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PW Medtech Group Ltd (1358) Fair Value & Analysis

Healthcare · HK · Market cap HK$1.6B

PM PW Medtech Group Ltd 1358 · HK
PriceHK$0.9050
Fair ValueHK$2.01
Upside+122.1%
Quality66/100
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Healthy Growth
Solidly profitable · 11.5% net margin
Low debt · generates free cash flow
5.27% dividend yield
Ranks above peers (9/13)
Narrow moat 35/100
Evidence: Medium Range HK$1.26 – HK$2.11 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price −15.4% over the past month.

A solid business, screening 122% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$1.26). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$1.56 HK$0.3855 Fair Value HK$2.01 Mar 2021 Aug 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 HK$0.3855 – HK$1.56 · fair‑value band HK$1.26 – HK$2.11 · the HK$0.9050 price screens below the HK$2.01 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PW Medtech Group Ltd (1358) currently trades at HK$0.9050, while our model-based Fair Value estimate is HK$2.01, implying the stock looks roughly 122.1% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, PW Medtech Group Ltd generated revenue of HK$824M at a net margin of 11.5%. Revenue declined 5.0% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of HK$1.8B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$1.26 (bear case) to HK$2.11 (bull case); at HK$0.9050, the current price sits below 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -46% fair-value upside, at 122%, 1358 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF HK$2.26 HK$2.89 HK$3.81 80
Residual Income HK$1.84 HK$1.72 HK$1.28 76
Rev-Margin DCF HK$2.12 HK$2.71 HK$3.48 74
All 24 models by family
DCF Models
FCF DCF HK$2.28 HK$3.01 HK$4.14 38
Owner Earnings HK$2.21 HK$2.88 HK$3.93 31
5Y Revenue Exit HK$2.12 HK$2.72 HK$3.53 39
5Y EBITDA Exit HK$2.73 HK$4.01 HK$5.64 41
5Y P/E Exit HK$2.26 HK$3.03 HK$3.91 38
10Y Revenue Exit HK$2.14 HK$2.71 HK$3.57 36
10Y EBITDA Exit HK$2.54 HK$3.58 HK$5.21 37
10Y P/E Exit HK$2.26 HK$2.92 HK$3.86 35
Earnings-Based
Graham-Dodd HK$0.4500 HK$2.20 HK$3.03 54
Lynch FV HK$0.5900 HK$0.8400 HK$1.10 50
PEG = 1.0 HK$0.5900 HK$0.8400 HK$1.10 46
EPV HK$1.78 HK$1.85 HK$1.90 59
Multiples
P/E Multiple HK$1.09 HK$1.45 HK$1.81 63
P/S Multiple HK$0.8400 HK$1.12 HK$1.40 58
P/B Multiple HK$0.8400 HK$1.12 HK$1.40 55
EV/EBIT HK$2.35 HK$2.71 HK$3.07 53
EV/EBITDA HK$3.15 HK$3.78 HK$4.42 54
EV/Revenue HK$2.03 HK$2.37 HK$2.70 43
Asset-Based
NCAV (Graham) HK$1.38 HK$1.85 HK$2.76 50
Growth DCF
Growth DCF HK$2.26 HK$2.89 HK$3.81 80
Rev-Margin DCF HK$2.12 HK$2.71 HK$3.48 74
Economic Profit
Residual Income HK$1.84 HK$1.72 HK$1.28 76
ROIC Compounder HK$1.78 HK$1.85 HK$1.90 72
Growth Earnings
Growth-Adj P/E HK$0.9400 HK$1.34 HK$1.74 68

Widest divergence: DCF Models (HK$2.92) versus Earnings-Based (HK$0.8400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$824M
Revenue growth (YoY) -5.0%
Net margin 11.5%
Return on equity 2.8%
Free cash flow HK$136M FY2025
P/E ratio 15.6 as of Jul 2, 2026
More key figures
Operating margin 10.3%
EPS (TTM) HK$0.0400
Dividend yield 5.3%
EPS growth (YoY) -65.1%
Net cash HK$1.8B FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 27

Profitability 23
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 98
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.

