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Australian (ASX) Medical Equipment Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies34
- 7D-6.5%
- 3M-2.0%
- 1Y-8.5%
- YTD-1.9%
Over the last 7 days, the Medical Equipment industry has dropped 6.1%, driven by Cochlear declining 11%. In contrast, Nanosonics has gained 27%. Overall the industry is down 6.2% in 12 months. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | AU$28.3b | AU$6.0b | AU$210.9m | 48x | 134x | 4.7x |
| Sun, 19 Jan 2025 | AU$29.9b | AU$5.7b | AU$129.5m | 55.6x | 230.9x | 5.3x |
| Tue, 17 Dec 2024 | AU$28.6b | AU$5.6b | AU$157.0m | 53.7x | 181.9x | 5.1x |
| Thu, 14 Nov 2024 | AU$28.6b | AU$5.5b | AU$161.0m | 54.5x | 177.4x | 5.2x |
| Sat, 12 Oct 2024 | AU$28.7b | AU$5.5b | AU$161.3m | 53.6x | 177.9x | 5.3x |
| Mon, 09 Sep 2024 | AU$28.0b | AU$5.5b | AU$160.1m | 53x | 174.7x | 5.1x |
| Wed, 07 Aug 2024 | AU$29.9b | AU$5.4b | AU$164.9m | 44x | 181.2x | 5.6x |
| Fri, 05 Jul 2024 | AU$29.4b | AU$5.3b | AU$168.0m | 48.9x | 175x | 5.6x |
| Sun, 02 Jun 2024 | AU$29.2b | AU$5.3b | AU$168.6m | 34.5x | 173x | 5.5x |
| Tue, 30 Apr 2024 | AU$29.3b | AU$5.3b | AU$169.0m | 37.4x | 173.2x | 5.5x |
| Thu, 28 Mar 2024 | AU$29.6b | AU$5.4b | AU$169.3m | 41x | 175x | 5.5x |
| Sat, 24 Feb 2024 | AU$29.7b | AU$5.3b | AU$261.5m | 29x | 113.7x | 5.7x |
| Mon, 22 Jan 2024 | AU$26.8b | AU$5.1b | AU$245.2m | 24.3x | 109.2x | 5.2x |
| Wed, 20 Dec 2023 | AU$27.0b | AU$5.1b | AU$242.2m | 24.8x | 111.4x | 5.3x |
| Fri, 17 Nov 2023 | AU$23.9b | AU$5.2b | AU$247.2m | 23.8x | 96.8x | 4.6x |
| Sun, 15 Oct 2023 | AU$23.6b | AU$5.2b | AU$249.8m | 24.5x | 94.4x | 4.5x |
| Tue, 12 Sep 2023 | AU$24.6b | AU$5.2b | AU$246.7m | 22.5x | 99.8x | 4.7x |
| Thu, 10 Aug 2023 | AU$23.3b | AU$5.1b | AU$72.0m | 22.5x | 323.3x | 4.6x |
| Sat, 08 Jul 2023 | AU$22.4b | AU$5.0b | AU$64.9m | 22.5x | 345x | 4.5x |
| Mon, 05 Jun 2023 | AU$24.2b | AU$5.1b | AU$65.5m | 18.5x | 369.9x | 4.8x |
| Wed, 03 May 2023 | AU$24.5b | AU$5.0b | AU$64.6m | 17.9x | 379.9x | 4.9x |
| Fri, 31 Mar 2023 | AU$23.2b | AU$5.0b | AU$64.2m | 16.5x | 361.6x | 4.6x |
| Sun, 26 Feb 2023 | AU$23.1b | AU$5.0b | AU$65.6m | 20x | 352.6x | 4.6x |
| Tue, 24 Jan 2023 | AU$22.7b | AU$5.0b | AU$123.9m | 20.9x | 183.4x | 4.5x |
| Thu, 22 Dec 2022 | AU$21.2b | AU$5.2b | AU$125.9m | 20.5x | 168x | 4.1x |
| Sat, 19 Nov 2022 | AU$21.9b | AU$5.2b | AU$126.1m | 22.4x | 173.6x | 4.2x |
| Mon, 17 Oct 2022 | AU$20.4b | AU$5.4b | AU$131.4m | 21.9x | 155.5x | 3.8x |
| Wed, 14 Sep 2022 | AU$21.8b | AU$5.1b | AU$127.9m | 25.1x | 170.8x | 4.3x |
| Fri, 12 Aug 2022 | AU$23.1b | AU$5.1b | AU$269.1m | 35.1x | 86x | 4.5x |
| Sun, 10 Jul 2022 | AU$20.6b | AU$5.2b | AU$277.4m | 32.6x | 74.1x | 3.9x |
| Tue, 07 Jun 2022 | AU$21.5b | AU$5.1b | AU$269.4m | 34.3x | 79.7x | 4.2x |
| Thu, 05 May 2022 | AU$22.5b | AU$5.1b | AU$273.0m | 35.7x | 82.5x | 4.4x |
| Sat, 02 Apr 2022 | AU$22.3b | AU$5.0b | AU$267.5m | 35.2x | 83.5x | 4.5x |
| Mon, 28 Feb 2022 | AU$21.8b | AU$5.1b | AU$319.0m | 34.5x | 68.3x | 4.3x |
Price to Earnings Ratio
68.3x
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 137x which is lower than its 3-year average PE of 197x.
- The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 18% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.7% 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 | -2.48% | |
| Healthcare | 0.61% | |
| Medical Equipment | -6.52% | |
| Medical Supplies | 2.43% | |
| Medical Equipment | -9.64% | |
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 13.2%, which is lower than the prior year's growth of 109.6% per year.
- Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 41.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings growth rate of 8.0% per year.
- 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 | |
|---|---|---|---|---|---|
| NAN Nanosonics | AU$4.26 | 27.2% +AU$278.3m | 37.9% | PE78.6x | |
| IMR Imricor Medical Systems | AU$1.52 | 16.0% +AU$56.8m | 216.7% | PS317.6x | |
| PNV PolyNovo | AU$1.91 | 1.3% +AU$17.3m | -3.0% | PE250.8x | |
| EBR EBR Systems | AU$1.64 | 1.6% +AU$9.3m | 111.0% | PB12.4x | |
| COV Cleo Diagnostics | AU$0.48 | 15.0% +AU$8.0m | 166.7% | PS292.6x |
