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Greenyn Biotechnology Co (6846) Fair Value & Analysis

Healthcare · TW · Market cap 1.7B TWD

GB Greenyn Biotechnology Co 6846 · TWO
Price60.50 TWD
Fair Value95.85 TWD
Upside+58.4%
Quality41/100
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Expensive Growth
Thin margins · 0.0% net margin
Moderate debt · negative free cash flow
Ranks above peers (8/11)
Moderate moat 60/100
Evidence: High Range 67.10 TWD – 124.61 TWD Share as image

Fair value as of: Jul 21, 2026

From 16 valuation models · updated 20 days ago

Share price −9.6% over the past month.

Below-average quality, screening 58% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (67.10 TWD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (67.10 TWD to 124.61 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (4 years)

101.72 TWD 52.19 TWD Fair Value 95.85 TWD Apr 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

52‑month range 52.19 TWD – 101.72 TWD · fair‑value band 67.10 TWD – 124.61 TWD · the 60.50 TWD price screens below the 95.85 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Greenyn Biotechnology Co (6846) currently trades at 60.50 TWD, while our model-based Fair Value estimate is 95.85 TWD, implying the stock looks roughly 58.4% undervalued today. The Quality Score stands at 41/100 (below-average 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.

Net debt stands at 69.5M TWD. The stock trades on a trailing P/E of 14.9. Fundamentals as of Jul 21, 2026

Our scenario range runs from 67.10 TWD (bear case) to 124.61 TWD (bull case); at 60.50 TWD, 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 28% 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 58%, 6846 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
Residual Income 34.02 TWD 40.27 TWD 67.94 TWD 76
ROIC Compounder 42.65 TWD 52.02 TWD 62.73 TWD 72
Gordon GGM 27.88 TWD 50.25 TWD 69.17 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 36.56 TWD 114.08 TWD 151.75 TWD 54
Lynch FV 24.84 TWD 35.48 TWD 46.13 TWD 50
PEG = 1.0 24.84 TWD 35.48 TWD 46.13 TWD 46
EPV 41.56 TWD 47.57 TWD 52.58 TWD 59
Dividend Discount
Gordon GGM 27.88 TWD 50.25 TWD 69.17 TWD 70
DDM Multi-Stage 27.88 TWD 43.41 TWD 53.68 TWD 61
Multiples
P/E Multiple 80.65 TWD 107.53 TWD 134.41 TWD 63
P/S Multiple 63.41 TWD 84.55 TWD 105.68 TWD 58
P/B Multiple 68.55 TWD 91.40 TWD 114.25 TWD 55
EV/EBIT 91.65 TWD 123.04 TWD 154.43 TWD 53
EV/EBITDA 78.25 TWD 105.18 TWD 132.11 TWD 54
EV/Revenue 56.65 TWD 82.02 TWD 107.38 TWD 43
Asset-Based
NCAV (Graham) 18.08 TWD 24.22 TWD 36.15 TWD 50
Economic Profit
Residual Income 34.02 TWD 40.27 TWD 67.94 TWD 76
ROIC Compounder 42.65 TWD 52.02 TWD 62.73 TWD 72
Growth Earnings
Growth-Adj P/E 67.10 TWD 95.85 TWD 124.61 TWD 68

Widest divergence: Growth Earnings (95.85 TWD) versus Asset-Based (24.22 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Free cash flow −236M TWD FY2025
P/E ratio 14.9
EPS (TTM) 4.55 TWD
Net debt 69.5M TWD FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 42

Profitability 48
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 63
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

Greenyn Biotechnology Co., Ltd, a dietary supplement company, develops, manufactures, and sells health products in Taiwan and internationally. The company offers proprietary ingredients, such as Insumate, a bitter melon extract; Antromax, an antrodia cinnamomea; and Zymologist 101 Phyto fermented drink.

Full company description

Greenyn Biotechnology Co., Ltd, a dietary supplement company, develops, manufactures, and sells health products in Taiwan and internationally. The company offers proprietary ingredients, such as Insumate, a bitter melon extract; Antromax, an antrodia cinnamomea; and Zymologist 101 Phyto fermented drink. It also provides functional formulas for youth and beauty series, digestive health series, brain health series, body regulation series, throat moistening series, hair care series, clear eye series, colorful lifestyle series, joint health series, nutritional supplement series, energy supplement series, immune modulation series, low burden series, sleep aid series, body curve series, circulation series, man power series, women's intimate health series, and mature woman series. In addition, the company offers customization, ODM, dosage, and application services. Greenyn Biotechnology Co., Ltd was founded in 2012 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Greenyn Biotechnology Co reported revenue of 915M TWD in FY2025 versus 694M TWD in FY2021, a compound +7.2%/yr. Reported net income was 146M TWD in FY2025, compounding +2.3%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
915M TWD
Latest YoY
+4.8%
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.
+9.1%
Revenue +7.2%/yr
FY21 694M TWD
FY22 705M TWD
FY23 801M TWD
FY24 873M TWD
FY25 915M TWD
Net income +2.3%/yr
FY21 133M TWD
FY22 147M TWD
FY23 131M TWD
FY24 146M TWD
FY25 146M TWD

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Cite: Fair Value Calculator (2026). "Greenyn Biotechnology Co Fair Value". https://www.fairvalue-calculator.com/stock/6846

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 41 · Below median
Fair Value upside +58% · Top 25%
Return on assets 0% · Above median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.88× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 14.0× · Cheaper than median
P/B 0.05× · 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 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 56 · sector 98
DIVIDEND 0 · sector 23

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 Greenyn Biotechnology Co (6846) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 95.85 TWD versus a price of 60.50 TWD, about +58% (undervalued).
What is the fair value of 6846?
Our model-based fair value for Greenyn Biotechnology Co is 95.85 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 60.50 TWD.
What is the quality score of 6846?
Greenyn Biotechnology Co has a Quality Score of 41/100. 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 net profit margin of 6846?
The net profit margin of Greenyn Biotechnology Co 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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