MicroPort Scientific Corporation (HKG:853) Surges 27% Yet Its Low P/S Is No Reason For Excitement
Feb 07
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Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedFeb 11, 2025
DataAggregated Company Financials
Companies25
- 7D8.9%
- 3M12.3%
- 1Y-1.5%
- YTDn/a
The Medical Equipment is pretty flat in the last 7 days, but Angelalign Technology has stood out, gaining 11%. Unfortunately though, the industry is down 8.3% over the past 12 months. As for the next few years, earnings are expected to grow by 59% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 11 Feb 2025 | HK$99.2b | HK$26.8b | -HK$3,556,445,826.66 | 25.7x | -27.9x | 3.7x |
| Thu, 09 Jan 2025 | HK$79.5b | HK$26.7b | -HK$3,547,794,379.45 | 21.2x | -22.4x | 3x |
| Sat, 07 Dec 2024 | HK$84.0b | HK$26.8b | -HK$3,556,000,755.68 | 20.4x | -23.6x | 3.1x |
| Mon, 04 Nov 2024 | HK$85.5b | HK$27.0b | -HK$3,571,794,730.30 | 23.3x | -23.9x | 3.2x |
| Wed, 02 Oct 2024 | HK$96.8b | HK$27.3b | -HK$3,502,423,128.29 | 23.3x | -27.7x | 3.5x |
| Fri, 30 Aug 2024 | HK$74.2b | HK$26.5b | -HK$4,418,934,739.32 | 17.3x | -16.8x | 2.8x |
| Sun, 28 Jul 2024 | HK$76.3b | HK$25.6b | -HK$4,880,685,322.79 | 16.8x | -15.6x | 3x |
| Tue, 25 Jun 2024 | HK$83.8b | HK$25.6b | -HK$4,878,813,982.78 | 17.9x | -17.2x | 3.3x |
| Thu, 23 May 2024 | HK$102.5b | HK$25.6b | -HK$4,881,846,105.71 | 22.9x | -21x | 4x |
| Sat, 20 Apr 2024 | HK$96.1b | HK$25.7b | -HK$4,898,899,764.04 | 19.9x | -19.6x | 3.7x |
| Mon, 18 Mar 2024 | HK$107.7b | HK$24.6b | -HK$5,475,586,534.54 | 22.9x | -19.7x | 4.4x |
| Wed, 14 Feb 2024 | HK$104.7b | HK$25.2b | -HK$6,786,466,539.62 | 23.4x | -15.4x | 4.2x |
| Fri, 12 Jan 2024 | HK$128.6b | HK$25.4b | -HK$6,724,144,749.00 | 27.4x | -19.1x | 5.1x |
| Sun, 10 Dec 2023 | HK$137.2b | HK$25.4b | -HK$6,711,027,386.00 | 28.2x | -20.4x | 5.4x |
| Tue, 07 Nov 2023 | HK$152.9b | HK$25.3b | -HK$6,666,000,033.00 | 29.6x | -22.9x | 6.1x |
| Thu, 05 Oct 2023 | HK$149.5b | HK$25.2b | -HK$6,655,938,378.00 | 28.6x | -22.5x | 5.9x |
| Sat, 02 Sep 2023 | HK$154.2b | HK$25.1b | -HK$6,541,744,329.00 | 29.2x | -23.6x | 6.1x |
| Mon, 31 Jul 2023 | HK$178.0b | HK$23.3b | -HK$8,243,939,835.00 | 27.4x | -21.6x | 7.6x |
| Wed, 28 Jun 2023 | HK$162.6b | HK$23.3b | -HK$8,236,454,757.00 | 27.4x | -19.7x | 7x |
| Fri, 26 May 2023 | HK$172.2b | HK$23.5b | -HK$8,354,480,951.00 | 27.4x | -20.6x | 7.3x |
| Sun, 23 Apr 2023 | HK$205.0b | HK$23.8b | -HK$8,471,475,973.00 | 27.4x | -24.2x | 8.6x |
| Tue, 21 Mar 2023 | HK$188.3b | HK$20.5b | -HK$6,308,071,732.00 | 27.4x | -29.8x | 9.2x |
| Thu, 16 Feb 2023 | HK$210.0b | HK$20.5b | -HK$6,298,597,904.00 | 27.4x | -33.3x | 10.2x |
| Sat, 14 Jan 2023 | HK$227.2b | HK$20.6b | -HK$6,305,208,862.00 | 27.4x | -36x | 11x |
| Mon, 12 Dec 2022 | HK$203.5b | HK$20.2b | -HK$6,095,806,448.00 | 27.4x | -33.4x | 10.1x |
| Wed, 09 Nov 2022 | HK$170.9b | HK$19.9b | -HK$6,130,076,658.00 | 26.1x | -27.9x | 8.6x |
| Fri, 07 Oct 2022 | HK$139.1b | HK$20.0b | -HK$5,927,760,915.00 | 25.2x | -23.5x | 7x |
| Sun, 04 Sep 2022 | HK$156.7b | HK$20.0b | -HK$6,064,724,392.00 | 27.1x | -25.8x | 7.8x |
| Tue, 02 Aug 2022 | HK$174.6b | HK$19.0b | -HK$4,353,872,485.00 | 16.7x | -40.1x | 9.2x |
| Thu, 30 Jun 2022 | HK$188.6b | HK$19.1b | -HK$4,358,176,722.00 | 19.6x | -43.3x | 9.9x |
| Sat, 28 May 2022 | HK$134.2b | HK$19.1b | -HK$4,354,546,733.00 | 11.2x | -30.8x | 7x |
| Mon, 25 Apr 2022 | HK$143.5b | HK$19.3b | -HK$4,395,544,742.00 | 12.6x | -32.6x | 7.5x |
| Wed, 23 Mar 2022 | HK$156.6b | HK$18.2b | -HK$897,712,364.00 | 12.4x | -174.5x | 8.6x |
| Fri, 18 Feb 2022 | HK$212.3b | HK$17.4b | -HK$1,042,563,947.00 | 15.6x | -203.7x | 12.2x |
Price to Earnings Ratio
-203.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Healthcare 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 3.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 16% 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 caused losses to expand.
Industry Comparison
How does Hong Kong Medical Equipment compare with similar industries?
| HK Market | 4.44% | |
| Healthcare | 7.16% | |
| Medical Equipment | 5.81% | |
| Medical Equipment | 8.92% | |
| Medical Supplies | 0.71% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 853 MicroPort Scientific | HK$7.23 | 11.2% +HK$1.3b | 21.5% | PS1.7x | |
| 6699 Angelalign Technology | HK$59.35 | 11.2% +HK$1.0b | 15.8% | PE216.8x | |
| 1302 LifeTech Scientific | HK$1.43 | 11.7% +HK$694.6m | -22.3% | PE25x | |
| 1789 AK Medical Holdings | HK$5.07 | 12.9% +HK$651.1m | 5.6% | PE28.3x | |
| 2252 Shanghai MicroPort MedBot (Group) | HK$17.50 | 2.7% +HK$462.8m | 52.2% | PS105.7x |
