The Medical Equipment industry is up 2.1% in the last week, with Shenzhen Mindray Bio-Medical Electronics up 3.1%. In the past year, the industry is down 7.2%. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Chinese Medical Equipment Industry valuation changed over the past few years?
Current Industry PE
Investors are pessimistic on the Chinese Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
The industry is trading at a PE ratio of 24.3x which is lower than its 3-year average PE of 33.9x.
The 3-year average PS ratio of 8.1x is higher than the industry's current PS ratio of 6.2x.
Past Earnings Growth
The earnings for companies in the Medical Equipment industry have grown 59% per year over the last three years.
Revenues for these companies have grown 41% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Chinese Healthcare industry?
Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 42.1x.
Analysts are expecting annual earnings growth of 24.9%, which is higher than its past year's earnings growth of 15.2% per year.
Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 26.8x.
Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 26% over the next 5 years.
This is better than its past earnings growth rate of 0.1% 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?