We Think That There Are More Issues For I.M.D. International Medical Devices (BIT:IMD) Than Just Sluggish Earnings
Apr 20
Italian (Borsa Italiana) Medical Equipment Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies6
- 7D3.2%
- 3M9.8%
- 1Y-6.9%
- YTD1.5%
Over the last 7 days, the Medical Equipment industry has risen 3.2%, driven by gains from DiaSorin of 8.5%. In the same time, EL.En was down 5.7%. In contrast, the industry has lost 6.9% in the last 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the Italian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | €6.0b | €12.8b | €807.3m | 15.8x | 7.4x | 0.5x |
| Thu, 21 Mar 2024 | €5.9b | €12.8b | €806.9m | 14.2x | 7.3x | 0.5x |
| Sat, 17 Feb 2024 | €5.7b | €12.8b | €797.6m | 13.8x | 7.1x | 0.4x |
| Mon, 15 Jan 2024 | €5.7b | €12.8b | €797.6m | 14.3x | 7.1x | 0.4x |
| Wed, 13 Dec 2023 | €5.6b | €12.8b | €797.6m | 14.1x | 7x | 0.4x |
| Fri, 10 Nov 2023 | €5.7b | €12.8b | €802.0m | 14.1x | 7.1x | 0.4x |
| Sun, 08 Oct 2023 | €5.5b | €12.9b | €840.2m | 11.5x | 6.6x | 0.4x |
| Tue, 05 Sep 2023 | €6.2b | €11.6b | €534.9m | 14.2x | 11.6x | 0.5x |
| Thu, 03 Aug 2023 | €6.2b | €2.1b | €252.0m | 15.6x | 24.7x | 2.9x |
| Sat, 01 Jul 2023 | €6.1b | €2.1b | €262.4m | 19.6x | 23.3x | 2.9x |
| Mon, 29 May 2023 | €6.3b | €2.1b | €262.4m | 19.6x | 24.2x | 3x |
| Wed, 26 Apr 2023 | €6.3b | €2.2b | €303.9m | 19.3x | 20.7x | 2.9x |
| Fri, 24 Mar 2023 | €6.3b | €2.2b | €346.5m | 18x | 18.3x | 2.9x |
| Sun, 19 Feb 2023 | €7.6b | €2.2b | €342.8m | 23.3x | 22.3x | 3.5x |
| Tue, 17 Jan 2023 | €8.3b | €2.2b | €342.8m | 23.8x | 24.2x | 3.8x |
| Thu, 15 Dec 2022 | €8.8b | €2.2b | €342.8m | 24.8x | 25.7x | 4.1x |
| Sat, 12 Nov 2022 | €8.6b | €2.2b | €342.8m | 23.6x | 25.2x | 4x |
| Mon, 10 Oct 2022 | €7.3b | €2.2b | €360.6m | 19.3x | 20.2x | 3.4x |
| Wed, 07 Sep 2022 | €8.4b | €2.1b | €359.4m | 22.7x | 23.3x | 3.9x |
| Fri, 05 Aug 2022 | €9.0b | €2.1b | €372.1m | 24.1x | 24.2x | 4.4x |
| Sun, 03 Jul 2022 | €8.1b | €2.0b | €368.9m | 21.8x | 21.8x | 4.1x |
| Tue, 31 May 2022 | €8.0b | €1.9b | €365.5m | 22.7x | 21.8x | 4.1x |
| Thu, 28 Apr 2022 | €7.8b | €1.9b | €361.4m | 22.4x | 21.7x | 4.2x |
| Sat, 26 Mar 2022 | €8.4b | €1.8b | €356.1m | 23.9x | 23.6x | 4.6x |
| Mon, 21 Feb 2022 | €9.3b | €2.0b | €440.8m | 20.6x | 21.1x | 4.6x |
| Wed, 19 Jan 2022 | €10.9b | €2.0b | €440.8m | 22.8x | 24.8x | 5.4x |
| Fri, 17 Dec 2021 | €13.0b | €2.0b | €440.8m | 23.9x | 29.5x | 6.4x |
| Sun, 14 Nov 2021 | €13.7b | €1.9b | €416.7m | 33.9x | 32.9x | 7.2x |
| Tue, 12 Oct 2021 | €12.4b | €1.9b | €438.8m | 30.6x | 28.2x | 6.4x |
| Thu, 09 Sep 2021 | €15.2b | €1.9b | €438.8m | 32.1x | 34.7x | 7.8x |
| Sat, 07 Aug 2021 | €12.8b | €1.9b | €433.7m | 31.3x | 29.6x | 6.8x |
| Fri, 30 Apr 2021 | €11.0b | €1.8b | €418.8m | 25.2x | 26.2x | 6x |
Price to Earnings Ratio
26.2x
Current Industry PE
- Investors are pessimistic on the Italian Medical Equipment 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 7.4x which is lower than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 0.47x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 91% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Healthcare industry?
| IT Market | -0.31% | |
| Healthcare | 0.99% | |
| Medical Equipment | 3.17% | |
| Medical Supplies | 21.65% | |
| Medical Equipment | 2.74% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 24.3% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 14.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 33% over the next 5 years.
- However this is lower than its past earnings growth rate of 43% per year.
- In contrast, the Medical Equipment 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 | |
|---|---|---|---|---|---|
| DIA DiaSorin | €94.94 | 8.5% +€394.9m | -4.4% | PE31.7x | |
| MDC Medica | €26.20 | 37.9% +€30.4m | 20.2% | PE37.3x |
