Is I.M.D. International Medical Devices S.p.A. (BIT:IMD) Trading At A 45% Discount?
Nov 29
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Italian (Borsa Italiana) Medical Equipment Industry Analysis
UpdatedJan 17, 2025
DataAggregated Company Financials
Companies5
- 7D-2.5%
- 3M-3.4%
- 1Y17.4%
- YTD-0.3%
Over the last 7 days, the Medical Equipment industry has dropped 2.5%, driven by DiaSorin declining 2.9%. In contrast, I.M.D. International Medical Devices has gained 5.6%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 18 Jan 2025 | €6.3b | €2.0b | €248.1m | 13.9x | 25.6x | 3.2x |
| Mon, 16 Dec 2024 | €6.5b | €12.7b | €838.0m | 9.5x | 7.8x | 0.5x |
| Wed, 13 Nov 2024 | €6.8b | €12.7b | €836.6m | 9.9x | 8.1x | 0.5x |
| Fri, 11 Oct 2024 | €6.4b | €12.7b | €815.4m | 9.7x | 7.9x | 0.5x |
| Sun, 08 Sep 2024 | €6.2b | €12.7b | €811.0m | 10.9x | 7.7x | 0.5x |
| Tue, 06 Aug 2024 | €6.3b | €12.8b | €815.1m | 12.9x | 7.7x | 0.5x |
| Thu, 04 Jul 2024 | €6.2b | €12.8b | €810.1m | 13.5x | 7.6x | 0.5x |
| Sat, 01 Jun 2024 | €6.3b | €12.8b | €810.1m | 14.4x | 7.7x | 0.5x |
| Mon, 29 Apr 2024 | €6.2b | €12.8b | €807.3m | 15.6x | 7.7x | 0.5x |
| Wed, 27 Mar 2024 | €5.6b | €12.8b | €806.9m | 14x | 7x | 0.4x |
| Fri, 23 Feb 2024 | €5.8b | €12.8b | €797.6m | 13.6x | 7.3x | 0.5x |
| Sun, 21 Jan 2024 | €5.4b | €12.8b | €797.6m | 14.2x | 6.8x | 0.4x |
| Tue, 19 Dec 2023 | €5.8b | €12.8b | €797.6m | 14.8x | 7.3x | 0.5x |
| Thu, 16 Nov 2023 | €5.6b | €12.8b | €802.0m | 12.7x | 7x | 0.4x |
| Sat, 14 Oct 2023 | €5.3b | €12.9b | €839.6m | 12.2x | 6.3x | 0.4x |
| Mon, 11 Sep 2023 | €5.9b | €11.6b | €534.9m | 13.9x | 11x | 0.5x |
| Wed, 09 Aug 2023 | €6.0b | €2.1b | €252.5m | 15x | 23.8x | 2.8x |
| Fri, 07 Jul 2023 | €5.8b | €2.1b | €262.4m | 19.3x | 22.3x | 2.7x |
| Sun, 04 Jun 2023 | €6.3b | €2.1b | €262.4m | 19.6x | 24x | 3x |
| Tue, 02 May 2023 | €6.4b | €2.2b | €303.9m | 19.4x | 20.9x | 2.9x |
| Thu, 30 Mar 2023 | €6.3b | €2.2b | €302.1m | 19.6x | 21x | 2.9x |
| Sat, 25 Feb 2023 | €7.5b | €2.2b | €342.8m | 22.7x | 21.7x | 3.5x |
| Mon, 23 Jan 2023 | €8.0b | €2.2b | €342.8m | 23.3x | 23.4x | 3.7x |
| Wed, 21 Dec 2022 | €7.9b | €2.2b | €342.8m | 22.7x | 23.2x | 3.7x |
| Fri, 18 Nov 2022 | €8.2b | €2.2b | €342.8m | 22.8x | 24.1x | 3.8x |
| Sun, 16 Oct 2022 | €7.4b | €2.2b | €360.6m | 19.4x | 20.6x | 3.4x |
| Tue, 13 Sep 2022 | €8.6b | €2.1b | €359.4m | 23.5x | 24x | 4x |
| Thu, 11 Aug 2022 | €8.7b | €2.1b | €372.1m | 23.2x | 23.4x | 4.2x |
| Sat, 09 Jul 2022 | €8.6b | €2.0b | €368.9m | 23.4x | 23.4x | 4.4x |
| Mon, 06 Jun 2022 | €7.8b | €2.0b | €368.9m | 20.9x | 21.1x | 3.9x |
| Wed, 04 May 2022 | €8.0b | €1.9b | €361.4m | 22.6x | 22x | 4.3x |
| Fri, 01 Apr 2022 | €9.1b | €1.8b | €356.1m | 25.2x | 25.7x | 5.1x |
| Sun, 27 Feb 2022 | €9.8b | €2.0b | €440.8m | 21.7x | 22.3x | 4.8x |
| Tue, 25 Jan 2022 | €10.3b | €2.0b | €440.8m | 21.5x | 23.3x | 5x |
Price to Earnings Ratio
23.3x
Current Industry PE
- Investors are optimistic on the Italian Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.6x which is higher than its 3-year average PE of 15.9x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 17% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Italian Healthcare industry?
| IT Market | 1.18% | |
| Healthcare | 0.36% | |
| Medical Equipment | -2.47% | |
| Medical Supplies | -0.011% | |
| Medical Equipment | -2.49% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 24.7x.
- Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 10.2% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings decline by 7.9% 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 | |
|---|---|---|---|---|---|
| ELN EL.En | €11.19 | 1.1% +€9.6m | 20.8% | PE17.5x | |
| IMD I.M.D. International Medical Devices | €1.50 | 4.9% +€1.2m | -14.0% | PE10.1x |