PERFECT MEDICAL HEALTH MANAGEMENT LIMITED

Financials Perfect Medical Health Management Limited

Equities

1830

KYG7013H1056

Personal Services

Market Closed - Hong Kong S.E. Other stock markets 01:29:57 09/05/2024 pm IST			5-day change	1st Jan Change
2.42 ^HKD	+0.83%		-0.41%	-26.67%

2023	Perfect Medical Health Management's Profit Climbs 10.4% in Fiscal H1	MT
2023	Perfect Medical Health Management Limited Announces Payment of Special Dividend for the Six Months Ended 30 September 2023, Payable on 29 December 2023	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,097	5,417	6,014	4,963	3,015	-	-
Enterprise Value (EV) ¹	2,097	5,417	6,014	4,963	3,015	3,015	3,015
P/E ratio	5.86 x	18.2 x	19.6 x	15.6 x	8.71 x	7.49 x	6.32 x
Yield	-	-	-	6.41%	11.9%	13.6%	16.7%
Capitalization / Revenue	-	-	4.45 x	3.57 x	2.11 x	1.93 x	1.74 x
EV / Revenue	-	-	4.45 x	3.57 x	2.11 x	1.93 x	1.74 x
EV / EBITDA	-	-	-	-	6.21 x	5.25 x	4.44 x
EV / FCF	-	-	16.3 x	-	9.59 x	7.04 x	6.21 x
FCF Yield	-	-	6.14%	-	10.4%	14.2%	16.1%
Price to Book	-	-	12.1 x	8.06 x	5.71 x	5.45 x	5.58 x
Nbr of stocks (in thousands)	11,15,516	12,22,887	12,39,966	12,56,537	12,56,198	-	-
Reference price ²	1.880	4.430	4.850	3.950	2.400	2.400	2.400
Announcement Date	30/06/20	13/07/21	30/06/22	28/06/23	-	-	-

¹HKD in Million²HKD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	1,350	1,389	1,427	1,560	1,731
EBITDA ¹	-	-	-	-	485.6	574.5	678.9
EBIT ¹	-	-	392.5	396.1	427.6	510	603
Operating Margin	-	-	29.07%	28.51%	29.96%	32.7%	34.84%
Earnings before Tax (EBT) ¹	-	-	378.2	391.5	429.6	511.2	617
Net income ¹	360.2	284.6	305.2	315.6	344.2	403.6	481.5
Net margin	-	-	22.61%	22.72%	24.11%	25.87%	27.82%
EPS ²	0.3210	0.2430	0.2480	0.2530	0.2755	0.3205	0.3800
Free Cash Flow ¹	-	-	369.3	-	314.4	428.1	485.6
FCF margin	-	-	27.36%	-	22.03%	27.45%	28.05%
FCF Conversion (EBITDA)	-	-	-	-	64.74%	74.52%	71.53%
FCF Conversion (Net income)	-	-	121%	-	91.36%	106.08%	100.85%
Dividend per Share ²	-	-	-	0.2530	0.2855	0.3255	0.4000
Announcement Date	30/06/20	13/07/21	30/06/22	28/06/23	-	-	-

¹HKD in Million²HKD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 S1	2024 S2
Net sales	-	-
EBITDA	-	-
EBIT ¹	-	202
Operating Margin	-	-
Earnings before Tax (EBT) ¹	-	197
Net income ¹	166.4	154
Net margin	-	-
EPS ²	0.1320	0.1229
Dividend per Share	-	-
Announcement Date	24/11/23	-

¹HKD in Million²HKD

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	369	-	314	428	486
ROE (net income / shareholders' equity)	-	-	51.8%	57%	60.1%	74.3%	94.6%
ROA (Net income/ Total Assets)	-	-	-	24.5%	26.7%	31%	36.1%
Assets ¹	-	-	-	1,289	1,289	1,302	1,334
Book Value Per Share ²	-	-	0.4000	0.4900	0.4200	0.4400	0.4300
Cash Flow per Share	-	-	-	-	-	-	-
Capex ¹	-	-	166	26.7	74.4	69.1	80
Capex / Sales	-	-	12.27%	1.92%	5.21%	4.43%	4.62%
Announcement Date	30/06/20	13/07/21	30/06/22	28/06/23	-	-	-

¹HKD in Million²HKD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Perfect Medical Health Management Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.4 HKD

Average target price

4.375 HKD

Spread / Average Target

+82.29%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Personal Care Services

	1st Jan change	Capi.
PERFECT MEDICAL HEALTH MANAGEMENT LIMITED	-26.67%	386M
BEAUTY FARM MEDICAL AND HEALTH INDUSTRY INC.	+50.54%	489M
SIAM WELLNESS GROUP	+3.45%	278M
EC HEALTHCARE	-14.94%	202M
QB NET HOLDINGS CO.,LTD.	-24.67%	95.54M
AB&COMPANY CO.,LTD.	-3.77%	81.23M
MPM CORPÓREOS S.A.	-17.21%	71.81M
DC HEALTHCARE HOLDINGS	-25.93%	63.03M
MIRICOR ENTERPRISES HOLDINGS LIMITED	-12.41%	64.98M
KAYA LIMITED	+2.35%	55.28M

Personal Care Services