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Shaanxi Meibang Pharmaceutical Group (605033) Fair Value & Analysis

Basic Materials · CN · Market cap 2.6B CNY

SM Shaanxi Meibang Pharmaceutical Group 605033 · SHG
Price¥19.60
Fair Value¥6.12
Upside-68.8%
Quality56/100
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Expensive Growth
Thin margins · 6.5% net margin
Low debt · generates free cash flow
0.56% dividend yield
Trails peers (3/14)
Narrow moat 33/100
Evidence: High Range ¥4.59 – ¥7.65 Share as image

Fair value as of: Aug 11, 2026

From 25 valuation models · updated today

Share price +12.8% over the past month.

A solid business, but screening 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥7.65). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥31.37 ¥9.81 Fair Value ¥6.12 Sep 2021 Aug 2026

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

How to read this chart

59‑month range ¥9.81 – ¥31.37 · fair‑value band ¥4.59 – ¥7.65 · the ¥19.60 price screens above the ¥6.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Shaanxi Meibang Pharmaceutical Group (605033) currently trades at ¥19.60, while our model-based Fair Value estimate is ¥6.12, implying the stock looks roughly 68.8% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials 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, Shaanxi Meibang Pharmaceutical Group generated revenue of 959M CNY at a net margin of 5.7%. Revenue grew 16.2% year over year. It earns a return on equity of 4.6%. The balance sheet holds a net cash position of 196M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥4.59 (bear case) to ¥7.65 (bull case); at ¥19.60, 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 43% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -13% fair-value upside, at -69%, 605033 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 ¥5.28 ¥7.51 ¥10.91 80
Residual Income ¥6.32 ¥6.29 ¥5.68 76
Rev-Margin DCF ¥5.55 ¥8.30 ¥11.63 74
All 25 models by family
DCF Models
FCF DCF ¥5.26 ¥7.60 ¥11.23 38
5Y Revenue Exit ¥5.55 ¥8.34 ¥12.01 39
5Y EBITDA Exit ¥5.98 ¥9.18 ¥13.03 41
5Y P/E Exit ¥5.50 ¥8.25 ¥11.23 38
10Y Revenue Exit ¥5.27 ¥7.80 ¥11.40 36
10Y EBITDA Exit ¥5.68 ¥8.38 ¥12.20 37
10Y P/E Exit ¥5.38 ¥7.73 ¥10.80 35
Earnings-Based
Graham-Dodd ¥2.45 ¥9.19 ¥12.42 54
Lynch FV ¥2.22 ¥3.17 ¥4.12 50
PEG = 1.0 ¥2.22 ¥3.17 ¥4.12 46
EPV ¥5.42 ¥6.04 ¥6.57 59
Dividend Discount
Gordon GGM ¥1.57 ¥3.12 ¥4.72 70
DDM Multi-Stage ¥1.57 ¥2.70 ¥3.29 61
Multiples
P/E Multiple ¥4.59 ¥6.12 ¥7.65 63
P/S Multiple ¥4.59 ¥6.12 ¥7.65 58
P/B Multiple ¥4.59 ¥6.12 ¥7.65 55
EV/EBIT ¥6.53 ¥8.21 ¥9.88 53
EV/EBITDA ¥6.90 ¥8.71 ¥10.51 54
EV/Revenue ¥5.86 ¥7.73 ¥9.60 43
Asset-Based
NCAV (Graham) ¥4.26 ¥5.71 ¥8.53 50
Growth DCF
Growth DCF ¥5.28 ¥7.51 ¥10.91 80
Rev-Margin DCF ¥5.55 ¥8.30 ¥11.63 74
Economic Profit
Residual Income ¥6.32 ¥6.29 ¥5.68 76
ROIC Compounder ¥5.42 ¥6.04 ¥6.57 72
Growth Earnings
Growth-Adj P/E ¥3.61 ¥5.16 ¥6.71 68

