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Swedish (OMX) Medical Equipment Industry Analysis

UpdatedAug 24, 2024
DataAggregated Company Financials
Companies61
  • 7D2.6%
  • 3M6.7%
  • 1Y15.4%
  • YTD1.9%

Over the last 7 days, the Medical Equipment industry has risen 2.6%, driven by gains from Implantica of 23%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 25 Aug 2024SEK 178.6bSEK 74.5bSEK 3.3b30.3x54.5x2.4x
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

68.1x


Total Market Cap: SEK 302.7bTotal Earnings: SEK 4.4bTotal Revenue: SEK 57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Medical Equipment Industry Price to Earnings3Y Average 89.2x202220232024
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 54.5x which is lower than its 3-year average PE of 89.3x.
  • The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 9.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.9% 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 Market1.47%
Healthcare1.16%
Medical Equipment2.56%
Medical Equipment3.19%
Medical Supplies0.54%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 65.0x.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 37.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 54% 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 50.8023.5%
+SEK 2.7b		106.1%PS663.7x
GETI B GetingeSEK 209.602.6%
+SEK 1.5b		11.9%PE22.1x
CEVI CellaVisionSEK 265.006.0%
+SEK 357.8m		52.8%PE43.6x
VIMIAN Vimian GroupSEK 40.801.5%
+SEK 313.5m		43.5%PE190.7x
EKTA B ElektaSEK 69.251.1%
+SEK 286.6m		-10.6%PE20.3x
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