Global Pharmaceuticals & Biotech Undervalued over 20% based on DCF

Eli Lilly

Market Cap: US$949.7b

Eli Lilly and Company discovers, develops, manufactures, and markets human pharmaceutical products in the United States, Europe, China, Japan, and internationally.

Johnson & Johnson

Market Cap: US$564.1b

Engages in the research and development, manufacture, and sale of a range of products in the healthcare field worldwide.

AbbVie

Market Cap: US$381.1b

A research-based biopharmaceutical company, engages in the research and development, manufacturing, commercializing, and sale of medicines and therapies worldwide.

Merck

Market Cap: US$302.3b

Operates as a healthcare company worldwide.

AstraZeneca

Market Cap: UK£215.8b

A biopharmaceutical company, focuses on the discovery, development, manufacture, and commercialization of prescription medicines.

Amgen

Market Cap: US$183.1b

Amgen Inc. discovers, develops, manufactures, and delivers human therapeutics worldwide.

Gilead Sciences

Market Cap: US$166.8b

A biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally.

Thermo Fisher Scientific

Market Cap: US$166.6b

Provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally.

Danaher

Market Cap: US$121.7b

Designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally.

Vertex Pharmaceuticals

Market Cap: US$110.3b

Operates as a biotechnology company in the United States, Europe, and internationally.

Chugai Pharmaceutical

Market Cap: JP¥13.4t

Engages in the research, development, manufacture, sale, importation, and exportation of pharmaceuticals in Japan and internationally.

Jiangsu Hengrui PharmaceuticalsLtd

Market Cap: CN¥328.3b

A pharmaceutical company, researches, develops, manufactures, and commercializes medicines to address unmet clinical needs in China and internationally.

Galderma Group

Market Cap: CHF 37.2b

Operates as a dermatology company worldwide.

WuXi AppTec

Market Cap: CN¥311.2b

An investment holding company, provides research and manufacturing services to discover, develop, and manufacture spectrum for small molecule drugs in the People’s Republic of China, the United States, Europe, and internationally.

Haleon

Market Cap: UK£30.5b

Engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.

Teva Pharmaceutical Industries

Market Cap: US$39.7b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Otsuka Holdings

Market Cap: JP¥6.1t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Sandoz Group

Market Cap: CHF 27.9b

Develops, manufactures, and markets generic and biosimilars worldwide.

CSL

Market Cap: AU$47.8b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

Waters

Market Cap: US$33.6b

Provides analytical workflow solutions in Asia, the Americas, and Europe.

Daiichi Sankyo Company

Market Cap: JP¥4.9t

Manufactures and sells pharmaceutical products in Japan, the United States, Europe, and internationally.

Natera

Market Cap: US$29.1b

A diagnostics company, engages in the development and commercialization of molecular testing services worldwide.

IQVIA Holdings

Market Cap: US$28.0b

Provides clinical research services, commercial insights, and healthcare intelligence to the life sciences and healthcare industries in the Americas, Europe, Africa, and the Asia-Pacific.

Hansoh Pharmaceutical Group

Market Cap: HK$204.4b

An investment holding company, engages in the research, development, production, and sale of pharmaceutical products in the People’s Republic of China.

Illumina

Market Cap: US$21.8b

Provides sequencing- and array-based solutions for genetic and genomic analysis in the Americas, Europe, Greater China, the Asia Pacific, the Middle East, and Africa.

Innovent Biologics

Market Cap: HK$140.5b

A biopharmaceutical company, engages in the research and development of antibody and protein medicine products in the People’s Republic of China, the United States, Europe, and internationally.

WuXi Biologics (Cayman)

Market Cap: HK$135.4b

An investment holding company, provides end-to-end solutions and services for biologics discovery, development, and manufacturing for biologics industry in the People’s Republic of China, North America, Europe, Singapore, Japan, South Korea, Australia, and Brazil.

Shionogi

Market Cap: JP¥2.6t

Engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic reagents, and medical devices in Japan and internationally.

Ipsen

Market Cap: €13.2b

A biopharmaceutical company, develops and commercializes medicines in the areas of oncology, rare disease, and neuroscience worldwide.

Sichuan Kelun-Biotech Biopharmaceutical

Market Cap: HK$110.6b

A biopharmaceutical company, engages in the research and development, manufacturing, and commercialization of novel drugs in oncology, immunology, metabolism, and other therapeutic areas in the People’s Republic of China and internationally.

Akeso

Market Cap: HK$107.4b

A biopharmaceutical company, engages in the research, development, manufacture, and commercialization of antibody drugs worldwide.

ALTEOGEN

Market Cap: ₩19.5t

A bio company, focuses on developing long-acting biobetters, proprietary antibody-drug conjugates, and antibody biosimilars.

Medpace Holdings

Market Cap: US$12.4b

Provides clinical research-based drug and medical device development services in North America, Europe, Asia, South America, Africa, and Australia.

Recordati Industria Chimica e Farmaceutica

Market Cap: €10.4b

Researches, develops, produces, and sells pharmaceuticals in Italy, the United States, Spain, France, Germany, Russia, Ukraine, Turkey, Portugal, North Africa, and internationally.

Orion Oyj

Market Cap: €10.0b

Develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients (APIs) in Finland, Scandinavia, rest of Europe, North America, and internationally.

Zhangzhou Pientzehuang Pharmaceutical

Market Cap: CN¥74.8b

Manufactures and distributes pharmaceuticals and cosmetics in China and internationally.