Financials MicroPort NeuroTech Limited

Equities

2172

KYG6083E1098

Medical Equipment, Supplies & Distribution

Delayed Hong Kong S.E. 23:48:13 2024-06-27 EDT 5-day change 1st Jan Change
6.4 HKD -1.84% Intraday chart for MicroPort NeuroTech Limited -9.22% -47.71%

Valuation

Fiscal Period: December 2022 2023 2024 2025 2026
Capitalization 1 11,810 6,482 3,596 - -
Enterprise Value (EV) 1 10,982 6,482 3,596 3,596 3,596
P/E ratio -507 x 44.5 x 15.4 x 11.6 x 8.57 x
Yield - - 0.97% 1.05% -
Capitalization / Revenue 21.6 x 9.74 x 4.14 x 3.17 x 2.43 x
EV / Revenue 21.6 x 9.74 x 4.14 x 3.17 x 2.43 x
EV / EBITDA 65.8 x 27.5 x 12.6 x 9.91 x -
EV / FCF 61.7 x 46 x 15.4 x 12.5 x 10.5 x
FCF Yield 1.62% 2.17% 6.51% 7.98% 9.51%
Price to Book - 3.96 x 2.01 x 1.78 x -
Nbr of stocks (in thousands) 582,658 582,658 582,658 - -
Reference price 2 20.27 11.13 6.171 6.171 6.171
Announcement Date 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 - 547.4 665.6 868.5 1,135 1,480
EBITDA 1 - 179.5 235.9 286 363 -
EBIT 1 - 121.7 219.8 269 346 438.5
Operating Margin - 22.24% 33.02% 30.97% 30.48% 29.64%
Earnings before Tax (EBT) 1 - - 162.1 260.5 348 468
Net income 1 24.17 -21.76 145.5 232.5 309 418
Net margin - -3.98% 21.87% 26.77% 27.22% 28.25%
EPS 2 0.0500 -0.0400 0.2500 0.4000 0.5300 0.7200
Free Cash Flow 1 - 191.5 140.9 234 287 342
FCF margin - 34.99% 21.17% 26.94% 25.29% 23.12%
FCF Conversion (EBITDA) - 106.67% 59.75% 81.82% 79.06% -
FCF Conversion (Net income) - - 96.83% 100.65% 92.88% 81.82%
Dividend per Share 2 - - - 0.0600 0.0650 -
Announcement Date 6/28/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt - - - - - -
Net Cash position - 828 - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - 192 141 234 287 342
ROE (net income / shareholders' equity) - -3.35% 9.37% 13.5% 15.8% 17.7%
ROA (Net income/ Total Assets) - -1.38% 7.71% 11.1% 12.9% 14.3%
Assets 1 - 1,579 1,889 2,104 2,395 2,923
Book Value Per Share 2 - - 2.810 3.070 3.470 -
Cash Flow per Share 2 - - 0.2600 0.4500 0.5600 -
Capex 1 - 32.3 42.2 34 35 36
Capex / Sales - 5.9% 6.34% 3.91% 3.08% 2.43%
Announcement Date 6/28/22 3/29/23 3/27/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
6.171 CNY
Average target price
12.94 CNY
Spread / Average Target
+109.62%
Consensus

Annual profits - Rate of surprise

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