Paul Hartmann (FRA:PHH2) Has A Somewhat Strained Balance Sheet
Nov 16
German (DAX) Medical Equipment Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies16
- 7D2.3%
- 3M12.5%
- 1Y-4.9%
- YTD6.4%
In the last week, the Medical Equipment industry is up 2.3%, with Siemens Healthineers up 3.3%. However, the industry is down 4.9% over the past year. Earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the German Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | €69.9b | €30.0b | €1.9b | 29.3x | 35.9x | 2.3x |
| Tue, 31 Oct 2023 | €61.1b | €29.9b | €2.0b | 28.5x | 30.7x | 2x |
| Thu, 28 Sep 2023 | €63.0b | €29.9b | €2.0b | 26.3x | 31.5x | 2.1x |
| Sat, 26 Aug 2023 | €61.7b | €29.9b | €2.0b | 28.8x | 30.9x | 2.1x |
| Mon, 24 Jul 2023 | €69.8b | €29.7b | €1.8b | 31.1x | 38x | 2.3x |
| Wed, 21 Jun 2023 | €70.1b | €29.7b | €1.8b | 31.5x | 38.2x | 2.4x |
| Fri, 19 May 2023 | €72.8b | €29.8b | €2.3b | 29.8x | 31.4x | 2.4x |
| Sun, 16 Apr 2023 | €74.7b | €29.7b | €2.3b | 26x | 32.3x | 2.5x |
| Tue, 14 Mar 2023 | €70.7b | €29.5b | €2.3b | 27.5x | 31.3x | 2.4x |
| Thu, 09 Feb 2023 | €76.4b | €29.5b | €2.2b | 30.4x | 34x | 2.6x |
| Sat, 07 Jan 2023 | €67.2b | €29.5b | €2.3b | 26.4x | 29.4x | 2.3x |
| Mon, 05 Dec 2022 | €73.6b | €29.3b | €2.2b | 28.3x | 32.8x | 2.5x |
| Wed, 02 Nov 2022 | €67.6b | €28.5b | €2.1b | 29.1x | 32.6x | 2.4x |
| Fri, 30 Sep 2022 | €59.6b | €28.5b | €2.1b | 25.6x | 27.9x | 2.1x |
| Sun, 28 Aug 2022 | €98.0b | €32.5b | €2.7b | 30.2x | 36.9x | 3x |
| Tue, 26 Jul 2022 | €96.7b | €32.5b | €2.9b | 29.6x | 33.8x | 3x |
| Thu, 23 Jun 2022 | €84.7b | €32.3b | €2.8b | 27.5x | 29.9x | 2.6x |
| Sat, 21 May 2022 | €99.2b | €32.2b | €2.8b | 32.1x | 35.5x | 3.1x |
| Mon, 18 Apr 2022 | €103.6b | €30.6b | €2.7b | 26.9x | 38.9x | 3.4x |
| Wed, 16 Mar 2022 | €101.8b | €30.7b | €2.7b | 22.2x | 38.1x | 3.3x |
| Fri, 11 Feb 2022 | €110.3b | €30.6b | €2.8b | 26.1x | 39x | 3.6x |
| Sun, 09 Jan 2022 | €126.4b | €29.4b | €2.8b | 26.3x | 45.2x | 4.3x |
| Tue, 07 Dec 2021 | €127.3b | €29.3b | €2.8b | 28.4x | 45.6x | 4.3x |
| Thu, 04 Nov 2021 | €128.6b | €28.0b | €2.8b | 27.9x | 46.7x | 4.6x |
| Sat, 02 Oct 2021 | €121.3b | €27.8b | €2.8b | 28.8x | 43.9x | 4.4x |
| Mon, 30 Aug 2021 | €134.2b | €27.7b | €2.7b | 39.4x | 49x | 4.8x |
| Tue, 06 Jul 2021 | €108.7b | €27.7b | €2.7b | 33x | 39.7x | 3.9x |
| Fri, 09 Apr 2021 | €96.5b | €25.5b | €2.5b | 33x | 39.2x | 3.8x |
| Thu, 31 Dec 2020 | €83.5b | €24.8b | €2.3b | 26.4x | 36.9x | 3.4x |
Price to Earnings Ratio
40.1x
Current Industry PE
- Investors are relatively neutral on the German 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 37.4x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.8% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the German Healthcare industry?
| DE Market | 1.41% | |
| Healthcare | 0.22% | |
| Medical Equipment | 2.35% | |
| Medical Equipment | 2.37% | |
| Medical Supplies | 0.51% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 38.1x.
- Analysts are expecting annual earnings growth of 17.6%, which is higher than its past year's earnings growth of 12.2% per year.
- Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 21.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 12% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| SHL Siemens Healthineers | €53.16 | 3.3% +€1.7b | 3.1% | PE39.3x | |
| PHH2 Paul Hartmann | €196.00 | 0.5% +€3.6m | -14.8% | PE29.9x | |
| PUS PULSION Medical Systems | €17.50 | 0.6% +€824.5k | -7.9% | PE20.1x | |
| E8X elexxion | €0.25 | 0.8% +€19.8k | 26.0% | PS5.6x |