Does MicroPort Scientific (HKG:853) Have A Healthy Balance Sheet?
Nov 19
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies38
- 7D-1.8%
- 3M17.0%
- 1Y-36.1%
- YTD-30.6%
Over the last 7 days, the Medical Equipment industry has dropped 1.8%, driven by a pullback from Shandong Weigao Group Medical Polymer of 6.0%. However, the industry is down 36% over the past year. Earnings are forecast to grow by 40% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$134.0b | HK$58.2b | HK$1.2b | 15.9x | 111.2x | 2.3x |
| Sat, 19 Oct 2024 | HK$134.2b | HK$59.0b | HK$1.4b | 12.9x | 99x | 2.3x |
| Mon, 16 Sep 2024 | HK$118.8b | HK$59.2b | HK$1.3b | 12.7x | 91.9x | 2x |
| Wed, 14 Aug 2024 | HK$121.7b | HK$54.5b | -HK$1,015,358,143.04 | 12.3x | -119.9x | 2.2x |
| Fri, 12 Jul 2024 | HK$125.1b | HK$53.9b | -HK$1,097,898,802.08 | 12.8x | -114x | 2.3x |
| Sun, 09 Jun 2024 | HK$135.1b | HK$54.0b | -HK$1,094,135,511.28 | 12.9x | -123.4x | 2.5x |
| Tue, 07 May 2024 | HK$158.6b | HK$54.2b | -HK$1,084,810,752.40 | 16x | -146.2x | 2.9x |
| Thu, 04 Apr 2024 | HK$145.3b | HK$54.2b | -HK$1,015,549,828.89 | 13.2x | -143.1x | 2.7x |
| Sat, 02 Mar 2024 | HK$159.2b | HK$52.7b | -HK$1,118,823,318.91 | 12.8x | -142.3x | 3x |
| Mon, 29 Jan 2024 | HK$162.6b | HK$53.6b | -HK$2,344,952,748.00 | 11.7x | -69.3x | 3x |
| Wed, 27 Dec 2023 | HK$193.8b | HK$53.7b | -HK$2,342,377,524.00 | 14.4x | -82.7x | 3.6x |
| Fri, 24 Nov 2023 | HK$218.1b | HK$53.6b | -HK$2,332,942,577.00 | 17.4x | -93.5x | 4.1x |
| Sun, 22 Oct 2023 | HK$193.9b | HK$52.8b | -HK$2,343,531,632.00 | 18x | -82.7x | 3.7x |
| Tue, 19 Sep 2023 | HK$212.2b | HK$52.9b | -HK$2,342,084,830.00 | 17.3x | -90.6x | 4x |
| Thu, 17 Aug 2023 | HK$222.1b | HK$50.7b | -HK$3,872,865,096.00 | 17.7x | -57.4x | 4.4x |
| Sat, 15 Jul 2023 | HK$246.5b | HK$51.4b | -HK$3,945,508,641.00 | 19.5x | -62.5x | 4.8x |
| Mon, 12 Jun 2023 | HK$251.1b | HK$51.5b | -HK$3,958,642,768.00 | 19.8x | -63.4x | 4.9x |
| Wed, 10 May 2023 | HK$281.8b | HK$52.6b | -HK$3,985,077,668.00 | 21.8x | -70.7x | 5.4x |
| Fri, 07 Apr 2023 | HK$309.4b | HK$53.1b | -HK$3,589,965,558.00 | 24.5x | -86.2x | 5.8x |
| Sun, 05 Mar 2023 | HK$298.8b | HK$54.2b | -HK$2,804,828,735.00 | 25x | -106.5x | 5.5x |
| Tue, 31 Jan 2023 | HK$309.9b | HK$54.9b | -HK$2,737,977,287.00 | 22.8x | -113.2x | 5.6x |
| Thu, 29 Dec 2022 | HK$289.5b | HK$53.4b | -HK$2,655,318,134.00 | 22.5x | -109x | 5.4x |
| Sat, 26 Nov 2022 | HK$244.3b | HK$51.6b | -HK$2,702,044,952.00 | 22x | -90.4x | 4.7x |
| Mon, 24 Oct 2022 | HK$251.7b | HK$51.1b | -HK$2,785,072,503.00 | 20.9x | -90.4x | 4.9x |
| Wed, 21 Sep 2022 | HK$219.0b | HK$52.1b | -HK$2,587,702,944.00 | 16.3x | -84.6x | 4.2x |
| Fri, 19 Aug 2022 | HK$240.1b | HK$51.0b | -HK$500,975,705.00 | 16.2x | -479.2x | 4.7x |
| Sun, 17 Jul 2022 | HK$253.1b | HK$51.0b | -HK$633,298,046.00 | 16.2x | -399.6x | 5x |
| Tue, 14 Jun 2022 | HK$219.2b | HK$51.3b | -HK$613,808,023.00 | 15.1x | -357x | 4.3x |
| Thu, 12 May 2022 | HK$193.9b | HK$51.1b | -HK$624,371,498.00 | 14.5x | -310.5x | 3.8x |
| Sat, 09 Apr 2022 | HK$222.4b | HK$53.2b | -HK$468,387,515.00 | 15.8x | -474.9x | 4.2x |
| Mon, 07 Mar 2022 | HK$261.2b | HK$47.8b | HK$2.3b | 18x | 115.1x | 5.5x |
| Wed, 02 Feb 2022 | HK$280.1b | HK$47.3b | HK$2.3b | 18.9x | 124.4x | 5.9x |
| Fri, 31 Dec 2021 | HK$315.1b | HK$47.3b | HK$2.2b | 21.1x | 140.1x | 6.7x |
| Sun, 28 Nov 2021 | HK$382.8b | HK$47.2b | HK$2.4b | 24.2x | 158.1x | 8.1x |
Price to Earnings Ratio
158.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 111x which is higher than its 3-year average PE of -101x.
- The 3-year average PS ratio of 4.2x 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 21% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.2% 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 | 0.42% | |
| Healthcare | 0.11% | |
| Medical Equipment | -1.76% | |
| Medical Equipment | -1.16% | |
| Medical Supplies | -2.82% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 17.3x.
- Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 1.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings decline of 11% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2276 Shanghai Conant Optical | HK$14.72 | 3.7% +HK$221.8m | 143.7% | PE15.5x | |
| 2252 Shanghai MicroPort MedBot (Group) | HK$9.66 | 1.7% +HK$155.4m | -51.7% | PS55.9x | |
| 1789 AK Medical Holdings | HK$5.05 | 1.8% +HK$101.0m | -22.9% | PE28x | |
| 9877 Jenscare Scientific | HK$2.90 | 4.7% +HK$54.2m | -82.0% | PB1x | |
| 9996 Peijia Medical | HK$4.00 | 2.0% +HK$52.3m | -48.3% | PS4.7x |
