Smith & Nephew plc (LON:SN.) Not Flying Under The Radar
Apr 16
U.K. (FTSE) Medical Equipment Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies21
- 7D-1.1%
- 3M-4.3%
- 1Y-11.3%
- YTD-2.5%
Over the last 7 days, the Medical Equipment industry has dropped 1.1%, driven by a pullback from ConvaTec Group of 2.5%. The industry has fallen 11% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | UK£15.2b | UK£6.7b | UK£246.9m | 38.3x | 61.4x | 2.3x |
| Mon, 25 Mar 2024 | UK£16.1b | UK£6.6b | UK£245.5m | 39.3x | 65.5x | 2.4x |
| Wed, 21 Feb 2024 | UK£16.0b | UK£6.4b | UK£147.6m | 47.9x | 108.2x | 2.5x |
| Fri, 19 Jan 2024 | UK£15.9b | UK£6.4b | UK£100.8m | 44.9x | 158x | 2.5x |
| Sun, 17 Dec 2023 | UK£15.3b | UK£6.5b | UK£100.8m | 48.4x | 151.9x | 2.4x |
| Tue, 14 Nov 2023 | UK£14.4b | UK£6.6b | UK£107.3m | 42.5x | 133.9x | 2.2x |
| Thu, 12 Oct 2023 | UK£13.7b | UK£6.6b | UK£91.1m | 46.5x | 149.9x | 2.1x |
| Sat, 09 Sep 2023 | UK£15.2b | UK£6.6b | UK£92.9m | 51.2x | 163.3x | 2.3x |
| Mon, 07 Aug 2023 | UK£15.8b | UK£6.4b | UK£86.9m | 57.4x | 182x | 2.5x |
| Wed, 05 Jul 2023 | UK£16.0b | UK£6.3b | UK£85.8m | 59.7x | 186.3x | 2.5x |
| Fri, 02 Jun 2023 | UK£16.1b | UK£6.4b | UK£89.4m | 58.9x | 180.2x | 2.5x |
| Sun, 30 Apr 2023 | UK£17.4b | UK£6.4b | UK£69.2m | 45.3x | 251.1x | 2.7x |
| Tue, 28 Mar 2023 | UK£15.7b | UK£6.6b | UK£97.2m | 23.9x | 161.8x | 2.4x |
| Thu, 23 Feb 2023 | UK£16.7b | UK£6.7b | UK£111.3m | 29.8x | 150.2x | 2.5x |
| Sat, 21 Jan 2023 | UK£16.5b | UK£6.5b | UK£324.4m | 24.9x | 51x | 2.5x |
| Mon, 19 Dec 2022 | UK£15.7b | UK£6.6b | UK£338.4m | 23x | 46.4x | 2.4x |
| Wed, 16 Nov 2022 | UK£15.5b | UK£6.8b | UK£369.6m | 26.3x | 42.1x | 2.3x |
| Fri, 14 Oct 2022 | UK£71.0b | UK£7.1b | UK£393.5m | 26.2x | 180.4x | 10x |
| Sun, 11 Sep 2022 | UK£16.3b | UK£6.9b | UK£396.3m | 22.4x | 41.1x | 2.4x |
| Tue, 09 Aug 2022 | UK£16.5b | UK£6.6b | UK£377.3m | 23.1x | 43.8x | 2.5x |
| Thu, 07 Jul 2022 | UK£17.0b | UK£6.7b | UK£433.6m | 19.3x | 39.1x | 2.5x |
| Sat, 04 Jun 2022 | UK£17.9b | UK£6.3b | UK£408.8m | 26.4x | 43.8x | 2.9x |
| Mon, 02 May 2022 | UK£18.1b | UK£6.2b | UK£448.9m | 27.2x | 40.2x | 2.9x |
| Wed, 30 Mar 2022 | UK£17.8b | UK£6.0b | UK£426.5m | 27.7x | 41.8x | 3x |
| Fri, 25 Feb 2022 | UK£16.8b | UK£5.8b | UK£435.1m | 27.8x | 38.5x | 2.9x |
| Sun, 23 Jan 2022 | UK£17.4b | UK£5.7b | UK£450.5m | 27.1x | 38.6x | 3.1x |
| Tue, 21 Dec 2021 | UK£17.3b | UK£5.8b | UK£463.2m | 25.5x | 37.3x | 3x |
| Thu, 18 Nov 2021 | UK£19.0b | UK£5.7b | UK£454.9m | 28x | 41.9x | 3.3x |
| Sat, 16 Oct 2021 | UK£18.5b | UK£5.6b | UK£446.5m | 27.9x | 41.4x | 3.3x |
| Mon, 13 Sep 2021 | UK£19.4b | UK£5.6b | UK£447.4m | 35x | 43.3x | 3.5x |
| Wed, 11 Aug 2021 | UK£19.6b | UK£5.5b | UK£459.9m | 39x | 42.7x | 3.5x |
| Sun, 06 Jun 2021 | UK£21.3b | UK£5.3b | UK£411.5m | 44.8x | 51.8x | 4.1x |
Price to Earnings Ratio
50.8x
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 61.4x which is lower than its 3-year average PE of 89.8x.
- The 3-year average PS ratio of 2.9x 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 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.3% 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 Market | 2.25% | |
| Healthcare | 7.50% | |
| Medical Equipment | -1.08% | |
| Medical Equipment | -0.089% | |
| Medical Supplies | -2.41% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 128x.
- Analysts are expecting annual earnings growth of 22.1%, 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 77.8x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 22% 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 21% 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 | |
|---|---|---|---|---|---|
| SN. Smith & Nephew | UK£9.81 | 2.0% +UK£167.4m | -25.4% | PE40.6x | |
| TSTL Tristel | UK£4.80 | 7.9% +UK£16.6m | 46.6% | PE37.8x | |
| AGL ANGLE | UK£0.14 | 20.8% +UK£6.5m | -36.3% | PS20.8x | |
| CREO Creo Medical Group | UK£0.36 | 4.3% +UK£5.2m | 48.0% | PS4.3x | |
| AMS Advanced Medical Solutions Group | UK£1.86 | 1.2% +UK£4.8m | -24.2% | PE25.4x |