CStone Pharmaceuticals

SEHK:2616 Stock Report

Market Cap: HK$7.5b

CStone Pharmaceuticals Valuation

Is 2616 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 2616 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2616 (HK$4.67) is trading above our estimate of future cash flow value (HK$0.95)

Significantly Below Future Cash Flow Value: 2616 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2616?

Key metric: As 2616 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2616. This is calculated by dividing 2616's market cap by their current revenue.
What is 2616's PS Ratio?
PS Ratio23.9x
SalesCN¥269.58m
Market CapCN¥6.44b

Price to Sales Ratio vs Peers

How does 2616's PS Ratio compare to its peers?

The above table shows the PS ratio for 2616 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average26.3x
6826 Shanghai Haohai Biological Technology
1.3x7.93%HK$7.5b
6938 Suzhou Ribo Life Science
50.5x27.55%HK$8.7b
775 CK Life Sciences Int'l. (Holdings)
1.2xn/aHK$6.5b
9887 Nanjing Leads Biolabs
52.2x43.18%HK$10.7b
2616 CStone Pharmaceuticals
23.9x45.43%HK$7.5b

Price-To-Sales vs Peers: 2616 is good value based on its Price-To-Sales Ratio (23.9x) compared to the peer average (26.3x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 2616's PS Ratio compare vs other companies in the HK Biotechs Industry?

20 CompaniesPrice / SalesEstimated GrowthMarket Cap
1530 3SBio
2x-14.18%US$5.29b
2696 Shanghai Henlius Biotech
4.4x8.23%US$4.34b
6185 CanSino Biologics
4.4x23.08%US$1.26b
1952 Everest Medicines
4.9x22.46%US$1.24b
2616 23.9xIndustry Avg. 10.0xNo. of Companies20PS020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2616 is expensive based on its Price-To-Sales Ratio (23.9x) compared to the Hong Kong Biotechs industry average (10x).

Price to Sales Ratio vs Fair Ratio

What is 2616's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2616 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio23.9x
Fair PS Ratio8.4x

Price-To-Sales vs Fair Ratio: 2616 is expensive based on its Price-To-Sales Ratio (23.9x) compared to the estimated Fair Price-To-Sales Ratio (8.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2616 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$4.67
HK$14.33
+206.87%
30.57%HK$19.98HK$9.65n/a4
Jun ’27HK$5.44
HK$14.20
+161.06%
31.36%HK$20.09HK$9.49n/a4
May ’27HK$9.30
HK$14.20
+52.70%
31.36%HK$20.09HK$9.49n/a4
Apr ’27HK$9.16
HK$13.24
+44.55%
36.20%HK$20.00HK$9.45n/a3
Mar ’27HK$6.68
HK$13.96
+108.99%
36.56%HK$20.65HK$8.26n/a3
Feb ’27HK$5.37
HK$13.29
+147.53%
39.16%HK$20.00HK$7.31n/a3
Jan ’27HK$5.27
HK$13.29
+152.23%
39.16%HK$20.00HK$7.31n/a3
Dec ’26HK$5.73
HK$13.29
+131.98%
39.16%HK$20.00HK$7.31n/a3
Nov ’26HK$6.26
HK$13.29
+112.34%
39.16%HK$20.00HK$7.31n/a3
Oct ’26HK$7.60
HK$9.39
+23.55%
33.70%HK$12.55HK$6.22n/a2
Sep ’26HK$11.32
HK$9.39
-17.05%
33.70%HK$12.55HK$6.22n/a2
Aug ’26HK$6.74
HK$6.58
-2.43%
4.96%HK$6.90HK$6.25n/a2
Jul ’26HK$4.27
HK$4.77
+11.60%
41.88%HK$6.76HK$2.77n/a2
Jun ’26HK$3.96
HK$4.77
+20.33%
41.88%HK$6.76HK$2.77HK$5.442
May ’26HK$2.82
HK$4.77
+68.98%
41.88%HK$6.76HK$2.77HK$9.302
Apr ’26HK$3.45
HK$4.77
+38.12%
41.88%HK$6.76HK$2.77HK$9.162
HK$14.33
Fair Value
67.4% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 06:10
End of Day Share Price 2026/06/12 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CStone Pharmaceuticals is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ziyi ChenGoldman Sachs
null nullGuoyuan Securities (HK) Ltd
Hanyang HuangIndustrial Securities Co. Ltd.