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Maider Medical Industry Equipment Co (688310) Fair Value & Analysis

Healthcare · CN · Market cap 2.9B CNY

MM Maider Medical Industry Equipment Co 688310 · SHG
Price¥15.10
Fair Value¥6.75
Upside-55.3%
Quality79/100
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Healthy Growth
Solidly profitable · 12.7% net margin
Low debt · generates free cash flow
Trails peers (4/13)
Narrow moat 34/100
Evidence: High Range ¥5.17 – ¥8.44 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥8.58 to ¥6.75 (−21.3%) since Jun 24, 2026. Share price −3.6% over the past month.

A strong business, but screening 55% overvalued on our models.

What matters now

  • A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥8.44). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥37.31 ¥9.35 Fair Value ¥6.75 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥9.35 – ¥37.31 · fair‑value band ¥5.17 – ¥8.44 · the ¥15.10 price screens above the ¥6.75 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Maider Medical Industry Equipment Co (688310) currently trades at ¥15.10, while our model-based Fair Value estimate is ¥6.75, implying the stock looks roughly 55.3% overvalued today. The Quality Score stands at 79/100 (high 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: high).

Over the trailing twelve months, Maider Medical Industry Equipment Co generated revenue of 447M CNY at a net margin of 12.7%. Revenue declined 0.8% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of 88.0M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥5.17 (bear case) to ¥8.44 (bull case); at ¥15.10, 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 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -55%, 688310 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
Growth DCF ¥8.97 ¥16.62 ¥28.29 80
Residual Income ¥4.22 ¥4.44 ¥4.83 76
Rev-Margin DCF ¥5.98 ¥9.38 ¥14.16 74
All 26 models by family
DCF Models
FCF DCF ¥9.23 ¥15.64 ¥31.48 38
Owner Earnings ¥4.97 ¥8.84 ¥16.05 31
5Y Revenue Exit ¥5.98 ¥9.46 ¥14.26 39
5Y EBITDA Exit ¥7.61 ¥13.10 ¥20.32 41
5Y P/E Exit ¥7.95 ¥13.86 ¥21.02 38
10Y Revenue Exit ¥6.86 ¥10.68 ¥16.83 36
10Y EBITDA Exit ¥8.08 ¥13.42 ¥22.20 37
10Y P/E Exit ¥8.30 ¥13.99 ¥22.83 35
Earnings-Based
Graham-Dodd ¥2.70 ¥16.10 ¥22.43 54
Lynch FV ¥4.58 ¥6.54 ¥8.51 50
PEG = 1.0 ¥4.58 ¥6.54 ¥8.51 46
EPV ¥4.12 ¥4.59 ¥4.99 59
Dividend Discount
Gordon GGM ¥0.0700 ¥0.1300 ¥0.2000 70
DDM Multi-Stage ¥0.0700 ¥0.1200 ¥0.1400 61
Multiples
P/E Multiple ¥6.55 ¥8.74 ¥10.92 63
P/S Multiple ¥5.06 ¥6.75 ¥8.44 58
P/B Multiple ¥5.06 ¥6.75 ¥8.44 55
EV/EBIT ¥5.78 ¥7.32 ¥8.87 53
EV/EBITDA ¥7.18 ¥9.19 ¥11.21 54
EV/Revenue ¥4.45 ¥5.87 ¥7.29 43
Asset-Based
NCAV (Graham) ¥2.62 ¥3.51 ¥5.25 50
Growth DCF
Growth DCF ¥8.97 ¥16.62 ¥28.29 80
Rev-Margin DCF ¥5.98 ¥9.38 ¥14.16 74
Economic Profit
Residual Income ¥4.22 ¥4.44 ¥4.83 76
ROIC Compounder ¥4.12 ¥4.59 ¥4.99 72
Growth Earnings
Growth-Adj P/E ¥6.83 ¥9.75 ¥12.68 68

Widest divergence: DCF Models (¥13.10) versus Dividend Discount (¥0.1200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 447M CNY
Revenue growth (YoY) -0.8%
Net margin 12.7%
Return on equity 4.1%
Free cash flow 97.3M CNY FY2025
P/E ratio 50.1
More key figures
Operating margin -57.4%
EPS (TTM) ¥0.3500
Net cash 88.0M CNY FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 80 · Market factors (momentum, volatility) 38

Profitability 47
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 93
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

Maider Medical Industry Equipment Co. Ltd. engages in the research, development, production, sale, and service of intelligent equipment for medical consumables in China and internationally.

