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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedFeb 16, 2025
DataAggregated Company Financials
Companies60
  • 7D3.0%
  • 3M8.3%
  • 1Y-1.8%
  • YTD8.9%

The Medical Equipment industry is up 3.0% in the last week, with Vimian Group up 16%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

Has the Swedish Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Feb 2025SEK 175.9bSEK 76.3bSEK 2.1b33.2x83.7x2.3x
Tue, 14 Jan 2025SEK 157.1bSEK 74.7bSEK 1.8b30.1x86.1x2.1x
Thu, 12 Dec 2024SEK 154.5bSEK 74.7bSEK 1.8b27.7x84.8x2.1x
Sat, 09 Nov 2024SEK 161.2bSEK 75.1bSEK 2.0b31.3x82.1x2.1x
Mon, 07 Oct 2024SEK 178.7bSEK 74.5bSEK 3.1b24.2x57.3x2.4x
Wed, 04 Sep 2024SEK 177.3bSEK 74.5bSEK 3.1b26x57x2.4x
Fri, 02 Aug 2024SEK 168.5bSEK 74.5bSEK 3.1b27.4x54.3x2.3x
Sun, 30 Jun 2024SEK 157.3bSEK 72.9bSEK 2.6b30.4x59.9x2.2x
Tue, 28 May 2024SEK 167.4bSEK 73.0bSEK 2.8b29.7x59.8x2.3x
Thu, 25 Apr 2024SEK 171.3bSEK 72.9bSEK 2.5b32.7x69.1x2.3x
Sat, 23 Mar 2024SEK 161.7bSEK 72.2bSEK 2.4b31.9x66.5x2.2x
Mon, 19 Feb 2024SEK 166.2bSEK 71.9bSEK 2.4b43x68.3x2.3x
Wed, 17 Jan 2024SEK 174.4bSEK 71.4bSEK 1.5b41.1x114.2x2.4x
Fri, 15 Dec 2023SEK 169.6bSEK 71.4bSEK 1.5b39.3x111.1x2.4x
Sun, 12 Nov 2023SEK 155.6bSEK 69.9bSEK 1.3b31.8x116.6x2.2x
Tue, 10 Oct 2023SEK 145.2bSEK 68.7bSEK 1.1b28.7x134x2.1x
Thu, 07 Sep 2023SEK 154.5bSEK 68.8bSEK 1.0b30.7x149.3x2.2x
Sat, 05 Aug 2023SEK 163.5bSEK 68.0bSEK 940.0m31.7x173.9x2.4x
Mon, 03 Jul 2023SEK 158.8bSEK 67.0bSEK 1.3b33.8x118x2.4x
Wed, 31 May 2023SEK 177.3bSEK 66.9bSEK 1.4b34.1x131.1x2.6x
Fri, 28 Apr 2023SEK 182.2bSEK 65.6bSEK 1.4b36.4x130.9x2.8x
Sun, 26 Mar 2023SEK 167.3bSEK 64.0bSEK 1.4b35.3x116.7x2.6x
Tue, 21 Feb 2023SEK 170.4bSEK 62.6bSEK 1.7b43.1x99.2x2.7x
Thu, 19 Jan 2023SEK 175.2bSEK 61.8bSEK 2.3b30.1x75.6x2.8x
Sat, 17 Dec 2022SEK 159.0bSEK 61.8bSEK 2.3b25.6x68.6x2.6x
Mon, 14 Nov 2022SEK 176.5bSEK 60.9bSEK 2.7b24.9x65.7x2.9x
Wed, 12 Oct 2022SEK 153.4bSEK 59.7bSEK 2.8b25.8x55.7x2.6x
Fri, 09 Sep 2022SEK 164.0bSEK 59.6bSEK 2.8b30.3x58x2.7x
Sun, 07 Aug 2022SEK 183.3bSEK 58.8bSEK 2.7b35.5x66.8x3.1x
Tue, 05 Jul 2022SEK 193.8bSEK 58.4bSEK 2.9b37.2x66.2x3.3x
Thu, 02 Jun 2022SEK 213.6bSEK 58.3bSEK 3.0b40.2x72.3x3.7x
Sat, 30 Apr 2022SEK 215.8bSEK 57.2bSEK 3.0b53.5x73x3.8x
Mon, 28 Mar 2022SEK 243.9bSEK 56.9bSEK 3.1b59.8x78.5x4.3x
Wed, 23 Feb 2022SEK 241.9bSEK 56.5bSEK 3.7b45.3x65.3x4.3x
Price to Earnings Ratio

65.3x


Total Market Cap: SEK 241.9bTotal Earnings: SEK 3.7bTotal Revenue: SEK 56.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 89.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Swedish 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 83.7x which is lower than its 3-year average PE of 89.1x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 17% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market2.63%
Healthcare-0.20%
Medical Equipment3.04%
Medical Supplies9.47%
Medical Equipment1.21%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 44.4%, which is lower than the prior year's growth of 87.8% per year.
  • Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 63.6x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 88% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 27% 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
VIMIAN Vimian GroupSEK 45.9515.9%
+SEK 3.3b		64.1%PE115.8x
SUS Surgical Science SwedenSEK 189.508.2%
+SEK 734.8m		4.1%PE50x
ARJO B ArjoSEK 40.766.0%
+SEK 626.5m		-20.1%PE22.3x
XVIVO Xvivo PerfusionSEK 477.002.5%
+SEK 362.2m		72.2%PE87.3x
EKTA B ElektaSEK 66.901.1%
+SEK 286.6m		-14.0%PE25.5x
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Latest News

SEDANA

SEK 17.60

Sedana Medical

7D

-3.5%

1Y

0.7%

Earnings Update: Sedana Medical AB (publ) (STO:SEDANA) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

Feb 16
Earnings Update: Sedana Medical AB (publ) (STO:SEDANA) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts

NOSA

SEK 0.90

Nosa Plugs

7D

-8.6%

1Y

36.0%

IMP A SDB

SEK 40.00

Implantica

7D

-1.5%

1Y

24.4%

VIMIAN

SEK 45.95

Vimian Group

7D

15.9%

1Y

64.1%

ACARIX

SEK 0.23

Acarix

7D

-5.4%

1Y

-20.4%

CARE

SEK 35.00

Careium

7D

19.0%

1Y

44.0%

STIL

SEK 252.00

Stille

7D

8.6%

1Y

63.6%

CEVI

SEK 196.00

CellaVision

7D

-2.5%

1Y

-27.0%

BACTI B

SEK 30.50

Bactiguard Holding

7D

-5.9%

1Y

-67.5%

ARJO B

SEK 40.76

Arjo

7D

6.0%

1Y

-20.1%

ADDV A

SEK 5.98

ADDvise Group

7D

4.2%

1Y

-61.7%

OSSD

SEK 12.36

OssDsign

7D

-1.9%

1Y

37.3%

SUS

SEK 189.50

Surgical Science Sweden

7D

8.2%

1Y

4.1%

EKTA B

SEK 66.90

Elekta

7D

1.1%

1Y

-14.0%

Elekta (STO:EKTA B) Has Announced A Dividend Of SEK1.20

Feb 03
Elekta (STO:EKTA B) Has Announced A Dividend Of SEK1.20

XVIVO

SEK 477.00

Xvivo Perfusion

7D

2.5%

1Y

72.2%

Earnings Beat: Xvivo Perfusion AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jan 31
Earnings Beat: Xvivo Perfusion AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

PAX

SEK 66.20

Paxman

7D

-6.0%

1Y

70.2%