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Australian (ASX) Medical Equipment Industry Analysis

UpdatedNov 27, 2021
DataAggregated Company Financials
Companies37
  • 7D-1.1%
  • 3M-5.4%
  • 1Y-10.0%
  • YTD-5.3%

Over the last 7 days, the Medical Equipment industry has dropped 1.1%, driven by a pullback from Cochlear of 1.2%. However, the industry is down 10.0% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 28 Nov 2021AU$24.3bAU$4.9bAU$492.7m14.5x
Tue, 26 Oct 2021AU$24.4bAU$4.8bAU$484.1m13.6x
Thu, 23 Sep 2021AU$25.9bAU$4.9bAU$494.2m13.2x
Sat, 21 Aug 2021AU$27.0bAU$4.8bAU$484.1m15.8x
Sat, 05 Jun 2021AU$26.8bAU$4.4bAU$224.2m16.6x
Tue, 09 Mar 2021AU$25.3bAU$4.1b-AU$54,581,519.8417.9x
Mon, 30 Nov 2020AU$26.6bAU$4.2b-AU$106,407,054.9127.4x
Thu, 03 Sep 2020AU$23.1bAU$4.1b-AU$191,333,638.2721.9x
Sun, 07 Jun 2020AU$27.1bAU$4.4bAU$90.6m106.7x
Sat, 29 Feb 2020AU$21.1bAU$4.1bAU$347.0m35.8x
Tue, 03 Dec 2019AU$22.3bAU$4.1bAU$308.5m41.9x
Fri, 06 Sep 2019AU$21.0bAU$4.0bAU$322.6m29.9x
Mon, 10 Jun 2019AU$18.7bAU$4.0bAU$315.5m39.1x
Sun, 03 Mar 2019AU$15.9bAU$4.0bAU$289.6m29.4x
Wed, 05 Dec 2018AU$15.1bAU$3.9bAU$308.5m20.4x
PE Ratio

20.4x

Total Market Cap: AU$15.1bTotal Earnings: AU$308.5mTotal Revenue: AU$3.9b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 14.5x which is lower than its 3-year average PE of 31.9x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the Medical Equipment industry have grown 17% per year over the last three years, and revenues for these companies have grown 7.5% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Medical Equipment industry?

Medical Supplies-0.44%
Medical Equipment-1.43%

Industry PE: Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 66.7x. However analysts are expecting annual earnings growth of 11%, which is lower than the prior year's growth of 65% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 26.2x.

Forecasted Growth: Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 18% over the next 5 years. However this is lower than its past earnings growth rate of 84% per year. Meanwhile, the Medical Equipment industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
ANN Ansell1.2%+AU$47.5m-15.2%PE11.3x
EMV EMvision Medical Devices4.0%+AU$8.0m-28.0%PS121.8x
PNV PolyNovo0.7%+AU$6.6m-52.9%PS33x
CYC Cyclopharm2.7%+AU$4.7m-17.2%PS8.7x
AVR Anteris Technologies3.6%+AU$4.2m150.7%PS13x
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