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Australian (ASX) Medical Equipment Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies39
  • 7D1.0%
  • 3M3.4%
  • 1Y-12.0%
  • YTD-12.8%

The Medical Equipment industry has been flat over the last week, but PolyNovo has lost 6.9%. As for the longer term, the industry has declined 12% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022AU$22.1bAU$5.1bAU$125.5m23x176.1x4.3x
Wed, 26 Oct 2022AU$20.8bAU$5.3bAU$130.8m21.9x158.8x3.9x
Fri, 23 Sep 2022AU$20.7bAU$5.2bAU$129.1m25x160.1x4x
Sun, 21 Aug 2022AU$22.6bAU$5.3bAU$306.1m36.6x73.7x4.3x
Tue, 19 Jul 2022AU$21.4bAU$5.2bAU$279.0m34.3x76.5x4.1x
Thu, 16 Jun 2022AU$19.4bAU$5.2bAU$276.9m31.5x70x3.7x
Sat, 14 May 2022AU$21.6bAU$5.2bAU$277.4m33.7x77.9x4.1x
Mon, 11 Apr 2022AU$22.6bAU$5.0bAU$268.5m35.8x84x4.5x
Wed, 09 Mar 2022AU$21.6bAU$5.0bAU$271.1m34.5x79.5x4.3x
Fri, 04 Feb 2022AU$21.3bAU$4.9bAU$495.2m12.6x42.9x4.3x
Sun, 02 Jan 2022AU$24.1bAU$4.9bAU$489.6m13.5x49.3x5x
Tue, 30 Nov 2021AU$24.4bAU$4.9bAU$495.5m14.4x49.2x4.9x
Thu, 28 Oct 2021AU$24.9bAU$4.8bAU$483.7m13.6x51.4x5.2x
Sat, 25 Sep 2021AU$25.3bAU$4.9bAU$491.5m13.3x51.5x5.2x
Mon, 23 Aug 2021AU$27.0bAU$4.8bAU$484.1m15.1x55.7x5.6x
Sat, 10 Jul 2021AU$28.6bAU$4.8bAU$504.2m16.9x56.7x6x
Fri, 02 Apr 2021AU$25.4bAU$4.4bAU$224.2m15.4x113.4x5.7x
Mon, 04 Jan 2021AU$25.2bAU$4.1b-AU$54,581,519.8417.5x-460.9x6.1x
Thu, 08 Oct 2020AU$23.4bAU$4.1b-AU$119,485,908.9126.3x-195.9x5.7x
Wed, 01 Jul 2020AU$22.6bAU$4.1b-AU$191,333,638.2720.8x-118.2x5.5x
Sat, 04 Apr 2020AU$19.4bAU$4.4bAU$98.7m83.3x197x4.4x
Tue, 07 Jan 2020AU$21.8bAU$4.1bAU$347.0m42.1x62.9x5.3x
Price to Earnings Ratio

72.4x


Total Market Cap: AU$22.3bTotal Earnings: AU$308.5mTotal Revenue: AU$4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Medical Equipment Industry Price to Earnings3Y Average 8.6x202020212022
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 176x which is higher than its 3-year average PE of 8.6x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 26% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Market1.17%
Healthcare1.53%
Medical Equipment0.96%
Medical Equipment1.58%
Medical Supplies-0.48%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 35.1x.
    • Analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings decline of 35.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 36% 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?

CompanyLast Price7D1YValuation
COH CochlearAU$209.501.6%
+AU$221.7m
-7.6%PE47.7x
ANN AnsellAU$28.561.9%
+AU$65.4m
-10.3%PE15.3x
EMV EMVision Medical DevicesAU$2.168.0%
+AU$12.4m
-23.7%PS38.5x
NAN NanosonicsAU$4.620.9%
+AU$12.1m
-16.5%PE373.2x
AVR Anteris TechnologiesAU$23.003.6%
+AU$11.1m
150.0%PS45x
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Latest News

IPD

AU$0.093

ImpediMed

7D

3.3%

1Y

-45.3%

SDI

AU$0.90

SDI

7D

4.7%

1Y

-17.4%

EYE

AU$0.28

Nova Eye Medical

7D

-6.7%

1Y

-12.5%

COH

AU$209.50

Cochlear

7D

1.6%

1Y

-7.6%

RSH

AU$0.038

Respiri

7D

-9.5%

1Y

-35.6%

RHT

AU$0.064

Resonance Health

7D

-8.6%

1Y

-41.8%

NXS

AU$0.63

Next Science

7D

-10.0%

1Y

-47.3%

OIL

AU$0.11

Optiscan Imaging

7D

-8.3%

1Y

-45.0%

IMR

AU$0.34

Imricor Medical Systems

7D

-10.4%

1Y

-71.7%

EMV

AU$2.16

EMVision Medical Devices

7D

8.0%

1Y

-23.7%

EBR

AU$0.46

EBR Systems

7D

5.8%

1Y

-56.7%

NAN

AU$4.62

Nanosonics

7D

0.9%

1Y

-16.5%

AVR

AU$23.00

Anteris Technologies

7D

3.6%

1Y

150.0%