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Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co (688505) Fair Value & Analysis

Healthcare · CN · Market cap 7.1B CNY

SF Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co 688505 · SHG
Price¥7.90
Fair Value¥2.34
Upside-70.4%
Quality61/100
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Weak Growth
Loss-making · -23.3% net margin
generates free cash flow
Trails peers (3/11)
Narrow moat 24/100
Evidence: Medium Range ¥1.93 – ¥2.74 Share as image

Fair value as of: Jul 7, 2026

From 9 valuation models · updated 34 days ago

Fair value updated Jul 7, 2026, revised from ¥13.55 to ¥2.34 (−82.7%) since Jun 24, 2026. Share price +5.6% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.74). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥20.18 ¥6.07 Fair Value ¥2.34 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

60‑month range ¥6.07 – ¥20.18 · fair‑value band ¥1.93 – ¥2.74 · the ¥7.90 price screens above the ¥2.34 fair value. Dashed = 300-day average. As of Jul 7, 2026.

Full chart & analysis →

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Analysis

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co (688505) currently trades at ¥7.90, while our model-based Fair Value estimate is ¥2.34, implying the stock looks roughly 70.4% overvalued today. The Quality Score stands at 61/100 (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: medium).

Over the trailing twelve months, Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co generated revenue of 655M CNY at a net margin of -23.3%. Revenue declined 17.2% year over year. It earns a return on equity of -6.9%. The balance sheet holds a net cash position of 1.0B CNY. Fundamentals as of Jul 7, 2026

Our scenario range runs from ¥1.93 (bear case) to ¥2.74 (bull case); at ¥7.90, 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 32% below its 52-week high and 20% 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 -70%, 688505 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥2.34 ¥3.18 ¥4.53 72
Gordon GGM ¥0.2600 ¥0.5200 ¥0.7900 70
Rev-Margin DCF ¥2.13 ¥2.83 ¥3.73 67
All 9 models by family
DCF Models
FCF DCF ¥2.35 ¥3.27 ¥4.79 38
5Y Revenue Exit ¥2.13 ¥2.84 ¥3.80 39
10Y Revenue Exit ¥2.16 ¥2.85 ¥3.88 36
Dividend Discount
Gordon GGM ¥0.2600 ¥0.5200 ¥0.7900 70
DDM Multi-Stage ¥0.2600 ¥0.4500 ¥0.5500 61
Multiples
EV/Revenue ¥2.04 ¥2.44 ¥2.85 43
Asset-Based
NCAV (Graham) ¥1.01 ¥1.35 ¥2.02 50
Growth DCF
Growth DCF ¥2.34 ¥3.18 ¥4.53 72
Rev-Margin DCF ¥2.13 ¥2.83 ¥3.73 67

Widest divergence: DCF Models (¥2.85) versus Dividend Discount (¥0.4500). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) 655M CNY
Revenue growth (YoY) -17.2%
Net margin -23.3%
Return on equity -6.9%
Free cash flow 109M CNY FY2025
Operating margin 3.7%
More key figures
EPS (TTM) ¥-0.1500
EPS growth (YoY) +289%
Net cash 1.0B CNY FY2024

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 63 · Market factors (momentum, volatility) 41

Profitability 13
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 72
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

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co.,Ltd., engages in the research, development, manufacture, and sale of biopharmaceutical products in the People's Republic of China.

Full company description

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co.,Ltd., engages in the research, development, manufacture, and sale of biopharmaceutical products in the People's Republic of China. It offers photodynamic technology drugs, such as aminolevulinic acid hydrochloride and hemoporfin for Injection; doxorubicin liposome under the Libord brand; genetic engineering drugs; and oral solid preparation technology drugs. The company was founded in 1996 and is based in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co reported revenue of ¥686M in FY2025 versus ¥1.1B in FY2021, a compound −11.9%/yr. Reported net income was −¥157M in FY2025.

Growth Quality 23/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
686M CNY
Latest YoY
−3.3%
Avg. growth/yr (3Y)
−12.7%
Avg. growth/yr (5Y)
−3.8%
Avg. growth/yr (21Y)
+22.0%
Revenue −11.9%/yr
FY21 ¥1.1B
FY22 ¥1.0B
FY23 ¥851M
FY24 ¥709M
FY25 ¥686M
Net income
FY21 ¥213M
FY22 ¥138M
FY23 ¥109M
FY24 ¥39.7M
FY25 −¥157M

688505 screens 70% overvalued. Compare with Jiangsu Hengrui Pharmaceuticals Co →

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Cite: Fair Value Calculator (2026). "Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Fair Value". https://www.fairvalue-calculator.com/stock/688505

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 61 · Above median
Fair Value upside −70% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

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

P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 1.61× · Cheaper than median
P/FCF 9.6× · Pricier than 75% of peers

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 7, 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 Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co (688505) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of ¥2.34 versus a price of ¥7.90, about −70% (overvalued).
What is the fair value of 688505?
Our model-based fair value for Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co is ¥2.34 (as of Jul 7, 2026), built from audited fundamentals. The current price is ¥7.90.
What is the quality score of 688505?
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co has a Quality Score of 61/100. 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 Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co (688505)?
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co reported trailing-twelve-month revenue of about 655M CNY (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 688505?
The net profit margin of Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co is about -23.3%, 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.

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