Are Investors Undervaluing PolyNovo Limited (ASX:PNV) By 29%?
May 30
Australian (ASX) Medical Supplies Industry Analysis
UpdatedJun 07, 2023
DataAggregated Company Financials
Companies9
- 7D-2.0%
- 3M-10.4%
- 1Y13.5%
- YTD-6.2%
Over the last 7 days, the Medical Supplies industry has dropped 2.0%, driven by PolyNovo declining 5.2%. Meanwhile, Visioneering Technologies actually outperformed within the industry, gaining 30% in the last week. In the past year, the industry has gained 13%. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Australian Medical Supplies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Jun 2023 | AU$6.1b | AU$3.0b | AU$128.1m | 15.3x | 47.7x | 2x |
| Fri, 05 May 2023 | AU$6.3b | AU$3.0b | AU$127.6m | 15.5x | 49.1x | 2.1x |
| Sun, 02 Apr 2023 | AU$6.4b | AU$3.0b | AU$127.5m | 15.4x | 50.2x | 2.1x |
| Tue, 28 Feb 2023 | AU$6.6b | AU$3.0b | AU$124.3m | 15.7x | 53.5x | 2.2x |
| Thu, 26 Jan 2023 | AU$7.1b | AU$3.1b | AU$136.3m | 15.9x | 52.2x | 2.3x |
| Sat, 24 Dec 2022 | AU$6.5b | AU$3.2b | AU$143.5m | 14.9x | 45x | 2x |
| Mon, 21 Nov 2022 | AU$6.6b | AU$3.2b | AU$143.7m | 14.9x | 45.9x | 2x |
| Wed, 19 Oct 2022 | AU$6.2b | AU$3.4b | AU$152.9m | 13.6x | 40.6x | 1.8x |
| Fri, 16 Sep 2022 | AU$5.6b | AU$3.2b | AU$142.8m | 13.9x | 39.5x | 1.8x |
| Sun, 14 Aug 2022 | AU$6.4b | AU$3.3b | AU$271.6m | 73.1x | 23.7x | 2x |
| Tue, 12 Jul 2022 | AU$5.5b | AU$3.4b | AU$280.5m | 59.4x | 19.5x | 1.6x |
| Thu, 09 Jun 2022 | AU$5.3b | AU$3.2b | AU$268.4m | 53.2x | 19.8x | 1.6x |
| Sat, 07 May 2022 | AU$5.6b | AU$3.3b | AU$248.4m | 56.1x | 22.7x | 1.7x |
| Mon, 04 Apr 2022 | AU$5.7b | AU$3.1b | AU$235.1m | 59.5x | 24.3x | 1.8x |
| Wed, 02 Mar 2022 | AU$5.9b | AU$3.2b | AU$244.1m | 66.8x | 24.3x | 1.8x |
| Fri, 28 Jan 2022 | AU$6.8b | AU$3.1b | AU$318.3m | 12.1x | 21.3x | 2.2x |
| Sun, 26 Dec 2021 | AU$7.6b | AU$3.1b | AU$315.8m | 12.8x | 24x | 2.4x |
| Tue, 23 Nov 2021 | AU$7.2b | AU$3.1b | AU$314.2m | 12.9x | 22.8x | 2.3x |
| Thu, 21 Oct 2021 | AU$7.5b | AU$3.0b | AU$304.8m | 12.7x | 24.7x | 2.5x |
| Sat, 18 Sep 2021 | AU$8.3b | AU$3.1b | AU$313.1m | 13.5x | 26.5x | 2.7x |
| Mon, 16 Aug 2021 | AU$9.0b | AU$3.0b | AU$304.0m | 14.4x | 29.8x | 3x |
| Mon, 31 May 2021 | AU$9.3b | AU$2.8b | AU$279.1m | 16.6x | 33.5x | 3.4x |
| Thu, 04 Mar 2021 | AU$8.5b | AU$2.6b | AU$235.1m | 17.9x | 36.2x | 3.3x |
| Sun, 06 Dec 2020 | AU$9.4b | AU$2.6b | AU$232.7m | 23.7x | 40.4x | 3.6x |
| Wed, 09 Sep 2020 | AU$8.8b | AU$2.6b | AU$200.6m | 100.8x | 43.8x | 3.4x |
Price to Earnings Ratio
44.2x
Current Industry PE
- Investors are optimistic on the Australian Health Care Supplies industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 47.7x which is higher than its 3-year average PE of 35.1x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Health Care Supplies industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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 Comparison
How does Australian Medical Supplies compare with similar industries?
| AU Market | -0.92% | |
| Healthcare | -0.27% | |
| Medical Equipment | -2.38% | |
| Medical Supplies | -1.95% | |
| Medical Equipment | -2.52% | |
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 | |
|---|---|---|---|---|---|
| PNV PolyNovo | AU$1.69 | 13.5% +AU$138.0m | 45.3% | PS21.9x | |
| NXS Next Science | AU$0.54 | 5.9% +AU$6.4m | -28.7% | PS6.5x | |
| OSX Osteopore | AU$0.084 | 7.7% +AU$865.4k | -49.1% | PS7.2x | |
| VTI Visioneering Technologies | AU$0.25 | 8.7% +AU$634.3k | -16.7% | PS0.7x | |
| LDX Lumos Diagnostics Holdings | AU$0.014 | 3.7% +AU$271.7k | -90.7% | PS0.2x |
