Header cover image

Norwegian (OSEAX) Medical Equipment Industry Analysis

UpdatedAug 26, 2024
DataAggregated Company Financials
Companies4
  • 7D2.4%
  • 3M-11.5%
  • 1Y-22.2%
  • YTD-24.9%

In the last week, the Medical Equipment industry is up 2.4%, with Medistim up 1.5%. Meanwhile, Lifecare actually underperformed within the industry, shrinking 6.6% in the last week. However, the industry is down 22% over the past year. Earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Aug 2024NOK 4.3bNOK 721.4m-NOK 3,669,403.0028.8x-1159.2x5.9x
Wed, 24 Jul 2024NOK 4.4bNOK 713.9m-NOK 5,474,403.0030.3x-807.9x6.2x
Fri, 21 Jun 2024NOK 4.3bNOK 713.9m-NOK 5,474,403.0032x-790x6.1x
Sun, 19 May 2024NOK 4.4bNOK 713.9m-NOK 5,466,403.0032x-799.3x6.1x
Tue, 16 Apr 2024NOK 4.6bNOK 704.5m-NOK 2,437,211.0032.7x-1873.4x6.5x
Thu, 14 Mar 2024NOK 4.6bNOK 708.2m-NOK 3,216,309.0034.3x-1439.5x6.5x
Sat, 10 Feb 2024NOK 5.1bNOK 693.9mNOK 11.5m33.2x445.5x7.4x
Mon, 08 Jan 2024NOK 5.2bNOK 693.9mNOK 11.5m33.3x450.8x7.5x
Wed, 06 Dec 2023NOK 4.7bNOK 693.9mNOK 11.5m31x408.4x6.8x
Fri, 03 Nov 2023NOK 4.8bNOK 698.0mNOK 17.9m32.4x266.6x6.8x
Sun, 01 Oct 2023NOK 5.0bNOK 681.6mNOK 7.8m33.6x643.9x7.4x
Tue, 29 Aug 2023NOK 5.1bNOK 667.2mNOK 14.2m36.2x360.8x7.7x
Thu, 27 Jul 2023NOK 5.8bNOK 664.1mNOK 28.3m41.3x203.4x8.7x
Sat, 24 Jun 2023NOK 5.9bNOK 664.1mNOK 28.3m42.2x208.5x8.9x
Mon, 22 May 2023NOK 6.3bNOK 663.5mNOK 30.0m46x211.7x9.6x
Wed, 19 Apr 2023NOK 6.0bNOK 639.8mNOK 22.1m44.5x271.8x9.4x
Fri, 17 Mar 2023NOK 5.3bNOK 644.1mNOK 23.3m38.6x228.8x8.3x
Sun, 12 Feb 2023NOK 5.2bNOK 600.7mNOK 9.6m42.4x537.1x8.6x
Tue, 10 Jan 2023NOK 5.2bNOK 600.7mNOK 9.6m43x538.6x8.7x
Thu, 08 Dec 2022NOK 5.4bNOK 600.7mNOK 9.6m45.2x558x9x
Sat, 05 Nov 2022NOK 5.7bNOK 598.2mNOK 11.2m48.2x513.7x9.6x
Mon, 03 Oct 2022NOK 4.9bNOK 578.1mNOK 7.9m41.3x615x8.4x
Wed, 31 Aug 2022NOK 5.7bNOK 578.1mNOK 7.9m48.5x715.5x9.8x
Fri, 29 Jul 2022NOK 6.5bNOK 560.5mNOK 19.9m55x324.8x11.5x
Sun, 26 Jun 2022NOK 5.9bNOK 560.5mNOK 19.9m49.9x298.2x10.6x
Tue, 24 May 2022NOK 5.4bNOK 531.8mNOK 50.4m48.5x107.8x10.2x
Thu, 21 Apr 2022NOK 6.3bNOK 519.1mNOK 56.6m57.6x112x12.2x
Sat, 19 Mar 2022NOK 5.2bNOK 523.2mNOK 56.6m47.1x92.2x10x
Mon, 14 Feb 2022NOK 6.5bNOK 495.4mNOK 60.1m59.7x108.1x13.1x
Wed, 12 Jan 2022NOK 7.9bNOK 495.4mNOK 60.1m74.3x130.8x15.9x
Fri, 10 Dec 2021NOK 7.8bNOK 495.4mNOK 60.1m74x130x15.8x
Sun, 07 Nov 2021NOK 8.3bNOK 495.4mNOK 63.6m78.3x130.1x16.7x
Tue, 05 Oct 2021NOK 7.6bNOK 494.4mNOK 29.3m69.7x257.7x15.3x
Thu, 02 Sep 2021NOK 8.1bNOK 494.4mNOK 35.3m80x228.4x16.3x
Price to Earnings Ratio

228.4x


Total Market Cap: NOK 8.1bTotal Earnings: NOK 35.3mTotal Revenue: NOK 494.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Medical Equipment Industry Price to Earnings3Y Average 206.5x202220232024
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 9.7x is higher than the industry's current PS ratio of 5.9x.
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.
  • Meanwhile revenues have grown 13% 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-0.89%
Healthcare-9.58%
Medical Equipment2.42%
Medical Equipment2.77%
Medical Supplies0.95%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 970x.
    • Analysts are expecting annual earnings growth of 6.5%, which is higher than its past year's earnings decline of 9.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 6.5% 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
MEDI MedistimNOK 164.001.5%
+NOK 45.8m		-28.7%PE28.8x
OBSRV Observe MedicalNOK 0.448.9%
+NOK 8.8m		-43.9%PS3.9x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MEDI

NOK 164.00

Medistim

7D

1.5%

1Y

-28.7%

Medistim ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Aug 19
Medistim ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

OBSRV

NOK 0.44

Observe Medical

7D

8.9%

1Y

-43.9%

GENT

NOK 53.00

Gentian Diagnostics

7D

-1.9%

1Y

20.7%

LIFE

NOK 1.66

Lifecare

7D

-6.6%

1Y

-6.1%