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Shenzhen Mindray Bio-Medical Electronics Co., Ltd. 300760.SZ

CN · XSHE · XSHE · stock · Healthcare · website

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. statistics & valuation

Market capCN¥182.3B
P / E22.4×
P / S5.5×
P / B4.8×
P / FCF22.5×
Net margin24.4%
FCF margin24.4%
Net cashCN¥17.3B
Enterprise value USD$24.5B
Earnings yield EBIT/EV6%
Return on capital20.8%
Graham number -54.2%CN¥68.91

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥68.91); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
31.60% 33.20% 31.80% 24.40% 2022202320242025
Gross margin (%)
64.20% 64.20% 63.10% 60.30% 2022202320242025
Operating margin (%)
35.10% 37.00% 35.50% 29.90% 2022202320242025
Return on equity (%)
30.00% 35.00% 32.50% 21.40% 2022202320242025
Shares outstanding
1.21B 1.21B 1.21B 1.21B 2022202320242025
Net debt (CN¥)
-CN¥22.95B -CN¥18.49B -CN¥16.35B -CN¥17.34B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
20.60% 24.20% 20.60% 13.70% 2022202320242025
Free cash flow margin (%)
33.70% 24.00% 28.50% 24.40% 2022202320242025
Debt / equity (×)
0.01× 0.01× 0.01× 0.01× 2022202320242025
EPS (CN¥)
CN¥7.94 CN¥9.56 CN¥9.63 CN¥6.71 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. trades at about 22.4× earnings — below its 10-year norm (10-year range 24.1×–41.9×, median 28.2×).

22.4× 41.9×

Shaded band = 10-year range (24.1×–41.9×); dot = today's 22.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin60.3%63.1%64.2%64.2%
Operating margin29.9%35.5%37.0%35.1%
Net margin24.4%31.8%33.2%31.6%
FCF margin24.4%28.5%24.0%33.7%
Return on assets13.7%20.6%24.2%20.6%
Return on equity21.4%32.5%35.0%30.0%
Debt / equity0.00×0.00×0.00×
Current ratio2.362.462.662.60

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.