EBR Systems, Inc.'s (ASX:EBR) Intrinsic Value Is Potentially 31% Above Its Share Price
Aug 07
Australian (ASX) Medical Equipment Industry Analysis
UpdatedAug 19, 2024
DataAggregated Company Financials
Companies34
- 7D-6.1%
- 3M-1.1%
- 1Y11.8%
- YTD1.7%
Over the last 7 days, the Medical Equipment industry has dropped 6.1%, driven by a pullback from Cochlear of 9.7%. On the other hand PolyNovo is actually up 7.4%. Over the past 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 16% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 19 Aug 2024 | AU$28.8b | AU$5.4b | AU$169.7m | 44x | 169.9x | 5.4x |
| Wed, 17 Jul 2024 | AU$30.5b | AU$5.3b | AU$167.9m | 46.2x | 181.4x | 5.8x |
| Fri, 14 Jun 2024 | AU$29.8b | AU$5.3b | AU$168.7m | 43.1x | 176.6x | 5.6x |
| Sun, 12 May 2024 | AU$29.1b | AU$5.3b | AU$169.0m | 36x | 172.2x | 5.5x |
| Tue, 09 Apr 2024 | AU$29.0b | AU$5.3b | AU$169.0m | 40.3x | 171.4x | 5.4x |
| Thu, 07 Mar 2024 | AU$29.5b | AU$5.4b | AU$169.3m | 39.5x | 174.1x | 5.5x |
| Sat, 03 Feb 2024 | AU$27.4b | AU$5.1b | AU$245.0m | 25.6x | 111.8x | 5.4x |
| Mon, 01 Jan 2024 | AU$27.0b | AU$5.0b | AU$240.4m | 26.1x | 112.4x | 5.4x |
| Wed, 29 Nov 2023 | AU$24.0b | AU$5.1b | AU$244.8m | 25.4x | 98.2x | 4.7x |
| Fri, 27 Oct 2023 | AU$22.3b | AU$5.2b | AU$249.7m | 22.5x | 89.3x | 4.3x |
| Sun, 24 Sep 2023 | AU$23.8b | AU$5.2b | AU$246.3m | 24.5x | 96.5x | 4.6x |
| Tue, 22 Aug 2023 | AU$24.9b | AU$5.2b | AU$120.2m | 23.8x | 207.5x | 4.8x |
| Thu, 20 Jul 2023 | AU$23.3b | AU$5.0b | AU$64.4m | 22.5x | 361.4x | 4.7x |
| Sat, 17 Jun 2023 | AU$23.6b | AU$4.9b | AU$63.7m | 23.2x | 369.8x | 4.8x |
| Mon, 15 May 2023 | AU$24.4b | AU$5.0b | AU$65.2m | 17.2x | 374.3x | 4.8x |
| Wed, 12 Apr 2023 | AU$24.7b | AU$5.0b | AU$64.4m | 17.2x | 383x | 4.9x |
| Fri, 10 Mar 2023 | AU$23.7b | AU$5.0b | AU$64.2m | 16.5x | 369.4x | 4.7x |
| Sun, 05 Feb 2023 | AU$23.5b | AU$5.1b | AU$124.3m | 19.9x | 188.7x | 4.6x |
| Tue, 03 Jan 2023 | AU$21.6b | AU$5.1b | AU$125.0m | 20.7x | 172.9x | 4.2x |
| Thu, 01 Dec 2022 | AU$22.5b | AU$5.2b | AU$125.8m | 21.8x | 179.1x | 4.4x |
| Sat, 29 Oct 2022 | AU$20.9b | AU$5.2b | AU$127.2m | 21.8x | 164.4x | 4x |
| Mon, 26 Sep 2022 | AU$20.0b | AU$5.2b | AU$129.9m | 25x | 154.3x | 3.8x |
| Wed, 24 Aug 2022 | AU$22.5b | AU$5.3b | AU$306.1m | 38.6x | 73.5x | 4.2x |
| Fri, 22 Jul 2022 | AU$21.5b | AU$5.2b | AU$276.8m | 33.8x | 77.6x | 4.1x |
| Sun, 19 Jun 2022 | AU$18.7b | AU$5.2b | AU$276.1m | 30.6x | 67.6x | 3.6x |
| Tue, 17 May 2022 | AU$21.3b | AU$5.2b | AU$276.2m | 33.3x | 77.3x | 4.1x |
| Thu, 14 Apr 2022 | AU$22.3b | AU$5.0b | AU$267.8m | 35.5x | 83.4x | 4.5x |
| Sat, 12 Mar 2022 | AU$21.5b | AU$5.0b | AU$270.6m | 33.9x | 79.4x | 4.3x |
| Mon, 07 Feb 2022 | AU$21.2b | AU$5.0b | AU$497.6m | 12.5x | 42.5x | 4.3x |
| Wed, 05 Jan 2022 | AU$24.8b | AU$4.9b | AU$492.6m | 13.4x | 50.4x | 5.1x |
| Fri, 03 Dec 2021 | AU$23.4b | AU$4.9b | AU$494.5m | 14.1x | 47.3x | 4.8x |
| Sun, 31 Oct 2021 | AU$24.4b | AU$4.8b | AU$483.8m | 13.6x | 50.4x | 5.1x |
| Tue, 28 Sep 2021 | AU$25.4b | AU$4.9b | AU$493.3m | 14x | 51.5x | 5.2x |
| Thu, 26 Aug 2021 | AU$26.0b | AU$4.8b | AU$484.1m | 14x | 53.6x | 5.4x |
Price to Earnings Ratio
53.6x
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 170x which is higher than its 3-year average PE of 155x.
- The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 29% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.0% 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 | 2.52% | |
| Healthcare | 0.17% | |
| Medical Equipment | -6.09% | |
| Medical Supplies | 3.23% | |
| Medical Equipment | -8.63% | |
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 12.6%, which is higher than its past year's earnings growth of 6.0% 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 35.0x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 10% 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 | |
|---|---|---|---|---|---|
| ANN Ansell | AU$27.34 | 3.7% +AU$140.3m | 18.5% | PE25.5x | |
| EBR EBR Systems | AU$1.16 | 13.2% +AU$41.6m | 41.5% | PB7.7x | |
| PNV PolyNovo | AU$2.58 | 1.6% +AU$27.6m | 72.0% | PE1116.9x | |
| AVR Anteris Technologies | AU$15.30 | 7.4% +AU$22.2m | -20.3% | PS78.7x | |
| NTI Neurotech International | AU$0.078 | 18.2% +AU$12.2m | 77.3% | PS24.8x |
