Carl Zeiss Meditec AG's (ETR:AFX) Popularity With Investors Is Under Threat From Overpricing
May 26
German (DAX) Medical Equipment Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies14
- 7D-1.4%
- 3M-5.7%
- 1Y-0.9%
- YTD0.8%
In the last week, the Medical Equipment industry is flat overall, with Carl Zeiss Meditec standing out by going down 5.8%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the German Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | €71.0b | €30.2b | €2.3b | 27.8x | 31.3x | 2.3x |
| Sat, 27 Apr 2024 | €71.1b | €30.2b | €2.0b | 25.7x | 36.3x | 2.4x |
| Mon, 25 Mar 2024 | €75.5b | €30.2b | €2.0b | 27x | 38.3x | 2.5x |
| Wed, 21 Feb 2024 | €74.5b | €30.2b | €1.9b | 33.6x | 38.2x | 2.5x |
| Fri, 19 Jan 2024 | €71.2b | €30.1b | €1.9b | 30.9x | 36.9x | 2.4x |
| Sun, 17 Dec 2023 | €71.3b | €30.1b | €1.9b | 30.5x | 36.9x | 2.4x |
| Tue, 14 Nov 2023 | €63.5b | €30.0b | €1.9b | 29.1x | 32.6x | 2.1x |
| Thu, 12 Oct 2023 | €68.6b | €29.9b | €2.0b | 27.8x | 34.3x | 2.3x |
| Sat, 09 Sep 2023 | €60.5b | €29.9b | €2.0b | 27.6x | 30.3x | 2x |
| Mon, 07 Aug 2023 | €67.2b | €29.8b | €2.0b | 28.6x | 33.9x | 2.3x |
| Wed, 05 Jul 2023 | €69.1b | €29.7b | €1.8b | 31.9x | 37.6x | 2.3x |
| Fri, 02 Jun 2023 | €72.7b | €29.7b | €1.8b | 32.7x | 39.6x | 2.4x |
| Sun, 30 Apr 2023 | €77.7b | €29.7b | €2.3b | 25.9x | 33.6x | 2.6x |
| Tue, 28 Mar 2023 | €73.5b | €29.7b | €2.3b | 27.8x | 31.7x | 2.5x |
| Thu, 23 Feb 2023 | €71.5b | €29.5b | €2.3b | 28.1x | 31.7x | 2.4x |
| Sat, 21 Jan 2023 | €69.6b | €29.5b | €2.3b | 26.4x | 30.4x | 2.4x |
| Mon, 19 Dec 2022 | €68.0b | €29.5b | €2.3b | 26.4x | 29.7x | 2.3x |
| Wed, 16 Nov 2022 | €73.9b | €28.5b | €2.1b | 34x | 35.7x | 2.6x |
| Fri, 14 Oct 2022 | €61.6b | €28.5b | €2.1b | 26.2x | 28.9x | 2.2x |
| Sun, 11 Sep 2022 | €70.9b | €28.6b | €2.2b | 29.3x | 32.8x | 2.5x |
| Tue, 09 Aug 2022 | €102.1b | €32.3b | €2.8b | 30.5x | 37.1x | 3.2x |
| Thu, 07 Jul 2022 | €95.0b | €32.3b | €2.8b | 28.9x | 33.9x | 2.9x |
| Sat, 04 Jun 2022 | €102.7b | €32.3b | €2.8b | 31.4x | 36.3x | 3.2x |
| Mon, 02 May 2022 | €96.1b | €30.7b | €2.7b | 32.6x | 36x | 3.1x |
| Wed, 30 Mar 2022 | €107.0b | €30.7b | €2.7b | 21.9x | 40.1x | 3.5x |
| Fri, 25 Feb 2022 | €101.8b | €30.9b | €2.8b | 22.7x | 36.9x | 3.3x |
| Sun, 23 Jan 2022 | €116.0b | €29.4b | €2.8b | 26.5x | 41.6x | 3.9x |
| Tue, 21 Dec 2021 | €129.5b | €29.4b | €2.8b | 26.9x | 46.4x | 4.4x |
| Thu, 18 Nov 2021 | €130.7b | €29.3b | €2.8b | 29.6x | 46.8x | 4.5x |
| Sat, 16 Oct 2021 | €124.2b | €27.8b | €2.8b | 27.5x | 45x | 4.5x |
| Mon, 13 Sep 2021 | €130.9b | €27.7b | €2.7b | 36.8x | 47.8x | 4.7x |
| Wed, 11 Aug 2021 | €128.8b | €27.7b | €2.7b | 31.8x | 47x | 4.6x |
| Sun, 06 Jun 2021 | €98.9b | €25.5b | €2.5b | 32.8x | 40.1x | 3.9x |
Price to Earnings Ratio
40.1x
Current Industry PE
- Investors are pessimistic on the German Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 31.5x which is lower than its 3-year average PE of 36.9x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 2.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.8% 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 German Healthcare industry?
| DE Market | -1.07% | |
| Healthcare | -1.45% | |
| Medical Equipment | -1.44% | |
| Medical Equipment | -1.44% | |
| Medical Supplies | -1.46% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 37.4x.
- Analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings growth of 4.3% 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 24.6x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 17% over the next 5 years.
- This is better than its past earnings growth rate of 4.3% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| SBS Stratec | €45.70 | 0.9% +€4.9m | -19.7% | PE45.7x |