About the company

PW Medtech Group Limited, an investment holding company, operates as a medical device company in China, India, the Americas, Africa, the rest of Asia, and internationally. It operates in three segments: Infusion Set Business; Blood Purification Business; and Regenerative Medical Biomaterials Business.

Full company description

PW Medtech Group Limited, an investment holding company, operates as a medical device company in China, India, the Americas, Africa, the rest of Asia, and internationally. It operates in three segments: Infusion Set Business; Blood Purification Business; and Regenerative Medical Biomaterials Business. The company offers advanced infusion sets, such as non-PVC-based infusion sets, precision filter infusion sets, light-resistant infusion sets, intravenous cannula products, and insulin needles and pens; hemodialysis and blood purification medical devices; and high-flux hemodialyzers, low-flux hemodialyzers, hemodiafilters, hemoperfutors, and dialysis machines. It also provides animal-derived regenerative medical biomaterials and human tissue repair alternative products. The company was formerly known as Pyholding Limited and changed its name to PW Medtech Group Limited in June 2013. PW Medtech Group Limited was founded in 1997 and is headquartered in Beijing, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

PW Medtech Group Ltd reported revenue of HK$824M in FY2025 versus HK$271M in FY2021, a compound +32.0%/yr. Reported net income was HK$94.4M in FY2025, compounding −40.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$824M
Latest YoY
+7.1%
Avg. 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.
+15.3%
Avg. 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.
+27.2%
Avg. growth/yr (15Y) 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.
+19.0%
Revenue +32.0%/yr
FY21 HK$271M
FY22 HK$537M
FY23 HK$675M
FY24 HK$769M
FY25 HK$824M
Net income −40.2%/yr
FY21 HK$739M
FY22 HK$106M
FY23 HK$153M
FY24 HK$151M
FY25 HK$94.4M
Character of growth · EPS growth decomposed (2014-2025) −1.4 % p.a.
Revenue per share +6.2 pp

of which total revenue +5.1 pp · buybacks/dilution +1.0 pp

EBIT margin −7.0 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "PW Medtech Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1358

Peer Group

Medical Instruments & Supplies · 202 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 66 · Above median
Fair Value upside +122% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 10% · Below median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 5.3% · Top 25%

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

P/E (TTM) 15.6× · Cheaper than 75% of peers
P/B 0.40× · Cheaper than 75% of peers
P/S (TTM) 1.90× · Cheaper than median
P/FCF 1.5× · Cheaper than median

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.

VALUE 100 · sector 0
FUTURE 0 · sector 26
PAST 11 · sector 25
HEALTH 100 · sector 96
DIVIDEND 100 · sector 36

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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 $401.27 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €164.40 €68.55 -58%
Medline Inc MDLN $35.50 $30.15 -15%
Becton, Dickinson and Company BDX $181.41 $100.46 -45%
Alcon Inc ALC $73.58 $39.78 -46%
ResMed Inc RMD $226.00 $187.89 -17%
West Pharmaceutical Services, Inc WST $352.29 $141.58 -60%
Sartorius Stedim Biotech S.A DIM €180.30 €48.88 -73%
Coloplast A/S COLOB kr 429.70 kr 382.22 -11%
Gan & Lee Pharmaceuticals., a biopharmaceutical company, 603087 ¥77.48 ¥27.22 -65%

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Frequently asked questions

Is PW Medtech Group Ltd (1358) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$2.01 versus a price of HK$0.9050, about +122% (undervalued).
What is the fair value of 1358?
Our model-based fair value for PW Medtech Group Ltd is HK$2.01 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.9050.
What is the quality score of 1358?
PW Medtech Group Ltd has a Quality Score of 66/100. 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 PW Medtech Group Ltd (1358)?
PW Medtech Group Ltd reported trailing-twelve-month revenue of about HK$824M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1358?
The net profit margin of PW Medtech Group Ltd is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does PW Medtech Group Ltd pay a dividend?
PW Medtech Group Ltd currently shows a dividend yield of about 5.27% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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