Earnings Update: Here's Why Analysts Just Lifted Their Optomed Oyj (HEL:OPTOMED) Price Target To €6.63
May 11
Finnish (OMX) Medical Equipment Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies6
- 7D5.6%
- 3M12.4%
- 1Y-10.4%
- YTD10.9%
The Medical Equipment industry is up 5.6% in the last week, with Revenio Group Oyj up 6.4%. In the past year, the industry is down 10%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Finnish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €1.0b | €140.7m | €2.7m | 29.1x | 383.8x | 7.3x |
| Tue, 16 Apr 2024 | €918.5m | €140.9m | €3.3m | 26.6x | 275.8x | 6.5x |
| Thu, 14 Mar 2024 | €880.4m | €141.0m | €3.4m | 25.6x | 261.2x | 6.2x |
| Sat, 10 Feb 2024 | €900.6m | €138.1m | €3.0m | 32.7x | 301.4x | 6.5x |
| Mon, 08 Jan 2024 | €897.6m | €138.1m | €3.0m | 32.5x | 300.4x | 6.5x |
| Wed, 06 Dec 2023 | €820.6m | €138.1m | €3.0m | 31.1x | 274.7x | 5.9x |
| Fri, 03 Nov 2023 | €814.9m | €137.6m | €2.1m | 31x | 397.3x | 5.9x |
| Sun, 01 Oct 2023 | €777.3m | €139.8m | €3.7m | 27.9x | 212.9x | 5.6x |
| Tue, 29 Aug 2023 | €836.3m | €139.8m | €3.7m | 30x | 229.1x | 6x |
| Thu, 27 Jul 2023 | €1.1b | €144.5m | €9.3m | 38.6x | 113.5x | 7.3x |
| Sat, 24 Jun 2023 | €1.1b | €144.5m | €9.3m | 40.4x | 118x | 7.6x |
| Mon, 22 May 2023 | €1.1b | €144.5m | €9.3m | 41.1x | 121.1x | 7.8x |
| Wed, 19 Apr 2023 | €1.3b | €141.2m | €9.6m | 44.8x | 134.5x | 9.2x |
| Fri, 17 Mar 2023 | €1.2b | €142.3m | €9.6m | 42x | 121.2x | 8.2x |
| Sun, 12 Feb 2023 | €1.3b | €143.5m | €8.2m | 45.2x | 156.4x | 8.9x |
| Tue, 10 Jan 2023 | €1.2b | €139.3m | €8.0m | 46.2x | 154.4x | 8.8x |
| Thu, 08 Dec 2022 | €1.3b | €139.3m | €8.0m | 49.2x | 160.2x | 9.2x |
| Sat, 05 Nov 2022 | €1.2b | €138.2m | €8.4m | 47.2x | 145.7x | 8.9x |
| Mon, 03 Oct 2022 | €1.2b | €133.5m | €7.1m | 43.3x | 169.5x | 9x |
| Wed, 31 Aug 2022 | €1.4b | €133.5m | €7.1m | 47.8x | 199.5x | 10.6x |
| Fri, 29 Jul 2022 | €1.6b | €124.7m | €5.9m | 70.9x | 269.9x | 12.8x |
| Sun, 26 Jun 2022 | €1.4b | €124.7m | €5.9m | 61.9x | 242.8x | 11.5x |
| Tue, 24 May 2022 | €1.6b | €124.7m | €5.9m | 66.9x | 263.8x | 12.5x |
| Thu, 21 Apr 2022 | €1.7b | €122.0m | €5.7m | 75.2x | 304.8x | 14.2x |
| Sat, 19 Mar 2022 | €1.7b | €110.7m | €10.7m | 69.7x | 154.2x | 14.9x |
| Mon, 14 Feb 2022 | €1.7b | €104.5m | €8.7m | 66x | 200.2x | 16.6x |
| Wed, 12 Jan 2022 | €2.1b | €104.5m | €8.7m | 79.8x | 241.6x | 20.1x |
| Fri, 10 Dec 2021 | €2.2b | €104.5m | €8.7m | 85x | 257.5x | 21.4x |
| Sun, 07 Nov 2021 | €2.4b | €105.1m | €9.2m | 86.3x | 258.1x | 22.6x |
| Tue, 05 Oct 2021 | €2.2b | €101.5m | €7.6m | 89.1x | 284.4x | 21.4x |
| Thu, 02 Sep 2021 | €1.9b | €101.5m | €7.6m | 105.3x | 254.7x | 19.1x |
| Sat, 31 Jul 2021 | €2.1b | €101.5m | €7.6m | 113.1x | 276.2x | 20.7x |
Price to Earnings Ratio
329.1x
Current Industry PE
- Investors are optimistic on the Finnish Medical Equipment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 384x which is higher than its 3-year average PE of 220x.
- The 3-year average PS ratio of 11.5x is higher than the industry's current PS ratio of 7.3x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have declined 23% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 industry?
| FI Market | 1.18% | |
| Healthcare | 0.66% | |
| Medical Equipment | 5.59% | |
| Medical Equipment | 5.59% | |
| Medical Supplies | 0% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 220x.
- Analysts are expecting annual earnings growth of 25.2%, which is lower than the prior year's growth of 97.5% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 220x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 98% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| REG1V Revenio Group Oyj | €29.08 | 6.4% +€46.3m | -11.6% | PE41.8x | |
| MODU Modulight Oyj | €1.06 | 12.4% +€5.0m | -55.4% | PS6.6x | |
| OPTOMED Optomed Oyj | €5.61 | 2.6% +€2.5m | 56.9% | PS6.7x | |
| NXTMH Nexstim | €2.90 | 2.5% +€473.6k | -23.5% | PS2.3x | |
| BIOBV Biohit Oyj | €2.01 | 0.5% +€151.7k | 12.9% | PE16.5x |