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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedJan 17, 2025
DataAggregated Company Financials
Companies60
  • 7D-1.7%
  • 3M-11.0%
  • 1Y-5.8%
  • YTD-2.6%

Over the last 7 days, the Medical Equipment industry has dropped 1.7%, driven by pullbacks in Visco Vision and Horien Biochemical Technology of 4.5% and 25%, respectively. On the other hand SciVision Biotech is actually up 5.3%. Overall the industry is down 5.8% in 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jan 2025NT$231.2bNT$66.7bNT$6.0b18.5x38.3x3.5x
Sun, 15 Dec 2024NT$235.9bNT$66.5bNT$6.0b18.9x39.1x3.5x
Tue, 12 Nov 2024NT$217.4bNT$65.3bNT$6.8b20.7x32.2x3.3x
Thu, 10 Oct 2024NT$232.3bNT$64.7bNT$6.6b21.5x35.4x3.6x
Sat, 07 Sep 2024NT$236.0bNT$64.7bNT$6.6b21.4x35.9x3.6x
Mon, 05 Aug 2024NT$238.9bNT$63.8bNT$6.0b21.2x39.8x3.7x
Wed, 03 Jul 2024NT$256.3bNT$63.5bNT$5.8b22.5x44.5x4x
Fri, 31 May 2024NT$226.7bNT$63.5bNT$5.8b21.5x39.3x3.6x
Sun, 28 Apr 2024NT$231.1bNT$63.1bNT$5.3b25.3x43.9x3.7x
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
Price to Earnings Ratio

23.7x


Total Market Cap: NT$208.2bTotal Earnings: NT$8.8bTotal Revenue: NT$70.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 28.8x202320242025
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 38.3x which is higher than its 3-year average PE of 28.8x.
  • The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 12% 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 Market-0.29%
Healthcare-0.62%
Medical Equipment-1.73%
Medical Equipment-1.47%
Medical Supplies-2.00%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 118x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 22.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 12% 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
1786 SciVision BiotechNT$120.506.6%
+NT$538.4m		60.5%PE40x
6491 PegavisionNT$372.001.4%
+NT$390.0m		-0.4%PE14.5x
6598 Applied BioCodeNT$23.3013.7%
+NT$287.8m		1.7%PS6.2x
7799 Heron Neutron MedicalNT$202.001.0%
+NT$278.7m		n/aPS118276.1x
6918 Aplus BiotechnologyNT$89.003.7%
+NT$97.5m		100.2%n/a
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Latest News

6598

NT$23.30

Applied BioCode

7D

13.7%

1Y

1.7%

4150

NT$11.55

Unicon Optical

7D

-11.2%

1Y

-22.7%

1786

NT$120.50

SciVision Biotech

7D

6.6%

1Y

60.5%

SciVision Biotech Inc.'s (TWSE:1786) 25% Share Price Surge Not Quite Adding Up

Jan 13
SciVision Biotech Inc.'s (TWSE:1786) 25% Share Price Surge Not Quite Adding Up

7790

NT$74.30

Spirit Scientific

7D

3.2%

1Y

n/a

4771

NT$160.00

Vizionfocus

7D

-4.2%

1Y

-37.7%

4736

NT$140.00

TaiDoc Technology

7D

-2.1%

1Y

-13.3%

6649

NT$35.60

Taiwan Biomaterial

7D

4.9%

1Y

20.5%

6612

NT$118.00

ICARES Medicus

7D

1.7%

1Y

15.9%

4737

NT$57.60

Bionime

7D

-5.6%

1Y

-17.1%

1565

NT$190.50

St.Shine OpticalLtd

7D

-2.1%

1Y

1.3%

6782

NT$158.00

Visco Vision

7D

-5.7%

1Y

-33.9%

6491

NT$372.00

Pegavision

7D

1.4%

1Y

-0.4%

Impressive Earnings May Not Tell The Whole Story For Pegavision (TWSE:6491)

Nov 06
Impressive Earnings May Not Tell The Whole Story For Pegavision (TWSE:6491)

1799

NT$58.60

Easywell Biomedicals

7D

-10.4%

1Y

47.4%

6918

NT$89.00

Aplus Biotechnology

7D

3.7%

1Y

100.2%