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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies21
  • 7D-1.0%
  • 3M6.4%
  • 1Y1.1%
  • YTD4.9%

In the last week, Medical Equipment has been flat. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.K. Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024UK£16.3bUK£6.6bUK£227.3m37x71.6x2.5x
Wed, 14 Feb 2024UK£15.5bUK£6.4bUK£148.2m47.9x104.7x2.4x
Fri, 12 Jan 2024UK£15.6bUK£6.4bUK£99.8m45.2x156.7x2.4x
Sun, 10 Dec 2023UK£15.0bUK£6.5bUK£102.9m46.5x146.2x2.3x
Tue, 07 Nov 2023UK£14.1bUK£6.6bUK£105.2m42.8x134.2x2.1x
Thu, 05 Oct 2023UK£14.3bUK£6.7bUK£94.4m47.1x151.8x2.1x
Sat, 02 Sep 2023UK£15.4bUK£6.5bUK£86.9m53.6x176.8x2.4x
Mon, 31 Jul 2023UK£16.1bUK£6.3bUK£83.7m59.8x191.9x2.6x
Wed, 28 Jun 2023UK£16.5bUK£6.3bUK£86.1m61.9x191.6x2.6x
Fri, 26 May 2023UK£16.4bUK£6.5bUK£90.9m59.5x180.4x2.5x
Sun, 23 Apr 2023UK£17.1bUK£6.5bUK£72.5m46x235.9x2.6x
Tue, 21 Mar 2023UK£16.1bUK£6.6bUK£97.3m24.6x165.3x2.5x
Thu, 16 Feb 2023UK£16.3bUK£6.7bUK£335.9m24.6x48.4x2.4x
Sat, 14 Jan 2023UK£16.7bUK£6.6bUK£330.3m24.7x50.5x2.5x
Mon, 12 Dec 2022UK£15.9bUK£6.5bUK£333.3m23.7x47.8x2.4x
Wed, 09 Nov 2022UK£15.1bUK£7.0bUK£385.5m26.5x39.1x2.2x
Fri, 07 Oct 2022UK£15.2bUK£7.1bUK£402.2m23.6x37.7x2.1x
Sun, 04 Sep 2022UK£15.8bUK£6.9bUK£396.6m21.8x39.8x2.3x
Tue, 02 Aug 2022UK£15.8bUK£6.5bUK£403.7m19.3x39.2x2.4x
Thu, 30 Jun 2022UK£17.0bUK£6.5bUK£428.9m20.9x39.6x2.6x
Sat, 28 May 2022UK£18.1bUK£6.2bUK£408.7m27.2x44.4x2.9x
Mon, 25 Apr 2022UK£18.2bUK£6.1bUK£436.6m27.6x41.6x3x
Wed, 23 Mar 2022UK£17.6bUK£5.9bUK£422.2m27.6x41.6x3x
Fri, 18 Feb 2022UK£16.8bUK£5.7bUK£448.2m26.2x37.4x3x
Sun, 16 Jan 2022UK£17.5bUK£5.6bUK£446.3m27.4x39.2x3.1x
Tue, 14 Dec 2021UK£17.4bUK£5.8bUK£461.4m25.5x37.7x3x
Thu, 11 Nov 2021UK£19.2bUK£5.7bUK£454.2m28.5x42.2x3.4x
Sat, 09 Oct 2021UK£18.3bUK£5.6bUK£451.0m27.2x40.6x3.2x
Mon, 06 Sep 2021UK£19.9bUK£5.6bUK£447.4m36.5x44.5x3.6x
Wed, 04 Aug 2021UK£19.9bUK£5.5bUK£459.9m38.4x43.2x3.6x
Sat, 08 May 2021UK£21.0bUK£5.3bUK£413.8m43x50.8x4x
Price to Earnings Ratio

49.2x


Total Market Cap: UK£18.7bTotal Earnings: UK£380.0mTotal Revenue: UK£5.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 89.6x202220232024
Current Industry PE
  • Investors are pessimistic on the British 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 71.6x which is lower than its 3-year average PE of 89.6x.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 16% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.9% 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 U.K. Healthcare industry?

GB Market0.65%
Healthcare-1.46%
Medical Equipment-0.98%
Medical Supplies1.45%
Medical Equipment-2.58%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 127x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 17.9% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 78.0x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CTEC ConvaTec GroupUK£2.882.7%
+UK£157.5m
25.9%PE57.5x
ABDX Abingdon HealthUK£0.08519.7%
+UK£4.3m
61.9%PS4.9x
CNSL Cambridge Nutritional SciencesUK£0.0315.1%
+UK£951.8k
-9.0%PS0.8x
OBI Ondine BiomedicalUK£0.0964.1%
+UK£850.3k
-48.0%PS46.8x
TSP TruSpine TechnologiesUK£0.00650%
UK£126.0k
-40.9%PB0.4x
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Latest News

ABDX

UK£0.085

Abingdon Health

7D

19.7%

1Y

61.9%

TSP

UK£0.0065

TruSpine Technologies

7D

0%

1Y

-40.9%

AMS

UK£1.86

Advanced Medical Solutions Group

7D

-12.3%

1Y

-19.5%

CTEC

UK£2.88

ConvaTec Group

7D

2.7%

1Y

25.9%

EKF

UK£0.26

EKF Diagnostics Holdings

7D

-4.9%

1Y

3.1%

OBI

UK£0.096

Ondine Biomedical

7D

4.1%

1Y

-48.0%

NSCI

UK£0.69

NetScientific

7D

0.7%

1Y

5.3%

IHC

UK£0.30

Inspiration Healthcare Group

7D

-10.4%

1Y

-41.2%

SPEC

UK£0.55

INSPECS Group

7D

-0.9%

1Y

-35.7%

RUA

UK£0.099

RUA Life Sciences

7D

-2.0%

1Y

-82.1%

BELL

UK£0.20

Belluscura

7D

-11.1%

1Y

-48.1%