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Shenzhen Chipscreen Biosciences Co (688321) Fair Value & Analysis

Healthcare · CN · Market cap 13.7B CNY (≈ $2.0B) · ISIN CNE100003LW0

What is Shenzhen Chipscreen Biosciences Co really worth?

SC Shenzhen Chipscreen Biosciences Co 688321 · SHG
Price¥25.47
Fair Value¥2.68
Upside−89.5%
Quality53/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 851% above our fair value of ¥2.68.

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Risks

!Expensive Growth (revenue 5y +27.5 %/yr)
!Thin margins · 9.8% net margin
!Moderate debt · negative free cash flow
!Trails peers (4/13)
!Narrow moat 38/100
!Evidence only low, so the estimate is less certain
!Weak on past: 19 out of 100
!Weak on dividend: 5 out of 100

For context

·0.23% dividend yield
Evidence: Low Range ¥2.27 – ¥2.68

Fair value as of: Sep 2, 2026

From 14 valuation models · updated today

Share price −3.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥2.68). 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 (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥46.19 ¥13.01 Fair Value ¥2.68 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range ¥13.01 – ¥46.19 · fair‑value band ¥2.27 – ¥2.68 · the ¥25.47 price screens above the ¥2.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

Shenzhen Chipscreen Biosciences Co (688321) currently trades at ¥25.47, while our model-based Fair Value estimate is ¥2.68, implying the stock looks roughly 850.6% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Healthcare sector. Bull case: the Growth Earnings group reads highest at a median of ¥4.11 per share, and 0 of the 13 models we run sit above the ¥25.47 price. Bear case: the Dividend Discount group reads lowest at ¥1.15, and 13 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Shenzhen Chipscreen Biosciences Co generated revenue of 1.0B CNY at a net margin of 9.8%. Revenue grew 58.4% year over year. It earns a return on equity of 4.8%. Net debt stands at 848M CNY. Fundamentals as of Sep 2, 2026

Our scenario range runs from ¥2.27 (bear case) to ¥2.68 (bull case); at ¥25.47, 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 43% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −45% fair-value upside, at −89%, 688321 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.1222 per share, which is 4.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.4000 to ¥5.47). Read the values as a conservative anchor, not as a price target.
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 best evidence ¥2.73 ¥2.68 ¥2.30 76
Growth-Adj P/E ¥2.88 ¥4.11 ¥5.34 67
Gordon GGM ¥0.6600 ¥1.37 ¥2.17 66
All 14 models by family
Earnings-Based
Graham-Dodd ¥0.7800 ¥5.47 ¥7.67 63
Lynch FV ¥2.27 ¥3.24 ¥4.21 61
PEG = 1.0 ¥2.27 ¥3.24 ¥4.21 57
Dividend Discount
Gordon GGM ¥0.6600 ¥1.37 ¥2.17 66
DDM Multi-Stage ¥0.6600 ¥1.15 ¥1.44 66
Multiples
P/E Multiple ¥1.90 ¥2.54 ¥3.17 63
P/S Multiple ¥1.47 ¥1.96 ¥2.45 58
P/B Multiple ¥1.47 ¥1.96 ¥2.45 55
EV/EBIT ¥0.4000 ¥0.8900 61
EV/EBITDA ¥1.31 ¥2.27 ¥3.23 65
EV/Revenue ¥0.3900 50
Asset-Based
NCAV (Graham) ¥1.87 ¥2.50 ¥3.74 54
Economic Profit
Residual Income best evidence ¥2.73 ¥2.68 ¥2.30 76
Growth Earnings
Growth-Adj P/E ¥2.88 ¥4.11 ¥5.34 67

Widest divergence: Growth Earnings (¥4.11) versus Dividend Discount (¥1.15). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 106.1
P/S ratio 5.96 P/E × margin
EPS (TTM) ¥0.2400 price ÷ EPS = P/E 106.1
Dividend yield 0.2% payout 24.2%
Net margin 5.6% FY2025
Return on equity 4.8% TTM
More key figures
Profitability
Return on assets (EBIT) 0.1% avg 5y
Operating margin 16.4% TTM
Growth
Revenue (TTM) 1.0B CNY TTM
Revenue growth (YoY) +58.4% 3y avg +19.7%
EPS growth (YoY) +34.3%
Balance sheet & cash flow
Free cash flow −81.6M CNY FY2025
Net debt 848M CNY FY2025

