Scienture Holdings, Inc.

SCNX · Healthcare · $14.9M mkt cap · FY2025 filings · · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

20

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $9.9M to $431609, decreasing; diluted EPS -9.10 to -2.70, increasing. Latest-filed diluted EPS remains usable for Business Trend, but an integer share-count change lacks enough evidence to confirm a comparable EPS basis; valuation growth therefore stays at 0%.

69

Median gross margin 59.7% over 10y, variable.

4

Median ROIC -33.6%, above the 12% hurdle in 13% of years.

28

Net debt/EBITDA n/ax, interest coverage -10x.

44

Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.37
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Sep 4, 2026.

Exactly which 50 companies?

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Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

Fundamentals

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Visual explainers

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Moat Score history

16 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale33.1 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Sep 4, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for SCNX.

Healthcare context

#489 of 708 scored Healthcare companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #487SNGX SOLIGENIX, INC.33.1 out of 100, No moatNo moat
  2. #488PGEN PRECIGEN, INC.33.1 out of 100, No moatNo moat
  3. #490CYCN CYCLERION THERAPEUTICS, INC.33.1 out of 100, No moatNo moat
  4. #491ABUS Arbutus Biopharma Corp33.0 out of 100, No moatNo moat

Compare SCNX with its nearest peersAll Healthcare companies on the Index →

Common questions about SCNX

Does Scienture Holdings, Inc. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores Scienture Holdings, Inc. (SCNX) 33.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 20, pricing power 69, returns on capital 4, balance-sheet safety 28, capital allocation 44.
How has SCNX's Moat Score changed over time?
The record logs 16 readings since Jul 17, 2026; the latest reads 33.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.