SEHK:1830

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with solid 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

Stable Share Price: 1830 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

12.9%

1830

-3.8%

HK Consumer Services

1.2%

HK Market


1 Year Return

7.6%

1830

19.2%

HK Consumer Services

2.3%

HK Market

Return vs Industry: 1830 underperformed the Hong Kong Consumer Services industry which returned 19.2% over the past year.

Return vs Market: 1830 exceeded the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

1830IndustryMarket
7 Day12.9%-3.8%1.2%
30 Day32.0%-8.0%6.1%
90 Day-1.3%-10.2%3.1%
1 Year21.7%7.6%21.5%19.2%6.6%2.3%
3 Year311.2%182.9%-9.7%-15.0%-4.7%-15.1%
5 Year293.4%103.4%11.2%2.0%19.1%-1.1%

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

Below Fair Value: 1830 (HK$2.97) is trading below our estimate of fair value (HK$13.39)

Significantly Below Fair Value: 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 (9.2x) compared to the HK Consumer Services industry average (17.5x).

PE vs Market: 1830 is good value based on its PE Ratio (9.2x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

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?

25.5%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Perfect Shape Medical has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1830 has high quality earnings.

Growing Profit Margin: 1830's current net profit margins (29%) are higher than last year (26.7%).


Past Earnings Growth Analysis

Earnings Trend: 1830's earnings have grown significantly by 29.4% per year over the past 5 years.

Accelerating Growth: 1830's earnings growth over the past year (12.7%) is below its 5-year average (29.4% per year).

Earnings vs Industry: 1830 earnings growth over the past year (12.7%) exceeded the Consumer Services industry 6.9%.


Return on Equity

High ROE: 1830's Return on Equity (53%) is considered outstanding.


Next Steps

Financial Health

How is Perfect Shape Medical's financial position?


Financial Position Analysis

Short Term Liabilities: 1830's short term assets (HK$787.9M) exceed its short term liabilities (HK$383.4M).

Long Term Liabilities: 1830's short term assets (HK$787.9M) exceed its long term liabilities (HK$236.8M).


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


Next Steps

Dividend

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

11.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1830's dividend (11.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 1830's dividend (11.45%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)


Stability and Growth of Payments

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 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.9%), 1830's payments are 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

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

9.2yrs

Average board tenure


CEO

Kong Au-Yeung (48 yo)

9.58yrs

Tenure

HK$17,494,000

Compensation

Dr. Kong Au-Yeung founded Perfect Shape Medical Limited (formerly known as Perfect Shape Beauty Technology Limited) in 2003 and has been its Chief Executive Officer and Chairman since March 11, 2011. Dr. A ...


Board Members

NamePositionTenureCompensationOwnership
Kong Au-Yeung
Founder9.58yrsHK$17.49m41.65%
HK$ 1.5b
Wai Au-Yeung
COO & Executive Director9.58yrsHK$3.61m16.72%
HK$ 607.6m
Hung Au-Yeung
Executive Director9.58yrsHK$3.61m14.33%
HK$ 521.0m
Chi Hung Chi
Independent Non Executive Director8.83yrsHK$180.00kno data
Wai Man Hsu
Independent Non Executive Director8.83yrsHK$180.00kno data
Yi Ping Cho
Independent Non-Executive Director5.17yrsHK$180.00kno data

9.2yrs

Average Tenure

50yo

Average Age

Experienced Board: 1830's board of directors are considered experienced (9.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

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$3.635b
  • Shares outstanding: 1.22b
  • Website: https://www.psmedical.com.hk

Number of Employees


Location

  • Perfect Shape Medical Limited
  • Langham Place Office Tower
  • 51st 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, Macau, and Australia. It also sells slimming and beauty products ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:48
End of Day Share Price2020/10/23 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.