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Norwegian (OSEAX) Medical Equipment Industry Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies4
  • 7D-0.6%
  • 3M-14.9%
  • 1Y-34.8%
  • YTD-34.0%

The Medical Equipment industry is up 5.4% in the last week, with Medistim up 11%. In the past year, the industry is down 27%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Norwegian Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024NOK 3.8bNOK 740.2m-NOK 1,466,211.00149.5x-2571.6x5.1x
Tue, 19 Nov 2024NOK 3.4bNOK 740.2m-NOK 1,701,390.00155.3x-2005.7x4.6x
Thu, 17 Oct 2024NOK 3.9bNOK 715.8mNOK 54.7m29.8x70.7x5.4x
Sat, 14 Sep 2024NOK 4.4bNOK 731.9mNOK 4.8m31.2x916.2x6x
Mon, 12 Aug 2024NOK 4.2bNOK 713.9m-NOK 5,474,403.0028.8x-774.3x5.9x
Wed, 10 Jul 2024NOK 4.4bNOK 713.9m-NOK 5,474,403.0029.9x-803.3x6.2x
Fri, 07 Jun 2024NOK 4.4bNOK 713.9m-NOK 5,474,403.0033x-808.6x6.2x
Sun, 05 May 2024NOK 4.3bNOK 716.1mNOK 1.1m31.5x3980.7x6.1x
Tue, 02 Apr 2024NOK 4.5bNOK 703.0m-NOK 3,507,309.0032.8x-1272.5x6.3x
Thu, 29 Feb 2024NOK 4.9bNOK 701.7mNOK 6.4m31.8x769.4x7x
Sat, 27 Jan 2024NOK 5.1bNOK 693.9mNOK 11.5m33.1x443.9x7.4x
Mon, 25 Dec 2023NOK 5.4bNOK 693.9mNOK 11.5m35.4x472.1x7.8x
Wed, 22 Nov 2023NOK 4.9bNOK 693.9mNOK 11.5m32.3x425.8x7.1x
Fri, 20 Oct 2023NOK 4.5bNOK 681.6mNOK 7.8m29.6x573.7x6.6x
Sun, 17 Sep 2023NOK 4.8bNOK 687.1mNOK 14.0m34.1x345.8x7x
Tue, 15 Aug 2023NOK 5.5bNOK 664.1mNOK 28.3m39.1x194.2x8.3x
Thu, 13 Jul 2023NOK 5.9bNOK 664.1mNOK 28.3m42.5x208.5x8.9x
Sat, 10 Jun 2023NOK 5.7bNOK 664.1mNOK 28.3m40.2x199.9x8.5x
Mon, 08 May 2023NOK 6.4bNOK 663.5mNOK 30.0m46x212.6x9.6x
Wed, 05 Apr 2023NOK 6.1bNOK 645.5mNOK 22.1m45.5x276.3x9.5x
Fri, 03 Mar 2023NOK 5.3bNOK 640.4mNOK 26.5m37.7x201.2x8.3x
Sun, 29 Jan 2023NOK 5.0bNOK 600.7mNOK 9.6m41.1x521.2x8.4x
Tue, 27 Dec 2022NOK 5.1bNOK 600.7mNOK 9.6m42.1x528x8.5x
Thu, 24 Nov 2022NOK 5.7bNOK 593.9mNOK 4.8m47.9x1172.4x9.5x
Sat, 22 Oct 2022NOK 5.1bNOK 578.1mNOK 7.9m44x643.2x8.8x
Mon, 19 Sep 2022NOK 4.9bNOK 578.1mNOK 7.9m40x618.1x8.5x
Wed, 17 Aug 2022NOK 6.4bNOK 560.5mNOK 19.9m53.2x319.6x11.4x
Fri, 15 Jul 2022NOK 7.0bNOK 560.5mNOK 19.9m62x352.8x12.5x
Sun, 12 Jun 2022NOK 6.4bNOK 560.5mNOK 19.9m54.8x320.7x11.4x
Tue, 10 May 2022NOK 5.2bNOK 531.8mNOK 50.4m45.2x102.4x9.7x
Thu, 07 Apr 2022NOK 6.1bNOK 519.1mNOK 56.6m56.9x108.5x11.8x
Sat, 05 Mar 2022NOK 5.8bNOK 523.2mNOK 56.6m53.3x102.4x11.1x
Mon, 31 Jan 2022NOK 6.8bNOK 495.4mNOK 60.1m62.3x112.9x13.7x
Wed, 29 Dec 2021NOK 8.4bNOK 495.4mNOK 60.1m81.2x140.4x17x
Price to Earnings Ratio

140.4x


Total Market Cap: NOK 8.4bTotal Earnings: NOK 60.1mTotal Revenue: NOK 495.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Medical Equipment Industry Price to Earnings3Y Average 151.3x202220232024
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 8.6x is higher than the industry's current PS ratio of 5.1x.
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 14% 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-2.76%
Healthcare0.23%
Medical Equipment-0.64%
Medical Supplies0%
Medical Equipment-0.76%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 63.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 63% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 3.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LIFE LifecareNOK 13.502.3%
+NOK 4.8m		-76.4%PS14.2x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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Latest News

OBSRV

NOK 0.40

Observe Medical

7D

-1.5%

1Y

21.1%

MEDI

NOK 156.00

Medistim

7D

-1.0%

1Y

-31.3%

Medistim ASA's (OB:MEDI) Shares May Have Run Too Fast Too Soon

Dec 13
Medistim ASA's (OB:MEDI) Shares May Have Run Too Fast Too Soon

LIFE

NOK 13.50

Lifecare

7D

2.3%

1Y

-76.4%