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Touchstone International Medical Science Co (688013) Fair Value & Analysis

Healthcare · CN · Market cap 2.2B CNY

TI Touchstone International Medical Science Co 688013 · SHG
Price¥25.85
Fair Value¥19.27
Upside-25.5%
Quality70/100
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Expensive Growth
Highly profitable · 25.8% net margin
Low debt · negative free cash flow
0.48% dividend yield
Mixed vs. peers (7/13)
Moderate moat 60/100
Evidence: High Range ¥14.65 – ¥23.89 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥20.52 to ¥19.27 (−6.1%) since Jun 24, 2026. Share price +5.7% over the past month.

A solid business, but screening 25% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥23.89). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥66.66 ¥11.54 Fair Value ¥19.27 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 ¥11.54 – ¥66.66 · fair‑value band ¥14.65 – ¥23.89 · the ¥25.85 price screens above the ¥19.27 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Touchstone International Medical Science Co (688013) currently trades at ¥25.85, while our model-based Fair Value estimate is ¥19.27, implying the stock looks roughly 25.5% overvalued today. The Quality Score stands at 70/100 (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: high).

Over the trailing twelve months, Touchstone International Medical Science Co generated revenue of 317M CNY at a net margin of 25.8%. Revenue declined 15.4% year over year. It earns a return on equity of 14.2%. The balance sheet holds a net cash position of 63.0M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥14.65 (bear case) to ¥23.89 (bull case); at ¥25.85, 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 62% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -25%, 688013 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 ¥6.85 ¥8.31 ¥15.09 76
ROIC Compounder ¥12.10 ¥15.84 ¥20.73 72
Gordon GGM ¥13.16 ¥26.22 ¥39.70 70
All 17 models by family
DCF Models
Owner Earnings ¥2.31 ¥3.11 ¥4.48 31
Earnings-Based
Graham-Dodd ¥7.05 ¥34.75 ¥47.92 54
Lynch FV ¥9.36 ¥13.37 ¥17.38 50
PEG = 1.0 ¥9.36 ¥13.37 ¥17.38 46
EPV ¥10.81 ¥12.31 ¥13.60 59
Dividend Discount
Gordon GGM ¥13.16 ¥26.22 ¥39.70 70
DDM Multi-Stage ¥13.16 ¥22.66 ¥27.67 61
Multiples
P/E Multiple ¥17.10 ¥22.80 ¥28.50 63
P/S Multiple ¥10.57 ¥14.09 ¥17.61 58
P/B Multiple ¥13.21 ¥17.62 ¥22.02 55
EV/EBIT ¥16.15 ¥21.08 ¥26.02 53
EV/EBITDA ¥15.21 ¥19.83 ¥24.46 54
EV/Revenue ¥9.79 ¥13.42 ¥17.04 43
Asset-Based
NCAV (Graham) ¥3.48 ¥4.67 ¥6.97 50
Economic Profit
Residual Income ¥6.85 ¥8.31 ¥15.09 76
ROIC Compounder ¥12.10 ¥15.84 ¥20.73 72
Growth Earnings
Growth-Adj P/E ¥14.77 ¥21.10 ¥27.42 68

Widest divergence: Dividend Discount (¥22.66) versus DCF Models (¥3.11). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 317M CNY
Revenue growth (YoY) -15.4%
Net margin 25.8%
Return on equity 14.2%
Free cash flow −18.8M CNY FY2025
P/E ratio 27.3
More key figures
Operating margin 10.5%
EPS (TTM) ¥1.01
Dividend yield 0.5%
EPS growth (YoY) -25.0%
Net cash 63.0M CNY FY2024

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 26

Profitability 70
Margins and returns on capital today
Quality Growth 91
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 91
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

Touchstone International Medical Science Co., Ltd. researches and develops, manufactures, and sells medical devices in China, the United States, Europe, Japan, Russia, Brazil, South Korea, Canada, Australia, and internationally.

Full company description

Touchstone International Medical Science Co., Ltd. researches and develops, manufactures, and sells medical devices in China, the United States, Europe, Japan, Russia, Brazil, South Korea, Canada, Australia, and internationally. It provides laparoscopic, tube-type, intraluminal, endoscopic linear cutters and reloads, linear cutters and reloads, auto purse string clamps, and linear staplers and reloads, as well as proctological, circumcision, and circular staplers. It offers its products for use in laparoscopic and open surgeries. The company was founded in 2003 and is based in Suzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Touchstone International Medical Science Co reported revenue of ¥327M in FY2025 versus ¥214M in FY2021, a compound +11.2%/yr. Reported net income was ¥84.1M in FY2025, compounding +19.4%/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)
327M CNY
Latest YoY
+20.0%
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.
+12.1%
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.
+14.9%
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.
+17.5%
Revenue +11.2%/yr
FY21 ¥214M
FY22 ¥232M
FY23 ¥254M
FY24 ¥272M
FY25 ¥327M
Net income +19.4%/yr
FY21 ¥41.4M
FY22 ¥43.2M
FY23 ¥47.3M
FY24 ¥51.9M
FY25 ¥84.1M

688013 screens 25% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Touchstone International Medical Science Co Fair Value". https://www.fairvalue-calculator.com/stock/688013

Peer Group

Medical Instruments & Supplies · 203 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 70 · Top 25%
Fair Value upside −26% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 27.3× · Pricier than median
P/B 3.96× · Pricier than 75% of peers
P/S (TTM) 7.07× · Pricier than 75% of peers
EV/EBITDA 26.5× · 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 0
FUTURE 0 · sector 27
PAST 57 · sector 25
HEALTH 99 · sector 96
DIVIDEND 10 · sector 32

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Touchstone International Medical Science Co (688013) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥19.27 versus a price of ¥25.85, about −25% (overvalued).
What is the fair value of 688013?
Our model-based fair value for Touchstone International Medical Science Co is ¥19.27 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥25.85.
What is the quality score of 688013?
Touchstone International Medical Science Co has a Quality Score of 70/100. 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 Touchstone International Medical Science Co (688013)?
Touchstone International Medical Science Co reported trailing-twelve-month revenue of about 317M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688013?
The net profit margin of Touchstone International Medical Science Co is about 25.8%, meaning it keeps roughly 25.8% of revenue as net income. Based on the latest reported figures.
Does Touchstone International Medical Science Co pay a dividend?
Touchstone International Medical Science Co currently shows a dividend yield of about 0.48% 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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