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InnoCare Pharma Ltd
HKEX:9969

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InnoCare Pharma Ltd
HKEX:9969
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Price: 13.83 HKD 0.8% Market Closed
Market Cap: HK$24.4B

P/S

8.9
Current
42%
Cheaper
vs 3-y average of 15.5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8.9
=
Market Cap
HK$24B
/
Revenue
¥2.5B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8.9
=
Market Cap
HK$24B
/
Revenue
¥2.5B

Valuation Scenarios

InnoCare Pharma Ltd is trading below its 3-year average

If P/S returns to its 3-Year Average (15.5), the stock would be worth HK$24.03 (74% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-69%
Maximum Upside
+74%
Average Upside
29%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 8.9 HK$13.83
0%
3-Year Average 15.5 HK$24.03
+74%
5-Year Average 15.5 HK$24.03
+74%
Industry Average 12.3 HK$19.06
+38%
Country Average 2.8 HK$4.28
-69%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
HK$24B
/
Apr 2026
¥2.5B
=
8.9
Current
HK$24B
/
Dec 2026
¥2.5B
=
9.7
Forward
HK$24B
/
Dec 2027
¥2.7B
=
8.7
Forward
HK$24B
/
Dec 2028
¥3.9B
=
6.2
Forward
HK$24B
/
Dec 2029
¥4.3B
=
5.6
Forward
HK$24B
/
Dec 2030
¥5.6B
=
4.3
Forward
HK$24B
/
Dec 2031
¥6.6B
=
3.6
Forward
HK$24B
/
Dec 2032
¥7.8B
=
3.1
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CN
InnoCare Pharma Ltd
HKEX:9969
22.5B HKD 8.9 30.8
FR
Pharnext SCA
OTC:PNEXF
6T USD 33 690 872.8 -160 127.7
US
Abbvie Inc
NYSE:ABBV
373.6B USD 6 87.9
US
Amgen Inc
NASDAQ:AMGN
186.6B USD 4.8 22.9
US
Gilead Sciences Inc
NASDAQ:GILD
162.4B USD 5.5 19.1
US
Epizyme Inc
F:EPE
94.1B EUR 2 091 -533.6
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
108.6B USD 9 27.3
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
74.7B USD 5.2 16.6
NL
argenx SE
XBRU:ARGX
41.3B EUR 11.6 37.4
US
Seagen Inc
F:SGT
39.3B EUR 20.1 -61.8
AU
CSL Ltd
ASX:CSL
60B AUD 2.7 29.6
P/S Multiple
Revenue Growth P/S to Growth
CN
InnoCare Pharma Ltd
HKEX:9969
Average P/S: 3 063 003.4
8.9
18%
0.5
FR
Pharnext SCA
OTC:PNEXF
33 690 872.8
N/A N/A
US
Abbvie Inc
NYSE:ABBV
6
9%
0.7
US
Amgen Inc
NASDAQ:AMGN
4.8
3%
1.6
US
Gilead Sciences Inc
NASDAQ:GILD
5.5
5%
1.1
US
E
Epizyme Inc
F:EPE
2 091
N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
9
11%
0.8
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
5.2
10%
0.5
NL
argenx SE
XBRU:ARGX
11.6
28%
0.4
US
S
Seagen Inc
F:SGT
20.1
30%
0.7
AU
CSL Ltd
ASX:CSL
2.7
4%
0.7
P/E Multiple
Earnings Growth PEG
CN
InnoCare Pharma Ltd
HKEX:9969
Average P/E: 33.9
30.8
0%
N/A
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
87.9
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
22.9
20%
1.1
US
Gilead Sciences Inc
NASDAQ:GILD
19.1
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
16.6
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

In line with most companies in China
Percentile
65th
Based on 7 736 companies
65th percentile
4.6
Low
0 — 1.5
Typical Range
1.5 — 5.4
High
5.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.8
70th Percentile 5.4
Max 5 034 353.9

InnoCare Pharma Ltd
Glance View

Market Cap
24.4B HKD
Industry
Biotechnology

InnoCare Pharma Ltd., a beacon in the bustling world of biotech, epitomizes the fusion of scientific innovation and entrepreneurial vision. Born out of the relentless pursuit to tackle some of the world's most challenging diseases, the company is primarily focused on developing and commercializing novel therapies for cancer and autoimmune diseases. Founded in China, InnoCare leverages its robust research and development network to explore new frontiers in drug discovery, making targeted therapies that aim to meet significant unmet medical needs. The company thrives at the intersection of cutting-edge biotechnology and meticulous clinical trials, bridging the gap between complex scientific data and patient well-being. The business model of InnoCare Pharma revolves around the creation and commercialization of proprietary drug candidates. Revenue streams flow from strategic partnerships, licensing agreements, and ultimately, the sale of its innovative pharmaceutical products. By maintaining a synergistic blend of internal research efforts and external collaborations, InnoCare not only fortifies its pipeline of drug candidates but also expands its global footprint. Their flagship product, often leading the charge from theory to the shelves of hospitals, underscores the company’s commitment to transforming promising scientific research into tangible, life-saving treatments. Through successful navigation of regulatory processes and strategic market entry, InnoCare solidifies its position not just as a pharmaceutical creator, but as a catalyst for hope in combating severe health conditions.

Intrinsic Value
9.25 HKD
Overvaluation 33%
Intrinsic Value
Price HK$13.83
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