Modern Dental Group
Market Cap
HK$1.3b
Last Updated
2020/02/16 13:10 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.
Snowflake Analysis
Flawless balance sheet and good 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.4%
3600
1.1%
HK Medical Equipment
1.7%
HK Market
1 Year Return
-1.4%
3600
45.7%
HK Medical Equipment
-2.9%
HK Market
Return vs Industry: 3600 underperformed the Hong Kong Medical Equipment industry which returned 45.7% over the past year.
Return vs Market: 3600 exceeded the Hong Kong Market which returned -2.9% over the past year.
Shareholder returns
| 3600 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 1.1% | 1.7% |
| 30 Day | -6.7% | 1.0% | -4.2% |
| 90 Day | -15.2% | 14.9% | 4.6% |
| 1 Year | 1.9%-1.4% | 47.2%45.7% | 0.7%-2.9% |
| 3 Year | -56.7%-59.4% | 49.9%45.0% | 15.3%3.6% |
| 5 Year | n/a | 52.0%43.8% | 15.9%-3.5% |
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 week ago | Simply Wall St
Here's How P/E Ratios Can Help Us Understand Modern Dental Group Limited (HKG:3600)3 weeks ago | Simply Wall St
Does Modern Dental Group (HKG:3600) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is Modern Dental Group Limited's (HKG:3600) CEO Being Overpaid?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$1.4) is trading below our estimate of fair value (HK$3.18)
Significantly Below Fair Value: 3600 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3600 is good value based on its PE Ratio (13x) compared to the Medical Equipment industry average (18.5x).
PE vs Market: 3600 is poor value based on its PE Ratio (13x) compared to the Hong Kong market (10.1x).
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 (2.6x).
Next Steps
Future Growth
How is Modern Dental Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
27.2%
Forecasted Healthcare 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 Modern Dental Group 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
- Examine whether Modern Dental Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Modern Dental Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Healthcare industry.
Past Performance
How has Modern Dental Group performed over the past 5 years?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3600 has high quality earnings.
Growing Profit Margin: 3600's current net profit margins (4.6%) are lower than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: 3600's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: 3600's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3600 had negative earnings growth (-21.9%) over the past year, making it difficult to compare to the Medical Equipment industry average (43.4%).
Return on Equity
High ROE: 3600's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Modern Dental Group's financial position?
Financial Position Analysis
Short Term Liabilities: 3600's short term assets (HK$976.9M) exceed its short term liabilities (HK$439.1M).
Long Term Liabilities: 3600's short term assets (HK$976.9M) exceed its long term liabilities (HK$869.1M).
Debt to Equity History and Analysis
Debt Level: 3600's debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 3600's debt to equity ratio has reduced from 110.9% to 39.6% over the past 5 years.
Debt Coverage: 3600's debt is well covered by operating cash flow (33.6%).
Interest Coverage: 3600's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Inventory Level: 3600 has a high level of physical assets or inventory.
Debt Coverage by Assets: 3600's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Modern Dental Group's current dividend yield, its reliability and sustainability?
3.21%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 3600's dividend (3.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 3600's dividend (3.21%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
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 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.7%), 3600's dividend payments are 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
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Godfrey Ngai (71yo)
HK$4,214,000
Compensation
Mr. Shing Kin Ngai, also known as Godfrey, serves as the Chief Executive Officer at Modern Dental Group Limited and has been its Executive Director since July 05, 2012. Mr. Ngai is primarily responsible fo ...
CEO Compensation Analysis
Compensation vs Market: Godfrey's total compensation ($USD542.55K) is above average for companies of similar size in the Hong Kong market ($USD284.67K).
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 | 4.7yrs | HK$2.12m | 0.048% HK$652.4k | |
| CEO & Executive Director | 0yrs | HK$4.21m | 10.19% HK$137.3m | |
| COO & Executive Director | 5.4yrs | HK$2.47m | 6.56% HK$88.4m | |
| Chief Marketing Officer & Executive Director | 5.4yrs | HK$1.37m | no data | |
| Executive Director | 5.4yrs | HK$1.37m | no data | |
| Executive Director | 5.3yrs | HK$1.37m | no data | |
| Chief Financial Officer and Company Secretary | 3.3yrs | no data | no data | |
| Chief Executive Officer of Modern Dental Europe BV | 0yrs | no data | no data | |
| President of Labocast SAS | 8.5yrs | no data | no data | |
| Chief Executive Officer of Modern Dental Pacific | 1.9yrs | no data | no data |
5.2yrs
Average Tenure
43yo
Average Age
Experienced Management: 3600's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 4.7yrs | HK$2.12m | 0.048% HK$652.4k | |
| CEO & Executive Director | 0yrs | HK$4.21m | 10.19% HK$137.3m | |
| COO & Executive Director | 5.4yrs | HK$2.47m | 6.56% HK$88.4m | |
| Chief Marketing Officer & Executive Director | 5.4yrs | HK$1.37m | no data | |
| Executive Director | 5.4yrs | HK$1.37m | no data | |
| Executive Director | 5.3yrs | HK$1.37m | no data | |
| Independent Non-Executive Director | 4.3yrs | HK$245.00k | no data | |
| Independent Non-Executive Director | 4.3yrs | HK$245.00k | no data | |
| Independent Non-Executive Director | 4.3yrs | HK$245.00k | no data | |
| Executive Vice Chairman | 4.7yrs | HK$2.12m | 0.36% HK$4.8m |
5.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: 3600's board of directors are considered experienced (5 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 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$1.347b
- Shares outstanding: 962.48m
- 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 three segments: Fixed Prosthetic Devices, Removable Prosthetic Devices, and Others. The Fixed Prosthetic Devices segment offers metal-ceramic crowns and bridges, metal crowns and bridges, metal-free crowns and bridges, and custom implant abutments devices. The Removable Prosthetic Devices segment provides removable dentures. The Others segment offers orthodontic devices, sports guards, anti-snoring devices, raw materials, and dental equipment, as well as Invisalign. This segment also provides services for educational events and seminars. The company sells its products to dentists, dental clinics, hospitals, distributors, and other customers under the Permadental & Semperdent, Elysee, Labocast, Modern Dental Laboratory, Yangzhijing, Southern Cross Dental, Andent, Gold & Ceramics, Precision Dental, Modern Dental USA, MicroDental, Sundance Dental, Quantum Dental, Labo Ocean Indien, and Digitek Dental brands. Modern Dental Group Limited was founded in 1986 and is based in Kowloon, Hong Kong. Modern Dental Group Limited is a subsidiary of Triera Holdings Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 13:10 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.