Shinva Medical Instrument Co.,Ltd.'s (SHSE:600587) Business And Shares Still Trailing The Market
Jul 18
Chinese (SSE) Medical Equipment Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies103
- 7D-4.2%
- 3M-11.5%
- 1Y-22.1%
- YTD-19.9%
Over the last 7 days, the Medical Equipment industry has dropped 4.2%, driven by Shenzhen Mindray Bio-Medical Electronics declining 6.1%. However, the industry is down 22% over the past year. As for the next few years, earnings are expected to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥1.1t | CN¥214.2b | CN¥36.8b | 26x | 30.1x | 5.2x |
| Sun, 23 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 27.9x | 32.4x | 5.6x |
| Tue, 21 May 2024 | CN¥1.3t | CN¥213.2b | CN¥36.6b | 30.9x | 35.4x | 6.1x |
| Thu, 18 Apr 2024 | CN¥1.2t | CN¥213.8b | CN¥40.0b | 28.4x | 29.4x | 5.5x |
| Sat, 16 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 30.3x | 31.9x | 5.9x |
| Mon, 12 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 26x | 30.8x | 5.7x |
| Wed, 10 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 33.1x | 33.1x | 6x |
| Fri, 08 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 35.3x | 33.2x | 6.1x |
| Sun, 05 Nov 2023 | CN¥1.3t | CN¥223.2b | CN¥40.9b | 33.7x | 32.1x | 5.9x |
| Tue, 03 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Thu, 31 Aug 2023 | CN¥1.3t | CN¥231.8b | CN¥43.9b | 31x | 28.8x | 5.5x |
| Sat, 29 Jul 2023 | CN¥1.4t | CN¥231.6b | CN¥44.6b | 33.3x | 31.4x | 6x |
| Mon, 26 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.1x | 31.1x | 6x |
| Wed, 24 May 2023 | CN¥1.4t | CN¥230.0b | CN¥44.3b | 36.5x | 32.6x | 6.3x |
| Fri, 21 Apr 2023 | CN¥1.4t | CN¥254.0b | CN¥62.9b | 37.4x | 23x | 5.7x |
| Sun, 19 Mar 2023 | CN¥1.4t | CN¥253.2b | CN¥62.9b | 36.8x | 22.6x | 5.6x |
| Tue, 14 Feb 2023 | CN¥1.6t | CN¥251.6b | CN¥64.1b | 36.7x | 24.4x | 6.2x |
| Thu, 12 Jan 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 34.6x | 23.3x | 5.9x |
| Sat, 10 Dec 2022 | CN¥1.5t | CN¥251.2b | CN¥64.1b | 35.3x | 23.5x | 6x |
| Mon, 07 Nov 2022 | CN¥1.6t | CN¥248.9b | CN¥63.3b | 36.3x | 24.8x | 6.3x |
| Wed, 05 Oct 2022 | CN¥1.4t | CN¥242.1b | CN¥62.3b | 30.4x | 22x | 5.7x |
| Fri, 02 Sep 2022 | CN¥1.4t | CN¥228.0b | CN¥59.6b | 30.4x | 22.8x | 6x |
| Sun, 31 Jul 2022 | CN¥1.2t | CN¥227.2b | CN¥61.7b | 31.9x | 19.8x | 5.4x |
| Tue, 28 Jun 2022 | CN¥1.3t | CN¥226.0b | CN¥61.6b | 32.3x | 20.9x | 5.7x |
| Thu, 26 May 2022 | CN¥1.2t | CN¥225.9b | CN¥61.6b | 28.6x | 18.8x | 5.1x |
| Sat, 23 Apr 2022 | CN¥1.2t | CN¥202.1b | CN¥52.0b | 28.8x | 22.7x | 5.8x |
| Mon, 21 Mar 2022 | CN¥1.3t | CN¥198.9b | CN¥52.6b | 33.4x | 25x | 6.6x |
| Wed, 16 Feb 2022 | CN¥1.3t | CN¥197.3b | CN¥52.7b | 34.6x | 25.2x | 6.7x |
| Fri, 14 Jan 2022 | CN¥1.5t | CN¥196.1b | CN¥52.5b | 40x | 28.7x | 7.7x |
| Sun, 12 Dec 2021 | CN¥1.5t | CN¥193.3b | CN¥51.5b | 40x | 28.6x | 7.6x |
| Tue, 09 Nov 2021 | CN¥1.4t | CN¥189.4b | CN¥50.0b | 35.5x | 27.3x | 7.2x |
| Thu, 07 Oct 2021 | CN¥1.5t | CN¥194.4b | CN¥56.4b | 41x | 25.8x | 7.5x |
| Sat, 04 Sep 2021 | CN¥1.4t | CN¥193.8b | CN¥55.2b | 39.3x | 24.9x | 7.1x |
| Mon, 02 Aug 2021 | CN¥1.6t | CN¥193.8b | CN¥55.2b | 44.3x | 29.1x | 8.3x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are relatively neutral on the Chinese Medical 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 PE ratio of 27.1x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 5.2x.
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 3.4% 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 | -3.39% | |
| Healthcare | -3.88% | |
| Medical Equipment | -4.22% | |
| Medical Supplies | -4.06% | |
| Medical Equipment | -4.27% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 22.7x.
- Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings growth of 5.3% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 31.7x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 5.3% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| 688271 Shanghai United Imaging Healthcare | CN¥116.25 | 2.9% +CN¥2.7b | -20.1% | PE47.4x | |
| 300061 QITIAN Technology Group | CN¥5.04 | 22.6% +CN¥612.9m | -22.5% | PS3.5x | |
| 600587 Shinva Medical InstrumentLtd | CN¥17.20 | 4.0% +CN¥400.4m | -27.4% | PE15.6x | |
| 688289 Sansure Biotech | CN¥19.07 | 1.4% +CN¥147.8m | 5.2% | PE28.2x | |
| 301367 BMC Medical | CN¥69.00 | 2.4% +CN¥145.2m | -35.5% | PE32.2x |
