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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedAug 02, 2024
DataAggregated Company Financials
Companies60
  • 7D-1.7%
  • 3M-2.6%
  • 1Y1.3%
  • YTD-3.8%

Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by a pullback from Getinge of 3.2%. 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
Fri, 02 Aug 2024SEK 168.5bSEK 74.5bSEK 3.1b27.4x54.3x2.3x
Sun, 30 Jun 2024SEK 157.3bSEK 72.9bSEK 2.6b30.4x59.9x2.2x
Tue, 28 May 2024SEK 167.4bSEK 73.0bSEK 2.8b29.7x59.8x2.3x
Thu, 25 Apr 2024SEK 171.3bSEK 72.9bSEK 2.5b32.7x69.1x2.3x
Sat, 23 Mar 2024SEK 161.7bSEK 72.2bSEK 2.4b31.9x66.5x2.2x
Mon, 19 Feb 2024SEK 166.2bSEK 71.9bSEK 2.4b43x68.3x2.3x
Wed, 17 Jan 2024SEK 174.4bSEK 71.4bSEK 1.5b41.1x114.2x2.4x
Fri, 15 Dec 2023SEK 169.6bSEK 71.4bSEK 1.5b39.3x111.1x2.4x
Sun, 12 Nov 2023SEK 155.6bSEK 69.9bSEK 1.3b31.8x116.6x2.2x
Tue, 10 Oct 2023SEK 145.2bSEK 68.7bSEK 1.1b28.7x134x2.1x
Thu, 07 Sep 2023SEK 154.5bSEK 68.8bSEK 1.0b30.7x149.3x2.2x
Sat, 05 Aug 2023SEK 163.5bSEK 68.0bSEK 940.0m31.7x173.9x2.4x
Mon, 03 Jul 2023SEK 158.8bSEK 67.0bSEK 1.3b33.8x118x2.4x
Wed, 31 May 2023SEK 177.3bSEK 66.9bSEK 1.4b34.1x131.1x2.6x
Fri, 28 Apr 2023SEK 182.2bSEK 65.6bSEK 1.4b36.4x130.9x2.8x
Sun, 26 Mar 2023SEK 167.3bSEK 64.0bSEK 1.4b35.3x116.7x2.6x
Tue, 21 Feb 2023SEK 170.4bSEK 62.6bSEK 1.7b43.1x99.2x2.7x
Thu, 19 Jan 2023SEK 175.2bSEK 61.8bSEK 2.3b30.1x75.6x2.8x
Sat, 17 Dec 2022SEK 159.0bSEK 61.8bSEK 2.3b25.6x68.6x2.6x
Mon, 14 Nov 2022SEK 176.5bSEK 60.9bSEK 2.7b24.9x65.7x2.9x
Wed, 12 Oct 2022SEK 153.4bSEK 59.7bSEK 2.8b25.8x55.7x2.6x
Fri, 09 Sep 2022SEK 164.0bSEK 59.6bSEK 2.8b30.3x58x2.7x
Sun, 07 Aug 2022SEK 183.3bSEK 58.8bSEK 2.7b35.5x66.8x3.1x
Tue, 05 Jul 2022SEK 193.8bSEK 58.4bSEK 2.9b37.2x66.2x3.3x
Thu, 02 Jun 2022SEK 213.6bSEK 58.3bSEK 3.0b40.2x72.3x3.7x
Sat, 30 Apr 2022SEK 215.8bSEK 57.2bSEK 3.0b53.5x73x3.8x
Mon, 28 Mar 2022SEK 243.9bSEK 56.9bSEK 3.1b59.8x78.5x4.3x
Wed, 23 Feb 2022SEK 241.9bSEK 56.5bSEK 3.7b45.3x65.3x4.3x
Fri, 21 Jan 2022SEK 267.1bSEK 56.9bSEK 3.8b55.6x69.5x4.7x
Sun, 19 Dec 2021SEK 290.0bSEK 57.0bSEK 3.8b55.4x75.6x5.1x
Tue, 16 Nov 2021SEK 321.2bSEK 63.1bSEK 1.3b67.9x250.5x5.1x
Thu, 14 Oct 2021SEK 283.7bSEK 57.8bSEK 4.4b77.1x63.9x4.9x
Sat, 11 Sep 2021SEK 307.1bSEK 57.8bSEK 4.4b85.2x69.5x5.3x
Mon, 09 Aug 2021SEK 310.1bSEK 57.8bSEK 4.4b66.4x69.8x5.4x
Price to Earnings Ratio

69.8x


Total Market Cap: SEK 310.1bTotal 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-0.60%
Healthcare-2.40%
Medical Equipment-1.72%
Medical Equipment-1.71%
Medical Supplies-1.74%
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
IMP A SDB ImplanticaSEK 39.653.0%
+SEK 325.6m		97.8%PS571.1x
IMMNOV ImmunoviaSEK 3.0083.8%
+SEK 62.0m		153.8%PS112.2x
ORT B OrtomaSEK 10.3513.5%
+SEK 45.6m		34.8%PS6.2x
CARE CareiumSEK 35.103.8%
+SEK 31.6m		119.4%PE19.1x
ELOS B Elos MedtechSEK 203.000.5%
+SEK 28.2m		-17.3%PE104.3x
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Latest News

IMMNOV

SEK 3.00

Immunovia

7D

83.8%

1Y

153.8%

NANEXA

SEK 1.08

Nanexa

7D

14.6%

1Y

-70.9%

SEDANA

SEK 22.85

Sedana Medical

7D

1.1%

1Y

2.0%

IMP A SDB

SEK 39.65

Implantica

7D

3.0%

1Y

97.8%

CEVI

SEK 250.00

CellaVision

7D

-1.8%

1Y

18.2%

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Jul 24
CellaVision AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

STIL

SEK 236.00

Stille

7D

1.3%

1Y

114.5%

ORT B

SEK 10.35

Ortoma

7D

13.5%

1Y

34.8%

ADDV A

SEK 15.10

ADDvise Group

7D

-4.4%

1Y

-9.9%

Analysts Have Lowered Expectations For ADDvise Group AB (publ) (STO:ADDV A) After Its Latest Results

Jul 21
Analysts Have Lowered Expectations For ADDvise Group AB (publ) (STO:ADDV A) After Its Latest Results

GETI B

SEK 202.60

Getinge

7D

-3.2%

1Y

4.2%

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

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

VIMIAN

SEK 33.70

Vimian Group

7D

-1.3%

1Y

18.2%

XVIVO

SEK 506.00

Xvivo Perfusion

7D

-2.3%

1Y

62.2%

CARE

SEK 35.10

Careium

7D

3.8%

1Y

119.4%

ARJO B

SEK 40.80

Arjo

7D

-2.1%

1Y

-6.3%

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

Jul 16
Arjo AB (publ) (STO:ARJO B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

EKTA B

SEK 66.40

Elekta

7D

-1.3%

1Y

-21.2%

SUS

SEK 127.90

Surgical Science Sweden

7D

-2.4%

1Y

-43.2%

ELOS B

SEK 203.00

Elos Medtech

7D

0.5%

1Y

-17.3%