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3008

Winner Medical SZSE:300888 Stock Report

Last Price

CN¥57.68

Market Cap

CN¥24.2b

7D

0.5%

1Y

-53.7%

Updated

15 May, 2022

Data

Company Financials +
300888 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance1/6
Financial Health6/6
Dividends2/6

300888 Stock Overview

Winner Medical Co., Ltd. engages in the research and development, manufacture, and marketing of cotton-based medical dressings and medical disposables, and consumer products in China.

Winner Medical Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Winner Medical
Historical stock prices
Current Share PriceCN¥57.68
52 Week HighCN¥144.95
52 Week LowCN¥52.80
Beta0
1 Month Change-5.84%
3 Month Change-20.42%
1 Year Change-53.66%
3 Year Changen/a
5 Year Changen/a
Change since IPO-54.31%

Recent News & Updates

Shareholder Returns

300888CN Medical EquipmentCN Market
7D0.5%1.4%3.6%
1Y-53.7%-35.7%-14.6%

Return vs Industry: 300888 underperformed the CN Medical Equipment industry which returned -35.7% over the past year.

Return vs Market: 300888 underperformed the CN Market which returned -14.6% over the past year.

Price Volatility

Is 300888's price volatile compared to industry and market?
300888 volatility
300888 Average Weekly Movement4.9%
Medical Equipment Industry Average Movement7.4%
Market Average Movement7.3%
10% most volatile stocks in CN Market10.2%
10% least volatile stocks in CN Market5.3%

Stable Share Price: 300888 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 300888's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199112,082Jianquan Lihttps://www.winnermedical.com

Winner Medical Co., Ltd. engages in the research and development, manufacture, and marketing of cotton-based medical dressings and medical disposables, and consumer products in China. It operates through three segments: Medical Consumables, Healthy Consumer Goods, and Cotton Non-Woven Coil. The company offers wound care products, including gauze sheets, non-woven sheets, gauze bandage, dressing change kits, silicone dressings, alginate dressings, etc.; infection prevention products, such as surgical packs, surgical gowns, masks, protective suits, isolation gowns, etc.; and disinfection and cleaning products comprising cotton swabs, cotton pads, cotton balls, alcohol cotton pads, disinfectant, etc. It also offers non-woven consumer goods, such as cotton tissues, wet wipes, sanitary pads, makeup cotton pads, disposable underwear, etc.; and textile consumer goods, including baby supplies and clothing, adult clothing, and other textile consumer goods.

Winner Medical Fundamentals Summary

How do Winner Medical's earnings and revenue compare to its market cap?
300888 fundamental statistics
Market CapCN¥24.21b
Earnings (TTM)CN¥1.12b
Revenue (TTM)CN¥8.09b

21.7x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300888 income statement (TTM)
RevenueCN¥8.09b
Cost of RevenueCN¥4.31b
Gross ProfitCN¥3.79b
Other ExpensesCN¥2.67b
EarningsCN¥1.12b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.66
Gross Margin46.78%
Net Profit Margin13.79%
Debt/Equity Ratio0.9%

How did 300888 perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

34%

Payout Ratio

Valuation

Is Winner Medical 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


13.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 300888 (CN¥57.68) is trading below our estimate of fair value (CN¥66.47)

Significantly Below Fair Value: 300888 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 300888 is good value based on its PE Ratio (21.7x) compared to the CN Medical Equipment industry average (30x).

PE vs Market: 300888 is good value based on its PE Ratio (21.7x) compared to the CN market (30.4x).


Price to Earnings Growth Ratio

PEG Ratio: 300888 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 300888 is good value based on its PB Ratio (2.2x) compared to the CN Medical Equipment industry average (2.9x).


Future Growth

How is Winner Medical forecast to perform in the next 1 to 3 years based on estimates from 5 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


17.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300888's forecast earnings growth (17.7% per year) is above the savings rate (3.3%).

Earnings vs Market: 300888's earnings (17.7% per year) are forecast to grow slower than the CN market (23.8% per year).

High Growth Earnings: 300888's earnings are forecast to grow, but not significantly.

Revenue vs Market: 300888's revenue (15.5% per year) is forecast to grow slower than the CN market (17.2% per year).

High Growth Revenue: 300888's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300888's Return on Equity is forecast to be low in 3 years time (13.9%).


Past Performance

How has Winner Medical performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


28.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300888 has a high level of non-cash earnings.

Growing Profit Margin: 300888's current net profit margins (13.8%) are lower than last year (29.8%).


Past Earnings Growth Analysis

Earnings Trend: 300888's earnings have grown significantly by 28.1% per year over the past 5 years.

Accelerating Growth: 300888's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 300888 had negative earnings growth (-71.9%) over the past year, making it difficult to compare to the Medical Equipment industry average (9.1%).


Return on Equity

High ROE: 300888's Return on Equity (10.3%) is considered low.


Financial Health

How is Winner Medical'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: 300888's short term assets (CN¥10.5B) exceed its short term liabilities (CN¥2.3B).

Long Term Liabilities: 300888's short term assets (CN¥10.5B) exceed its long term liabilities (CN¥442.9M).


Debt to Equity History and Analysis

Debt Level: 300888 has more cash than its total debt.

Reducing Debt: 300888's debt to equity ratio has reduced from 8.3% to 0.9% over the past 5 years.

Debt Coverage: 300888's debt is well covered by operating cash flow (1081.1%).

Interest Coverage: 300888 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Winner Medical 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

  • Future Dividend Coverage


1.56%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300888's dividend (1.56%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).

High Dividend: 300888's dividend (1.56%) is low compared to the top 25% of dividend payers in the CN market (2.12%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 300888's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 300888's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.3%), 300888's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (108.6%), 300888's dividend payments are not well covered by cash flows.


Next Steps

Management

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

0.8yrs

Average board tenure


CEO

Jianquan Li (64 yo)

no data

Tenure

Mr. Jianquan Li is Chief Executive Officer of Winner Medical Co., Ltd. and serves as its Non-Independent Director since July 13, 2021. He also serves as Chairman of Winner Medical Co., Ltd.


Board Members

Experienced Board: 300888's board of directors are not considered experienced ( 0.8 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

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


Key Information

  • Name: Winner Medical Co., Ltd.
  • Ticker: 300888
  • Exchange: SZSE
  • Founded: 1991
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Implied Market Cap: CN¥24.210b
  • Shares outstanding: 419.74m
  • Website: https://www.winnermedical.com

Number of Employees


Location

  • Winner Medical Co., Ltd.
  • Winner Industrial Park
  • No. 660 Bulong Road
  • Shenzhen
  • Guangdong Province
  • 518109
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 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.