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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedMar 27, 2023
DataAggregated Company Financials
Companies54
  • 7D1.8%
  • 3M8.9%
  • 1Y8.3%
  • YTD9.0%

Over the last 7 days, the Medical Equipment industry has risen 1.8%, driven by gains from Visco Vision of 6.5%. In the same time, SciVision Biotech was down 6.2%. This takes the industry's 12 month performance to a gain of 8.3%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Mar 2023NT$203.1bNT$67.5bNT$10.0b20.7x20.3x3x
Wed, 22 Feb 2023NT$210.0bNT$67.1bNT$10.2b20.9x20.5x3.1x
Fri, 20 Jan 2023NT$192.9bNT$66.9bNT$10.2b19x18.9x2.9x
Sun, 18 Dec 2022NT$191.1bNT$66.9bNT$10.2b18.8x18.8x2.9x
Tue, 15 Nov 2022NT$167.1bNT$66.8bNT$10.1b16.4x16.5x2.5x
Thu, 13 Oct 2022NT$167.0bNT$65.1bNT$9.3b17.4x17.9x2.6x
Sat, 10 Sep 2022NT$191.6bNT$65.1bNT$9.3b19.9x20.6x2.9x
Mon, 08 Aug 2022NT$179.6bNT$61.7bNT$7.8b19.6x23x2.9x
Wed, 06 Jul 2022NT$173.9bNT$61.2bNT$7.7b19.3x22.6x2.8x
Fri, 03 Jun 2022NT$206.9bNT$70.1bNT$8.6b21.9x23.9x3x
Sun, 01 May 2022NT$217.1bNT$70.3bNT$8.3b21.4x26x3.1x
Tue, 29 Mar 2022NT$208.7bNT$69.3bNT$8.6b23.2x24.3x3x
Thu, 24 Feb 2022NT$208.1bNT$70.8bNT$8.9b25x23.5x2.9x
Sat, 22 Jan 2022NT$208.2bNT$70.7bNT$8.8b25.6x23.7x2.9x
Mon, 20 Dec 2021NT$211.2bNT$70.7bNT$8.8b24.6x24.1x3x
Wed, 17 Nov 2021NT$199.4bNT$70.8bNT$9.1b23.5x21.9x2.8x
Fri, 15 Oct 2021NT$187.9bNT$69.1bNT$8.9b23.2x21.1x2.7x
Sun, 12 Sep 2021NT$200.7bNT$69.1bNT$8.9b22.7x22.5x2.9x
Tue, 10 Aug 2021NT$202.3bNT$69.1bNT$8.9b24.3x22.8x2.9x
Mon, 03 May 2021NT$201.9bNT$67.1bNT$8.6b22.1x23.4x3x
Thu, 04 Feb 2021NT$166.1bNT$63.7bNT$7.6b18.8x21.7x2.6x
Sun, 08 Nov 2020NT$173.7bNT$59.2bNT$6.5b19.2x26.7x2.9x
Sat, 01 Aug 2020NT$179.4bNT$56.1bNT$5.3b23.8x34x3.2x
Tue, 05 May 2020NT$148.7bNT$55.9bNT$4.9b22.1x30.6x2.7x
Price to Earnings Ratio

25.5x


Total Market Cap: NT$123.7bTotal Earnings: NT$4.9bTotal Revenue: NT$55.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 24.3x202120222023
Current Industry PE
  • Investors are pessimistic on the Taiwanese 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 20.3x which is lower than its 3-year average PE of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 6.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

TW Market3.01%
Healthcare3.04%
Medical Equipment1.80%
Medical Supplies2.07%
Medical Equipment1.46%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 21.1x.
    • Analysts are expecting annual earnings growth of 12.5%, which is lower than the prior year's growth of 19.0% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 39.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 19% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings decline by 46% 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
6782 Visco VisionNT$278.006.5%
+NT$930.4m		30.5%PE24.6x
6491 PegavisionNT$420.001.9%
+NT$560.0m		-13.4%PE19.1x
4771 VizionfocusNT$167.506.0%
+NT$494.1m		36.2%PE42.1x
4129 United OrthopedicNT$54.707.3%
+NT$289.0m		83.9%PE24.7x
4171 GeneReach BiotechnologyNT$60.708.6%
+NT$220.6m		-25.7%PE8.3x
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Latest News

1786

NT$64.70

SciVision Biotech

7D

-6.2%

1Y

56.1%

6612

NT$128.00

ICARES Medicus

7D

-3.0%

1Y

35.2%

4737

NT$76.90

Bionime

7D

-0.5%

1Y

11.4%

6747

NT$253.00

Brighten Optix

7D

3.3%

1Y

9.5%

6762

NT$252.00

Delta Asia International

7D

-1.2%

1Y

14.8%

6782

NT$278.00

Visco Vision

7D

6.5%

1Y

30.5%

6527

NT$77.70

Crystalvue Medical

7D

9.4%

1Y

62.9%

6491

NT$420.00

Pegavision

7D

1.9%

1Y

-13.4%

4171

NT$60.70

GeneReach Biotechnology

7D

8.6%

1Y

-25.7%

4129

NT$54.70

United Orthopedic

7D

7.3%

1Y

83.9%

6572

NT$18.30

PlexBio

7D

-2.1%

1Y

11.2%

4150

NT$13.20

Unicon Optical

7D

-2.9%

1Y

20.5%

4116

NT$63.00

BenQ Medical Technology

7D

7.5%

1Y

95.0%

4771

NT$167.50

Vizionfocus

7D

6.0%

1Y

36.2%

6734

NT$11.75

iXensor

7D

-2.9%

1Y

-2.5%

6847

NT$137.00

Puriblood Medical

7D

-6.2%

1Y

-2.5%