Zhonghong Pulin Medical Products Co., Ltd.'s (SZSE:300981) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Nov 19
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Chinese (SSE) Medical Equipment Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies104
- 7D-2.4%
- 3M20.3%
- 1Y-5.5%
- YTD-7.6%
Over the last 7 days, the Medical Equipment industry has dropped 2.4%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 4.1%. However, the industry is down 5.5% over the past year. Earnings are forecast to grow by 27% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥1.3t | CN¥216.8b | CN¥34.5b | 37.3x | 37.1x | 5.9x |
| Sat, 19 Oct 2024 | CN¥1.2t | CN¥213.6b | CN¥36.4b | 31.9x | 33.2x | 5.7x |
| Mon, 16 Sep 2024 | CN¥1.0t | CN¥213.7b | CN¥36.4b | 26.1x | 28.2x | 4.8x |
| Wed, 14 Aug 2024 | CN¥1.1t | CN¥214.7b | CN¥37.1b | 27.5x | 30.1x | 5.2x |
| Fri, 12 Jul 2024 | CN¥1.1t | CN¥214.2b | CN¥36.8b | 27.2x | 30.9x | 5.3x |
| Sun, 09 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 27.9x | 33.3x | 5.7x |
| Tue, 07 May 2024 | CN¥1.3t | CN¥215.4b | CN¥36.7b | 31.4x | 36x | 6.1x |
| Thu, 04 Apr 2024 | CN¥1.2t | CN¥213.4b | CN¥40.0b | 30x | 30.8x | 5.8x |
| Sat, 02 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 28.8x | 31.6x | 5.9x |
| Mon, 29 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 30.3x | 31.4x | 5.7x |
| Wed, 27 Dec 2023 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 32.9x | 33.2x | 6x |
| Fri, 24 Nov 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 36.5x | 33.1x | 6.1x |
| Sun, 22 Oct 2023 | CN¥1.2t | CN¥227.0b | CN¥41.8b | 29.4x | 29.3x | 5.4x |
| Tue, 19 Sep 2023 | CN¥1.3t | CN¥229.3b | CN¥43.2b | 30.9x | 30x | 5.7x |
| Thu, 17 Aug 2023 | CN¥1.3t | CN¥231.8b | CN¥45.3b | 31.8x | 28.8x | 5.6x |
| Sat, 15 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 32.4x | 30.9x | 6x |
| Mon, 12 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.1x | 31.6x | 6.1x |
| Wed, 10 May 2023 | CN¥1.4t | CN¥231.3b | CN¥44.8b | 34.5x | 30.9x | 6x |
| Fri, 07 Apr 2023 | CN¥1.5t | CN¥253.4b | CN¥62.5b | 35.8x | 23.2x | 5.7x |
| Sun, 05 Mar 2023 | CN¥1.5t | CN¥253.2b | CN¥63.0b | 35.7x | 23.6x | 5.9x |
| Tue, 31 Jan 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 35.6x | 24.2x | 6.2x |
| Thu, 29 Dec 2022 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 32.1x | 22.7x | 5.8x |
| Sat, 26 Nov 2022 | CN¥1.5t | CN¥250.8b | CN¥64.0b | 34x | 23.5x | 6x |
| Mon, 24 Oct 2022 | CN¥1.6t | CN¥244.3b | CN¥62.6b | 36.3x | 25.5x | 6.5x |
| Wed, 21 Sep 2022 | CN¥1.3t | CN¥242.1b | CN¥62.3b | 29x | 20.9x | 5.4x |
| Fri, 19 Aug 2022 | CN¥1.2t | CN¥228.4b | CN¥62.1b | 32.6x | 20x | 5.4x |
| Sun, 17 Jul 2022 | CN¥1.3t | CN¥226.5b | CN¥61.6b | 30.6x | 20.4x | 5.5x |
| Tue, 14 Jun 2022 | CN¥1.2t | CN¥226.0b | CN¥61.6b | 30.1x | 19.6x | 5.3x |
| Thu, 12 May 2022 | CN¥1.2t | CN¥223.0b | CN¥60.0b | 29.2x | 19.9x | 5.4x |
| Sat, 09 Apr 2022 | CN¥1.3t | CN¥198.8b | CN¥52.4b | 31.4x | 23.9x | 6.3x |
| Mon, 07 Mar 2022 | CN¥1.4t | CN¥198.5b | CN¥52.6b | 34.3x | 25.7x | 6.8x |
| Wed, 02 Feb 2022 | CN¥1.3t | CN¥197.3b | CN¥52.7b | 34x | 25.2x | 6.7x |
| Fri, 31 Dec 2021 | CN¥1.5t | CN¥195.9b | CN¥52.3b | 41.4x | 29.6x | 7.9x |
| Sun, 28 Nov 2021 | CN¥1.4t | CN¥190.8b | CN¥50.6b | 40.8x | 28.6x | 7.6x |
Price to Earnings Ratio
28.6x
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 37.1x which is higher than its 3-year average PE of 27.7x.
- The industry is trading close to its 3-year average PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.3% 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 | -3.39% | |
| Healthcare | -2.41% | |
| Medical Equipment | -2.43% | |
| Medical Supplies | -1.99% | |
| Medical Equipment | -2.60% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings growth of 0.4% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 30.4x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| 688617 APT Medical | CN¥365.03 | 7.7% +CN¥2.5b | 53.0% | PE53.7x | |
| 300888 Winner Medical | CN¥35.21 | 9.7% +CN¥1.8b | -11.9% | PS2.5x | |
| 300981 Zhonghong Pulin Medical Products | CN¥15.66 | 18.2% +CN¥936.5m | -6.1% | PS2.6x | |
| 002950 Allmed Medical ProductsLtd | CN¥9.56 | 13.7% +CN¥713.9m | -6.8% | PE26.4x | |
| 301101 Mingyue Optical LensLtd | CN¥33.76 | 11.5% +CN¥698.5m | -10.1% | PE39.4x |
