Is Eckert & Ziegler Strahlen- und Medizintechnik AG (ETR:EUZ) Potentially Undervalued?
Mar 20
German (DAX) Medical Equipment Industry Analysis
UpdatedMar 22, 2023
DataAggregated Company Financials
Companies14
- 7D-0.1%
- 3M9.3%
- 1Y-11.8%
- YTD8.9%
The Medical Equipment industry has been flat over the last week, but Carl Zeiss Meditec has lost 3.4%. As for the longer term, the industry has declined 12% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 Mar 2023 | €71.8b | €29.6b | €2.3b | 28x | 30.6x | 2.4x |
| Fri, 17 Feb 2023 | €72.8b | €29.5b | €2.3b | 28.2x | 32.3x | 2.5x |
| Sun, 15 Jan 2023 | €71.6b | €29.5b | €2.3b | 27.4x | 31.3x | 2.4x |
| Tue, 13 Dec 2022 | €71.6b | €29.5b | €2.3b | 27.6x | 31.3x | 2.4x |
| Thu, 10 Nov 2022 | €73.2b | €28.5b | €2.1b | 32.7x | 35.3x | 2.6x |
| Sat, 08 Oct 2022 | €63.8b | €28.5b | €2.1b | 27x | 29.8x | 2.2x |
| Mon, 05 Sep 2022 | €69.8b | €28.6b | €2.2b | 29.4x | 32.3x | 2.4x |
| Wed, 03 Aug 2022 | €100.6b | €32.3b | €2.8b | 29.3x | 36.6x | 3.1x |
| Fri, 01 Jul 2022 | €91.1b | €32.3b | €2.8b | 27.7x | 32.2x | 2.8x |
| Sun, 29 May 2022 | €103.0b | €32.2b | €2.8b | 32.4x | 36.9x | 3.2x |
| Tue, 26 Apr 2022 | €99.5b | €30.6b | €2.7b | 26.9x | 37.4x | 3.2x |
| Thu, 24 Mar 2022 | €105.4b | €30.7b | €2.7b | 21.7x | 39.5x | 3.4x |
| Sat, 19 Feb 2022 | €101.7b | €30.9b | €2.8b | 25.2x | 36.8x | 3.3x |
| Mon, 17 Jan 2022 | €114.9b | €29.4b | €2.8b | 26.1x | 41.1x | 3.9x |
| Wed, 15 Dec 2021 | €130.9b | €29.4b | €2.8b | 27.2x | 46.9x | 4.5x |
| Fri, 12 Nov 2021 | €126.4b | €29.3b | €2.8b | 29.6x | 45.3x | 4.3x |
| Sun, 10 Oct 2021 | €120.3b | €27.8b | €2.8b | 28.4x | 43.5x | 4.3x |
| Tue, 07 Sep 2021 | €140.2b | €27.7b | €2.7b | 39.3x | 51.2x | 5.1x |
| Thu, 05 Aug 2021 | €129.2b | €27.7b | €2.7b | 30.9x | 47.2x | 4.7x |
| Sun, 09 May 2021 | €102.7b | €25.5b | €2.5b | 33.9x | 41.7x | 4x |
| Wed, 10 Feb 2021 | €93.7b | €24.8b | €2.3b | 27.6x | 41.4x | 3.8x |
| Tue, 03 Nov 2020 | €78.0b | €24.0b | €2.0b | 35x | 38.5x | 3.2x |
| Fri, 07 Aug 2020 | €76.8b | €23.9b | €2.0b | 46.5x | 39.2x | 3.2x |
| Thu, 30 Apr 2020 | €70.1b | €24.0b | €2.0b | 45.5x | 34.9x | 2.9x |
Price to Earnings Ratio
31.5x
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 30.6x which is lower than its 3-year average PE of 38.2x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 7.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the German Healthcare industry?
| DE Market | -0.66% | |
| Healthcare | -0.67% | |
| Medical Equipment | -0.11% | |
| Medical Supplies | 0.93% | |
| Medical Equipment | -0.12% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 39.1x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 24.9% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 13.4x.
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 25% 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 | |
|---|---|---|---|---|---|
| SHL Siemens Healthineers | €50.32 | 2.8% +€1.5b | -9.1% | PE28.3x | |
| EUZ Eckert & Ziegler Strahlen- und Medizintechnik | €56.55 | 3.9% +€43.6m | -5.2% | PE41x | |
| PHH2 Paul Hartmann | €217.00 | 0.9% +€7.1m | -31.3% | PE13.8x | |
| AAQ1 aap Implantate | €1.66 | 20.3% +€1.7m | -39.0% | PS0.8x |
