With EPS Growth And More, Metall Zug (VTX:METN) Makes An Interesting Case
Mar 16
Swiss (SMI) Medical Equipment Industry Analysis
UpdatedMar 20, 2023
DataAggregated Company Financials
Companies11
- 7D2.3%
- 3M9.4%
- 1Y-18.8%
- YTD3.8%
In the last week, the Medical Equipment industry is up 1.6%, with Alcon leading the way with a 1.4% gain. Meanwhile, Metall Zug actually underperformed within the industry, shrinking 8.0% in the last week. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 21% per annum.
Industry Valuation and Performance
Has the Swiss Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Mar 2023 | CHF72.7b | CHF16.6b | CHF1.6b | 45.4x | 44.3x | 4.4x |
| Wed, 15 Feb 2023 | CHF76.1b | CHF16.5b | CHF1.9b | 36.6x | 41x | 4.6x |
| Fri, 13 Jan 2023 | CHF73.2b | CHF16.5b | CHF1.9b | 37.6x | 39.3x | 4.4x |
| Sun, 11 Dec 2022 | CHF71.4b | CHF16.6b | CHF1.9b | 35.6x | 38.3x | 4.3x |
| Tue, 08 Nov 2022 | CHF64.8b | CHF16.8b | CHF1.8b | 31.8x | 36.5x | 3.9x |
| Thu, 06 Oct 2022 | CHF65.7b | CHF16.7b | CHF1.8b | 31.7x | 37x | 3.9x |
| Sat, 03 Sep 2022 | CHF72.7b | CHF16.6b | CHF1.8b | 34.5x | 40.9x | 4.4x |
| Mon, 01 Aug 2022 | CHF85.0b | CHF16.1b | CHF1.7b | 38.8x | 50.2x | 5.3x |
| Wed, 29 Jun 2022 | CHF76.0b | CHF16.1b | CHF1.7b | 37.7x | 44.7x | 4.7x |
| Fri, 27 May 2022 | CHF79.3b | CHF16.1b | CHF1.7b | 40.6x | 47.1x | 4.9x |
| Sun, 24 Apr 2022 | CHF87.2b | CHF15.6b | CHF1.6b | 41.8x | 53.7x | 5.6x |
| Tue, 22 Mar 2022 | CHF90.1b | CHF15.4b | CHF1.6b | 45.5x | 55.8x | 5.9x |
| Thu, 17 Feb 2022 | CHF89.2b | CHF15.0b | CHF1.6b | 46.6x | 57x | 6x |
| Sat, 15 Jan 2022 | CHF90.9b | CHF14.7b | CHF1.5b | 51.6x | 59.8x | 6.2x |
| Mon, 13 Dec 2021 | CHF101.6b | CHF14.7b | CHF1.5b | 67.6x | 67.5x | 6.9x |
| Wed, 10 Nov 2021 | CHF106.2b | CHF13.5b | CHF1.3b | 54.3x | 83.8x | 7.8x |
| Fri, 08 Oct 2021 | CHF94.2b | CHF13.6b | CHF1.3b | 45.5x | 74.2x | 6.9x |
| Sun, 05 Sep 2021 | CHF97.2b | CHF13.6b | CHF1.2b | 71.3x | 77.9x | 7.2x |
| Tue, 03 Aug 2021 | CHF90.1b | CHF13.6b | CHF1.2b | 64.5x | 72.3x | 6.6x |
| Fri, 07 May 2021 | CHF78.4b | CHF12.8b | CHF549.6m | 51.5x | 142.6x | 6.1x |
| Mon, 08 Feb 2021 | CHF67.3b | CHF12.1b | CHF166.9m | 50.5x | 403.3x | 5.5x |
| Sun, 01 Nov 2020 | CHF58.9b | CHF12.5b | -CHF166,358,776.60 | 41x | -354.1x | 4.7x |
| Wed, 05 Aug 2020 | CHF59.0b | CHF13.0b | -CHF55,499,337.28 | 37.2x | -1063x | 4.5x |
| Sat, 09 May 2020 | CHF52.5b | CHF14.1b | CHF167.4m | 27.7x | 313.8x | 3.7x |
Price to Earnings Ratio
305.6x
Current Industry PE
- Investors are optimistic on the Swiss Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.3x which is higher than its 3-year average PE of -15.2x.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 114% per year over the last three years.
- Revenues for these companies have grown 5.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swiss Healthcare industry?
| CH Market | -0.47% | |
| Healthcare | 0.94% | |
| Medical Equipment | 2.26% | |
| Medical Supplies | 2.34% | |
| Medical Equipment | 2.19% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 30.4x.
- Analysts are expecting annual earnings growth of 29.7%, which is lower than the prior year's growth of 34.9% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 45.1x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 30% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- 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 | |
|---|---|---|---|---|---|
| ALC Alcon | CHF61.02 | 2.6% +CHF744.9m | -15.1% | PE96.3x | |
| STMN Straumann Holding | CHF126.95 | 2.5% +CHF486.0m | -12.6% | PE46.5x | |
| SOON Sonova Holding | CHF246.60 | 2.7% +CHF390.8m | -32.5% | PE22.9x | |
| MED Medartis Holding | CHF73.50 | 5.0% +CHF41.5m | -38.5% | PS4.8x | |
| MOVE Medacta Group | CHF104.00 | 1.2% +CHF22.0m | -13.8% | PE45.3x |