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AK Medical Holdings Ltd.
(1789)
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Rating:72Outperform
Price Target:
HK$5.50
▼(-6.94% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by solid financial fundamentals—strong margins and an exceptionally low-leverage balance sheet—tempered by uneven cash-flow conversion. Technicals are neutral-to-slightly positive but constrained by weaker positioning versus longer-term moving averages, while valuation is fair with a mid-teens P/E and a modest dividend yield.
Positive Factors
Strong profitability
High gross, operating, and net margins indicate that AK Medical retains substantial economics on its orthopedic device sales. This profitability provides capacity to fund product development, commercial expansion, and resilience over the next several quarters.
Negative Factors
Cash-flow volatility
The sharp 2023 cash-flow deterioration shows that accounting profitability has not translated consistently into cash generation. Such volatility can constrain investment planning and make funding for product development or expansion less predictable during weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
High gross, operating, and net margins indicate that AK Medical retains substantial economics on its orthopedic device sales. This profitability provides capacity to fund product development, commercial expansion, and resilience over the next several quarters.
Read all positive factors
AK Medical Holdings Ltd. (1789) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.44B
Dividend Yield2.41%
Average Volume (3M)3.01M
Price to Earnings (P/E)12.3
Beta (1Y)1.04
Revenue Growth16.15%
EPS Growth31.89%
CountryHK
Employees981
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)0.34
Shares Outstanding1,109,980,300
10 Day Avg. Volume4,044,264
30 Day Avg. Volume3,007,896
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)1.97
Price to Sales (P/S)3.87
P/FCF Ratio18.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$17.21Price Target Upside191.20% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$1.68B
AK Medical Holdings Ltd. Business Overview & Revenue Model
Company Description
AK Medical Holdings Limited, an investment holding enterprise, specializes in the research, development, production, and worldwide commercialization of orthopedic joint implants and related medical devices under the AK Medical brand. Its comprehen...
How the Company Makes Money
AK Medical primarily makes money by selling orthopedic medical devices used in joint replacement and related orthopedic surgeries. Its core revenue stream is the sale of orthopedic implants (e.g., hip and knee replacement components) to hospitals ...
AK Medical Holdings Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.55B | 1.48B | 1.35B | 1.09B | 1.05B | 761.44M |
| Gross Profit | 974.50M | 897.39M | 808.19M | 674.49M | 636.43M | 499.19M |
| EBITDA | 510.67M | 465.33M | 371.66M | 323.34M | 322.87M | 184.33M |
| Net Income | 375.20M | 339.09M | 273.93M | 182.10M | 204.77M | 92.62M |
Balance Sheet | ||||||
| Total Assets | 3.54B | 3.66B | 3.34B | 3.00B | 2.77B | 2.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.25B | 1.47B | 1.05B | 726.67M | 1.04B | 841.13M |
| Total Debt | 78.25M | 144.79M | 99.39M | 84.20M | 38.78M | 41.56M |
| Total Liabilities | 787.87M | 750.15M | 697.21M | 611.12M | 530.73M | 573.73M |
| Stockholders Equity | 2.75B | 2.91B | 2.64B | 2.39B | 2.24B | 2.03B |
Cash Flow | ||||||
| Free Cash Flow | 196.78M | 316.09M | 289.11M | -162.14M | 121.20M | 100.39M |
| Operating Cash Flow | 226.76M | 419.03M | 451.07M | 33.94M | 242.92M | 176.62M |
| Investing Cash Flow | -92.28M | -316.18M | -393.35M | -318.15M | -82.29M | -297.10M |
| Financing Cash Flow | -137.13M | -83.26M | -39.43M | -14.02M | -36.80M | -100.70M |
AK Medical Holdings Ltd. Technical Analysis
Negative
5.91
Price Trends
5.53
Negative
5.72
Negative
5.76
Negative
Market Momentum
-0.20
Positive
29.55
Positive
8.48
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1789, the sentiment is Negative. The current price of 5.91 is above the 20-day moving average (MA) of 5.50, above the 50-day MA of 5.53, and above the 200-day MA of 5.76, indicating a bearish trend. The MACD of -0.20 indicates Positive momentum. The RSI at 29.55 is Positive, neither overbought nor oversold. The STOCH value of 8.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1789.
