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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedJul 25, 2024
DataAggregated Company Financials
Companies58
  • 7D-4.4%
  • 3M3.7%
  • 1Y12.6%
  • YTD12.0%

In the last week, the Medical Equipment industry is down 3.8% with Easywell Biomedicals down the most at 6.0%. On the other hand Applied BioCode is actually up 13%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jul 2024NT$243.2bNT$63.8bNT$5.9b21.8x41.3x3.8x
Sat, 22 Jun 2024NT$243.7bNT$63.5bNT$5.8b22.6x42.3x3.8x
Mon, 20 May 2024NT$231.5bNT$63.3bNT$5.7b21.6x40.5x3.7x
Wed, 17 Apr 2024NT$229.0bNT$63.2bNT$5.3b25.4x43.1x3.6x
Fri, 15 Mar 2024NT$224.8bNT$63.7bNT$5.5b26.9x40.9x3.5x
Sun, 11 Feb 2024NT$213.1bNT$62.5bNT$5.6b26.6x37.9x3.4x
Tue, 09 Jan 2024NT$211.8bNT$62.2bNT$5.5b27.9x38.8x3.4x
Thu, 07 Dec 2023NT$204.9bNT$62.2bNT$5.5b27.3x37.5x3.3x
Sat, 04 Nov 2023NT$189.8bNT$64.1bNT$6.4b25.5x29.8x3x
Mon, 02 Oct 2023NT$193.4bNT$64.2bNT$6.6b25.6x29.4x3x
Wed, 30 Aug 2023NT$189.7bNT$64.2bNT$6.6b25.4x28.6x3x
Fri, 28 Jul 2023NT$205.5bNT$68.1bNT$9.1b24.7x22.5x3x
Sun, 25 Jun 2023NT$200.5bNT$67.6bNT$9.2b24.1x21.8x3x
Tue, 23 May 2023NT$196.0bNT$67.7bNT$9.7b21.9x20.2x2.9x
Thu, 20 Apr 2023NT$212.1bNT$68.1bNT$10.0b22.4x21.3x3.1x
Sat, 18 Mar 2023NT$199.3bNT$67.5bNT$10.2b20.2x19.6x3x
Mon, 13 Feb 2023NT$202.6bNT$66.9bNT$10.2b20.5x19.9x3x
Wed, 11 Jan 2023NT$187.1bNT$66.9bNT$10.2b18.7x18.4x2.8x
Fri, 09 Dec 2022NT$186.2bNT$66.9bNT$10.2b18x18.3x2.8x
Sun, 06 Nov 2022NT$161.6bNT$65.5bNT$9.4b16.7x17.2x2.5x
Tue, 04 Oct 2022NT$171.5bNT$65.1bNT$9.3b18.6x18.4x2.6x
Thu, 01 Sep 2022NT$196.8bNT$65.1bNT$9.3b20.7x21.1x3x
Sat, 30 Jul 2022NT$186.2bNT$61.4bNT$7.8b20.7x23.9x3x
Mon, 27 Jun 2022NT$179.5bNT$61.2bNT$7.7b20.1x23.3x2.9x
Wed, 25 May 2022NT$200.0bNT$70.1bNT$8.6b20.6x23.2x2.9x
Fri, 22 Apr 2022NT$222.4bNT$69.5bNT$8.1b23.8x27.3x3.2x
Sun, 20 Mar 2022NT$203.7bNT$71.2bNT$9.1b23.4x22.5x2.9x
Tue, 15 Feb 2022NT$209.5bNT$70.7bNT$8.8b25x23.9x3x
Thu, 13 Jan 2022NT$213.9bNT$70.7bNT$8.8b27.1x24.4x3x
Sat, 11 Dec 2021NT$211.5bNT$70.7bNT$8.8b25.4x24.1x3x
Mon, 08 Nov 2021NT$204.0bNT$71.1bNT$9.5b24.1x21.5x2.9x
Wed, 06 Oct 2021NT$191.0bNT$69.1bNT$8.9b22.5x21.4x2.8x
Fri, 03 Sep 2021NT$202.2bNT$69.1bNT$8.9b23.2x22.7x2.9x
Sun, 01 Aug 2021NT$202.8bNT$69.1bNT$8.9b24.4x22.8x2.9x
Price to Earnings Ratio

22.8x


Total Market Cap: NT$202.8bTotal Earnings: NT$8.9bTotal Revenue: NT$69.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 26.6x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.1x which is higher than its 3-year average PE of 26.5x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 13% per year over the last three years,
  • Revenues have also declined 2.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Taiwanese Healthcare industry?

TW Market-3.84%
Healthcare-2.86%
Medical Equipment-4.41%
Medical Supplies-3.90%
Medical Equipment-5.02%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 63.4x.
    • Analysts are expecting annual earnings growth of 2.8%, which is higher than its past year's earnings decline of 22.0% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 4.3% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 2.8% 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
6747 Brighten OptixNT$157.502.6%
+NT$108.8m		-12.5%PE22x
6762 Delta Asia InternationalNT$290.000.7%
+NT$51.8m		3.6%PE160.6x
4155 OK BiotechNT$26.701.3%
+NT$51.4m		-10.4%PE186.7x
7575 AmedNT$61.002.3%
+NT$42.0m		0.6%n/a
6543 Perfect Medical IndustryNT$27.502.4%
+NT$29.7m		60.3%PE31.3x
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Latest News

1786

NT$114.50

SciVision Biotech

7D

-7.3%

1Y

29.4%

SciVision Biotech's (TWSE:1786) Upcoming Dividend Will Be Larger Than Last Year's

Jul 22
SciVision Biotech's (TWSE:1786) Upcoming Dividend Will Be Larger Than Last Year's

4736

NT$164.50

TaiDoc Technology

7D

-3.2%

1Y

-11.1%

6598

NT$29.00

Applied BioCode

7D

0.7%

1Y

14.2%

6491

NT$438.00

Pegavision

7D

-1.6%

1Y

16.3%

6782

NT$264.00

Visco Vision

7D

-3.8%

1Y

41.2%

4129

NT$94.80

United Orthopedic

7D

-4.1%

1Y

28.1%

6747

NT$157.50

Brighten Optix

7D

2.6%

1Y

-12.5%

4771

NT$248.00

Vizionfocus

7D

-6.4%

1Y

7.6%

6543

NT$27.50

Perfect Medical Industry

7D

2.4%

1Y

60.3%

6612

NT$155.50

ICARES Medicus

7D

-4.9%

1Y

20.9%

6762

NT$290.00

Delta Asia International

7D

0.7%

1Y

3.6%

4155

NT$26.70

OK Biotech

7D

1.3%

1Y

-10.4%

1799

NT$160.00

Easywell Biomedicals

7D

-18.6%

1Y

604.8%

6572

NT$13.55

PlexBio

7D

1.1%

1Y

-13.1%

4115

NT$12.25

Sunder Biomedical Tech

7D

3.8%

1Y

-31.0%