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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedAug 05, 2024
DataAggregated Company Financials
Companies60
  • 7D-4.0%
  • 3M-5.9%
  • 1Y-0.002%
  • YTD-6.0%

Over the last 7 days, the Medical Equipment industry has dropped 4.0%, driven by Getinge declining 4.9%. On the other hand Immunovia is actually up 67%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Aug 2024SEK 164.7bSEK 74.4bSEK 3.1b26.7x52.9x2.2x
Wed, 03 Jul 2024SEK 157.6bSEK 72.9bSEK 2.6b29.7x60.1x2.2x
Fri, 31 May 2024SEK 168.7bSEK 73.0bSEK 2.8b31.6x59.6x2.3x
Sun, 28 Apr 2024SEK 171.7bSEK 73.1bSEK 2.6b32.5x67.2x2.4x
Tue, 26 Mar 2024SEK 163.4bSEK 72.3bSEK 2.4b32x67.2x2.3x
Thu, 22 Feb 2024SEK 161.1bSEK 71.9bSEK 2.4b34x67.3x2.2x
Sat, 20 Jan 2024SEK 169.7bSEK 71.5bSEK 1.5b40.9x111.2x2.4x
Mon, 18 Dec 2023SEK 169.7bSEK 71.4bSEK 1.5b39.5x111.2x2.4x
Wed, 15 Nov 2023SEK 162.4bSEK 70.0bSEK 1.3b32.9x121.4x2.3x
Fri, 13 Oct 2023SEK 148.0bSEK 68.7bSEK 1.1b27.3x136.5x2.2x
Sun, 10 Sep 2023SEK 150.9bSEK 68.8bSEK 1.0b30.2x144.2x2.2x
Tue, 08 Aug 2023SEK 161.1bSEK 68.0bSEK 927.2m31.6x173.8x2.4x
Thu, 06 Jul 2023SEK 157.8bSEK 67.0bSEK 1.3b33.8x117.5x2.4x
Sat, 03 Jun 2023SEK 178.7bSEK 66.9bSEK 1.4b39.5x132.1x2.7x
Mon, 01 May 2023SEK 184.5bSEK 65.6bSEK 1.4b35.3x133.6x2.8x
Wed, 29 Mar 2023SEK 165.6bSEK 64.0bSEK 1.4b37x115.5x2.6x
Fri, 24 Feb 2023SEK 169.1bSEK 62.7bSEK 1.7b39.9x96.7x2.7x
Sun, 22 Jan 2023SEK 171.8bSEK 61.8bSEK 2.3b29.3x74.1x2.8x
Tue, 20 Dec 2022SEK 156.9bSEK 61.8bSEK 2.3b25.9x67.7x2.5x
Thu, 17 Nov 2022SEK 171.7bSEK 60.9bSEK 2.7b25.3x63.9x2.8x
Sat, 15 Oct 2022SEK 161.5bSEK 59.7bSEK 2.8b27x58.6x2.7x
Mon, 12 Sep 2022SEK 167.8bSEK 59.6bSEK 2.8b30.8x59.3x2.8x
Wed, 10 Aug 2022SEK 180.6bSEK 58.8bSEK 2.7b35x65.8x3.1x
Fri, 08 Jul 2022SEK 198.0bSEK 58.4bSEK 2.9b37.4x67.8x3.4x
Sun, 05 Jun 2022SEK 216.8bSEK 58.3bSEK 2.9b40.1x73.5x3.7x
Tue, 03 May 2022SEK 214.7bSEK 57.3bSEK 3.0b52.8x72.7x3.7x
Thu, 31 Mar 2022SEK 257.9bSEK 56.9bSEK 3.1b59x83x4.5x
Sat, 26 Feb 2022SEK 238.9bSEK 56.6bSEK 3.7b45.5x64.6x4.2x
Mon, 24 Jan 2022SEK 262.4bSEK 56.9bSEK 3.8b53.9x68.2x4.6x
Wed, 22 Dec 2021SEK 291.2bSEK 57.0bSEK 3.8b56.7x75.9x5.1x
Fri, 19 Nov 2021SEK 312.0bSEK 63.1bSEK 1.3b67.4x245.2x4.9x
Sun, 17 Oct 2021SEK 289.8bSEK 57.7bSEK 4.4b76.9x65.4x5x
Tue, 14 Sep 2021SEK 300.5bSEK 57.8bSEK 4.4b84.6x67.9x5.2x
Thu, 12 Aug 2021SEK 309.3bSEK 57.8bSEK 4.4b66.3x69.6x5.4x
Price to Earnings Ratio

69.6x


Total Market Cap: SEK 309.3bTotal Earnings: SEK 4.4bTotal Revenue: SEK 57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 89.6x202220232024
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 52.9x which is lower than its 3-year average PE of 89.6x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.2x.
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-4.26%
Healthcare-3.15%
Medical Equipment-3.96%
Medical Supplies-2.18%
Medical Equipment-4.46%
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 16.7%, 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?

CompanyLast Price7D1YValuation
IMMNOV ImmunoviaSEK 2.7572.6%
+SEK 52.3m		116.5%PS102.7x
ORT B OrtomaSEK 10.2510.7%
+SEK 36.7m		31.7%PS6.1x
ELOS B Elos MedtechSEK 203.000.5%
+SEK 28.2m		-17.3%PE104.3x
MCLR MedclairSEK 1.6815.5%
+SEK 18.6m		38.7%PS3.2x
NEOLA Neola MedicalSEK 2.885.1%
+SEK 9.8m		74.5%PS18.5x
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EKTA B

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ORT B

SEK 10.25

Ortoma

7D

10.7%

1Y

31.7%

IMMNOV

SEK 2.75

Immunovia

7D

72.6%

1Y

116.5%

REDS

SEK 7.18

Redsense Medical

7D

5.6%

1Y

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SPEC

SEK 2.40

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3.0%

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SEK 22.15

Sedana Medical

7D

-6.3%

1Y

2.1%

IMP A SDB

SEK 37.85

Implantica

7D

-2.9%

1Y

94.1%

GETI B

SEK 198.55

Getinge

7D

-4.9%

1Y

2.7%

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VIMIAN

SEK 33.65

Vimian Group

7D

-2.2%

1Y

22.8%

ARJO B

SEK 39.94

Arjo

7D

-4.5%

1Y

-7.7%

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SUS

SEK 124.30

Surgical Science Sweden

7D

-4.8%

1Y

-43.2%

NEOLA

SEK 2.88

Neola Medical

7D

5.1%

1Y

74.5%

SCIB

SEK 0.54

SciBase Holding

7D

6.9%

1Y

-62.6%

MCLR

SEK 1.68

Medclair

7D

15.5%

1Y

38.7%

ELOS B

SEK 203.00

Elos Medtech

7D

0.5%

1Y

-17.3%