Ansell Limited's (ASX:ANN) Intrinsic Value Is Potentially 68% Above Its Share Price
Nov 29
Australian (ASX) Medical Equipment Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies34
- 7D3.9%
- 3M-0.3%
- 1Y9.6%
- YTD16.7%
In the last week, the Medical Equipment industry is up 3.9%, with Cochlear up 5.2%. In the last 12 months, the industry was up 9.6%. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | AU$24.8b | AU$5.1b | AU$244.8m | 24.8x | 101.3x | 4.9x |
| Mon, 30 Oct 2023 | AU$22.3b | AU$5.2b | AU$248.9m | 22.5x | 89.5x | 4.3x |
| Wed, 27 Sep 2023 | AU$24.0b | AU$5.2b | AU$247.2m | 23.8x | 97.1x | 4.6x |
| Fri, 25 Aug 2023 | AU$25.2b | AU$5.2b | AU$130.3m | 25.2x | 193.4x | 4.8x |
| Sun, 23 Jul 2023 | AU$23.2b | AU$5.0b | AU$64.6m | 23.2x | 358.7x | 4.6x |
| Tue, 20 Jun 2023 | AU$23.8b | AU$5.0b | AU$63.9m | 23.2x | 372.7x | 4.8x |
| Thu, 18 May 2023 | AU$24.1b | AU$5.0b | AU$65.2m | 17.2x | 369.9x | 4.8x |
| Sat, 15 Apr 2023 | AU$24.8b | AU$5.0b | AU$63.6m | 17.2x | 389.8x | 5x |
| Mon, 13 Mar 2023 | AU$23.3b | AU$5.1b | AU$64.4m | 15.8x | 362.2x | 4.6x |
| Wed, 08 Feb 2023 | AU$23.0b | AU$5.1b | AU$124.3m | 19.9x | 185.5x | 4.6x |
| Fri, 06 Jan 2023 | AU$21.9b | AU$5.1b | AU$124.9m | 20.2x | 175.3x | 4.3x |
| Sun, 04 Dec 2022 | AU$22.7b | AU$5.1b | AU$125.2m | 22.8x | 181.1x | 4.4x |
| Tue, 01 Nov 2022 | AU$21.3b | AU$5.3b | AU$127.9m | 22.2x | 166.3x | 4x |
| Thu, 29 Sep 2022 | AU$20.5b | AU$5.3b | AU$130.7m | 23.1x | 156.8x | 3.9x |
| Sat, 27 Aug 2022 | AU$22.0b | AU$5.1b | AU$145.0m | 26.5x | 152x | 4.4x |
| Mon, 25 Jul 2022 | AU$22.0b | AU$5.2b | AU$275.4m | 34.6x | 79.9x | 4.3x |
| Wed, 22 Jun 2022 | AU$18.8b | AU$5.2b | AU$274.8m | 31x | 68.3x | 3.6x |
| Fri, 20 May 2022 | AU$21.4b | AU$5.2b | AU$274.5m | 33.7x | 77.9x | 4.1x |
| Sun, 17 Apr 2022 | AU$22.5b | AU$5.0b | AU$269.7m | 35.6x | 83.3x | 4.5x |
| Tue, 15 Mar 2022 | AU$21.9b | AU$5.0b | AU$271.6m | 34.6x | 80.6x | 4.4x |
| Thu, 10 Feb 2022 | AU$21.4b | AU$4.9b | AU$495.1m | 12.2x | 43.2x | 4.3x |
| Sat, 08 Jan 2022 | AU$23.6b | AU$4.9b | AU$493.6m | 13.7x | 47.9x | 4.8x |
| Mon, 06 Dec 2021 | AU$23.2b | AU$5.0b | AU$499.4m | 14x | 46.4x | 4.7x |
| Wed, 03 Nov 2021 | AU$24.9b | AU$4.8b | AU$482.1m | n/a | 51.6x | 5.2x |
| Fri, 01 Oct 2021 | AU$24.8b | AU$4.9b | AU$493.4m | 13.6x | 50.3x | 5.1x |
| Sun, 29 Aug 2021 | AU$25.7b | AU$4.8b | AU$484.1m | 14x | 53x | 5.4x |
| Mon, 05 Jul 2021 | AU$28.6b | AU$4.8b | AU$504.2m | 16.9x | 56.7x | 6x |
| Thu, 08 Apr 2021 | AU$25.4b | AU$4.4b | AU$224.2m | 15.4x | 113.4x | 5.7x |
| Sun, 10 Jan 2021 | AU$25.2b | AU$4.1b | -AU$54,581,519.84 | 17.5x | -460.9x | 6.1x |
Price to Earnings Ratio
-250x
Current Industry PE
- Investors are optimistic on the Australian Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 101x which is higher than its 3-year average PE of 95.9x.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- Total earnings for the Medical Equipment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 7.1% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 0.46% | |
| Healthcare | 2.12% | |
| Medical Equipment | 3.90% | |
| Medical Equipment | 4.70% | |
| Medical Supplies | 1.01% | |
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 14.0%, which is higher than its past year's earnings growth of 0.5% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 33.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings decline of 3.1% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 14% 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$272.29 | 5.2% +AU$881.9m | 26.4% | PE59.3x | |
| ANN Ansell | AU$23.54 | 2.0% +AU$54.4m | -18.5% | PE13.2x | |
| PNV PolyNovo | AU$1.39 | 3.0% +AU$27.6m | -30.2% | PS14.6x | |
| LBT LBT Innovations | AU$0.016 | 220.0% +AU$12.7m | -69.8% | PS8.7x | |
| IPD ImpediMed | AU$0.14 | 3.7% +AU$10.1m | 52.2% | PS25x |
