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Aug 07
Japanese (NIKKEI) Medical Equipment Industry Analysis
UpdatedAug 07, 2024
DataAggregated Company Financials
Companies40
- 7D-6.2%
- 3M-1.6%
- 1Y2.1%
- YTD2.9%
Over the last 7 days, the Medical Equipment industry has dropped 6.2%, driven by a pullback from Terumo of 8.1%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Thu, 08 Aug 2024 | JP¥17.1t | JP¥5.3t | JP¥496.1b | 14.2x | 34.4x | 3.2x |
| Sat, 06 Jul 2024 | JP¥18.5t | JP¥5.3t | JP¥491.6b | 15.3x | 37.6x | 3.5x |
| Mon, 03 Jun 2024 | JP¥18.4t | JP¥5.4t | JP¥513.4b | 15.6x | 35.9x | 3.4x |
| Wed, 01 May 2024 | JP¥17.8t | JP¥5.3t | JP¥485.1b | 17.6x | 36.8x | 3.4x |
| Fri, 29 Mar 2024 | JP¥18.2t | JP¥5.3t | JP¥485.2b | 17.9x | 37.5x | 3.4x |
| Sun, 25 Feb 2024 | JP¥18.6t | JP¥5.3t | JP¥485.2b | 16.5x | 38.2x | 3.5x |
| Tue, 23 Jan 2024 | JP¥18.3t | JP¥5.2t | JP¥509.6b | 19x | 36x | 3.5x |
| Thu, 21 Dec 2023 | JP¥17.2t | JP¥5.2t | JP¥510.0b | 17.3x | 33.7x | 3.3x |
| Sat, 18 Nov 2023 | JP¥17.1t | JP¥5.2t | JP¥511.2b | 17.9x | 33.5x | 3.3x |
| Mon, 16 Oct 2023 | JP¥15.4t | JP¥5.1t | JP¥563.7b | 17.1x | 27.4x | 3x |
| Wed, 13 Sep 2023 | JP¥16.5t | JP¥5.1t | JP¥563.4b | 17.4x | 29.2x | 3.2x |
| Fri, 11 Aug 2023 | JP¥16.5t | JP¥5.2t | JP¥558.9b | 16.7x | 29.4x | 3.2x |
| Sun, 09 Jul 2023 | JP¥17.0t | JP¥5.1t | JP¥582.9b | 16.7x | 29.1x | 3.3x |
| Tue, 06 Jun 2023 | JP¥17.9t | JP¥5.1t | JP¥583.3b | 16.7x | 30.7x | 3.5x |
| Thu, 04 May 2023 | JP¥16.4t | JP¥5.1t | JP¥558.5b | 17.5x | 29.3x | 3.2x |
| Sat, 01 Apr 2023 | JP¥15.5t | JP¥5.1t | JP¥559.2b | 16.7x | 27.7x | 3.1x |
| Mon, 27 Feb 2023 | JP¥15.0t | JP¥5.1t | JP¥559.2b | 17.1x | 26.8x | 3x |
| Wed, 25 Jan 2023 | JP¥15.6t | JP¥4.9t | JP¥551.3b | 14.9x | 28.4x | 3.2x |
| Fri, 23 Dec 2022 | JP¥15.2t | JP¥4.9t | JP¥551.5b | 14.9x | 27.6x | 3.1x |
| Sun, 20 Nov 2022 | JP¥16.5t | JP¥4.9t | JP¥551.1b | 15.5x | 30x | 3.3x |
| Tue, 18 Oct 2022 | JP¥17.1t | JP¥4.8t | JP¥540.9b | 14.7x | 31.7x | 3.6x |
| Thu, 15 Sep 2022 | JP¥17.5t | JP¥4.8t | JP¥540.3b | 15.4x | 32.4x | 3.7x |
| Sat, 13 Aug 2022 | JP¥17.5t | JP¥4.8t | JP¥536.4b | 14.9x | 32.6x | 3.7x |
| Mon, 11 Jul 2022 | JP¥15.9t | JP¥4.7t | JP¥545.3b | 14.7x | 29.1x | 3.4x |
| Wed, 08 Jun 2022 | JP¥16.3t | JP¥4.7t | JP¥544.7b | 14.6x | 29.9x | 3.5x |
| Fri, 06 May 2022 | JP¥15.3t | JP¥4.6t | JP¥550.2b | 13.1x | 27.9x | 3.4x |
| Sun, 03 Apr 2022 | JP¥15.9t | JP¥4.6t | JP¥549.6b | 13.5x | 28.9x | 3.5x |
| Tue, 01 Mar 2022 | JP¥16.2t | JP¥4.6t | JP¥549.6b | 13.3x | 29.6x | 3.6x |
| Thu, 27 Jan 2022 | JP¥16.9t | JP¥4.5t | JP¥558.4b | 12.6x | 30.3x | 3.8x |
| Sat, 25 Dec 2021 | JP¥19.9t | JP¥4.5t | JP¥558.2b | 14.5x | 35.6x | 4.4x |
| Mon, 22 Nov 2021 | JP¥21.0t | JP¥4.5t | JP¥558.2b | 16x | 37.5x | 4.7x |
| Wed, 20 Oct 2021 | JP¥20.5t | JP¥4.3t | JP¥509.9b | 17.8x | 40.2x | 4.7x |
| Fri, 17 Sep 2021 | JP¥21.0t | JP¥4.0t | JP¥493.8b | 18.5x | 42.5x | 5.2x |
| Sun, 15 Aug 2021 | JP¥18.6t | JP¥4.0t | JP¥493.9b | 19x | 37.7x | 4.6x |
Price to Earnings Ratio
37.7x
Current Industry PE
- Investors are relatively neutral on the Japanese Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 32.1x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.4% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Japanese Healthcare industry?
| JP Market | -11.11% | |
| Healthcare | -7.22% | |
| Medical Equipment | -6.21% | |
| Medical Supplies | -2.48% | |
| Medical Equipment | -9.27% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 30.9x.
- Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 5.3% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 34.0x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 5.3% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 11% 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¥19.24k | 1.6% +JP¥83.4b | 16.8% | PE35.2x | |
| 6869 Sysmex | JP¥2.57k | 3.8% +JP¥58.9b | -1.9% | PE32.2x | |
| 6960 Fukuda Denshi | JP¥6.99k | 3.2% +JP¥6.3b | 39.0% | PE11.1x | |
| 3593 Hogy MedicalLtd | JP¥4.17k | 1.0% +JP¥862.1m | 32.0% | PE30.7x |
