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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedJul 23, 2024
DataAggregated Company Financials
Companies60
  • 7D2.5%
  • 3M-0.4%
  • 1Y2.0%
  • YTD-3.0%

In the last week, the Medical Equipment industry is up 2.2%, with Getinge up 9.3%. In the same time, Implantica was down 8.2%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jul 2024SEK 169.5bSEK 74.5bSEK 3.1b28.8x55.6x2.3x
Thu, 20 Jun 2024SEK 154.7bSEK 72.8bSEK 2.6b29x58.9x2.1x
Sat, 18 May 2024SEK 164.9bSEK 73.0bSEK 2.8b27.8x59.8x2.3x
Mon, 15 Apr 2024SEK 167.2bSEK 72.3bSEK 2.6b32.9x65.2x2.3x
Wed, 13 Mar 2024SEK 163.2bSEK 72.2bSEK 2.4b30.7x67.1x2.3x
Fri, 09 Feb 2024SEK 159.7bSEK 71.7bSEK 2.2b47.5x71x2.2x
Sun, 07 Jan 2024SEK 173.9bSEK 71.4bSEK 1.5b40.9x113.6x2.4x
Tue, 05 Dec 2023SEK 165.8bSEK 70.6bSEK 1.5b36.1x112.2x2.3x
Thu, 02 Nov 2023SEK 145.6bSEK 69.9bSEK 1.2b28.2x118.4x2.1x
Sat, 30 Sep 2023SEK 148.4bSEK 68.7bSEK 1.1b30.7x137.4x2.2x
Mon, 28 Aug 2023SEK 151.9bSEK 68.8bSEK 1.1b29.1x141.2x2.2x
Wed, 26 Jul 2023SEK 163.8bSEK 67.9bSEK 952.4m34.5x172x2.4x
Fri, 23 Jun 2023SEK 158.0bSEK 67.0bSEK 1.3b32.7x117.9x2.4x
Sun, 21 May 2023SEK 185.2bSEK 65.9bSEK 1.4b37.5x134.6x2.8x
Tue, 18 Apr 2023SEK 176.9bSEK 64.0bSEK 1.4b35.4x129.6x2.8x
Thu, 16 Mar 2023SEK 164.3bSEK 64.0bSEK 1.4b36.5x114.6x2.6x
Sat, 11 Feb 2023SEK 172.0bSEK 62.6bSEK 2.0b37.9x87.8x2.7x
Mon, 09 Jan 2023SEK 163.3bSEK 61.8bSEK 2.3b27.6x70.5x2.6x
Wed, 07 Dec 2022SEK 167.0bSEK 61.8bSEK 2.4b26.2x70.3x2.7x
Fri, 04 Nov 2022SEK 166.7bSEK 61.0bSEK 2.7b25x61.3x2.7x
Sun, 02 Oct 2022SEK 149.5bSEK 59.7bSEK 2.8b26.2x54.2x2.5x
Tue, 30 Aug 2022SEK 166.9bSEK 59.6bSEK 2.9b31.7x58.2x2.8x
Thu, 28 Jul 2022SEK 182.8bSEK 58.8bSEK 2.7b34.8x66.6x3.1x
Sat, 25 Jun 2022SEK 192.5bSEK 58.4bSEK 3.0b35.8x65.1x3.3x
Mon, 23 May 2022SEK 212.8bSEK 57.5bSEK 2.9b42.7x72.7x3.7x
Wed, 20 Apr 2022SEK 247.5bSEK 56.9bSEK 3.1b62.1x79.5x4.4x
Fri, 18 Mar 2022SEK 250.6bSEK 56.9bSEK 3.1b60.3x80.7x4.4x
Sun, 13 Feb 2022SEK 267.6bSEK 56.3bSEK 3.7b46x72.1x4.7x
Tue, 11 Jan 2022SEK 279.6bSEK 56.9bSEK 3.8b57x72.7x4.9x
Thu, 09 Dec 2021SEK 294.2bSEK 56.9bSEK 3.9b56.5x76.4x5.2x
Sat, 06 Nov 2021SEK 301.6bSEK 56.4bSEK 3.9b68.8x77.6x5.3x
Mon, 04 Oct 2021SEK 282.1bSEK 57.8bSEK 4.4b77x63.5x4.9x
Wed, 01 Sep 2021SEK 302.7bSEK 57.8bSEK 4.4b68.6x68.1x5.2x
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 89.9x202220232024
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 55.5x which is lower than its 3-year average PE of 89.9x.
  • 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 12% 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 Market0.17%
Healthcare3.12%
Medical Equipment2.46%
Medical Equipment3.36%
Medical Supplies-0.53%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 65.5x.
    • Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 50.2% 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 16% 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
GETI B GetingeSEK 202.909.3%
+SEK 4.7b		5.7%PE21.4x
XVIVO Xvivo PerfusionSEK 527.003.3%
+SEK 535.5m		77.4%PE137.5x
SUS Surgical Science SwedenSEK 135.007.7%
+SEK 495.0m		-42.1%PE33.1x
EKTA B ElektaSEK 67.851.3%
+SEK 324.8m		-20.8%PE19.9x
STIL StilleSEK 245.0016.7%
+SEK 314.5m		114.9%PE46x
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Latest News

SEDANA

SEK 26.45

Sedana Medical

7D

-4.9%

1Y

5.5%

CEVI

SEK 251.00

CellaVision

7D

-7.4%

1Y

8.9%

GETI B

SEK 202.90

Getinge

7D

9.3%

1Y

5.7%

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

ORT B

SEK 9.48

Ortoma

7D

-15.4%

1Y

33.9%

STIL

SEK 245.00

Stille

7D

16.7%

1Y

114.9%

VIMIAN

SEK 34.10

Vimian Group

7D

-4.1%

1Y

26.1%

XVIVO

SEK 527.00

Xvivo Perfusion

7D

3.3%

1Y

77.4%

PAX

SEK 55.80

Paxman

7D

-3.8%

1Y

88.5%

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

BACTI B

SEK 70.00

Bactiguard Holding

7D

1.7%

1Y

6.5%

ARJO B

SEK 41.82

Arjo

7D

0.5%

1Y

-12.6%

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

IMP A SDB

SEK 34.60

Implantica

7D

-8.2%

1Y

78.9%

EKTA B

SEK 67.85

Elekta

7D

1.3%

1Y

-20.8%

SUS

SEK 135.00

Surgical Science Sweden

7D

7.7%

1Y

-42.1%

BRAIN

SEK 2.07

BrainCool

7D

-7.2%

1Y

-60.0%

SEZI

SEK 7.67

Senzime

7D

7.9%

1Y

50.7%

INTEG B

SEK 51.00

Integrum

7D

-5.9%

1Y

200.0%