Is Comfort Gloves Berhad (KLSE:COMFORT) Using Debt Sensibly?
Mar 21
Malaysian (KLSE) Medical Equipment Industry Analysis
UpdatedMar 22, 2023
DataAggregated Company Financials
Companies9
- 7D31.7%
- 3M27.7%
- 1Y-47.1%
- YTD15.2%
In the last week, the Medical Equipment industry is up 32%, with Top Glove Corporation Bhd up 36%. In the same time, One Glove Group Berhad was down 9.9%. However, the industry is down 47% over the past year. Looking forward, earnings are forecast to grow by 78% annually.
Industry Valuation and Performance
Has the Malaysian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 Mar 2023 | RM21.3b | RM11.1b | -RM603,786,526.00 | 21.2x | -35.2x | 1.9x |
| Sat, 18 Feb 2023 | RM17.9b | RM12.9b | RM136.0m | 9.4x | 131.3x | 1.4x |
| Mon, 16 Jan 2023 | RM17.5b | RM14.2b | RM804.4m | 16x | 21.7x | 1.2x |
| Wed, 14 Dec 2022 | RM17.2b | RM15.2b | RM1.2b | 25.2x | 14.7x | 1.1x |
| Fri, 11 Nov 2022 | RM20.6b | RM16.5b | RM1.9b | 30x | 11.1x | 1.2x |
| Sun, 09 Oct 2022 | RM16.5b | RM18.7b | RM3.3b | 5.4x | 5.1x | 0.9x |
| Tue, 06 Sep 2022 | RM17.3b | RM19.7b | RM3.8b | 5.1x | 4.6x | 0.9x |
| Thu, 04 Aug 2022 | RM23.6b | RM24.5b | RM7.0b | 3.8x | 3.4x | 1x |
| Sat, 02 Jul 2022 | RM23.8b | RM26.1b | RM8.0b | 2.9x | 3x | 0.9x |
| Mon, 30 May 2022 | RM33.3b | RM28.8b | RM10.0b | 4.1x | 3.3x | 1.2x |
| Wed, 27 Apr 2022 | RM38.2b | RM33.3b | RM13.5b | 1.7x | 2.8x | 1.1x |
| Fri, 25 Mar 2022 | RM40.3b | RM33.3b | RM13.5b | 1.7x | 3x | 1.2x |
| Sun, 20 Feb 2022 | RM42.4b | RM38.8b | RM17.4b | 1.7x | 2.4x | 1.1x |
| Tue, 18 Jan 2022 | RM47.8b | RM40.3b | RM18.5b | 1.8x | 2.6x | 1.2x |
| Thu, 16 Dec 2021 | RM43.1b | RM40.3b | RM18.5b | 1.6x | 2.3x | 1.1x |
| Sat, 13 Nov 2021 | RM51.0b | RM43.4b | RM20.9b | 1.7x | 2.4x | 1.2x |
| Mon, 11 Oct 2021 | RM56.2b | RM42.5b | RM20.5b | 2x | 2.7x | 1.3x |
| Wed, 08 Sep 2021 | RM68.4b | RM40.9b | RM19.9b | 2.6x | 3.4x | 1.7x |
| Fri, 06 Aug 2021 | RM69.6b | RM41.9b | RM20.5b | 3.1x | 3.4x | 1.7x |
| Mon, 10 May 2021 | RM109.6b | RM33.8b | RM15.2b | 6.5x | 7.2x | 3.2x |
| Sun, 31 Jan 2021 | RM129.4b | RM25.0b | RM9.4b | 12.3x | 13.8x | 5.2x |
| Wed, 04 Nov 2020 | RM177.7b | RM17.7b | RM4.7b | 35.8x | 37.9x | 10x |
| Sat, 08 Aug 2020 | RM189.0b | RM13.6b | RM2.1b | 71.4x | 90.5x | 13.9x |
| Fri, 01 May 2020 | RM55.3b | RM12.1b | RM1.2b | 35.4x | 46.6x | 4.6x |
Price to Earnings Ratio
41.5x
Current Industry PE
- Investors are pessimistic on the Malaysian 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 3.5x is higher than the industry's current PS ratio of 1.9x.
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.
- Revenues have also declined 2.9% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Malaysian Healthcare industry?
| MY Market | 0.79% | |
| Healthcare | 6.01% | |
| Medical Equipment | 31.67% | |
| Medical Supplies | 31.71% | |
| Medical Equipment | 0% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 78% over the next 5 years.
- This is better than its past earnings decline of 95% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 78% 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 | |
|---|---|---|---|---|---|
| TOPGLOV Top Glove Corporation Bhd | RM0.95 | 35.7% +RM2.0b | -50.0% | PS2x | |
| HARTA Hartalega Holdings Berhad | RM1.97 | 25.5% +RM1.4b | -59.2% | PS2.4x | |
| KOSSAN Kossan Rubber Industries Bhd | RM1.30 | 14.0% +RM408.3m | -31.6% | PE21.2x | |
| SUPERMX Supermax Corporation Berhad | RM0.92 | 14.3% +RM304.2m | -22.0% | PS2.2x | |
| CAREPLS Careplus Group Berhad | RM0.30 | 24.5% +RM34.4m | -55.1% | PS0.7x |
