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ChengDu ShengNuo Biotec Co (688117) Fair Value & Analysis

Healthcare · CN · Market cap 5.2B CNY

CS ChengDu ShengNuo Biotec Co 688117 · SHG
Price¥26.76
Fair Value¥15.16
Upside-43.4%
Quality67/100
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Expensive Growth
Highly profitable · 22.1% net margin
Low debt · generates free cash flow
1.16% dividend yield
Mixed vs. peers (6/14)
Wide moat 75/100
Evidence: High Range ¥8.60 – ¥23.87 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥16.01 to ¥15.16 (−5.3%) since Jun 24, 2026. Share price −5.1% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥23.87). The favourable scenario is already priced in.
  • The model range is unusually wide (¥8.60 to ¥23.87). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥32.47 ¥7.40 Fair Value ¥15.16 Jun 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 ¥7.40 – ¥32.47 · fair‑value band ¥8.60 – ¥23.87 · the ¥26.76 price screens above the ¥15.16 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

ChengDu ShengNuo Biotec Co (688117) currently trades at ¥26.76, while our model-based Fair Value estimate is ¥15.16, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 67/100 (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, ChengDu ShengNuo Biotec Co generated revenue of 801M CNY at a net margin of 22.1%. Revenue grew 32.5% year over year. It earns a return on equity of 17.0%. Net debt stands at 74.7M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥8.60 (bear case) to ¥23.87 (bull case); at ¥26.76, 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 21% below its 52-week high and 28% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -49% fair-value upside, at -43%, 688117 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥2.55 ¥4.45 ¥7.33 80
Residual Income ¥4.82 ¥6.46 ¥19.40 76
Rev-Margin DCF ¥6.17 ¥12.02 ¥20.24 74
All 26 models by family
DCF Models
FCF DCF ¥2.61 ¥4.23 ¥8.19 38
Owner Earnings ¥5.32 ¥10.05 ¥18.85 31
5Y Revenue Exit ¥6.17 ¥12.39 ¥21.52 39
5Y EBITDA Exit ¥9.23 ¥19.22 ¥32.78 41
5Y P/E Exit ¥9.33 ¥19.44 ¥31.99 38
10Y Revenue Exit ¥4.72 ¥10.26 ¥20.10 36
10Y EBITDA Exit ¥7.03 ¥15.37 ¥30.03 37
10Y P/E Exit ¥7.10 ¥15.54 ¥29.34 35
Earnings-Based
Graham-Dodd ¥5.12 ¥30.27 ¥42.16 54
Lynch FV ¥8.60 ¥12.28 ¥15.97 50
PEG = 1.0 ¥8.60 ¥12.28 ¥15.97 46
EPV ¥7.96 ¥9.13 ¥10.13 59
Dividend Discount
Gordon GGM ¥1.43 ¥2.86 ¥4.33 70
DDM Multi-Stage ¥1.43 ¥2.47 ¥3.02 61
Multiples
P/E Multiple ¥12.42 ¥16.56 ¥20.70 63
P/S Multiple ¥8.83 ¥11.78 ¥14.72 58
P/B Multiple ¥9.60 ¥12.79 ¥15.99 55
EV/EBIT ¥12.22 ¥16.09 ¥19.96 53
EV/EBITDA ¥12.86 ¥16.95 ¥21.04 54
EV/Revenue ¥7.66 ¥10.69 ¥13.72 43
Asset-Based
NCAV (Graham) ¥2.40 ¥3.22 ¥4.80 50
Growth DCF
Growth DCF ¥2.55 ¥4.45 ¥7.33 80
Rev-Margin DCF ¥6.17 ¥12.02 ¥20.24 74
Economic Profit
Residual Income ¥4.82 ¥6.46 ¥19.40 76
ROIC Compounder ¥9.34 ¥12.90 ¥17.81 72
Growth Earnings
Growth-Adj P/E ¥12.86 ¥18.36 ¥23.87 68

Widest divergence: Growth Earnings (¥18.36) versus Dividend Discount (¥2.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 801M CNY
Revenue growth (YoY) +32.5%
Net margin 22.1%
Return on equity 17.0%
Free cash flow 32.7M CNY FY2025
P/E ratio 29.5
More key figures
Operating margin 34.7%
EPS (TTM) ¥0.8000
Dividend yield 1.2%
EPS growth (YoY) +40.0%
Net debt 74.7M CNY FY2025

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

Quality Score breakdown

Overall quality 67/100

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

Profitability 60
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 83
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

ChengDu ShengNuo Biotec Co.,Ltd. engages in the research and development, production, sale, and export of peptide drugs.