Full company description

Maider Medical Industry Equipment Co. Ltd. engages in the research, development, production, sale, and service of intelligent equipment for medical consumables in China and internationally. It offers blood purification solutions, including automatic assembly machine for hemodialyzer, AV fistula needle, peritoneal dialysis, powder barrel, hollow fiber membrane spinning, hemoperfusion cartridge, flushing syringe, and dialysis bloodline catheters, infusion sets, and central venous catheter; and transfusion solutions, such as automatic assembly machine for disposable infusion set. The company also provides biological reagents comprising a PCR automatic packaging product line; tube extrusion and cutting solutions, such as an automatic production machine for medical catheter; blood collection solutions consisting of automatic assembly machine for blood lancet, safety blood collection needle; and injection solutions, including an automatic assembly machine for pre-filled and safety syringe. In addition, it offers blood glucose solutions, such as automatic assembly machine for insulin pen, pen needle, and syringe; intervention solutions comprising automatic assembly machine for biopsy needle. Further, the company provides anesthesia solutions comprising automatic assembly for an extension set for the pump and spinal anesthesia needle; automatic assembly for the urinary catheter; and other combined products. Maider Medical Industry Equipment Co. Ltd. was founded in 2003 and is headquartered in Taizhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Maider Medical Industry Equipment Co reported revenue of ¥447M in FY2025 versus ¥316M in FY2021, a compound +9.1%/yr. Reported net income was ¥65.3M in FY2025, compounding +0.3%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
447M CNY
Latest YoY
+62.8%
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.
+5.3%
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.
+11.2%
Avg. growth/yr (12Y) 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.
+10.8%
Revenue +9.1%/yr
FY21 ¥316M
FY22 ¥383M
FY23 ¥480M
FY24 ¥275M
FY25 ¥447M
Net income +0.3%/yr
FY21 ¥64.5M
FY22 ¥67.0M
FY23 ¥99.8M
FY24 −¥20.0M
FY25 ¥65.3M
Character of growth · EPS growth decomposed (2014-2025) +7.2 % p.a.
Revenue per share +7.9 pp

of which total revenue +14.1 pp · buybacks/dilution −6.2 pp

EBIT margin +3.0 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −4.5 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).

688310 screens 55% overvalued. Compare with Intuitive Surgical, Inc →

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Cite: Fair Value Calculator (2026). "Maider Medical Industry Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/688310

Peer Group

Medical Instruments & Supplies · 203 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 79 · Top 25%
Fair Value upside −55% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 13% · Above median
Operating margin (TTM) -57% · Bottom 25%
Revenue growth -1% · Below median
Debt / equity 0.05× · Lower than median

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

P/E (TTM) 50.1× · Pricier than 75% of peers
P/B 3.34× · Pricier than median
P/S (TTM) 6.44× · Pricier than 75% of peers
P/FCF 4.4× · Cheaper than median
EV/EBITDA 33.3× · Pricier 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 27
PAST 16 · sector 25
HEALTH 97 · sector 96
DIVIDEND 0 · sector 32

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 Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

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Frequently asked questions

Is Maider Medical Industry Equipment Co (688310) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥6.75 versus a price of ¥15.10, about −55% (overvalued).
What is the fair value of 688310?
Our model-based fair value for Maider Medical Industry Equipment Co is ¥6.75 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥15.10.
What is the quality score of 688310?
Maider Medical Industry Equipment Co has a Quality Score of 79/100. 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 Maider Medical Industry Equipment Co (688310)?
Maider Medical Industry Equipment Co reported trailing-twelve-month revenue of about 447M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688310?
The net profit margin of Maider Medical Industry Equipment Co is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. 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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