AK Medical Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$5.44B | 12.34 | 13.24% | 2.41% | 16.15% | 31.89% | |
59 Neutral | HK$5.94B | 90.22 | 1.72% | ― | 0.75% | -20.22% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | HK$1.63B | -0.86 | -6.69% | ― | ― | ― | |
45 Neutral | HK$11.65B | 31.24 | 6.07% | 0.06% | -3.62% | ― | |
45 Neutral | HK$546.85M | -0.98 | -28.24% | ― | -38.15% | 25.70% | |
39 Underperform | HK$21.97B | -75.49 | -52.78% | ― | 114.97% | 63.21% |
* Healthcare Sector Average
HK:1789
AK Medical Holdings Ltd.
4.91
-0.73
-13.03%
HK:0853
MicroPort Scientific
6.08
-7.84
-56.33%
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LifeTech Scientific Corporation
1.35
-0.54
-28.57%
HK:2160
MicroPort CardioFlow Medtech Corp.
1.28
-5.97
-82.34%
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Shanghai MicroPort MedBot (Group) Co., Ltd. Class H
21.18
-7.74
-26.76%
HK:2500
Venus Medtech (Hangzhou), Inc. Class H
1.21
-2.67
-68.81%
AK Medical Holdings Ltd. Corporate Events
AK Medical Delivers Double-Digit Profit Growth on Higher-Margin Overseas and Digital Sales
Aug 26, 2026
AK Medical reported unaudited interim results for the six months ended 30 June 2026 showing solid operational and financial momentum. Revenue rose 10.2% year-on-year to RMB764.7 million, while gross profit climbed 18.8% to RMB487.4 million, reflec...
AK Medical Sets August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
AK Medical Holdings Limited has scheduled a board meeting for 26 August 2026 at its Global Operation Center in Beijing to review and approve the Group’s interim results for the six months ended 30 June 2026. The board will also consider the ...
AK Medical reshapes company secretarial roles under Hong Kong Listing Rules waiver
Aug 7, 2026
AK Medical Holdings Ltd. has announced that company secretary and authorised representative Ms. Ma Rongkun will resign effective 7 August 2026, citing personal career plans and confirming no disagreement with the board or matters requiring shareho...
AK Medical Clarifies Exercise Price on Share Option Grant
Jul 28, 2026
AK Medical Holdings Ltd. issued a clarification regarding a recent grant of share options and awarded shares, correcting the stated exercise price of the options to HK$5.85 per share instead of HK$5.84. The company also refined the average closing...
AK Medical Grants Performance-Linked Share Options to Director and Staff
Jul 23, 2026
AK Medical Holdings Ltd. has granted share options and awarded shares to a director and selected employees under its existing share option and share award schemes, aligning incentives with long-term company performance. The company issued 355,000 ...
AK Medical Flags Strong Interim Profit on Overseas and Intelligent Device Growth
Jul 21, 2026
AK Medical Holdings Ltd. has issued a positive profit alert for the six months ended 30 June 2026, citing rapid growth in overseas sales and intelligent devices as key drivers. Based on preliminary unaudited figures, the group expects revenue to r...
AK Medical Shareholders Approve All AGM Resolutions, Including Dividend and Issuance Mandates
Jun 17, 2026
AK Medical Holdings Ltd. reported that all resolutions at its 17 June 2026 annual general meeting were approved by shareholders via poll, including receipt of the 2025 audited accounts and declaration of a final dividend of HK11.8 cents per share....
AK Medical Details Structured Deposit Strategy with Bank of Communications
Jun 12, 2026
AK Medical Holdings Ltd. has disclosed that its group has been subscribing to principal-guaranteed structured time deposit products offered by Bank of Communications since 2018, using surplus cash to generate floating returns while preserving capi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.