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 03, 2026
DataAggregated Company Financials
Companies14
- 7D1.3%
- 3M-9.7%
- 1Y1.6%
- YTD0%
Over the last 7 days, the Medical Equipment industry has dropped 1.2%, driven by a pullback from Scope Fluidics of 2.5%. Meanwhile, Mercator Medical actually outperformed within the industry, gaining 5.7% in the last week. As for the longer term, the industry's performance has been flat for 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 |
|---|---|---|---|---|---|---|
| Sun, 04 Jan 2026 | zł1.6b | zł792.5m | zł164.5m | 8.1x | 9.6x | 2x |
| Tue, 02 Dec 2025 | zł1.6b | zł783.7m | zł169.4m | 7.8x | 9.2x | 2x |
| Thu, 30 Oct 2025 | zł1.6b | zł776.2m | zł140.9m | 6.5x | 11x | 2x |
| Sat, 27 Sep 2025 | zł1.7b | zł753.5m | zł140.8m | 6.9x | 12x | 2.2x |
| Mon, 25 Aug 2025 | zł1.6b | zł755.1m | zł139.2m | 6.6x | 11.7x | 2.2x |
| Wed, 23 Jul 2025 | zł1.6b | zł753.7m | zł137.8m | 6.9x | 11.4x | 2.1x |
| Fri, 20 Jun 2025 | zł1.5b | zł753.7m | zł137.8m | 6.6x | 10.6x | 1.9x |
| Sun, 18 May 2025 | zł1.5b | zł809.5m | zł127.0m | 19.6x | 12x | 1.9x |
| Tue, 15 Apr 2025 | zł1.6b | zł676.3m | -zł21,972,349.00 | 31x | -71x | 2.3x |
| Thu, 13 Mar 2025 | zł1.6b | zł676.3m | -zł63,936,349.00 | 291x | -25.3x | 2.4x |
| Sat, 08 Feb 2025 | zł1.6b | zł670.8m | -zł65,507,638.00 | 36.1x | -24.4x | 2.4x |
| Mon, 06 Jan 2025 | zł1.5b | zł670.8m | -zł65,507,638.00 | 32.3x | -23x | 2.2x |
| Wed, 04 Dec 2024 | zł1.5b | zł670.8m | -zł65,507,638.00 | 36.9x | -23.2x | 2.3x |
| Fri, 01 Nov 2024 | zł1.7b | zł676.4m | -zł63,228,492.00 | 577x | -26.5x | 2.5x |
| Sun, 29 Sep 2024 | zł1.7b | zł677.1m | -zł42,604,492.00 | 171.3x | -39.8x | 2.5x |
| Tue, 27 Aug 2024 | zł1.7b | zł649.6m | -zł42,798,688.00 | 212x | -40.4x | 2.7x |
| Thu, 25 Jul 2024 | zł1.6b | zł653.1m | -zł42,155,380.00 | 120.6x | -38.5x | 2.5x |
| Sat, 22 Jun 2024 | zł1.6b | zł653.0m | -zł41,719,513.00 | 118.1x | -37.8x | 2.4x |
| Mon, 20 May 2024 | zł1.6b | zł682.4m | -zł57,641,159.00 | 73.3x | -28.4x | 2.4x |
| Wed, 17 Apr 2024 | zł1.7b | zł684.9m | -zł264,003,240.00 | 190.5x | -6.3x | 2.4x |
| Fri, 15 Mar 2024 | zł1.8b | zł684.9m | -zł262,514,240.00 | 136.6x | -6.7x | 2.6x |
| Sun, 11 Feb 2024 | zł1.8b | zł698.0m | -zł279,998,599.00 | 79.3x | -6.5x | 2.6x |
| Tue, 09 Jan 2024 | zł2.0b | zł671.7m | -zł283,620,599.00 | 83.9x | -7x | 3x |
| Thu, 07 Dec 2023 | zł1.9b | zł670.8m | zł56.3m | 47.9x | 33.3x | 2.8x |
| Sat, 04 Nov 2023 | zł1.7b | zł733.7m | zł105.9m | 11.7x | 15.8x | 2.3x |
| Mon, 02 Oct 2023 | zł1.7b | zł766.4m | zł97.4m | 10.6x | 17.9x | 2.3x |
| Wed, 30 Aug 2023 | zł1.9b | zł776.6m | zł98.7m | 14x | 19.5x | 2.5x |
| Fri, 28 Jul 2023 | zł1.8b | zł774.3m | zł101.0m | 14.4x | 18.2x | 2.4x |
| Sun, 25 Jun 2023 | zł1.9b | zł774.3m | zł121.7m | 11.6x | 15.7x | 2.5x |
| Tue, 23 May 2023 | zł1.9b | zł881.1m | zł169.8m | 8.9x | 11x | 2.1x |
| Thu, 20 Apr 2023 | zł1.7b | zł1.1b | zł189.3m | 15.6x | 9.1x | 1.6x |
| Sat, 18 Mar 2023 | zł2.0b | zł1.1b | zł192.2m | 16x | 10.4x | 1.8x |
| Mon, 13 Feb 2023 | zł1.8b | zł1.1b | zł192.0m | 9.4x | 9.6x | 1.7x |
| Wed, 11 Jan 2023 | zł1.8b | zł1.1b | zł192.0m | 10.3x | 9.3x | 1.6x |
Price to Earnings Ratio
9.3x
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 9.3x which is higher than its 3-year average PE of -5.4x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.9x.
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 | 3.61% | |
| Healthcare | 3.15% | |
| Medical Equipment | 1.32% | |
| Medical Supplies | 6.55% | |
| Medical Equipment | -0.65% | |
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 48.6% 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 1.4x.
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 | zł39.60 | 5.7% +zł19.9m | -16.7% | PE3.8x | |
| BMX BioMaxima | zł12.35 | 11.3% +zł5.2m | 8.3% | PE79.8x | |
| GMZ Grupa Modne Zakupy | zł0.35 | 34.4% +zł3.1m | -2.8% | PS614.6x | |
| MDG Medicalgorithmics | zł34.30 | 0.9% +zł3.0m | 83.9% | PS12.7x | |
| CRM PZ Cormay | zł0.41 | 8.5% +zł2.7m | -1.9% | PS0.4x |