Norwegian (OSEAX) Medical Equipment Industry Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies4
- 7D2.4%
- 3M-13.7%
- 1Y-33.8%
- YTD-18.6%
Lifecare is up 17%, leading the way for the Medical Equipment industry, which has gained 2.4%. In contrast, the industry has lost 34% in the last 12 months. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the Norwegian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | kr4.4b | kr713.9m | -kr5,466,403.00 | 32x | -799.3x | 6.1x |
| Wed, 17 Apr 2024 | kr4.6b | kr704.5m | -kr2,437,211.00 | 32.7x | -1873.4x | 6.5x |
| Fri, 15 Mar 2024 | kr4.6b | kr708.2m | -kr3,216,309.00 | 34.1x | -1428.3x | 6.5x |
| Sun, 11 Feb 2024 | kr5.1b | kr701.7m | kr6.4m | 33.2x | 807.2x | 7.3x |
| Tue, 09 Jan 2024 | kr5.1b | kr693.9m | kr11.5m | 32.7x | 441x | 7.3x |
| Thu, 07 Dec 2023 | kr4.8b | kr693.9m | kr11.5m | 31.8x | 416x | 6.9x |
| Sat, 04 Nov 2023 | kr5.0b | kr698.0m | kr17.9m | 33.7x | 278.5x | 7.1x |
| Mon, 02 Oct 2023 | kr5.0b | kr681.6m | kr7.8m | 33.6x | 643.9x | 7.4x |
| Wed, 30 Aug 2023 | kr5.3b | kr667.2m | kr14.2m | 37.7x | 372x | 7.9x |
| Fri, 28 Jul 2023 | kr5.8b | kr664.1m | kr28.3m | 41.8x | 203.4x | 8.7x |
| Sun, 25 Jun 2023 | kr5.9b | kr664.1m | kr28.3m | 42.2x | 208.5x | 8.9x |
| Tue, 23 May 2023 | kr6.0b | kr663.5m | kr30.0m | 42.7x | 198.7x | 9x |
| Thu, 20 Apr 2023 | kr6.0b | kr639.8m | kr22.1m | 44.2x | 271.3x | 9.4x |
| Sat, 18 Mar 2023 | kr5.4b | kr644.1m | kr23.3m | 38.9x | 230.4x | 8.3x |
| Mon, 13 Feb 2023 | kr5.2b | kr600.7m | kr9.6m | 42.4x | 537.1x | 8.6x |
| Wed, 11 Jan 2023 | kr5.2b | kr600.7m | kr9.6m | 43.5x | 542.6x | 8.7x |
| Fri, 09 Dec 2022 | kr5.4b | kr600.7m | kr9.6m | 45.8x | 563x | 9x |
| Sun, 06 Nov 2022 | kr5.7b | kr598.2m | kr11.2m | 48.2x | 513.7x | 9.6x |
| Tue, 04 Oct 2022 | kr5.0b | kr578.1m | kr7.9m | 42.7x | 633x | 8.7x |
| Thu, 01 Sep 2022 | kr5.3b | kr578.1m | kr7.9m | 44.5x | 671.1x | 9.2x |
| Sat, 30 Jul 2022 | kr6.8b | kr560.5m | kr19.9m | 58x | 339.7x | 12.1x |
| Mon, 27 Jun 2022 | kr5.9b | kr560.5m | kr19.9m | 49.9x | 298.2x | 10.6x |
| Wed, 25 May 2022 | kr5.6b | kr531.8m | kr50.4m | 49.7x | 110.2x | 10.4x |
| Fri, 22 Apr 2022 | kr6.2b | kr519.1m | kr56.6m | 56.1x | 110x | 12x |
| Sun, 20 Mar 2022 | kr5.2b | kr523.2m | kr56.6m | 47.1x | 92.2x | 10x |
| Tue, 15 Feb 2022 | kr6.3b | kr495.4m | kr60.1m | 57.8x | 105.3x | 12.8x |
| Thu, 13 Jan 2022 | kr7.6b | kr495.4m | kr60.1m | 71.7x | 127.2x | 15.4x |
| Sat, 11 Dec 2021 | kr7.8b | kr495.4m | kr60.1m | 73.2x | 129x | 15.7x |
| Mon, 08 Nov 2021 | kr8.3b | kr495.4m | kr63.6m | 78.3x | 130.1x | 16.7x |
| Wed, 06 Oct 2021 | kr7.9b | kr494.4m | kr29.3m | 74.5x | 270.8x | 16x |
| Fri, 03 Sep 2021 | kr8.1b | kr494.4m | kr35.3m | 80.4x | 230.1x | 16.4x |
| Sun, 01 Aug 2021 | kr7.0b | kr494.4m | kr35.3m | 68.4x | 199.6x | 14.2x |
Price to Earnings Ratio
500.4x
Current Industry PE
- Investors are pessimistic on the Norwegian 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 10.3x is higher than the industry's current PS ratio of 6.1x.
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.
- Meanwhile revenues have grown 17% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Norwegian Healthcare industry?
| NO Market | -1.02% | |
| Healthcare | 2.71% | |
| Medical Equipment | 2.36% | |
| Medical Equipment | 2.99% | |
| Medical Supplies | -1.55% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 142x.
- Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings decline of 11.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 120% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|
| LIFE Lifecare | kr3.10 | 13.4% +kr49.2m | 66.4% | PS38.3x | |
| MEDI Medistim | kr179.00 | 1.1% +kr36.6m | -33.9% | PE32x | |
| GENT Gentian Diagnostics | kr38.00 | 0.5% +kr3.1m | -17.4% | PS3.9x |