Shanghai Medicilon Inc (688202) fair value: what the stock is really worth
We calculate from audited financials what Shanghai Medicilon Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Shanghai Medicilon Inc
688202 · SHGWeakest SetupStrongly overvalued and low quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ¥23.83 – ¥394.88 · fair‑value band ¥32.13 – ¥67.14 · the ¥89.34 price screens above the ¥46.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Shanghai Medicilon Inc., a contract research organization, provides drug discovery and development services to pharmaceutical and biotechnology companies in China and internationally. The company operates in Drug Discovery and Pharmaceutical Research, and Preclinical Research segments.
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Shanghai Medicilon Inc., a contract research organization, provides drug discovery and development services to pharmaceutical and biotechnology companies in China and internationally. The company operates in Drug Discovery and Pharmaceutical Research, and Preclinical Research segments. It offers medicinal and analytical chemistry; process development; custom and zoom in synthesis; structural, in vitro, and computational biology; protein expression and purification; protein crystallization; and recombinant kinase preparation services, as well as protein target validation, compound activity screening and optimization, raw material and preparation process research, and quality standards and stability research services. The company also provides process route screening, API production process optimization, drug process research and application, pharmacology services, drug safety evaluation, biological analysis, IND filing, and TCM preclinical trial service solutions, such as pharmaceutical research, pharmacodynamics, pharmacokinetics, and toxicology. In addition, it offers lipid synthesis, liposome preparation, prescription screening, process optimization and development, quality research, safety evaluation, bioanalysis, registration and declaration, etc.; pre-formulation research, drug analysis, drug stability research, and formulation development; and cytokine and biomarker testing, bioanalysis, and flow cytometry service, as well as engages in the research and development of new drugs. Further, the company is involved in the molecular drug development business. The company was founded in 2004 and is based in Shanghai, China.
Stock analysis
Shanghai Medicilon Inc (688202) currently trades at ¥89.34, while our model-based Fair Value estimate is ¥46.82, implying the stock looks roughly 90.8% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥9.65 per share, and 0 of the 12 models we run sit above the ¥89.34 price.
Bear case: the Growth DCF group reads lowest at ¥6.96, and 12 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥32.13 (bear) to ¥67.14 (bull), the price of ¥89.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shanghai Medicilon Inc reported revenue of 1.2B CNY in FY2025 versus 1.2B CNY in FY2021, a compound −0.1%/yr. Reported net income was −168M CNY in FY2025.
Key figures
Market cap 14.2B CNY (≈ $2.1B) · P/S ratio 5.58 · EPS (TTM) ¥−1.04 · Dividend yield 0.1% · Net margin −14.4% · Return on equity −6.7% · Return on assets (EBIT) 4.7% · Operating margin 4.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 178% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −12% fair-value upside, at −48%, 688202 screens richer than that median.
Fair Value models
All 12 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 73
Revenue & earnings trend
Growth Forecast
688202 screens 91% overvalued. Compare with Vertex Pharmaceuticals Incorporated →
Compare Shanghai Medicilon Inc with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Biotechnology · 645 stocks
Valuation Multiplesvs Biotechnology median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Biotechnology stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vertex Pharmaceuticals Incorporated VRTX | $515.44 | $566.98 | +10% |
| Regeneron Pharmaceuticals, Inc REGN | $781.49 | $1,241 | +59% |
| argenx SE ARGX | €853.80 | €752.12 | −12% |
| BeOne Medicines AG 688235 | ¥247.30 | ¥124.62 | −50% |
| Samsung Biologics Co 207940 | 1,415,000 KRW | 1,556,500 KRW | +10% |
| Alnylam Pharmaceuticals, Inc ALNY | $248.68 | $211.88 | −15% |
| Royalty Pharma plc RPRX | $58.61 | $24.22 | −59% |
| Celltrion, Inc 068270 | 178,200 KRW | 74,519 KRW | −58% |
| BioNTech SE BNTX | $96.73 | $63.31 | −35% |
| Incyte Corporation INCY | $121.47 | $204.93 | +69% |
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Key figures of Shanghai Medicilon Inc
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