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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedSep 20, 2023
DataAggregated Company Financials
Companies24
  • 7D-2.9%
  • 3M-11.0%
  • 1Y-6.9%
  • YTD-9.8%

Over the last 7 days, the Medical Equipment industry has dropped 1.8%, driven by declines in ConvaTec Group and Smith & Nephew of 4.6% and 2.3%, respectively. Meanwhile, Tristel actually outperformed within the industry, gaining 9.2% in the last week. However, the industry is down 7.6% over the past year. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Sep 2023UK£14.7bUK£6.6bUK£92.9m54.5x158.1x2.2x
Fri, 18 Aug 2023UK£15.3bUK£6.4bUK£84.5m55.2x180.9x2.4x
Sun, 16 Jul 2023UK£15.9bUK£6.1bUK£80.4m58.3x198x2.6x
Tue, 13 Jun 2023UK£16.0bUK£6.4bUK£90.0m60.2x177.4x2.5x
Thu, 11 May 2023UK£16.7bUK£6.4bUK£86.9m62x192.5x2.6x
Sat, 08 Apr 2023UK£15.8bUK£6.5bUK£77.9m46x203.2x2.4x
Mon, 06 Mar 2023UK£16.7bUK£6.7bUK£112.5m31.3x148x2.5x
Wed, 01 Feb 2023UK£16.0bUK£6.5bUK£325.8m24.1x49.2x2.5x
Fri, 30 Dec 2022UK£16.1bUK£6.6bUK£335.0m24.3x48x2.4x
Sun, 27 Nov 2022UK£16.1bUK£6.6bUK£340.0m26.9x47.3x2.4x
Tue, 25 Oct 2022UK£14.9bUK£7.1bUK£397.6m26.6x37.4x2.1x
Thu, 22 Sep 2022UK£15.4bUK£7.1bUK£403.4m20.4x38.2x2.2x
Sat, 20 Aug 2022UK£16.1bUK£6.8bUK£389.3m21.5x41.4x2.4x
Mon, 18 Jul 2022UK£16.7bUK£6.7bUK£435.0m19x38.3x2.5x
Wed, 15 Jun 2022UK£16.6bUK£6.5bUK£433.1m21.6x38.4x2.5x
Fri, 13 May 2022UK£17.2bUK£6.4bUK£457.3m25.2x37.7x2.7x
Sun, 10 Apr 2022UK£17.6bUK£6.0bUK£430.4m26.7x41x2.9x
Tue, 08 Mar 2022UK£16.4bUK£5.9bUK£443.9m26.4x37x2.8x
Thu, 03 Feb 2022UK£17.3bUK£5.7bUK£450.4m27x38.4x3x
Sat, 01 Jan 2022UK£18.3bUK£5.7bUK£451.2m27.8x40.5x3.2x
Mon, 29 Nov 2021UK£17.7bUK£5.8bUK£458.0m26.1x38.6x3.1x
Wed, 27 Oct 2021UK£18.6bUK£5.6bUK£443.4m28.7x42.1x3.3x
Fri, 24 Sep 2021UK£19.5bUK£5.6bUK£449.7m37x43.3x3.5x
Sun, 22 Aug 2021UK£20.0bUK£5.5bUK£459.9m38.7x43.4x3.6x
Fri, 09 Jul 2021UK£21.6bUK£5.3bUK£421.0m43x51.4x4.1x
Thu, 01 Apr 2021UK£18.7bUK£5.1bUK£380.0m39.9x49.2x3.7x
Sun, 03 Jan 2021UK£19.6bUK£5.0bUK£371.1m43.3x52.8x3.9x
Wed, 07 Oct 2020UK£18.8bUK£5.3bUK£343.9m41.2x54.5x3.5x
Price to Earnings Ratio

54.5x


Total Market Cap: UK£18.8bTotal Earnings: UK£343.9mTotal Revenue: UK£5.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 75.8x202120222023
Current Industry PE
  • Investors are optimistic on the British Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 157x which is higher than its 3-year average PE of 75.8x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 35% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.5% 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 Market1.30%
Healthcare0.02%
Medical Equipment-2.88%
Medical Equipment-2.20%
Medical Supplies-4.14%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 93.9x.
    • Analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings decline of 74.8% per year.
  • Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 78.0x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 75% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 27% 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
TSTL TristelUK£4.159.2%
+UK£16.6m		10.7%PE57.5x
CREO Creo Medical GroupUK£0.321.6%
+UK£1.7m		-51.5%PS3.8x
OBI Ondine BiomedicalUK£0.102.6%
+UK£487.7k		-73.7%PS50.9x
RUA RUA Life SciencesUK£0.177.7%
+UK£277.3k		-60.5%PS1.8x
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Latest News

BELL

UK£0.37

Belluscura

7D

-10.8%

1Y

-43.1%

CREO

UK£0.32

Creo Medical Group

7D

1.6%

1Y

-51.5%

OBI

UK£0.10

Ondine Biomedical

7D

2.6%

1Y

-73.7%

EKF

UK£0.25

EKF Diagnostics Holdings

7D

-2.9%

1Y

-35.4%

CTEC

UK£2.15

ConvaTec Group

7D

-4.6%

1Y

-0.9%

SN.

UK£10.41

Smith & Nephew

7D

-2.3%

1Y

0.2%

AGL

UK£0.15

ANGLE

7D

-18.9%

1Y

-78.6%

POLX

UK£0.098

Polarean Imaging

7D

-9.3%

1Y

-82.3%

TSTL

UK£4.15

Tristel

7D

9.2%

1Y

10.7%

An Intrinsic Calculation For Tristel plc (LON:TSTL) Suggests It's 26% Undervalued

Sep 13
An Intrinsic Calculation For Tristel plc (LON:TSTL) Suggests It's 26% Undervalued

AMS

UK£1.80

Advanced Medical Solutions Group

7D

-3.3%

1Y

-33.5%

RUA

UK£0.17

RUA Life Sciences

7D

7.7%

1Y

-60.5%

SPEC

UK£0.88

INSPECS Group

7D

-9.7%

1Y

-45.0%