Is There An Opportunity With Xvivo Perfusion AB (publ)'s (STO:XVIVO) 40% Undervaluation?
Aug 03
Swedish (OMX) Medical Equipment Industry Analysis
UpdatedAug 06, 2024
DataAggregated Company Financials
Companies60
- 7D-6.8%
- 3M-8.7%
- 1Y-2.8%
- YTD-8.8%
Over the last 7 days, the Medical Equipment industry has dropped 6.8%, driven by a pullback from Getinge of 6.6%. In contrast, Immunovia has gained 52%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 06 Aug 2024 | SEK 159.7b | SEK 74.5b | SEK 3.1b | 25.9x | 51.3x | 2.1x |
| Thu, 04 Jul 2024 | SEK 158.5b | SEK 72.8b | SEK 2.6b | 29.6x | 60.4x | 2.2x |
| Sat, 01 Jun 2024 | SEK 169.6b | SEK 73.0b | SEK 2.8b | 33.9x | 59.9x | 2.3x |
| Mon, 29 Apr 2024 | SEK 171.7b | SEK 73.1b | SEK 2.6b | 32.5x | 67.2x | 2.4x |
| Wed, 27 Mar 2024 | SEK 163.1b | SEK 72.3b | SEK 2.4b | 32.4x | 67.1x | 2.3x |
| Fri, 23 Feb 2024 | SEK 160.8b | SEK 71.9b | SEK 2.3b | 34.1x | 68.8x | 2.2x |
| Sun, 21 Jan 2024 | SEK 170.0b | SEK 71.5b | SEK 1.5b | 46.7x | 111.4x | 2.4x |
| Tue, 19 Dec 2023 | SEK 169.7b | SEK 71.4b | SEK 1.5b | 38.7x | 111.1x | 2.4x |
| Thu, 16 Nov 2023 | SEK 161.8b | SEK 69.9b | SEK 1.4b | 32.1x | 119.7x | 2.3x |
| Sat, 14 Oct 2023 | SEK 145.9b | SEK 68.7b | SEK 1.1b | 26.8x | 134.6x | 2.1x |
| Mon, 11 Sep 2023 | SEK 150.9b | SEK 68.8b | SEK 1.0b | 30.2x | 144.2x | 2.2x |
| Wed, 09 Aug 2023 | SEK 159.8b | SEK 68.0b | SEK 924.7m | 31x | 172.8x | 2.4x |
| Fri, 07 Jul 2023 | SEK 155.0b | SEK 67.0b | SEK 1.3b | 32.8x | 115.6x | 2.3x |
| Sun, 04 Jun 2023 | SEK 178.7b | SEK 66.9b | SEK 1.4b | 39.5x | 132.1x | 2.7x |
| Tue, 02 May 2023 | SEK 184.5b | SEK 65.6b | SEK 1.4b | 35.3x | 134.6x | 2.8x |
| Thu, 30 Mar 2023 | SEK 168.6b | SEK 64.0b | SEK 1.4b | 37.1x | 117.8x | 2.6x |
| Sat, 25 Feb 2023 | SEK 167.2b | SEK 62.7b | SEK 1.7b | 39.7x | 96.9x | 2.7x |
| Mon, 23 Jan 2023 | SEK 171.8b | SEK 61.8b | SEK 2.3b | 29.3x | 74.1x | 2.8x |
| Wed, 21 Dec 2022 | SEK 153.7b | SEK 61.8b | SEK 2.3b | 25.1x | 66.3x | 2.5x |
| Fri, 18 Nov 2022 | SEK 169.4b | SEK 61.3b | SEK 2.7b | 24.1x | 63.5x | 2.8x |
| Sun, 16 Oct 2022 | SEK 161.5b | SEK 59.7b | SEK 2.8b | 27x | 58.6x | 2.7x |
| Tue, 13 Sep 2022 | SEK 169.2b | SEK 59.6b | SEK 2.8b | 37.5x | 60.4x | 2.8x |
| Thu, 11 Aug 2022 | SEK 183.7b | SEK 58.8b | SEK 2.7b | 35.5x | 66.9x | 3.1x |
| Sat, 09 Jul 2022 | SEK 197.0b | SEK 58.4b | SEK 2.9b | 37.4x | 67.4x | 3.4x |
| Mon, 06 Jun 2022 | SEK 216.8b | SEK 58.3b | SEK 2.9b | 40.1x | 73.5x | 3.7x |
| Wed, 04 May 2022 | SEK 215.6b | SEK 57.3b | SEK 3.0b | 52.4x | 73x | 3.8x |
| Fri, 01 Apr 2022 | SEK 254.4b | SEK 56.9b | SEK 3.1b | 58.5x | 81.9x | 4.5x |
| Sun, 27 Feb 2022 | SEK 245.3b | SEK 56.6b | SEK 3.6b | 44.8x | 68.3x | 4.3x |
| Tue, 25 Jan 2022 | SEK 251.0b | SEK 57.0b | SEK 3.9b | 52.2x | 65.1x | 4.4x |
| Thu, 23 Dec 2021 | SEK 295.9b | SEK 56.9b | SEK 3.8b | 58.7x | 76.9x | 5.2x |
| Sat, 20 Nov 2021 | SEK 312.0b | SEK 63.1b | SEK 1.3b | 67.4x | 245.2x | 4.9x |
| Mon, 18 Oct 2021 | SEK 289.8b | SEK 57.7b | SEK 4.4b | 76.9x | 65.4x | 5x |
| Wed, 15 Sep 2021 | SEK 295.3b | SEK 57.8b | SEK 4.4b | 83.3x | 66.8x | 5.1x |
| Fri, 13 Aug 2021 | SEK 308.1b | SEK 57.8b | SEK 4.4b | 67.5x | 69.3x | 5.3x |
Price to Earnings Ratio
69.3x
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 51.3x which is lower than its 3-year average PE of 89.5x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.8% 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 | -6.69% | |
| Healthcare | -6.08% | |
| Medical Equipment | -6.82% | |
| Medical Supplies | -5.54% | |
| Medical Equipment | -7.18% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 65.3x.
- Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 38.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 52% over the next 5 years.
- However this is lower than its past earnings growth rate of 344% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| IMMNOV Immunovia | SEK 2.41 | 51.6% +SEK 37.1m | 90.1% | PS90.1x | |
| ELOS B Elos Medtech | SEK 203.00 | 0.5% +SEK 28.2m | -17.3% | PE104.3x | |
| ORT B Ortoma | SEK 9.72 | 5.0% +SEK 17.1m | 24.9% | PS5.8x | |
| MCLR Medclair | SEK 1.57 | 8.3% +SEK 9.9m | 30.0% | PS3x | |
| MONI Monivent | SEK 0.38 | 11.2% +SEK 1.2m | -87.0% | PS3.3x |
