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Dawnrays Pharmaceutical (Holdings)

Market Cap

HK$2.3b

Last Updated

2021/05/07 10:12 UTC

Data Sources

Company Financials

Executive Summary

Dawnrays Pharmaceutical (Holdings) Limited, an investment holding company, develops, manufactures, and sells non-patented pharmaceutical medicines in Mainland China and internationally. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Dawnrays Pharmaceutical (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2348 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2348's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.1%

2348

-5.4%

HK Pharmaceuticals

-0.7%

HK Market


1 Year Return

36.3%

2348

16.8%

HK Pharmaceuticals

25.7%

HK Market

Return vs Industry: 2348 exceeded the Hong Kong Pharmaceuticals industry which returned 18.5% over the past year.

Return vs Market: 2348 exceeded the Hong Kong Market which returned 27.5% over the past year.


Shareholder returns

2348IndustryMarket
7 Day-3.1%-5.4%-0.7%
30 Day4.8%-2.1%-1.6%
90 Day19.4%-2.0%-2.9%
1 Year44.6%36.3%18.5%16.8%30.6%25.7%
3 Year-15.4%-29.7%-17.7%-22.2%3.5%-7.5%
5 Year-37.4%-50.8%90.2%72.4%62.2%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Dawnrays Pharmaceutical (Holdings)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dawnrays Pharmaceutical (Holdings) 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: 2348 (HK$1.54) is trading below our estimate of fair value (HK$3.94)

Significantly Below Fair Value: 2348 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2348 is good value based on its PE Ratio (7.4x) compared to the HK Pharmaceuticals industry average (12.3x).

PE vs Market: 2348 is good value based on its PE Ratio (7.4x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2348's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2348 is good value based on its PB Ratio (0.9x) compared to the HK Pharmaceuticals industry average (1.3x).


Future Growth

How is Dawnrays Pharmaceutical (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted Pharmaceuticals & Biotech 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 Dawnrays Pharmaceutical (Holdings) 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.


Past Performance

How has Dawnrays Pharmaceutical (Holdings) performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2348 has high quality earnings.

Growing Profit Margin: 2348's current net profit margins (26.2%) are lower than last year (26.9%).


Past Earnings Growth Analysis

Earnings Trend: 2348's earnings have declined by 2.3% per year over the past 5 years.

Accelerating Growth: 2348's earnings growth over the past year (5%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: 2348 earnings growth over the past year (5%) exceeded the Pharmaceuticals industry 3.9%.


Return on Equity

High ROE: 2348's Return on Equity (12.1%) is considered low.


Financial Health

How is Dawnrays Pharmaceutical (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2348's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥479.9M).

Long Term Liabilities: 2348's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥240.2M).


Debt to Equity History and Analysis

Debt Level: 2348 is debt free.

Reducing Debt: 2348 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.

Debt Coverage: 2348 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2348 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Dawnrays Pharmaceutical (Holdings) current dividend yield, its reliability and sustainability?

4.22%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 08 2021Ex Dividend DateJun 01 2021Dividend Pay DateJun 16 202115 days from Ex DividendBuy in the next 24 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2348's dividend (4.22%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).

High Dividend: 2348's dividend (4.22%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.01%).


Stability and Growth of Payments

Stable Dividend: 2348's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2348's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.5%), 2348'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

  • Explore strong dividend paying companies in the Pharmaceuticals & Biotech industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

15.7yrs

Average management tenure


CEO

Shaojun Chen (42 yo)

5.08yrs

Tenure

CN¥5,883,000

Compensation

Mr. Shaojun Chen has been the Chief Executive Officer at Dawnrays Pharmaceutical Holdings Ltd. since April 18, 2016 and Executive Director since January 8, 2018. Mr. Chen has long specialized in sales prom...


CEO Compensation Analysis

Compensation vs Market: Shaojun's total compensation ($USD910.26K) is above average for companies of similar size in the Hong Kong market ($USD292.01K).

Compensation vs Earnings: Shaojun's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 2348's management team is seasoned and experienced (15.7 years average tenure).


Board Members

Experienced Board: 2348's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 2348 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

Dawnrays Pharmaceutical (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dawnrays Pharmaceutical (Holdings) Limited
  • Ticker: 2348
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: HK$2.289b
  • Shares outstanding: 1.50b
  • Website: https://www.dawnrays.com

Number of Employees


Location

  • Dawnrays Pharmaceutical (Holdings) Limited
  • CNT Tower
  • Units 3001-02
  • Wan Chai
  • Hong Kong

Listings


Biography

Dawnrays Pharmaceutical (Holdings) Limited, an investment holding company, develops, manufactures, and sells non-patented pharmaceutical medicines in Mainland China and internationally. The company operate...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 10:12
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.