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Hong Kong (HSI) Medical Equipment Industry Analysis

UpdatedMay 25, 2024
DataAggregated Company Financials
Companies37
  • 7D-5.9%
  • 3M-7.1%
  • 1Y-41.3%
  • YTD-23.3%

Over the last 7 days, the Medical Equipment industry has dropped 5.9%, driven by pullbacks in Shanghai MicroPort MedBot (Group) and Angelalign Technology of 11% and 12%, respectively. Meanwhile, OrbusNeich Medical Group Holdings actually outperformed within the industry, gaining 15% in the last week. However, the industry is down 41% over the past year. As for the next few years, earnings are expected to grow by 35% per annum.

Industry Valuation and Performance

Has the Hong Kong Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 May 2024HK$148.3bHK$54.1b-HK$1,093,078,353.3414.9x-135.7x2.7x
Mon, 22 Apr 2024HK$138.7bHK$54.2b-HK$1,095,684,295.9513.4x-126.6x2.6x
Wed, 20 Mar 2024HK$154.5bHK$52.8b-HK$1,049,434,494.0012.1x-147.2x2.9x
Fri, 16 Feb 2024HK$151.5bHK$53.6b-HK$2,416,008,108.3311.7x-62.7x2.8x
Sun, 14 Jan 2024HK$182.7bHK$53.6b-HK$2,347,846,887.0014.1x-77.8x3.4x
Tue, 12 Dec 2023HK$195.4bHK$53.4b-HK$2,341,824,940.0015.4x-83.5x3.7x
Thu, 09 Nov 2023HK$217.1bHK$53.0b-HK$2,338,956,931.0017.6x-92.8x4.1x
Sat, 07 Oct 2023HK$207.1bHK$52.9b-HK$2,346,473,989.0022.1x-88.2x3.9x
Mon, 04 Sep 2023HK$218.6bHK$53.2b-HK$2,352,088,097.0017x-92.9x4.1x
Wed, 02 Aug 2023HK$248.1bHK$51.1b-HK$3,930,007,825.0019.5x-63.1x4.9x
Fri, 30 Jun 2023HK$238.6bHK$51.0b-HK$3,942,987,527.0019.3x-60.5x4.7x
Sun, 28 May 2023HK$259.9bHK$51.8b-HK$3,964,366,865.0020.5x-65.5x5x
Tue, 25 Apr 2023HK$302.9bHK$53.1b-HK$4,232,607,544.0023.1x-71.6x5.7x
Thu, 23 Mar 2023HK$285.4bHK$54.7b-HK$2,633,596,516.0021.6x-108.4x5.2x
Sat, 18 Feb 2023HK$310.1bHK$54.3b-HK$2,769,772,126.0024x-111.9x5.7x
Mon, 16 Jan 2023HK$320.8bHK$55.0b-HK$2,718,145,811.0024.1x-118x5.8x
Wed, 14 Dec 2022HK$280.5bHK$52.3b-HK$2,655,141,491.0022.5x-105.7x5.4x
Fri, 11 Nov 2022HK$242.4bHK$51.3b-HK$2,737,443,098.0021.3x-88.5x4.7x
Sun, 09 Oct 2022HK$218.4bHK$51.8b-HK$2,758,345,250.0017.9x-79.2x4.2x
Tue, 06 Sep 2022HK$228.8bHK$52.7b-HK$2,560,720,910.0016.3x-89.3x4.3x
Thu, 04 Aug 2022HK$241.7bHK$51.1b-HK$648,264,217.0016.2x-372.8x4.7x
Sat, 02 Jul 2022HK$254.3bHK$51.3b-HK$609,492,718.0017x-417.3x5x
Mon, 30 May 2022HK$193.7bHK$51.3b-HK$610,423,873.0014.3x-317.3x3.8x
Wed, 27 Apr 2022HK$195.3bHK$52.1b-HK$557,745,778.0014.6x-350.1x3.8x
Fri, 25 Mar 2022HK$238.1bHK$48.2bHK$2.5b16.4x97.1x4.9x
Sun, 20 Feb 2022HK$282.1bHK$47.6bHK$2.3b19.6x124.1x5.9x
Tue, 18 Jan 2022HK$310.1bHK$47.3bHK$2.3b22.9x137.6x6.6x
Thu, 16 Dec 2021HK$333.2bHK$47.4bHK$2.4b20.9x136.6x7x
Sat, 13 Nov 2021HK$387.4bHK$47.2bHK$2.9b23.5x132.1x8.2x
Mon, 11 Oct 2021HK$335.6bHK$46.8bHK$3.4b27.6x97.3x7.2x
Wed, 08 Sep 2021HK$368.0bHK$46.6bHK$3.4b29.7x107.2x7.9x
Fri, 06 Aug 2021HK$396.1bHK$46.5bHK$3.8b30.8x104.8x8.5x
Price to Earnings Ratio

404.1x


Total Market Cap: HK$402.9bTotal Earnings: HK$997.0mTotal Revenue: HK$42.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Medical Equipment Industry Price to Earnings3Y Average -72.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Hong Kong Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Medical Equipment industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 8.7% 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 Hong Kong Healthcare industry?

HK Market-3.10%
Healthcare-6.54%
Medical Equipment-5.87%
Medical Supplies-0.22%
Medical Equipment-8.55%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings decline of 0.08% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 13% 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
6929 OrbusNeich Medical Group HoldingsHK$4.7514.7%
+HK$505.1m
-58.0%PE11.2x
2276 Shanghai Conant OpticalHK$9.425.8%
+HK$221.8m
75.4%PE11.4x
8513 MaxWin International HoldingsHK$0.1718.9%
+HK$18.4m
277.8%PS2.2x
2297 Rainmed MedicalHK$0.291.8%
+HK$5.8m
-69.5%PS4.3x
1120 Arts Optical International HoldingsHK$0.841.2%
+HK$3.9m
3.7%PE6.3x
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Latest News

2291

HK$18.60

LEPU ScienTech Medical Technology (Shanghai)

7D

-10.4%

1Y

-31.2%

853

HK$6.41

MicroPort Scientific

7D

-9.5%

1Y

-55.2%

6699

HK$67.40

Angelalign Technology

7D

-11.7%

1Y

-13.6%

1302

HK$1.73

LifeTech Scientific

7D

-10.4%

1Y

-29.1%

6929

HK$4.75

OrbusNeich Medical Group Holdings

7D

14.7%

1Y

-58.0%

2160

HK$1.04

MicroPort CardioFlow Medtech

7D

-14.0%

1Y

-48.5%

1120

HK$0.84

Arts Optical International Holdings

7D

1.2%

1Y

3.7%

2276

HK$9.42

Shanghai Conant Optical

7D

5.8%

1Y

75.4%

2252

HK$14.14

Shanghai MicroPort MedBot (Group)

7D

-11.1%

1Y

-22.5%

2393

HK$0.049

Yestar Healthcare Holdings

7D

2.1%

1Y

-83.1%

2297

HK$0.29

Rainmed Medical

7D

1.8%

1Y

-69.5%

8513

HK$0.17

MaxWin International Holdings

7D

18.9%

1Y

277.8%