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Sunshine Guojian Pharmaceutical (Shanghai) Co (688336) Fair Value & Analysis

Healthcare · CN · Market cap 42.9B CNY

SG Sunshine Guojian Pharmaceutical (Shanghai) Co 688336 · SHG
Price¥47.58
Fair Value¥78.27
Upside+64.5%
Quality82/100
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Healthy Growth
Highly profitable · 68.9% net margin
generates free cash flow
0.72% dividend yield
Ranks above peers (10/13)
Wide moat 92/100
Evidence: Medium Range ¥40.49 – ¥142.69 Share as image

Fair value as of: Aug 13, 2026

From 25 valuation models · updated today

Share price −9.0% over the past month.

A strong business, screening 65% undervalued on our models.

What matters now

  • The rarer combination: high quality (82/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The model range is unusually wide (¥40.49 to ¥142.69). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥62.92 ¥8.25 Fair Value ¥78.27 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥8.25 – ¥62.92 · fair‑value band ¥40.49 – ¥142.69 · the ¥47.58 price screens below the ¥78.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sunshine Guojian Pharmaceutical (Shanghai) Co (688336) currently trades at ¥47.58, while our model-based Fair Value estimate is ¥78.27, implying the stock looks roughly 64.5% undervalued today. The Quality Score stands at 82/100 (high 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: medium), always confirm before acting.

Over the trailing twelve months, Sunshine Guojian Pharmaceutical (Shanghai) Co generated revenue of 4.3B CNY at a net margin of 68.9%. Revenue grew 38.6% year over year. It earns a return on equity of 41.8%. The balance sheet holds a net cash position of 409M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥40.49 (bear case) to ¥142.69 (bull case); at ¥47.58, 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 51% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at 65%, 688336 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
Residual Income ¥36.95 ¥74.65 ¥2,522 76
Growth DCF ¥49.51 ¥91.90 ¥177.59 72
Gordon GGM ¥0.7800 ¥1.63 ¥2.58 70
All 25 models by family
DCF Models
FCF DCF ¥52.62 ¥82.68 ¥178.38 38
Owner Earnings ¥49.43 ¥112.20 ¥243.99 31
5Y Revenue Exit ¥22.52 ¥33.22 ¥55.13 39
5Y EBITDA Exit ¥44.80 ¥78.26 ¥143.85 41
5Y P/E Exit ¥55.42 ¥124.83 ¥219.65 38
10Y Revenue Exit ¥31.20 ¥55.22 ¥66.42 36
10Y EBITDA Exit ¥47.90 ¥103.19 ¥198.55 37
10Y P/E Exit ¥55.65 ¥126.07 ¥242.33 35
Earnings-Based
Graham-Dodd ¥22.30 ¥155.50 ¥218.22 54
Lynch FV ¥59.24 ¥84.63 ¥110.02 50
PEG = 1.0 ¥59.24 ¥84.63 ¥110.02 46
EPV ¥31.53 ¥36.75 ¥41.32 59
Dividend Discount
Gordon GGM ¥0.7800 ¥1.63 ¥2.58 70
DDM Multi-Stage ¥0.7800 ¥1.37 ¥1.71 61
Multiples
P/E Multiple ¥54.10 ¥72.14 ¥90.17 63
P/S Multiple ¥12.30 ¥16.40 ¥20.50 58
P/B Multiple ¥22.06 ¥29.42 ¥36.77 55
EV/EBIT ¥47.07 ¥62.68 ¥78.30 53
EV/EBITDA ¥40.25 ¥53.60 ¥66.94 54
EV/Revenue ¥10.05 ¥14.27 ¥18.49 43
Asset-Based
NCAV (Graham) ¥3.27 ¥4.38 ¥6.54 50
Growth DCF
Growth DCF ¥49.51 ¥91.90 ¥177.59 72
Economic Profit
Residual Income ¥36.95 ¥74.65 ¥2,522 76
ROIC Compounder ¥38.04 ¥52.70 ¥72.00 67
Growth Earnings
Growth-Adj P/E ¥76.83 ¥109.76 ¥142.69 68

Widest divergence: Growth Earnings (¥109.76) versus Dividend Discount (¥1.37). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 4.3B CNY
Revenue growth (YoY) +38.6%
Net margin 68.9%
Return on equity 41.8%
Free cash flow 2.8B CNY FY2025
P/E ratio 14.4
More key figures
Operating margin 44.0%
EPS (TTM) ¥3.31
Dividend yield 0.7%
EPS growth (YoY) +70.6%
Net cash 409M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 82/100

Of which business quality 80 · Market factors (momentum, volatility) 59

Profitability 83
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 57
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.

