| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥20.64 |
| 52 Week High | CN¥36.89 |
| 52 Week Low | CN¥15.90 |
| Beta | 0.32 |
| 1 Month Change | 0.44% |
| 3 Month Change | -17.83% |
| 1 Year Change | -8.39% |
| 3 Year Change | 14.86% |
| 5 Year Change | 19.44% |
| Change since IPO | -41.74% |
Recent News & Updates
Shareholder Returns
| 600587 | CN Medical Equipment | CN Market | |
|---|---|---|---|
| 7D | 4.4% | -0.6% | 2.9% |
| 1Y | -8.4% | -38.9% | -15.8% |
Return vs Industry: 600587 exceeded the CN Medical Equipment industry which returned -38.9% over the past year.
Return vs Market: 600587 exceeded the CN Market which returned -15.8% over the past year.
Price Volatility
| 600587 volatility | |
|---|---|
| 600587 Average Weekly Movement | 10.3% |
| Medical Equipment Industry Average Movement | 7.4% |
| Market Average Movement | 7.4% |
| 10% most volatile stocks in CN Market | 10.3% |
| 10% least volatile stocks in CN Market | 5.3% |
Stable Share Price: 600587 is more volatile than 90% 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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1943 | 6,676 | Yu Quan Wang | https://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
| 600587 fundamental statistics | |
|---|---|
| Market Cap | CN¥8.50b |
| Earnings (TTM) | CN¥537.40m |
| Revenue (TTM) | CN¥9.08b |
15.8x
P/E Ratio0.9x
P/S RatioIs 600587 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 600587 income statement (TTM) | |
|---|---|
| Revenue | CN¥9.08b |
| Cost of Revenue | CN¥6.88b |
| Gross Profit | CN¥2.20b |
| Other Expenses | CN¥1.66b |
| Earnings | CN¥537.40m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.30 |
| Gross Margin | 24.25% |
| Net Profit Margin | 5.92% |
| Debt/Equity Ratio | 24.6% |
How did 600587 perform over the long term?
See historical performance and comparisonDividends
0.7%
Current Dividend Yield11%
Payout RatioValuation
Is Shinva Medical Instrument undervalued compared to its fair value and its price relative to the market?
Valuation Score
4/6Valuation 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 (28.9x).
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
1/6Future 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
5/6Past 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
6/6Financial 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
4/6Dividend 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 (2.11%).
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: XSSC
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/16 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.