Angelalign Technology Valuation
Is 6699 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 6699 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6699 (HK$60.9) is trading below our estimate of fair value (HK$62.19)
Significantly Below Fair Value: 6699 is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6699?
Key metric: As 6699 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is 6699's PS Ratio? | |
|---|---|
| PS Ratio | 5.6x |
| Sales | CN¥1.72b |
| Market Cap | CN¥9.98b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.1x |
| Enterprise Value/EBITDA | 98.3x |
| PEG Ratio | 3.4x |
Price to Sales Ratio vs Peers
How does 6699's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.2x | ||
853 MicroPort Scientific | 1.4x | 15.3% | HK$11.5b |
1302 LifeTech Scientific | 5x | 21.5% | HK$7.0b |
1789 AK Medical Holdings | 4.8x | 24.9% | HK$5.7b |
2291 LEPU ScienTech Medical Technology (Shanghai) | 13.6x | n/a | HK$6.1b |
6699 Angelalign Technology | 5.6x | 15.3% | HK$10.7b |
Price-To-Sales vs Peers: 6699 is good value based on its Price-To-Sales Ratio (5.6x) compared to the peer average (6.2x).
Price to Sales Ratio vs Industry
How does 6699's PS Ratio compare vs other companies in the HK Medical Equipment Industry?
| 5 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
1763 China Isotope & Radiation | 0.5x | n/a | US$456.21m |
1120 Arts Optical International Holdings | 0.3x | n/a | US$41.19m |
1612 Vincent Medical Holdings | 0.4x | 18.0% | US$34.42m |
2393 Yestar Healthcare Holdings | 0.05x | n/a | US$21.27m |
| 5 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: 6699 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the Hong Kong Medical Equipment industry average (3.2x).
Price to Sales Ratio vs Fair Ratio
What is 6699's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 5.6x |
| Fair PS Ratio | 3.3x |
Price-To-Sales vs Fair Ratio: 6699 is expensive based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | HK$60.90 | HK$83.52 +37.1% | 13.1% | HK$103.50 | HK$64.14 | n/a | 10 |
| Nov ’25 | HK$62.10 | HK$83.52 +34.5% | 13.1% | HK$103.50 | HK$64.14 | n/a | 10 |
| Oct ’25 | HK$75.50 | HK$83.52 +10.6% | 13.1% | HK$103.50 | HK$64.14 | n/a | 10 |
| Sep ’25 | HK$54.85 | HK$83.16 +51.6% | 13.1% | HK$103.50 | HK$64.14 | n/a | 10 |
| Aug ’25 | HK$52.55 | HK$84.39 +60.6% | 12.2% | HK$103.50 | HK$64.14 | n/a | 10 |
| Jul ’25 | HK$56.75 | HK$84.57 +49.0% | 12.3% | HK$103.50 | HK$62.84 | n/a | 10 |
| Jun ’25 | HK$61.25 | HK$84.59 +38.1% | 12.3% | HK$103.50 | HK$62.84 | n/a | 10 |
| May ’25 | HK$79.00 | HK$84.13 +6.5% | 12.3% | HK$103.50 | HK$62.84 | n/a | 10 |
| Apr ’25 | HK$75.20 | HK$82.13 +9.2% | 13.7% | HK$103.50 | HK$62.84 | n/a | 10 |
| Mar ’25 | HK$66.35 | HK$77.77 +17.2% | 19.2% | HK$103.50 | HK$61.36 | n/a | 9 |
| Feb ’25 | HK$53.95 | HK$77.19 +43.1% | 19.8% | HK$103.50 | HK$61.36 | n/a | 9 |
| Jan ’25 | HK$56.55 | HK$83.35 +47.4% | 26.1% | HK$127.09 | HK$60.03 | n/a | 9 |
| Dec ’24 | HK$59.15 | HK$83.35 +40.9% | 26.1% | HK$127.09 | HK$60.03 | n/a | 9 |
| Nov ’24 | HK$51.85 | HK$84.02 +62.0% | 25.8% | HK$127.09 | HK$60.03 | HK$62.10 | 9 |
| Oct ’24 | HK$48.65 | HK$88.10 +81.1% | 27.2% | HK$127.09 | HK$60.03 | HK$75.50 | 10 |
| Sep ’24 | HK$52.30 | HK$104.80 +100.4% | 19.9% | HK$129.00 | HK$61.39 | HK$54.85 | 10 |
| Aug ’24 | HK$77.35 | HK$132.13 +70.8% | 15.9% | HK$178.00 | HK$108.00 | HK$52.55 | 9 |
| Jul ’24 | HK$73.05 | HK$133.91 +83.3% | 14.6% | HK$178.00 | HK$112.00 | HK$56.75 | 9 |
| Jun ’24 | HK$72.50 | HK$130.91 +80.6% | 15.7% | HK$178.00 | HK$104.00 | HK$61.25 | 10 |
| May ’24 | HK$97.95 | HK$129.26 +32.0% | 17.8% | HK$178.00 | HK$91.52 | HK$79.00 | 10 |
| Apr ’24 | HK$116.70 | HK$129.25 +10.8% | 18.9% | HK$178.00 | HK$91.12 | HK$75.20 | 9 |
| Mar ’24 | HK$113.50 | HK$136.05 +19.9% | 22.1% | HK$178.00 | HK$91.12 | HK$66.35 | 8 |
| Feb ’24 | HK$113.40 | HK$134.33 +18.5% | 23.1% | HK$178.00 | HK$91.12 | HK$53.95 | 8 |
| Jan ’24 | HK$123.00 | HK$143.46 +16.6% | 26.8% | HK$224.00 | HK$91.12 | HK$56.55 | 10 |
| Dec ’23 | HK$106.20 | HK$143.25 +34.9% | 27.0% | HK$224.00 | HK$89.02 | HK$59.15 | 10 |
| Nov ’23 | HK$77.20 | HK$143.98 +86.5% | 26.2% | HK$224.00 | HK$96.37 | HK$51.85 | 10 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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