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Tibet Weixinkang Medicine Co (603676) Fair Value & Analysis

Healthcare · CN · Market cap 3.9B CNY

TW Tibet Weixinkang Medicine Co 603676 · SHG
Price¥9.08
Fair Value¥7.48
Upside-17.6%
Quality67/100
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Mixed Growth
Solidly profitable · 18.6% net margin
generates free cash flow
3.65% dividend yield
Ranks above peers (9/13)
Wide moat 65/100
Evidence: High Range ¥4.65 – ¥11.09 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price +3.4% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥4.65 to ¥11.09) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥16.85 ¥6.67 Fair Value ¥7.48 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥6.67 – ¥16.85 · fair‑value band ¥4.65 – ¥11.09 · the ¥9.08 price screens above the ¥7.48 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Tibet Weixinkang Medicine Co (603676) currently trades at ¥9.08, while our model-based Fair Value estimate is ¥7.48, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 67/100 (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, Tibet Weixinkang Medicine Co generated revenue of 1.2B CNY at a net margin of 18.6%. Revenue grew 8.9% year over year. It earns a return on equity of 14.4%. The balance sheet holds a net cash position of 211M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥4.65 (bear case) to ¥11.09 (bull case); at ¥9.08, 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 39% below its 52-week high and 10% 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 -18%, 603676 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
Residual Income ¥3.42 ¥4.24 ¥8.40 76
Growth DCF ¥3.00 ¥4.07 ¥5.53 72
Gordon GGM ¥3.30 ¥6.57 ¥9.95 70
All 26 models by family
DCF Models
FCF DCF ¥2.96 ¥4.16 ¥5.88 38
Owner Earnings ¥5.34 ¥7.71 ¥11.10 31
5Y Revenue Exit ¥4.65 ¥7.48 ¥11.09 39
5Y EBITDA Exit ¥5.58 ¥9.20 ¥13.39 41
5Y P/E Exit ¥6.34 ¥10.58 ¥15.00 38
10Y Revenue Exit ¥3.82 ¥6.21 ¥9.39 36
10Y EBITDA Exit ¥4.56 ¥7.37 ¥11.08 37
10Y P/E Exit ¥5.02 ¥8.30 ¥12.26 35
Earnings-Based
Graham-Dodd ¥3.64 ¥10.41 ¥13.73 54
Lynch FV ¥2.14 ¥3.05 ¥3.97 50
PEG = 1.0 ¥2.14 ¥3.05 ¥3.97 46
EPV ¥5.27 ¥6.02 ¥6.68 59
Dividend Discount
Gordon GGM ¥3.30 ¥6.57 ¥9.95 70
DDM Multi-Stage ¥3.30 ¥5.17 ¥6.94 61
Multiples
P/E Multiple ¥8.83 ¥11.77 ¥14.72 63
P/S Multiple ¥6.82 ¥9.10 ¥11.37 58
P/B Multiple ¥6.82 ¥9.10 ¥11.37 55
EV/EBIT ¥8.09 ¥10.62 ¥13.15 53
EV/EBITDA ¥7.97 ¥10.47 ¥12.96 54
EV/Revenue ¥5.91 ¥8.24 ¥10.56 43
Asset-Based
NCAV (Graham) ¥1.70 ¥2.27 ¥3.39 50
Growth DCF
Growth DCF ¥3.00 ¥4.07 ¥5.53 72
Rev-Margin DCF ¥4.65 ¥7.44 ¥10.56 67
Economic Profit
Residual Income ¥3.42 ¥4.24 ¥8.40 76
ROIC Compounder ¥5.54 ¥6.76 ¥8.14 67
Growth Earnings
Growth-Adj P/E ¥7.07 ¥10.09 ¥13.12 68

Widest divergence: Growth Earnings (¥10.09) versus Asset-Based (¥2.27). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) +8.9%
Net margin 18.6%
Return on equity 14.4%
Free cash flow 102M CNY FY2025
P/E ratio 17.7
More key figures
Operating margin 24.0%
EPS (TTM) ¥0.5000
Dividend yield 3.7%
EPS growth (YoY) -20.0%
Net cash 211M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 65 · Market factors (momentum, volatility) 33

Profitability 65
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Tibet Weixinkang Medicine Co., Ltd. engages in the research and development, production, and sale of chemical drugs and their bulk drugs in China.

Full company description

Tibet Weixinkang Medicine Co., Ltd. engages in the research and development, production, and sale of chemical drugs and their bulk drugs in China. The company offers parenteral nutrition vitamins; electrolyte supplements; intravenous iron, trace, electrolytes, and amino acids supplements; antibiotics; acetylcysteine solution for inhalation; medicine for liver diseases; and other special fields. It also offers injection multivitamins, potassium magnesium aspartate for injection, iron sucrose injection, potassium aspartate injection, etc. The company was formerly known as Weixinkang Medicine Youxian Gongsi and changed its name to Tibet Weixinkang Medicine Co., Ltd. in 2015. Tibet Weixinkang Medicine Co., Ltd. was founded in 2002 and is based in Lhasa, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tibet Weixinkang Medicine Co reported revenue of ¥1.1B in FY2025 versus ¥1.0B in FY2021, a compound +2.4%/yr. Reported net income was ¥233M in FY2025, compounding +24.8%/yr from FY2021.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.1B CNY
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+11.9%
Avg. growth/yr (11Y)
+12.9%
Revenue +2.4%/yr
FY21 ¥1.0B
FY22 ¥1.4B
FY23 ¥1.3B
FY24 ¥1.3B
FY25 ¥1.1B
Net income +24.8%/yr
FY21 ¥95.9M
FY22 ¥177M
FY23 ¥214M
FY24 ¥246M
FY25 ¥233M

603676 screens 18% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Tibet Weixinkang Medicine Co Fair Value". https://www.fairvalue-calculator.com/stock/603676

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 67 · Top 25%
Fair Value upside −18% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 3.7% · Top 25%

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

P/E (TTM) 17.7× · Cheaper than median
P/B 2.61× · Pricier than median
P/S (TTM) 3.32× · Pricier than median
P/FCF 5.6× · Pricier than median
EV/EBITDA 14.5× · 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 10 · sector 7
FUTURE 45 · sector 20
PAST 58 · sector 23
HEALTH 0 · sector 97
DIVIDEND 73 · sector 34

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 Jul 12, 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 Tibet Weixinkang Medicine Co (603676) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥7.48 versus a price of ¥9.08, about −18% (overvalued).
What is the fair value of 603676?
Our model-based fair value for Tibet Weixinkang Medicine Co is ¥7.48 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥9.08.
What is the quality score of 603676?
Tibet Weixinkang Medicine Co 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 Tibet Weixinkang Medicine Co (603676)?
Tibet Weixinkang Medicine Co reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603676?
The net profit margin of Tibet Weixinkang Medicine Co is about 18.6%, meaning it keeps roughly 18.6% of revenue as net income. Based on the latest reported figures.
Does Tibet Weixinkang Medicine Co pay a dividend?
Tibet Weixinkang Medicine Co currently shows a dividend yield of about 3.65% relative to its recent price (as of Jul 12, 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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