The Discounted Cash Flow (DCF) valuation of Shanghai Topcare Medical Services Co Ltd (600532.SS) is 0.98 CNY. With the latest stock price at 0.72 CNY, the upside of Shanghai Topcare Medical Services Co Ltd based on DCF is 36.2%.
Based on the latest price of 0.72 CNY and our DCF valuation, Shanghai Topcare Medical Services Co Ltd (600532.SS) is a buy. Buying 600532.SS stocks now will result in a potential gain of 36.2%.
Range | Selected | |
WACC / Discount Rate | 6.4% - 7.6% | 7.0% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 0.57 - 1.19 | 0.98 |
Upside | -20.6% - 65.8% | 36.2% |
(CNY in millions) | Projections | |||||
12-2022 | 12-2023 | 12-2024 | 12-2025 | 12-2026 | 12-2027 | |
Revenue | 166 | 175 | 185 | 190 | 197 | 206 |
% Growth | 76% | 6% | 6% | 3% | 4% | 4% |
Cost of goods sold | (35) | (37) | (39) | (40) | (42) | (44) |
% of Revenue | 21% | 21% | 21% | 21% | 21% | 21% |
Selling, G&A expenses | (107) | (113) | (119) | (123) | (127) | (133) |
% of Revenue | 64% | 64% | 64% | 64% | 64% | 64% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (37) | (39) | (41) | (42) | (44) | (46) |
% of Revenue | 22% | 22% | 22% | 22% | 22% | 22% |
Tax expense | 2 | 3 | 3 | 3 | 4 | 4 |
Tax rate | -12% | 23% | 23% | 23% | 23% | 23% |
Net profit | (12) | (11) | (11) | (12) | (12) | (13) |
% Margin | -7% | -6% | -6% | -6% | -6% | -6% |