Employees: 314
Size Frontier Biotechnologies (688221.SS) is a China Health Care company (Biotechnology) with a market value of $746M, the 2922nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.28 on 6 Nov 2026.
Performance Over six months the shares fell 36.5%, against -15.6% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 153.4% over the last twelve months (peer median +0.1%); the operating margin is -19.6% (peer median -37.8%).
Valuation It trades at 13.1× enterprise value to sales against a peer median of 4.7× (5th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 43% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 15.2 points below its cost of capital (11.3% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥358M | CN¥123M | CN¥129M | CN¥114M | CN¥84.7M |
| Revenue growth | — | -5% | +13% | +35% | — |
| Gross profit | CN¥293M | CN¥30.3M | CN¥27.0M | CN¥11.3M | -CN¥9.02M |
| EBITDA | n/a | -CN¥237M | -CN¥236M | -CN¥297M | -CN¥346M |
| Net income | -CN¥35.8M | -CN¥268M | -CN¥201M | -CN¥329M | -CN¥357M |
| Free cash flow | CN¥52.7M | -CN¥244M | -CN¥175M | -CN¥379M | -CN¥409M |
| Capital expenditure | CN¥11.1M | CN¥29.9M | CN¥18.6M | CN¥129M | CN¥140M |
| Total debt | CN¥375M | CN¥406M | CN¥407M | CN¥380M | CN¥279M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688221.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.2% | -8.2% | 4th lowest of 21 |
| 6-month return | -36.5% | -15.6% | 5th lowest of 20 |
| Distance from 52-week high | -55.7% | -41.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +153.4% | +0.1% | 4th highest of 15 |
| Operating margin | -19.6% | -37.8% | 7th highest of 16 |
| EV / Sales | 13.1× | 4.7× | 5th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 43.2% | 20.1% | 2nd most demanding of 6 |
| Growth delivered (Del g) | +21.5% | +11.8% | 2nd highest of 6 |
| Hurdle (Req g minus delivered) | +21.7 pp | +8.2 pp | 2nd most demanding of 6 |
| ROIC minus cost of capital | -15.2 pp | -13.3 pp | 7th lowest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Frontier Biotechnologies 688221.SS | China | $746M | -37% | +153% | -20% | 13.1× | 43.2% | +21.5% |
| Shouyao Holdings Beijing 688197.SS | China | $726M | -16% | +4,564% | -92% | 43.1× | n/a | n/a |
| Shaanxi Micot Pharmaceutical Technology 2335.HK | Hong Kong | $777M | n/a | n/a | n/a | n/a | n/a | n/a |
| Alphamab Oncology 9966.HK | Hong Kong | $777M | -39% | -32% | -38% | 8.2× | n/a | n/a |
| Sana Biotechnology SANA | United States | $709M | -32% | n/a | n/a | n/a | n/a | n/a |
| Solid Biosciences SLDB | United States | $707M | -9% | n/a | n/a | n/a | n/a | n/a |
| Beijing SL Pharmaceutical 002038.SZ | China | $793M | -21% | -4% | -119% | 7.6× | -12.3% | -10.9% |
| Attovia Therapeutics ATTO | United States | $697M | +744% | n/a | -4,975% | 625.6× | n/a | n/a |
| Anhui Wanbang Pharmaceutical Technology 301520.SZ | China | $803M | +91% | -15% | -8% | 17.9× | 48.8% | +14.7% |
| R&G PharmaStudies 301333.SZ | China | $803M | -12% | +21% | 11% | 3.9× | 20.1% | +11.8% |
| Anhui Huaheng Biotechnology 688639.SS | China | $688M | -40% | +7% | 3% | 2.1× | n/a | n/a |
| Wuhan Keqian Biology 688526.SS | China | $814M | -19% | -22% | 20% | 4.7× | 8.8% | +2.4% |
| Shenzhen Weiguang Biological Products 002880.SZ | China | $682M | -22% | 0% | 18% | 4.7× | n/a | n/a |
| Aura Biosciences AURA | United States | $680M | -22% | n/a | n/a | n/a | n/a | n/a |
| 4D Molecular Therapeutics FDMT | United States | $677M | +21% | +278,712% | -214% | 3.9× | n/a | n/a |
| Candel Therapeutics CADL | United States | $670M | +5% | n/a | n/a | n/a | n/a | n/a |
| Boji Medical Technology 300404.SZ | China | $664M | +7% | +32% | 4% | 4.1× | 35.4% | +27.2% |
| Wave Life Sciences WVE | United States | $664M | -53% | -35% | -321% | 3.9× | n/a | n/a |
| Prime Medicine PRME | United States | $843M | +45% | -18% | -4,825% | 211.3× | n/a | n/a |
| Peptidream 4587.T | Japan | $856M | -10% | +1% | -25% | 6.6× | n/a | n/a |
| Syndax Pharmaceuticals SNDX | United States | $859M | -56% | +160% | -62% | 3.5× | n/a | n/a |