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German (DAX) Medical Equipment Industry Analysis
UpdatedSep 23, 2024
DataAggregated Company Financials
Companies13
- 7D-2.3%
- 3M-10.5%
- 1Y-1.5%
- YTD-12.2%
Over the last 7 days, the Medical Equipment industry has dropped 2.3%, driven by a pullback from Siemens Healthineers of 2.7%. Meanwhile, Eckert & Ziegler actually outperformed within the industry, gaining 5.4% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 24 Sep 2024 | €61.9b | €30.5b | €2.3b | 24.8x | 27x | 2x |
| Thu, 22 Aug 2024 | €66.0b | €30.5b | €2.3b | 27x | 28.8x | 2.2x |
| Sat, 20 Jul 2024 | €69.7b | €30.2b | €2.3b | 26x | 30.7x | 2.3x |
| Mon, 17 Jun 2024 | €70.7b | €30.2b | €2.3b | 27.7x | 31.2x | 2.3x |
| Wed, 15 May 2024 | €71.1b | €30.2b | €2.3b | 28.2x | 31.4x | 2.4x |
| Fri, 12 Apr 2024 | €72.5b | €30.2b | €2.0b | 25.4x | 36.8x | 2.4x |
| Sun, 10 Mar 2024 | €78.3b | €30.2b | €2.0b | 31.6x | 39.9x | 2.6x |
| Tue, 06 Feb 2024 | €70.8b | €30.1b | €2.0b | 33.3x | 36x | 2.3x |
| Thu, 04 Jan 2024 | €68.9b | €30.1b | €1.9b | 30.3x | 35.7x | 2.3x |
| Sat, 02 Dec 2023 | €69.9b | €30.0b | €1.9b | 29.3x | 35.9x | 2.3x |
| Mon, 30 Oct 2023 | €61.0b | €29.9b | €2.0b | 28.4x | 30.6x | 2x |
| Wed, 27 Sep 2023 | €63.0b | €29.9b | €2.0b | 26.7x | 31.6x | 2.1x |
| Fri, 25 Aug 2023 | €62.1b | €29.9b | €2.0b | 28.9x | 31.1x | 2.1x |
| Sun, 23 Jul 2023 | €69.8b | €29.7b | €1.8b | 31.1x | 38x | 2.3x |
| Tue, 20 Jun 2023 | €72.0b | €29.7b | €1.8b | 32.3x | 39.2x | 2.4x |
| Thu, 18 May 2023 | €72.1b | €29.8b | €2.3b | 29.5x | 31.1x | 2.4x |
| Sat, 15 Apr 2023 | €74.7b | €29.7b | €2.3b | 26x | 32.3x | 2.5x |
| Mon, 13 Mar 2023 | €72.6b | €29.5b | €2.3b | 28.4x | 32.2x | 2.5x |
| Wed, 08 Feb 2023 | €75.4b | €29.5b | €2.2b | 30x | 33.6x | 2.6x |
| Fri, 06 Jan 2023 | €67.4b | €29.5b | €2.3b | 26.4x | 29.4x | 2.3x |
| Sun, 04 Dec 2022 | €73.6b | €29.3b | €2.2b | 28.3x | 32.8x | 2.5x |
| Tue, 01 Nov 2022 | €66.7b | €28.5b | €2.1b | 28.9x | 32.2x | 2.3x |
| Thu, 29 Sep 2022 | €59.6b | €28.6b | €2.2b | 25.7x | 27.6x | 2.1x |
| Sat, 27 Aug 2022 | €98.0b | €32.5b | €2.7b | 30.2x | 36.9x | 3x |
| Mon, 25 Jul 2022 | €99.4b | €32.5b | €2.9b | 30.2x | 34.8x | 3.1x |
| Wed, 22 Jun 2022 | €84.5b | €32.3b | €2.8b | 27.5x | 29.8x | 2.6x |
| Fri, 20 May 2022 | €98.8b | €32.2b | €2.8b | 32x | 35.4x | 3.1x |
| Sun, 17 Apr 2022 | €103.6b | €30.6b | €2.7b | 26.9x | 38.9x | 3.4x |
| Tue, 15 Mar 2022 | €102.6b | €30.7b | €2.7b | 22.2x | 38.4x | 3.3x |
| Thu, 10 Feb 2022 | €111.3b | €30.6b | €2.8b | 26.5x | 39.4x | 3.6x |
| Sat, 08 Jan 2022 | €126.4b | €29.4b | €2.8b | 26.3x | 45.3x | 4.3x |
| Mon, 06 Dec 2021 | €128.6b | €29.3b | €2.8b | 28.3x | 46.1x | 4.4x |
| Wed, 03 Nov 2021 | €128.6b | €28.0b | €2.8b | 27.9x | 46.7x | 4.6x |
| Fri, 01 Oct 2021 | €126.4b | €27.8b | €2.8b | 28.8x | 45.7x | 4.5x |
Price to Earnings Ratio
45.7x
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 27.0x which is lower than its 3-year average PE of 35.3x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 6.0% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.1% 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 German Healthcare industry?
| DE Market | 0.23% | |
| Healthcare | -2.84% | |
| Medical Equipment | -2.30% | |
| Medical Supplies | -0.76% | |
| Medical Equipment | -2.32% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 35.7x.
- Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings decline of 3.6% 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 16% over the next 5 years.
- This is better than its past earnings decline of 3.6% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| EUZ Eckert & Ziegler | €43.48 | 4.1% +€35.9m | 36.1% | PE24x | |
| SBS Stratec | €43.90 | 5.7% +€28.6m | 1.6% | PE36.6x | |
| GME Geratherm Medical | €4.36 | 13.0% +€2.7m | -27.3% | PS1.3x | |
| AAQ1 aap Implantate | €1.16 | 1.8% +€219.6k | 38.9% | PS1.1x |