The Returns On Capital At Winner Medical (SZSE:300888) Don't Inspire Confidence
Jan 21
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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies104
- 7D2.8%
- 3M-6.0%
- 1Y-6.4%
- YTD-1.7%
Over the last 7 days, the Medical Equipment industry has risen 3.2%, driven by gains from Shenzhen Mindray Bio-Medical Electronics of 2.1%. However, the industry is down 10% over the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Chinese Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 31.7x | 33.4x | 5.3x |
| Thu, 19 Dec 2024 | CN¥1.2t | CN¥216.8b | CN¥34.5b | 34.4x | 35.6x | 5.7x |
| Sat, 16 Nov 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 35.2x | 36.3x | 5.8x |
| Mon, 14 Oct 2024 | CN¥1.2t | CN¥213.6b | CN¥36.4b | 31.4x | 33.7x | 5.7x |
| Wed, 11 Sep 2024 | CN¥1.1t | CN¥213.8b | CN¥36.4b | 27x | 28.9x | 4.9x |
| Fri, 09 Aug 2024 | CN¥1.1t | CN¥214.6b | CN¥37.0b | 26.5x | 30.5x | 5.3x |
| Sun, 07 Jul 2024 | CN¥1.1t | CN¥214.2b | CN¥36.8b | 26.6x | 31.1x | 5.3x |
| Tue, 04 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 29.5x | 33.8x | 5.8x |
| Thu, 02 May 2024 | CN¥1.3t | CN¥215.9b | CN¥36.9b | 30.6x | 34.9x | 6x |
| Sat, 30 Mar 2024 | CN¥1.2t | CN¥218.1b | CN¥40.5b | 28.6x | 30.2x | 5.6x |
| Mon, 26 Feb 2024 | CN¥1.3t | CN¥220.1b | CN¥40.7b | 27.6x | 31x | 5.7x |
| Wed, 24 Jan 2024 | CN¥1.2t | CN¥221.2b | CN¥39.8b | 29.5x | 30.7x | 5.5x |
| Fri, 22 Dec 2023 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 34.2x | 33.8x | 6.1x |
| Sun, 19 Nov 2023 | CN¥1.3t | CN¥223.3b | CN¥40.9b | 35.3x | 32.8x | 6x |
| Tue, 17 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.7b | 31.9x | 31.1x | 5.7x |
| Thu, 14 Sep 2023 | CN¥1.3t | CN¥229.3b | CN¥43.2b | 30.7x | 29.2x | 5.5x |
| Sat, 12 Aug 2023 | CN¥1.3t | CN¥233.6b | CN¥45.6b | 31.1x | 28.4x | 5.6x |
| Mon, 10 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 33x | 30.9x | 6x |
| Wed, 07 Jun 2023 | CN¥1.4t | CN¥230.7b | CN¥44.5b | 34.2x | 31.6x | 6.1x |
| Fri, 05 May 2023 | CN¥1.4t | CN¥230.8b | CN¥45.3b | 36.9x | 31.9x | 6.3x |
| Sun, 02 Apr 2023 | CN¥1.5t | CN¥253.2b | CN¥62.4b | 35.7x | 23.3x | 5.7x |
| Tue, 28 Feb 2023 | CN¥1.5t | CN¥251.9b | CN¥64.2b | 36.6x | 23.5x | 6x |
| Thu, 26 Jan 2023 | CN¥1.6t | CN¥251.5b | CN¥64.1b | 35.7x | 24.3x | 6.2x |
| Sat, 24 Dec 2022 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 32.2x | 22.6x | 5.8x |
| Mon, 21 Nov 2022 | CN¥1.5t | CN¥250.8b | CN¥64.0b | 36.6x | 24.2x | 6.2x |
| Wed, 19 Oct 2022 | CN¥1.6t | CN¥243.4b | CN¥62.6b | 37x | 25.5x | 6.6x |
| Fri, 16 Sep 2022 | CN¥1.4t | CN¥242.1b | CN¥62.3b | 30.8x | 21.8x | 5.6x |
| Sun, 14 Aug 2022 | CN¥1.3t | CN¥228.1b | CN¥62.0b | 32.6x | 20.4x | 5.5x |
| Tue, 12 Jul 2022 | CN¥1.3t | CN¥226.5b | CN¥61.6b | 31.7x | 21x | 5.7x |
| Thu, 09 Jun 2022 | CN¥1.2t | CN¥225.9b | CN¥61.6b | 30.6x | 20x | 5.4x |
| Sat, 07 May 2022 | CN¥1.2t | CN¥222.9b | CN¥59.9b | 28.8x | 19.8x | 5.3x |
| Mon, 04 Apr 2022 | CN¥1.3t | CN¥198.4b | CN¥52.3b | 32.8x | 24.6x | 6.5x |
| Wed, 02 Mar 2022 | CN¥1.4t | CN¥198.6b | CN¥52.6b | 34.3x | 26x | 6.9x |
| Fri, 28 Jan 2022 | CN¥1.3t | CN¥196.5b | CN¥52.6b | 33.6x | 25.1x | 6.7x |
Price to Earnings Ratio
25.1x
Current Industry PE
- Investors are optimistic on the Chinese Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.2x which is higher than its 3-year average PE of 28.1x.
- The industry is trading close to its 3-year average PS ratio of 5.8x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.3% 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 Chinese Healthcare industry?
| CN Market | 4.24% | |
| Healthcare | 3.20% | |
| Medical Equipment | 2.83% | |
| Medical Supplies | 3.83% | |
| Medical Equipment | 2.44% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 26.3x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings growth of 0.4% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 29.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 0.4% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| 688301 iRay Technology | CN¥108.58 | 11.4% +CN¥1.6b | -40.1% | PE27.5x | |
| 688617 APT Medical | CN¥366.74 | 4.1% +CN¥1.4b | 50.0% | PE54x | |
| 300677 Intco Medical Technology | CN¥26.76 | 8.3% +CN¥1.3b | 25.9% | PE23.2x | |
| 300888 Winner Medical | CN¥41.57 | 5.1% +CN¥1.2b | 20.1% | PS2.9x | |
| 002901 Double Medical Technology | CN¥36.00 | 6.2% +CN¥856.5m | 13.1% | PE73x |
