Some Shareholders Feeling Restless Over Shanghai HeartCare Medical Technology Corporation Limited's (HKG:6609) P/S Ratio
Aug 01
Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedAug 06, 2024
DataAggregated Company Financials
Companies37
- 7D-1.3%
- 3M-24.9%
- 1Y-49.3%
- YTD-39.7%
Over the last 7 days, the Medical Equipment industry has risen 1.2%, driven by gains from LifeTech Scientific of 12%. In the same time, AK Medical Holdings was down 9.1%. In the past year, the industry is down 49%. As for the next few years, earnings are expected to grow by 34% 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, 06 Aug 2024 | HK$116.0b | HK$54.5b | -HK$1,058,892,492.42 | 12.1x | -109.6x | 2.1x |
| Thu, 04 Jul 2024 | HK$124.4b | HK$53.9b | -HK$1,100,197,986.28 | 12.6x | -113.1x | 2.3x |
| Sat, 01 Jun 2024 | HK$140.1b | HK$54.1b | -HK$1,093,934,072.24 | 13.4x | -128.1x | 2.6x |
| Mon, 29 Apr 2024 | HK$149.8b | HK$54.2b | -HK$1,096,031,155.33 | 15x | -136.7x | 2.8x |
| Wed, 27 Mar 2024 | HK$147.7b | HK$53.1b | -HK$848,006,613.25 | 11.9x | -174.1x | 2.8x |
| Fri, 23 Feb 2024 | HK$160.2b | HK$52.8b | -HK$1,115,324,350.57 | 12.6x | -143.6x | 3x |
| Sun, 21 Jan 2024 | HK$166.7b | HK$53.8b | -HK$2,339,699,658.00 | 12.6x | -71.2x | 3.1x |
| Tue, 19 Dec 2023 | HK$197.1b | HK$53.6b | -HK$2,342,993,469.00 | 15x | -84.1x | 3.7x |
| Thu, 16 Nov 2023 | HK$218.3b | HK$53.1b | -HK$2,336,187,881.00 | 17.7x | -93.4x | 4.1x |
| Sat, 14 Oct 2023 | HK$206.8b | HK$52.8b | -HK$2,343,837,354.00 | 20.6x | -88.2x | 3.9x |
| Mon, 11 Sep 2023 | HK$216.3b | HK$52.8b | -HK$2,349,238,765.00 | 15.6x | -92.1x | 4.1x |
| Wed, 09 Aug 2023 | HK$233.0b | HK$50.9b | -HK$3,931,601,395.00 | 18.7x | -59.3x | 4.6x |
| Fri, 07 Jul 2023 | HK$242.0b | HK$50.8b | -HK$3,933,390,662.00 | 19.4x | -61.5x | 4.8x |
| Sun, 04 Jun 2023 | HK$255.1b | HK$51.7b | -HK$3,963,610,343.00 | 19.5x | -64.4x | 4.9x |
| Tue, 02 May 2023 | HK$295.9b | HK$52.7b | -HK$3,990,833,917.00 | 23.3x | -74.1x | 5.6x |
| Thu, 30 Mar 2023 | HK$290.3b | HK$55.1b | -HK$2,377,959,388.00 | 21.6x | -122.1x | 5.3x |
| Sat, 25 Feb 2023 | HK$307.0b | HK$53.9b | -HK$2,784,840,479.00 | 24.2x | -110.2x | 5.7x |
| Mon, 23 Jan 2023 | HK$314.0b | HK$54.7b | -HK$2,742,036,094.00 | 23.9x | -114.5x | 5.7x |
| Wed, 21 Dec 2022 | HK$263.4b | HK$52.4b | -HK$2,653,685,082.00 | 21.7x | -99.3x | 5x |
| Fri, 18 Nov 2022 | HK$264.8b | HK$52.0b | -HK$2,693,780,236.00 | 22.5x | -98.3x | 5.1x |
| Sun, 16 Oct 2022 | HK$226.3b | HK$51.4b | -HK$2,774,723,031.00 | 18.9x | -81.6x | 4.4x |
| Tue, 13 Sep 2022 | HK$237.4b | HK$52.6b | -HK$2,567,296,888.00 | 16.7x | -92.5x | 4.5x |
| Thu, 11 Aug 2022 | HK$249.7b | HK$51.1b | -HK$535,136,459.00 | 15.8x | -466.5x | 4.9x |
| Sat, 09 Jul 2022 | HK$268.2b | HK$51.3b | -HK$609,743,886.00 | 16.7x | -439.8x | 5.2x |
| Mon, 06 Jun 2022 | HK$210.1b | HK$51.5b | -HK$593,618,066.00 | 15x | -353.9x | 4.1x |
| Wed, 04 May 2022 | HK$205.5b | HK$51.8b | -HK$571,683,338.00 | 15.5x | -359.4x | 4x |
| Fri, 01 Apr 2022 | HK$223.8b | HK$52.2b | HK$1.1b | 14.9x | 195.2x | 4.3x |
| Sun, 27 Feb 2022 | HK$279.6b | HK$47.7b | HK$2.3b | 18.7x | 122.6x | 5.9x |
| Tue, 25 Jan 2022 | HK$305.0b | HK$47.4b | HK$2.3b | 20.9x | 134.8x | 6.4x |
| Thu, 23 Dec 2021 | HK$323.6b | HK$47.3b | HK$2.4b | 20.5x | 132.9x | 6.8x |
| Sat, 20 Nov 2021 | HK$395.3b | HK$47.2b | HK$2.9b | 23.6x | 134.5x | 8.4x |
| Mon, 18 Oct 2021 | HK$333.0b | HK$46.8b | HK$3.5b | 27.2x | 96.4x | 7.1x |
| Wed, 15 Sep 2021 | HK$354.0b | HK$46.6b | HK$3.4b | 29.6x | 103.1x | 7.6x |
| Fri, 13 Aug 2021 | HK$389.8b | HK$46.5b | HK$3.8b | 31.1x | 103.1x | 8.4x |
Price to Earnings Ratio
103.1x
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 4.8x is higher than the industry's current PS ratio of 2.2x.
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 5.4% 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 | -2.82% | |
| Healthcare | 0.38% | |
| Medical Equipment | -1.29% | |
| Medical Equipment | -1.16% | |
| Medical Supplies | -1.51% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry even though it's trading below its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 12.6%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1302 LifeTech Scientific | HK$1.56 | 12.2% +HK$787.2m | -41.1% | PE25.1x | |
| 6669 Acotec Scientific Holdings | HK$7.91 | 17.0% +HK$360.4m | -40.4% | PE156.8x | |
| 6609 Shanghai HeartCare Medical Technology | HK$17.50 | 16.0% +HK$92.3m | -41.2% | PS2.6x | |
| 1858 Beijing Chunlizhengda Medical Instruments | HK$8.10 | 3.1% +HK$92.0m | -39.5% | PE10.3x | |
| 1066 Shandong Weigao Group Medical Polymer | HK$3.90 | 0.5% +HK$91.4m | -57.8% | PE8.2x |
