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HeXun Biosciences Co (6986) Fair Value & Analysis

Healthcare · TW · Market cap 2.3B TWD

HB HeXun Biosciences Co 6986 · TWO
Price44.50 TWD
Fair Value51.72 TWD
Upside+16.2%
Quality61/100
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Mixed Growth
Highly profitable · 38.2% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 79/100
Evidence: High Range 33.00 TWD – 64.96 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 47.15 TWD to 51.72 TWD (+9.7%) since Jul 12, 2026. Share price −5.3% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • A fairly wide model range (33.00 TWD to 64.96 TWD) leaves room in how you read the outcome.
  • Our model range runs from 33.00 TWD (bear) to 64.96 TWD (bull), base 51.72 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (8 months)

70.00 TWD 43.55 TWD Fair Value 51.72 TWD Dec 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 23, 2026.

How to read this chart

8‑month range 43.55 TWD – 70.00 TWD · fair‑value band 33.00 TWD – 64.96 TWD · the 44.50 TWD price screens below the 51.72 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 23, 2026.

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Analysis

HeXun Biosciences Co (6986) currently trades at 44.50 TWD, while our model-based Fair Value estimate is 51.72 TWD, implying the stock looks roughly 16.2% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, HeXun Biosciences Co generated revenue of 293M TWD at a net margin of 38.2%. Revenue grew 2.9% year over year. It earns a return on equity of 16.4%. The balance sheet holds a net cash position of 166M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 33.00 TWD (bear case) to 64.96 TWD (bull case); at 44.50 TWD, the current price sits within 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 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 16%, 6986 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 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 42.68 TWD 77.64 TWD 133.95 TWD 80
Rev-Margin DCF 25.33 TWD 37.93 TWD 64.61 TWD 74
ROIC Compounder 28.44 TWD 41.61 TWD 49.82 TWD 72
All 24 models by family
DCF Models
FCF DCF 45.19 TWD 67.42 TWD 136.74 TWD 38
Owner Earnings 35.89 TWD 74.69 TWD 153.14 TWD 31
5Y Revenue Exit 23.56 TWD 33.60 TWD 54.27 TWD 39
5Y EBITDA Exit 36.06 TWD 58.88 TWD 103.55 TWD 41
5Y P/E Exit 39.54 TWD 81.15 TWD 137.46 TWD 38
10Y Revenue Exit 29.95 TWD 51.08 TWD 61.46 TWD 36
10Y EBITDA Exit 39.30 TWD 77.39 TWD 142.15 TWD 37
10Y P/E Exit 41.78 TWD 84.72 TWD 154.36 TWD 35
Earnings-Based
Graham-Dodd 14.60 TWD 101.79 TWD 142.85 TWD 54
Lynch FV 52.59 TWD 75.13 TWD 97.67 TWD 50
PEG = 1.0 52.59 TWD 75.13 TWD 97.67 TWD 46
EPV 22.09 TWD 24.94 TWD 27.41 TWD 59
Multiples
P/E Multiple 32.20 TWD 42.93 TWD 53.66 TWD 63
P/S Multiple 10.55 TWD 14.06 TWD 17.58 TWD 58
P/B Multiple 27.37 TWD 36.49 TWD 45.61 TWD 55
EV/EBIT 34.55 TWD 44.74 TWD 54.92 TWD 53
EV/EBITDA 31.48 TWD 40.64 TWD 49.80 TWD 54
EV/Revenue 13.84 TWD 18.05 TWD 22.27 TWD 43
Asset-Based
NCAV (Graham) 7.11 TWD 9.53 TWD 14.22 TWD 50
Growth DCF
Growth DCF 42.68 TWD 77.64 TWD 133.95 TWD 80
Rev-Margin DCF 25.33 TWD 37.93 TWD 64.61 TWD 74
Economic Profit
Residual Income 14.04 TWD 18.33 TWD 50.38 TWD 61
ROIC Compounder 28.44 TWD 41.61 TWD 49.82 TWD 72
Growth Earnings
Growth-Adj P/E 67.77 TWD 96.81 TWD 125.85 TWD 68

Widest divergence: Growth Earnings (96.81 TWD) versus Asset-Based (9.53 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 293M TWD
Revenue growth (YoY) +2.9%
Net margin 38.2%
Return on equity 16.4%
Free cash flow 135M TWD FY2025
P/E ratio 18.3
More key figures
Operating margin 42.0%
EPS (TTM) 2.43 TWD
EPS growth (YoY) -1.2%
Net cash 166M TWD FY2024

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 64 · Market factors (momentum, volatility) 30

Profitability 63
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 44
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

HeXun Biosciences Co., Ltd. engages in the research and development of stem cell drug development and cardiovascular disease treatments in Taiwan. It provides contract manufacturing; commissioned inspection; aseptic filling; and consulting services. The company was founded in 2019 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HeXun Biosciences Co reported revenue of 293M TWD in FY2025 versus 0 TWD in FY2021. Reported net income was 112M TWD in FY2025.

Growth Quality 90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
293M TWD
Latest YoY
+2.4%
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.
+81.0%
Revenue
FY21 0 TWD
FY22 49.5M TWD
FY23 131M TWD
FY24 286M TWD
FY25 293M TWD
Net income
FY21 −43.0M TWD
FY22 −5.2M TWD
FY23 33.5M TWD
FY24 147M TWD
FY25 112M TWD

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Cite: Fair Value Calculator (2026). "HeXun Biosciences Co Fair Value". https://www.fairvalue-calculator.com/stock/6986

Peer Group

Biotechnology · 606 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 · Top 25%
Fair Value upside +16% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 38% · Top 25%
Operating margin (TTM) 42% · Top 25%
Revenue growth 3% · Above median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 18.3× · Cheaper than median
P/B 3.13× · Pricier than median
P/S (TTM) 7.92× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 14.9× · Cheaper 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 55 · sector 0
FUTURE 15 · sector 0
PAST 66 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 23

Insider activity: 45/100

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 23, 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 HeXun Biosciences Co (6986) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 51.72 TWD versus a price of 44.50 TWD, about +16% (undervalued).
What is the fair value of 6986?
Our model-based fair value for HeXun Biosciences Co is 51.72 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 44.50 TWD.
What is the quality score of 6986?
HeXun Biosciences 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 HeXun Biosciences Co (6986)?
HeXun Biosciences Co reported trailing-twelve-month revenue of about 293M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6986?
The net profit margin of HeXun Biosciences Co is about 38.2%, meaning it keeps roughly 38.2% 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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