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6005

Shinva Medical Instrument SHSE:600587 Stock Report

Last Price

CN¥20.64

Market Cap

CN¥8.5b

7D

0.3%

1Y

-12.0%

Updated

16 May, 2022

Data

Company Financials +
600587 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends4/6

600587 Stock Overview

Shinva Medical Instrument Co., Ltd. provides medical instruments and equipment in the People’s Republic of China.

Shinva Medical Instrument Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shinva Medical Instrument
Historical stock prices
Current Share PriceCN¥20.64
52 Week HighCN¥36.89
52 Week LowCN¥15.90
Beta0.32
1 Month Change0.44%
3 Month Change-16.03%
1 Year Change-12.02%
3 Year Change9.90%
5 Year Change16.09%
Change since IPO348.32%

Recent News & Updates

Shareholder Returns

600587CN Medical EquipmentCN Market
7D0.3%-0.6%2.9%
1Y-12.0%-38.9%-15.8%

Return vs Industry: 600587 exceeded the CN Medical Equipment industry which returned -35.7% over the past year.

Return vs Market: 600587 exceeded the CN Market which returned -14.6% over the past year.

Price Volatility

Is 600587's price volatile compared to industry and market?
600587 volatility
600587 Average Weekly Movement10.1%
Medical Equipment Industry Average Movement7.4%
Market Average Movement7.4%
10% most volatile stocks in CN Market10.3%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 600587 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 600587's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

FoundedEmployeesCEOWebsite
19436,676Yu Quan Wanghttps://www.shinva.com

Shinva Medical Instrument Co., Ltd. provides medical instruments and equipment in the People’s Republic of China. It offers CSSD integrated solutions, pharmaceutical equipment integrated solutions, radiotherapy integrated solutions, digital operating room integrated solutions, dental integrated solutions, medical environmental protection integrated solutions, experiment animal safeguard integrated solutions, in vitro diagnostic reagents and instruments, and biomedical materials and supplies. The company also provides pharmaceutical machinery and air purifiers.

Shinva Medical Instrument Fundamentals Summary

How do Shinva Medical Instrument's earnings and revenue compare to its market cap?
600587 fundamental statistics
Market CapCN¥8.50b
Earnings (TTM)CN¥537.40m
Revenue (TTM)CN¥9.08b

15.8x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600587 income statement (TTM)
RevenueCN¥9.08b
Cost of RevenueCN¥6.88b
Gross ProfitCN¥2.20b
Other ExpensesCN¥1.66b
EarningsCN¥537.40m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.30
Gross Margin24.25%
Net Profit Margin5.92%
Debt/Equity Ratio24.6%

How did 600587 perform over the long term?

See historical performance and comparison

Dividends

0.7%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Shinva Medical Instrument undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


15.82x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 600587 (CN¥20.64) is trading above our estimate of fair value (CN¥7.34)

Significantly Below Fair Value: 600587 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600587 is good value based on its PE Ratio (15.8x) compared to the CN Medical Equipment industry average (30x).

PE vs Market: 600587 is good value based on its PE Ratio (15.8x) compared to the CN market (30.4x).


Price to Earnings Growth Ratio

PEG Ratio: 600587 is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 600587 is good value based on its PB Ratio (1.7x) compared to the CN Medical Equipment industry average (2.9x).


Future Growth

How is Shinva Medical Instrument forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600587's forecast earnings growth (17.8% per year) is above the savings rate (3.3%).

Earnings vs Market: 600587's earnings (17.8% per year) are forecast to grow slower than the CN market (23.8% per year).

High Growth Earnings: 600587's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600587's revenue (9.2% per year) is forecast to grow slower than the CN market (17.2% per year).

High Growth Revenue: 600587's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600587's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Shinva Medical Instrument performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600587 has high quality earnings.

Growing Profit Margin: 600587's current net profit margins (5.9%) are higher than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 600587's earnings have grown significantly by 33% per year over the past 5 years.

Accelerating Growth: 600587's earnings growth over the past year (54.8%) exceeds its 5-year average (33% per year).

Earnings vs Industry: 600587 earnings growth over the past year (54.8%) exceeded the Medical Equipment industry 9.1%.


Return on Equity

High ROE: 600587's Return on Equity (9.9%) is considered low.


Financial Health

How is Shinva Medical Instrument's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600587's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥6.6B).

Long Term Liabilities: 600587's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥263.8M).


Debt to Equity History and Analysis

Debt Level: 600587 has more cash than its total debt.

Reducing Debt: 600587's debt to equity ratio has reduced from 99.4% to 24.6% over the past 5 years.

Debt Coverage: 600587's debt is well covered by operating cash flow (54.2%).

Interest Coverage: 600587 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shinva Medical Instrument current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600587's dividend (0.73%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 600587's dividend (0.73%) is low compared to the top 25% of dividend payers in the CN market (2.12%).


Stability and Growth of Payments

Stable Dividend: 600587's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600587's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (11.4%), 600587's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13.3%), 600587's dividend payments are thoroughly covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Yu Quan Wang (53 yo)

2.17yrs

Tenure

CN¥534,900

Compensation

Mr. Yu Quan Wang has been Chairman of Shinva Medical Instrument Co., Ltd. since October 23, 2020 and has been its Director since May 2020 and General Manager since March 2020. Mr. Wang served as Deputy Gen...


Leadership Team

Experienced Management: 600587's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: 600587's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shinva Medical Instrument Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shinva Medical Instrument Co., Ltd.
  • Ticker: 600587
  • Exchange: SHSE
  • Founded: 1943
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: CN¥8.503b
  • Shares outstanding: 411.97m
  • Website: https://www.shinva.com

Number of Employees


Location

  • Shinva Medical Instrument Co., Ltd.
  • No. 7 Taimei Road
  • Zibo New & Hi-Tech Zone
  • Zibo
  • Shandong Province
  • 255086
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/05/16 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.