ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SSE:603976

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ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SSE:603976
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Price: 21.23 CNY -0.79% Market Closed
Market Cap: ¥3.2B

P/B

2.7
Current
10%
More Expensive
vs 3-y average of 2.4

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
2.7
=
Market Cap
¥3B
/
Total Equity
¥1.2B

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
2.7
=
Market Cap
¥3B
/
Total Equity
¥1.2B

Valuation Scenarios

ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (2.4), the stock would be worth ¥19.33 (9% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-15%
Maximum Upside
No Upside Scenarios
Average Downside
9%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.7 ¥21.23
0%
3-Year Average 2.4 ¥19.33
-9%
5-Year Average 2.6 ¥20.74
-2%
Industry Average 2.3 ¥18.04
-15%
Country Average 2.4 ¥19.48
-8%

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
P/E Multiple
Earnings Growth PEG
CN
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SSE:603976
Average P/E: 52.2
181.9
17%
10.7
JP
Hoya Corp
TSE:7741
39.6
15%
2.6
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
CH
Alcon AG
SIX:ALC
36.4
32%
1.1
DK
Coloplast A/S
CSE:COLO B
22.8
21%
1.1
US
Align Technology Inc
NASDAQ:ALGN
30.9
34%
0.9
UK
ConvaTec Group PLC
LSE:CTEC
31.2
41%
0.8
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
23.7
9%
2.6
JP
A
Asahi Intecc Co Ltd
TSE:7747
51.2
40%
1.3
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -37.8 N/A N/A
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -15.3 N/A N/A

Market Distribution

In line with most companies in China
Percentile
54th
Based on 7 605 companies
54th percentile
2.7
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

ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
Glance View

Market Cap
3.2B CNY
Industry
Health Care

Chongqing Zhengchuan Pharmaceutical Packaging Co., Ltd. engages in the research, development, production, and sale of medicinal packaging materials such as medicinal glass tubes. The company is headquartered in Chongqing, Chongqing and currently employs 1,755 full-time employees. The company went IPO on 2017-08-22. The Company’s principal products include antibiotic glass bottles, oral liquid bottles, as well as medicine packing bottle caps. The Company’s products are mainly applied in the packing of biological agent, traditional Chinese medicines, hydro-acupuncture of chemical preparation, oral liquid, as well as health products, among others. The firm mainly distributes its products in mainland China.

Intrinsic Value
8 CNY
Overvaluation 62%
Intrinsic Value
Price ¥21.23
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