Investors Could Be Concerned With Kangji Medical Holdings' (HKG:9997) Returns On Capital
Apr 12
Hong Kong (HSI) Medical Supplies Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies12
- 7D-1.3%
- 3M-9.9%
- 1Y-53.6%
- YTDn/a
Over the last 7 days, the Medical Supplies industry has dropped 1.3%, driven by a pullback from Kangji Medical Holdings of 6.4%. In contrast, OrbusNeich Medical Group Holdings has gained 5.9%. Overall the industry is down 54% in 12 months. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Hong Kong Medical Supplies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | HK$45.3b | HK$28.5b | HK$3.8b | 10x | 11.9x | 1.6x |
| Thu, 21 Mar 2024 | HK$48.4b | HK$28.2b | HK$4.4b | 9.6x | 10.9x | 1.7x |
| Sat, 17 Feb 2024 | HK$47.1b | HK$28.3b | HK$4.4b | 10.3x | 10.7x | 1.7x |
| Mon, 15 Jan 2024 | HK$55.2b | HK$28.2b | HK$4.4b | 12.5x | 12.6x | 2x |
| Wed, 13 Dec 2023 | HK$59.2b | HK$28.1b | HK$4.4b | 13.5x | 13.6x | 2.1x |
| Fri, 10 Nov 2023 | HK$63.7b | HK$27.7b | HK$4.3b | 14.4x | 14.8x | 2.3x |
| Sun, 08 Oct 2023 | HK$58.7b | HK$27.7b | HK$4.3b | 12.8x | 13.6x | 2.1x |
| Tue, 05 Sep 2023 | HK$64.2b | HK$27.9b | HK$4.3b | 13.5x | 14.8x | 2.3x |
| Thu, 03 Aug 2023 | HK$73.2b | HK$27.8b | HK$4.3b | 16.9x | 17x | 2.6x |
| Sat, 01 Jul 2023 | HK$77.3b | HK$27.6b | HK$4.3b | 17.8x | 18.1x | 2.8x |
| Mon, 29 May 2023 | HK$89.3b | HK$28.3b | HK$4.4b | 19.3x | 20.4x | 3.2x |
| Wed, 26 Apr 2023 | HK$97.1b | HK$28.9b | HK$4.5b | 20.9x | 21.7x | 3.4x |
| Fri, 24 Mar 2023 | HK$91.7b | HK$34.3b | HK$3.7b | 18.8x | 24.7x | 2.7x |
| Sun, 19 Feb 2023 | HK$95.7b | HK$33.8b | HK$3.5b | 22.8x | 27.2x | 2.8x |
| Tue, 17 Jan 2023 | HK$95.4b | HK$34.3b | HK$3.6b | 23.6x | 26.7x | 2.8x |
| Thu, 15 Dec 2022 | HK$79.9b | HK$32.2b | HK$3.4b | 19.8x | 23.2x | 2.5x |
| Sat, 12 Nov 2022 | HK$72.3b | HK$31.4b | HK$3.3b | 18.1x | 21.6x | 2.3x |
| Mon, 10 Oct 2022 | HK$71.5b | HK$31.8b | HK$3.4b | 15.3x | 21x | 2.2x |
| Wed, 07 Sep 2022 | HK$72.7b | HK$32.6b | HK$3.5b | 16x | 20.9x | 2.2x |
| Fri, 05 Aug 2022 | HK$70.2b | HK$32.0b | HK$3.7b | 16.5x | 18.9x | 2.2x |
| Sun, 03 Jul 2022 | HK$67.6b | HK$32.2b | HK$3.7b | 17x | 18x | 2.1x |
| Tue, 31 May 2022 | HK$61.3b | HK$32.2b | HK$3.7b | 14.9x | 16.3x | 1.9x |
| Thu, 28 Apr 2022 | HK$59.4b | HK$32.9b | HK$3.8b | 15x | 15.5x | 1.8x |
| Sat, 26 Mar 2022 | HK$66.7b | HK$30.3b | HK$3.5b | 15.5x | 19.3x | 2.2x |
| Mon, 21 Feb 2022 | HK$72.8b | HK$30.2b | HK$3.3b | 20.4x | 22x | 2.4x |
| Wed, 19 Jan 2022 | HK$75.0b | HK$30.0b | HK$3.3b | 23.7x | 22.7x | 2.5x |
| Fri, 17 Dec 2021 | HK$73.1b | HK$30.0b | HK$3.3b | 21.8x | 22.2x | 2.4x |
| Sun, 14 Nov 2021 | HK$84.9b | HK$29.9b | HK$3.3b | 23.5x | 25.9x | 2.8x |
| Tue, 12 Oct 2021 | HK$94.1b | HK$29.6b | HK$3.2b | 28x | 29x | 3.2x |
| Thu, 09 Sep 2021 | HK$92.0b | HK$29.5b | HK$3.2b | 30x | 28.5x | 3.1x |
| Sat, 07 Aug 2021 | HK$100.9b | HK$29.5b | HK$3.2b | 30.8x | 31.3x | 3.4x |
| Fri, 30 Apr 2021 | HK$121.5b | HK$27.5b | HK$2.0b | 36.7x | 61.2x | 4.4x |
Price to Earnings Ratio
61.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Health Care Supplies 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 11.9x which is lower than its 3-year average PE of 22.8x.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Health Care Supplies industry have grown 24% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Medical Supplies compare with similar industries?
| HK Market | -0.66% | |
| Healthcare | -4.61% | |
| Medical Equipment | -3.58% | |
| Medical Supplies | -1.30% | |
| Medical Equipment | -4.65% | |
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 | |
|---|---|---|---|---|---|
| 1066 Shandong Weigao Group Medical Polymer | HK$5.00 | 3.7% +HK$822.7m | -62.0% | PE10.6x | |
| 9997 Kangji Medical Holdings | HK$7.26 | 8.7% +HK$704.6m | -27.4% | PE16.2x | |
| 1763 China Isotope & Radiation | HK$10.32 | 10.1% +HK$303.9m | -37.2% | PE8.2x | |
| 2170 Suzhou Basecare Medical | HK$2.00 | 4.2% +HK$21.3m | -59.5% | PS2.4x | |
| 8622 Huakang Biomedical Holdings | HK$0.10 | 4.1% +HK$1.9m | -33.8% | PS1.8x |
