MicroPort Scientific Valuation
Is 853 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 853 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 853 (HK$6.56) is trading below our estimate of fair value (HK$13.46)
Significantly Below Fair Value: 853 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 853?
Key metric: As 853 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 853's PS Ratio? | |
|---|---|
| PS Ratio | 1.5x |
| Sales | US$1.03b |
| Market Cap | US$1.56b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.7x |
| Enterprise Value/EBITDA | -18.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 853's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.4x | ||
6699 Angelalign Technology | 5.5x | 15.5% | HK$10.1b |
1302 LifeTech Scientific | 5x | 21.5% | HK$6.8b |
1789 AK Medical Holdings | 4.8x | 24.7% | HK$5.6b |
2291 LEPU ScienTech Medical Technology (Shanghai) | 14.3x | n/a | HK$6.2b |
853 MicroPort Scientific | 1.5x | 15.4% | HK$12.1b |
Price-To-Sales vs Peers: 853 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (7.4x).
Price to Sales Ratio vs Industry
How does 853's PS Ratio compare vs other companies in the HK Medical Equipment Industry?
| 5 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
1763 China Isotope & Radiation | 0.5x | n/a | US$436.51m |
1120 Arts Optical International Holdings | 0.3x | n/a | US$45.75m |
1612 Vincent Medical Holdings | 0.3x | n/a | US$33.23m |
2393 Yestar Healthcare Holdings | 0.05x | n/a | US$18.91m |
| 5 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: 853 is good value based on its Price-To-Sales Ratio (1.5x) compared to the Hong Kong Medical Equipment industry average (3.2x).
Price to Sales Ratio vs Fair Ratio
What is 853'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1.5x |
| Fair PS Ratio | 2.7x |
Price-To-Sales vs Fair Ratio: 853 is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | HK$6.56 | HK$8.96 +36.6% | 52.3% | HK$21.04 | HK$5.79 | n/a | 8 |
| Dec ’25 | HK$6.01 | HK$8.96 +49.1% | 52.3% | HK$21.04 | HK$5.79 | n/a | 8 |
| Nov ’25 | HK$6.48 | HK$8.88 +37.0% | 52.8% | HK$21.00 | HK$5.78 | n/a | 8 |
| Oct ’25 | HK$7.88 | HK$8.88 +12.7% | 52.6% | HK$20.94 | HK$5.79 | n/a | 8 |
| Sep ’25 | HK$4.94 | HK$11.71 +137.1% | 55.0% | HK$24.20 | HK$6.69 | n/a | 8 |
| Aug ’25 | HK$5.30 | HK$11.73 +121.3% | 54.9% | HK$24.20 | HK$6.71 | n/a | 8 |
| Jul ’25 | HK$5.27 | HK$12.14 +130.4% | 51.0% | HK$24.17 | HK$6.69 | n/a | 8 |
| Jun ’25 | HK$5.80 | HK$12.62 +117.6% | 55.2% | HK$24.91 | HK$6.69 | n/a | 8 |
| May ’25 | HK$6.29 | HK$13.34 +112.0% | 54.1% | HK$25.00 | HK$6.71 | n/a | 7 |
| Apr ’25 | HK$6.57 | HK$13.94 +112.1% | 49.1% | HK$24.98 | HK$7.19 | n/a | 8 |
| Mar ’25 | HK$7.40 | HK$16.79 +126.9% | 36.4% | HK$24.97 | HK$8.40 | n/a | 8 |
| Feb ’25 | HK$5.78 | HK$17.80 +207.9% | 29.4% | HK$24.97 | HK$9.49 | n/a | 8 |
| Jan ’25 | HK$8.42 | HK$18.88 +124.2% | 24.2% | HK$24.93 | HK$9.48 | n/a | 8 |
| Dec ’24 | HK$12.54 | HK$18.89 +50.6% | 24.2% | HK$24.95 | HK$9.48 | HK$6.01 | 8 |
| Nov ’24 | HK$12.18 | HK$18.89 +55.1% | 24.2% | HK$24.95 | HK$9.48 | HK$6.48 | 8 |
| Oct ’24 | HK$11.84 | HK$18.89 +59.5% | 24.2% | HK$24.95 | HK$9.48 | HK$7.88 | 8 |
| Sep ’24 | HK$13.42 | HK$21.76 +62.1% | 28.4% | HK$30.17 | HK$9.50 | HK$4.94 | 9 |
| Aug ’24 | HK$15.36 | HK$23.01 +49.8% | 26.7% | HK$29.99 | HK$9.48 | HK$5.30 | 9 |
| Jul ’24 | HK$14.16 | HK$24.74 +74.7% | 26.0% | HK$32.30 | HK$9.49 | HK$5.27 | 9 |
| Jun ’24 | HK$13.80 | HK$25.35 +83.7% | 20.5% | HK$32.31 | HK$14.49 | HK$5.80 | 9 |
| May ’24 | HK$17.28 | HK$25.35 +46.7% | 20.5% | HK$32.32 | HK$14.50 | HK$6.29 | 9 |
| Apr ’24 | HK$18.46 | HK$25.27 +36.9% | 19.0% | HK$32.32 | HK$15.58 | HK$6.57 | 9 |
| Mar ’24 | HK$22.75 | HK$25.34 +11.4% | 19.8% | HK$32.32 | HK$15.58 | HK$7.40 | 8 |
| Feb ’24 | HK$26.30 | HK$23.51 -10.6% | 18.7% | HK$29.85 | HK$15.50 | HK$5.78 | 8 |
| Jan ’24 | HK$20.55 | HK$26.04 +26.7% | 48.8% | HK$57.40 | HK$15.50 | HK$8.42 | 8 |
| Dec ’23 | HK$18.72 | HK$26.17 +39.8% | 48.8% | HK$57.71 | HK$15.47 | HK$12.54 | 8 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:27 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
MicroPort Scientific Corporation is covered by 25 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sandra Sun | BofA Global Research |
| Yuan Gao | China International Capital Corporation Limited |
| Bo Yu | China International Capital Corporation Limited |