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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedAug 03, 2024
DataAggregated Company Financials
Companies60
  • 7D-3.9%
  • 3M-4.8%
  • 1Y-1.3%
  • YTD-6.0%

Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by Getinge declining 4.9%. In contrast, Immunovia has gained 67%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Aug 2024SEK 164.6bSEK 74.4bSEK 3.1b26.7x53x2.2x
Mon, 01 Jul 2024SEK 157.3bSEK 72.9bSEK 2.6b30.4x59.9x2.2x
Wed, 29 May 2024SEK 167.8bSEK 73.0bSEK 2.8b30.5x59.9x2.3x
Fri, 26 Apr 2024SEK 196.3bSEK 73.0bSEK 2.5b36.4x78.1x2.7x
Sun, 24 Mar 2024SEK 161.7bSEK 72.2bSEK 2.4b31.9x66.5x2.2x
Tue, 20 Feb 2024SEK 165.5bSEK 71.9bSEK 2.4b42x69.2x2.3x
Thu, 18 Jan 2024SEK 172.5bSEK 71.5bSEK 1.5b40.9x113x2.4x
Sat, 16 Dec 2023SEK 169.6bSEK 71.4bSEK 1.5b39.5x111.1x2.4x
Mon, 13 Nov 2023SEK 155.6bSEK 69.9bSEK 1.3b31.8x116.6x2.2x
Wed, 11 Oct 2023SEK 150.8bSEK 68.7bSEK 1.1b30.1x138.9x2.2x
Fri, 08 Sep 2023SEK 152.8bSEK 68.8bSEK 1.0b30.7x147.7x2.2x
Sun, 06 Aug 2023SEK 163.5bSEK 68.0bSEK 928.4m31.7x176.1x2.4x
Tue, 04 Jul 2023SEK 157.7bSEK 67.0bSEK 1.3b33.8x117.3x2.4x
Thu, 01 Jun 2023SEK 176.2bSEK 66.9bSEK 1.4b36x129.8x2.6x
Sat, 29 Apr 2023SEK 184.3bSEK 65.5bSEK 1.4b35.3x132.3x2.8x
Mon, 27 Mar 2023SEK 167.3bSEK 64.0bSEK 1.4b35.3x116.7x2.6x
Wed, 22 Feb 2023SEK 168.2bSEK 62.6bSEK 1.7b41.7x97.9x2.7x
Fri, 20 Jan 2023SEK 170.2bSEK 61.8bSEK 2.3b29.7x73.4x2.8x
Sun, 18 Dec 2022SEK 159.0bSEK 61.8bSEK 2.3b25.6x68.6x2.6x
Tue, 15 Nov 2022SEK 175.7bSEK 60.9bSEK 2.7b24.5x65.4x2.9x
Thu, 13 Oct 2022SEK 150.2bSEK 59.7bSEK 2.8b26.7x54.5x2.5x
Sat, 10 Sep 2022SEK 167.8bSEK 59.6bSEK 2.8b30.8x59.3x2.8x
Mon, 08 Aug 2022SEK 183.3bSEK 58.8bSEK 2.7b35.5x66.8x3.1x
Wed, 06 Jul 2022SEK 195.4bSEK 58.4bSEK 2.9b36.6x66.9x3.3x
Fri, 03 Jun 2022SEK 213.6bSEK 58.3bSEK 3.0b40.2x72.3x3.7x
Sun, 01 May 2022SEK 215.8bSEK 57.2bSEK 3.0b53.5x73x3.8x
Tue, 29 Mar 2022SEK 248.4bSEK 56.9bSEK 3.1b60.2x80x4.4x
Thu, 24 Feb 2022SEK 241.8bSEK 56.5bSEK 3.7b45.9x65.3x4.3x
Sat, 22 Jan 2022SEK 262.2bSEK 56.9bSEK 3.8b53.9x68.1x4.6x
Mon, 20 Dec 2021SEK 290.0bSEK 57.0bSEK 3.8b55.4x75.6x5.1x
Wed, 17 Nov 2021SEK 321.2bSEK 63.1bSEK 1.3b67.9x250.5x5.1x
Fri, 15 Oct 2021SEK 288.4bSEK 57.7bSEK 4.4b78.5x65x5x
Sun, 12 Sep 2021SEK 307.1bSEK 57.8bSEK 4.4b85.2x69.5x5.3x
Tue, 10 Aug 2021SEK 309.2bSEK 57.8bSEK 4.4b66.8x69.6x5.4x
Price to Earnings Ratio

69.6x


Total Market Cap: SEK 309.2bTotal 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 54.3x 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 2.3x.
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-4.24%
Healthcare-3.96%
Medical Equipment-3.93%
Medical Supplies-3.65%
Medical Equipment-4.01%
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 16.9%, 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 2.7567.4%
+SEK 50.0m		126.9%PS102.7x
ORT B OrtomaSEK 10.2512.9%
+SEK 43.4m		34.9%PS6.1x
ELOS B Elos MedtechSEK 203.000.5%
+SEK 28.2m		-17.3%PE104.3x
PAX PaxmanSEK 55.602.6%
+SEK 26.6m		76.5%PE44.1x
MCLR MedclairSEK 1.6817.5%
+SEK 20.6m		34.4%PS3.2x
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Latest News

XVIVO

SEK 493.00

Xvivo Perfusion

7D

-4.3%

1Y

58.0%

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ORT B

SEK 10.25

Ortoma

7D

12.9%

1Y

34.9%

IMMNOV

SEK 2.75

Immunovia

7D

67.4%

1Y

126.9%

SEDANA

SEK 22.15

Sedana Medical

7D

-5.9%

1Y

-2.9%

BOUL

SEK 8.84

Boule Diagnostics

7D

3.5%

1Y

-15.5%

IMP A SDB

SEK 37.85

Implantica

7D

-2.7%

1Y

87.8%

GETI B

SEK 198.55

Getinge

7D

-4.9%

1Y

1.8%

Getinge AB (publ) Just Recorded A 21% EPS Beat: Here's What Analysts Are Forecasting Next

Jul 21
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VIMIAN

SEK 33.65

Vimian Group

7D

-3.0%

1Y

17.7%

PAX

SEK 55.60

Paxman

7D

2.6%

1Y

76.5%

After Leaping 28% Paxman AB (publ) (STO:PAX) Shares Are Not Flying Under The Radar

Jul 18
After Leaping 28% Paxman AB (publ) (STO:PAX) Shares Are Not Flying Under The Radar

ARJO B

SEK 39.94

Arjo

7D

-3.8%

1Y

-8.6%

Arjo AB (publ) (STO:ARJO B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Jul 16
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EKTA B

SEK 64.30

Elekta

7D

-3.8%

1Y

-24.0%

SUS

SEK 124.30

Surgical Science Sweden

7D

-5.8%

1Y

-44.8%

DIGN

SEK 1.55

Dignitana

7D

8.4%

1Y

-61.0%

NEOLA

SEK 2.88

Neola Medical

7D

6.7%

1Y

74.0%

MCLR

SEK 1.68

Medclair

7D

17.5%

1Y

34.4%

ELOS B

SEK 203.00

Elos Medtech

7D

0.5%

1Y

-17.3%