Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B $0.39, price $0.44, upside -11.4%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range $0.3750 – $0.9737 · fair‑value band $0.3500 – $0.3900 · the $0.4400 price screens above the $0.3900 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd., together with its subsidiaries, operates as a pharmaceutical manufacturing holding investment company in China.
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Shanghai Shenqi Pharmaceutical Investment Management Co., Ltd., together with its subsidiaries, operates as a pharmaceutical manufacturing holding investment company in China. The company engages in the research and development, and production of anti-tumor, cardiovascular, cerebrovascular, rheumatism bone pain, tonic and sedative, cold and cough, anti-fungal, gynecology, and other treatment fields. Its products include prescription drugs and OTC products, including products include sodium cantharidate vitamin B6 injection, sodium cantharidin injection, loquat cough granules, strong loquat dew, loquat cough capsules, jinwu gutong capsules, coral ringworm net, jingwu capsules, quantianma capsules, yindan xintai pills, etc. The company was founded in 1990 and is based in Shanghai, China.
Stock analysis
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904) currently trades at $0.4400, while our model-based Fair Value estimate is $0.3900, 11.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $0.4300 per share, and 7 of the 22 models we run sit above the $0.4400 price.
Bear case: the Earnings-Based group reads lowest at $0.0900, and 15 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.3500 (bear) to $0.3900 (bull), the price of $0.4400 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Healthcare sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B reported revenue of 2.0B CNY in FY2025 versus 2.3B CNY in FY2021, a compound −4.0%/yr. Reported net income was 38.2M CNY in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap $235M · P/E ratio 44.0 · P/S ratio 0.86 · EPS (TTM) $0.0100 · Net margin 2.0% · Return on equity 1.3% · Return on assets (EBIT) 3.4% · Operating margin 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −1% fair-value upside, at −11%, 900904 screens richer than that median.
Fair Value models
Bear $0.3500Fair Value $0.3900Bull $0.3900
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−13.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.0%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 6%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Drug Manufacturers - General · 73 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Below median
Fair Value upside−11.4% · Below median
Profitability
Return on equity (TTM)1.3% · Bottom 25%
Return on assets1.4% · Bottom 25%
Net margin (TTM)1.5% · Bottom 25%
Operating margin (TTM)5.0% · Bottom 25%
Growth and dividend
Revenue growth−11.6% · Bottom 25%
Dividend yield (TTM)15.9% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Drug Manufacturers - General median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900904
Frequently asked questions
Is Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $0.3900 versus a price of $0.4400, about −11% upside (overvalued).
What is the fair value of 900904?
Our model-based fair value for Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is $0.3900 (as of Oct 3, 2026), built from audited fundamentals. The current price: $0.4400.
What is the quality score of 900904?
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B has a Quality Score of 58/100. 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 price target for Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Our model-based price target is the fair value of $0.3900 (as of Oct 3, 2026) from 22 valuation models. Cautious scenario $0.3500, optimistic scenario $0.3900. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B stock forecast for 2026?
Our models put fair value at $0.3900, about −11% upside versus a price of $0.4400 (overvalued). Cautious scenario $0.3500, optimistic scenario $0.3900. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Oct 3, 2026).
What growth is priced into Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
For today's price to be fair in a discounted-cash-flow model, Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 900904 use?
Our models discount Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B at 11.9 %: a base by market capitalisation (micro), damped by beta 0.56, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B that is less than minus 40 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904) delivered so far?
Over the past 5 years revenue at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B grew +1.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904) growing?
The median revenue growth in the sector is +5.1 % a year. That is the yardstick for the growth priced into Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The free-cash-flow yield on the price is 38.83 %: that much free cash flow Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B it is $0.3900 per share (as of Oct 3, 2026), against a price of $0.4400. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 900904 trades above its calculated fair value: price $0.4400, fair value $0.3900, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 900904?
No. The price is what the market pays today ($0.4400); the fair value is what the company's own numbers justify ($0.3900). For Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B the two are $0.0500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B worth?
The market values Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B at about $235M (market capitalisation, as of Oct 3, 2026). Per share that is $0.4400; our models calculate a fair value of $0.3900 per share.
What do the bullish and bearish scenarios say about 900904?
Our models span a range for Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B: cautious scenario $0.3500, base $0.3900, optimistic $0.3900 per share (as of Oct 3, 2026, price $0.4400). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 900904?
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B trades at a price-to-earnings ratio of 44.0 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.3900 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.9, EV/EBITDA 7.3.
How solid is the balance sheet of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Balance-sheet figures for Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (as of Oct 3, 2026): return on equity 1.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 900904 from its 52-week high?
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B trades at $0.4400, about 18% below its 52-week high of $0.5370 and 7% above the low of $0.4100 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of $0.3900 is for.
Which stocks are comparable to Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B?
From the same area (Healthcare) we also value Eli Lilly and Company, Johnson & Johnson,, AbbVie Inc, Roche Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B stock attractive at the current price?
The data as of Oct 3, 2026: price $0.4400, calculated fair value $0.3900 (−11%), Quality Score 58/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 900904 calculated?
We run Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.3900, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The closing price on Sep 30, 2026 was $0.4400. Our model-based fair value is $0.3900, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B right now?
The price sits above even our optimistic bull case ($0.3900). The favourable scenario is already priced in. The models converge in a tight band ($0.3500 to $0.3900), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B
How large is the market capitalisation of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The market capitalisation of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is $235M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The price-to-sales ratio of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is 0.86 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Earnings per share at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B are $0.0100 (price ÷ EPS = P/E 44.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The net margin of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is 2.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The return on equity (ROE) of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is 1.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
On an EBIT basis the return on assets of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is 3.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
The operating margin of Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Revenue at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B is growing −11.6% versus a year earlier (3y avg −6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B (900904)?
Earnings per share at Shanghai Shenqi Pharmaceutical Investment Management Co Ltd B are growing −33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
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