Financials Shanghai Runda Medical Technology Co., Ltd.

Equities

603108

CNE100002318

Medical Equipment, Supplies & Distribution

End-of-day quote Shanghai S.E. 06:00:00 2024-04-29 pm EDT 5-day change 1st Jan Change
18.16 CNY -5.42% Intraday chart for Shanghai Runda Medical Technology Co., Ltd. +7.01% -10.76%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 7,099 4,167 5,761 6,479 7,772 5,859
Enterprise Value (EV) 1 9,498 6,440 8,044 9,989 12,421 11,591
P/E ratio 32.2 x 16 x 18.8 x 19.6 x 21 x 14.4 x
Yield 0.62% 1.32% - 1.02% - 1.48%
Capitalization / Revenue 1.64 x 0.7 x 0.82 x 0.92 x 0.88 x 0.56 x
EV / Revenue 2.2 x 1.08 x 1.14 x 1.41 x 1.4 x 1.1 x
EV / EBITDA 15 x 6.89 x 7.57 x 9.73 x 10.1 x 9.11 x
EV / FCF -16 x 358 x 105 x -9.56 x -21.9 x -11.4 x
FCF Yield -6.24% 0.28% 0.95% -10.5% -4.57% -8.78%
Price to Book 3.1 x 1.66 x 2.09 x 2.02 x 2.24 x 1.51 x
Nbr of stocks (in thousands) 579,534 579,534 579,534 579,534 579,538 579,543
Reference price 2 12.25 7.190 9.940 11.18 13.41 10.11
Announcement Date 3/28/18 4/23/19 4/29/20 4/26/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,319 5,964 7,052 7,069 8,860 10,494
EBITDA 1 634.6 935.3 1,062 1,026 1,227 1,272
EBIT 1 487.2 733.1 831.4 735 949.2 978.5
Operating Margin 11.28% 12.29% 11.79% 10.4% 10.71% 9.32%
Earnings before Tax (EBT) 1 386.7 591.9 685.7 635.8 780.5 819.7
Net income 1 219.2 262 309.5 330 380.2 417.7
Net margin 5.08% 4.39% 4.39% 4.67% 4.29% 3.98%
EPS 2 0.3800 0.4500 0.5300 0.5700 0.6400 0.7000
Free Cash Flow 1 -592.7 17.97 76.32 -1,045 -567.6 -1,018
FCF margin -13.72% 0.3% 1.08% -14.79% -6.41% -9.7%
FCF Conversion (EBITDA) - 1.92% 7.18% - - -
FCF Conversion (Net income) - 6.86% 24.66% - - -
Dividend per Share 2 0.0760 0.0950 - 0.1140 - 0.1500
Announcement Date 3/28/18 4/23/19 4/29/20 4/26/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,399 2,273 2,284 3,510 4,649 5,732
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.78 x 2.431 x 2.15 x 3.42 x 3.788 x 4.507 x
Free Cash Flow 1 -593 18 76.3 -1,045 -568 -1,018
ROE (net income / shareholders' equity) 12% 14.7% 15.4% 13.3% 14.1% 13.9%
ROA (Net income/ Total Assets) 5.42% 6.25% 6.27% 4.78% 5.35% 4.61%
Assets 1 4,043 4,193 4,937 6,899 7,112 9,063
Book Value Per Share 2 3.950 4.320 4.760 5.530 5.970 6.710
Cash Flow per Share 2 0.9500 0.6400 1.460 1.440 1.770 1.740
Capex 1 346 264 289 332 301 272
Capex / Sales 8.02% 4.43% 4.09% 4.7% 3.4% 2.59%
Announcement Date 3/28/18 4/23/19 4/29/20 4/26/21 4/26/22 4/25/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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