SomnoMed Limited (ASX:SOM) Shares Fly 30% But Investors Aren't Buying For Growth
May 31
Australian (ASX) Medical Equipment Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies26
- 7D0.4%
- 3M-4.1%
- 1Y25.6%
- YTDn/a
In the last week, the Medical Equipment industry is flat overall, with ImpediMed standing out by going down 6.2%. As for the the longer term, the industry is up 23% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Australian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | AU$23.0b | AU$2.5b | AU$35.1m | 34.5x | 656.7x | 9.3x |
| Mon, 29 Apr 2024 | AU$23.0b | AU$2.5b | AU$33.6m | 36x | 682.7x | 9.3x |
| Wed, 27 Mar 2024 | AU$23.9b | AU$2.5b | AU$33.8m | 41x | 706.8x | 9.6x |
| Fri, 23 Feb 2024 | AU$24.0b | AU$2.4b | AU$107.2m | 46.7x | 223.7x | 9.8x |
| Sun, 21 Jan 2024 | AU$21.3b | AU$2.2b | AU$31.4m | 44.7x | 678.6x | 9.5x |
| Tue, 19 Dec 2023 | AU$21.1b | AU$2.2b | AU$32.2m | 44.8x | 655x | 9.5x |
| Thu, 16 Nov 2023 | AU$18.6b | AU$2.2b | AU$30.8m | 40x | 603.6x | 8.3x |
| Sat, 14 Oct 2023 | AU$18.6b | AU$2.2b | AU$26.4m | 40.2x | 704.2x | 8.3x |
| Mon, 11 Sep 2023 | AU$19.6b | AU$2.2b | AU$27.0m | 40.3x | 724.2x | 8.8x |
| Wed, 09 Aug 2023 | AU$17.4b | AU$2.0b | -AU$58,787,727.00 | 40.6x | -296x | 8.7x |
| Fri, 07 Jul 2023 | AU$16.7b | AU$2.0b | -AU$63,374,320.00 | 39.4x | -262.8x | 8.3x |
| Sun, 04 Jun 2023 | AU$18.0b | AU$2.0b | -AU$63,479,437.00 | 40.1x | -283.7x | 9x |
| Tue, 02 May 2023 | AU$18.1b | AU$2.0b | -AU$63,905,854.00 | 39.9x | -282.8x | 9x |
| Thu, 30 Mar 2023 | AU$16.7b | AU$2.0b | -AU$63,866,288.00 | 37.1x | -261.9x | 8.3x |
| Sat, 25 Feb 2023 | AU$16.5b | AU$2.0b | -AU$47,766,907.00 | 22.8x | -345.4x | 8.3x |
| Mon, 23 Jan 2023 | AU$15.7b | AU$1.9b | -AU$13,756,277.00 | 27.4x | -1140.4x | 8.1x |
| Wed, 21 Dec 2022 | AU$14.7b | AU$1.9b | -AU$17,890,569.00 | 24.8x | -822.7x | 7.6x |
| Fri, 18 Nov 2022 | AU$15.2b | AU$1.9b | -AU$16,903,374.00 | 30.1x | -899.2x | 7.9x |
| Sun, 16 Oct 2022 | AU$14.6b | AU$1.9b | -AU$22,928,491.00 | 28.8x | -636.5x | 7.6x |
| Tue, 13 Sep 2022 | AU$16.0b | AU$1.9b | -AU$12,974,814.00 | 35.3x | -1229.5x | 8.3x |
| Thu, 11 Aug 2022 | AU$16.1b | AU$1.8b | -AU$1,561,185.00 | 31.6x | -10341.6x | 8.8x |
| Sat, 09 Jul 2022 | AU$15.0b | AU$1.8b | -AU$3,558,763.00 | 29.6x | -4226.1x | 8.2x |
| Mon, 06 Jun 2022 | AU$16.2b | AU$1.8b | AU$1.9m | 31x | 8613.3x | 8.8x |
| Wed, 04 May 2022 | AU$16.6b | AU$1.8b | AU$23.5m | 32.5x | 707.3x | 9.1x |
| Fri, 01 Apr 2022 | AU$16.8b | AU$1.8b | AU$32.8m | 33x | 512x | 9.2x |
| Sun, 27 Feb 2022 | AU$16.1b | AU$1.9b | AU$93.4m | 54.7x | 172.2x | 8.7x |
| Tue, 25 Jan 2022 | AU$14.9b | AU$1.8b | AU$175.6m | 38.9x | 84.7x | 8.4x |
| Thu, 23 Dec 2021 | AU$16.4b | AU$1.8b | AU$175.1m | 43.5x | 93.5x | 9.2x |
| Sat, 20 Nov 2021 | AU$17.6b | AU$1.8b | AU$176.0m | 46.4x | 99.8x | 9.9x |
| Mon, 18 Oct 2021 | AU$16.6b | AU$1.8b | AU$179.7m | 43.7x | 92.6x | 9.4x |
| Wed, 15 Sep 2021 | AU$17.7b | AU$1.8b | AU$180.1m | 47.3x | 98.2x | 10x |
| Fri, 13 Aug 2021 | AU$18.7b | AU$1.8b | AU$180.1m | 50.4x | 104.1x | 10.6x |
| Tue, 08 Jun 2021 | AU$17.5b | AU$1.7b | -AU$54,905,250.64 | 55.8x | -318x | 10.4x |
Price to Earnings Ratio
-318x
Current Industry PE
- Investors are optimistic on the Australian Healthcare Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 653x which is higher than its 3-year average PE of -295x.
- The industry is trading close to its 3-year average PS ratio of 8.9x.
Past Earnings Growth
- Total earnings for the Healthcare Equipment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Australian Medical Equipment compare with similar industries?
| AU Market | -0.34% | |
| Healthcare | 0.40% | |
| Medical Equipment | 0.24% | |
| Medical Equipment | 0.35% | |
| Medical Supplies | -0.18% | |
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 | |
|---|---|---|---|---|---|
| COH Cochlear | AU$322.56 | 0.5% +AU$99.6m | 31.7% | PE60.3x | |
| EBR EBR Systems | AU$1.10 | 7.3% +AU$23.1m | -6.0% | PB7.3x | |
| OIL Optiscan Imaging | AU$0.12 | 15.0% +AU$12.5m | 33.7% | PS41x | |
| COV Cleo Diagnostics | AU$0.25 | 47.1% +AU$10.3m | n/a | n/a | |
| IMR Imricor Medical Systems | AU$0.48 | 9.0% +AU$8.1m | 51.6% | PS106.4x |
