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Sinco Pharmaceuticals Holdings (6833) Fair Value & Analysis

Healthcare · HK · Market cap HK$325M

SP Sinco Pharmaceuticals Holdings 6833 · HK
PriceHK$0.1720
Fair ValueHK$0.3800
Upside+120.9%
Quality55/100
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Weak Growth
Thin margins · 1.7% net margin
Low debt · generates free cash flow
1.26% dividend yield
Ranks above peers (9/13)
Narrow moat 23/100
Evidence: High Range HK$0.2800 – HK$0.4700 Share as image

Fair value as of: Aug 6, 2026

From 26 valuation models · updated 4 days ago

Share price +7.5% over the past month.

A solid business, screening 121% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.2800). The market is more pessimistic than our downside scenario.
  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$2.06 HK$0.1530 Fair Value HK$0.3800 Jan 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range HK$0.1530 – HK$2.06 · fair‑value band HK$0.2800 – HK$0.4700 · the HK$0.1720 price screens below the HK$0.3800 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Sinco Pharmaceuticals Holdings (6833) currently trades at HK$0.1720, while our model-based Fair Value estimate is HK$0.3800, implying the stock looks roughly 120.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Sinco Pharmaceuticals Holdings generated revenue of HK$2.1B at a net margin of 1.7%. Revenue declined 31.3% year over year. It earns a return on equity of 5.1%. The balance sheet holds a net cash position of HK$191M. Fundamentals as of Aug 6, 2026

Our scenario range runs from HK$0.2800 (bear case) to HK$0.4700 (bull case); at HK$0.1720, the current price sits below 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 38% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 2% fair-value upside, at 121%, 6833 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 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 HK$1.11 HK$1.85 HK$3.06 80
Residual Income HK$0.2400 HK$0.2400 HK$0.2100 76
Rev-Margin DCF HK$0.7300 HK$1.09 HK$1.62 74
All 26 models by family
DCF Models
FCF DCF HK$1.15 HK$1.75 HK$3.21 38
Owner Earnings HK$0.4900 HK$0.7800 HK$1.32 31
5Y Revenue Exit HK$0.7300 HK$1.07 HK$1.61 39
5Y EBITDA Exit HK$0.8200 HK$1.28 HK$1.98 41
5Y P/E Exit HK$0.6900 HK$1.01 HK$1.39 38
10Y Revenue Exit HK$0.8600 HK$1.28 HK$1.81 36
10Y EBITDA Exit HK$0.9300 HK$1.44 HK$2.27 37
10Y P/E Exit HK$0.8400 HK$1.21 HK$1.76 35
Earnings-Based
Graham-Dodd HK$0.1200 HK$0.7600 HK$1.06 54
Lynch FV HK$0.2200 HK$0.3200 HK$0.4100 50
PEG = 1.0 HK$0.2200 HK$0.3200 HK$0.4100 46
EPV HK$0.4100 HK$0.4500 HK$0.4700 59
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0200 HK$0.0300 70
DDM Multi-Stage HK$0.0100 HK$0.0200 HK$0.0300 61
Multiples
P/E Multiple HK$0.2800 HK$0.3800 HK$0.4700 63
P/S Multiple HK$0.2200 HK$0.2900 HK$0.3600 58
P/B Multiple HK$0.2200 HK$0.2900 HK$0.3600 55
EV/EBIT HK$0.6400 HK$0.7900 HK$0.9400 53
EV/EBITDA HK$0.6800 HK$0.8500 HK$1.02 54
EV/Revenue HK$0.5100 HK$0.6400 HK$0.7800 43
Asset-Based
NCAV (Graham) HK$0.1700 HK$0.2300 HK$0.3400 50
Growth DCF
Growth DCF HK$1.11 HK$1.85 HK$3.06 80
Rev-Margin DCF HK$0.7300 HK$1.09 HK$1.62 74
Economic Profit
Residual Income HK$0.2400 HK$0.2400 HK$0.2100 76
ROIC Compounder HK$0.4500 HK$0.5500 HK$0.6500 72
Growth Earnings
Growth-Adj P/E HK$0.3200 HK$0.4500 HK$0.5900 68

Widest divergence: DCF Models (HK$1.21) versus Dividend Discount (HK$0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$2.1B
Revenue growth (YoY) -31.3%
Net margin 1.7%
Return on equity 5.1%
Free cash flow HK$160M FY2025
P/E ratio 8.0
More key figures
Operating margin 2.6%
EPS (TTM) HK$0.0100
Dividend yield 1.3%
EPS growth (YoY) -39.4%
Net cash HK$191M FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 32

Profitability 36
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 82
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

Sinco Pharmaceuticals Holdings Limited, an investment holding company, provides marketing, promotion, and channel management services for imported pharmaceutical products and medical devices in China.

