Shenzhen Mindray Bio-Medical Electronics Co., Ltd. has 5 years of solid financial results and meets our expectations of a well-managed company. The price seems about right, but not enough of a discount to consider them a good value. They are worth $51.99* and last time we checked, they were selling for $45.35*.
*Note: These shares actually trade in $ and the conversion to $ is approximate. We value them at CN¥272.03 and they were trading at CN¥237.32.
✅ Could probably operate for more than a year without any new income.
✅ Comfortably covering its day-to-day costs and bills.
✅ Has a strong financial cushion for the long term.
✅ Less than a year's worth of inventory is being held.
✅ Paying out a healthy portion of expendable income to shareholders.
✅ Shareholders' earnings are coming from operations.
✅ Income after taxes and debts is stable and growing.
✅ Expendable income per shareholder is stable and growing.
✅ Income actually returned to each shareholder is stable and growing.
✅ Shareholders earn over 8% per year on their shares.