Biocytogen Pharmaceuticals (Beijing) Co., Ltd.

SEHK:2315 Stock Report

Market Cap: HK$2.3b

Biocytogen Pharmaceuticals (Beijing) Valuation

Is 2315 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2315 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 2315's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 2315's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2315?

Key metric: As 2315 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2315. This is calculated by dividing 2315's market cap by their current revenue.
What is 2315's PS Ratio?
PS Ratio2.6x
SalesCN¥800.58m
Market CapCN¥2.11b

Price to Sales Ratio vs Peers

How does 2315's PS Ratio compare to its peers?

The above table shows the PS ratio for 2315 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13.3x
2616 CStone Pharmaceuticals
5.1x34.3%HK$2.5b
2509 Qyuns Therapeutics
31.5xn/aHK$2.0b
2487 Cutia Therapeutics
11.9x41.4%HK$2.6b
2256 Abbisko Cayman
4.9x8.8%HK$2.6b
2315 Biocytogen Pharmaceuticals (Beijing)
2.6x22.4%HK$2.3b

Price-To-Sales vs Peers: 2315 is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (13.3x).


Price to Sales Ratio vs Industry

How does 2315's PS Ratio compare vs other companies in the HK Biotechs Industry?

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.11.2x29.3%
2315 Biocytogen Pharmaceuticals (Beijing)
2.6x22.4%US$290.92m
6826 Shanghai Haohai Biological Technology
2.1x11.8%US$1.79b
1530 3SBio
1.4x9.3%US$1.67b
2315 2.6xIndustry Avg. 11.2xNo. of Companies14PS01632486480+
14 CompaniesEstimated GrowthMarket Cap
Industry Avg.11.2x42.6%
2315 Biocytogen Pharmaceuticals (Beijing)
2.6xn/aUS$290.92m
No more companies

Price-To-Sales vs Industry: 2315 is good value based on its Price-To-Sales Ratio (2.6x) compared to the Hong Kong Biotechs industry average (11.2x).


Price to Sales Ratio vs Fair Ratio

What is 2315's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2315 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ratio3.4x

Price-To-Sales vs Fair Ratio: 2315 is good value based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (3.4x).


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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