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May 27
Finnish (OMX) Healthcare Sector Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies15
- 7D-0.1%
- 3M4.1%
- 1Y-5.7%
- YTD-1.4%
The Healthcare is pretty flat in the last 7 days, but Nanoform Finland Oyj has stood out, gaining 14%. As for the longer term, the industry has declined 5.7% in the last year. Looking forward, earnings are forecast to grow by 20% annually.
Sector Valuation and Performance
Has the Finnish Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | €8.2b | €4.9b | €118.1m | 27.3x | 69.1x | 1.7x |
| Fri, 26 Apr 2024 | €7.6b | €4.9b | €104.6m | 31.1x | 72.6x | 1.6x |
| Sun, 24 Mar 2024 | €7.4b | €4.8b | €108.1m | 29.3x | 68.6x | 1.5x |
| Tue, 20 Feb 2024 | €8.2b | €4.8b | €110.2m | 27.3x | 74.1x | 1.7x |
| Thu, 18 Jan 2024 | €8.8b | €4.8b | €135.4m | 33.3x | 65.1x | 1.8x |
| Sat, 16 Dec 2023 | €7.6b | €4.8b | €135.4m | 29.6x | 56.3x | 1.6x |
| Mon, 13 Nov 2023 | €7.5b | €4.8b | €134.3m | 29.7x | 55.5x | 1.6x |
| Wed, 11 Oct 2023 | €7.8b | €5.0b | €270.4m | 27.2x | 29x | 1.6x |
| Fri, 08 Sep 2023 | €7.8b | €5.0b | €269.6m | 26.4x | 29x | 1.6x |
| Sun, 06 Aug 2023 | €7.3b | €5.0b | €277.7m | 24.6x | 26.3x | 1.5x |
| Tue, 04 Jul 2023 | €8.2b | €5.0b | €315.2m | 39.3x | 26x | 1.6x |
| Thu, 01 Jun 2023 | €8.4b | €5.0b | €315.2m | 38.3x | 26.8x | 1.7x |
| Sat, 29 Apr 2023 | €9.0b | €4.9b | €328.2m | 41.1x | 27.3x | 1.8x |
| Mon, 27 Mar 2023 | €8.7b | €5.0b | €335.4m | 34.9x | 25.8x | 1.7x |
| Wed, 22 Feb 2023 | €9.6b | €5.0b | €335.6m | 39.1x | 28.7x | 1.9x |
| Fri, 20 Jan 2023 | €10.0b | €5.3b | €373.8m | 19.8x | 26.7x | 1.9x |
| Sun, 18 Dec 2022 | €10.2b | €5.3b | €373.8m | 18.3x | 27.3x | 1.9x |
| Tue, 15 Nov 2022 | €9.7b | €5.3b | €384.8m | 18.7x | 25.1x | 1.8x |
| Thu, 13 Oct 2022 | €9.2b | €5.0b | €282.1m | 17.2x | 32.7x | 1.8x |
| Sat, 10 Sep 2022 | €10.0b | €5.0b | €284.2m | 19.1x | 35x | 2x |
| Mon, 08 Aug 2022 | €10.5b | €5.0b | €288.2m | 20.2x | 36.5x | 2.1x |
| Wed, 06 Jul 2022 | €10.0b | €4.9b | €277.1m | 25.8x | 36.2x | 2.1x |
| Fri, 03 Jun 2022 | €9.4b | €4.9b | €277.1m | 27.3x | 34x | 1.9x |
| Sun, 01 May 2022 | €9.5b | €4.9b | €277.1m | 27.5x | 34.2x | 1.9x |
| Tue, 29 Mar 2022 | €9.9b | €4.8b | €279.2m | 29.3x | 35.4x | 2.1x |
| Thu, 24 Feb 2022 | €10.3b | €4.8b | €281.5m | 31.3x | 36.7x | 2.2x |
| Sat, 22 Jan 2022 | €9.7b | €4.6b | €269.9m | 26.6x | 36x | 2.1x |
| Mon, 20 Dec 2021 | €10.0b | €4.6b | €269.9m | 26.9x | 37.1x | 2.2x |
| Wed, 17 Nov 2021 | €10.7b | €4.6b | €270.3m | 28.7x | 39.4x | 2.3x |
| Fri, 15 Oct 2021 | €10.0b | €4.6b | €271.3m | 26x | 36.9x | 2.2x |
| Sun, 12 Sep 2021 | €9.7b | €4.6b | €271.3m | 25.2x | 35.7x | 2.1x |
| Tue, 10 Aug 2021 | €9.8b | €4.6b | €277.8m | 25.6x | 35.4x | 2.1x |
Price to Earnings Ratio
36.4x
Current Industry PE
- Investors are optimistic on the Finnish Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 69.1x which is higher than its 3-year average PE of 38.3x.
- The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 24% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% 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 Finnish Healthcare sector?
| FI Market | -0.58% | |
| Healthcare | -0.12% | |
| Life Sciences | 13.83% | |
| Medical Equipment | 1.44% | |
| Healthcare Services | -0.46% | |
| Pharma | -0.67% | |
| Biotech | -2.37% | |
| Healthtech | -3.25% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 221x.
- Analysts are expecting annual earnings growth of 26.3%, which is lower than the prior year's growth of 97.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 24% per year.
- In contrast, the Biotech industry is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|
| NANOFH Nanoform Finland Oyj | €2.19 | 13.8% +€22.7m | -3.1% | PS72.9x | |
| MODU Modulight Oyj | €1.40 | 38.2% +€16.4m | -38.9% | PS8.6x | |
| AIFORIA Aiforia Technologies Oyj | €3.87 | -3.3% €7.6m | 4.6% | PS46.6x | |
| HRTIS Herantis Pharma Oyj | €1.70 | 18.9% +€5.4m | -12.6% | PE122.5x | |
| OKDBV Oriola Oyj | €0.94 | 1.5% +€2.5m | -31.4% | PS0.1x |
