A Look At The Intrinsic Value Of Shanghai United Imaging Healthcare Co., Ltd. (SHSE:688271)
Jun 21
Chinese (SSE) Medical Equipment Industry Analysis
UpdatedJun 22, 2024
DataAggregated Company Financials
Companies102
- 7D-1.9%
- 3M-6.8%
- 1Y-15.7%
- YTD-13.5%
Over the last 7 days, the Medical Equipment industry has dropped 1.9%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 2.7%. Overall the industry is down 16% in 12 months. Looking forward, earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Jun 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 27.9x | 32.4x | 5.6x |
| Mon, 20 May 2024 | CN¥1.3t | CN¥213.2b | CN¥36.6b | 30.9x | 35.4x | 6.1x |
| Wed, 17 Apr 2024 | CN¥1.2t | CN¥213.8b | CN¥40.0b | 26.8x | 30x | 5.6x |
| Fri, 15 Mar 2024 | CN¥1.3t | CN¥218.2b | CN¥40.5b | 30.4x | 31.9x | 5.9x |
| Sun, 11 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 26x | 30.8x | 5.7x |
| Tue, 09 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 32.9x | 32.8x | 5.9x |
| Thu, 07 Dec 2023 | CN¥1.4t | CN¥223.3b | CN¥40.9b | 36.3x | 33.3x | 6.1x |
| Sat, 04 Nov 2023 | CN¥1.3t | CN¥223.3b | CN¥40.9b | 33.7x | 32.1x | 5.9x |
| Mon, 02 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.7x | 30.8x | 5.7x |
| Wed, 30 Aug 2023 | CN¥1.3t | CN¥231.0b | CN¥44.4b | 30.4x | 28.4x | 5.5x |
| Fri, 28 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 32.8x | 31.2x | 6x |
| Sun, 25 Jun 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.1x | 31.1x | 6x |
| Tue, 23 May 2023 | CN¥1.4t | CN¥230.0b | CN¥44.3b | 36.3x | 32.6x | 6.3x |
| Thu, 20 Apr 2023 | CN¥1.5t | CN¥252.4b | CN¥62.9b | 36.3x | 23.4x | 5.8x |
| Sat, 18 Mar 2023 | CN¥1.4t | CN¥253.2b | CN¥63.0b | 36.1x | 22.6x | 5.6x |
| Mon, 13 Feb 2023 | CN¥1.6t | CN¥251.6b | CN¥64.1b | 36.4x | 24.3x | 6.2x |
| Wed, 11 Jan 2023 | CN¥1.5t | CN¥251.5b | CN¥64.1b | 34.7x | 23.5x | 6x |
| Fri, 09 Dec 2022 | CN¥1.5t | CN¥251.2b | CN¥64.1b | 35.3x | 23.4x | 6x |
| Sun, 06 Nov 2022 | CN¥1.6t | CN¥248.9b | CN¥63.3b | 36.3x | 24.8x | 6.3x |
| Tue, 04 Oct 2022 | CN¥1.4t | CN¥242.1b | CN¥62.3b | 30.4x | 22x | 5.7x |
| Thu, 01 Sep 2022 | CN¥1.4t | CN¥228.0b | CN¥59.6b | 30x | 22.9x | 6x |
| Sat, 30 Jul 2022 | CN¥1.2t | CN¥227.2b | CN¥61.7b | 31.9x | 19.8x | 5.4x |
| Mon, 27 Jun 2022 | CN¥1.3t | CN¥226.0b | CN¥61.6b | 32x | 20.7x | 5.6x |
| Wed, 25 May 2022 | CN¥1.1t | CN¥223.0b | CN¥60.0b | 28.2x | 19.1x | 5.1x |
| Fri, 22 Apr 2022 | CN¥1.2t | CN¥202.1b | CN¥52.0b | 29.3x | 22.6x | 5.8x |
| Sun, 20 Mar 2022 | CN¥1.3t | CN¥198.8b | CN¥52.7b | 33.4x | 25x | 6.6x |
| Tue, 15 Feb 2022 | CN¥1.3t | CN¥197.3b | CN¥52.7b | 34.2x | 24.4x | 6.5x |
| Thu, 13 Jan 2022 | CN¥1.5t | CN¥196.1b | CN¥52.5b | 40.4x | 29.1x | 7.8x |
| Sat, 11 Dec 2021 | CN¥1.5t | CN¥193.3b | CN¥51.5b | 40x | 28.6x | 7.6x |
| Mon, 08 Nov 2021 | CN¥1.4t | CN¥189.4b | CN¥50.0b | 35.5x | 28.2x | 7.5x |
| Wed, 06 Oct 2021 | CN¥1.5t | CN¥194.4b | CN¥56.4b | 41x | 25.8x | 7.5x |
| Fri, 03 Sep 2021 | CN¥1.4t | CN¥193.8b | CN¥55.2b | 39.3x | 24.9x | 7.1x |
| Sun, 01 Aug 2021 | CN¥1.6t | CN¥193.8b | CN¥55.2b | 43.8x | 28.6x | 8.2x |
Price to Earnings Ratio
33.2x
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 32.4x which is higher than its 3-year average PE of 27.2x.
- The 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 5.6x.
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 | -1.90% | |
| Healthcare | -2.66% | |
| Medical Equipment | -1.90% | |
| Medical Equipment | -1.83% | |
| Medical Supplies | -2.14% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 22.3x.
- Analysts are expecting annual earnings growth of 22.6%, which is higher than its past year's earnings growth of 4.9% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 32.4x.
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 4.9% 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¥117.08 | 3.6% +CN¥3.3b | -12.5% | PE47.8x | |
| 688575 Shenzhen YHLO Biotech | CN¥23.89 | 5.1% +CN¥654.7m | 31.1% | PE40x | |
| 300677 Intco Medical Technology | CN¥26.04 | 4.0% +CN¥654.4m | 21.4% | PE21.8x | |
| 301363 MeHow Innovative | CN¥28.17 | 4.7% +CN¥516.5m | -37.0% | PE43.6x | |
| 688626 Xiangyu MedicalLtd | CN¥35.60 | 6.1% +CN¥323.6m | -14.6% | PE24.5x |
