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Innovent Biologics Inc
HKEX:1801

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Innovent Biologics Inc
HKEX:1801
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Price: 90 HKD 6.01% Market Closed
Market Cap: HK$156.2B

P/FCFE

190.2
Current
934%
Cheaper
vs 3-y average of -22.8

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
190.2
=
Market Cap
HK$137.7B
/
Free Cash Flow to Equity
¥673.6m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
190.2
=
Market Cap
HK$137.7B
/
Free Cash Flow to Equity
¥673.6m

Valuation Scenarios

Innovent Biologics Inc is trading above its industry average

If P/FCFE returns to its Industry Average (56.2), the stock would be worth HK$26.61 (70% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-86%
Maximum Upside
No Upside Scenarios
Average Downside
78%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 190.2 HK$90
0%
Industry Average 56.2 HK$26.61
-70%
Country Average 26.4 HK$12.49
-86%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
CN
Innovent Biologics Inc
HKEX:1801
156.1B HKD 190.2 157.4
FR
Pharnext SCA
OTC:PNEXF
6T USD -2 855 158.7 -160 127.7
US
Abbvie Inc
NYSE:ABBV
373.6B USD 23.5 87.5
US
Amgen Inc
NASDAQ:AMGN
186.6B USD 21.8 22.9
US
Gilead Sciences Inc
NASDAQ:GILD
162.4B USD 24.2 19.3
US
Epizyme Inc
F:EPE
94.1B EUR -480.6 -533.6
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
108.6B USD 33.9 27.3
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
74.7B USD 20 16.5
NL
argenx SE
XBRU:ARGX
41.3B EUR 159.6 37.4
US
Seagen Inc
F:SGT
39.3B EUR -66.1 -61.8
AU
CSL Ltd
ASX:CSL
60B AUD 35.6 29.6
P/E Multiple
Earnings Growth PEG
CN
Innovent Biologics Inc
HKEX:1801
Average P/E: 49.7
157.4
84%
1.9
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
87.5
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
22.9
20%
1.1
US
Gilead Sciences Inc
NASDAQ:GILD
19.3
16%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.3
19%
1.4
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
16.5
14%
1.2
NL
argenx SE
XBRU:ARGX
37.4
30%
1.2
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
AU
CSL Ltd
ASX:CSL
29.6
9%
3.3

Market Distribution

Higher than 90% of companies in China
Percentile
90th
Based on 5 086 companies
90th percentile
190.2
Low
0.2 — 13.7
Typical Range
13.7 — 52.8
High
52.8 —
Distribution Statistics
China
Min 0.2
30th Percentile 13.7
Median 26.4
70th Percentile 52.8
Max 2 279 450.9

Innovent Biologics Inc
Glance View

Market Cap
156.2B 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 16%
Intrinsic Value
Price HK$90
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