Stryker Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
May 02
U.S. Medical Equipment Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies202
- 7D-1.2%
- 3M-2.5%
- 1Y-1.3%
- YTDn/a
Over the last 7 days, the Medical Equipment industry has dropped 1.2%, driven by a pullback from DexCom of 8.8%. Meanwhile, ResMed actually outperformed within the industry, gaining 17% in the last week. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the U.S. Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | US$1.1t | US$241.8b | US$22.5b | 35x | 50.9x | 4.7x |
| Sat, 30 Mar 2024 | US$1.2t | US$239.9b | US$21.9b | 39.2x | 55.4x | 5.1x |
| Mon, 26 Feb 2024 | US$1.2t | US$239.8b | US$22.2b | 34.7x | 54.1x | 5x |
| Wed, 24 Jan 2024 | US$1.2t | US$241.2b | US$19.9b | 38.5x | 58.6x | 4.8x |
| Fri, 22 Dec 2023 | US$1.1t | US$241.2b | US$19.9b | 37x | 55.2x | 4.6x |
| Sun, 19 Nov 2023 | US$1.0t | US$240.8b | US$19.5b | 33.1x | 53.1x | 4.3x |
| Tue, 17 Oct 2023 | US$971.7b | US$238.0b | US$15.8b | 33.2x | 61.6x | 4.1x |
| Thu, 14 Sep 2023 | US$1.1t | US$238.0b | US$15.7b | 34.1x | 68.8x | 4.5x |
| Sat, 12 Aug 2023 | US$1.1t | US$237.7b | US$15.7b | 36.8x | 70.8x | 4.7x |
| Mon, 10 Jul 2023 | US$1.2t | US$235.6b | US$16.7b | 36.8x | 69.3x | 4.9x |
| Wed, 07 Jun 2023 | US$1.1t | US$235.6b | US$16.8b | 36.3x | 67.3x | 4.8x |
| Fri, 05 May 2023 | US$1.2t | US$234.8b | US$17.3b | 37.7x | 67.2x | 4.9x |
| Sun, 02 Apr 2023 | US$1.1t | US$234.7b | US$18.9b | 34x | 58x | 4.7x |
| Tue, 28 Feb 2023 | US$1.1t | US$234.4b | US$18.9b | 36.7x | 55.8x | 4.5x |
| Thu, 26 Jan 2023 | US$1.1t | US$237.5b | US$20.8b | 32.9x | 52.2x | 4.6x |
| Sat, 24 Dec 2022 | US$1.0t | US$219.4b | US$18.9b | 29.9x | 54.5x | 4.7x |
| Mon, 21 Nov 2022 | US$1.0t | US$219.6b | US$19.9b | 30.4x | 50.9x | 4.6x |
| Wed, 19 Oct 2022 | US$969.9b | US$219.6b | US$25.3b | 31.7x | 38.4x | 4.4x |
| Fri, 16 Sep 2022 | US$1.0t | US$219.7b | US$25.0b | 33.4x | 41.1x | 4.7x |
| Sun, 14 Aug 2022 | US$1.1t | US$220.8b | US$24.9b | 33.3x | 43.5x | 4.9x |
| Tue, 12 Jul 2022 | US$988.6b | US$217.3b | US$24.2b | 34.2x | 40.8x | 4.5x |
| Thu, 09 Jun 2022 | US$1.1t | US$219.4b | US$24.3b | 38.4x | 43.8x | 4.8x |
| Sat, 07 May 2022 | US$1.1t | US$215.2b | US$23.2b | 34.7x | 46.4x | 5x |
| Mon, 04 Apr 2022 | US$1.2t | US$207.5b | US$22.8b | 44.6x | 53.8x | 5.9x |
| Wed, 02 Mar 2022 | US$1.2t | US$209.2b | US$23.1b | 46.2x | 51.5x | 5.7x |
| Fri, 28 Jan 2022 | US$1.1t | US$207.4b | US$24.3b | 43.8x | 46.2x | 5.4x |
| Sun, 26 Dec 2021 | US$1.3t | US$206.2b | US$24.5b | 50.8x | 53.4x | 6.3x |
| Tue, 23 Nov 2021 | US$1.3t | US$206.1b | US$23.6b | 51.7x | 54.4x | 6.2x |
| Thu, 21 Oct 2021 | US$1.5t | US$225.4b | US$27.4b | 49.6x | 56x | 6.8x |
| Sat, 18 Sep 2021 | US$1.6t | US$225.9b | US$27.9b | 58.4x | 56.3x | 7x |
| Mon, 16 Aug 2021 | US$1.5t | US$225.9b | US$27.9b | 49.6x | 54.8x | 6.8x |
| Mon, 31 May 2021 | US$1.4t | US$210.1b | US$23.0b | 58.4x | 60.4x | 6.6x |
Price to Earnings Ratio
62.4x
Current Industry PE
- Investors are pessimistic on the American Healthcare 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 50.9x which is lower than its 3-year average PE of 54.4x.
- The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.8% 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 and as a result, profits have held steady.
Industry Comparison
How does U.S. Medical Equipment compare with similar industries?
| US Market | -0.66% | |
| Healthcare | 0.20% | |
| Medical Equipment | -1.25% | |
| Medical Equipment | -1.19% | |
| Medical Supplies | -2.06% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RMD ResMed | US$215.01 | 17.0% +US$4.6b | -9.2% | PE33x | |
| TMDX TransMedics Group | US$117.60 | 32.3% +US$943.5m | 61.1% | PS13x | |
| MDT Medtronic | US$80.89 | 0.6% +US$677.2m | -10.8% | PE25.6x | |
| PRCT PROCEPT BioRobotics | US$60.61 | 15.9% +US$428.2m | 110.3% | PS19.9x | |
| LIVN LivaNova | US$62.62 | 13.6% +US$416.5m | 32.1% | PS2.9x |
