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Venus Medtech Hangzhou Inc (2500) Fair Value & Analysis

Healthcare · HK · Market cap HK$609M

VM Venus Medtech Hangzhou Inc 2500 · HK
PriceHK$1.04
Fair ValueHK$0.5400
Upside-48.1%
Quality44/100
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Expensive Growth
Loss-making · -132.9% net margin
Low debt · negative free cash flow
Trails peers (2/9)
Narrow moat 8/100
Evidence: Low Range HK$0.4000 – HK$0.8000 Share as image

Fair value as of: Aug 15, 2026

From 1 valuation models · updated 2 days ago

Fair value updated Aug 15, 2026, revised from HK$3.11 to HK$0.5400 (−82.6%) since Aug 5, 2026. Share price −22.4% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.8000). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (HK$0.4000 to HK$0.8000) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$73.55 HK$1.04 Fair Value HK$0.5400 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$1.04 – HK$73.55 · fair‑value band HK$0.4000 – HK$0.8000 · the HK$1.04 price screens above the HK$0.5400 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Venus Medtech Hangzhou Inc (2500) currently trades at HK$1.04, while our model-based Fair Value estimate is HK$0.5400, implying the stock looks roughly 48.1% overvalued today. The Quality Score stands at 44/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at HK$307M. Revenue declined 50.2% year over year. It earns a return on equity of -20.5%. Net debt stands at HK$41.4M. Fundamentals as of Aug 15, 2026

Our scenario range runs from HK$0.4000 (bear case) to HK$0.8000 (bull case); at HK$1.04, 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. For context, the median of 10 Healthcare peers we cover trades at -33% fair-value upside, at -48%, 2500 screens richer 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
NCAV (Graham) HK$2.00 HK$2.68 HK$4.00 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$2.00 HK$2.68 HK$4.00 50

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Key figures & financial health

Revenue (TTM) HK$307M
Revenue growth (YoY) -50.2%
Net margin -133%
Return on equity -20.5%
Free cash flow −HK$332M FY2025
Operating margin -174%
More key figures
EPS (TTM) HK$-0.3100
Net debt HK$41.4M FY2025

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

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 8

Profitability 3
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 82
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

Venus Medtech (Hangzhou) Inc., together with its subsidiaries, engages in the research, development, manufacturing, and sale of bioprosthetic heart valves in Mainland China and internationally.

Full company description

Venus Medtech (Hangzhou) Inc., together with its subsidiaries, engages in the research, development, manufacturing, and sale of bioprosthetic heart valves in Mainland China and internationally. The company's offers transcatheter aortic heart valve replacement products, such as VenusA-Valve, VenusA-Plus, VenusA-Pro, and VenusA-Deluxe; and VenusP-Valve, a transcatheter pulmonary valve system to treat patients suffering with moderate to severe pulmonary regurgitation with or without right ventricular outflow tract stenosis. It also develops Venus-Vitae, a balloon-expandable dry-tissue product; Venus-PowerX, a self-expanding dry-tissue product; Cardiovalve, a transcatheter valve replacement system for the treatment of patients with mitral regurgitation and in pivotal clinical trial for the treatment of patients with tricuspid regurgitation; and renal artery denervation ablation system for the treatment of hypertension. In addition, the company offers procedural accessories comprising catheter sheath product and balloon catheter. Venus Medtech (Hangzhou) Inc. was incorporated in 2009 and is headquartered in Hangzhou, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Venus Medtech Hangzhou Inc reported revenue of HK$307M in FY2025 versus HK$416M in FY2021, a compound −7.3%/yr. Reported net income was −HK$408M in FY2025.

Growth Quality 10/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$307M
Latest YoY
−34.8%
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.
−9.0%
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.
+2.1%
Avg. growth/yr (8Y) 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.
+42.4%
Revenue −7.3%/yr
FY21 HK$416M
FY22 HK$406M
FY23 HK$491M
FY24 HK$471M
FY25 HK$307M
Net income
FY21 −HK$374M
FY22 −HK$1.1B
FY23 −HK$704M
FY24 −HK$714M
FY25 −HK$408M

2500 screens 48% overvalued. Compare with Abbott Laboratories, →

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Cite: Fair Value Calculator (2026). "Venus Medtech Hangzhou Inc Fair Value". https://www.fairvalue-calculator.com/stock/2500

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 42 · Below median
Fair Value upside −48% · Below median
Return on assets -7% · Below median
Net margin (TTM) -133% · Bottom 25%
Operating margin (TTM) -174% · Bottom 25%
Revenue growth -50% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/S (TTM) 0.25× · Cheaper than 75% of peers

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 0 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 7
HEALTH 100 · sector 97
DIVIDEND 0 · sector 38

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

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 Venus Medtech Hangzhou Inc (2500) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of HK$0.5400 versus a price of HK$1.04, about −48% (overvalued).
What is the fair value of 2500?
Our model-based fair value for Venus Medtech Hangzhou Inc is HK$0.5400 (as of Aug 15, 2026), built from audited fundamentals. The current price is HK$1.04.
What is the quality score of 2500?
Venus Medtech Hangzhou Inc has a Quality Score of 44/100. 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 Venus Medtech Hangzhou Inc (2500)?
Venus Medtech Hangzhou Inc reported trailing-twelve-month revenue of about HK$307M (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 2500?
The net profit margin of Venus Medtech Hangzhou Inc is about -132.9%, 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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