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Swedish (OMX) Healthcare Sector Analysis
UpdatedMay 15, 2022
DataAggregated Company Financials
Companies225
- 7D2.5%
- 3M-18.0%
- 1Y-19.1%
- YTD-32.7%
The Healthcare industry is up 2.5% in the last week, with Implantica up 40%. During this same period, the Swedencare underperformed, falling 14%. In the past year, the industry is down 19%. Looking forward, earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Swedish Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 16 May 2022 | kr530.5b | kr153.1b | kr830.8m | 43.7x |
| Wed, 13 Apr 2022 | kr627.8b | kr147.6b | kr1.2b | 44.9x |
| Fri, 11 Mar 2022 | kr566.7b | kr145.8b | kr1.9b | 39x |
| Sun, 06 Feb 2022 | kr644.7b | kr143.5b | kr3.0b | 46.9x |
| Tue, 04 Jan 2022 | kr774.5b | kr143.9b | kr3.5b | 54.9x |
| Thu, 02 Dec 2021 | kr758.7b | kr143.7b | kr3.5b | 51.2x |
| Sat, 30 Oct 2021 | kr755.3b | kr140.7b | kr3.9b | 54.9x |
| Mon, 27 Sep 2021 | kr774.2b | kr140.4b | kr4.1b | 55.5x |
| Wed, 25 Aug 2021 | kr742.2b | kr140.4b | kr4.4b | 55.6x |
| Thu, 01 Jul 2021 | kr658.5b | kr140.2b | kr4.5b | 46.8x |
| Sun, 04 Apr 2021 | kr528.9b | kr135.6b | kr2.1b | 44.7x |
| Wed, 06 Jan 2021 | kr514.5b | kr134.7b | kr1.8b | 48.6x |
| Sat, 10 Oct 2020 | kr509.7b | kr133.7b | kr2.0b | 41.2x |
| Fri, 03 Jul 2020 | kr412.7b | kr131.2b | kr1.8b | 35.9x |
| Mon, 06 Apr 2020 | kr333.7b | kr130.3b | kr3.1b | 40x |
| Thu, 09 Jan 2020 | kr375.1b | kr125.4b | kr2.9b | 42.8x |
| Wed, 02 Oct 2019 | kr340.3b | kr119.4b | kr2.5b | 41.6x |
| Sat, 06 Jul 2019 | kr358.9b | kr114.7b | kr1.4b | 43x |
Median PE Ratio
39.2x
Current Industry PE
- Investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 44.5x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 30% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 Swedish Healthcare sector?
| SE Market | -1.98% | |
| Healthcare | 2.52% | |
| Healthtech | 6.99% | |
| Life Sciences | 5.03% | |
| Healthcare Services | 4.50% | |
| Biotech | 2.54% | |
| Medical Equipment | 2.17% | |
| Pharma | -2.59% | |
Industry PE
- Investors are most optimistic about the Healthtech industry even though it's trading below its 3-year average PE ratio of 89.3x.
- Analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings decline of 21% per year.
- Investors are most pessimistic about the Healthcare Services industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 22.2x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 36% over the next 5 years.
- However this is lower than its past earnings growth rate of 64% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| IMP A SDB Implantica | kr50.00 | 40.1% +kr4.0b | -50.6% | PS2699.5x | |
| SOBI Swedish Orphan Biovitrum | kr210.60 | 4.8% +kr2.9b | 44.8% | PS24.6x | |
| EKTA B Elekta | kr71.28 | 10.5% +kr2.6b | -36.8% | PS25.2x | |
| VITR Vitrolife | kr231.60 | 7.1% +kr2.1b | -25.0% | PS102.8x | |
| MCOV B Medicover | kr168.60 | 6.7% +kr1.6b | -23.2% | PS27.1x |
