Valuation Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Equities

End-of-day quote Shenzhen S.E. Other stock markets 2025-12-05			5-day change	1st Jan Change
202.39 ^CNY	+1.19%		-0.79%	-20.63%

11-10	Mindray Bio-Medical Electronics submits application for Hong Kong listing	RE
11-05	Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Approves Cash Dividend on A Shares for the Year 2025 for the Third Quarter of 2025, Payable on November 12, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	517,884	461,774	382,132	351,450	308,395	244,769	-	-
Change	-	-10.83%	-17.25%	-8.03%	-12.25%	-20.63%	-	-
Enterprise Value (EV) ¹	502,020	446,498	359,043	332,776	291,872	224,742	220,085	214,889
Change	-	-11.06%	-19.59%	-7.32%	-12.29%	-23%	-2.07%	-2.36%
P/E ratio	77.8x	57.8x	39.8x	30.4x	26.5x	25.6x	21.4x	18.6x
PBR	22.2x	17.2x	12x	10.6x	8.62x	6.24x	5.37x	4.69x
PEG	-	2.9x	1.9x	1.5x	33.64x	-1.4x	1.1x	1.2x
Capitalization / Revenue	24.6x	18.3x	12.6x	10.1x	8.4x	7.13x	6.25x	5.54x
EV / Revenue	23.9x	17.7x	11.8x	9.53x	7.95x	6.55x	5.62x	4.86x
EV / EBITDA	63.3x	45.7x	30.4x	23.8x	20x	18.7x	16.1x	13.8x
EV / EBIT	67.3x	49.3x	32.7x	25.5x	22.3x	20.9x	17.4x	14.8x
EV / FCF	65.3x	58.6x	34.9x	39.6x	27.8x	22x	20.1x	16.3x
FCF Yield	1.53%	1.71%	2.87%	2.52%	3.6%	4.55%	4.98%	6.15%
Dividend per Share ²	2.5	3.5	4.5	1.5	5.6	5.269	6.083	6.98
Rate of return	0.59%	0.92%	1.42%	0.52%	2.2%	2.6%	3.01%	3.45%
EPS ²	5.476	6.587	7.937	9.558	9.633	7.912	9.457	10.9
Distribution rate	45.6%	53.1%	56.7%	15.7%	58.1%	66.6%	64.3%	64.1%
Net sales ¹	21,026	25,270	30,366	34,932	36,726	34,335	39,183	44,188
EBITDA ¹	7,930	9,766	11,796	13,995	14,578	12,021	13,675	15,565
EBIT ¹	7,455	9,066	10,991	13,070	13,112	10,752	12,622	14,502
Net income ¹	6,658	8,002	9,607	11,582	11,668	9,591	11,462	13,180
Net Debt ¹	-15,865	-15,276	-23,088	-18,673	-16,523	-20,027	-24,684	-29,880
Reference price ²	426.00	380.80	315.97	290.60	255.00	202.39	202.39	202.39
Nbr of stocks (in thousands)	1,215,691	1,212,643	1,209,393	1,209,393	1,209,393	1,209,393	-	-
Announcement Date	4/28/21	4/19/22	4/27/23	4/26/24	4/28/25	-	-	-

¹CNY in Million²CNY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.	25.58x	6.55x	18.7x	2.6%	34.62B
THERMO FISHER SCIENTIFIC, INC.	32.09x	5.49x	21.76x	0.29%	215B
INTUITIVE SURGICAL, INC.	76.29x	20.04x	46.79x	-.--%	204B
DANAHER CORPORATION	43.49x	7.06x	22.81x	0.55%	160B
BOSTON SCIENTIFIC CORPORATION	47.22x	7.64x	24.94x	-.--%	145B
SIEMENS HEALTHINEERS AG	20.67x	2.44x	11.86x	2.35%	56.48B
EDWARDS LIFESCIENCES CORPORATION	37.49x	7.75x	25.65x	-.--%	50.02B
AGILENT TECHNOLOGIES, INC.	32.61x	6.19x	22.06x	0.67%	41.18B
GE HEALTHCARE TECHNOLOGIES INC.	18.66x	2.15x	12.09x	0.17%	38.93B
RESMED, INC.	24.46x	6.45x	16.7x	0.94%	37.39B
Average	35.86x	7.18x	22.34x	0.76%	98.21B
Weighted average by Cap.	43.94x	9.00x	26.55x	0.45%