company background image
1MD

Modern Dental Group DB:1MD Stock Report

Last Price

HK$0.31

Market Cap

HK$311.5m

7D

-3.1%

1Y

-28.9%

Updated

15 May, 2022

Data

Company Financials +
1MD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends4/6

1MD Stock Overview

Modern Dental Group Limited, an investment holding company, engages in production and distribution of dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally.

Modern Dental Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Modern Dental Group
Historical stock prices
Current Share PriceHK$0.31
52 Week HighHK$1.12
52 Week LowHK$0.29
Beta1.31
1 Month Change-13.89%
3 Month Change-33.48%
1 Year Change-28.90%
3 Year Change123.02%
5 Year Change-13.89%
Change since IPO-37.37%

Recent News & Updates

Shareholder Returns

1MDDE Medical EquipmentDE Market
7D-3.1%5.5%1.2%
1Y-28.9%0.2%-12.2%

Return vs Industry: 1MD underperformed the German Medical Equipment industry which returned 0.2% over the past year.

Return vs Market: 1MD underperformed the German Market which returned -12.2% over the past year.

Price Volatility

Is 1MD's price volatile compared to industry and market?
1MD volatility
1MD Average Weekly Movement9.6%
Medical Equipment Industry Average Movement6.5%
Market Average Movement6.4%
10% most volatile stocks in DE Market10.7%
10% least volatile stocks in DE Market3.5%

Stable Share Price: 1MD is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1MD's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
19866,596Godfrey Ngaihttps://www.moderndentalgp.com

Modern Dental Group Limited, an investment holding company, engages in production and distribution of dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally. It operates through three segments: Fixed Prosthetic Devices, Removable Prosthetic Devices, and Others. The Fixed Prosthetic Devices segment offers restorative dental procedures, such as crowns, bridges, and implant.

Modern Dental Group Fundamentals Summary

How do Modern Dental Group's earnings and revenue compare to its market cap?
1MD fundamental statistics
Market CapHK$2.55b
Earnings (TTM)HK$360.83m
Revenue (TTM)HK$2.96b

7.1x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1MD income statement (TTM)
RevenueHK$2.96b
Cost of RevenueHK$1.40b
Gross ProfitHK$1.55b
Other ExpensesHK$1.19b
EarningsHK$360.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin52.47%
Net Profit Margin12.21%
Debt/Equity Ratio28.5%

How did 1MD perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

32%

Payout Ratio

Does 1MD pay a reliable dividends?

See 1MD dividend history and benchmarks
When do you need to buy 1MD by to receive an upcoming dividend?
Modern Dental Group dividend dates
Ex Dividend DateMay 26 2022
Dividend Pay DateJun 22 2022
Days until Ex dividend10 days
Days until Dividend pay date37 days

Does 1MD pay a reliable dividends?

See 1MD dividend history and benchmarks

Valuation

Is Modern Dental Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 1MD (€0.31) is trading below our estimate of fair value (€2.38)

Significantly Below Fair Value: 1MD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1MD is good value based on its PE Ratio (7.1x) compared to the German Medical Equipment industry average (31.2x).

PE vs Market: 1MD is good value based on its PE Ratio (7.1x) compared to the German market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: 1MD is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 1MD is good value based on its PB Ratio (1.1x) compared to the DE Medical Equipment industry average (2.9x).


Future Growth

How is Modern Dental Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1MD's forecast earnings growth (20.4% per year) is above the savings rate (-0.05%).

Earnings vs Market: 1MD's earnings (20.4% per year) are forecast to grow faster than the German market (7.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1MD's revenue (14.6% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: 1MD's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1MD's Return on Equity is forecast to be high in 3 years time (29.4%)


Past Performance

How has Modern Dental Group 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


25.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1MD has high quality earnings.

Growing Profit Margin: 1MD's current net profit margins (12.2%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: 1MD's earnings have grown significantly by 25% per year over the past 5 years.

Accelerating Growth: 1MD's earnings growth over the past year (234.8%) exceeds its 5-year average (25% per year).

Earnings vs Industry: 1MD earnings growth over the past year (234.8%) exceeded the Medical Equipment industry 16%.


Return on Equity

High ROE: 1MD's Return on Equity (15.3%) is considered low.


Financial Health

How is Modern Dental Group'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: 1MD's short term assets (HK$1.4B) exceed its short term liabilities (HK$668.3M).

Long Term Liabilities: 1MD's short term assets (HK$1.4B) exceed its long term liabilities (HK$630.4M).


Debt to Equity History and Analysis

Debt Level: 1MD's net debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: 1MD's debt to equity ratio has reduced from 33.9% to 28.5% over the past 5 years.

Debt Coverage: 1MD's debt is well covered by operating cash flow (78%).

Interest Coverage: 1MD's interest payments on its debt are well covered by EBIT (26x coverage).


Balance Sheet


Dividend

What is Modern Dental Group 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


4.47%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 16 2022Ex Dividend DateMay 26 2022Dividend Pay DateJun 22 202227 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1MD's dividend (4.47%) is higher than the bottom 25% of dividend payers in the German market (1.37%).

High Dividend: 1MD's dividend (4.47%) is in the top 25% of dividend payers in the German market (4.29%)


Stability and Growth of Payments

Stable Dividend: 1MD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1MD's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.6%), 1MD's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (29.7%), 1MD's dividend payments are well covered by cash flows.


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Godfrey Ngai (73 yo)

no data

Tenure

HK$3,817,000

Compensation

Mr. Shing Kin Ngai, also known as Godfrey, serves as the Chief Executive Officer at Modern Dental Group Limited and has been its Executive Director since July 05, 2012. Mr. Ngai is primarily responsible fo...


CEO Compensation Analysis

Compensation vs Market: Godfrey's total compensation ($USD486.24K) is below average for companies of similar size in the German market ($USD894.14K).

Compensation vs Earnings: Godfrey's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1MD's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: 1MD's board of directors are considered experienced (7.7 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Modern Dental Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Modern Dental Group Limited
  • Ticker: 1MD
  • Exchange: DB
  • Founded: 1986
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Implied Market Cap: HK$2.545b
  • Listing Market Cap: HK$311.520m
  • Shares outstanding: 956.94m
  • Website: https://www.moderndentalgp.com

Number of Employees


Location

  • Modern Dental Group Limited
  • CEO Tower
  • 17th Floor, Room 01-07, 09-16
  • Kowloon
  • Kowloon
  • Hong Kong

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
Earnings2021/12/31
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.