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Chengdu Easton Biopharmaceuticals Co (688513) Fair Value & Analysis

Healthcare · CN · Market cap 8.3B CNY

CE Chengdu Easton Biopharmaceuticals Co 688513 · SHG
Price¥49.81
Fair Value¥34.97
Upside-29.8%
Quality70/100
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Mixed Growth
Highly profitable · 20.3% net margin
Low debt · generates free cash flow
1.07% dividend yield
Mixed vs. peers (8/14)
Moderate moat 55/100
Evidence: Medium Range ¥21.86 – ¥42.50 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥35.30 to ¥34.97 (−0.9%) since Jun 24, 2026. Share price −3.6% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥42.50). The favourable scenario is already priced in.
  • A fairly wide model range (¥21.86 to ¥42.50) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥78.80 ¥26.81 Fair Value ¥34.97 Feb 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 ¥26.81 – ¥78.80 · fair‑value band ¥21.86 – ¥42.50 · the ¥49.81 price screens above the ¥34.97 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Chengdu Easton Biopharmaceuticals Co (688513) currently trades at ¥49.81, while our model-based Fair Value estimate is ¥34.97, implying the stock looks roughly 29.8% overvalued today. The Quality Score stands at 70/100 (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, Chengdu Easton Biopharmaceuticals Co generated revenue of 1.4B CNY at a net margin of 20.3%. Revenue grew 6.7% year over year. It earns a return on equity of 8.8%. The balance sheet holds a net cash position of 861M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥21.86 (bear case) to ¥42.50 (bull case); at ¥49.81, 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 37% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -30%, 688513 screens cheaper 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 ¥17.49 ¥27.64 ¥44.66 80
Residual Income ¥14.00 ¥15.44 ¥22.64 76
Rev-Margin DCF ¥19.64 ¥32.38 ¥49.59 74
All 26 models by family
DCF Models
FCF DCF ¥17.76 ¥29.40 ¥50.02 38
Owner Earnings ¥25.89 ¥44.76 ¥78.18 31
5Y Revenue Exit ¥19.64 ¥32.91 ¥51.60 39
5Y EBITDA Exit ¥24.16 ¥42.63 ¥66.74 41
5Y P/E Exit ¥25.67 ¥45.87 ¥70.00 38
10Y Revenue Exit ¥18.33 ¥30.75 ¥51.12 36
10Y EBITDA Exit ¥21.86 ¥37.88 ¥64.03 37
10Y P/E Exit ¥22.86 ¥40.26 ¥66.80 35
Earnings-Based
Graham-Dodd ¥10.91 ¥58.05 ¥80.39 54
Lynch FV ¥16.01 ¥22.86 ¥29.72 50
PEG = 1.0 ¥16.01 ¥22.86 ¥29.72 46
EPV ¥19.15 ¥21.44 ¥23.41 59
Dividend Discount
Gordon GGM ¥3.82 ¥7.61 ¥11.53 70
DDM Multi-Stage ¥3.82 ¥6.58 ¥8.04 61
Multiples
P/E Multiple ¥26.47 ¥35.30 ¥44.12 63
P/S Multiple ¥19.80 ¥26.40 ¥33.00 58
P/B Multiple ¥20.46 ¥27.28 ¥34.10 55
EV/EBIT ¥27.24 ¥34.76 ¥42.29 53
EV/EBITDA ¥28.76 ¥36.80 ¥44.83 54
EV/Revenue ¥20.51 ¥27.29 ¥34.08 43
Asset-Based
NCAV (Graham) ¥8.12 ¥10.88 ¥16.23 50
Growth DCF
Growth DCF ¥17.49 ¥27.64 ¥44.66 80
Rev-Margin DCF ¥19.64 ¥32.38 ¥49.59 74
Economic Profit
Residual Income ¥14.00 ¥15.44 ¥22.64 76
ROIC Compounder ¥20.60 ¥26.55 ¥33.39 72
Growth Earnings
Growth-Adj P/E ¥24.22 ¥34.61 ¥44.99 68

Widest divergence: DCF Models (¥37.88) versus Dividend Discount (¥6.58). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.4B CNY
Revenue growth (YoY) +6.7%
Net margin 20.3%
Return on equity 8.8%
Free cash flow 179M CNY FY2025
P/E ratio 29.6
More key figures
Operating margin 12.5%
EPS (TTM) ¥1.58
Dividend yield 1.1%
EPS growth (YoY) -14.7%
Net cash 861M CNY FY2024

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

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 37

Profitability 53
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 89
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

Chengdu Easton Biopharmaceuticals Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and commercialization of pharmaceutical products. The company provides finished dosage forms comprising capsules, tablets, and injections, as well as active pharmaceutical ingredients (API).

Full company description

Chengdu Easton Biopharmaceuticals Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, and commercialization of pharmaceutical products. The company provides finished dosage forms comprising capsules, tablets, and injections, as well as active pharmaceutical ingredients (API). It also offers API products, such as Apixaban for cardiovascular applications; Apualutamide, Bosutinib, Dacomitinib, Ibrutinib, Nilotinib HCL, Nintedanib, Relugolix, and Ruxolitinib Phosphate for oncological applications; Bricaracetam and Lacosamide for neurological and psychiatric applications; and Empagliflozin for anti-diabetic applications. The company was founded in 2009 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chengdu Easton Biopharmaceuticals Co reported revenue of ¥1.3B in FY2025 versus ¥1.0B in FY2021, a compound +6.8%/yr. Reported net income was ¥283M in FY2025, compounding +5.1%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.3B CNY
Latest YoY
−1.4%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+7.6%
Avg. growth/yr (12Y)
+19.2%
Revenue +6.8%/yr
FY21 ¥1.0B
FY22 ¥1.2B
FY23 ¥1.1B
FY24 ¥1.3B
FY25 ¥1.3B
Net income +5.1%/yr
FY21 ¥232M
FY22 ¥247M
FY23 ¥227M
FY24 ¥238M
FY25 ¥283M

688513 screens 30% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Chengdu Easton Biopharmaceuticals Co Fair Value". https://www.fairvalue-calculator.com/stock/688513

Peer Group

Biotechnology · 603 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 70 · Top 25%
Fair Value upside −30% · Above median
Return on equity (TTM) 9% · Top 25%
Return on assets 3% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 29.6× · Pricier than median
P/B 2.88× · Pricier than median
P/S (TTM) 6.11× · Pricier than median
P/FCF 6.9× · Pricier than median
EV/EBITDA 27.0× · Pricier than median

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 34 · sector 0
PAST 35 · sector 0
HEALTH 99 · sector 97
DIVIDEND 21 · sector 23

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

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Chengdu Easton Biopharmaceuticals Co (688513) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥34.97 versus a price of ¥49.81, about −30% (overvalued).
What is the fair value of 688513?
Our model-based fair value for Chengdu Easton Biopharmaceuticals Co is ¥34.97 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥49.81.
What is the quality score of 688513?
Chengdu Easton Biopharmaceuticals Co has a Quality Score of 70/100. 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 Chengdu Easton Biopharmaceuticals Co (688513)?
Chengdu Easton Biopharmaceuticals Co reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688513?
The net profit margin of Chengdu Easton Biopharmaceuticals Co is about 20.3%, meaning it keeps roughly 20.3% of revenue as net income. Based on the latest reported figures.
Does Chengdu Easton Biopharmaceuticals Co pay a dividend?
Chengdu Easton Biopharmaceuticals Co currently shows a dividend yield of about 1.07% relative to its recent price (as of Jul 12, 2026).

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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