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U.K. (FTSE) Medical Equipment Industry Analysis
UpdatedNov 17, 2024
DataAggregated Company Financials
Companies23
- 7D7.9%
- 3M-10.9%
- 1Y-2.0%
- YTD-6.9%
In the last week, the Medical Equipment industry is up 7.9%, with ConvaTec Group up 17%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Sun, 17 Nov 2024 | UK£15.0b | UK£6.8b | UK£303.4m | 33.5x | 49.3x | 2.2x |
| Tue, 15 Oct 2024 | UK£15.6b | UK£6.6b | UK£291.1m | 34.1x | 53.5x | 2.4x |
| Thu, 12 Sep 2024 | UK£16.8b | UK£6.6b | UK£295.0m | 37.1x | 57x | 2.6x |
| Sat, 10 Aug 2024 | UK£16.6b | UK£6.7b | UK£302.8m | 38.3x | 54.7x | 2.5x |
| Mon, 08 Jul 2024 | UK£15.8b | UK£6.6b | UK£247.2m | 40.7x | 63.8x | 2.4x |
| Wed, 05 Jun 2024 | UK£15.3b | UK£6.6b | UK£254.0m | 33.1x | 60.1x | 2.3x |
| Fri, 03 May 2024 | UK£15.1b | UK£6.7b | UK£255.9m | 36.4x | 59x | 2.3x |
| Sun, 31 Mar 2024 | UK£15.6b | UK£6.6b | UK£244.7m | 37.9x | 63.8x | 2.4x |
| Tue, 27 Feb 2024 | UK£16.1b | UK£6.4b | UK£148.2m | 37.1x | 108.6x | 2.5x |
| Thu, 25 Jan 2024 | UK£15.7b | UK£6.4b | UK£100.6m | 47.5x | 155.7x | 2.4x |
| Sat, 23 Dec 2023 | UK£15.7b | UK£6.4b | UK£99.9m | 48.9x | 156.8x | 2.4x |
| Mon, 20 Nov 2023 | UK£14.8b | UK£6.6b | UK£104.1m | 44.4x | 142.5x | 2.3x |
| Wed, 18 Oct 2023 | UK£13.6b | UK£6.7b | UK£92.8m | 46.3x | 146.6x | 2x |
| Fri, 15 Sep 2023 | UK£15.0b | UK£6.6b | UK£94.3m | 52.6x | 159.6x | 2.3x |
| Sun, 13 Aug 2023 | UK£15.7b | UK£6.4b | UK£85.2m | 56.9x | 184.4x | 2.4x |
| Tue, 11 Jul 2023 | UK£15.6b | UK£6.3b | UK£84.1m | 58.8x | 186x | 2.5x |
| Thu, 08 Jun 2023 | UK£16.1b | UK£6.4b | UK£90.6m | 58.8x | 177.7x | 2.5x |
| Sat, 06 May 2023 | UK£16.8b | UK£6.4b | UK£66.0m | 62.6x | 254.5x | 2.6x |
| Mon, 03 Apr 2023 | UK£15.8b | UK£6.5b | UK£80.8m | 45.3x | 195.1x | 2.4x |
| Wed, 01 Mar 2023 | UK£16.3b | UK£6.6b | UK£111.8m | 29.8x | 145.6x | 2.5x |
| Fri, 27 Jan 2023 | UK£16.2b | UK£6.5b | UK£324.3m | 24.7x | 50x | 2.5x |
| Sun, 25 Dec 2022 | UK£16.0b | UK£6.7b | UK£335.8m | 25.8x | 47.7x | 2.4x |
| Tue, 22 Nov 2022 | UK£15.9b | UK£6.8b | UK£360.9m | 26.3x | 44x | 2.3x |
| Thu, 20 Oct 2022 | UK£14.8b | UK£7.1b | UK£396.3m | 26.6x | 37.2x | 2.1x |
| Sat, 17 Sep 2022 | UK£15.8b | UK£7.0b | UK£406.9m | 21.1x | 38.8x | 2.3x |
| Mon, 15 Aug 2022 | UK£16.1b | UK£6.6b | UK£376.9m | 22.4x | 42.8x | 2.4x |
| Wed, 13 Jul 2022 | UK£16.4b | UK£6.7b | UK£433.4m | 18.6x | 37.9x | 2.5x |
| Fri, 10 Jun 2022 | UK£17.5b | UK£6.3b | UK£413.1m | 22.3x | 42.3x | 2.8x |
| Sun, 08 May 2022 | UK£18.0b | UK£6.3b | UK£455.7m | 26.8x | 39.5x | 2.8x |
| Tue, 05 Apr 2022 | UK£17.7b | UK£6.0b | UK£426.9m | 26.9x | 41.4x | 2.9x |
| Thu, 03 Mar 2022 | UK£17.7b | UK£5.8b | UK£435.4m | 29.6x | 40.8x | 3x |
| Sat, 29 Jan 2022 | UK£17.1b | UK£5.7b | UK£455.5m | 26.4x | 37.4x | 3x |
| Mon, 27 Dec 2021 | UK£18.0b | UK£5.7b | UK£456.3m | 27.2x | 39.5x | 3.1x |
| Wed, 24 Nov 2021 | UK£18.3b | UK£5.7b | UK£458.3m | 26.6x | 39.9x | 3.2x |
Price to Earnings Ratio
39.9x
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 49.3x which is lower than its 3-year average PE of 91.8x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.8% 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 | -0.14% | |
| Healthcare | -0.52% | |
| Medical Equipment | 7.95% | |
| Medical Supplies | 13.70% | |
| Medical Equipment | 4.54% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 132x.
- Analysts are expecting annual earnings growth of 22.9%, which is lower than the prior year's growth of 37.8% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 75.4x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| CTEC ConvaTec Group | UK£2.49 | 16.6% +UK£724.5m | 9.7% | PE41.9x | |
| SN. Smith & Nephew | UK£9.64 | 5.1% +UK£404.6m | -5.9% | PE34.7x | |
| AGL ANGLE | UK£0.12 | 39.4% +UK£10.5m | 15.0% | PS18.3x | |
| TSTL Tristel | UK£4.40 | 1.7% +UK£3.6m | 5.4% | PE32.3x | |
| RUA RUA Life Sciences | UK£0.12 | 7.0% +UK£465.5k | -27.0% | PS3.3x |