Double Medical Financials

002901 Stock   32.77  0.37  1.14%   
Financial data analysis helps to check if markets are presently mispricing Double Medical Technology. We were able to analyze twenty-nine available fundamental indicators for Double Medical Technology, which can be compared to its peers. The stock experiences a large bullish trend. Check odds of Double Medical to be traded at 36.05 in 90 days. Key indicators impacting Double Medical's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Operating Income107.9 M113.6 M
Notably Down
Pretty Stable
  
Understanding current and past Double Medical Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Double Medical's financial statements are interrelated, with each one affecting the others. For example, an increase in Double Medical's assets may result in an increase in income on the income statement.
Please note, the presentation of Double Medical's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Double Medical's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Double Medical's management manipulating its earnings.

Double Medical Stock Summary

Double Medical competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, and COL Digital. Double Medical is entity of China. It is traded as Stock on SHE exchange.
Specialization
Health Care, Health Care Equipment & Services
InstrumentChina Stock View All
ExchangeShenzhen Stock Exchange
ISINCNE1000032W7
Business AddressNo 18, Hongdong
SectorHealth Care Equipment & Supplies
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.double-medical.com
Phone86 59 2608 3018
You should never invest in Double Medical without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Double Stock, because this is throwing your money away. Analyzing the key information contained in Double Medical's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Double Medical Key Financial Ratios

Double Medical's financial ratios allow both analysts and investors to convert raw data from Double Medical's financial statements into concise, actionable information that can be used to evaluate the performance of Double Medical over time and compare it to other companies across industries.

Double Medical Key Balance Sheet Accounts

201920202021202220232024 (projected)
Other Liab30.7M59.6M61.8M56.1M64.5M48.1M
Net Tangible Assets1.4B1.7B2.0B2.3B2.6B1.5B
Retained Earnings891.0M1.3B1.6B1.2B1.3B920.1M
Other Assets6.6M100.9M9.4M66.4M76.4M80.2M
Common Stock401.9M402.3M402.2M405.1M465.9M429.3M
Total Assets2.2B2.6B3.4B3.9B4.6B2.8B
Other Current Liab153.0M180.8M289.1M16.7M21.3M20.3M
Accounts Payable211.1M179.8M296.3M345.4M281.6M193.5M
Cash764.6M562.9M410.2M992.7M1.2B737.2M
Net Receivables242.7M290.9M467.8M324.7M242.4M245.0M
Inventory457.1M542.0M670.2M987.4M1.2B615.0M
Other Current Assets24.6M21.7M36.0M13.0M26.1M28.8M
Total Liab485.3M503.7M791.5M831.1M1.5B1.6B
Total Current Assets1.6B2.0B2.4B2.7B3.2B2.0B
Intangible Assets28.7M121.7M148.6M143.2M136.9M93.4M
Net Invested Capital1.7B2.1B2.5B3.0B3.6B2.5B
Net Working Capital1.2B1.5B1.7B2.0B2.0B1.7B
Capital Stock402.3M402.2M405.1M414.0M476.1M447.3M

Double Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Double Medical's current stock value. Our valuation model uses many indicators to compare Double Medical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Double Medical competition to find correlations between indicators driving Double Medical's intrinsic value. More Info.
Double Medical Technology is number one stock in return on equity category among its peers. It also is number one stock in return on asset category among its peers reporting about  0.34  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Double Medical Technology is roughly  2.95 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Double Medical by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Double Medical's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

Double Medical Technology Systematic Risk

Double Medical's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Double Medical volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on Double Medical Technology correlated with the market. If Beta is less than 0 Double Medical generally moves in the opposite direction as compared to the market. If Double Medical Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Double Medical Technology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Double Medical is generally in the same direction as the market. If Beta > 1 Double Medical moves generally in the same direction as, but more than the movement of the benchmark.

Double Medical Technology Other Liab Over Time

Double Medical Thematic Clasifications

Double Medical Technology is part of Drugs investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Drug manufacturing and delivery. Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery
DrugsView
This theme covers Drug manufacturing and delivery. Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. Get More Thematic Ideas

Double Medical December 2, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Double Medical help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Double Medical Technology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Double Medical Technology based on widely used predictive technical indicators. In general, we focus on analyzing Double Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Double Medical's daily price indicators and compare them against related drivers.

Complementary Tools for Double Stock analysis

When running Double Medical's price analysis, check to measure Double Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Double Medical is operating at the current time. Most of Double Medical's value examination focuses on studying past and present price action to predict the probability of Double Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Double Medical's price. Additionally, you may evaluate how the addition of Double Medical to your portfolios can decrease your overall portfolio volatility.
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