Market Might Still Lack Some Conviction On Optomed Oyj (HEL:OPTOMED) Even After 26% Share Price Boost
May 10
Finnish (OMX) Medical Equipment Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies6
- 7D6.2%
- 3M6.9%
- 1Y-20.5%
- YTDn/a
The Medical Equipment industry is up 2.5% in the last week, with Revenio Group Oyj up 2.5%. However, the industry is down 21% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Finnish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | €962.4m | €140.5m | €2.7m | 27.8x | 361.2x | 6.9x |
| Sun, 07 Apr 2024 | €908.8m | €140.9m | €3.3m | 26.4x | 272.9x | 6.4x |
| Tue, 05 Mar 2024 | €874.6m | €141.0m | €3.4m | 25.6x | 259.5x | 6.2x |
| Thu, 01 Feb 2024 | €888.5m | €138.1m | €3.0m | 32.6x | 297.4x | 6.4x |
| Sat, 30 Dec 2023 | €934.0m | €138.1m | €3.0m | 33.5x | 312.6x | 6.8x |
| Mon, 27 Nov 2023 | €847.2m | €138.1m | €3.0m | 31.9x | 283.5x | 6.1x |
| Wed, 25 Oct 2023 | €743.0m | €139.8m | €3.7m | 27.9x | 203.5x | 5.3x |
| Fri, 22 Sep 2023 | €788.8m | €139.8m | €3.7m | 28.9x | 216.1x | 5.6x |
| Sun, 20 Aug 2023 | €812.7m | €138.4m | €3.1m | 29.4x | 261.2x | 5.9x |
| Tue, 18 Jul 2023 | €1.1b | €144.5m | €9.3m | 38.1x | 113.1x | 7.3x |
| Thu, 15 Jun 2023 | €1.2b | €144.5m | €9.3m | 42.5x | 123.4x | 8x |
| Sat, 13 May 2023 | €1.2b | €144.5m | €9.3m | 43.5x | 126.7x | 8.2x |
| Mon, 10 Apr 2023 | €1.4b | €141.2m | €9.6m | 45.8x | 140.4x | 9.6x |
| Wed, 08 Mar 2023 | €1.2b | €142.4m | €6.7m | 42.9x | 179.4x | 8.5x |
| Fri, 03 Feb 2023 | €1.3b | €139.3m | €8.0m | 48.7x | 168.2x | 9.6x |
| Sun, 01 Jan 2023 | €1.3b | €139.3m | €8.0m | 47.2x | 157.7x | 9x |
| Tue, 29 Nov 2022 | €1.3b | €139.3m | €8.0m | 50.1x | 162.2x | 9.3x |
| Thu, 27 Oct 2022 | €1.3b | €133.5m | €7.1m | 47.1x | 189x | 10.1x |
| Sat, 24 Sep 2022 | €1.2b | €133.5m | €7.1m | 45.4x | 170x | 9.1x |
| Mon, 22 Aug 2022 | €1.5b | €133.5m | €7.1m | 50x | 209.2x | 11.2x |
| Wed, 20 Jul 2022 | €1.5b | €124.7m | €5.9m | 65.7x | 254.1x | 12.1x |
| Fri, 17 Jun 2022 | €1.4b | €124.7m | €5.9m | 59.2x | 234.4x | 11.1x |
| Sun, 15 May 2022 | €1.5b | €124.7m | €5.9m | 64.2x | 253.4x | 12x |
| Tue, 12 Apr 2022 | €1.7b | €111.4m | €10.7m | 72.2x | 156.4x | 15.1x |
| Thu, 10 Mar 2022 | €1.6b | €110.9m | €10.7m | 61.9x | 147.3x | 14.2x |
| Sat, 05 Feb 2022 | €1.8b | €104.5m | €8.7m | 69.2x | 208.2x | 17.3x |
| Mon, 03 Jan 2022 | €2.2b | €104.5m | €8.7m | 83.5x | 252.1x | 20.9x |
| Wed, 01 Dec 2021 | €2.3b | €104.5m | €8.7m | 84.1x | 259.2x | 21.5x |
| Fri, 29 Oct 2021 | €2.5b | €105.1m | €9.2m | 85.6x | 268.9x | 23.6x |
| Sun, 26 Sep 2021 | €1.7b | €101.5m | €7.6m | 94.4x | 227.8x | 17.1x |
| Tue, 24 Aug 2021 | €1.9b | €101.5m | €7.6m | 101x | 245x | 18.4x |
| Wed, 30 Jun 2021 | €1.9b | €101.5m | €7.6m | 105.7x | 255.1x | 19.2x |
Price to Earnings Ratio
329.1x
Current Industry PE
- Investors are optimistic on the Finnish Healthcare Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 355x which is higher than its 3-year average PE of 218x.
- The 3-year average PS ratio of 11.6x is higher than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 Comparison
How does Finnish Medical Equipment compare with similar industries?
| FI Market | 2.10% | |
| Healthcare | 2.21% | |
| Medical Equipment | 6.20% | |
| Medical Equipment | 6.20% | |
| Medical Supplies | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| REG1V Revenio Group Oyj | €27.18 | 5.3% +€36.7m | -23.3% | PE39.1x | |
| OPTOMED Optomed Oyj | €5.36 | 15.8% +€13.0m | 39.8% | PS6.4x | |
| BRETEC Bioretec Oy | €2.71 | 5.9% +€3.1m | 21.0% | n/a | |
| MODU Modulight Oyj | €0.95 | 5.9% +€2.3m | -61.1% | PS6x | |
| NXTMH Nexstim | €2.72 | 4.6% +€811.9k | -26.5% | PS2.1x |