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CanSino Biologics Inc (688185) Fair Value & Analysis

Healthcare · CN · Market cap 12.7B CNY

CB CanSino Biologics Inc 688185 · SHG
Price¥50.00
Fair Value¥11.32
Upside-77.4%
Quality45/100
Evidence: Medium Range ¥7.93 – ¥14.72

Fair value as of: Jun 24, 2026

From 16 valuation models · updated 7 days ago

Share price −20.7% over the past month.

Price vs Fair Value (12 months)

¥92.36 ¥50.00 Fair Value ¥11.32 Jun 2025 Jun 2026

12‑month range ¥50.00 – ¥92.36 · fair‑value band ¥7.93 – ¥14.72 · the ¥50.00 price screens above the ¥11.32 fair value. As of Jun 24, 2026.

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Analysis

CanSino Biologics Inc (688185) currently trades at ¥50.00, while our model-based Fair Value estimate is ¥11.32 — implying the stock looks roughly 77.4% overvalued today. We read business quality at 45/100 (below-average 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: medium).

Over the trailing twelve months, CanSino Biologics Inc generated revenue of 1.1B CNY at a net margin of -0.1%. Revenue grew 38.7% year over year. Net debt stands at 55.8M CNY. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 1.1B CNY
Revenue growth (YoY) +38.7%
Net margin -0.1%
Return on equity 0.0%
Free cash flow −166M CNY FY2025
P/E ratio 467.4
More key figures
Operating margin -15.2%
EPS (TTM) ¥0.1100
EPS growth (YoY) +1,169%
Net debt 55.8M CNY FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

CanSino Biologics Inc. develops, manufactures, and commercializes vaccines in the People's Republic of China. The company develops Convidecia and the Ad5-nCoV for Inhalation vaccines to recombinant novel coronavirus disease; Ad5-EBOV, an Ebola virus vaccine; and MCV2 and MCV4 vaccines for the prevention of N. meningitides. It develops DTcP vaccine for infants and DTcP Booster vaccine, which are in Phase I clinical trial for addressing the weaker protection preventing pertussis after primary vaccination. In addition, it develops Tdcp Adolescent and Adult vaccine for treating pertussis; PBPV, a serotype-independent protein-based pneumococcal vaccine that is in Phase I clinical trial; PCV13i, a pneumococcal conjugate vaccine, which is in Phase I clinical trial; and TB Booster for the BCG-vaccinated population which is in Phase I clinical trial. Further, it is developing various preclinical stage products, including DTcP-Hib Combo vaccine; CS-2023 to treat meningitis; CS-2028 for …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CanSino Biologics Inc reported revenue of ¥1.1B in FY2025 versus ¥4.3B in FY2021, a compound −29.4%/yr. Reported net income was ¥27.9M in FY2025, compounding −65.3%/yr from FY2021.

Revenue −29.4%/yr
FY21 ¥4.3B
FY22 ¥1.0B
FY23 ¥357M
FY24 ¥846M
FY25 ¥1.1B
Net income −65.3%/yr
FY21 ¥1.9B
FY22 −¥909M
FY23 −¥1.5B
FY24 −¥379M
FY25 ¥27.9M

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Frequently asked questions

Is CanSino Biologics Inc (688185) undervalued?
As of Jun 24, 2026, our model estimates a fair value of ¥11.32 versus a price of ¥50.00 — about −77% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 688185?
Our model-based fair value for CanSino Biologics Inc is ¥11.32 (as of Jun 24, 2026), built from audited fundamentals. The current price is ¥50.00.
What is the quality score of 688185?
CanSino Biologics Inc has a Quality Score of 45/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of CanSino Biologics Inc (688185)?
CanSino Biologics Inc reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 688185?
The net profit margin of CanSino Biologics Inc is about -0.1%, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.