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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedMay 17, 2024
DataAggregated Company Financials
Companies62
  • 7D-4.6%
  • 3M-0.5%
  • 1Y-11.2%
  • YTD-4.7%

Over the last 7 days, the Medical Equipment industry has dropped 4.6%, driven by a pullback from Getinge of 18%. The industry has fallen 11% in the last year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

Has the Swedish Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 May 2024kr165.9bkr73.0bkr2.7b27.9x60.4x2.3x
Sun, 14 Apr 2024kr167.2bkr72.3bkr2.6b32.9x65.2x2.3x
Tue, 12 Mar 2024kr161.2bkr72.2bkr2.4b31.4x66.2x2.2x
Thu, 08 Feb 2024kr160.6bkr71.7bkr2.2b49.4x71.6x2.2x
Sat, 06 Jan 2024kr173.9bkr71.4bkr1.5b40.9x113.6x2.4x
Mon, 04 Dec 2023kr166.0bkr70.6bkr1.5b36.5x112.3x2.4x
Wed, 01 Nov 2023kr145.6bkr69.9bkr1.2b27.6x118.3x2.1x
Fri, 29 Sep 2023kr146.5bkr68.7bkr1.1b30.2x135.7x2.1x
Sun, 27 Aug 2023kr151.9bkr68.8bkr1.1b29.1x141.2x2.2x
Tue, 25 Jul 2023kr162.8bkr67.9bkr950.7m34.7x171.3x2.4x
Thu, 22 Jun 2023kr157.2bkr67.0bkr1.3b33.1x117.3x2.3x
Sat, 20 May 2023kr184.2bkr65.9bkr1.4b37.5x130.3x2.8x
Mon, 17 Apr 2023kr179.4bkr64.1bkr1.4b35.9x132x2.8x
Wed, 15 Mar 2023kr168.1bkr64.0bkr1.4b37.2x117.3x2.6x
Fri, 10 Feb 2023kr176.3bkr62.6bkr2.0b38.4x90x2.8x
Sun, 08 Jan 2023kr163.3bkr61.8bkr2.3b27.6x70.5x2.6x
Tue, 06 Dec 2022kr174.6bkr61.8bkr2.4b27.3x73.5x2.8x
Thu, 03 Nov 2022kr166.7bkr61.0bkr2.7b25x61.3x2.7x
Sat, 01 Oct 2022kr149.5bkr59.7bkr2.8b26.2x54.2x2.5x
Mon, 29 Aug 2022kr169.3bkr59.6bkr2.9b33x59x2.8x
Wed, 27 Jul 2022kr180.8bkr58.8bkr2.7b35.2x65.9x3.1x
Fri, 24 Jun 2022kr192.5bkr58.4bkr3.0b35.8x65.1x3.3x
Sun, 22 May 2022kr212.8bkr57.5bkr2.9b42.7x72.6x3.7x
Tue, 19 Apr 2022kr246.9bkr56.9bkr3.1b63.5x79.3x4.3x
Thu, 17 Mar 2022kr247.1bkr56.9bkr3.1b59.5x79.5x4.3x
Sat, 12 Feb 2022kr267.5bkr56.2bkr3.6b54.2x73.8x4.8x
Mon, 10 Jan 2022kr288.0bkr56.9bkr3.8b59.1x74.9x5.1x
Wed, 08 Dec 2021kr286.3bkr56.9bkr3.8b55.6x74.6x5x
Fri, 05 Nov 2021kr302.8bkr56.4bkr3.9b69x77.9x5.4x
Sun, 03 Oct 2021kr282.1bkr57.8bkr4.4b77x63.4x4.9x
Tue, 31 Aug 2021kr302.5bkr57.8bkr4.4b69.3x68.1x5.2x
Wed, 07 Jul 2021kr269.1bkr57.7bkr4.5b52.7x59.4x4.7x
Price to Earnings Ratio

61x


Total Market Cap: kr223.7bTotal Earnings: kr3.7bTotal Revenue: kr56.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 90x202220232024
Current Industry PE
  • Investors are pessimistic on the Swedish Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 60.4x which is lower than its 3-year average PE of 90.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 9.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Healthcare industry?

SE Market2.03%
Healthcare1.27%
Medical Equipment-4.56%
Medical Supplies4.41%
Medical Equipment-6.64%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 65.9x.
    • Analysts are expecting annual earnings growth of 16.9%, which is lower than the prior year's growth of 42.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 53% over the next 5 years.
  • However this is lower than its past earnings growth rate of 261% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EKTA B Elektakr82.753.0%
+kr917.0m		-7.0%PE22.1x
XVIVO Xvivo Perfusionkr396.003.7%
+kr441.0m		31.8%PE124.2x
VIMIAN Vimian Groupkr34.652.1%
+kr365.7m		7.2%PE195.5x
IMP A SDB Implanticakr28.254.6%
+kr353.9m		65.8%PS404x
ARJO B Arjokr47.881.9%
+kr239.7m		3.9%PE26.1x
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Latest News

IMP A SDB

kr28.25

Implantica

7D

4.6%

1Y

65.8%

OSSD

kr9.30

OssDsign

7D

-6.5%

1Y

52.0%

VIMIAN

kr34.65

Vimian Group

7D

2.1%

1Y

7.2%

BACTI B

kr71.00

Bactiguard Holding

7D

2.9%

1Y

-12.3%

GETI B

kr190.10

Getinge

7D

-10.3%

1Y

-26.4%

BOUL

kr10.95

Boule Diagnostics

7D

13.1%

1Y

2.9%

EKTA B

kr82.75

Elekta

7D

3.0%

1Y

-7.0%

Elekta AB (publ) (STO:EKTA B) Shares Could Be 29% Below Their Intrinsic Value Estimate

May 12
Elekta AB (publ) (STO:EKTA B) Shares Could Be 29% Below Their Intrinsic Value Estimate

STIL

kr193.50

Stille

7D

-1.3%

1Y

75.9%

ADDV A

kr14.50

ADDvise Group

7D

-3.7%

1Y

-19.0%

SEDANA

kr23.35

Sedana Medical

7D

11.5%

1Y

-9.0%

XVIVO

kr396.00

Xvivo Perfusion

7D

3.7%

1Y

31.8%

CEVI

kr230.00

CellaVision

7D

-5.3%

1Y

21.6%

CRAD B

kr40.10

C-Rad

7D

-2.9%

1Y

28.9%

ARJO B

kr47.88

Arjo

7D

1.9%

1Y

3.9%

ORT B

kr8.40

Ortoma

7D

-8.7%

1Y

20.0%

PLUN

kr0.68

ProstaLund

7D

-41.0%

1Y

-66.5%