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 28

Profitability 27
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Shenzhen Chipscreen Biosciences Co., Ltd. engages in the research and development of original small molecule drugs. The company develops Chidamide, a subtype-selective histone deacetylase inhibitor for the treatment of peripheral T-cell lymphoma and advanced hormone receptor-positive breast cancer; Chiglitazar Sodium, a PPAR pan-agonist for the treatment of …

Full company description

Shenzhen Chipscreen Biosciences Co., Ltd. engages in the research and development of original small molecule drugs. The company develops Chidamide, a subtype-selective histone deacetylase inhibitor for the treatment of peripheral T-cell lymphoma and advanced hormone receptor-positive breast cancer; Chiglitazar Sodium, a PPAR pan-agonist for the treatment of metabolic diseases; and Chiauranib, a triple-pathway tumor-targeting inhibitor. It is also developing CS23546, a small-molecule PD-L1 inhibitor; CS231295, a brain-penetrant Aurora B selective inhibitor; CS32582, a highly selective small-molecule allosteric inhibitor of tyrosine kinase 2; CS12088, a hepatitis B nucleocapsid assembly modulator; and CS12192 a highly selective JAK3 kinase inhibitor. The company was founded in 2001 and is headquartered in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenzhen Chipscreen Biosciences Co reported revenue of 910M CNY in FY2025 versus 430M CNY in FY2021, a compound +20.6%/yr. Reported net income was 51.1M CNY in FY2025, compounding +23.5%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
910M CNY
Latest YoY
+38.2%
Avg. revenue 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.
+19.7%
Avg. revenue 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.
+27.5%
Avg. revenue growth/yr (9Y) 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.
+30.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.7% (18.5 + 0.2)
Revenue +20.6%/yr
FY21 430M CNY
FY22 530M CNY
FY23 524M CNY
FY24 658M CNY
FY25 910M CNY
Net income +23.5%/yr
FY21 22.0M CNY
FY22 17.5M CNY
FY23 88.8M CNY
FY24 −115M CNY
FY25 51.1M CNY

688321 screens 851% overvalued. Compare with Merck KGaA →

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Cite: Fair Value Calculator (2026). "Shenzhen Chipscreen Biosciences Co Fair Value". https://www.fairvalue-calculator.com/stock/688321

Peer Group

Drug Manufacturers - Specialty & Generic · 635 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 53 · Above median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth 58% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.63× · Higher than 75% of peers

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

P/E (TTM) 106.1× · Pricier than 75% of peers
P/B 8.30× · Pricier than 75% of peers
P/S (TTM) 13.68× · Pricier than 75% of peers
EV/EBITDA 70.3× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 6
FUTURE100 · sector 21
PAST19 · sector 23
HEALTH69 · sector 97
DIVIDEND5 · sector 29

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

Similar stocks

10 more Drug Manufacturers - Specialty & Generic stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
Merck KGaA MRK €140.25 €106.48 −24%
Takeda Pharmaceutical Company TAK $18.03 $11.11 −38%
Jiangsu Hengrui Pharmaceuticals Co 600276 ¥53.76 ¥25.94 −52%
Sun Pharmaceutical Industries Limited SUNPHARMA ₹1,944 ₹989.50 −49%
Galderma Group GALD CHF 178.55 CHF 55.07 −69%
Haleon plc HLN $10.11 $7.64 −24%
Teva Pharmaceutical Industries Limited TEVA $36.05 $15.33 −57%
Sandoz Group SDZ CHF 70.66 CHF 39.21 −45%
Zoetis Inc ZTS $77.10 $104.88 +36%
Hansoh Pharmaceutical Group 3692 HK$33.50 HK$16.14 −52%

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Frequently asked questions

Is Shenzhen Chipscreen Biosciences Co (688321) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of ¥2.68 versus a price of ¥25.47, about −89% upside (overvalued).
What is the fair value of 688321?
Our model-based fair value for Shenzhen Chipscreen Biosciences Co is ¥2.68 (as of Sep 2, 2026), built from audited fundamentals. The current price: ¥25.47.
What is the quality score of 688321?
Shenzhen Chipscreen Biosciences Co has a Quality Score of 53/100. 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 Shenzhen Chipscreen Biosciences Co (688321)?
Shenzhen Chipscreen Biosciences Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Sep 2, 2026).
What is the net profit margin of 688321?
The net profit margin of Shenzhen Chipscreen Biosciences Co is about 9.8%, meaning it keeps roughly 9.8% of revenue as net income. Based on the latest reported figures.
Does Shenzhen Chipscreen Biosciences Co pay a dividend?
Shenzhen Chipscreen Biosciences Co currently shows a dividend yield of about 0.23% relative to its recent price (as of Sep 2, 2026).
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