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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedMay 21, 2025
DataAggregated Company Financials
Companies61
  • 7D3.1%
  • 3M-13.0%
  • 1Y-15.8%
  • YTD-3.9%

Over the last 7 days, the Medical Equipment industry has risen 3.2%, driven by gains in Implantica and Vimian Group of 19% and 7.7%, respectively. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 May 2025SEK 188.9bSEK 93.3bSEK 2.2b34.7x84.6x2x
Sat, 19 Apr 2025SEK 169.2bSEK 91.5bSEK 2.7b28.6x63.2x1.8x
Mon, 17 Mar 2025SEK 160.9bSEK 76.5bSEK 2.5b28.7x64.5x2.1x
Wed, 12 Feb 2025SEK 171.2bSEK 76.0bSEK 1.8b33.4x95.1x2.3x
Fri, 10 Jan 2025SEK 157.9bSEK 74.7bSEK 1.8b29.9x86.5x2.1x
Sun, 08 Dec 2024SEK 153.9bSEK 74.7bSEK 1.8b27.6x84.4x2.1x
Tue, 05 Nov 2024SEK 162.4bSEK 75.1bSEK 2.0b31.8x82.8x2.2x
Thu, 03 Oct 2024SEK 180.3bSEK 74.5bSEK 3.1b23.8x57.9x2.4x
Sat, 31 Aug 2024SEK 179.5bSEK 74.5bSEK 3.1b29.6x57x2.4x
Mon, 29 Jul 2024SEK 171.5bSEK 74.5bSEK 3.0b27.8x56.9x2.3x
Wed, 26 Jun 2024SEK 156.7bSEK 72.8bSEK 2.6b29.4x59.7x2.2x
Fri, 24 May 2024SEK 166.6bSEK 73.0bSEK 2.8b29x59.7x2.3x
Sun, 21 Apr 2024SEK 163.1bSEK 72.4bSEK 2.6b31.6x63.4x2.3x
Tue, 19 Mar 2024SEK 162.1bSEK 72.2bSEK 2.4b31x66.6x2.2x
Thu, 15 Feb 2024SEK 163.4bSEK 71.8bSEK 2.4b36.4x69.3x2.3x
Sat, 13 Jan 2024SEK 177.6bSEK 71.4bSEK 1.5b42.1x116.1x2.5x
Mon, 11 Dec 2023SEK 169.4bSEK 70.6bSEK 1.5b38.9x115.2x2.4x
Wed, 08 Nov 2023SEK 154.7bSEK 69.9bSEK 1.2b29.7x126.3x2.2x
Fri, 06 Oct 2023SEK 147.0bSEK 68.7bSEK 1.1b30.1x135.8x2.1x
Sun, 03 Sep 2023SEK 157.0bSEK 68.8bSEK 1.0b31x151.7x2.3x
Tue, 01 Aug 2023SEK 165.7bSEK 67.9bSEK 942.1m32.7x175.9x2.4x
Thu, 29 Jun 2023SEK 155.6bSEK 67.0bSEK 1.3b33x115.6x2.3x
Sat, 27 May 2023SEK 179.1bSEK 66.9bSEK 1.4b34.7x132.1x2.7x
Mon, 24 Apr 2023SEK 181.8bSEK 64.5bSEK 1.3b34.6x136.8x2.8x
Wed, 22 Mar 2023SEK 165.1bSEK 64.0bSEK 1.4b36.4x115x2.6x
Fri, 17 Feb 2023SEK 172.8bSEK 62.7bSEK 2.0b42.3x87.4x2.8x
Sun, 15 Jan 2023SEK 169.8bSEK 61.8bSEK 2.3b28.9x73.3x2.7x
Tue, 13 Dec 2022SEK 172.4bSEK 61.8bSEK 2.3b26.9x74.2x2.8x
Thu, 10 Nov 2022SEK 173.5bSEK 60.9bSEK 2.7b24.7x63.8x2.9x
Sat, 08 Oct 2022SEK 150.3bSEK 59.7bSEK 2.8b25.2x54.5x2.5x
Mon, 05 Sep 2022SEK 166.7bSEK 59.6bSEK 2.8b31.4x58.9x2.8x
Wed, 03 Aug 2022SEK 181.8bSEK 58.8bSEK 2.7b34.7x66.3x3.1x
Fri, 01 Jul 2022SEK 193.4bSEK 58.4bSEK 2.9b37.8x66x3.3x
Sun, 29 May 2022SEK 217.4bSEK 58.3bSEK 3.0b41x73x3.7x
Price to Earnings Ratio

73x


Total Market Cap: SEK 217.4bTotal Earnings: SEK 3.0bTotal Revenue: SEK 58.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 88.7x202320242025
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 84.5x which is lower than its 3-year average PE of 88.7x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 8.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 17% 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 Market0.62%
Healthcare1.10%
Medical Equipment3.06%
Medical Supplies4.00%
Medical Equipment2.51%
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 36.6%, which is lower than the prior year's growth of 57.8% 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 63.4x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 58% per year.
  • In contrast, the Medical Equipment 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?

CompanyLast Price7D1YValuation
VIMIAN Vimian GroupSEK 40.605.0%
+SEK 1.0b		20.7%PE101.6x
ASKER Asker Healthcare GroupSEK 98.221.0%
+SEK 390.7m		n/aPE98.5x
IMP A SDB ImplanticaSEK 36.253.6%
+SEK 354.0m		27.6%PS453.9x
GETI B GetingeSEK 192.650.4%
+SEK 204.3m		3.8%PE35.5x
ORT B OrtomaSEK 13.4549.4%
+SEK 165.0m		64.0%PE48.5x
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