| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 5/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
3600 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
| Historical stock prices | |
|---|---|
| Current Share Price | HK$3.16 |
| 52 Week High | HK$11.00 |
| 52 Week Low | HK$2.45 |
| Beta | 1.31 |
| 1 Month Change | 0% |
| 3 Month Change | 5.33% |
| 1 Year Change | -56.59% |
| 3 Year Change | 143.08% |
| 5 Year Change | 3.27% |
| Change since IPO | -24.76% |
Recent News & Updates
Is Now The Time To Put Modern Dental Group (HKG:3600) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Is There Now An Opportunity In Modern Dental Group Limited (HKG:3600)?
While Modern Dental Group Limited ( HKG:3600 ) might not be the most widely known stock at the moment, it saw a...
We Like These Underlying Return On Capital Trends At Modern Dental Group (HKG:3600)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
Modern Dental Group's (HKG:3600) Dividend Is Being Reduced To HK$0.044
Modern Dental Group Limited ( HKG:3600 ) is reducing its dividend to HK$0.044 on the 22nd of June. However, the...
Shareholder Returns
| 3600 | HK Medical Equipment | HK Market | |
|---|---|---|---|
| 7D | -5.7% | 0.2% | 1.1% |
| 1Y | -56.6% | -59.5% | -20.9% |
Return vs Industry: 3600 exceeded the Hong Kong Medical Equipment industry which returned -59.5% over the past year.
Return vs Market: 3600 underperformed the Hong Kong Market which returned -20.9% over the past year.
Price Volatility
| 3600 volatility | |
|---|---|
| 3600 Average Weekly Movement | 9.6% |
| Medical Equipment Industry Average Movement | 9.1% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in HK Market | 13.7% |
| 10% least volatile stocks in HK Market | 3.3% |
Stable Share Price: 3600 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 3600's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 6,596 | Godfrey Ngai | https://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
| 3600 fundamental statistics | |
|---|---|
| Market Cap | HK$3.02b |
| Earnings (TTM) | HK$360.83m |
| Revenue (TTM) | HK$2.96b |
8.4x
P/E Ratio1.0x
P/S RatioIs 3600 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3600 income statement (TTM) | |
|---|---|
| Revenue | HK$2.96b |
| Cost of Revenue | HK$1.40b |
| Gross Profit | HK$1.55b |
| Other Expenses | HK$1.19b |
| Earnings | HK$360.83m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.38 |
| Gross Margin | 52.47% |
| Net Profit Margin | 12.21% |
| Debt/Equity Ratio | 28.5% |
How did 3600 perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield32%
Payout RatioValuation
Is 3600 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3600?
Other financial metrics that can be useful for relative valuation.
| What is 3600's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | HK$3.02b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.1x |
| Enterprise Value/EBITDA | 5.5x |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does 3600's PE Ratio compare to its peers?
| 3600 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.2x | ||
1789 AK Medical Holdings | 60.5x | 39.1% | HK$6.6b |
1696 Sisram Medical | 25.6x | 22.3% | HK$6.3b |
1858 Beijing Chunlizhengda Medical Instruments | 13.5x | n/a | HK$8.0b |
1358 PW Medtech Group | 1.4x | n/a | HK$1.2b |
3600 Modern Dental Group | 8.4x | 20.4% | HK$3.0b |
Price-To-Earnings vs Peers: 3600 is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (25.2x).
Price to Earnings Ratio vs Industry
How does 3600's PE Ratio compare vs other companies in the Asian Medical Equipment Industry?
Price-To-Earnings vs Industry: 3600 is good value based on its Price-To-Earnings Ratio (8.4x) compared to the Hong Kong Medical Equipment industry average (17x)
Price to Earnings Ratio vs Fair Ratio
What is 3600's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8.4x |
| Fair PE Ratio | 16.4x |
Price-To-Earnings vs Fair Ratio: 3600 is good value based on its Price-To-Earnings Ratio (8.4x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).
Share Price vs Fair Value
What is the Fair Price of 3600 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3600 (HK$3.16) is trading below our estimate of fair value (HK$20.75)
Significantly Below Fair Value: 3600 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 3600 is good value based on its PEG Ratio (0.4x)
Discover undervalued companies
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
5/6Future 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: 3600's forecast earnings growth (20.4% per year) is above the savings rate (1.6%).
Earnings vs Market: 3600's earnings (20.4% per year) are forecast to grow faster than the Hong Kong market (16.6% per year).
High Growth Earnings: 3600's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3600's revenue (14.6% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).
High Growth Revenue: 3600'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: 3600's Return on Equity is forecast to be high in 3 years time (29.4%)
Discover growth companies
Past Performance
How has Modern Dental Group 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
25.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3600 has high quality earnings.
Growing Profit Margin: 3600's current net profit margins (12.2%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: 3600's earnings have grown significantly by 25% per year over the past 5 years.
Accelerating Growth: 3600's earnings growth over the past year (234.8%) exceeds its 5-year average (25% per year).
Earnings vs Industry: 3600 earnings growth over the past year (234.8%) exceeded the Medical Equipment industry 35.4%.
Return on Equity
High ROE: 3600's Return on Equity (15.3%) is considered low.
Discover strong past performing companies
Financial Health
How is Modern Dental Group'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: 3600's short term assets (HK$1.4B) exceed its short term liabilities (HK$668.3M).
Long Term Liabilities: 3600's short term assets (HK$1.4B) exceed its long term liabilities (HK$630.4M).
Debt to Equity History and Analysis
Debt Level: 3600's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: 3600's debt to equity ratio has reduced from 33.9% to 28.5% over the past 5 years.
Debt Coverage: 3600's debt is well covered by operating cash flow (78%).
Interest Coverage: 3600's interest payments on its debt are well covered by EBIT (26x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Modern Dental Group current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3600's dividend (3.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.73%).
High Dividend: 3600's dividend (3.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.83%).
Stability and Growth of Payments
Stable Dividend: 3600 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3600'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%), 3600's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.7%), 3600's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Godfrey Ngai (74 yo)
no data
Tenure
HK$4,500,000
Compensation
Mr. Shing Kin Ngai, also known as Godfrey, serves as the Chief Executive Officer at Modern Dental Group Limited and has been its Executive Director since July 05, 2012. Mr. Ngai is primarily responsible fo...
CEO Compensation Analysis
Compensation vs Market: Godfrey's total compensation ($USD573.44K) is above average for companies of similar size in the Hong Kong market ($USD393.09K).
Compensation vs Earnings: Godfrey's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 3600's management team is seasoned and experienced (6.4 years average tenure).
Board Members
Experienced Board: 3600's board of directors are considered experienced (7.8 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: 3600
- Exchange: SEHK
- Founded: 1986
- Industry: Health Care Equipment
- Sector: Healthcare
- Implied Market Cap: HK$3.024b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/06/30 00:00 |
| Earnings | 2021/12/31 |
| 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.