Modern Dental Group
Market Cap
HK$1.3b
Last Updated
2021/01/16 10:22 UTC
Data Sources
Company Financials +
Executive Summary
Modern Dental Group Limited, an investment holding company, produces and distributes dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has Modern Dental Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3600 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3600's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.2%
3600
-7.5%
HK Medical Equipment
2.2%
HK Market
1 Year Return
-9.3%
3600
86.1%
HK Medical Equipment
7.2%
HK Market
Return vs Industry: 3600 underperformed the Hong Kong Medical Equipment industry which returned 85.7% over the past year.
Return vs Market: 3600 underperformed the Hong Kong Market which returned 7.5% over the past year.
Shareholder returns
| 3600 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.2% | -7.5% | 2.2% |
| 30 Day | -3.5% | 2.0% | 8.4% |
| 90 Day | 3.0% | -0.3% | 15.6% |
| 1 Year | -7.9%-9.3% | 89.1%86.1% | 11.4%7.2% |
| 3 Year | -43.9%-47.7% | 182.4%168.8% | -3.4%-13.5% |
| 5 Year | -51.9%-56.0% | 316.1%281.8% | 65.4%37.4% |
Long-Term Price Volatility Vs. Market
How volatile is Modern Dental Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Type Of Returns Would Modern Dental Group's(HKG:3600) Shareholders Have Earned If They Purchased Their SharesFive Years Ago?1 month ago | Simply Wall St
What Can We Conclude About Modern Dental Group's (HKG:3600) CEO Pay?2 months ago | Simply Wall St
What Do The Returns On Capital At Modern Dental Group (HKG:3600) Tell Us?Valuation
Is Modern Dental Group 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: 3600 (HK$1.36) is trading below our estimate of fair value (HK$4.68)
Significantly Below Fair Value: 3600 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3600 is unprofitable, so we can't compare its PE Ratio to the HK Medical Equipment industry average.
PE vs Market: 3600 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3600's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3600 is good value based on its PB Ratio (0.7x) compared to the HK Medical Equipment industry average (3.9x).
Next Steps
Future Growth
How is Modern Dental Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
24.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3600 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 3600 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 3600's is expected to become profitable in the next 3 years.
Revenue vs Market: 3600's revenue (7.6% per year) is forecast to grow slower than the Hong Kong market (14.1% per year).
High Growth Revenue: 3600's revenue (7.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3600's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Modern Dental Group performed over the past 5 years?
-5.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3600 is currently unprofitable.
Growing Profit Margin: 3600 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 3600 is unprofitable, and losses have increased over the past 5 years at a rate of 5.1% per year.
Accelerating Growth: Unable to compare 3600's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 3600 is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (17.7%).
Return on Equity
High ROE: 3600 has a negative Return on Equity (-3.6%), as it is currently unprofitable.
Next Steps
Financial Health
How is Modern Dental Group's financial position?
Financial Position Analysis
Short Term Liabilities: 3600's short term assets (HK$985.2M) exceed its short term liabilities (HK$446.3M).
Long Term Liabilities: 3600's short term assets (HK$985.2M) exceed its long term liabilities (HK$828.4M).
Debt to Equity History and Analysis
Debt Level: 3600's debt to equity ratio (44.9%) is considered high.
Reducing Debt: 3600's debt to equity ratio has reduced from 208.1% to 44.9% over the past 5 years.
Debt Coverage: 3600's debt is well covered by operating cash flow (37.7%).
Interest Coverage: 3600 is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Modern Dental Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 3600's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 3600's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 3600's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3600's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 3600 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 3600's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Godfrey Ngai (72 yo)
no data
Tenure
HK$3,742,000
Compensation
Mr. Shing Kin Ngai, also known as Godfrey, serves as the Chief Executive Officer at Modern Dental Group Limited and has been its Executive Director since July 05, 2012. Mr. Ngai is primarily responsible fo...
CEO Compensation Analysis
Compensation vs Market: Godfrey's total compensation ($USD482.62K) is above average for companies of similar size in the Hong Kong market ($USD305.97K).
Compensation vs Earnings: Godfrey's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.58yrs | HK$2.23m | 0.049% HK$ 633.7k | |
| CEO & Executive Director | no data | HK$3.74m | 10.21% HK$ 133.3m | |
| COO & Executive Director | 6.33yrs | HK$2.59m | 6.58% HK$ 85.8m | |
| Chief Marketing Officer & Executive Director | 6.33yrs | HK$1.73m | no data | |
| Executive Director | 6.33yrs | HK$1.73m | no data | |
| Executive Director | 6.25yrs | HK$1.82m | no data | |
| CFO & Company Secretary | 4.25yrs | no data | no data | |
| Chief Executive Officer of Modern Dental Europe BV | no data | no data | no data | |
| President of Labocast SAS | 9.42yrs | no data | no data | |
| Chief Executive Officer of Modern Dental Pacific | 2.83yrs | no data | no data | |
| CEO of MicroDental Laboratories | no data | no data | no data |
6.1yrs
Average Tenure
45yo
Average Age
Experienced Management: 3600's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.58yrs | HK$2.23m | 0.049% HK$ 633.7k | |
| CEO & Executive Director | no data | HK$3.74m | 10.21% HK$ 133.3m | |
| COO & Executive Director | 6.33yrs | HK$2.59m | 6.58% HK$ 85.8m | |
| Chief Marketing Officer & Executive Director | 6.33yrs | HK$1.73m | no data | |
| Executive Director | 6.33yrs | HK$1.73m | no data | |
| Executive Director | 6.25yrs | HK$1.82m | no data | |
| Independent Non-Executive Director | 5.17yrs | HK$257.00k | no data | |
| Independent Non-Executive Director | 5.17yrs | HK$257.00k | no data | |
| Independent Non-Executive Director | 5.17yrs | HK$257.00k | no data | |
| Executive Vice Chairman | 5.58yrs | HK$2.23m | 0.36% HK$ 4.7m | |
| Independent Non-Executive Director | 5.17yrs | HK$257.00k | no data |
5.6yrs
Average Tenure
66yo
Average Age
Experienced Board: 3600's board of directors are considered experienced (5.6 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Modern Dental Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Modern Dental Group Limited
- Ticker: 3600
- Exchange: SEHK
- Founded: 1986
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: HK$1.305b
- Shares outstanding: 959.73m
- Website: https://www.moderndentalgp.com
Number of Employees
Location
- Modern Dental Group Limited
- CEO Tower
- 17th Floor, Units 1708-16
- Kowloon
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3600 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2015 |
| 1MD | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2015 |
Biography
Modern Dental Group Limited, an investment holding company, produces and distributes dental prosthetic devices in Europe, Greater China, North America, Australia, and internationally. It operates through t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 10:22 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.