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Chemclin Diagnostics Co (688468) Fair Value & Analysis

Healthcare · CN · Market cap 2.4B CNY

CD Chemclin Diagnostics Co 688468 · SHG
Price¥6.35
Fair Value¥1.84
Upside-71.0%
Quality49/100
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Weak Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 38/100
Evidence: High Range ¥1.34 – ¥2.34 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 30 days ago

Share price +5.7% over the past month.

Below-average quality, and screening another 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.34). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥27.52 ¥5.22 Fair Value ¥1.84 Apr 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 ¥5.22 – ¥27.52 · fair‑value band ¥1.34 – ¥2.34 · the ¥6.35 price screens above the ¥1.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Chemclin Diagnostics Co (688468) currently trades at ¥6.35, while our model-based Fair Value estimate is ¥1.84, implying the stock looks roughly 71.0% overvalued today. The Quality Score stands at 49/100 (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: high).

Over the trailing twelve months, Chemclin Diagnostics Co generated revenue of 325M CNY at a net margin of 11.8%. Revenue declined 9.8% year over year. It earns a return on equity of 2.7%. Net debt stands at 54.3M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥1.34 (bear case) to ¥2.34 (bull case); at ¥6.35, 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 30% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -48% fair-value upside, at -71%, 688468 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 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
Growth DCF ¥0.4400 ¥0.6400 ¥0.9600 80
Residual Income ¥2.54 ¥2.50 ¥2.13 76
Rev-Margin DCF ¥0.7200 ¥1.20 ¥1.79 74
All 24 models by family
DCF Models
FCF DCF ¥0.4200 ¥0.6200 ¥0.9900 38
Owner Earnings ¥0.5800 ¥0.8400 ¥1.31 31
5Y Revenue Exit ¥0.7200 ¥1.19 ¥1.88 39
5Y EBITDA Exit ¥1.52 ¥2.59 ¥4.00 41
5Y P/E Exit ¥1.03 ¥1.73 ¥2.56 38
10Y Revenue Exit ¥0.5600 ¥0.9000 ¥1.27 36
10Y EBITDA Exit ¥1.07 ¥1.75 ¥2.48 37
10Y P/E Exit ¥0.7700 ¥1.22 ¥1.66 35
Earnings-Based
Graham-Dodd ¥0.7500 ¥0.9200 ¥1.04 54
EPV ¥0.7600 ¥0.9000 ¥1.02 59
Dividend Discount
Gordon GGM ¥1.20 ¥1.31 ¥1.47 70
DDM Multi-Stage ¥1.20 ¥1.48 ¥1.87 61
Multiples
P/E Multiple ¥1.83 ¥2.44 ¥3.04 63
P/S Multiple ¥1.41 ¥1.88 ¥2.35 58
P/B Multiple ¥1.41 ¥1.88 ¥2.35 55
EV/EBIT ¥1.46 ¥2.00 ¥2.53 53
EV/EBITDA ¥2.66 ¥3.59 ¥4.53 54
EV/Revenue ¥1.01 ¥1.50 ¥1.98 43
Asset-Based
NCAV (Graham) ¥1.76 ¥2.36 ¥3.52 50
Growth DCF
Growth DCF ¥0.4400 ¥0.6400 ¥0.9600 80
Rev-Margin DCF ¥0.7200 ¥1.20 ¥1.79 74
Economic Profit
Residual Income ¥2.54 ¥2.50 ¥2.13 76
ROIC Compounder ¥0.7600 ¥0.9000 ¥1.02 72
Growth Earnings
Growth-Adj P/E ¥1.29 ¥1.84 ¥2.39 68

Widest divergence: Asset-Based (¥2.36) versus Growth DCF (¥0.6400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 325M CNY
Revenue growth (YoY) -9.8%
Net margin 11.8%
Return on equity 2.7%
Free cash flow 24.0M CNY FY2025
P/E ratio 67.1
More key figures
Operating margin 9.7%
EPS (TTM) ¥0.0900
EPS growth (YoY) -50.0%
Net debt 54.3M CNY FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 51 · Market factors (momentum, volatility) 38

Profitability 28
Margins and returns on capital today
Quality Growth 6
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 73
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

Chemclin Diagnostics Co., Ltd. engages in the research and development, production, and sale of clinical immune chemiluminescence diagnostic reagents and instruments.

Full company description

Chemclin Diagnostics Co., Ltd. engages in the research and development, production, and sale of clinical immune chemiluminescence diagnostic reagents and instruments. Its products include LiCAA series of diagnostic reagents based on photo-induced chemiluminescence and CC series based on enzymatic chemiluminescence diagnostic reagents and instruments, primarily used for infectious diseases, such as hepatitis B, hepatitis C, AIDS, syphilis, hepatitis A, hepatitis E, etc.; and detection of tumor markers, thyroid hormones, reproductive endocrine hormones, cardiac markers, and inflammation. The company was founded in 2007 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chemclin Diagnostics Co reported revenue of ¥333M in FY2025 versus ¥471M in FY2021, a compound −8.3%/yr. Reported net income was ¥44.4M in FY2025, compounding −25.3%/yr from FY2021.

Growth Quality 31/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
333M CNY
Latest YoY
−23.7%
Avg. 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.
−10.6%
Avg. 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.
−4.5%
Avg. growth/yr (8Y) 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.
+0.5%
Revenue −8.3%/yr
FY21 ¥471M
FY22 ¥465M
FY23 ¥445M
FY24 ¥436M
FY25 ¥333M
Net income −25.3%/yr
FY21 ¥143M
FY22 ¥153M
FY23 ¥147M
FY24 ¥127M
FY25 ¥44.4M

688468 screens 71% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "Chemclin Diagnostics Co Fair Value". https://www.fairvalue-calculator.com/stock/688468

Peer Group

Diagnostics & Research · 135 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 49 · Below median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 3% · Above median
Return on assets 1% · Below median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth -10% · Bottom 25%
Debt / equity 0.11× · Higher than median

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/E (TTM) 67.1× · Pricier than 75% of peers
P/B 1.72× · Cheaper than median
P/S (TTM) 7.46× · Pricier than 75% of peers
P/FCF 15.0× · Pricier than median
EV/EBITDA 33.9× · Pricier 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 25
PAST 11 · sector 11
HEALTH 94 · sector 96
DIVIDEND 0 · sector 21

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 Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $543.19 $308.19 -43%
Danaher Corporation DHR $199.66 $103.88 -48%
WuXi AppTec Co 2359 HK$160.70 HK$125.20 -22%
Lonza Group LONN CHF 567.80 CHF 259.80 -54%
IDEXX Laboratories, Inc IDXX $567.44 $255.77 -55%
Agilent Technologies, Inc A $131.46 $62.70 -52%
Waters Corporation WAT $368.98 $121.96 -67%
IQVIA Holdings IQV $207.85 $134.18 -35%
Integrated Diagnostics Holdings IDHC $0.0050 $0.0053 +5%
Illumina, Inc ILMN $186.65 $95.51 -49%

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Frequently asked questions

Is Chemclin Diagnostics Co (688468) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥1.84 versus a price of ¥6.35, about −71% (overvalued).
What is the fair value of 688468?
Our model-based fair value for Chemclin Diagnostics Co is ¥1.84 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥6.35.
What is the quality score of 688468?
Chemclin Diagnostics Co has a Quality Score of 49/100. 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 Chemclin Diagnostics Co (688468)?
Chemclin Diagnostics Co reported trailing-twelve-month revenue of about 325M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688468?
The net profit margin of Chemclin Diagnostics Co is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. 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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