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Mar 26
Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedMar 27, 2023
DataAggregated Company Financials
Companies38
- 7D-0.5%
- 3M1.8%
- 1Y8.6%
- YTD-5.4%
Last week, the Medical Equipment industry hasn't moved much but Shandong Weigao Group Medical Polymer is up 7.1% in that time. The past year has been better, since the industry has gained 8.6% in that time. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Hong Kong Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|
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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 6.5x is higher than the industry's current PS ratio of 5.2x.
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 15% 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 | 0.69% | |
| Healthcare | -2.29% | |
| Medical Equipment | -0.54% | |
| Medical Supplies | 0.32% | |
| Medical Equipment | -0.94% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 42.3x.
- Analysts are expecting annual earnings growth of 17.5%, which is higher than its past year's earnings growth of 12.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 1066 Shandong Weigao Group Medical Polymer | HK$12.36 | 7.1% +HK$3.7b | 38.1% | PE19.8x | |
| 2252 Shanghai MicroPort MedBot (Group) | HK$29.10 | 10.0% +HK$2.5b | 13.5% | PS7636.4x | |
| 853 MicroPort Scientific | HK$20.25 | 3.6% +HK$1.3b | 14.9% | PS5.9x | |
| 9877 Jenscare Scientific | HK$36.90 | 7.4% +HK$1.1b | n/a | PB10.7x | |
| 9997 Kangji Medical Holdings | HK$8.91 | 9.3% +HK$924.8m | 18.5% | PE22.9x |
