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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedMar 26, 2024
DataAggregated Company Financials
Companies57
  • 7D1.5%
  • 3M8.9%
  • 1Y5.6%
  • YTD7.4%

Vizionfocus is up 11%, leading the way for the Medical Equipment industry, which has gained 2.5%. In the same time, Visco Vision was down 7.3%. This means that the industry has gained 5.6% over the past year. 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
Tue, 26 Mar 2024NT$229.3bNT$63.7bNT$5.6b23.3x41.1x3.6x
Thu, 22 Feb 2024NT$218.6bNT$62.5bNT$5.6b26.8x38.9x3.5x
Sat, 20 Jan 2024NT$206.1bNT$62.2bNT$5.5b27.2x37.7x3.3x
Mon, 18 Dec 2023NT$203.8bNT$62.2bNT$5.5b26x37.3x3.3x
Wed, 15 Nov 2023NT$194.6bNT$63.9bNT$6.2b26.9x31.6x3x
Fri, 13 Oct 2023NT$192.8bNT$64.3bNT$6.6b25.5x29.2x3x
Sun, 10 Sep 2023NT$190.6bNT$64.2bNT$6.6b25.7x28.9x3x
Tue, 08 Aug 2023NT$198.4bNT$68.1bNT$9.1b23.2x21.9x2.9x
Thu, 06 Jul 2023NT$209.8bNT$67.6bNT$9.2b26.3x22.8x3.1x
Sat, 03 Jun 2023NT$201.5bNT$67.6bNT$9.3b21.4x21.6x3x
Mon, 01 May 2023NT$207.0bNT$68.1bNT$10.0b22.5x20.6x3x
Wed, 29 Mar 2023NT$200.3bNT$67.3bNT$9.9b19.9x20.1x3x
Fri, 24 Feb 2023NT$212.7bNT$67.1bNT$10.2b21x20.8x3.2x
Sun, 22 Jan 2023NT$192.9bNT$66.9bNT$10.2b19x18.9x2.9x
Tue, 20 Dec 2022NT$192.7bNT$66.9bNT$10.2b18.8x18.9x2.9x
Thu, 17 Nov 2022NT$167.3bNT$66.8bNT$10.2b16.5x16.5x2.5x
Sat, 15 Oct 2022NT$162.8bNT$65.1bNT$9.3b17.4x17.4x2.5x
Mon, 12 Sep 2022NT$191.6bNT$65.1bNT$9.3b19.9x20.6x2.9x
Wed, 10 Aug 2022NT$180.9bNT$61.7bNT$7.8b19.5x23.1x2.9x
Fri, 08 Jul 2022NT$175.2bNT$61.2bNT$7.7b19.1x22.8x2.9x
Sun, 05 Jun 2022NT$206.9bNT$70.1bNT$8.6b21.4x23.9x2.9x
Tue, 03 May 2022NT$217.1bNT$70.3bNT$8.4b21.6x25.8x3.1x
Thu, 31 Mar 2022NT$211.2bNT$69.3bNT$8.6b23.4x24.7x3x
Sat, 26 Feb 2022NT$206.2bNT$70.8bNT$8.9b24.7x23.3x2.9x
Mon, 24 Jan 2022NT$208.2bNT$70.7bNT$8.8b25.6x23.7x2.9x
Wed, 22 Dec 2021NT$211.6bNT$70.7bNT$8.8b24.9x24.1x3x
Fri, 19 Nov 2021NT$199.1bNT$70.7bNT$9.0b25.5x22.1x2.8x
Sun, 17 Oct 2021NT$190.0bNT$69.1bNT$8.9b23.2x21.3x2.7x
Tue, 14 Sep 2021NT$202.7bNT$69.1bNT$8.9b22.9x22.7x2.9x
Thu, 12 Aug 2021NT$198.6bNT$69.1bNT$8.9b24.1x22.3x2.9x
Mon, 07 Jun 2021NT$203.4bNT$67.1bNT$8.6b20.6x23.6x3x
Price to Earnings Ratio

22.7x


Total Market Cap: NT$195.8bTotal Earnings: NT$8.6bTotal Revenue: NT$67.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 24.5x202220232024
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 41.0x which is higher than its 3-year average PE of 24.5x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Taiwanese Healthcare industry?

TW Market1.52%
Healthcare1.71%
Medical Equipment1.49%
Medical Equipment1.56%
Medical Supplies1.43%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 37.4x.
    • Analysts are expecting annual earnings decline of 6.1%, which is less than its past year's earnings decline of 27.9%.
  • Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings decline by 6.1% 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
4771 VizionfocusNT$374.0010.0%
+NT$1.8b
120.0%PE34.9x
1799 Easywell BiomedicalsNT$69.8016.9%
+NT$1.2b
211.6%PS35.2x
6499 Medeon BiodesignNT$42.907.5%
+NT$276.1m
-23.7%PS20.1x
1786 SciVision BiotechNT$93.603.5%
+NT$216.7m
43.6%PE35.6x
4736 TaiDoc TechnologyNT$153.500.7%
+NT$95.4m
-17.3%PE11.3x
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4129

NT$98.50

United Orthopedic

7D

-4.8%

1Y

85.2%

4737

NT$68.70

Bionime

7D

-2.6%

1Y

-10.8%

6747

NT$189.00

Brighten Optix

7D

1.6%

1Y

-21.9%

1565

NT$190.00

St.Shine OpticalLtd

7D

-1.0%

1Y

-26.5%

1799

NT$69.80

Easywell Biomedicals

7D

16.9%

1Y

211.6%

4736

NT$153.50

TaiDoc Technology

7D

0.7%

1Y

-17.3%

6796

NT$86.40

Medimaging Integrated Solution

7D

-5.6%

1Y

-15.7%

4163

NT$123.00

INTAI Technology

7D

1.2%

1Y

0.4%

1786

NT$93.60

SciVision Biotech

7D

3.5%

1Y

43.6%

6782

NT$230.00

Visco Vision

7D

-8.9%

1Y

-15.0%

6815

NT$95.00

Diamond Biotechnology

7D

3.5%

1Y

104.6%

6499

NT$42.90

Medeon Biodesign

7D

7.5%

1Y

-23.7%

6847

NT$115.00

Puriblood Medical

7D

-4.2%

1Y

-17.3%