Some Investors May Be Worried About Cochlear's (ASX:COH) Returns On Capital
Jun 05
Australian (ASX) Medical Equipment Industry Analysis
UpdatedJun 07, 2023
DataAggregated Company Financials
Companies30
- 7D-2.5%
- 3M3.6%
- 1Y10.2%
- YTD17.3%
Over the last 7 days, the Medical Equipment industry has dropped 2.5%, driven by Cochlear declining 2.7%. On the other hand ImpediMed is actually up 11%. Over the past 12 months, the industry was up 10%. 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Jun 2023 | AU$17.6b | AU$2.0b | -AU$62,881,927.00 | 39.2x | -279.6x | 8.7x |
| Fri, 05 May 2023 | AU$18.1b | AU$2.0b | -AU$63,391,329.00 | 39.8x | -284.8x | 9x |
| Sun, 02 Apr 2023 | AU$17.2b | AU$2.0b | -AU$63,244,703.00 | 38x | -272.5x | 8.6x |
| Tue, 28 Feb 2023 | AU$16.6b | AU$2.0b | -AU$58,521,698.00 | 22.8x | -283x | 8.3x |
| Thu, 26 Jan 2023 | AU$15.1b | AU$1.9b | -AU$12,775,707.00 | 23.5x | -1184.6x | 7.9x |
| Sat, 24 Dec 2022 | AU$14.9b | AU$1.9b | -AU$17,484,869.00 | 26.1x | -853.8x | 7.7x |
| Mon, 21 Nov 2022 | AU$15.3b | AU$1.9b | -AU$17,791,187.00 | 30.1x | -859.3x | 7.9x |
| Wed, 19 Oct 2022 | AU$14.8b | AU$1.9b | -AU$21,908,168.00 | 29.4x | -676.3x | 7.7x |
| Fri, 16 Sep 2022 | AU$15.7b | AU$1.9b | -AU$14,333,035.00 | 33.3x | -1097.6x | 8.2x |
| Sun, 14 Aug 2022 | AU$16.2b | AU$1.8b | -AU$2,827,387.00 | 31.7x | -5726.3x | 8.8x |
| Tue, 12 Jul 2022 | AU$15.0b | AU$1.8b | -AU$3,029,693.00 | 29.6x | -4961.4x | 8.2x |
| Thu, 09 Jun 2022 | AU$15.7b | AU$1.8b | AU$1.6m | 30.4x | 10154.8x | 8.6x |
| Sat, 07 May 2022 | AU$16.1b | AU$1.8b | AU$24.4m | 31.6x | 658.5x | 8.8x |
| Mon, 04 Apr 2022 | AU$16.6b | AU$1.8b | AU$32.6m | 32.9x | 510.5x | 9.1x |
| Wed, 02 Mar 2022 | AU$16.9b | AU$1.8b | AU$33.3m | 33.2x | 506.6x | 9.3x |
| Fri, 28 Jan 2022 | AU$14.1b | AU$1.8b | AU$175.3m | 36.7x | 80.3x | 7.9x |
| Sun, 26 Dec 2021 | AU$16.4b | AU$1.8b | AU$175.7m | 43.5x | 93.6x | 9.3x |
| Tue, 23 Nov 2021 | AU$17.4b | AU$1.8b | AU$175.9m | 46.1x | 99x | 9.8x |
| Thu, 21 Oct 2021 | AU$17.0b | AU$1.8b | AU$180.0m | 44.4x | 94.2x | 9.6x |
| Sat, 18 Sep 2021 | AU$18.0b | AU$1.8b | AU$178.8m | 48x | 100.6x | 10.1x |
| Mon, 16 Aug 2021 | AU$18.7b | AU$1.8b | AU$180.1m | 50.3x | 103.8x | 10.5x |
| Mon, 31 May 2021 | AU$17.5b | AU$1.7b | -AU$54,905,250.64 | 55.8x | -318x | 10.4x |
| Thu, 04 Mar 2021 | AU$16.8b | AU$1.6b | -AU$289,642,880.25 | 22.1x | -57.9x | 10.6x |
| Sun, 06 Dec 2020 | AU$17.2b | AU$1.6b | -AU$339,130,571.13 | 33x | -50.7x | 11x |
| Wed, 09 Sep 2020 | AU$14.3b | AU$1.5b | -AU$391,915,202.48 | 9.1x | -36.4x | 9.3x |
Price to Earnings Ratio
-35.1x
Current Industry PE
- Investors are relatively neutral on the Australian Healthcare Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 9.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have improved over the last three years.
- Revenues for these companies have grown 9.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Australian Medical Equipment compare with similar industries?
| AU Market | -0.92% | |
| Healthcare | -0.27% | |
| Medical Equipment | -2.38% | |
| Medical Equipment | -2.52% | |
| Medical Supplies | -1.95% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IPD ImpediMed | AU$0.15 | 10.7% +AU$31.4m | 103.9% | PS29.5x | |
| EBR EBR Systems | AU$1.13 | 2.7% +AU$8.1m | 164.7% | PB4.6x | |
| EYE Nova Eye Medical | AU$0.29 | 11.3% +AU$5.7m | 34.1% | PS3.7x | |
| CMP Compumedics | AU$0.18 | 8.8% +AU$2.7m | 2.8% | PS0.8x | |
| RSH Respiri | AU$0.038 | 8.6% +AU$2.5m | 5.6% | PS45.1x |
