Is Medicover (STO:MCOV B) Using Too Much Debt?
Jan 30
Swedish (OMX) Healthcare Services Industry Analysis
UpdatedJan 30, 2023
DataAggregated Company Financials
Companies9
- 7D-1.6%
- 3M24.6%
- 1Y-27.3%
- YTD16.8%
Over the last 7 days, the Healthcare Services industry has dropped 1.6%, driven by Medicover declining 2.2%. Meanwhile, Attendo actually outperformed within the industry, gaining 5.2% in the last week. Overall the industry is down 27% in 12 months. Looking forward, earnings are forecast to grow by 38% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 30 Jan 2023 | kr39.6b | kr55.0b | kr1.0b | 12.8x | 38.3x | 0.7x |
| Wed, 28 Dec 2022 | kr32.4b | kr54.9b | kr1.0b | 12.9x | 31.4x | 0.6x |
| Fri, 25 Nov 2022 | kr37.4b | kr54.4b | kr1.0b | 13.4x | 36.7x | 0.7x |
| Sun, 23 Oct 2022 | kr30.6b | kr53.4b | kr1.3b | 12x | 24.5x | 0.6x |
| Tue, 20 Sep 2022 | kr30.9b | kr53.1b | kr1.2b | 12.8x | 25x | 0.6x |
| Thu, 18 Aug 2022 | kr36.6b | kr52.2b | kr1.2b | 18.3x | 30.1x | 0.7x |
| Sat, 16 Jul 2022 | kr32.7b | kr51.5b | kr1.6b | 18.6x | 21.1x | 0.6x |
| Mon, 13 Jun 2022 | kr36.1b | kr53.0b | kr1.6b | 20.6x | 22.5x | 0.7x |
| Wed, 11 May 2022 | kr37.4b | kr52.8b | kr1.6b | 24.1x | 23.3x | 0.7x |
| Fri, 08 Apr 2022 | kr45.5b | kr50.6b | kr1.7b | 18.9x | 26.1x | 0.9x |
| Sun, 06 Mar 2022 | kr45.4b | kr51.3b | kr1.8b | 21.2x | 25.4x | 0.9x |
| Tue, 01 Feb 2022 | kr57.7b | kr48.9b | kr1.8b | 23.7x | 31.3x | 1.2x |
| Thu, 30 Dec 2021 | kr72.8b | kr48.7b | kr1.8b | 24.6x | 39.8x | 1.5x |
| Sat, 27 Nov 2021 | kr58.7b | kr48.7b | kr1.8b | 23.9x | 32.1x | 1.2x |
| Mon, 25 Oct 2021 | kr59.9b | kr47.0b | kr1.7b | 26.2x | 36x | 1.3x |
| Wed, 22 Sep 2021 | kr60.1b | kr47.1b | kr1.7b | 25x | 35.2x | 1.3x |
| Fri, 20 Aug 2021 | kr57.3b | kr47.1b | kr1.7b | 26.2x | 33.6x | 1.2x |
| Fri, 04 Jun 2021 | kr57.2b | kr45.3b | kr364.1m | 22.2x | 157x | 1.3x |
| Mon, 08 Mar 2021 | kr49.8b | kr44.3b | kr101.2m | 18.5x | 492.4x | 1.1x |
| Thu, 10 Dec 2020 | kr38.7b | kr43.9b | -kr174,751,703.15 | 18x | -221.4x | 0.9x |
| Wed, 02 Sep 2020 | kr35.8b | kr43.5b | -kr241,765,308.13 | 18x | -148.1x | 0.8x |
| Sat, 06 Jun 2020 | kr30.3b | kr43.8b | kr731.8m | 23.3x | 41.4x | 0.7x |
| Tue, 10 Mar 2020 | kr33.1b | kr42.2b | kr794.6m | 29.1x | 41.7x | 0.8x |
Price to Earnings Ratio
44.7x
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 38.3x which is lower than its 3-year average PE of 42.0x.
- The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 9.2% per year over the last three years.
- Revenues for these companies have grown 9.2% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Swedish Healthcare industry?
| SE Market | 1.27% | |
| Healthcare | -0.34% | |
| Healthcare Services | -1.63% | |
| Healthcare Facilities | 0.21% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -2.24% | |
| Healthcare Distributors | -2.45% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 59.2x.
- Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings growth of 10.7% 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.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 63% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 29% 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 | kr26.90 | 3.9% +kr164.2m | -18.0% | PS0.3x | |
| L2S Learning 2 Sleep L2S | kr0.38 | 5.1% +kr274.5k | n/a | PS0.8x |