About the company

Sunshine Guojian Pharmaceutical (Shanghai) Co., Ltd, a biopharmaceutical company, engages in the research and development, production, and sale of antibody drugs.

Full company description

Sunshine Guojian Pharmaceutical (Shanghai) Co., Ltd, a biopharmaceutical company, engages in the research and development, production, and sale of antibody drugs. Its products include YISAIPU, a tumor necrosis factor inhibitor type II-antibody fusion protein for the treatment of autoimmune rheumatism and immunology; Septin, an injection for anti-human epidermal growth factor receptor-2 treatment; and Jiannipa, a recombinant anti-CD25 humanized monoclonal antibody injection to prevent acute rejection caused by kidney transplantation. The company was founded in 2002 and is based in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sunshine Guojian Pharmaceutical (Shanghai) Co reported revenue of ¥4.2B in FY2025 versus ¥929M in FY2021, a compound +45.8%/yr. Reported net income was ¥2.9B in FY2025, compounding +257.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.2B CNY
Latest YoY
+251.8%
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.
+72.0%
Avg. 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.
+45.0%
Avg. growth/yr (19Y) 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.
+28.7%
Revenue +45.8%/yr
FY21 ¥929M
FY22 ¥825M
FY23 ¥1.0B
FY24 ¥1.2B
FY25 ¥4.2B
Net income +257.2%/yr
FY21 ¥18.1M
FY22 ¥49.3M
FY23 ¥295M
FY24 ¥705M
FY25 ¥2.9B
Character of growth · EPS growth decomposed (2014-2025) +18.8 % p.a.
Revenue per share +8.2 pp

of which total revenue +10.5 pp · buybacks/dilution −2.3 pp

EBIT margin +12.9 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −3.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Sunshine Guojian Pharmaceutical (Shanghai) Co Fair Value". https://www.fairvalue-calculator.com/stock/688336

Peer Group

Biotechnology · 600 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 82 · Top 25%
Fair Value upside +65% · Top 25%
Return on equity (TTM) 42% · Top 25%
Return on assets 27% · Top 25%
Net margin (TTM) 69% · Top 25%
Operating margin (TTM) 44% · Top 25%
Revenue growth 39% · Top 25%
Dividend yield (TTM) 0.7% · Below median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 14.4× · Cheaper than median
P/B 7.33× · Pricier than 75% of peers
P/S (TTM) 9.94× · Pricier than 75% of peers
P/FCF 2.3× · Cheaper than median
EV/EBITDA 12.8× · 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 100 · sector 0
FUTURE 100 · sector 0
PAST 100 · sector 0
HEALTH 0 · sector 97
DIVIDEND 14 · sector 23

Insider activity: 40/100

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Sunshine Guojian Pharmaceutical (Shanghai) Co (688336) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥78.27 versus a price of ¥47.58, about +65% (undervalued).
What is the fair value of 688336?
Our model-based fair value for Sunshine Guojian Pharmaceutical (Shanghai) Co is ¥78.27 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥47.58.
What is the quality score of 688336?
Sunshine Guojian Pharmaceutical (Shanghai) Co has a Quality Score of 82/100. 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 Sunshine Guojian Pharmaceutical (Shanghai) Co (688336)?
Sunshine Guojian Pharmaceutical (Shanghai) Co reported trailing-twelve-month revenue of about 4.3B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 688336?
The net profit margin of Sunshine Guojian Pharmaceutical (Shanghai) Co is about 68.9%, meaning it keeps roughly 68.9% of revenue as net income. Based on the latest reported figures.
Does Sunshine Guojian Pharmaceutical (Shanghai) Co pay a dividend?
Sunshine Guojian Pharmaceutical (Shanghai) Co currently shows a dividend yield of about 0.85% relative to its recent price (as of Aug 13, 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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