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Swedish (OMX) Healthcare Services Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies8
  • 7D1.0%
  • 3M4.0%
  • 1Y36.4%
  • YTD36.4%

The Healthcare Services is pretty flat in the last 7 days, but Medicover has stood out, gaining 3.7%. The past year has been better, since the industry has gained 36% in that time. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

Has the Swedish Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024SEK 49.7bSEK 68.6bSEK 1.4b17.1x36.2x0.7x
Tue, 19 Nov 2024SEK 46.1bSEK 68.7bSEK 1.4b17.2x33.5x0.7x
Thu, 17 Oct 2024SEK 48.4bSEK 66.7bSEK 1.2b19.4x38.9x0.7x
Sat, 14 Sep 2024SEK 49.1bSEK 66.5bSEK 1.2b18.9x39.6x0.7x
Mon, 12 Aug 2024SEK 45.5bSEK 66.6bSEK 1.2b14.3x37.9x0.7x
Wed, 10 Jul 2024SEK 47.5bSEK 64.9bSEK 1.3b14.2x36.5x0.7x
Fri, 07 Jun 2024SEK 47.1bSEK 64.7bSEK 1.3b14.6x36.2x0.7x
Sun, 05 May 2024SEK 43.2bSEK 65.3bSEK 1.3b11.7x33x0.7x
Tue, 02 Apr 2024SEK 36.4bSEK 63.9bSEK 1.2b12.5x29.7x0.6x
Thu, 29 Feb 2024SEK 36.3bSEK 63.3bSEK 1.2b12x29.6x0.6x
Sat, 27 Jan 2024SEK 39.9bSEK 62.0bSEK 941.0m13.2x42.4x0.6x
Mon, 25 Dec 2023SEK 36.7bSEK 61.5bSEK 938.3m13.6x39.1x0.6x
Wed, 22 Nov 2023SEK 34.8bSEK 62.1bSEK 949.3m12.1x36.7x0.6x
Fri, 20 Oct 2023SEK 30.0bSEK 60.5bSEK 903.8m10.7x33.2x0.5x
Sun, 17 Sep 2023SEK 32.6bSEK 61.0bSEK 905.6m9.5x36x0.5x
Tue, 15 Aug 2023SEK 34.9bSEK 60.6bSEK 945.4m8.5x36.9x0.6x
Thu, 13 Jul 2023SEK 35.8bSEK 58.5bSEK 770.2m10.8x46.5x0.6x
Sat, 10 Jun 2023SEK 36.9bSEK 58.6bSEK 768.6m10.1x48x0.6x
Mon, 08 May 2023SEK 40.4bSEK 58.0bSEK 766.0m11.5x52.8x0.7x
Wed, 05 Apr 2023SEK 36.5bSEK 56.6bSEK 798.9m13.6x45.7x0.6x
Fri, 03 Mar 2023SEK 37.1bSEK 56.4bSEK 797.3m13.8x46.6x0.7x
Sun, 29 Jan 2023SEK 39.6bSEK 55.0bSEK 1.0b12.8x38.3x0.7x
Tue, 27 Dec 2022SEK 32.4bSEK 55.0bSEK 1.0b13x31.4x0.6x
Thu, 24 Nov 2022SEK 36.8bSEK 54.5bSEK 1.0b13.4x36.1x0.7x
Sat, 22 Oct 2022SEK 30.6bSEK 53.4bSEK 1.3b12x24.5x0.6x
Mon, 19 Sep 2022SEK 31.2bSEK 53.0bSEK 1.2b12.9x25.2x0.6x
Wed, 17 Aug 2022SEK 36.8bSEK 52.1bSEK 1.2b18.4x30.3x0.7x
Fri, 15 Jul 2022SEK 31.8bSEK 51.6bSEK 1.6b18.3x20.4x0.6x
Sun, 12 Jun 2022SEK 36.1bSEK 53.0bSEK 1.6b20.6x22.5x0.7x
Tue, 10 May 2022SEK 38.3bSEK 52.9bSEK 1.6b24.8x23.7x0.7x
Thu, 07 Apr 2022SEK 46.2bSEK 42.4bSEK 1.7b18.9x26.5x1.1x
Sat, 05 Mar 2022SEK 45.4bSEK 51.3bSEK 1.8b21.2x25.4x0.9x
Mon, 31 Jan 2022SEK 56.0bSEK 49.0bSEK 1.9b23.1x30.3x1.1x
Wed, 29 Dec 2021SEK 73.2bSEK 48.6bSEK 1.8b24.5x40.1x1.5x
Price to Earnings Ratio

40.1x


Total Market Cap: SEK 73.2bTotal Earnings: SEK 1.8bTotal Revenue: SEK 48.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthcare Services Industry Price to Earnings3Y Average 34.8x202220232024
Current Industry PE
  • Investors are relatively neutral on the Swedish Healthcare 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 34.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 9.2% 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 industry?

SE Market-2.70%
Healthcare0.53%
Healthcare Services0.99%
Healthcare Services3.51%
Managed Healthcare0%
Healthcare Facilities-2.26%
Healthcare Distributors-4.32%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 124x.
    • Analysts are expecting annual earnings growth of 41.8%, which is lower than the prior year's growth of 55.7% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading close to its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Healthcare Facilities 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?

CompanyLast Price7D1YValuation
MCOV B MedicoverSEK 192.403.7%
+SEK 1.0b		27.9%PE127.4x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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