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Qingdao Vland Biotech INC. (603739) Fair Value & Analysis

Healthcare · CN · Market cap 3.1B CNY

QV Qingdao Vland Biotech INC. 603739 · SHG
Price¥12.24
Fair Value¥6.07
Upside-50.4%
Quality55/100
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Mixed Growth
Thin margins · 5.6% net margin
Low debt · generates free cash flow
0.80% dividend yield
Ranks above peers (9/14)
Narrow moat 33/100
Evidence: Medium Range ¥3.95 – ¥7.59 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price +3.3% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.59). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥3.95 to ¥7.59) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥20.40 ¥8.17 Fair Value ¥6.07 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 ¥8.17 – ¥20.40 · fair‑value band ¥3.95 – ¥7.59 · the ¥12.24 price screens above the ¥6.07 fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Qingdao Vland Biotech INC. (603739) currently trades at ¥12.24, while our model-based Fair Value estimate is ¥6.07, implying the stock looks roughly 50.4% overvalued today. The Quality Score stands at 55/100 (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, Qingdao Vland Biotech INC. generated revenue of 1.4B CNY at a net margin of 5.6%. Revenue grew 11.2% year over year. It earns a return on equity of 5.6%. Net debt stands at 399M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.95 (bear case) to ¥7.59 (bull case); at ¥12.24, 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 34% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -50%, 603739 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ¥2.17 ¥2.78 ¥3.60 80
Residual Income ¥5.19 ¥5.16 ¥4.59 76
Rev-Margin DCF ¥4.13 ¥6.55 ¥9.24 74
All 26 models by family
DCF Models
FCF DCF ¥2.14 ¥2.82 ¥3.79 38
Owner Earnings ¥5.16 ¥7.29 ¥10.32 31
5Y Revenue Exit ¥4.13 ¥6.60 ¥9.74 39
5Y EBITDA Exit ¥7.06 ¥11.96 ¥17.65 41
5Y P/E Exit ¥3.79 ¥5.97 ¥8.22 38
10Y Revenue Exit ¥3.22 ¥5.25 ¥7.97 36
10Y EBITDA Exit ¥5.17 ¥8.85 ¥13.76 37
10Y P/E Exit ¥3.15 ¥4.83 ¥6.85 35
Earnings-Based
Graham-Dodd ¥1.88 ¥5.28 ¥6.95 54
Lynch FV ¥1.07 ¥1.53 ¥1.99 50
PEG = 1.0 ¥1.07 ¥1.53 ¥1.99 46
EPV ¥4.42 ¥5.01 ¥5.51 59
Dividend Discount
Gordon GGM ¥1.49 ¥2.97 ¥4.50 70
DDM Multi-Stage ¥1.49 ¥2.33 ¥3.14 61
Multiples
P/E Multiple ¥4.55 ¥6.07 ¥7.59 63
P/S Multiple ¥3.52 ¥4.69 ¥5.86 58
P/B Multiple ¥3.52 ¥4.69 ¥5.86 55
EV/EBIT ¥7.48 ¥9.74 ¥11.99 53
EV/EBITDA ¥11.13 ¥14.60 ¥18.06 54
EV/Revenue ¥5.55 ¥7.62 ¥9.68 43
Asset-Based
NCAV (Graham) ¥3.52 ¥4.72 ¥7.04 50
Growth DCF
Growth DCF ¥2.17 ¥2.78 ¥3.60 80
Rev-Margin DCF ¥4.13 ¥6.55 ¥9.24 74
Economic Profit
Residual Income ¥5.19 ¥5.16 ¥4.59 76
ROIC Compounder ¥4.42 ¥5.01 ¥5.51 72
Growth Earnings
Growth-Adj P/E ¥3.62 ¥5.18 ¥6.73 68

Widest divergence: Multiples (¥6.07) versus Earnings-Based (¥1.53). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) +11.2%
Net margin 5.6%
Return on equity 5.6%
Free cash flow 33.9M CNY FY2025
P/E ratio 40.0
More key figures
Operating margin 8.3%
EPS (TTM) ¥0.3100
Dividend yield 0.8%
EPS growth (YoY) +75.0%
Net debt 399M CNY FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 35

Profitability 30
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 80
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

Qingdao Vland Biotech INC. engages in the research and development, production, and sale of enzyme preparations, microecological preparations, and animal health products in China and internationally. It offers feed, industrial, and food enzymes; and probiotics, including aquaculture premixes, health products, and animal and plant probiotics.

Full company description

Qingdao Vland Biotech INC. engages in the research and development, production, and sale of enzyme preparations, microecological preparations, and animal health products in China and internationally. It offers feed, industrial, and food enzymes; and probiotics, including aquaculture premixes, health products, and animal and plant probiotics. The company also offers animal vaccines and biological products, such as live and inactivated, and poultry and swine vaccines, as well as egg yolk antibodies; poultry drugs comprising anti-parastic, antiviral, and nutritional drugs, as well as disinfectants; and traditional Chinese veterinary medicines for scale and avian breeding, livestock, and laying hens. It serves agriculture, animal husbandry, textile, pulp and paper, health care, laundry, biofuel, household cleaning and detergents, food, animal feed, biofuel, environmental protection, washing, and other industries. Qingdao Vland Biotech INC. was incorporated in 2005 and is headquartered in Qingdao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Vland Biotech INC. reported revenue of ¥1.4B in FY2025 versus ¥1.2B in FY2021, a compound +4.4%/yr. Reported net income was ¥69.8M in FY2025, compounding −14.8%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.4B CNY
Latest YoY
+3.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.9%
Revenue +4.4%/yr
FY21 ¥1.2B
FY22 ¥1.2B
FY23 ¥1.2B
FY24 ¥1.3B
FY25 ¥1.4B
Net income −14.8%/yr
FY21 ¥133M
FY22 ¥69.8M
FY23 ¥80.7M
FY24 ¥62.6M
FY25 ¥69.8M
Character of growth · EPS growth decomposed (2014-2024) −3.6 % p.a.
Revenue per share +0.6 pp

of which total revenue +6.1 pp · buybacks/dilution −5.5 pp

EBIT margin +2.4 pp
Tax rate +0.1 pp
Residual (interest, one-offs) −6.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

603739 screens 50% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Qingdao Vland Biotech INC. Fair Value". https://www.fairvalue-calculator.com/stock/603739

Peer Group

Biotechnology · 601 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 55 · Above median
Fair Value upside −50% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 2% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 40.0× · Pricier than median
P/B 1.76× · Pricier than median
P/S (TTM) 2.24× · Cheaper than median
P/FCF 13.7× · Pricier than median
EV/EBITDA 14.4× · 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 0 · sector 0
FUTURE 56 · sector 0
PAST 22 · sector 0
HEALTH 98 · sector 98
DIVIDEND 16 · 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 12, 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 Qingdao Vland Biotech INC. (603739) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥6.07 versus a price of ¥12.24, about −50% (overvalued).
What is the fair value of 603739?
Our model-based fair value for Qingdao Vland Biotech INC. is ¥6.07 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥12.24.
What is the quality score of 603739?
Qingdao Vland Biotech INC. has a Quality Score of 55/100. 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 Qingdao Vland Biotech INC. (603739)?
Qingdao Vland Biotech INC. reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 603739?
The net profit margin of Qingdao Vland Biotech INC. is about 5.6%, meaning it keeps roughly 5.6% of revenue as net income. Based on the latest reported figures.
Does Qingdao Vland Biotech INC. pay a dividend?
Qingdao Vland Biotech INC. currently shows a dividend yield of about 0.80% 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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