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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedJun 18, 2024
DataAggregated Company Financials
Companies57
  • 7D1.6%
  • 3M5.3%
  • 1Y12.7%
  • YTD12.1%

The Medical Equipment is pretty flat in the last 7 days, but Easywell Biomedicals has stood out, gaining 10%. As for the the longer term, the industry is up 10% over the past 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Jun 2024NT$241.6bNT$63.5bNT$5.8b21.7x42x3.8x
Thu, 16 May 2024NT$229.1bNT$63.3bNT$5.5b25.2x41.3x3.6x
Sat, 13 Apr 2024NT$231.1bNT$63.2bNT$5.3b25.8x43.5x3.7x
Mon, 11 Mar 2024NT$220.0bNT$63.8bNT$5.6b27.6x39.6x3.4x
Wed, 07 Feb 2024NT$213.1bNT$62.5bNT$5.6b26.6x37.9x3.4x
Fri, 05 Jan 2024NT$208.4bNT$62.2bNT$5.5b26.6x38.1x3.3x
Sun, 03 Dec 2023NT$204.7bNT$62.4bNT$5.5b26.6x37.2x3.3x
Tue, 31 Oct 2023NT$190.1bNT$64.1bNT$6.6b25.8x28.8x3x
Thu, 28 Sep 2023NT$192.9bNT$64.2bNT$6.6b25.6x29.3x3x
Sat, 26 Aug 2023NT$189.3bNT$64.2bNT$6.6b25.7x28.6x2.9x
Mon, 24 Jul 2023NT$205.2bNT$68.1bNT$9.1b24x22.4x3x
Wed, 21 Jun 2023NT$200.3bNT$67.6bNT$9.2b24.1x21.8x3x
Fri, 19 May 2023NT$197.0bNT$67.9bNT$9.9b22x19.9x2.9x
Sun, 16 Apr 2023NT$208.1bNT$68.1bNT$10.0b23.3x20.9x3.1x
Tue, 14 Mar 2023NT$201.2bNT$67.3bNT$10.2b19.9x19.6x3x
Thu, 09 Feb 2023NT$203.6bNT$66.9bNT$10.2b20.6x20x3x
Sat, 07 Jan 2023NT$186.8bNT$66.9bNT$10.2b18.5x18.3x2.8x
Mon, 05 Dec 2022NT$181.6bNT$66.9bNT$10.2b17x17.8x2.7x
Wed, 02 Nov 2022NT$158.0bNT$65.5bNT$9.4b16.8x16.8x2.4x
Fri, 30 Sep 2022NT$169.5bNT$65.1bNT$9.3b18.6x18.1x2.6x
Sun, 28 Aug 2022NT$193.1bNT$65.1bNT$9.4b19.5x20.6x3x
Tue, 26 Jul 2022NT$183.8bNT$61.4bNT$7.7b20.4x23.7x3x
Thu, 23 Jun 2022NT$174.4bNT$61.2bNT$7.7b20.3x22.7x2.8x
Sat, 21 May 2022NT$202.4bNT$69.5bNT$8.4b20.7x24x2.9x
Mon, 18 Apr 2022NT$220.0bNT$69.5bNT$8.1b23.5x27x3.2x
Wed, 16 Mar 2022NT$202.3bNT$71.2bNT$9.1b23.5x22.3x2.8x
Fri, 11 Feb 2022NT$211.4bNT$70.7bNT$8.8b25.9x24.1x3x
Sun, 09 Jan 2022NT$216.4bNT$70.7bNT$8.8b27x24.7x3.1x
Tue, 07 Dec 2021NT$209.6bNT$70.7bNT$8.8b25.7x23.9x3x
Thu, 04 Nov 2021NT$201.5bNT$70.8bNT$9.3b23.3x21.7x2.8x
Sat, 02 Oct 2021NT$192.6bNT$69.1bNT$8.9b22.8x21.6x2.8x
Mon, 30 Aug 2021NT$204.5bNT$69.1bNT$8.9b23.2x23x3x
Tue, 06 Jul 2021NT$222.1bNT$69.1bNT$8.9b25.2x25x3.2x
Price to Earnings Ratio

25x


Total Market Cap: NT$222.1bTotal Earnings: NT$8.9bTotal Revenue: NT$69.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 26x202220232024
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 41.2x which is higher than its 3-year average PE of 25.9x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.7x.
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 2.8% 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 Market2.86%
Healthcare1.32%
Medical Equipment1.57%
Medical Equipment3.22%
Medical Supplies0.40%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 53.5x.
    • Analysts are expecting annual earnings growth of 3.5%, which is higher than its past year's earnings decline of 22.0% per year.
  • 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 22.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 22% 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 3.5% 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
4736 TaiDoc TechnologyNT$173.005.8%
+NT$906.1m		-7.0%PE16.1x
6491 PegavisionNT$491.502.4%
+NT$897.0m		41.2%PE21x
1786 SciVision BiotechNT$127.0011.4%
+NT$887.8m		61.6%PE44.1x
4771 VizionfocusNT$306.004.4%
+NT$747.7m		60.6%PE26.9x
6762 Delta Asia InternationalNT$299.009.3%
+NT$660.2m		26.2%PE165.5x
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1Y

30.8%

1786

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SciVision Biotech

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11.4%

1Y

61.6%

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6499

NT$47.00

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12.2%

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-13.6%

6491

NT$491.50

Pegavision

7D

2.4%

1Y

41.2%

4771

NT$306.00

Vizionfocus

7D

4.4%

1Y

60.6%

6762

NT$299.00

Delta Asia International

7D

9.3%

1Y

26.2%

4121

NT$22.40

Rossmax International

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-2.4%

1Y

-15.8%

4736

NT$173.00

TaiDoc Technology

7D

5.8%

1Y

-7.0%

Some Investors May Be Willing To Look Past TaiDoc Technology's (TWSE:4736) Soft Earnings

May 22
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6767

NT$35.20

Wiltrom

7D

-2.8%

1Y

-27.3%

6796

NT$84.10

Medimaging Integrated Solution

7D

-1.6%

1Y

-13.5%

4155

NT$25.95

OK Biotech

7D

-1.7%

1Y

-20.6%

6598

NT$25.30

Applied BioCode

7D

23.4%

1Y

-6.8%

1565

NT$188.50

St.Shine OpticalLtd

7D

-0.5%

1Y

-18.9%

1733

NT$33.25

Apex Biotechnology

7D

-1.5%

1Y

21.8%

7726

NT$55.50

Carilex Medical

7D

-2.8%

1Y

n/a