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Blue Sail Medical Co Ltd (002382) Fair Value & Analysis

Healthcare · CN · Market cap 5.5B CNY (≈ $826M) · ISIN CNE100000MZ7

What is Blue Sail Medical Co Ltd really worth?

BS Blue Sail Medical Co Ltd 002382 · SHE
Price¥5.95
Fair Value¥4.42
Upside−25.7%
Quality43/100

Below-average quality, and trading another 35% above our fair value of ¥4.42.

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Risks

!Weak Growth (revenue 5y −6.1 %/yr)
!Loss-making · -14.4% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 24/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ¥3.01 – ¥5.82

Fair value as of: Aug 13, 2026

From 4 valuation models · updated 22 days ago

Share price −0.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥5.82). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥3.01 to ¥5.82) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

¥21.95 ¥4.21 Fair Value ¥4.42 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥4.21 – ¥21.95 · fair‑value band ¥3.01 – ¥5.82 · the ¥5.95 price screens above the ¥4.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Blue Sail Medical Co Ltd (002382) currently trades at ¥5.95, while our model-based Fair Value estimate is ¥4.42, implying the stock looks roughly 34.6% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Healthcare sector. Bull case: the Multiples group reads highest at a median of ¥6.68 per share, and 1 of the 4 models we run sit above the ¥5.95 price. Bear case: the Dividend Discount group reads lowest at ¥2.53, and 3 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Blue Sail Medical Co Ltd generated revenue of 5.8B CNY at a net margin of −14.4%. Revenue grew 6.3% year over year. It earns a return on equity of −8.8%. Net debt stands at 1.2B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥3.01 (bear case) to ¥5.82 (bull case); at ¥5.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −46% fair-value upside, at −26%, 002382 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EV/EBITDA best evidence ¥5.28 ¥6.68 ¥8.08 67
DDM Multi-Stage ¥1.47 ¥2.53 ¥3.09 65
Gordon GGM ¥1.47 ¥2.92 ¥4.43 64
All 4 models by family
Dividend Discount
Gordon GGM ¥1.47 ¥2.92 ¥4.43 64
DDM Multi-Stage ¥1.47 ¥2.53 ¥3.09 65
Multiples
EV/EBITDA best evidence ¥5.28 ¥6.68 ¥8.08 67
Asset-Based
NCAV (Graham) ¥3.56 ¥4.76 ¥7.11 54

Widest divergence: Multiples (¥6.68) versus Dividend Discount (¥2.53). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/S ratio 0.95 TTM
EPS (TTM) ¥−0.8400
Dividend yield 3.0%
Net margin −13.2% FY2025
Return on equity −8.8% TTM
Return on assets (EBIT) −0.3% avg 5y
More key figures
Profitability
Operating margin 8.5% TTM
Growth
Revenue (TTM) 5.8B CNY TTM
Revenue growth (YoY) +6.3% 3y avg +5.4%
EPS growth (YoY) −98.8%
Balance sheet & cash flow
Free cash flow −95.3M CNY FY2025
Net debt 1.2B CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 43

Profitability 6
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 84
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Blue Sail Medical Co.,Ltd. operates as a medical device company in China and internationally. It operates through Health Protection Division; Cardiovascular and Cerebrovascular Department; and Emergency Rescue Division segments.

Full company description

Blue Sail Medical Co.,Ltd. operates as a medical device company in China and internationally. It operates through Health Protection Division; Cardiovascular and Cerebrovascular Department; and Emergency Rescue Division segments. The company offers cardiovascular and cerebrovascular products comprising drug-eluting stents and balloons, conventional balloons, and transcatheter aortic valve replacement systems; and disposable health protection gloves consisting of disposable nitrile, PVC, latex, and TPE/CPE gloves, as well as polyurethane gloves for use in medical examinations, food processing, industrial labor protection, daily protection, and other applications. It also provides emergency rescue products, such as road rescue kits, Red Cross foreign aid kits, AED family emergency kits, Firstaid series, mother's parcels, pet and catering first aid kits, portable protection and AED emergency kits, road rescue and fire emergency kits, AED first aid kits, eye wash first aid kits, face towels, cotton soft towels, disposable bed sheets and quilts, daily underwear, mini cleansing wipes, kitchen wipes, first aid blankets, thermal insulation blankets, filter-type fire self-rescue respirators, emergency escape ropes, medical ice packs, and medical antipyretic ice patches. In addition, the company offers nano antibody anti-corona and electronic protection sprays, nano antibody liquid masks, nasal rinsers, and sea salt water nasal sprays; and mussel mucin nasal and oral sprays. The company was formerly known as Shandong Blue Sail Plastic & Rubber Co., Ltd. and changed its name to Blue Sail Medical Co.,Ltd. in July 2014. Blue Sail Medical Co.,Ltd. was founded in 2002 and is headquartered in Zibo, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Blue Sail Medical Co Ltd reported revenue of 5.7B CNY in FY2025 versus 8.1B CNY in FY2021, a compound −8.3%/yr. Reported net income was −759M CNY in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
5.7B CNY
Latest YoY
−8.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.1%
Avg. revenue growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.7%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −8.3%/yr
FY21 8.1B CNY
FY22 4.9B CNY
FY23 4.9B CNY
FY24 6.3B CNY
FY25 5.7B CNY
Net income
FY21 1.2B CNY
FY22 −372M CNY
FY23 −568M CNY
FY24 −446M CNY
FY25 −759M CNY

002382 screens 35% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Blue Sail Medical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002382

Peer Group

Medical Instruments & Supplies · 194 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Bottom 25%
Fair Value upside −26% · Above median
Return on assets −1% · Bottom 25%
Net margin (TTM) −14% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.0% · Above median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 0.14× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE32 · sector 29
PAST0 · sector 26
HEALTH96 · sector 96
DIVIDEND61 · sector 30

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $367.07 $150.04 −59%
EssilorLuxottica Société anonyme EL €160.35 €94.93 −41%
Medline Inc MDLN $36.59 $30.15 −18%
Becton, Dickinson and Company BDX $187.12 $100.46 −46%
Alcon Inc ALC $72.23 $39.78 −45%
ResMed Inc RMD A$33.19 A$26.23 −21%
West Pharmaceutical Services, Inc WST $337.47 $141.58 −58%
Sartorius Stedim Biotech S.A DIM €197.70 €48.88 −75%
Straumann Holding STMN CHF 97.38 CHF 47.31 −51%
Sartorius Aktiengesellschaft SRT3 €253.50 €63.30 −75%

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Frequently asked questions

Is Blue Sail Medical Co Ltd (002382) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥4.42 versus a price of ¥5.95, about −26% upside (overvalued).
What is the fair value of 002382?
Our model-based fair value for Blue Sail Medical Co Ltd is ¥4.42 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥5.95.
What is the quality score of 002382?
Blue Sail Medical Co Ltd has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Blue Sail Medical Co Ltd (002382)?
Blue Sail Medical Co Ltd reported trailing-twelve-month revenue of about 5.8B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 002382?
The net profit margin of Blue Sail Medical Co Ltd is about −14.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Blue Sail Medical Co Ltd pay a dividend?
Blue Sail Medical Co Ltd currently shows a dividend yield of about 3.04% relative to its recent price (as of Aug 13, 2026).
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