Financials Shanghai MicroPort Endovascular MedTech Co., Ltd.

Equities

688016

CNE100003MJ5

Medical Equipment, Supplies & Distribution

End-of-day quote Shanghai S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
174.9 CNY -3.12% Intraday chart for Shanghai MicroPort Endovascular MedTech Co., Ltd. +2.64% -10.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,578 18,081 17,904 13,607 16,101 14,467 - -
Enterprise Value (EV) 1 10,578 17,030 16,669 12,639 13,145 11,769 11,450 10,574
P/E ratio 63.6 x 84.3 x 56.7 x 38.1 x 28.6 x 22.6 x 17.7 x 13.5 x
Yield 0.44% 0.36% 0.84% 1.22% 1.54% 2.18% 2.34% 3.57%
Capitalization / Revenue 31.7 x 38.4 x 26.2 x 15.2 x 13.6 x 9.42 x 7.38 x 5.69 x
EV / Revenue 31.7 x 36.2 x 24.3 x 14.1 x 11.1 x 7.66 x 5.84 x 4.16 x
EV / EBITDA 62.3 x 64.1 x 43.7 x 28.2 x 21.6 x 15.6 x 12.1 x 8.13 x
EV / FCF - - - 318 x 35.7 x 27.3 x 26.1 x 19.6 x
FCF Yield - - - 0.31% 2.8% 3.66% 3.83% 5.11%
Price to Book 9.92 x 14.7 x 12 x 7.92 x 4.19 x 3.59 x 3.2 x 2.68 x
Nbr of stocks (in thousands) 71,978 71,978 71,978 71,978 82,726 82,726 - -
Reference price 2 147.0 251.2 248.7 189.0 194.6 174.9 174.9 174.9
Announcement Date 2/28/20 2/26/21 2/24/22 2/27/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 333.7 470.3 684.6 896.5 1,187 1,536 1,959 2,542
EBITDA 1 169.9 265.5 381.1 448.7 608.8 754.3 949.3 1,301
EBIT 1 164.3 249.9 362.8 415.2 573.9 744.7 948.3 1,236
Operating Margin 49.22% 53.15% 52.99% 46.31% 48.34% 48.48% 48.4% 48.63%
Earnings before Tax (EBT) 1 164.3 249.6 361.7 413.9 572.3 753.8 952.4 1,244
Net income 1 141.8 214.6 315.9 356.9 492.4 629.9 798.4 1,067
Net margin 42.48% 45.64% 46.14% 39.81% 41.48% 41% 40.75% 41.99%
EPS 2 2.310 2.980 4.390 4.960 6.810 7.736 9.876 12.94
Free Cash Flow 1 - - - 39.78 368 431 439 540
FCF margin - - - 4.44% 31% 28.06% 22.4% 21.24%
FCF Conversion (EBITDA) - - - 8.87% 60.45% 57.14% 46.24% 41.52%
FCF Conversion (Net income) - - - 11.15% 74.74% 68.43% 54.99% 50.59%
Dividend per Share 2 0.6500 0.9000 2.100 2.300 3.000 3.812 4.100 6.240
Announcement Date 2/28/20 2/26/21 2/24/22 2/27/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 174.5 257.9 200.9 205.4 232.3 285.6 336 266.8 298.7 358.1 382.6 382.6 442.1 - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 70.51 141.4 109.1 98.7 66.02 144.5 182.4 126 120.6 217.8 175.3 175.3 202.6 - -
Operating Margin 40.41% 54.84% 54.29% 48.04% 28.43% 50.61% 54.29% 47.21% 40.38% 60.81% 45.81% 45.81% 45.81% - -
Earnings before Tax (EBT) 1 70.37 141.2 109.1 98.27 65.3 144.9 181.3 126 120.5 216.8 178.7 178.7 241.2 - -
Net income 1 65.87 123.5 91.55 85.85 56 124.8 155.1 108.9 104 184.3 152.8 154 209.1 - -
Net margin 37.75% 47.88% 45.57% 41.79% 24.11% 43.71% 46.15% 40.81% 34.81% 51.47% 39.95% 40.25% 47.3% - -
EPS 2 0.9200 1.720 1.270 1.190 0.7800 1.730 2.160 1.520 1.410 2.230 1.848 1.862 2.528 - -
Dividend per Share 2 2.100 - - - 2.300 - - - 3.000 - - - 3.936 - -
Announcement Date 2/24/22 4/29/22 8/25/22 10/28/22 2/27/23 4/27/23 7/28/23 10/27/23 2/23/24 4/26/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 1,051 1,234 968 2,956 2,699 3,017 3,893
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 39.8 368 431 439 540
ROE (net income / shareholders' equity) 24.7% 18.7% 23.2% 22.2% 26.4% 16.4% 18.5% 19.2%
ROA (Net income/ Total Assets) 19.9% 17% 20.2% - 15.8% 14.6% 16.6% 17.5%
Assets 1 712.3 1,266 1,566 - 3,119 4,326 4,815 6,117
Book Value Per Share 2 14.80 17.10 20.80 23.90 46.50 48.70 54.70 65.30
Cash Flow per Share 2 2.330 3.020 4.170 4.640 6.750 7.510 9.540 11.80
Capex 1 21.2 26.2 89.6 294 190 235 215 213
Capex / Sales 6.36% 5.58% 13.08% 32.79% 16.03% 15.3% 10.98% 8.39%
Announcement Date 2/28/20 2/26/21 2/24/22 2/27/23 2/23/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
174.9 CNY
Average target price
237.4 CNY
Spread / Average Target
+35.74%
Consensus
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