Unpleasant Surprises Could Be In Store For Cochlear Limited's (ASX:COH) Shares
Apr 05
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Australian (ASX) Medical Equipment Industry Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies33
- 7D-3.0%
- 3M-15.8%
- 1Y-17.1%
- YTD-13.6%
Over the last 7 days, the Medical Equipment industry has dropped 3.0%, driven by Cochlear declining 4.0%. On the other hand EBR Systems is actually up 13%. However, the industry is down 17% over the past year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Australian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | AU$24.9b | AU$6.1b | AU$207.8m | 34.2x | 119.6x | 4.1x |
| Wed, 12 Mar 2025 | AU$26.8b | AU$6.1b | AU$211.7m | 37.4x | 126.6x | 4.4x |
| Fri, 07 Feb 2025 | AU$30.6b | AU$5.6b | AU$130.6m | 57.4x | 234x | 5.4x |
| Sun, 05 Jan 2025 | AU$29.2b | AU$5.7b | AU$129.8m | 54.7x | 225x | 5.2x |
| Tue, 03 Dec 2024 | AU$29.2b | AU$5.5b | AU$156.7m | 55.5x | 186.4x | 5.3x |
| Thu, 31 Oct 2024 | AU$27.5b | AU$5.5b | AU$161.7m | 52.1x | 170.4x | 5x |
| Sat, 28 Sep 2024 | AU$28.0b | AU$5.4b | AU$159.9m | 51.6x | 175.4x | 5.2x |
| Mon, 26 Aug 2024 | AU$29.1b | AU$5.4b | AU$111.6m | 46.2x | 261x | 5.4x |
| Wed, 24 Jul 2024 | AU$31.1b | AU$5.3b | AU$168.8m | 45.5x | 184.3x | 5.9x |
| Fri, 21 Jun 2024 | AU$29.1b | AU$5.3b | AU$168.5m | 46x | 173x | 5.5x |
| Sun, 19 May 2024 | AU$29.8b | AU$5.3b | AU$168.3m | 34.5x | 177.2x | 5.6x |
| Tue, 16 Apr 2024 | AU$29.0b | AU$5.4b | AU$169.7m | 38.1x | 170.9x | 5.4x |
| Thu, 14 Mar 2024 | AU$29.5b | AU$5.3b | AU$168.6m | 40.3x | 174.8x | 5.5x |
| Sat, 10 Feb 2024 | AU$28.2b | AU$5.1b | AU$279.7m | 26.4x | 100.9x | 5.5x |
| Mon, 08 Jan 2024 | AU$27.0b | AU$5.1b | AU$242.6m | 23.6x | 111.1x | 5.3x |
| Wed, 06 Dec 2023 | AU$25.1b | AU$5.1b | AU$246.0m | 24.8x | 102.2x | 4.9x |
| Fri, 03 Nov 2023 | AU$22.7b | AU$5.2b | AU$248.9m | 22.5x | 91x | 4.4x |
| Sun, 01 Oct 2023 | AU$23.8b | AU$5.2b | AU$246.6m | 24.5x | 96.3x | 4.6x |
| Tue, 29 Aug 2023 | AU$25.0b | AU$5.2b | AU$148.5m | 21.9x | 168.1x | 4.8x |
| Thu, 27 Jul 2023 | AU$23.4b | AU$5.0b | AU$64.4m | 22.5x | 362.7x | 4.7x |
| Sat, 24 Jun 2023 | AU$22.7b | AU$5.0b | AU$64.9m | 23.2x | 349.3x | 4.5x |
| Mon, 22 May 2023 | AU$24.3b | AU$5.0b | AU$65.2m | 15.5x | 372.6x | 4.8x |
| Wed, 19 Apr 2023 | AU$24.6b | AU$5.0b | AU$63.8m | 17.2x | 384.8x | 4.9x |
| Fri, 17 Mar 2023 | AU$23.2b | AU$5.0b | AU$63.9m | 16.5x | 363.3x | 4.6x |
| Sun, 12 Feb 2023 | AU$22.3b | AU$5.1b | AU$124.3m | 20x | 179.3x | 4.4x |
| Tue, 10 Jan 2023 | AU$22.2b | AU$5.1b | AU$124.3m | 21.7x | 178.8x | 4.4x |
| Thu, 08 Dec 2022 | AU$22.2b | AU$5.1b | AU$125.7m | 20.5x | 176.3x | 4.3x |
| Sat, 05 Nov 2022 | AU$21.0b | AU$5.3b | AU$128.8m | 22.1x | 163.4x | 3.9x |
| Mon, 03 Oct 2022 | AU$19.9b | AU$5.3b | AU$130.2m | 23.4x | 152.6x | 3.8x |
| Wed, 31 Aug 2022 | AU$21.5b | AU$5.1b | AU$129.5m | 24.4x | 166.4x | 4.2x |
| Fri, 29 Jul 2022 | AU$21.6b | AU$5.2b | AU$275.7m | 34.3x | 78.5x | 4.2x |
| Sun, 26 Jun 2022 | AU$19.3b | AU$5.2b | AU$275.4m | 31.5x | 70.1x | 3.7x |
| Tue, 24 May 2022 | AU$21.8b | AU$5.1b | AU$273.6m | 34.8x | 79.6x | 4.2x |
| Thu, 21 Apr 2022 | AU$22.7b | AU$5.0b | AU$270.3m | 35.8x | 83.9x | 4.5x |
Price to Earnings Ratio
83.9x
Current Industry PE
- Investors are pessimistic on the Australian 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 120x which is lower than its 3-year average PE of 199x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 8.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.9% 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 Australian Healthcare industry?
| AU Market | 0.085% | |
| Healthcare | -3.67% | |
| Medical Equipment | -2.98% | |
| Medical Supplies | -1.27% | |
| Medical Equipment | -3.58% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 12.7%, which is lower than the prior year's growth of 168.3% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 42.6x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| COH Cochlear | AU$261.00 | 3.0% +AU$501.6m | -18.0% | PE46.1x | |
| PNV PolyNovo | AU$1.11 | 13.3% +AU$89.8m | -48.6% | PE129.3x | |
| NAN Nanosonics | AU$4.72 | 4.9% +AU$66.8m | 58.4% | PE86.5x | |
| IMR Imricor Medical Systems | AU$1.41 | 18.5% +AU$59.5m | 156.4% | PS250.2x | |
| ANN Ansell | AU$29.03 | 0.9% +AU$36.2m | 15.8% | PE23.6x |
