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3007

Shenzhen Mindray Bio-Medical Electronics SZSE:300760 Stock Report

Last Price

CN¥300.50

Market Cap

CN¥361.0b

7D

1.6%

1Y

-13.5%

Updated

17 Aug, 2022

Data

Company Financials +
300760 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends3/6

300760 Stock Overview

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Shenzhen Mindray Bio-Medical Electronics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shenzhen Mindray Bio-Medical Electronics
Historical stock prices
Current Share PriceCN¥300.50
52 Week HighCN¥402.18
52 Week LowCN¥276.31
Beta0.028
1 Month Change-3.07%
3 Month Change-0.51%
1 Year Change-13.45%
3 Year Change78.35%
5 Year Changen/a
Change since IPO327.64%

Recent News & Updates

Shareholder Returns

300760CN Medical EquipmentCN Market
7D1.6%0.4%1.3%
1Y-13.5%-23.7%-7.2%

Return vs Industry: 300760 exceeded the CN Medical Equipment industry which returned -23.7% over the past year.

Return vs Market: 300760 underperformed the CN Market which returned -7.2% over the past year.

Price Volatility

Is 300760's price volatile compared to industry and market?
300760 volatility
300760 Average Weekly Movement4.4%
Medical Equipment Industry Average Movement5.6%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.8%

Stable Share Price: 300760 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 300760's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199111,833Cheng Minghehttps://www.mindray.com

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. provides medical devices and solutions worldwide. The company offers patient monitoring and life support products, such as patient monitoring systems, electrocardiographs, defibrillators, anesthesia machines, ventilators, infusion pumps, surgical lights, operating tables, medical supply units, endoscopes, and accessories, as well as emergency care, peri-operative care, critical care, and IT solutions.

Shenzhen Mindray Bio-Medical Electronics Fundamentals Summary

How do Shenzhen Mindray Bio-Medical Electronics's earnings and revenue compare to its market cap?
300760 fundamental statistics
Market CapCN¥361.00b
Earnings (TTM)CN¥8.39b
Revenue (TTM)CN¥26.43b

43.3x

P/E Ratio

13.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300760 income statement (TTM)
RevenueCN¥26.43b
Cost of RevenueCN¥9.37b
Gross ProfitCN¥17.06b
Other ExpensesCN¥8.67b
EarningsCN¥8.39b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.94
Gross Margin64.56%
Net Profit Margin31.75%
Debt/Equity Ratio0%

How did 300760 perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

51%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300760 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300760?

Other financial metrics that can be useful for relative valuation.

300760 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue13.1x
Enterprise Value/EBITDA35.2x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does 300760's PE Ratio compare to its peers?

300760 PE Ratio vs Peers
The above table shows the PE ratio for 300760 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.8x
300529 Jafron BiomedicalLtd
28.8x31.3%CN¥36.0b
300003 Lepu Medical Technology (Beijing)
20.8x21.3%CN¥31.9b
002223 Jiangsu Yuyue Medical Equipment & Supply
18.4x17.5%CN¥27.7b
688301 iRay Technology
70.8x29.5%CN¥36.1b
300760 Shenzhen Mindray Bio-Medical Electronics
43x20.0%CN¥361.0b

Price-To-Earnings vs Peers: 300760 is expensive based on its Price-To-Earnings Ratio (43.3x) compared to the peer average (34.8x).


Price to Earnings Ratio vs Industry

How does 300760's PE Ratio compare vs other companies in the CN Medical Equipment Industry?

Price-To-Earnings vs Industry: 300760 is expensive based on its Price-To-Earnings Ratio (43.3x) compared to the CN Medical Equipment industry average (32.9x)


Price to Earnings Ratio vs Fair Ratio

What is 300760's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

300760 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.3x
Fair PE Ratio37.6x

Price-To-Earnings vs Fair Ratio: 300760 is expensive based on its Price-To-Earnings Ratio (43.3x) compared to the estimated Fair Price-To-Earnings Ratio (37.6x).


Share Price vs Fair Value

What is the Fair Price of 300760 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300760 (CN¥300.5) is trading below our estimate of fair value (CN¥429.3)

Significantly Below Fair Value: 300760 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

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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Future Growth

How is Shenzhen Mindray Bio-Medical Electronics forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300760's forecast earnings growth (20% per year) is above the savings rate (3.2%).

Earnings vs Market: 300760's earnings (20% per year) are forecast to grow slower than the CN market (24.7% per year).

High Growth Earnings: 300760's earnings are forecast to grow, but not significantly.

Revenue vs Market: 300760's revenue (19.7% per year) is forecast to grow faster than the CN market (17.8% per year).

High Growth Revenue: 300760's revenue (19.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300760's Return on Equity is forecast to be high in 3 years time (29.2%)


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Past Performance

How has Shenzhen Mindray Bio-Medical Electronics performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300760 has high quality earnings.

Growing Profit Margin: 300760's current net profit margins (31.7%) are lower than last year (32%).


Past Earnings Growth Analysis

Earnings Trend: 300760's earnings have grown significantly by 26.1% per year over the past 5 years.

Accelerating Growth: 300760's earnings growth over the past year (18.9%) is below its 5-year average (26.1% per year).

Earnings vs Industry: 300760 earnings growth over the past year (18.9%) exceeded the Medical Equipment industry 9.2%.


Return on Equity

High ROE: 300760's Return on Equity (29.9%) is considered high.


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Financial Health

How is Shenzhen Mindray Bio-Medical Electronics'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: 300760's short term assets (CN¥21.7B) exceed its short term liabilities (CN¥8.8B).

Long Term Liabilities: 300760's short term assets (CN¥21.7B) exceed its long term liabilities (CN¥1.5B).


Debt to Equity History and Analysis

Debt Level: 300760 is debt free.

Reducing Debt: 300760 has no debt compared to 5 years ago when its debt to equity ratio was 60.8%.

Debt Coverage: 300760 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 300760 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Shenzhen Mindray Bio-Medical Electronics's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.16%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300760's dividend (1.16%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 300760's dividend (1.16%) is low compared to the top 25% of dividend payers in the CN market (1.87%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 300760 has been paying a dividend for less than 10 years.

Growing Dividend: 300760's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.6%), 300760's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (58.1%), 300760's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average board tenure


CEO

Cheng Minghe (61 yo)

no data

Tenure

CN¥18,740,200

Compensation

Mr. Cheng Minghe is a Managing Director & Director at Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Mr. Minghe has been the Chief Strategic Officer of Mindray Medical International Ltd. since Septembe...


Board Members

Experienced Board: 300760's board of directors are not considered experienced ( 2.8 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

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Ticker: 300760
  • Exchange: SZSE
  • Founded: 1991
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: CN¥361.004b
  • Shares outstanding: 1.21b
  • Website: https://www.mindray.com

Number of Employees


Location

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Mindray Building
  • Keji 12th Road South
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 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.