Returns On Capital Are Showing Encouraging Signs At S.M.A.I.O (EPA:ALSMA)
Jul 20
French (CAC) Medical Equipment Industry Analysis
UpdatedJul 31, 2024
DataAggregated Company Financials
Companies19
- 7D7.1%
- 3M4.7%
- 1Y16.7%
- YTD14.4%
The Medical Equipment industry is up 7.1% in the last week, with EssilorLuxottica Société anonyme up 7.7%. In the same time, Guerbet was down 6.2%. In the last 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the French Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 Jul 2024 | €109.1b | €30.6b | €2.6b | 26.7x | 41.9x | 3.6x |
| Fri, 28 Jun 2024 | €104.0b | €30.2b | €2.6b | 24.2x | 40x | 3.4x |
| Sun, 26 May 2024 | €106.3b | €30.2b | €2.6b | 25.6x | 41x | 3.5x |
| Tue, 23 Apr 2024 | €104.5b | €30.2b | €2.6b | 32.9x | 40.5x | 3.5x |
| Thu, 21 Mar 2024 | €107.5b | €30.2b | €2.5b | 32.6x | 42.7x | 3.6x |
| Sat, 17 Feb 2024 | €97.9b | €30.2b | €2.5b | 31.8x | 38.4x | 3.2x |
| Mon, 15 Jan 2024 | €95.8b | €30.2b | €2.6b | 33.1x | 36.9x | 3.2x |
| Wed, 13 Dec 2023 | €95.0b | €30.2b | €2.6b | 32.6x | 36.6x | 3.1x |
| Fri, 10 Nov 2023 | €91.0b | €30.2b | €2.6b | 31.2x | 35.1x | 3x |
| Sun, 08 Oct 2023 | €85.9b | €30.2b | €2.6b | 28.2x | 33.1x | 2.8x |
| Tue, 05 Sep 2023 | €91.9b | €30.3b | €2.6b | 18.2x | 35.5x | 3x |
| Thu, 03 Aug 2023 | €92.1b | €30.2b | €2.7b | 15.8x | 34.7x | 3.1x |
| Sat, 01 Jul 2023 | €89.5b | €29.3b | €2.5b | 30.4x | 36.3x | 3.1x |
| Mon, 29 May 2023 | €91.3b | €29.3b | €2.5b | 30.8x | 37x | 3.1x |
| Wed, 26 Apr 2023 | €94.8b | €29.3b | €2.5b | 31.6x | 38.5x | 3.2x |
| Fri, 24 Mar 2023 | €85.5b | €29.4b | €2.6b | 26.2x | 33.3x | 2.9x |
| Sun, 19 Feb 2023 | €90.3b | €27.8b | €2.3b | 20.5x | 39.4x | 3.2x |
| Tue, 17 Jan 2023 | €90.6b | €27.8b | €2.3b | 21.6x | 39.4x | 3.3x |
| Thu, 15 Dec 2022 | €95.0b | €27.8b | €2.3b | 33.8x | 41.5x | 3.4x |
| Sat, 12 Nov 2022 | €88.4b | €27.8b | €2.3b | 21.9x | 38.7x | 3.2x |
| Mon, 10 Oct 2022 | €77.2b | €27.9b | €2.3b | 17.6x | 33.3x | 2.8x |
| Wed, 07 Sep 2022 | €11.7b | €4.9b | €641.3m | 13.5x | 18.2x | 2.4x |
| Fri, 05 Aug 2022 | €13.7b | €4.8b | €689.6m | 7.8x | 19.9x | 2.9x |
| Sun, 03 Jul 2022 | €12.3b | €4.8b | €674.9m | 8.3x | 18.2x | 2.6x |
| Tue, 31 May 2022 | €12.8b | €4.8b | €672.1m | 14.7x | 19x | 2.7x |
| Thu, 28 Apr 2022 | €12.0b | €4.9b | €628.5m | 13.5x | 19x | 2.4x |
| Sat, 26 Mar 2022 | €12.6b | €4.6b | €551.3m | 10.1x | 22.8x | 2.7x |
| Mon, 21 Feb 2022 | €13.2b | €4.5b | €455.5m | 12.5x | 29x | 3x |
| Wed, 19 Jan 2022 | €13.4b | €4.5b | €473.7m | 13.6x | 28.4x | 3x |
| Fri, 17 Dec 2021 | €16.5b | €4.5b | €475.9m | 14.2x | 34.7x | 3.7x |
| Sun, 14 Nov 2021 | €14.5b | €4.5b | €475.9m | 14.2x | 30.4x | 3.2x |
| Tue, 12 Oct 2021 | €13.3b | €4.5b | €474.5m | 11.1x | 28.1x | 3x |
| Thu, 09 Sep 2021 | €14.7b | €4.4b | €470.3m | 16.4x | 31.3x | 3.3x |
| Sat, 07 Aug 2021 | €13.5b | €4.4b | €462.4m | 14.3x | 29.2x | 3x |
Price to Earnings Ratio
29.2x
Current Industry PE
- Investors are optimistic on the French Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 41.9x which is higher than its 3-year average PE of 32.5x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 78% per year over the last three years.
- Revenues for these companies have grown 90% 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 French Healthcare industry?
| FR Market | -1.52% | |
| Healthcare | 4.79% | |
| Medical Equipment | 7.12% | |
| Medical Supplies | 7.61% | |
| Medical Equipment | 3.34% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 40.6x.
- Analysts are expecting annual earnings growth of 14.3%, which is higher than its past year's earnings decline of 2.0% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 2.0% 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 | |
|---|---|---|---|---|---|
| EL EssilorLuxottica Société anonyme | €212.20 | 7.7% +€6.9b | 18.8% | PE42.2x | |
| BIM bioMérieux | €97.70 | 3.4% +€384.0m | 2.3% | PE32.3x | |
| ALCJ Crossject Société Anonyme | €1.90 | 4.9% +€3.8m | -49.6% | PS21x | |
| AMPLI Amplitude Surgical | €3.14 | 1.3% +€1.9m | -10.3% | PS1.4x | |
| ALKLH Klea Holding | €0.18 | 1.6% +€860.5k | -60.5% | PE62.1x |