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ShuYu Civilian Pharmacy Corp. Ltd. (301017) Fair Value & Analysis

Healthcare · CN · Market cap 5.5B CNY (≈ $822M) · ISIN CNE100004LT4

What is ShuYu Civilian Pharmacy Corp. Ltd. really worth?

SC ShuYu Civilian Pharmacy Corp. Ltd. 301017 · SHE
Price¥13.15
Fair Value¥5.91
Upside−55.1%
Quality60/100

A solid business, but trading 123% above our fair value of ¥5.91.

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Strengths

Healthy Growth (revenue 5y +17.4 %/yr)
Moderate debt · generates free cash flow

Risks

!Thin margins · 0.9% net margin
!Trails peers (4/14)
!Narrow moat 26/100
!Weak on past: 19 out of 100
!Weak on dividend: 7 out of 100

For context

·0.34% dividend yield
Evidence: High Range ¥4.44 – ¥7.39

Fair value as of: Aug 27, 2026

From 24 valuation models · updated 9 days ago

Share price −5.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥7.39). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥34.23 ¥8.94 Fair Value ¥5.91 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range ¥8.94 – ¥34.23 · fair‑value band ¥4.44 – ¥7.39 · the ¥13.15 price screens above the ¥5.91 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

ShuYu Civilian Pharmacy Corp. Ltd. (301017) currently trades at ¥13.15, while our model-based Fair Value estimate is ¥5.91, implying the stock looks roughly 122.5% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of ¥18.93 per share, and 11 of the 24 models we run sit above the ¥13.15 price. Bear case: the Asset-Based group reads lowest at ¥3.52, and 13 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, ShuYu Civilian Pharmacy Corp. Ltd. generated revenue of 10.6B CNY at a net margin of 0.9%. Revenue grew 9.4% year over year. It earns a return on equity of 4.7%. Net debt stands at 822M CNY. Fundamentals as of Aug 27, 2026

Our scenario range runs from ¥4.44 (bear case) to ¥7.39 (bull case); at ¥13.15, 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 43% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −19% fair-value upside, at −55%, 301017 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.1387 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ¥19.75 ¥36.18 ¥64.57 77
Growth DCF ¥19.44 ¥33.98 ¥57.95 76
Residual Income ¥4.01 ¥4.05 ¥3.89 76
All 24 models by family
DCF Models
FCF DCF ¥19.75 ¥36.18 ¥64.57 77
Owner Earnings ¥11.18 ¥20.44 ¥36.44 73
5Y Revenue Exit ¥9.89 ¥14.94 ¥21.41 72
5Y EBITDA Exit ¥16.11 ¥28.05 ¥43.12 74
5Y P/E Exit ¥9.30 ¥13.69 ¥18.49 71
10Y Revenue Exit ¥12.94 ¥18.93 ¥27.53 67
10Y EBITDA Exit ¥17.18 ¥28.45 ¥45.72 67
10Y P/E Exit ¥12.72 ¥18.02 ¥25.09 64
Earnings-Based
Graham-Dodd ¥1.92 ¥9.63 ¥13.30 64
Lynch FV ¥2.61 ¥3.73 ¥4.85 61
PEG = 1.0 ¥2.61 ¥3.73 ¥4.85 57
EPV ¥4.08 ¥4.71 ¥5.25 71
Multiples
P/E Multiple ¥4.44 ¥5.91 ¥7.39 63
P/S Multiple ¥3.59 ¥4.79 ¥5.98 58
P/B Multiple ¥3.59 ¥4.79 ¥5.98 55
EV/EBIT ¥7.15 ¥9.50 ¥11.85 66
EV/EBITDA ¥15.44 ¥20.55 ¥25.65 67
EV/Revenue ¥5.14 ¥7.29 ¥9.45 53
Asset-Based
NCAV (Graham) ¥2.63 ¥3.52 ¥5.25 54
Growth DCF
Growth DCF ¥19.44 ¥33.98 ¥57.95 76
Rev-Margin DCF ¥9.89 ¥15.04 ¥21.89 72
Economic Profit
Residual Income ¥4.01 ¥4.05 ¥3.89 76
ROIC Compounder ¥4.08 ¥4.71 ¥5.25 72
Growth Earnings
Growth-Adj P/E ¥3.97 ¥5.68 ¥7.38 67

