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Microport Cardioflow Medtech Corp (2160) Fair Value & Analysis

Healthcare · HK · Market cap HK$1.5B

MC Microport Cardioflow Medtech Corp 2160 · HK
PriceHK$1.28
Fair ValueHK$1.97
Upside+53.9%
Quality25/100
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Mixed Growth
Loss-making · -33.0% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 1/100
Evidence: Low Range HK$1.05 – HK$2.82 Share as image

Fair value as of: Aug 15, 2026

From 4 valuation models · updated 2 days ago

Fair value updated Aug 15, 2026, revised from HK$1.96 to HK$1.97 (+0.4%) since Aug 5, 2026. Share price +10.3% over the past month.

Below-average quality, screening 54% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (HK$1.05 to HK$2.82). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

HK$89.90 HK$0.9800 Fair Value HK$1.97 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range HK$0.9800 – HK$89.90 · fair‑value band HK$1.05 – HK$2.82 · the HK$1.28 price screens below the HK$1.97 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Microport Cardioflow Medtech Corp (2160) currently trades at HK$1.28, while our model-based Fair Value estimate is HK$1.97, implying the stock looks roughly 53.9% undervalued today. The Quality Score stands at 25/100 (below-average 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: low), always confirm before acting.

Over the trailing twelve months, Microport Cardioflow Medtech Corp generated revenue of HK$57.0M at a net margin of -33.0%. Revenue grew 20.0% year over year. It earns a return on equity of -6.7%. Net debt stands at HK$1.3B. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$1.05 (bear case) to HK$2.82 (bull case); at HK$1.28, the current price sits within 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. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at 54%, 2160 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
Gordon GGM HK$4.19 HK$7.54 HK$10.39 70
DDM Multi-Stage HK$4.19 HK$6.89 HK$8.06 61
EV/EBITDA HK$0.3600 HK$0.3900 HK$0.4200 54
All 4 models by family
Dividend Discount
Gordon GGM HK$4.19 HK$7.54 HK$10.39 70
DDM Multi-Stage HK$4.19 HK$6.89 HK$8.06 61
Multiples
EV/EBITDA HK$0.3600 HK$0.3900 HK$0.4200 54
Asset-Based
NCAV (Graham) HK$0.7800 HK$1.05 HK$1.57 50

Widest divergence: Dividend Discount (HK$6.89) versus Multiples (HK$0.3900). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) HK$57.0M
Revenue growth (YoY) +20.0%
Net margin -33.0%
Return on equity -6.7%
Free cash flow −HK$298M FY2025
Operating margin -65.4%
More key figures
Net debt HK$1.3B FY2025

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 28 · Market factors (momentum, volatility) 15

Profitability 4
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 49
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

MicroPort CardioFlow Medtech Corporation, together with its subsidiaries, researches, develops, manufactures, and sells medical devices for the treatment of structural heart disease and cardiac rhythm management in China, Europe, the Middle East, Africa, Asia, North America, and internationally.

Full company description

MicroPort CardioFlow Medtech Corporation, together with its subsidiaries, researches, develops, manufactures, and sells medical devices for the treatment of structural heart disease and cardiac rhythm management in China, Europe, the Middle East, Africa, Asia, North America, and internationally. The company offers VitaFlow, a transcatheter aortic valve system; VitaFlow Liberty, a transcatheter aortic valve retrievable and controllable bend delivery system; Alwide, a plus valve balloon dilation catheter; AccuSniper, a double-layer balloon dilation catheter, Angelguide, an advanced pre-shaped ultra-hard guidewire; and AnchorMan, a left atrial appendage occlusion and guidance system. It also provides various active, mitral, and tricuspid valve products; left atrial appendage closure products; surgical accessories; low and high-voltage CRM products; leads and accessories; patient monitoring products; and arrhythmia diagnostic devices. In addition, the company offers clinical solutions, including aortic stenosis and atrial fibrillation-related stroke prevention. Further, it is involved in the manufacturing of raw materials for medical devices treating valvular heart diseases; and properties management. The company was founded in 2009 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Microport Cardioflow Medtech Corp reported revenue of HK$444M in FY2025 versus HK$201M in FY2021, a compound +21.9%/yr. Reported net income was −HK$146M in FY2025.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$444M
Latest YoY
+22.7%
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.
+20.9%
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.
+33.7%
Avg. growth/yr (6Y) 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.
+65.6%
Revenue +21.9%/yr
FY21 HK$201M
FY22 HK$251M
FY23 HK$336M
FY24 HK$362M
FY25 HK$444M
Net income
FY21 −HK$183M
FY22 −HK$454M
FY23 −HK$472M
FY24 −HK$49.4M
FY25 −HK$146M

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Cite: Fair Value Calculator (2026). "Microport Cardioflow Medtech Corp Fair Value". https://www.fairvalue-calculator.com/stock/2160

Peer Group

Medical Devices · 350 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 25 · Bottom 25%
Fair Value upside +54% · Top 25%
Return on assets -2% · Below median
Net margin (TTM) -33% · Bottom 25%
Operating margin (TTM) -65% · Bottom 25%
Revenue growth 20% · Top 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Medical Devices median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 3.33× · Pricier 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 100 · sector 30
PAST 0 · sector 7
HEALTH 95 · sector 97
DIVIDEND 0 · sector 38

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 Devices stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $110.91 $74.79 -33%
Stryker Corporation SYK $347.21 $186.28 -46%
Medtronic plc MDT $90.76 $65.57 -28%
Boston Scientific Corporation BSX $51.42 $38.44 -25%
Edwards Lifesciences Corporation EW $93.05 $41.02 -56%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥153.60 ¥147.63 -4%
Shanghai United Imaging Healthcare Co 688271 ¥110.50 ¥43.60 -61%
Demant A/S DEMANT kr 289.60 kr 161.17 -44%
Getinge AB GETIB kr 239.30 kr 192.14 -20%
Sectra AB SECTB kr 280.00 kr 66.81 -76%

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Frequently asked questions

Is Microport Cardioflow Medtech Corp (2160) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$1.97 versus a price of HK$1.28, about +54% (undervalued).
What is the fair value of 2160?
Our model-based fair value for Microport Cardioflow Medtech Corp is HK$1.97 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$1.28.
What is the quality score of 2160?
Microport Cardioflow Medtech Corp has a Quality Score of 25/100. 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 Microport Cardioflow Medtech Corp (2160)?
Microport Cardioflow Medtech Corp reported trailing-twelve-month revenue of about HK$57.0M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 2160?
The net profit margin of Microport Cardioflow Medtech Corp is about -33.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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