MicroPort NeuroScientific Valuation
Is 2172 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-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of 2172 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2172 (HK$9.16) is trading below our estimate of fair value (HK$18.42)
Significantly Below Fair Value: 2172 is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2172?
Key metric: As 2172 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 2172's PE Ratio? | |
|---|---|
| PE Ratio | 21.9x |
| Earnings | CN¥225.01m |
| Market Cap | CN¥4.94b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5x |
| Enterprise Value/EBITDA | 11.5x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does 2172's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 23.8x | ||
1789 AK Medical Holdings | 27.6x | 29.1% | HK$5.6b |
2291 LEPU ScienTech Medical Technology (Shanghai) | 24.9x | n/a | HK$5.8b |
1858 Beijing Chunlizhengda Medical Instruments | 18x | 29.6% | HK$5.0b |
1302 LifeTech Scientific | 24.8x | 29.5% | HK$6.6b |
2172 MicroPort NeuroScientific | 21.9x | 22.5% | HK$5.3b |
Price-To-Earnings vs Peers: 2172 is good value based on its Price-To-Earnings Ratio (21.9x) compared to the peer average (23.8x).
Price to Earnings Ratio vs Industry
How does 2172's PE Ratio compare vs other companies in the HK Medical Equipment Industry?
| 1 Company | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
2393 Yestar Healthcare Holdings | 0.1x | n/a | US$20.67m |
| 1 Company | Estimated Growth | Market Cap |
|---|
Price-To-Earnings vs Industry: 2172 is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the Hong Kong Medical Equipment industry average (15.3x).
Price to Earnings Ratio vs Fair Ratio
What is 2172'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 | 21.9x |
| Fair PE Ratio | 16.2x |
Price-To-Earnings vs Fair Ratio: 2172 is expensive based on its Price-To-Earnings Ratio (21.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.2x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
Discover undervalued companies
Sinopharm Group
HK$62.6b
Engages in the wholesale and retail of pharmaceutical and medical devices and healthcare products in the People’s Republic of China.
1099
HK$20.05
7D
-0.7%
1Y
0.3%
OrbusNeich Medical Group Holdings
HK$3.4b
An investment holding company, researches, develops, manufactures, trades in, sells, and markets medical devices/instruments used for the treatment of coronary and peripheral vascular diseases in Japan, Europe, the Middle East, Africa, the Asia Pacific, the People’s Republic of China, and the United States.
6929
HK$4.10
7D
-5.7%
1Y
-48.6%
Sisram Medical
HK$1.5b
Engages in the research, design, development, manufacture, and sales of medical aesthetics and dental equipment, home use devices, injectables, and cosmeceuticals products in the Asia Pacific, Europe, North America, Latin America, the Middle East, and Africa.
1696
HK$3.17
7D
-5.1%
1Y
-47.2%