Widest divergence: DCF Models (¥18.93) versus Asset-Based (¥3.52). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 52.6
P/S ratio 0.58 P/E × margin
EPS (TTM) ¥0.2500 price ÷ EPS = P/E 52.6
Dividend yield 0.3% payout 18.0%
Net margin 1.1% FY2025
Return on equity 4.7% TTM
More key figures
Profitability
Return on assets (EBIT) 3.1% avg 5y
Operating margin 2.0% TTM
Growth
Revenue (TTM) 10.6B CNY TTM
Revenue growth (YoY) +9.4% 3y avg +9.7%
EPS growth (YoY) −50.0%
Balance sheet & cash flow
Free cash flow 631M CNY FY2025
Net debt 822M CNY FY2025 · ≈ 1.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 58 · Market factors (momentum, volatility) 38

Profitability 41
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

ShuYu Civilian Pharmacy Corp., Ltd. engages in the pharmaceutical retail chain business in China. The company is also involved in the pharmaceutical wholesale business. ShuYu Civilian Pharmacy Corp., Ltd. was founded in 1999 and is based in Jinan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ShuYu Civilian Pharmacy Corp. Ltd. reported revenue of 10.3B CNY in FY2025 versus 5.3B CNY in FY2021, a compound +18.0%/yr. Reported net income was 114M CNY in FY2025, compounding −0.2%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
10.3B CNY
Latest YoY
+7.9%
Avg. revenue 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.
+9.7%
Avg. revenue 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.
+17.4%
Avg. revenue growth/yr (6Y) 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.
+20.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+4.1% (3.8 + 0.3)
Revenue +18.0%/yr
FY21 5.3B CNY
FY22 7.8B CNY
FY23 9.2B CNY
FY24 9.6B CNY
FY25 10.3B CNY
Net income −0.2%/yr
FY21 115M CNY
FY22 229M CNY
FY23 133M CNY
FY24 −189M CNY
FY25 114M CNY

301017 screens 123% overvalued. Compare with JD Health International Inc →

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Cite: Fair Value Calculator (2026). "ShuYu Civilian Pharmacy Corp. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/301017

Peer Group

Pharmaceutical Retailers · 57 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 60 · Top 25%
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 9% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.56× · Higher than 75% of peers

Valuation Multiples vs Pharmaceutical Retailers median · lower = cheaper

P/E (TTM) 52.6× · Pricier than 75% of peers
P/B 2.58× · Pricier than median
P/S (TTM) 0.52× · Pricier than median
P/FCF 1.3× · Cheaper than median
EV/EBITDA 23.2× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 20
FUTURE47 · sector 19
PAST19 · sector 15
HEALTH72 · sector 98
DIVIDEND7 · sector 63

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

Similar stocks

10 more Pharmaceutical Retailers stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
JD Health International Inc 6618 HK$38.86 HK$33.31 −14%
Alibaba Health Information Technology Limited 0241 HK$3.26 HK$2.04 −37%
Yifeng Pharmacy Chain Co 603939 ¥22.90 ¥29.07 +27%
DaShenLin Pharmaceutical Group 603233 ¥18.79 ¥23.86 +27%
MedPlus Health Services Limited MEDPLUS ₹656.80 ₹191.97 −71%
LBX Pharmacy Chain Joint Stock Company 603883 ¥13.44 ¥10.57 −21%
Yixintang Pharmaceutical Group 002727 ¥11.61 ¥9.45 −19%
Anhui Huaren Health Pharmaceutical Co 301408 ¥16.31 ¥10.05 −38%
Apotea AB APOTEA kr 74.15 kr 46.46 −37%
Luyan Pharma Co 002788 ¥10.96 ¥15.91 +45%

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Frequently asked questions

Is ShuYu Civilian Pharmacy Corp. Ltd. (301017) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of ¥5.91 versus a price of ¥13.15, about −55% upside (overvalued).
What is the fair value of 301017?
Our model-based fair value for ShuYu Civilian Pharmacy Corp. Ltd. is ¥5.91 (as of Aug 27, 2026), built from audited fundamentals. The current price: ¥13.15.
What is the quality score of 301017?
ShuYu Civilian Pharmacy Corp. Ltd. has a Quality Score of 60/100. 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 ShuYu Civilian Pharmacy Corp. Ltd. (301017)?
ShuYu Civilian Pharmacy Corp. Ltd. reported trailing-twelve-month revenue of about 10.6B CNY (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 301017?
The net profit margin of ShuYu Civilian Pharmacy Corp. Ltd. is about 0.9%, meaning it keeps roughly 0.9% of revenue as net income. Based on the latest reported figures.
Does ShuYu Civilian Pharmacy Corp. Ltd. pay a dividend?
ShuYu Civilian Pharmacy Corp. Ltd. currently shows a dividend yield of about 0.34% relative to its recent price (as of Aug 27, 2026).
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