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Shenzhen Hepalink Pharmaceutical Group Co Ltd
SZSE:002399

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Shenzhen Hepalink Pharmaceutical Group Co Ltd
SZSE:002399
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Price: 10.78 CNY -0.74% Market Closed
Market Cap: ¥15.8B

EV/S

2.7
Current
12%
Cheaper
vs 3-y average of 3.1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.7
=
Enterprise Value
¥16.3B
/
Revenue
¥5.5B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.7
=
Enterprise Value
¥16.3B
/
Revenue
¥5.5B

Valuation Scenarios

Shenzhen Hepalink Pharmaceutical Group Co Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (3.1), the stock would be worth ¥12.2 (13% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+27%
Average Upside
19%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 2.7 ¥10.78
0%
3-Year Average 3.1 ¥12.2
+13%
5-Year Average 3.2 ¥12.57
+17%
Industry Average 3.5 ¥13.72
+27%
Country Average 3.3 ¥12.98
+20%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
¥16.3B
/
Jan 2026
¥5.5B
=
2.7
Current
¥16.3B
/
Dec 2026
¥6.2B
=
2.6
Forward
¥16.3B
/
Dec 2027
¥6.6B
=
2.5
Forward
¥16.3B
/
Dec 2028
¥7.1B
=
2.3
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
CN
Shenzhen Hepalink Pharmaceutical Group Co Ltd
SZSE:002399
15.8B CNY 2.7 45.3
US
Eli Lilly and Co
NYSE:LLY
804.2B USD 12.8 39
US
Johnson & Johnson
NYSE:JNJ
547.4B USD 5.9 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 4.7 20.1
UK
AstraZeneca PLC
LSE:AZN
212.4B GBP 5.1 27.5
CH
Novartis AG
SIX:NOVN
220.1B CHF 5.1 19.5
US
Merck & Co Inc
NYSE:MRK
274.6B USD 4.7 15
IE
Endo International PLC
LSE:0Y5F
244.4B USD 108.7 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 4 11.1
US
Pfizer Inc
NYSE:PFE
150.6B USD 3.2 19.2
US
Bristol-Myers Squibb Co
NYSE:BMY
115.9B USD 3.1 16.4

Market Distribution

In line with most companies in China
Percentile
43rd
Based on 7 593 companies
43rd percentile
2.7
Low
0 — 1.7
Typical Range
1.7 — 6.2
High
6.2 —
Distribution Statistics
China
Min 0
30th Percentile 1.7
Median 3.3
70th Percentile 6.2
Max 5 034 353.9

Shenzhen Hepalink Pharmaceutical Group Co Ltd
Glance View

Market Cap
15.8B CNY
Industry
Pharmaceuticals

Shenzhen Hepalink Pharmaceutical Group Co., Ltd. stands as a prominent player in the global pharmaceutical landscape, carving its niche with a remarkable story of specialization and expansion. Founded in 1998, the company first made its mark as a leading producer of heparin sodium, a critical anticoagulant used worldwide to prevent and treat blood clots. Operating from Shenzhen, China, Hepalink has meticulously built an integrated production chain that spans from the procurement of raw materials to the sale of finished pharmaceutical products. The company sources raw heparin from porcine intestines, which it then processes into pharmaceutical-grade heparin and low molecular weight heparins (LMWHs), leveraging its proprietary purification and synthesis technologies. This robust vertical integration not only ensures quality control but also bolsters its competitive positioning in global markets, where it serves hospitals, pharmaceutical companies, and research institutions. Beyond its heparin-centric foundation, Hepalink has strategically expanded its portfolio through a series of calculated ventures and acquisitions aimed at broadening its business model and revenue streams. Over the years, it has diversified into contract development and manufacturing services (CDMO), biotechnology innovations, and the production of other complementary pharmaceutical products. Its acquisition strategies, such as the purchase of U.S.-based Cytovance Biologics, have been pivotal in gaining an international footprint and enriching its expertise in biologics. By investing in research and development, Hepalink continues to explore biologically derived treatments, aiming to lead in therapeutic areas like oncology and cardiology. This diversification effort not only mitigates the risks inherent in relying heavily on a single product line but also positions Hepalink as an agile and innovative player, ready to navigate the ever-evolving pharmaceutical industry landscape.

Intrinsic Value
12.69 CNY
Undervaluation 15%
Intrinsic Value
Price ¥10.78
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