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Shanghai Shen Lian Biomedical Corporation (688098) Fair Value & Analysis

Healthcare · CN · Market cap 3.5B CNY

SS Shanghai Shen Lian Biomedical Corporation 688098 · SHG
Price¥8.61
Fair Value¥1.99
Upside-76.9%
Quality54/100
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Weak Growth
Loss-making · -6.5% net margin
Low debt · negative free cash flow
Ranks above peers (7/11)
Narrow moat 14/100
Evidence: Low Range ¥1.57 – ¥2.41 Share as image

Fair value as of: Jul 12, 2026

From 5 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥15.22 to ¥1.99 (−86.9%) since Jun 24, 2026. Share price −5.2% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.41). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥15.40 ¥3.67 Fair Value ¥1.99 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 ¥3.67 – ¥15.40 · fair‑value band ¥1.57 – ¥2.41 · the ¥8.61 price screens above the ¥1.99 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shanghai Shen Lian Biomedical Corporation (688098) currently trades at ¥8.61, while our model-based Fair Value estimate is ¥1.99, implying the stock looks roughly 76.9% overvalued today. The Quality Score stands at 54/100 (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: low).

Over the trailing twelve months, Shanghai Shen Lian Biomedical Corporation generated revenue of 272M CNY at a net margin of -6.5%. Revenue declined 20.5% year over year. It earns a return on equity of -1.2%. The balance sheet holds a net cash position of 131M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥1.57 (bear case) to ¥2.41 (bull case); at ¥8.61, 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 51% below its 52-week high and 51% 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 -77%, 688098 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 BearBaseBull Evidence
Highest evidence
Gordon GGM ¥0.0100 ¥0.0100 ¥0.0100 70
DDM Multi-Stage ¥0.0100 ¥0.0100 ¥0.0100 61
EV/EBITDA ¥1.50 ¥1.92 ¥2.34 54
All 5 models by family
DCF Models
Owner Earnings ¥0.5000 ¥0.5900 ¥0.7500 31
Dividend Discount
Gordon GGM ¥0.0100 ¥0.0100 ¥0.0100 70
DDM Multi-Stage ¥0.0100 ¥0.0100 ¥0.0100 61
Multiples
EV/EBITDA ¥1.50 ¥1.92 ¥2.34 54
Asset-Based
NCAV (Graham) ¥1.69 ¥2.27 ¥3.38 50

Widest divergence: Asset-Based (¥2.27) versus Dividend Discount (¥0.0100). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 272M CNY
Revenue growth (YoY) -20.5%
Net margin -6.5%
Return on equity -1.2%
Free cash flow −12.2M CNY FY2025
Operating margin -3.6%
More key figures
EPS (TTM) ¥-0.0400
EPS growth (YoY) -13.6%
Net cash 131M CNY FY2024

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 53 · Market factors (momentum, volatility) 49

Profitability 13
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 100
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

Shanghai Shen Lian Biomedical Corporation engages in the research, development, production, and sale of veterinary biological products in China. It develops synthetic peptide vaccines to treat foot-and-mouth diseases. The company was founded in 2001 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Shen Lian Biomedical Corporation reported revenue of ¥288M in FY2025 versus ¥358M in FY2021, a compound −5.3%/yr. Reported net income was −¥19.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
288M CNY
Latest YoY
−5.0%
Avg. growth/yr (3Y)
−4.3%
Avg. growth/yr (5Y)
−3.1%
Avg. growth/yr (12Y)
+3.4%
Revenue −5.3%/yr
FY21 ¥358M
FY22 ¥329M
FY23 ¥301M
FY24 ¥303M
FY25 ¥288M
Net income
FY21 ¥110M
FY22 ¥61.1M
FY23 ¥31.5M
FY24 −¥44.7M
FY25 −¥19.1M

688098 screens 77% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Shanghai Shen Lian Biomedical Corporation Fair Value". https://www.fairvalue-calculator.com/stock/688098

Peer Group

Biotechnology · 603 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 54 · Above median
Fair Value upside −77% · Bottom 25%
Return on assets -1% · Above median
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -4% · Below median
Revenue growth -21% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 1.91× · Cheaper than median
EV/EBITDA 6.2× · 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 0 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 99 · sector 97
DIVIDEND 0 · sector 23

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 12, 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 Shanghai Shen Lian Biomedical Corporation (688098) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥1.99 versus a price of ¥8.61, about −77% (overvalued).
What is the fair value of 688098?
Our model-based fair value for Shanghai Shen Lian Biomedical Corporation is ¥1.99 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥8.61.
What is the quality score of 688098?
Shanghai Shen Lian Biomedical Corporation has a Quality Score of 54/100. 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 Shanghai Shen Lian Biomedical Corporation (688098)?
Shanghai Shen Lian Biomedical Corporation reported trailing-twelve-month revenue of about 272M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688098?
The net profit margin of Shanghai Shen Lian Biomedical Corporation is about -6.5%, meaning it is currently running at a net loss. 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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