Japanese (NIKKEI) Medical Equipment Industry Analysis
UpdatedJun 02, 2023
DataAggregated Company Financials
Companies40
- 7D3.7%
- 3M13.8%
- 1Y10.7%
- YTD19.9%
The Medical Equipment is pretty flat in the last 7 days, but HOYA has stood out, gaining 8.8%. As for the the longer term, the industry is up 7.0% over the past 12 months. Looking forward, earnings are forecast to grow by 9.0% annually.
Industry Valuation and Performance
Has the Japanese Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 02 Jun 2023 | JP¥17.3t | JP¥5.1t | JP¥583.3b | 16.7x | 29.7x | 3.4x |
| Sun, 30 Apr 2023 | JP¥15.9t | JP¥5.1t | JP¥558.5b | 17.2x | 28.4x | 3.1x |
| Tue, 28 Mar 2023 | JP¥15.1t | JP¥5.1t | JP¥559.2b | 16.9x | 27x | 3x |
| Thu, 23 Feb 2023 | JP¥14.9t | JP¥5.1t | JP¥559.2b | 17x | 26.6x | 2.9x |
| Sat, 21 Jan 2023 | JP¥15.3t | JP¥4.9t | JP¥551.3b | 14.8x | 27.7x | 3.1x |
| Mon, 19 Dec 2022 | JP¥16.1t | JP¥4.9t | JP¥551.1b | 15.3x | 29.3x | 3.3x |
| Wed, 16 Nov 2022 | JP¥17.0t | JP¥4.9t | JP¥550.5b | 15.2x | 30.9x | 3.5x |
| Fri, 14 Oct 2022 | JP¥16.4t | JP¥4.8t | JP¥541.1b | 14.4x | 30.4x | 3.4x |
| Sun, 11 Sep 2022 | JP¥17.7t | JP¥4.8t | JP¥540.3b | 15.9x | 32.8x | 3.7x |
| Tue, 09 Aug 2022 | JP¥16.9t | JP¥4.7t | JP¥550.2b | 15.8x | 30.7x | 3.6x |
| Thu, 07 Jul 2022 | JP¥15.7t | JP¥4.7t | JP¥545.3b | 14.8x | 28.7x | 3.3x |
| Sat, 04 Jun 2022 | JP¥16.2t | JP¥4.7t | JP¥544.7b | 14.7x | 29.7x | 3.5x |
| Mon, 02 May 2022 | JP¥15.5t | JP¥4.6t | JP¥550.2b | 13x | 28.2x | 3.4x |
| Wed, 30 Mar 2022 | JP¥16.1t | JP¥4.6t | JP¥549.6b | 13.5x | 29.2x | 3.5x |
| Fri, 25 Feb 2022 | JP¥15.9t | JP¥4.6t | JP¥549.6b | 13x | 28.8x | 3.5x |
| Sun, 23 Jan 2022 | JP¥17.3t | JP¥4.5t | JP¥558.4b | 13x | 31.1x | 3.9x |
| Tue, 21 Dec 2021 | JP¥19.3t | JP¥4.5t | JP¥558.2b | 14.1x | 34.5x | 4.3x |
| Thu, 18 Nov 2021 | JP¥20.6t | JP¥4.5t | JP¥558.2b | 15.6x | 37x | 4.6x |
| Sat, 16 Oct 2021 | JP¥20.3t | JP¥4.3t | JP¥509.9b | 17.9x | 39.8x | 4.7x |
| Mon, 13 Sep 2021 | JP¥20.8t | JP¥4.0t | JP¥493.9b | 19.4x | 42.1x | 5.1x |
| Wed, 11 Aug 2021 | JP¥18.7t | JP¥4.0t | JP¥493.9b | 18.6x | 37.8x | 4.6x |
| Sun, 06 Jun 2021 | JP¥17.1t | JP¥3.8t | JP¥424.5b | 20.5x | 40.2x | 4.5x |
| Wed, 10 Mar 2021 | JP¥15.8t | JP¥3.7t | JP¥349.5b | 22.7x | 45.3x | 4.2x |
| Tue, 01 Dec 2020 | JP¥17.0t | JP¥3.7t | JP¥329.2b | 23.9x | 51.8x | 4.6x |
| Fri, 04 Sep 2020 | JP¥15.0t | JP¥3.8t | JP¥343.6b | 25.3x | 43.7x | 4x |
| Mon, 08 Jun 2020 | JP¥14.5t | JP¥3.9t | JP¥366.1b | 28.1x | 39.5x | 3.7x |
Price to Earnings Ratio
39.5x
Current Industry PE
- Investors are pessimistic on the Japanese 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 29.3x which is lower than its 3-year average PE of 36.1x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 Japanese Healthcare industry?
| JP Market | 0.063% | |
| Healthcare | 0.57% | |
| Medical Equipment | 3.68% | |
| Medical Supplies | 6.70% | |
| Medical Equipment | 1.28% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 37.0x.
- Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings growth of 2.5% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 35.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 10.0% over the next 5 years.
- This is better than its past earnings growth rate of 2.5% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 8.2% 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 | |
|---|---|---|---|---|---|
| 7741 HOYA | JP¥17.85k | 8.8% +JP¥510.9b | 33.6% | PE37.4x | |
| 4543 Terumo | JP¥4.30k | 3.4% +JP¥106.5b | 8.2% | PE35.9x | |
| 6951 JEOL | JP¥4.83k | 8.1% +JP¥18.4b | -21.8% | PE13.8x | |
| 6869 Sysmex | JP¥9.31k | 0.9% +JP¥17.4b | 12.7% | PE42.6x | |
| 7780 Menicon | JP¥2.58k | 2.4% +JP¥4.6b | -5.4% | PE26.6x |