Financials Shanghai MicroPort EP MedTech Co., Ltd.

Equities

688351

CNE100005PG9

Advanced Medical Equipment & Technology

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-07-11 pm EDT			5-day change	1st Jan Change
22.41 ^CNY	+2.99%		+6.77%	-12.63%

Jul. 05	Shanghai MicroPort EP MedTech Forecasts Up to 828% Surge in H1 Attributable Profit	MT
Apr. 24	Shanghai MicroPort EP MedTech Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	12,457	12,071	10,546	-	-
Enterprise Value (EV) ¹	12,457	11,814	9,907	9,820	10,546
P/E ratio	3,781 x	2,120 x	288 x	139 x	78.9 x
Yield	-	-	-	-	-
Capitalization / Revenue	47.9 x	36.7 x	22.5 x	16 x	11.6 x
EV / Revenue	47.9 x	35.9 x	21.1 x	14.9 x	11.6 x
EV / EBITDA	707 x	376 x	185 x	92.9 x	60.6 x
EV / FCF	-302 x	-148 x	-300 x	526 x	166 x
FCF Yield	-0.33%	-0.68%	-0.33%	0.19%	0.6%
Price to Book	7.43 x	7.16 x	6.12 x	5.85 x	5.45 x
Nbr of stocks (in thousands)	470,600	470,600	470,600	-	-
Reference price ²	26.47	25.65	22.41	22.41	22.41
Announcement Date	2/17/23	2/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	260.3	329.2	468.7	659	911.4
EBITDA ¹	-	17.62	31.38	53.42	105.8	173.9
EBIT ¹	-	3.026	7.646	39.03	86.32	149
Operating Margin	-	1.16%	2.32%	8.33%	13.1%	16.35%
Earnings before Tax (EBT) ¹	-	2.972	5.61	37.6	83.85	147.8
Net income ¹	-11.97	2.972	5.689	36.19	77.13	134.2
Net margin	-	1.14%	1.73%	7.72%	11.7%	14.73%
EPS ²	-0.0299	0.007000	0.0121	0.0778	0.1608	0.2840
Free Cash Flow ¹	-	-41.31	-79.9	-33	18.67	63.5
FCF margin	-	-15.87%	-24.27%	-7.04%	2.83%	6.97%
FCF Conversion (EBITDA)	-	-	-	-	17.65%	36.51%
FCF Conversion (Net income)	-	-	-	-	24.2%	47.32%
Dividend per Share	-	-	-	-	-	-
Announcement Date	8/10/22	2/17/23	2/27/24	-	-	-

¹CNY in Million²CNY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2024 Q1
Net sales ¹	89.15
EBITDA	-
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income ¹	4.169
Net margin	4.68%
EPS ²	0.008900
Dividend per Share	-
Announcement Date	4/24/24

¹CNY in Million²CNY

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	-	256	639	726	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-41.3	-79.9	-33	18.7	63.5
ROE (net income / shareholders' equity)	-	0.31%	0.34%	2.1%	4.32%	6.99%
ROA (Net income/ Total Assets)	-	0.24%	0.31%	1.66%	3.48%	5.5%
Assets ¹	-	1,229	1,808	2,182	2,216	2,440
Book Value Per Share ²	-	3.560	3.580	3.660	3.830	4.110
Cash Flow per Share ²	-	-0.0200	-0.0800	0.0300	0.1100	0.2000
Capex ¹	-	31.9	41.9	85.1	82.5	84.4
Capex / Sales	-	12.26%	12.74%	18.17%	12.53%	9.26%
Announcement Date	8/10/22	2/17/23	2/27/24	-	-	-

¹CNY in Million²CNY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for Shanghai MicroPort EP MedTech Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.41 CNY

Average target price

29.14 CNY

Spread / Average Target

+30.05%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Medical Diagnostic & Testing Equipment

	1st Jan change	Capi.
SHANGHAI MICROPORT EP MEDTECH CO., LTD.	-12.63%	1.45B
SARTORIUS AG	-27.91%	16.33B
QUIDELORTHO CORPORATION	-56.07%	2.17B
INNER MONGOLIA FURUI MEDICAL SCIENCE CO., LTD.	+19.09%	1.88B
BIOTAGE AB	+29.99%	1.32B
REVENIO GROUP OYJ	+8.32%	853M
SHANGHAI AOHUA PHOTOELECTRICITY ENDOSCOPE CO., LTD.	-30.60%	799M
CONTEC MEDICAL SYSTEMS CO.,LTD	-36.50%	726M
CELLAVISION AB	+29.48%	622M
VAREX IMAGING CORPORATION	-29.02%	594M

Medical Diagnostic & Testing Equipment