Shareholders Shouldn’t Be Too Comfortable With Mercator Medical's (WSE:MRC) Strong Earnings
Dec 05
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Polish (WIG) Medical Equipment Industry Analysis
UpdatedJan 07, 2026
DataAggregated Company Financials
Companies14
- 7D6.5%
- 3M-5.0%
- 1Y1.8%
- YTD3.8%
In the last week, the Medical Equipment industry is up 6.1%, with Mercator Medical up 10%. This means that the industry has gained 5.5% over the past year. As for the next few years, earnings are expected to grow by 49% per annum.
Industry Valuation and Performance
Has the Polish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Jan 2026 | zł1.6b | zł792.5m | zł164.5m | 8.3x | 9.9x | 2.1x |
| Fri, 05 Dec 2025 | zł1.5b | zł793.1m | zł164.5m | 8.5x | 9.3x | 1.9x |
| Sun, 02 Nov 2025 | zł1.5b | zł776.2m | zł140.9m | 6.5x | 10.8x | 2x |
| Tue, 30 Sep 2025 | zł1.7b | zł754.2m | zł141.6m | 7x | 11.9x | 2.2x |
| Thu, 28 Aug 2025 | zł1.6b | zł753.1m | zł142.9m | 6.5x | 11.2x | 2.1x |
| Sat, 26 Jul 2025 | zł1.6b | zł753.7m | zł137.8m | 7.1x | 11.9x | 2.2x |
| Mon, 23 Jun 2025 | zł1.5b | zł753.7m | zł137.8m | 6.7x | 10.8x | 2x |
| Wed, 21 May 2025 | zł1.5b | zł739.0m | zł127.4m | 22.2x | 12x | 2.1x |
| Fri, 18 Apr 2025 | zł1.5b | zł676.3m | -zł21,972,349.00 | 28.9x | -70.3x | 2.3x |
| Sun, 16 Mar 2025 | zł1.6b | zł676.3m | -zł63,936,349.00 | 354.3x | -25.3x | 2.4x |
| Tue, 11 Feb 2025 | zł1.6b | zł673.7m | -zł67,113,638.00 | 36.9x | -23.8x | 2.4x |
| Thu, 09 Jan 2025 | zł1.6b | zł670.8m | -zł65,507,638.00 | 31.3x | -23.8x | 2.3x |
| Sat, 07 Dec 2024 | zł1.5b | zł670.8m | -zł65,507,638.00 | 36.6x | -22.8x | 2.2x |
| Mon, 04 Nov 2024 | zł1.6b | zł676.4m | -zł63,228,492.00 | 647.4x | -25.8x | 2.4x |
| Wed, 02 Oct 2024 | zł1.7b | zł661.5m | -zł58,341,492.00 | 432.1x | -28.8x | 2.5x |
| Fri, 30 Aug 2024 | zł1.7b | zł649.6m | -zł42,798,686.00 | 209.7x | -40x | 2.6x |
| Sun, 28 Jul 2024 | zł1.7b | zł653.1m | -zł42,155,380.00 | 121.9x | -39.2x | 2.5x |
| Tue, 25 Jun 2024 | zł1.6b | zł653.0m | -zł41,719,513.00 | 114.4x | -38.3x | 2.4x |
| Thu, 23 May 2024 | zł1.7b | zł684.6m | -zł59,343,159.00 | 74x | -28.7x | 2.5x |
| Sat, 20 Apr 2024 | zł1.7b | zł684.9m | -zł264,003,240.00 | 186.6x | -6.3x | 2.4x |
| Mon, 18 Mar 2024 | zł1.8b | zł684.9m | -zł262,514,240.00 | 132.2x | -6.7x | 2.6x |
| Wed, 14 Feb 2024 | zł1.8b | zł696.4m | -zł279,429,134.00 | 78.9x | -6.5x | 2.6x |
| Fri, 12 Jan 2024 | zł1.9b | zł671.7m | -zł283,620,599.00 | 85.7x | -6.9x | 2.9x |
| Sun, 10 Dec 2023 | zł1.9b | zł670.8m | zł56.3m | 49.1x | 33.1x | 2.8x |
| Tue, 07 Nov 2023 | zł1.7b | zł733.9m | zł106.0m | 11x | 15.9x | 2.3x |
| Thu, 05 Oct 2023 | zł1.8b | zł737.8m | zł118.1m | 10.7x | 14.9x | 2.4x |
| Sat, 02 Sep 2023 | zł1.9b | zł776.6m | zł98.7m | 12.9x | 19.1x | 2.4x |
| Mon, 31 Jul 2023 | zł1.9b | zł774.3m | zł101.0m | 14.7x | 18.5x | 2.4x |
| Wed, 28 Jun 2023 | zł1.9b | zł774.3m | zł121.7m | 11.6x | 15.9x | 2.5x |
| Fri, 26 May 2023 | zł1.9b | zł881.3m | zł169.6m | 7.4x | 10.9x | 2.1x |
| Sun, 23 Apr 2023 | zł1.7b | zł1.1b | zł188.0m | 15.5x | 9.3x | 1.6x |
| Tue, 21 Mar 2023 | zł2.0b | zł1.1b | zł192.2m | 16.2x | 10.6x | 1.8x |
| Thu, 16 Feb 2023 | zł1.9b | zł1.1b | zł192.1m | 8.9x | 9.7x | 1.7x |
| Sat, 14 Jan 2023 | zł1.8b | zł1.1b | zł192.0m | 9.3x | 9.4x | 1.6x |
Price to Earnings Ratio
9.4x
Current Industry PE
- Investors are pessimistic on the Polish Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.9x which is higher than its 3-year average PE of -5.4x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 5.0% per year over the last three years,
- Revenues have also declined 10% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Polish Healthcare industry?
| PL Market | 2.66% | |
| Healthcare | 3.03% | |
| Medical Equipment | 6.45% | |
| Medical Supplies | 9.43% | |
| Medical Equipment | 5.28% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 49.3% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 1.3x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 49% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 49% 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 | |
|---|---|---|---|---|---|
| MRC Mercator Medical | zł41.65 | 9.9% +zł34.8m | -22.7% | PE3.9x | |
| MDG Medicalgorithmics | zł36.55 | 8.8% +zł29.4m | 93.5% | PS13.6x | |
| SCP Scope Fluidics | zł142.00 | 4.3% +zł18.4m | -11.4% | PE8.3x | |
| INM InventionMed | zł0.13 | 22.2% +zł4.8m | -38.0% | PS11.5x | |
| BMX BioMaxima | zł12.85 | 6.6% +zł3.4m | 8.9% | PE83x |