Full company description

Sinco Pharmaceuticals Holdings Limited, an investment holding company, provides marketing, promotion, and channel management services for imported pharmaceutical products and medical devices in China. The company offers human albumin serum under the Octapharma, Octapamma, and Octenor name for the treatment of premature infants, hypovolemia, hypoproteinemia, neonatal hyperbilirubinemia, acute respiratory distress syndrome, cardiopulmonary bypass, special types of hemodialysis, and plasma exchange. It also provides Axetine, which is used for the treatment of bacterial infections, including respiratory infections, urinary tract infections, soft tissue infections, gynecological and obstetrical infections, gonorrhea, and other infections, as well as for the prevention of post-surgery infections. In addition, it is involved in the research, development, and sale of pharmaceutical products; provision of warehouse facilities for pharmaceutical products; research and manufacturing of aesthetic medicine; international trade activities; consultation services for medical and biological technology; market promotion; and medical beauty services. The company was founded in 2011 and is headquartered in Chengdu, the People's Republic of China. Sinco Pharmaceuticals Holdings Limited operates as a subsidiary of Risun Investments Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinco Pharmaceuticals Holdings reported revenue of HK$2.1B in FY2025 versus HK$2.0B in FY2021, a compound +0.7%/yr. Reported net income was HK$34.9M in FY2025, compounding −28.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$2.1B
Latest YoY
−26.1%
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.
−2.8%
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.
+0.3%
Avg. growth/yr (13Y) 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.
+40.0%
Revenue +0.7%/yr
FY21 HK$2.0B
FY22 HK$2.3B
FY23 HK$2.5B
FY24 HK$2.8B
FY25 HK$2.1B
Net income −28.7%/yr
FY21 HK$135M
FY22 HK$69.5M
FY23 HK$42.4M
FY24 HK$42.0M
FY25 HK$34.9M
Character of growth · EPS growth decomposed (2014-2025) −7.7 % p.a.
Revenue per share +5.8 pp

of which total revenue +11.0 pp · buybacks/dilution −5.3 pp

EBIT margin −8.7 pp
Tax rate −5.5 pp
Residual (interest, one-offs) +0.7 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).

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Cite: Fair Value Calculator (2026). "Sinco Pharmaceuticals Holdings Fair Value". https://www.fairvalue-calculator.com/stock/6833

Peer Group

Medical Distribution · 81 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 +121% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -31% · Bottom 25%
Dividend yield (TTM) 1.3% · Below median

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 8.0× · Cheaper than 75% of peers
P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper 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 100 · sector 32
FUTURE 0 · sector 14
PAST 21 · sector 21
HEALTH 100 · sector 97
DIVIDEND 25 · sector 53

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 Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Galenica AG GALE CHF 87.05 CHF 61.79 -29%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%

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Frequently asked questions

Is Sinco Pharmaceuticals Holdings (6833) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of HK$0.3800 versus a price of HK$0.1720, about +121% (undervalued).
What is the fair value of 6833?
Our model-based fair value for Sinco Pharmaceuticals Holdings is HK$0.3800 (as of Aug 6, 2026), built from audited fundamentals. The current price is HK$0.1720.
What is the quality score of 6833?
Sinco Pharmaceuticals Holdings 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 Sinco Pharmaceuticals Holdings (6833)?
Sinco Pharmaceuticals Holdings reported trailing-twelve-month revenue of about HK$2.1B (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 6833?
The net profit margin of Sinco Pharmaceuticals Holdings is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Sinco Pharmaceuticals Holdings pay a dividend?
Sinco Pharmaceuticals Holdings currently shows a dividend yield of about 1.26% relative to its recent price (as of Aug 6, 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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