We Think Insulet (NASDAQ:PODD) Is Taking Some Risk With Its Debt
Oct 01
U.S. Medical Equipment Industry Analysis
UpdatedOct 02, 2023
DataAggregated Company Financials
Companies238
- 7D-0.7%
- 3M-12.8%
- 1Y6.1%
- YTD-4.2%
The Medical Equipment is pretty flat in the last 7 days, but DexCom has stood out, gaining 8.4%. As for the the longer term, the industry is up 6.1% over the past 12 months. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the U.S. Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | US$1.0t | US$238.0b | US$15.7b | 34.5x | 65.6x | 4.3x |
| Thu, 31 Aug 2023 | US$1.1t | US$238.0b | US$15.7b | 36.9x | 70.8x | 4.7x |
| Sat, 29 Jul 2023 | US$1.2t | US$235.9b | US$15.9b | 38.1x | 74.3x | 5x |
| Mon, 26 Jun 2023 | US$1.2t | US$235.6b | US$16.7b | 36.7x | 70.1x | 5x |
| Wed, 24 May 2023 | US$1.1t | US$235.4b | US$17.2b | 36.2x | 66x | 4.8x |
| Fri, 21 Apr 2023 | US$1.2t | US$232.8b | US$17.7b | 34.4x | 65.5x | 5x |
| Sun, 19 Mar 2023 | US$1.0t | US$234.7b | US$19.1b | 37.1x | 55x | 4.5x |
| Tue, 14 Feb 2023 | US$1.1t | US$236.3b | US$19.6b | 31.5x | 56x | 4.6x |
| Thu, 12 Jan 2023 | US$1.1t | US$237.3b | US$20.9b | 33x | 52.3x | 4.6x |
| Sat, 10 Dec 2022 | US$1.0t | US$219.4b | US$18.9b | 29.8x | 54.9x | 4.7x |
| Mon, 07 Nov 2022 | US$970.4b | US$220.6b | US$21.0b | 30.1x | 46.2x | 4.4x |
| Wed, 05 Oct 2022 | US$982.5b | US$219.6b | US$25.3b | 34.4x | 38.9x | 4.5x |
| Fri, 02 Sep 2022 | US$998.0b | US$219.7b | US$25.0b | 33.3x | 39.9x | 4.5x |
| Sun, 31 Jul 2022 | US$1.0t | US$219.4b | US$24.6b | 36.8x | 41.9x | 4.7x |
| Tue, 28 Jun 2022 | US$1.0t | US$219.4b | US$24.3b | 36.3x | 41.3x | 4.6x |
| Thu, 26 May 2022 | US$1.1t | US$217.2b | US$23.2b | 36.7x | 45.4x | 4.8x |
| Sat, 23 Apr 2022 | US$1.2t | US$213.0b | US$23.5b | 40.8x | 49x | 5.4x |
| Mon, 21 Mar 2022 | US$1.2t | US$211.2b | US$23.4b | 46.8x | 52.1x | 5.8x |
| Wed, 16 Feb 2022 | US$1.2t | US$208.2b | US$23.1b | 46.5x | 51.7x | 5.7x |
| Fri, 14 Jan 2022 | US$1.2t | US$206.2b | US$24.4b | 48.7x | 50.8x | 6x |
| Sun, 12 Dec 2021 | US$1.3t | US$206.2b | US$24.5b | 49x | 52.3x | 6.2x |
| Tue, 09 Nov 2021 | US$1.3t | US$205.2b | US$24.0b | 55x | 56.2x | 6.6x |
| Thu, 07 Oct 2021 | US$1.5t | US$226.1b | US$27.9b | 47.2x | 53.3x | 6.6x |
| Sat, 04 Sep 2021 | US$1.6t | US$225.9b | US$27.9b | 53.1x | 57.3x | 7.1x |
| Mon, 02 Aug 2021 | US$1.5t | US$225.9b | US$27.9b | 52.1x | 54.6x | 6.7x |
| Thu, 06 May 2021 | US$1.4t | US$210.1b | US$22.8b | 59.4x | 62.4x | 6.8x |
| Sun, 07 Feb 2021 | US$1.3t | US$197.1b | US$18.9b | 50.5x | 68.5x | 6.6x |
| Sat, 31 Oct 2020 | US$1.2t | US$190.0b | US$20.5b | 43.3x | 56.5x | 6.1x |
Price to Earnings Ratio
56x
Current Industry PE
- Investors are optimistic on the American Healthcare Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 65.6x which is higher than its 3-year average PE of 56.0x.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have declined 9.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does U.S. Medical Equipment compare with similar industries?
| US Market | -0.42% | |
| Healthcare | -0.87% | |
| Medical Equipment | -0.59% | |
| Medical Equipment | -0.70% | |
| Medical Supplies | 0.76% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DXCM DexCom | US$94.55 | 9.9% +US$3.3b | 11.3% | PE102.6x | |
| RMD ResMed | US$145.75 | 5.4% +US$1.1b | -35.0% | PE23.9x | |
| PODD Insulet | US$165.04 | 6.7% +US$724.0m | -29.2% | PE183.2x | |
| GEHC GE HealthCare Technologies | US$67.84 | 2.0% +US$618.6m | n/a | PE18.8x | |
| ISRG Intuitive Surgical | US$294.98 | 0.6% +US$607.8m | 52.6% | PE72.7x |
