Does Shanghai United Imaging Healthcare (SHSE:688271) Have A Healthy Balance Sheet?
May 25
Chinese (SSE) Medical Equipment Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies102
- 7D-2.6%
- 3M-3.0%
- 1Y-14.6%
- YTD-9.2%
Over the last 7 days, the Medical Equipment industry has dropped 3.0%, driven by Shenzhen Mindray Bio-Medical Electronics declining 1.9%. On the other hand Sinocare is actually up 12%. The industry has fallen 16% in the last year. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Chinese Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | CN¥1.2t | CN¥213.4b | CN¥36.7b | 29.5x | 34.1x | 5.9x |
| Sat, 27 Apr 2024 | CN¥1.2t | CN¥211.4b | CN¥36.6b | 30.2x | 34x | 5.9x |
| Mon, 25 Mar 2024 | CN¥1.3t | CN¥218.1b | CN¥40.5b | 29.3x | 31.3x | 5.8x |
| Wed, 21 Feb 2024 | CN¥1.3t | CN¥221.2b | CN¥41.0b | 27x | 30.8x | 5.7x |
| Fri, 19 Jan 2024 | CN¥1.3t | CN¥221.2b | CN¥39.8b | 31.8x | 31.7x | 5.7x |
| Sun, 17 Dec 2023 | CN¥1.4t | CN¥221.2b | CN¥39.8b | 34.7x | 34x | 6.1x |
| Tue, 14 Nov 2023 | CN¥1.3t | CN¥223.3b | CN¥40.9b | 34.3x | 32.7x | 6x |
| Thu, 12 Oct 2023 | CN¥1.3t | CN¥226.7b | CN¥41.9b | 31.5x | 30.8x | 5.7x |
| Sat, 09 Sep 2023 | CN¥1.2t | CN¥229.6b | CN¥43.3b | 30x | 28.5x | 5.4x |
| Mon, 07 Aug 2023 | CN¥1.3t | CN¥233.6b | CN¥45.5b | 31.6x | 29.5x | 5.8x |
| Wed, 05 Jul 2023 | CN¥1.4t | CN¥230.8b | CN¥44.5b | 34.2x | 31.5x | 6.1x |
| Fri, 02 Jun 2023 | CN¥1.4t | CN¥230.5b | CN¥44.4b | 35.9x | 32.1x | 6.2x |
| Sun, 30 Apr 2023 | CN¥1.4t | CN¥235.6b | CN¥47.5b | 36.6x | 30.3x | 6.1x |
| Tue, 28 Mar 2023 | CN¥1.4t | CN¥253.2b | CN¥62.9b | 35.1x | 22.9x | 5.7x |
| Thu, 23 Feb 2023 | CN¥1.5t | CN¥251.8b | CN¥64.1b | 37.1x | 23.9x | 6.1x |
| Sat, 21 Jan 2023 | CN¥1.6t | CN¥251.5b | CN¥64.1b | 35.7x | 24.3x | 6.2x |
| Mon, 19 Dec 2022 | CN¥1.5t | CN¥251.2b | CN¥64.1b | 33.9x | 22.9x | 5.8x |
| Wed, 16 Nov 2022 | CN¥1.5t | CN¥250.8b | CN¥64.0b | 36.3x | 24.1x | 6.1x |
| Fri, 14 Oct 2022 | CN¥1.4t | CN¥243.4b | CN¥62.6b | 31.6x | 22.5x | 5.8x |
| Sun, 11 Sep 2022 | CN¥1.4t | CN¥239.8b | CN¥61.1b | 31.9x | 22.5x | 5.7x |
| Tue, 09 Aug 2022 | CN¥1.2t | CN¥227.7b | CN¥61.9b | 32.7x | 20.1x | 5.5x |
| Thu, 07 Jul 2022 | CN¥1.3t | CN¥226.0b | CN¥61.6b | 32.2x | 21.1x | 5.8x |
| Sat, 04 Jun 2022 | CN¥1.2t | CN¥225.9b | CN¥61.6b | 30.2x | 19.4x | 5.3x |
| Mon, 02 May 2022 | CN¥1.2t | CN¥203.2b | CN¥47.8b | 27.2x | 24.4x | 5.7x |
| Wed, 30 Mar 2022 | CN¥1.3t | CN¥198.9b | CN¥52.6b | 32.6x | 24x | 6.3x |
| Fri, 25 Feb 2022 | CN¥1.3t | CN¥197.6b | CN¥52.6b | 33.3x | 25x | 6.7x |
| Sun, 23 Jan 2022 | CN¥1.4t | CN¥196.1b | CN¥52.5b | 36.4x | 26.9x | 7.2x |
| Tue, 21 Dec 2021 | CN¥1.5t | CN¥195.9b | CN¥52.3b | 38.7x | 28.4x | 7.6x |
| Thu, 18 Nov 2021 | CN¥1.5t | CN¥190.8b | CN¥50.6b | 38.4x | 28.8x | 7.6x |
| Sat, 16 Oct 2021 | CN¥1.4t | CN¥194.4b | CN¥56.4b | 39.4x | 25x | 7.3x |
| Mon, 13 Sep 2021 | CN¥1.4t | CN¥194.4b | CN¥56.4b | 40.3x | 24.4x | 7.1x |
| Wed, 11 Aug 2021 | CN¥1.6t | CN¥193.8b | CN¥55.2b | 45.2x | 28.6x | 8.2x |
| Sun, 06 Jun 2021 | CN¥1.8t | CN¥192.3b | CN¥56.2b | 43.8x | 32.3x | 9.4x |
Price to Earnings Ratio
32.3x
Current Industry PE
- Investors are optimistic on the Chinese Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.0x which is higher than its 3-year average PE of 27.2x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.5% 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 Chinese Healthcare industry?
| CN Market | -2.62% | |
| Healthcare | -3.24% | |
| Medical Equipment | -2.61% | |
| Medical Supplies | -2.53% | |
| Medical Equipment | -2.63% | |
Industry PE
- Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 21.9x.
- Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 4.9% per year.
- Investors are most pessimistic about the Medical Equipment industry, which is trading close to its 3-year average of 32.9x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 4.9% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 300832 Shenzhen New Industries Biomedical Engineering | CN¥75.99 | 2.2% +CN¥1.3b | 27.5% | PE34.6x | |
| 300298 Sinocare | CN¥27.52 | 7.3% +CN¥1.0b | -7.3% | PE49.9x | |
| 300003 Lepu Medical Technology (Beijing) | CN¥15.99 | 3.2% +CN¥928.8m | -31.9% | PE26x | |
| 300677 Intco Medical Technology | CN¥24.85 | 3.2% +CN¥492.4m | 9.2% | PE20.8x | |
| 688575 Shenzhen YHLO Biotech | CN¥23.57 | 1.9% +CN¥267.2m | 23.7% | PE39.5x |
