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Innovent Biologics Inc
HKEX:1801

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Innovent Biologics Inc
HKEX:1801
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Price: 84.1 HKD 1.33% Market Closed
Market Cap: HK$145.9B

P/B

6.2
Current
22%
More Expensive
vs 3-y average of 5.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
6.2
=
Market Cap
HK$137.7B
/
Total Equity
¥19.4B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
6.2
=
Market Cap
HK$137.7B
/
Total Equity
¥19.4B

Valuation Scenarios

Innovent Biologics Inc is trading above its 3-year average

If P/B returns to its 3-Year Average (5.1), the stock would be worth HK$68.81 (18% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-60%
Maximum Upside
No Upside Scenarios
Average Downside
32%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 6.2 HK$84.1
0%
3-Year Average 5.1 HK$68.81
-18%
5-Year Average 5.1 HK$68.81
-18%
Industry Average 4.2 HK$56.63
-33%
Country Average 2.4 HK$33.31
-60%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CN
Innovent Biologics Inc
HKEX:1801
144B HKD 6.2 147.1
FR
Pharnext SCA
OTC:PNEXF
6T USD -164 720.7 -160 127.7
US
Abbvie Inc
NYSE:ABBV
351.3B USD -107.4 83.9
US
Amgen Inc
NASDAQ:AMGN
185.7B USD 21.4 24.1
US
Gilead Sciences Inc
NASDAQ:GILD
161.8B USD 7.1 19
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
109.3B USD 5.9 27.6
US
Epizyme Inc
F:EPE
94.1B EUR -5 465.3 -533.6
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
79.4B USD 2.5 17.6
NL
argenx SE
XBRU:ARGX
41.2B EUR 6.6 37.3
US
Seagen Inc
F:SGT
39.3B EUR 18.2 -61.8
AU
CSL Ltd
ASX:CSL
62.7B AUD 2.3 30.7
P/E Multiple
Earnings Growth PEG
CN
Innovent Biologics Inc
HKEX:1801
Average P/E: 48.4
147.1
84%
1.8
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
83.9
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
24.1
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
19
16%
1.2
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.6
19%
1.5
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.6
14%
1.3
NL
argenx SE
XBRU:ARGX
37.3
30%
1.2
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
AU
CSL Ltd
ASX:CSL
30.7
9%
3.4

Market Distribution

Higher than 85% of companies in China
Percentile
85th
Based on 7 605 companies
85th percentile
6.2
Low
0 — 1.5
Typical Range
1.5 — 3.9
High
3.9 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.4
70th Percentile 3.9
Max 1 172 445.9

Innovent Biologics Inc
Glance View

Market Cap
145.9B HKD
Industry
Biotechnology

In the bustling landscape of the biotechnology industry, Innovent Biologics Inc. stands out as a dynamic player committed to advancing precision medicine. Founded in 2011, this Chinese-based company has carved out a significant niche in the development of monoclonal antibodies for oncology, metabolic disorders, and autoimmune diseases. Innovent sought to bridge the gap between innovation and affordability, an ambitious vision fueled by strategic collaborations with global pharma giants and local research centers. The company’s flagship product, Tyvyt (sintilimab), is a testament to their pioneering spirit—a PD-1 inhibitor developed in partnership with Eli Lilly, which gained approval for the treatment of various cancers in China. Innovent leverages its robust in-house R&D capabilities and partnerships to craft an extensive pipeline of potential therapies, positioning itself as a linchpin in the race to address unmet medical needs across its target markets. Innovent Biologics generates revenue through strategic licensing agreements, collaborative development programs, and direct sales of its commercialized therapies. It adopts a multinational partnership model that allows it to both share development costs and tap into broader distribution channels, thus accelerating growth while minimizing financial risk. By focusing on biopharmaceuticals that address prevalent health concerns, Innovent capitalizes on the rising demand for innovative healthcare solutions in China and beyond. Furthermore, the company's vertically integrated infrastructure—from research to commercialization—ensures optimized costs and sustained profitability in a competitive industry landscape. Innovent’s financial trajectory is buoyed by its ability to balance cutting-edge scientific innovation with strategic market positioning, underscoring its reputation as a formidable force in global biotech.

Intrinsic Value
75.27 HKD
Overvaluation 10%
Intrinsic Value
Price HK$84.1
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