Widest divergence: DCF Models (¥8.25) versus Dividend Discount (¥2.70). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 982M CNY
Revenue growth (YoY) +11.6%
Net margin 6.5%
Return on equity 5.4%
Free cash flow 44.7M CNY FY2025
P/E ratio 41.7
More key figures
Operating margin 5.8%
EPS (TTM) ¥0.4700
Dividend yield 0.6%
EPS growth (YoY) +149%
Net cash 196M CNY FY2024

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 35

Profitability 28
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 87
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

Shaanxi Meibang Pharmaceutical Group Co., Ltd., together with its subsidiaries, engages in the research and development, production, sale, and agricultural technology promotion, and service of pesticide products in China and internationally.

Full company description

Shaanxi Meibang Pharmaceutical Group Co., Ltd., together with its subsidiaries, engages in the research and development, production, sale, and agricultural technology promotion, and service of pesticide products in China and internationally. The company offers pesticides, fungicides, herbicides, plant growth regulators, fertilizers, and microbial fertilizers. It is also involved in sale of agricultural machinery. The company was founded in 1998 and is headquartered in Xi'an, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shaanxi Meibang Pharmaceutical Group reported revenue of ¥912M in FY2025 versus ¥842M in FY2021, a compound +2.0%/yr. Reported net income was ¥48.7M in FY2025, compounding −21.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
912M CNY
Latest YoY
+3.0%
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.
+0.2%
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.
+9.9%
Avg. growth/yr (8Y) 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.
+10.1%
Revenue +2.0%/yr
FY21 ¥842M
FY22 ¥906M
FY23 ¥699M
FY24 ¥886M
FY25 ¥912M
Net income −21.1%/yr
FY21 ¥126M
FY22 ¥145M
FY23 ¥57.6M
FY24 ¥36.9M
FY25 ¥48.7M

605033 screens 69% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Shaanxi Meibang Pharmaceutical Group Fair Value". https://www.fairvalue-calculator.com/stock/605033

Peer Group

Agricultural Inputs · 179 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 56 · Above median
Fair Value upside −69% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 41.7× · Pricier than 75% of peers
P/B 2.30× · Pricier than 75% of peers
P/S (TTM) 2.70× · Pricier than 75% of peers
P/FCF 8.8× · Pricier than median
EV/EBITDA 23.0× · Pricier than 75% of peers

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 21
FUTURE 58 · sector 37
PAST 22 · sector 24
HEALTH 94 · sector 97
DIVIDEND 11 · sector 33

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 Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 11, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $86.07 $27.81 -68%
Nutrien Ltd NTR C$94.23 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥24.93 ¥21.26 -15%
CF Industries Holdings CF $119.19 $161.00 +35%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 451.30 kr 67.25 -85%
Yunnan Yuntianhua Co 600096 ¥30.17 ¥42.12 +40%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥42.59 ¥38.01 -11%
Coromandel International Limited COROMANDEL ₹2,034 ₹1,129 -44%
UPL Limited UPL ₹594.75 ₹387.06 -35%

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Frequently asked questions

Is Shaanxi Meibang Pharmaceutical Group (605033) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥6.12 versus a price of ¥19.60, about −69% (overvalued).
What is the fair value of 605033?
Our model-based fair value for Shaanxi Meibang Pharmaceutical Group is ¥6.12 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥19.60.
What is the quality score of 605033?
Shaanxi Meibang Pharmaceutical Group has a Quality Score of 56/100. 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 Shaanxi Meibang Pharmaceutical Group (605033)?
Shaanxi Meibang Pharmaceutical Group reported trailing-twelve-month revenue of about 959M CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 605033?
The net profit margin of Shaanxi Meibang Pharmaceutical Group is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Shaanxi Meibang Pharmaceutical Group pay a dividend?
Shaanxi Meibang Pharmaceutical Group currently shows a dividend yield of about 0.80% relative to its recent price (as of Aug 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.

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