These 4 Measures Indicate That Medtronic (NYSE:MDT) Is Using Debt Reasonably Well
May 22
U.S. Medical Equipment Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies237
- 7D1.1%
- 3M-1.3%
- 1Y4.2%
- YTD5.3%
The Medical Equipment industry is up 1.1% in the last week, with Intuitive Surgical up 4.7%. This means that the industry has gained 4.2% over the past year. Looking forward, earnings are forecast to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | US$1.3t | US$277.1b | US$23.0b | 37.5x | 55.3x | 4.6x |
| Sat, 20 Apr 2024 | US$1.2t | US$274.3b | US$23.8b | 35.9x | 51.3x | 4.5x |
| Mon, 18 Mar 2024 | US$1.3t | US$265.9b | US$22.6b | 39.6x | 56.1x | 4.8x |
| Wed, 14 Feb 2024 | US$1.2t | US$264.7b | US$22.4b | 35.1x | 55.4x | 4.7x |
| Fri, 12 Jan 2024 | US$1.2t | US$267.4b | US$20.2b | 38.1x | 61.8x | 4.7x |
| Sun, 10 Dec 2023 | US$1.1t | US$267.4b | US$20.2b | 36x | 56.6x | 4.3x |
| Tue, 07 Nov 2023 | US$1.1t | US$266.2b | US$19.3b | 34.9x | 55.8x | 4x |
| Thu, 05 Oct 2023 | US$1.1t | US$263.8b | US$15.1b | 34.6x | 73.3x | 4.2x |
| Sat, 02 Sep 2023 | US$1.2t | US$263.8b | US$15.0b | 34.2x | 79.6x | 4.5x |
| Mon, 31 Jul 2023 | US$1.3t | US$261.2b | US$15.3b | 38x | 84x | 4.9x |
| Wed, 28 Jun 2023 | US$1.3t | US$261.2b | US$16.2b | 36.6x | 78.3x | 4.8x |
| Fri, 26 May 2023 | US$1.2t | US$260.9b | US$16.7b | 35.9x | 72.9x | 4.7x |
| Sun, 23 Apr 2023 | US$1.3t | US$258.2b | US$17.4b | 37.9x | 73.2x | 4.9x |
| Tue, 21 Mar 2023 | US$1.2t | US$260.2b | US$18.6b | 37.5x | 61.8x | 4.4x |
| Thu, 16 Feb 2023 | US$1.2t | US$261.4b | US$19.4b | 37.1x | 61.5x | 4.6x |
| Sat, 14 Jan 2023 | US$1.2t | US$262.5b | US$20.8b | 34x | 56.9x | 4.5x |
| Mon, 12 Dec 2022 | US$1.1t | US$244.4b | US$19.0b | 32.4x | 58.8x | 4.6x |
| Wed, 09 Nov 2022 | US$1.0t | US$245.4b | US$22.3b | 32.2x | 46.8x | 4.3x |
| Fri, 07 Oct 2022 | US$1.1t | US$244.4b | US$26.5b | 33.1x | 39.6x | 4.3x |
| Sun, 04 Sep 2022 | US$1.1t | US$244.6b | US$26.3b | 33.5x | 40.7x | 4.4x |
| Tue, 02 Aug 2022 | US$1.1t | US$243.6b | US$26.5b | 36.1x | 42.4x | 4.6x |
| Thu, 30 Jun 2022 | US$1.1t | US$243.5b | US$26.2b | 33.6x | 41.1x | 4.4x |
| Sat, 28 May 2022 | US$1.2t | US$243.4b | US$26.2b | 36.3x | 44.5x | 4.8x |
| Mon, 25 Apr 2022 | US$1.3t | US$235.5b | US$26.5b | 36.4x | 47.3x | 5.3x |
| Wed, 23 Mar 2022 | US$1.3t | US$232.3b | US$25.9b | 45x | 51.3x | 5.7x |
| Fri, 18 Feb 2022 | US$1.3t | US$229.2b | US$27.8b | 42.9x | 45.7x | 5.5x |
| Sun, 16 Jan 2022 | US$1.3t | US$226.8b | US$29.1b | 47.8x | 46.3x | 5.9x |
| Tue, 14 Dec 2021 | US$1.4t | US$226.8b | US$29.1b | 47.3x | 48.4x | 6.2x |
| Thu, 11 Nov 2021 | US$1.5t | US$225.6b | US$28.6b | 50.2x | 51.6x | 6.5x |
| Sat, 09 Oct 2021 | US$1.7t | US$248.9b | US$33.1b | 47.3x | 50.1x | 6.7x |
| Mon, 06 Sep 2021 | US$1.8t | US$248.3b | US$32.9b | 50.1x | 54.2x | 7.2x |
| Wed, 04 Aug 2021 | US$1.7t | US$248.2b | US$33.1b | 48.8x | 51.1x | 6.8x |
Price to Earnings Ratio
57.3x
Current Industry PE
- Investors are relatively neutral on the American Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 56.1x.
- The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 5.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.3% 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 Trends
Which industries have driven the changes within the U.S. Healthcare industry?
| US Market | 1.25% | |
| Healthcare | 1.13% | |
| Medical Equipment | 1.09% | |
| Medical Equipment | 1.35% | |
| Medical Supplies | -1.95% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 54.4x.
- Analysts are expecting annual earnings growth of 15.9%, which is higher than its past year's earnings growth of 6.3% 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 33.4x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 2.1% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MDT Medtronic | US$85.76 | 1.2% +US$1.4b | -2.0% | PE27.1x | |
| BSX Boston Scientific | US$75.37 | 1.2% +US$1.4b | 45.1% | PE62.8x | |
| SYK Stryker | US$335.42 | 1.0% +US$1.3b | 23.1% | PE38x | |
| MASI Masimo | US$126.60 | 9.0% +US$554.7m | -20.1% | PE85x | |
| ISRG Intuitive Surgical | US$400.90 | 0.4% +US$535.6m | 32.5% | PE71.5x |
