SEHK:853

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MicroPort Scientific

Executive Summary

MicroPort Scientific Corporation, an investment holding company, manufactures and markets medical devices in the People’s Republic of China, North America, Europe, other Asian countries, South America, and internationally. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has MicroPort Scientific's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 853 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: 853's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

15.4%

853

10.9%

HK Medical Equipment

3.5%

HK Market


1 Year Return

551.3%

853

113.9%

HK Medical Equipment

15.1%

HK Market

Return vs Industry: 853 exceeded the Hong Kong Medical Equipment industry which returned 113.7% over the past year.

Return vs Market: 853 exceeded the Hong Kong Market which returned 17.5% over the past year.


Shareholder returns

853IndustryMarket
7 Day15.4%10.9%3.5%
30 Day42.8%12.5%12.7%
90 Day98.1%20.7%18.1%
1 Year552.6%551.3%117.3%113.9%19.7%15.1%
3 Year607.3%600.4%223.3%207.7%-5.1%-15.1%
5 Year1,520.5%1,499.7%353.3%314.9%65.1%37.0%

Long-Term Price Volatility Vs. Market

How volatile is MicroPort Scientific's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MicroPort Scientific undervalued compared to its fair value and its price relative to the market?

20.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 853 (HK$58.55) is trading above our estimate of fair value (HK$22.92)

Significantly Below Fair Value: 853 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 853 is unprofitable, so we can't compare its PE Ratio to the HK Medical Equipment industry average.

PE vs Market: 853 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 853's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 853 is overvalued based on its PB Ratio (20.2x) compared to the HK Medical Equipment industry average (3.9x).


Next Steps

Future Growth

How is MicroPort Scientific forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

47.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 853 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 853 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 853's is expected to become profitable in the next 3 years.

Revenue vs Market: 853's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (14.4% per year).

High Growth Revenue: 853's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 853's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has MicroPort Scientific performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 853 is currently unprofitable.

Growing Profit Margin: 853 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 853 is unprofitable, but has reduced losses over the past 5 years at a rate of 23.3% per year.

Accelerating Growth: Unable to compare 853's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 853 is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (17.7%).


Return on Equity

High ROE: 853 has a negative Return on Equity (-12.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is MicroPort Scientific's financial position?


Financial Position Analysis

Short Term Liabilities: 853's short term assets ($928.2M) exceed its short term liabilities ($348.3M).

Long Term Liabilities: 853's short term assets ($928.2M) exceed its long term liabilities ($673.2M).


Debt to Equity History and Analysis

Debt Level: 853's debt to equity ratio (46.1%) is considered high.

Reducing Debt: 853's debt to equity ratio has reduced from 91.9% to 46.1% over the past 5 years.

Debt Coverage: 853's debt is not well covered by operating cash flow (6.6%).

Interest Coverage: Insufficient data to determine if 853's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is MicroPort Scientific current dividend yield, its reliability and sustainability?

0.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 853's dividend (0.09%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.06%).

High Dividend: 853's dividend (0.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.48%).


Stability and Growth of Payments

Stable Dividend: 853 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 853 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 853 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 853'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?

7.2yrs

Average management tenure


CEO

Maxwell Chang (57 yo)

8.33yrs

Tenure

US$3,626,000

Compensation

Dr. Zhaohua Chang, also known as Maxwell, serves as the Chief Executive Officer Shanghai MicroPort Medical (Group) Co., Ltd. He serves as the Chairman of MicroPort Scientific Corporation. He serves as Chai...


CEO Compensation Analysis

Compensation vs Market: Maxwell's total compensation ($USD3.63M) is above average for companies of similar size in the Hong Kong market ($USD764.23K).

Compensation vs Earnings: Maxwell's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Zhaohua Chang
Founder8.33yrsUS$3.63mno data
Hongbin Sun
Chief Financial Officer10.5yrsUS$426.74kno data
Glendy Wang
Chief Operating Officerno datano datano data
Qiyi Luo
Chief Technology Officerno dataUS$311.71kno data
Junder Chiang
Chief Human Resources Officer6.08yrsno datano data
Jonathan H. Chen
Chief International Business Officerno datano datano data
Yan Zhang
President of MP Shanghaino dataUS$412.46kno data
He Li
Board Secretary & VP of Corporate General Affairsno datano datano data
Wing Yan Yuen
Company Secretary1yrno datano data
Kongrong Pan
Senior Vice President of Supply Chain of Mp Shanghaino datano datano data

7.2yrs

Average Tenure

55yo

Average Age

Experienced Management: 853's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhaohua Chang
Founder8.33yrsUS$3.63mno data
Norihiro Ashida
Non-Executive Director14.17yrsno datano data
Jonathan H. Chou
Independent Non-Executive Director10.33yrsUS$12.00kno data
Guoen Liu
Independent Non-Executive Director10.33yrsUS$38.00kno data
Chunyang Shao
Independent Non-Executive Director4.33yrsUS$38.00kno data
Hongliang Yu
Non-Executive Director2.58yrsno datano data
Yasuhisa Kurogi
Non-Executive Director0.58yrno datano data

7.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 853's board of directors are considered experienced (7.3 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 been diluted in the past year, with total shares outstanding growing by 10.4%.


Top Shareholders

Company Information

MicroPort Scientific Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MicroPort Scientific Corporation
  • Ticker: 853
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Health Care Equipment
  • Sector: Healthcare
  • Market Cap: HK$104.449b
  • Shares outstanding: 1.78b
  • Website: https://www.microport.com

Number of Employees


Location

  • MicroPort Scientific Corporation
  • 1601 Zhangdong Road
  • Zhangjiang Hi-Tech Park
  • Shanghai
  • 201203
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
853SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 2010
MSKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2010
MCRP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2010
853SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 2010
853SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDSep 2010

Biography

MicroPort Scientific Corporation, an investment holding company, manufactures and markets medical devices in the People’s Republic of China, North America, Europe, other Asian countries, South America, and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 10:14
End of Day Share Price2021/01/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.