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SHWG

Shandong Weigao Group Medical Polymer OTCPK:SHWG.Y Stock Report

Last Price

HK$3.96

Market Cap

HK$4.5b

7D

-1.0%

1Y

-55.2%

Updated

13 May, 2022

Data

Company Financials +
SHWG.Y fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends4/6

SHWG.Y Stock Overview

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of single-use medical devices in the People’s Republic of China.

Shandong Weigao Group Medical Polymer Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shandong Weigao Group Medical Polymer
Historical stock prices
Current Share PriceHK$3.96
52 Week HighHK$9.92
52 Week LowHK$3.96
Beta0.51
1 Month Change-10.00%
3 Month Change-22.81%
1 Year Change-55.20%
3 Year Change11.55%
5 Year Change32.00%
Change since IPO-47.20%

Recent News & Updates

Shareholder Returns

SHWG.YUS Medical EquipmentUS Market
7D-1.0%-2.3%-2.5%
1Y-55.2%-15.6%-10.4%

Return vs Industry: SHWG.Y underperformed the US Medical Equipment industry which returned -17.5% over the past year.

Return vs Market: SHWG.Y underperformed the US Market which returned -10.8% over the past year.

Price Volatility

Is SHWG.Y's price volatile compared to industry and market?
SHWG.Y volatility
SHWG.Y Average Weekly Movementn/a
Medical Equipment Industry Average Movement10.1%
Market Average Movement7.8%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: Insufficient data to determine SHWG.Y's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SHWG.Y's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200011,123Rinan Conghttps://www.weigaogroup.com

Shandong Weigao Group Medical Polymer Company Limited engages in the research and development, production, and sale of single-use medical devices in the People’s Republic of China. It operates through Medical Device Products, Orthopaedic Products, Interventional Products, Pharma Packaging Products, Blood Management Products, and Others segments. The company offers vascular and non-vascular access infusion devices, infusion sets, syringes, puncture needles, and specialized single-use clinical collection kits; wound sutures, wound healing dressings, and wound cleaning and nonvascular catheter supporting extracorporeal devices; and blood collection, storage, separation, and sterilization equipment.

Shandong Weigao Group Medical Polymer Fundamentals Summary

How do Shandong Weigao Group Medical Polymer's earnings and revenue compare to its market cap?
SHWG.Y fundamental statistics
Market CapCN¥30.24b
Earnings (TTM)CN¥2.24b
Revenue (TTM)CN¥13.15b

13.5x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHWG.Y income statement (TTM)
RevenueCN¥13.15b
Cost of RevenueCN¥5.90b
Gross ProfitCN¥7.25b
Other ExpensesCN¥5.01b
EarningsCN¥2.24b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.49
Gross Margin55.14%
Net Profit Margin17.07%
Debt/Equity Ratio19.4%

How did SHWG.Y perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

28%

Payout Ratio

Does SHWG.Y pay a reliable dividends?

See SHWG.Y dividend history and benchmarks
When do you need to buy SHWG.Y by to receive an upcoming dividend?
Shandong Weigao Group Medical Polymer dividend dates
Ex Dividend DateJun 08 2022
Dividend Pay DateAug 01 2022
Days until Ex dividend25 days
Days until Dividend pay date79 days

Does SHWG.Y pay a reliable dividends?

See SHWG.Y dividend history and benchmarks

Valuation

Is Shandong Weigao Group Medical Polymer undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


26.1%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SHWG.Y ($3.96) is trading below our estimate of fair value ($5.36)

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


Price To Earnings Ratio

PE vs Industry: SHWG.Y is good value based on its PE Ratio (13.5x) compared to the US Medical Equipment industry average (32.7x).

PE vs Market: SHWG.Y is good value based on its PE Ratio (13.5x) compared to the US market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: SHWG.Y is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SHWG.Y is good value based on its PB Ratio (1.6x) compared to the US Medical Equipment industry average (2.4x).


Future Growth

How is Shandong Weigao Group Medical Polymer forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHWG.Y's forecast earnings growth (14.9% per year) is above the savings rate (1.9%).

Earnings vs Market: SHWG.Y's earnings (14.9% per year) are forecast to grow faster than the US market (12.3% per year).

High Growth Earnings: SHWG.Y's earnings are forecast to grow, but not significantly.

Revenue vs Market: SHWG.Y's revenue (13% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: SHWG.Y's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SHWG.Y's Return on Equity is forecast to be low in 3 years time (11.7%).


Past Performance

How has Shandong Weigao Group Medical Polymer performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHWG.Y has high quality earnings.

Growing Profit Margin: SHWG.Y's current net profit margins (17.1%) are lower than last year (18%).


Past Earnings Growth Analysis

Earnings Trend: SHWG.Y's earnings have grown by 15% per year over the past 5 years.

Accelerating Growth: SHWG.Y's earnings growth over the past year (7.6%) is below its 5-year average (15% per year).

Earnings vs Industry: SHWG.Y earnings growth over the past year (7.6%) underperformed the Medical Equipment industry 19.1%.


Return on Equity

High ROE: SHWG.Y's Return on Equity (11.6%) is considered low.


Financial Health

How is Shandong Weigao Group Medical Polymer's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SHWG.Y's short term assets (CN¥16.1B) exceed its short term liabilities (CN¥5.1B).

Long Term Liabilities: SHWG.Y's short term assets (CN¥16.1B) exceed its long term liabilities (CN¥4.3B).


Debt to Equity History and Analysis

Debt Level: SHWG.Y has more cash than its total debt.

Reducing Debt: SHWG.Y's debt to equity ratio has increased from 9.8% to 19.4% over the past 5 years.

Debt Coverage: SHWG.Y's debt is well covered by operating cash flow (74.8%).

Interest Coverage: SHWG.Y earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shandong Weigao Group Medical Polymer current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.15%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 14 2022Ex Dividend DateJun 08 2022Dividend Pay DateAug 01 202254 days from Ex DividendBuy in the next 25 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SHWG.Y's dividend (2.15%) is higher than the bottom 25% of dividend payers in the US market (1.56%).

High Dividend: SHWG.Y's dividend (2.15%) is low compared to the top 25% of dividend payers in the US market (4.08%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.5%), SHWG.Y's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (33.8%), SHWG.Y's dividend payments are well covered by cash flows.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Rinan Cong (40 yo)

1.17yrs

Tenure

Mr. Rinan Cong serves as Chief Executive Officer at Shandong Weigao Group Medical Polymer Company Limited since March 30, 2021 and serves as Executive Director since May 24, 2021. He joined the Company in...


Leadership Team

Experienced Management: SHWG.Y's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: SHWG.Y's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shandong Weigao Group Medical Polymer Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shandong Weigao Group Medical Polymer Company Limited
  • Ticker: SHWG.Y
  • Exchange: OTCPK
  • Founded: 2000
  • Industry: Health Care Supplies
  • Sector: Healthcare
  • Implied Market Cap: HK$34.965b
  • Listing Market Cap: HK$4.454b
  • Shares outstanding: 4.57b
  • Website: https://www.weigaogroup.com

Number of Employees


Location

  • Shandong Weigao Group Medical Polymer Company Limited
  • Torch Hi-Tech Science Park
  • 18 Xingshan Road
  • Weihai
  • Shandong Province
  • 264210
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/13 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.