Siemens Healthineers (ETR:SHL) Has A Pretty Healthy Balance Sheet
Dec 20
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German (DAX) Medical Equipment Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies14
- 7D-2.9%
- 3M5.7%
- 1Y-8.5%
- YTD-7.2%
Over the last 7 days, the Medical Equipment industry has dropped 2.9%, driven by Siemens Healthineers declining 2.6%. The industry has fallen 8.5% in the last year. As for the next few years, earnings are expected to grow by 14% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | €65.5b | €30.8b | €2.3b | 25.9x | 28x | 2.1x |
| Mon, 18 Nov 2024 | €64.2b | €30.8b | €2.4b | 25.7x | 27.1x | 2.1x |
| Wed, 16 Oct 2024 | €66.8b | €30.5b | €2.3b | 26.4x | 29.2x | 2.2x |
| Fri, 13 Sep 2024 | €63.9b | €30.5b | €2.3b | 24.5x | 27.9x | 2.1x |
| Sun, 11 Aug 2024 | €64.8b | €30.5b | €2.3b | 25.6x | 28.6x | 2.1x |
| Tue, 09 Jul 2024 | €68.7b | €30.2b | €2.3b | 25.9x | 30.2x | 2.3x |
| Thu, 06 Jun 2024 | €71.9b | €30.2b | €2.3b | 28.8x | 31.7x | 2.4x |
| Sat, 04 May 2024 | €69.8b | €30.2b | €2.0b | 26.1x | 35.6x | 2.3x |
| Mon, 01 Apr 2024 | €76.8b | €30.2b | €2.0b | 26.3x | 38.9x | 2.5x |
| Wed, 28 Feb 2024 | €75.3b | €30.2b | €1.9b | 32.8x | 38.7x | 2.5x |
| Fri, 26 Jan 2024 | €69.3b | €30.1b | €1.9b | 31.4x | 35.9x | 2.3x |
| Sun, 24 Dec 2023 | €71.4b | €30.1b | €1.9b | 30.8x | 37x | 2.4x |
| Tue, 21 Nov 2023 | €67.0b | €30.0b | €1.9b | 30.6x | 34.4x | 2.2x |
| Thu, 19 Oct 2023 | €67.5b | €29.9b | €2.0b | 25.9x | 33.8x | 2.3x |
| Sat, 16 Sep 2023 | €61.2b | €29.9b | €2.0b | 26.9x | 30.6x | 2x |
| Mon, 14 Aug 2023 | €64.4b | €29.9b | €2.0b | 29.7x | 32.2x | 2.1x |
| Wed, 12 Jul 2023 | €68.2b | €29.7b | €1.8b | 32.5x | 37.1x | 2.3x |
| Fri, 09 Jun 2023 | €71.8b | €29.7b | €1.8b | 32.2x | 39.1x | 2.4x |
| Sun, 07 May 2023 | €78.4b | €29.8b | €2.3b | 32.1x | 33.4x | 2.6x |
| Tue, 04 Apr 2023 | €74.2b | €29.7b | €2.3b | 26.1x | 31.9x | 2.5x |
| Thu, 02 Mar 2023 | €70.0b | €29.5b | €2.3b | 27.4x | 31x | 2.4x |
| Sat, 28 Jan 2023 | €70.5b | €29.5b | €2.3b | 26.8x | 30.8x | 2.4x |
| Mon, 26 Dec 2022 | €65.1b | €29.5b | €2.3b | 26.4x | 28.5x | 2.2x |
| Wed, 23 Nov 2022 | €73.8b | €28.5b | €2.1b | 34x | 35.6x | 2.6x |
| Fri, 21 Oct 2022 | €66.1b | €28.5b | €2.1b | 28.2x | 31x | 2.3x |
| Sun, 18 Sep 2022 | €63.9b | €28.6b | €2.2b | 27.2x | 29.5x | 2.2x |
| Tue, 16 Aug 2022 | €103.1b | €32.5b | €2.7b | 34.9x | 38.9x | 3.2x |
| Thu, 14 Jul 2022 | €94.4b | €32.3b | €2.8b | 27.8x | 33.7x | 2.9x |
| Sat, 11 Jun 2022 | €98.0b | €32.3b | €2.8b | 30.5x | 34.7x | 3x |
| Mon, 09 May 2022 | €93.0b | €32.2b | €2.8b | 30.2x | 33.2x | 2.9x |
| Wed, 06 Apr 2022 | €107.7b | €30.7b | €2.7b | 23x | 40.5x | 3.5x |
| Fri, 04 Mar 2022 | €105.4b | €30.9b | €2.8b | 23.1x | 38.2x | 3.4x |
| Sun, 30 Jan 2022 | €113.2b | €29.4b | €2.8b | 26x | 40.5x | 3.8x |
| Tue, 28 Dec 2021 | €132.7b | €29.4b | €2.8b | 26.5x | 47.5x | 4.5x |
Price to Earnings Ratio
47.5x
Current Industry PE
- Investors are pessimistic on the German 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 28.0x which is lower than its 3-year average PE of 33.9x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 5.7% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 German Healthcare industry?
| DE Market | -2.58% | |
| Healthcare | -2.96% | |
| Medical Equipment | -2.88% | |
| Medical Supplies | 2.19% | |
| Medical Equipment | -2.94% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 34.2x.
- Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings decline of 3.3% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 25.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| PHH2 Paul Hartmann | €222.00 | 2.8% +€21.3m | 10.4% | PE13.2x | |
| AAQ1 aap Implantate | €1.42 | 10.9% +€1.5m | 83.2% | PS1.3x |