Hangzhou Biotest Biotech Co Ltd banner
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Hangzhou Biotest Biotech Co Ltd
SSE:688767

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Hangzhou Biotest Biotech Co Ltd
SSE:688767
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Price: 34.33 CNY -4.9%
Market Cap: ¥5.1B

P/B

2.2
Current
56%
More Expensive
vs 3-y average of 1.4

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
2.2
=
Market Cap
¥5.7B
/
Total Equity
¥2.3B

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
2.2
=
Market Cap
¥5.7B
/
Total Equity
¥2.3B

Valuation Scenarios

Hangzhou Biotest Biotech Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.4), the stock would be worth ¥22.05 (36% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+90%
Average Upside
10%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2.2 ¥34.33
0%
3-Year Average 1.4 ¥22.05
-36%
5-Year Average 1.6 ¥25.67
-25%
Industry Average 4.2 ¥65.2
+90%
Country Average 2.4 ¥38.35
+12%

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
Hangzhou Biotest Biotech Co Ltd
SSE:688767
5.1B CNY 2.2 50
FR
Pharnext SCA
OTC:PNEXF
6T USD -164 720.7 -160 127.7
US
Abbvie Inc
NYSE:ABBV
349.5B USD -106.9 83.5
US
Amgen Inc
NASDAQ:AMGN
183B USD 21.1 23.7
US
Gilead Sciences Inc
NASDAQ:GILD
160.4B USD 7.1 18.9
US
Epizyme Inc
F:EPE
94.1B EUR -5 465.3 -533.6
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
109.3B USD 5.9 27.6
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
77.3B USD 2.5 17.2
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
62.1B AUD 2.2 30
P/E Multiple
Earnings Growth PEG
CN
H
Hangzhou Biotest Biotech Co Ltd
SSE:688767
Average P/E: 36
50
9%
5.6
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
83.5
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
23.7
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
18.9
16%
1.2
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.6
19%
1.5
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.2
14%
1.2
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
9%
3.3

Market Distribution

In line with most companies in China
Percentile
45th
Based on 7 605 companies
45th percentile
2.2
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

Hangzhou Biotest Biotech Co Ltd
Glance View

Market Cap
5.1B CNY
Industry
Biotechnology

Hangzhou Biotest Biotech Co., Ltd. engages in the research and development, production and sales of point-of-care testing (POCT) diagnostic reagents. The company is headquartered in Hangzhou, Zhejiang and currently employs 622 full-time employees. The company went IPO on 2021-09-08. The firm's products include reproductive health testing series, such as human chorionic gonadotropin testing reagent and luteinizing hormone testing reagent, and drug abuse testing series, such as morphine testing reagent and cocaine testing reagent, and infectious disease testing series, such as adenovirus testing reagent and typhoid antibody testing reagent, and tumor marker testing series, such as alpha fetoprotein detection reagent, and myocardial marker detection series, such as dimer detection reagent and myocardial series detection reagent.

Intrinsic Value
20.3 CNY
Overvaluation 41%
Intrinsic Value
Price ¥34.33
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