Full company description

ChengDu ShengNuo Biotec Co.,Ltd. engages in the research and development, production, sale, and export of peptide drugs. The company offers semaglutide, tirzepatide, retatrutide, cagrilintide, lanreotide, bivalirudin, epitifibatide, liraglutide; icatibant, octreotide, teriparatide, ziconotide, ganirelix, linaclotide, abaloparatide, terlipressin acetate; levosimendane, thymosin alpha, enfuvirtide, somatostatin, thymopentin, carbetocin, atosiban acetate, exenatide; and leuprorelin, degarelix, cetrorelix, plecanatide, and desmopressin acetate. ChengDu ShengNuo Biotec Co.,Ltd. was founded in 2001 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ChengDu ShengNuo Biotec Co reported revenue of ¥741M in FY2025 versus ¥387M in FY2021, a compound +17.7%/yr. Reported net income was ¥166M in FY2025, compounding +28.3%/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)
741M CNY
Latest YoY
+62.6%
Avg. growth/yr (3Y)
+23.3%
Avg. growth/yr (5Y)
+14.4%
Avg. growth/yr (8Y)
+18.2%
Revenue +17.7%/yr
FY21 ¥387M
FY22 ¥396M
FY23 ¥435M
FY24 ¥456M
FY25 ¥741M
Net income +28.3%/yr
FY21 ¥61.3M
FY22 ¥64.5M
FY23 ¥70.3M
FY24 ¥50.0M
FY25 ¥166M

688117 screens 43% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "ChengDu ShengNuo Biotec Co Fair Value". https://www.fairvalue-calculator.com/stock/688117

Peer Group

Drug Manufacturers - Specialty & Generic · 626 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 67 · Top 25%
Fair Value upside −43% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 33% · Top 25%
Dividend yield (TTM) 1.2% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Drug Manufacturers - Specialty & Generic median · lower = cheaper

P/E (TTM) 29.5× · Pricier than median
P/B 4.91× · Pricier than 75% of peers
P/S (TTM) 6.48× · Pricier than 75% of peers
P/FCF 23.6× · Pricier than 75% of peers
EV/EBITDA 17.2× · Pricier than median

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 7
FUTURE 100 · sector 20
PAST 68 · sector 23
HEALTH 93 · sector 97
DIVIDEND 23 · sector 34

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 Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.19 ¥25.94 -51%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,933 ₹989.50 -49%
Divi's Laboratories Limited DIVISLAB ₹7,316 ₹1,943 -73%
Torrent Pharmaceuticals Limited TORNTPHARM ₹4,763 ₹1,329 -72%
PharmaEssentia Corporation 6446 1,285 TWD 221.01 TWD -83%
Cipla Limited CIPLA ₹1,439 ₹1,001 -30%
Zydus Lifesciences Limited ZYDUSLIFE ₹1,151 ₹703.32 -39%
Lupin Limited LUPIN ₹2,443 ₹2,477 +1%
Mankind Pharma Limited MANKIND ₹2,484 ₹983.11 -60%
Dr. Reddy's Laboratories Limited DRREDDY ₹1,211 ₹874.79 -28%

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Frequently asked questions

Is ChengDu ShengNuo Biotec Co (688117) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥15.16 versus a price of ¥26.76, about −43% (overvalued).
What is the fair value of 688117?
Our model-based fair value for ChengDu ShengNuo Biotec Co is ¥15.16 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥26.76.
What is the quality score of 688117?
ChengDu ShengNuo Biotec Co has a Quality Score of 67/100. 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 ChengDu ShengNuo Biotec Co (688117)?
ChengDu ShengNuo Biotec Co reported trailing-twelve-month revenue of about 801M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688117?
The net profit margin of ChengDu ShengNuo Biotec Co is about 22.1%, meaning it keeps roughly 22.1% of revenue as net income. Based on the latest reported figures.
Does ChengDu ShengNuo Biotec Co pay a dividend?
ChengDu ShengNuo Biotec Co currently shows a dividend yield of about 1.16% 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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