Does Medicover (STO:MCOV B) Have A Healthy Balance Sheet?
Dec 02
Swedish (OMX) Healthcare Services Industry Analysis
UpdatedDec 05, 2023
DataAggregated Company Financials
Companies9
- 7D-1.2%
- 3M-1.7%
- 1Y-1.0%
- YTD1.9%
Over the last 7 days, the Healthcare Services industry has dropped 2.0%, driven by a pullback from Medicover of 3.7%. 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 43% per annum.
Industry Valuation and Performance
Has the Swedish Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | kr34.5b | kr62.0b | kr957.0m | 11.7x | 36x | 0.6x |
| Thu, 02 Nov 2023 | kr31.6b | kr61.8b | kr1.0b | 11.1x | 31x | 0.5x |
| Sat, 30 Sep 2023 | kr32.2b | kr60.4b | kr903.4m | 9.4x | 35.7x | 0.5x |
| Mon, 28 Aug 2023 | kr34.1b | kr61.0b | kr905.6m | 9.8x | 37.7x | 0.6x |
| Wed, 26 Jul 2023 | kr36.5b | kr59.4b | kr897.7m | 8.7x | 40.7x | 0.6x |
| Fri, 23 Jun 2023 | kr35.6b | kr58.7b | kr768.7m | 10.9x | 46.3x | 0.6x |
| Sun, 21 May 2023 | kr38.0b | kr58.2b | kr768.2m | 11.6x | 49.5x | 0.7x |
| Tue, 18 Apr 2023 | kr39.7b | kr56.6b | kr799.7m | 14.2x | 49.7x | 0.7x |
| Thu, 16 Mar 2023 | kr35.8b | kr56.5b | kr798.2m | 13.6x | 44.9x | 0.6x |
| Sat, 11 Feb 2023 | kr37.9b | kr55.9b | kr1.1b | 12.5x | 33.9x | 0.7x |
| Mon, 09 Jan 2023 | kr35.2b | kr55.0b | kr1.0b | 13.4x | 34.1x | 0.6x |
| Wed, 07 Dec 2022 | kr33.3b | kr54.6b | kr1.0b | 12.8x | 32.5x | 0.6x |
| Fri, 04 Nov 2022 | kr32.1b | kr53.5b | kr1.3b | 12.4x | 25.1x | 0.6x |
| Sun, 02 Oct 2022 | kr29.0b | kr53.2b | kr1.2b | 12x | 23.3x | 0.5x |
| Tue, 30 Aug 2022 | kr31.0b | kr52.8b | kr1.2b | 12.6x | 25x | 0.6x |
| Thu, 28 Jul 2022 | kr35.3b | kr52.0b | kr1.2b | 17.8x | 29.2x | 0.7x |
| Sat, 25 Jun 2022 | kr33.4b | kr51.7b | kr1.6b | 18.5x | 21.4x | 0.6x |
| Mon, 23 May 2022 | kr40.6b | kr52.6b | kr1.6b | 20.1x | 25.1x | 0.8x |
| Wed, 20 Apr 2022 | kr43.7b | kr50.6b | kr1.8b | 19.6x | 24.8x | 0.9x |
| Fri, 18 Mar 2022 | kr50.2b | kr50.8b | kr1.8b | 19.7x | 28.6x | 1x |
| Sun, 13 Feb 2022 | kr57.9b | kr50.7b | kr1.8b | 22.4x | 32.5x | 1.1x |
| Tue, 11 Jan 2022 | kr67.9b | kr48.7b | kr1.8b | 23.3x | 37.1x | 1.4x |
| Thu, 09 Dec 2021 | kr60.9b | kr48.6b | kr1.8b | 24.3x | 33.4x | 1.3x |
| Sat, 06 Nov 2021 | kr64.1b | kr47.9b | kr1.7b | 24.4x | 37.5x | 1.3x |
| Mon, 04 Oct 2021 | kr56.4b | kr47.1b | kr1.7b | 23.1x | 33.6x | 1.2x |
| Wed, 01 Sep 2021 | kr60.0b | kr47.1b | kr1.7b | 26.4x | 35.2x | 1.3x |
| Thu, 08 Jul 2021 | kr54.6b | kr47.1b | kr1.7b | 27x | 32x | 1.2x |
| Wed, 31 Mar 2021 | kr49.7b | kr45.3b | kr364.1m | 21.4x | 136.5x | 1.1x |
| Sat, 02 Jan 2021 | kr44.1b | kr44.3b | kr101.2m | 17.1x | 436x | 1x |
Price to Earnings Ratio
436x
Current Industry PE
- Investors are pessimistic on the Swedish Healthcare 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 36.3x which is lower than its 3-year average PE of 79.7x.
- The industry is trading close to its 3-year average PS ratio of 0.87x.
Past Earnings Growth
- Total earnings for the Healthcare industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Healthcare industry?
| SE Market | 0.85% | |
| Healthcare | 0.72% | |
| Healthcare Services | -1.23% | |
| Healthcare Facilities | 1.80% | |
| Healthcare Distributors | 1.46% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -2.76% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 78.2x.
- Analysts are expecting annual earnings growth of 51.6%, which is higher than its past year's earnings growth of 10.0% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 52% over the next 5 years.
- This is better than its past earnings growth rate of 10.0% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| ATT Attendo | kr35.15 | 2.5% +kr136.8m | 37.8% | PE20.6x | |
| AMBEA Ambea | kr44.86 | 2.9% +kr112.8m | -12.3% | PE11.7x | |
| DEDI Dedicare | kr111.00 | 3.2% +kr32.5m | -12.3% | PE10.4x | |
| EQL EQL Pharma | kr34.70 | 0.3% +kr2.9m | 15.3% | PE36.6x |
