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Innovent Biologics Inc
HKEX:1801

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Innovent Biologics Inc
HKEX:1801
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Price: 84.1 HKD -1.98% Market Closed
Market Cap: HK$145.9B

P/OCF

65.9
Current
4%
Cheaper
vs 3-y average of 68.9

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
65.9
=
Market Cap
HK$137.7B
/
Operating Cash Flow
¥1.8B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
65.9
=
Market Cap
HK$137.7B
/
Operating Cash Flow
¥1.8B

Valuation Scenarios

Innovent Biologics Inc is trading below its 3-year average

If P/OCF returns to its 3-Year Average (68.9), the stock would be worth HK$87.95 (5% upside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-72%
Maximum Upside
+5%
Average Downside
37%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 65.9 HK$84.1
0%
3-Year Average 68.9 HK$87.95
+5%
Industry Average 38.2 HK$48.77
-42%
Country Average 18.3 HK$23.3
-72%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
CN
Innovent Biologics Inc
HKEX:1801
148.8B HKD 65.9 147.1
FR
Pharnext SCA
OTC:PNEXF
6T USD -211 714.7 -160 127.7
US
Abbvie Inc
NYSE:ABBV
351.3B USD 18.5 83.9
US
Amgen Inc
NASDAQ:AMGN
185.7B USD 18.6 24.1
US
Gilead Sciences Inc
NASDAQ:GILD
161.8B USD 16.2 19
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
109.3B USD 30.1 27.6
US
Epizyme Inc
F:EPE
94.1B EUR -531.3 -533.6
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
79.4B USD 16 17.6
NL
argenx SE
XBRU:ARGX
41.2B EUR 118.5 37
US
Seagen Inc
F:SGT
39.3B EUR -85.8 -61.8
AU
CSL Ltd
ASX:CSL
62.7B AUD 12 31.1
P/E Multiple
Earnings Growth PEG
CN
Innovent Biologics Inc
HKEX:1801
Average P/E: 48.4
147.1
84%
1.8
FR
Pharnext SCA
OTC:PNEXF
Negative Multiple: -160 127.7 N/A N/A
US
Abbvie Inc
NYSE:ABBV
83.9
97%
0.9
US
Amgen Inc
NASDAQ:AMGN
24.1
20%
1.2
US
Gilead Sciences Inc
NASDAQ:GILD
19
16%
1.2
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
27.6
19%
1.5
US
E
Epizyme Inc
F:EPE
Negative Multiple: -533.6 N/A N/A
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
17.6
14%
1.3
NL
argenx SE
XBRU:ARGX
37
30%
1.2
US
S
Seagen Inc
F:SGT
Negative Multiple: -61.8 N/A N/A
AU
CSL Ltd
ASX:CSL
31.1
9%
3.5

Market Distribution

Higher than 82% of companies in China
Percentile
82nd
Based on 6 232 companies
82nd percentile
65.9
Low
0.2 — 9.8
Typical Range
9.8 — 36.5
High
36.5 —
Distribution Statistics
China
Min 0.2
30th Percentile 9.8
Median 18.3
70th Percentile 36.5
Max 266 666.7

Innovent Biologics Inc
Glance View

Market Cap
145.9B HKD
Industry
Biotechnology

In the bustling landscape of the biotechnology industry, Innovent Biologics Inc. stands out as a dynamic player committed to advancing precision medicine. Founded in 2011, this Chinese-based company has carved out a significant niche in the development of monoclonal antibodies for oncology, metabolic disorders, and autoimmune diseases. Innovent sought to bridge the gap between innovation and affordability, an ambitious vision fueled by strategic collaborations with global pharma giants and local research centers. The company’s flagship product, Tyvyt (sintilimab), is a testament to their pioneering spirit—a PD-1 inhibitor developed in partnership with Eli Lilly, which gained approval for the treatment of various cancers in China. Innovent leverages its robust in-house R&D capabilities and partnerships to craft an extensive pipeline of potential therapies, positioning itself as a linchpin in the race to address unmet medical needs across its target markets. Innovent Biologics generates revenue through strategic licensing agreements, collaborative development programs, and direct sales of its commercialized therapies. It adopts a multinational partnership model that allows it to both share development costs and tap into broader distribution channels, thus accelerating growth while minimizing financial risk. By focusing on biopharmaceuticals that address prevalent health concerns, Innovent capitalizes on the rising demand for innovative healthcare solutions in China and beyond. Furthermore, the company's vertically integrated infrastructure—from research to commercialization—ensures optimized costs and sustained profitability in a competitive industry landscape. Innovent’s financial trajectory is buoyed by its ability to balance cutting-edge scientific innovation with strategic market positioning, underscoring its reputation as a formidable force in global biotech.

Intrinsic Value
75.27 HKD
Overvaluation 10%
Intrinsic Value
Price HK$84.1
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