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Ping An Healthcare And Technology Co Ltd Ordinary Shares 01833 Stock Quote

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XHKG: 01833

Morningstar‘s Stock Analysis 01833

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Low Demand and User Adds for Ping An Healthcare’s Services Dictate Its Slow Growth

Kai Wang Senior Equity Analyst

Business Strategy and Outlook

| Kai Wang |

Ping An Good Doctor, or PAGD, pivoted its business model at the end of 2021 to become more like a health maintenance organization, or HMO, model for where it now focuses on providing healthcare services to corporations and individuals, away from its previous model where it was a one-stop shop that provided online consultations, healthcare e-commerce, hospital bookings, and various services to individuals. The platform still makes these online services available to single users, but its focus is now on adding incremental users via selling its HMO product through corporations signing up and less on e-commerce. Despite the change, we still do not expect robust demand in the near term and expect revenue to increase 6% year on year in 2022.

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Key Statistics 01833

Company Profile 01833

Business Description

Ping An Good Doctor, which trades under Ping An Healthcare and Technology, is an online platform offering healthcare services in the form of a health maintenance organization, or HMO, model that provides commercial healthcare services and offers healthcare checkup, healthcare management, and corporate reimbursement for a fee. The company leverages the network of health providers from its parent Ping An Group, where it enters into contracts with physicians, hospitals, and specialists to offer their services to HMO participants. Other than commercial healthcare premium services, PAGD also offers online consultations and prescription e-commerce online to individuals. The platform has 423 million registered annual users and 39 million paying users. PAGD is 38.43% owned by its parent company.

Contact
No. 166, Kaibin Road, Shanghai Ping An Building, 17th-19th Floor, Block B
Shanghai, CHN
Industry Health Information Services
Employees 2,796

FAQs for Ping An Healthcare And Technology Co Ltd Ordinary Shares Stock

No. 01833 does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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01833’s market cap is 34.46 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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01833’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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01833’s beta can be found in Trading Information at the top of this page.
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