SEHK:1830

Stock Analysis Report

Executive Summary

Perfect Shape Medical Limited, an investment holding company, provides slimming and technology beauty services in Hong Kong, Mainland China, and Macau.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record.

Share Price & News

How has Perfect Shape Medical's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

1830

3.7%

HK Consumer Services

2.4%

HK Market


1 Year Return

27.6%

1830

4.7%

HK Consumer Services

0.4%

HK Market

Return vs Industry: 1830 exceeded the Hong Kong Consumer Services industry which returned 4.7% over the past year.

Return vs Market: 1830 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

1830IndustryMarket
7 Day-1.2%3.7%2.4%
30 Day-12.9%3.5%-2.6%
90 Day-33.9%5.1%-5.6%
1 Year44.3%27.6%6.8%4.7%4.0%0.4%
3 Year401.1%228.9%5.4%-0.04%15.1%3.5%
5 Year192.9%61.3%11.3%2.4%20.3%0.3%

Price Volatility Vs. Market

How volatile is Perfect Shape Medical's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Perfect Shape Medical undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1830 (HK$2.5) is trading below our estimate of fair value (HK$15.02)

Significantly Undervalued: 1830 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1830 is good value based on its PE Ratio (8.6x) compared to the Consumer Services industry average (17.5x).

PE vs Market: 1830 is good value based on its PE Ratio (8.6x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 1830's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1830 is overvalued based on its PB Ratio (4.9x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

How is Perfect Shape Medical forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-25.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1830's earnings are forecast to decline over the next 3 years (-25.8% per year).

Earnings vs Market: 1830's earnings are forecast to decline over the next 3 years (-25.8% per year).

High Growth Earnings: 1830's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if 1830's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1830's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 1830's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Perfect Shape Medical performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1830's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: 1830's earnings growth over the past year (64.3%) exceeds its 5-year average (22.1% per year).

Earnings vs Industry: 1830 earnings growth over the past year (64.3%) exceeded the Consumer Services industry 14.4%.


Return on Equity

High ROE: 1830's Return on Equity (56.9%) is considered outstanding.


Return on Assets

ROA vs Industry: 1830 has a higher Return on Assets than the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: 1830 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Perfect Shape Medical's financial position?


Financial Position Analysis

Short Term Liabilities: 1830's short term assets (HK$638.1M) exceeds its short term liabilities (HK$264.5M)

Long Term Liabilities: 1830's short term assets (638.1M) exceeds its long term liabilities (30.2M)


Debt to Equity History and Analysis

Debt Level: 1830 is debt free.

Reducing Debt: 1830 has not had any debt for past 5 years.

Debt Coverage: 1830 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1830 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1830 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1830's debt is covered by short term assets.


Next Steps

Dividend

What is Perfect Shape Medical's current dividend yield, its reliability and sustainability?

11.56%

Current Dividend Yield


Dividend Yield vs Market

company11.6%marketbottom25%2.3%markettop25%6.3%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1830's dividend (11.56%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1830's dividend (11.56%) is in the top 25% of dividend payers in the Hong Kong market (6.33%)

Stable Dividend: 1830 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1830's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (100%), 1830's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Perfect Shape Medical's salary, the management and board of directors tenure and is there insider trading?

8.2yrs

Average board tenure


CEO

Kong Au-Yeung (47yo)

8.6yrs

Tenure

HK$13,049,000

Compensation

Dr. Kong Au-Yeung founded Perfect Shape (PRC) Holdings Limited in 2003 and has been its Chief Executive Officer and Chairman since March 11, 2011. Dr. Au-Yeung is principally responsible for overall manage ...


Board Age and Tenure

8.2yrs

Average Tenure

49yo

Average Age

Experienced Board: 1830's board of directors are considered experienced (8.2 years average tenure).


Insider Trading

Insider Buying: 1830 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$2,106,48824 Sep 19
Kong Au-Yeung
EntityIndividual
Role
Chief Executive Officer
Founder
Shares744,000
Max PriceHK$2.83
BuyHK$723,48124 Sep 19
Kong Au-Yeung
EntityIndividual
Role
Chief Executive Officer
Founder
Shares256,000
Max PriceHK$2.83
BuyHK$95,04025 Jul 19
Kong Au-Yeung
EntityIndividual
Role
Chief Executive Officer
Founder
Shares24,000
Max PriceHK$3.96
BuyHK$9,074,00308 Jul 19
Kong Au-Yeung
EntityIndividual
Role
Chief Executive Officer
Founder
Shares2,792,000
Max PriceHK$3.25
BuyHK$10,746,79808 Jul 19
Kong Au-Yeung
EntityIndividual
Role
Chief Executive Officer
Founder
Shares3,208,000
Max PriceHK$3.35

Ownership Breakdown


Management Team

  • Kong Au-Yeung (47yo)

    Founder

    • Tenure: 8.6yrs
    • Compensation: HK$13.05m
  • Wai Au-Yeung (49yo)

    COO & Executive Director

    • Tenure: 8.6yrs
    • Compensation: HK$4.65m
  • Hung Au-Yeung (54yo)

    Executive Director

    • Tenure: 8.6yrs
    • Compensation: HK$4.65m
  • Hin Lung So (43yo)

    CFO & Company Secretary

    • Tenure: 0yrs

Board Members

  • Kenneth Chi (50yo)

    Independent Non Executive Director

    • Tenure: 7.8yrs
    • Compensation: HK$180.00k
  • Helen Hsu (49yo)

    Independent Non Executive Director

    • Tenure: 7.8yrs
    • Compensation: HK$180.00k
  • Kong Au-Yeung (47yo)

    Founder

    • Tenure: 8.6yrs
    • Compensation: HK$13.05m
  • Wai Au-Yeung (49yo)

    COO & Executive Director

    • Tenure: 8.6yrs
    • Compensation: HK$4.65m
  • Hung Au-Yeung (54yo)

    Executive Director

    • Tenure: 8.6yrs
    • Compensation: HK$4.65m
  • Yi Ping Cho (41yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: HK$180.00k

Company Information

Perfect Shape Medical Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Perfect Shape Medical Limited
  • Ticker: 1830
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$2.898b
  • Shares outstanding: 1.13b
  • Website: https://www.psmedical.com.hk

Number of Employees


Location

  • Perfect Shape Medical Limited
  • Langham Place Office Tower
  • 30th Floor
  • Mong Kok
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1830SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2012

Biography

Perfect Shape Medical Limited, an investment holding company, provides slimming and technology beauty services in Hong Kong, Mainland China, and Macau. It also sells slimming and beauty products, as well a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:50
End of Day Share Price2019/10/15 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.