Jointown Pharmaceutical Group Co., Ltd

SHSE:600998 Stock Report

Market Cap: CN¥25.6b

Jointown Pharmaceutical Group Valuation

Is 600998 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600998 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600998 (CN¥5.22) is trading above our estimate of fair value (CN¥0.19)

Significantly Below Fair Value: 600998 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600998?

Key metric: As 600998 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600998. This is calculated by dividing 600998's market cap by their current earnings.
What is 600998's PE Ratio?
PE Ratio12.5x
EarningsCN¥2.05b
Market CapCN¥25.64b

Price to Earnings Ratio vs Peers

How does 600998's PE Ratio compare to its peers?

The above table shows the PE ratio for 600998 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
600511 China National Medicines
11.9x9.1%CN¥26.3b
600056 China Meheco Group
18.7xn/aCN¥16.9b
000028 China National Accord Medicines
11.4x6.1%CN¥15.8b
301015 Qingdao Baheal Medical
19.3x21.2%CN¥13.9b
600998 Jointown Pharmaceutical Group
12.5x16.4%CN¥25.6b

Price-To-Earnings vs Peers: 600998 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does 600998's PE Ratio compare vs other companies in the CN Healthcare Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
600998 12.5xIndustry Avg. 31.8xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600998 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the CN Healthcare industry average (31.8x).

Price to Earnings Ratio vs Fair Ratio

What is 600998's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600998 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio24.9x

Price-To-Earnings vs Fair Ratio: 600998 is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600998 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥5.22
CN¥6.38
+22.2%
31.8%CN¥8.60CN¥3.70n/a3
Dec ’25CN¥5.37
CN¥6.41
+19.4%
30.9%CN¥8.60CN¥3.80n/a3
Nov ’25CN¥5.24
CN¥7.38
+40.8%
32.4%CN¥10.26CN¥3.80n/a4
Oct ’25CN¥5.74
CN¥7.45
+29.8%
32.7%CN¥10.26CN¥3.80n/a4
Sep ’25CN¥4.66
CN¥7.69
+64.9%
31.6%CN¥10.26CN¥4.11n/a4
Aug ’25CN¥4.47
CN¥7.86
+75.7%
30.4%CN¥10.26CN¥4.11n/a4
Jul ’25CN¥5.01
CN¥7.86
+56.8%
30.4%CN¥10.26CN¥4.11n/a4
Jun ’25CN¥5.74
CN¥7.90
+37.6%
29.5%CN¥10.26CN¥4.26n/a4
May ’25CN¥6.36
CN¥7.90
+24.1%
29.5%CN¥10.26CN¥4.26n/a4
Apr ’25CN¥6.26
CN¥5.89
-5.9%
27.6%CN¥7.52CN¥4.26n/a2
Mar ’25CN¥6.20
CN¥5.89
-5.0%
27.6%CN¥7.52CN¥4.26n/a2
Feb ’25CN¥5.36
CN¥5.89
+10.0%
27.6%CN¥7.52CN¥4.26n/a2
Jan ’25CN¥5.43
CN¥5.89
+8.4%
27.6%CN¥7.52CN¥4.26n/a2
Dec ’24CN¥5.80
CN¥5.97
+2.9%
26.0%CN¥7.52CN¥4.42CN¥5.372
Nov ’24CN¥5.60
CN¥5.97
+6.5%
26.0%CN¥7.52CN¥4.42CN¥5.242
Oct ’24CN¥6.00
CN¥6.66
+11.1%
33.1%CN¥8.87CN¥4.46CN¥5.742
Sep ’24CN¥5.56
CN¥6.66
+19.8%
33.1%CN¥8.87CN¥4.46CN¥4.662
Aug ’24CN¥5.34
CN¥5.95
+11.4%
25.1%CN¥7.44CN¥4.46CN¥4.472
Jul ’24CN¥5.75
CN¥5.95
+3.5%
25.1%CN¥7.44CN¥4.46CN¥5.012
Jun ’24CN¥5.89
CN¥5.80
-1.5%
28.3%CN¥7.44CN¥4.16CN¥5.742
May ’24CN¥6.16
CN¥5.80
-5.8%
28.3%CN¥7.44CN¥4.16CN¥6.362
Apr ’24CN¥5.55
CN¥5.40
-2.7%
23.0%CN¥6.64CN¥4.16CN¥6.262
Mar ’24CN¥5.40
CN¥4.74
-12.2%
12.2%CN¥5.31CN¥4.16CN¥6.202
Feb ’24CN¥4.95
CN¥4.74
-4.2%
12.2%CN¥5.31CN¥4.16CN¥5.362
Jan ’24CN¥4.85
CN¥4.74
-2.2%
12.2%CN¥5.31CN¥4.16CN¥5.432
Dec ’23CN¥5.02
CN¥4.74
-5.6%
12.2%CN¥5.31CN¥4.16CN¥5.802

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 13:51
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Jointown Pharmaceutical Group Co., Ltd is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shaoling WangChasing Securities
Fusheng CheungChina Galaxy International Securities (Hong Kong)
Pei ChengChina Galaxy Securities Co., Ltd.