 ¥23.08 ¥30.83 54
Lynch FV ¥5.16 ¥7.37 ¥9.58 50
PEG = 1.0 ¥5.16 ¥7.37 ¥9.58 46
EPV ¥11.97 ¥13.58 ¥14.97 59
Dividend Discount
Gordon GGM ¥5.66 ¥11.27 ¥17.06 70
DDM Multi-Stage ¥5.66 ¥9.37 ¥11.90 61
Multiples
P/E Multiple ¥17.22 ¥22.96 ¥28.70 63
P/S Multiple ¥13.31 ¥17.74 ¥22.18 58
P/B Multiple ¥13.31 ¥17.74 ¥22.18 55
EV/EBIT ¥17.67 ¥22.98 ¥28.29 53
EV/EBITDA ¥17.26 ¥22.43 ¥27.60 54
EV/Revenue ¥13.11 ¥17.99 ¥22.86 43
Asset-Based
NCAV (Graham) ¥10.10 ¥13.53 ¥20.20 50
Growth DCF
Growth DCF ¥6.07 ¥8.10 ¥10.92 80
Rev-Margin DCF ¥10.24 ¥16.47 ¥23.65 74
Economic Profit
Residual Income ¥15.43 ¥15.70 ¥15.04 76
ROIC Compounder ¥11.97 ¥13.58 ¥14.97 72
Growth Earnings
Growth-Adj P/E ¥14.39 ¥20.55 ¥26.72 68

Widest divergence: Growth Earnings (¥20.55) versus Earnings-Based (¥7.37). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 918M CNY
Revenue growth (YoY) +1.4%
Net margin 18.4%
Return on equity 4.9%
Free cash flow 62.2M CNY FY2025
P/E ratio 28.1
More key figures
Operating margin 27.8%
EPS (TTM) ¥1.06
EPS growth (YoY) +7.1%
Net debt 11.6M CNY FY2024

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 57 · Market factors (momentum, volatility) 29

Profitability 37
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 71
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

Beijing Konruns Pharmaceutical Co.,Ltd. engages in the research and development, production, and sale of pharmaceuticals in China and internationally. The company offers agkistrodon acutus hemocoagulase under Suling trade name, a single-component hemocoagulase clinical hemostatic drug for surgical operations.

Full company description

Beijing Konruns Pharmaceutical Co.,Ltd. engages in the research and development, production, and sale of pharmaceuticals in China and internationally. The company offers agkistrodon acutus hemocoagulase under Suling trade name, a single-component hemocoagulase clinical hemostatic drug for surgical operations. It is also involved in the development of drug candidates, including ZY5301 that is in phase 3 clinical trials for the treatment of chronic pelvic pain in sequelae of pelvic inflammatory disease; and KC1036, which is in phase 2 clinical trial for the treatment of solid tumors. The company was founded in 2003 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Konruns Pharmaceutical Co reported revenue of ¥915M in FY2025 versus ¥810M in FY2021, a compound +3.1%/yr. Reported net income was ¥166M in FY2025, compounding +2.9%/yr from FY2021.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
915M CNY
Latest YoY
+10.9%
Avg. growth/yr (3Y)
+1.8%
Avg. growth/yr (5Y)
+2.5%
Avg. growth/yr (12Y)
+11.4%
Revenue +3.1%/yr
FY21 ¥810M
FY22 ¥867M
FY23 ¥920M
FY24 ¥825M
FY25 ¥915M
Net income +2.9%/yr
FY21 ¥148M
FY22 ¥101M
FY23 ¥150M
FY24 ¥42.2M
FY25 ¥166M

603590 screens 47% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Beijing Konruns Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/603590

Peer Group

Biotechnology · 603 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 60 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 28% · Top 25%
Revenue growth 1% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 28.1× · Pricier than median
P/B 1.47× · Cheaper than median
P/S (TTM) 5.16× · Pricier than median
P/FCF 11.3× · Pricier than median
EV/EBITDA 20.6× · 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 0
FUTURE 7 · sector 0
PAST 20 · sector 0
HEALTH 99 · sector 97
DIVIDEND 0 · sector 23

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

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Beijing Konruns Pharmaceutical Co (603590) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥17.57 versus a price of ¥32.94, about −47% (overvalued).
What is the fair value of 603590?
Our model-based fair value for Beijing Konruns Pharmaceutical Co is ¥17.57 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥32.94.
What is the quality score of 603590?
Beijing Konruns Pharmaceutical Co has a Quality Score of 60/100. 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 Beijing Konruns Pharmaceutical Co (603590)?
Beijing Konruns Pharmaceutical Co reported trailing-twelve-month revenue of about 918M CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603590?
The net profit margin of Beijing Konruns Pharmaceutical Co is about 18.4%, meaning it keeps roughly 18.4% of revenue as net income. Based on the latest reported figures.

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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