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Swedish (OMX) Medical Equipment Industry Analysis
UpdatedMar 25, 2023
DataAggregated Company Financials
Companies78
- 7D0.9%
- 3M4.9%
- 1Y-33.9%
- YTD2.1%
Over the last 7 days, the Medical Equipment industry has risen 1.0%, driven by gains from Getinge of 4.7%. In the same time, Implantica was down 11%. However, the industry is down 34% over the past year. Looking forward, earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Swedish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Mar 2023 | kr167.3b | kr64.0b | kr1.4b | 35.3x | 116.7x | 2.6x |
| Mon, 20 Feb 2023 | kr171.6b | kr62.6b | kr1.7b | 43.1x | 99.8x | 2.7x |
| Wed, 18 Jan 2023 | kr173.4b | kr61.8b | kr2.3b | 30x | 74.8x | 2.8x |
| Fri, 16 Dec 2022 | kr163.1b | kr61.8b | kr2.3b | 25.9x | 70.3x | 2.6x |
| Sun, 13 Nov 2022 | kr176.5b | kr60.9b | kr2.7b | 24.9x | 65.6x | 2.9x |
| Tue, 11 Oct 2022 | kr151.2b | kr59.7b | kr2.8b | 25.3x | 54.8x | 2.5x |
| Thu, 08 Sep 2022 | kr166.8b | kr59.6b | kr2.8b | 30.7x | 58.9x | 2.8x |
| Sat, 06 Aug 2022 | kr183.3b | kr58.8b | kr2.7b | 35.5x | 66.8x | 3.1x |
| Mon, 04 Jul 2022 | kr195.6b | kr58.4b | kr2.9b | 38x | 66.8x | 3.3x |
| Wed, 01 Jun 2022 | kr218.5b | kr58.3b | kr3.0b | 41.5x | 74x | 3.7x |
| Fri, 29 Apr 2022 | kr216.9b | kr57.3b | kr3.0b | 53.1x | 72.6x | 3.8x |
| Sun, 27 Mar 2022 | kr243.9b | kr56.9b | kr3.1b | 59.8x | 78.5x | 4.3x |
| Tue, 22 Feb 2022 | kr234.9b | kr56.6b | kr3.7b | 44.3x | 63.4x | 4.1x |
| Thu, 20 Jan 2022 | kr262.2b | kr56.9b | kr3.8b | 56x | 68.2x | 4.6x |
| Sat, 18 Dec 2021 | kr290.0b | kr57.0b | kr3.8b | 55.4x | 75.6x | 5.1x |
| Mon, 15 Nov 2021 | kr316.7b | kr56.5b | kr3.9b | 66.9x | 82x | 5.6x |
| Wed, 13 Oct 2021 | kr277.3b | kr57.8b | kr4.4b | 74.8x | 62.4x | 4.8x |
| Fri, 10 Sep 2021 | kr307.1b | kr57.8b | kr4.4b | 85.2x | 69.5x | 5.3x |
| Sun, 08 Aug 2021 | kr312.8b | kr57.8b | kr4.4b | 67.4x | 70.4x | 5.4x |
| Sat, 01 May 2021 | kr220.2b | kr56.6b | kr3.7b | 38.3x | 60x | 3.9x |
| Tue, 02 Feb 2021 | kr189.6b | kr56.9b | kr3.3b | 40x | 57.2x | 3.3x |
| Fri, 06 Nov 2020 | kr161.0b | kr56.6b | kr3.3b | 30.5x | 49.1x | 2.8x |
| Mon, 10 Aug 2020 | kr156.7b | kr55.2b | kr2.1b | 30.4x | 76.4x | 2.8x |
| Sun, 03 May 2020 | kr142.3b | kr54.8b | kr1.7b | 50.8x | 85x | 2.6x |
Price to Earnings Ratio
74.2x
Current Industry PE
- Investors are optimistic on the Swedish Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 116x which is higher than its 3-year average PE of 69.5x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 7.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.3% 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 | -0.66% | |
| Healthcare | -0.089% | |
| Medical Equipment | 0.86% | |
| Medical Equipment | 1.23% | |
| Medical Supplies | -1.21% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 56.9x.
- Analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings decline of 10.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 60% over the next 5 years.
- However this is lower than its past earnings growth rate of 126% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| GETI B Getinge | kr242.50 | 6.3% +kr3.9b | -32.2% | PE26.5x | |
| ADDV A ADDvise Group | kr11.30 | 5.2% +kr101.1m | 48.7% | PE25.1x | |
| SEDANA Sedana Medical | kr20.02 | 5.1% +kr96.4m | -68.5% | PS16.2x | |
| BRAIN BrainCool | kr2.15 | 16.1% +kr47.8m | -67.8% | PS10.2x | |
| CRAD B C-Rad | kr32.80 | 3.6% +kr38.8m | -32.7% | PE147.7x |
