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Sinew Pharma Inc (6634) Fair Value & Analysis

Healthcare · TW · Market cap 4.4B TWD

SP Sinew Pharma Inc 6634 · TWO
Price59.70 TWD
Fair Value14.60 TWD
Upside-75.5%
Quality42/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Mixed vs. peers (4/7)
Narrow moat 8/100
Evidence: Low Range 9.64 TWD – 18.25 TWD Share as image

Fair value as of: Jul 21, 2026

From 1 valuation models · updated 20 days ago

Share price −14.6% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (18.25 TWD). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (9.64 TWD to 18.25 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (8 months)

79.90 TWD 30.10 TWD Fair Value 14.60 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 21, 2026.

How to read this chart

8‑month range 30.10 TWD – 79.90 TWD · fair‑value band 9.64 TWD – 18.25 TWD · the 59.70 TWD price screens above the 14.60 TWD fair value. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Sinew Pharma Inc (6634) currently trades at 59.70 TWD, while our model-based Fair Value estimate is 14.60 TWD, implying the stock looks roughly 75.5% overvalued today. The Quality Score stands at 42/100 (below-average 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: low).

Trailing-twelve-month revenue stands at 47.0K TWD. It earns a return on equity of -10.8%. The balance sheet holds a net cash position of 38.6M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 9.64 TWD (bear case) to 18.25 TWD (bull case); at 59.70 TWD, 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 30% below its 52-week high and 106% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -76%, 6634 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
NCAV (Graham) 7.65 TWD 10.26 TWD 15.31 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 7.65 TWD 10.26 TWD 15.31 TWD 50

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Key figures & financial health

Revenue (TTM) 47.0K TWD
Return on equity -10.8%
Free cash flow −97.2M TWD FY2025
Operating margin -140,015%
EPS (TTM) -1.74 TWD
Net cash 38.6M TWD FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 43 · Market factors (momentum, volatility) 64

Profitability 0
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 69
Price trend over the last 3–12 months (market factor)
52W Momentum 71
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

Sinew Pharma Inc., a biopharmaceutical company, focuses on the research, development, and sale of drugs for the treatment of hepatotoxicity-free acetaminophen and fatty liver diseases.

Full company description

Sinew Pharma Inc., a biopharmaceutical company, focuses on the research, development, and sale of drugs for the treatment of hepatotoxicity-free acetaminophen and fatty liver diseases. The company's products include SNP-610 drug, which is in Phase IIa clinical trial and SNP-630 drug, which is in Phase II clinical trial for treating patients with non-alcoholic steatohepatitis in Taiwan. It is also developing SNP-810 is in phase II clinical trial for use in pain relief and fever reduction; SNP-820 is in Phase II clinical trial for antidote for acetaminophen poisoning, and SNP-830 and SNP-840, which in pre-clinical trial are used as hepatotoxicity-free analgesic medicines in the United States. Sinew Pharma Inc. was founded in 2014 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinew Pharma Inc reported revenue of 47.0K TWD in FY2025 versus 6.2M TWD in FY2021, a compound −70.5%/yr. Reported net income was −124M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
47.0K TWD
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.
−47.7%
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.
−36.7%
Revenue −70.5%/yr
FY21 6.2M TWD
FY22 328K TWD
FY23 0 TWD
FY24 0 TWD
FY25 47.0K TWD
Net income
FY21 −91.6M TWD
FY22 −140M TWD
FY23 −171M TWD
FY24 −150M TWD
FY25 −124M TWD

6634 screens 76% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Sinew Pharma Inc Fair Value". https://www.fairvalue-calculator.com/stock/6634

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 43 · Below median
Fair Value upside −76% · Bottom 25%
Return on assets -7% · Below median
Net margin (TTM) 0% · Above median
Revenue growth 0% · Above median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers

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 21, 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 Sinew Pharma Inc (6634) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 14.60 TWD versus a price of 59.70 TWD, about −76% (overvalued).
What is the fair value of 6634?
Our model-based fair value for Sinew Pharma Inc is 14.60 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 59.70 TWD.
What is the quality score of 6634?
Sinew Pharma Inc has a Quality Score of 42/100. 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 Sinew Pharma Inc (6634)?
Sinew Pharma Inc reported trailing-twelve-month revenue of about 47.0K TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6634?
The net profit margin of Sinew Pharma Inc is about 0.0%, meaning it keeps roughly 0.0% 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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