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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedDec 17, 2024
DataAggregated Company Financials
Companies58
  • 7D-3.1%
  • 3M-15.0%
  • 1Y-5.7%
  • YTD-5.7%

Over the last 7 days, the Medical Equipment industry has dropped 3.2%, driven by Heron Neutron Medical declining 5.0%. Meanwhile, MEM Dental Technology actually outperformed within the industry, gaining 17% in the last week. Overall the industry is down 4.9% in 12 months. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Dec 2024NT$231.9bNT$55.0bNT$5.1b18.8x45.7x4.2x
Thu, 14 Nov 2024NT$214.3bNT$65.4bNT$6.7b20.2x32x3.3x
Sat, 12 Oct 2024NT$228.3bNT$64.7bNT$6.6b21.2x34.8x3.5x
Mon, 09 Sep 2024NT$236.0bNT$64.7bNT$6.6b21.4x35.9x3.6x
Wed, 07 Aug 2024NT$225.1bNT$63.8bNT$6.0b19.4x37.5x3.5x
Fri, 05 Jul 2024NT$249.0bNT$63.5bNT$5.8b21.8x43.2x3.9x
Sun, 02 Jun 2024NT$230.4bNT$63.5bNT$5.8b21.8x40x3.6x
Tue, 30 Apr 2024NT$232.8bNT$63.1bNT$5.3b25.1x44.1x3.7x
Thu, 28 Mar 2024NT$227.7bNT$63.7bNT$5.6b23.1x40.8x3.6x
Sat, 24 Feb 2024NT$216.9bNT$62.5bNT$5.6b26.5x38.6x3.5x
Mon, 22 Jan 2024NT$207.4bNT$62.2bNT$5.5b27.2x37.9x3.3x
Wed, 20 Dec 2023NT$203.7bNT$62.2bNT$5.5b25.8x37.3x3.3x
Fri, 17 Nov 2023NT$194.7bNT$62.5bNT$5.6b26.9x34.5x3.1x
Sun, 15 Oct 2023NT$191.4bNT$64.3bNT$6.6b24.8x29x3x
Tue, 12 Sep 2023NT$189.0bNT$64.2bNT$6.6b25.2x28.7x2.9x
Thu, 10 Aug 2023NT$196.2bNT$66.9bNT$8.0b27x24.4x2.9x
Sat, 08 Jul 2023NT$208.5bNT$67.6bNT$9.2b26.4x22.7x3.1x
Mon, 05 Jun 2023NT$201.5bNT$67.6bNT$9.3b24.2x21.7x3x
Wed, 03 May 2023NT$207.0bNT$68.1bNT$10.0b22.4x20.6x3x
Fri, 31 Mar 2023NT$201.4bNT$67.6bNT$9.9b19.7x20.3x3x
Sun, 26 Feb 2023NT$210.2bNT$67.1bNT$10.2b20.7x20.5x3.1x
Tue, 24 Jan 2023NT$192.9bNT$66.9bNT$10.2b19x18.9x2.9x
Thu, 22 Dec 2022NT$187.4bNT$66.9bNT$10.2b18.9x18.4x2.8x
Sat, 19 Nov 2022NT$168.9bNT$66.9bNT$10.2b17x16.6x2.5x
Mon, 17 Oct 2022NT$162.9bNT$65.1bNT$9.3b17.4x17.4x2.5x
Wed, 14 Sep 2022NT$190.0bNT$65.1bNT$9.3b20x20.4x2.9x
Fri, 12 Aug 2022NT$182.5bNT$61.7bNT$7.8b19.6x23.3x3x
Sun, 10 Jul 2022NT$175.7bNT$61.2bNT$7.7b19.2x22.8x2.9x
Tue, 07 Jun 2022NT$206.8bNT$70.1bNT$8.6b21.3x23.9x2.9x
Thu, 05 May 2022NT$211.6bNT$70.3bNT$8.4b21.1x25.1x3x
Sat, 02 Apr 2022NT$211.9bNT$69.3bNT$8.4b23.5x25.1x3.1x
Mon, 28 Feb 2022NT$205.7bNT$70.8bNT$8.9b24.6x23.2x2.9x
Wed, 26 Jan 2022NT$206.4bNT$70.7bNT$8.8b24.9x23.5x2.9x
Fri, 24 Dec 2021NT$212.5bNT$70.7bNT$8.8b25x24.2x3x
Price to Earnings Ratio

24.2x


Total Market Cap: NT$212.5bTotal Earnings: NT$8.8bTotal Revenue: NT$70.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 28.4x202220232024
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 39.1x which is higher than its 3-year average PE of 28.4x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.5x.
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-1.30%
Healthcare-4.62%
Medical Equipment-3.15%
Medical Supplies-2.43%
Medical Equipment-3.81%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 91.9x.
    • 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 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 14% 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 14% 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
7555 MEM Dental TechnologyNT$65.0016.9%
+NT$221.9m		29.8%n/a
6934 HCmed InnovationsNT$84.003.7%
+NT$90.1m		n/an/a
4163 INTAI TechnologyNT$115.001.3%
+NT$74.6m		-8.7%n/a
6543 Perfect Medical IndustryNT$28.604.2%
+NT$60.6m		56.7%PE21.4x
1733 Apex BiotechnologyNT$28.502.0%
+NT$55.0m		-14.9%PE27.2x
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Latest News

4163

NT$115.00

INTAI Technology

7D

1.3%

1Y

-8.7%

4736

NT$145.50

TaiDoc Technology

7D

-2.3%

1Y

-10.5%

1733

NT$28.50

Apex Biotechnology

7D

2.0%

1Y

-14.9%

Some May Be Optimistic About Apex Biotechnology's (TWSE:1733) Earnings

Nov 21
Some May Be Optimistic About Apex Biotechnology's (TWSE:1733) Earnings

6499

NT$40.30

Medeon Biodesign

7D

-5.8%

1Y

-14.0%

6612

NT$116.00

ICARES Medicus

7D

-3.7%

1Y

1.3%

4129

NT$93.30

United Orthopedic

7D

-2.3%

1Y

10.3%

1565

NT$198.50

St.Shine OpticalLtd

7D

-4.6%

1Y

3.4%

6782

NT$183.50

Visco Vision

7D

-3.4%

1Y

3.1%

6543

NT$28.60

Perfect Medical Industry

7D

4.2%

1Y

56.7%

1799

NT$54.50

Easywell Biomedicals

7D

-12.1%

1Y

38.0%

7725

NT$27.65

LabTurbo Biotech

7D

0.5%

1Y

n/a

6572

NT$11.75

PlexBio

7D

2.6%

1Y

-18.4%

7555

NT$65.00

MEM Dental Technology

7D

16.9%

1Y

29.8%