Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Jun 07
U.S. Medical Supplies Industry Analysis
UpdatedJun 08, 2023
DataAggregated Company Financials
Companies44
- 7D3.0%
- 3M5.0%
- 1Y6.5%
- YTD21.9%
The Medical Supplies industry is up 3.7% in the last week, with Align Technology up 6.7%. In the same time, Cooper Companies was down 5.6%. In the last 12 months, the industry was up 6.2%. As for the next few years, earnings are expected to grow by 40% per annum.
Industry Valuation and Performance
Has the U.S. Medical Supplies Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Jun 2023 | US$92.7b | US$25.6b | -US$571,793,124.00 | 36.8x | -162.1x | 3.6x |
| Sat, 06 May 2023 | US$95.0b | US$25.4b | -US$557,892,997.00 | 39.3x | -170.3x | 3.7x |
| Mon, 03 Apr 2023 | US$95.7b | US$25.5b | -US$390,159,738.00 | 46.1x | -245.2x | 3.8x |
| Wed, 01 Mar 2023 | US$91.6b | US$25.3b | -US$432,872,130.00 | 43x | -211.6x | 3.6x |
| Fri, 27 Jan 2023 | US$88.8b | US$25.1b | -US$38,362,409.00 | 37.7x | -2314.9x | 3.5x |
| Sun, 25 Dec 2022 | US$77.0b | US$25.0b | US$24.3m | 34.3x | 3165.3x | 3.1x |
| Tue, 22 Nov 2022 | US$75.6b | US$24.9b | US$154.0m | 32.2x | 490.7x | 3x |
| Thu, 20 Oct 2022 | US$74.6b | US$24.8b | US$1.2b | 32.3x | 60.5x | 3x |
| Sat, 17 Sep 2022 | US$85.6b | US$24.8b | US$1.2b | 33.2x | 68.7x | 3.5x |
| Mon, 15 Aug 2022 | US$94.6b | US$24.7b | US$1.8b | 35.5x | 52.3x | 3.8x |
| Wed, 13 Jul 2022 | US$82.5b | US$24.1b | US$1.9b | 32.6x | 42.8x | 3.4x |
| Fri, 10 Jun 2022 | US$87.4b | US$24.1b | US$1.9b | 29.3x | 45.4x | 3.6x |
| Sun, 08 May 2022 | US$96.8b | US$27.2b | US$3.4b | 31.3x | 28.2x | 3.6x |
| Tue, 05 Apr 2022 | US$115.0b | US$22.5b | US$3.0b | 28.6x | 38.5x | 5.1x |
| Thu, 03 Mar 2022 | US$116.1b | US$20.9b | US$4.5b | 33.6x | 25.8x | 5.6x |
| Sat, 29 Jan 2022 | US$106.8b | US$20.6b | US$4.7b | 34x | 22.9x | 5.2x |
| Mon, 27 Dec 2021 | US$132.6b | US$20.6b | US$4.7b | 36.8x | 28.5x | 6.4x |
| Wed, 24 Nov 2021 | US$133.6b | US$20.5b | US$4.6b | 42.7x | 28.9x | 6.5x |
| Fri, 22 Oct 2021 | US$165.7b | US$22.3b | US$5.2b | 52x | 31.7x | 7.4x |
| Sun, 19 Sep 2021 | US$182.2b | US$22.3b | US$5.2b | 52.4x | 34.9x | 8.2x |
| Tue, 17 Aug 2021 | US$174.2b | US$22.3b | US$5.2b | 43.5x | 33.4x | 7.8x |
| Tue, 01 Jun 2021 | US$159.0b | US$20.9b | US$4.0b | 41.9x | 39.3x | 7.6x |
| Fri, 05 Mar 2021 | US$146.8b | US$19.4b | US$4.8b | 35.6x | 30.8x | 7.6x |
| Mon, 07 Dec 2020 | US$130.5b | US$18.0b | US$2.0b | 54x | 63.9x | 7.2x |
| Thu, 10 Sep 2020 | US$108.1b | US$17.4b | US$1.8b | 47.6x | 59.4x | 6.2x |
Price to Earnings Ratio
53.8x
Current Industry PE
- Investors are pessimistic on the American Health Care Supplies industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.5x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- Total earnings for the Health Care Supplies industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 13% 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 Supplies compare with similar industries?
| US Market | 2.58% | |
| Healthcare | 1.69% | |
| Medical Equipment | 0.91% | |
| Medical Supplies | 2.97% | |
| Medical Equipment | 0.74% | |
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 | |
|---|---|---|---|---|---|
| ALGN Align Technology | US$301.73 | 6.7% +US$1.5b | 10.5% | PE73.3x | |
| XRAY DENTSPLY SIRONA | US$39.39 | 9.1% +US$694.8m | -1.5% | PS2.1x | |
| ICUI ICU Medical | US$191.89 | 9.7% +US$409.1m | 9.3% | PS2x | |
| NEOG Neogen | US$19.37 | 10.7% +US$406.5m | -24.7% | PS5.8x | |
| BLCO Bausch + Lomb | US$18.33 | 2.6% +US$164.6m | 23.2% | PS1.7x |
