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U.K. (FTSE) Medical Equipment Industry Analysis

UpdatedMay 09, 2024
DataAggregated Company Financials
Companies22
  • 7D4.1%
  • 3M-1.7%
  • 1Y-7.9%
  • YTD-1.4%

ConvaTec Group is up 6.2%, leading the way for the Medical Equipment industry, which has gained 4.1%. Meanwhile, EKF Diagnostics Holdings actually underperformed within the industry, shrinking 6.2% in the last week. In the past year, the industry is down 7.9%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

Has the U.K. Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024UK£15.6bUK£6.7bUK£256.9m35.2x60.7x2.3x
Sat, 06 Apr 2024UK£15.4bUK£6.6bUK£244.4m39.1x63.2x2.3x
Mon, 04 Mar 2024UK£15.4bUK£6.6bUK£184.2m37.7x83.6x2.3x
Wed, 31 Jan 2024UK£15.8bUK£6.4bUK£100.8m50.2x157.2x2.5x
Fri, 29 Dec 2023UK£15.7bUK£6.4bUK£99.8m48.9x157.4x2.4x
Sun, 26 Nov 2023UK£14.9bUK£6.5bUK£101.8m44.9x146.1x2.3x
Tue, 24 Oct 2023UK£13.4bUK£6.7bUK£107.6m43.5x124.4x2x
Thu, 21 Sep 2023UK£14.8bUK£6.6bUK£92.2m55.5x160.9x2.2x
Sat, 19 Aug 2023UK£15.2bUK£6.4bUK£84.7m54.5x178.8x2.4x
Mon, 17 Jul 2023UK£15.9bUK£6.1bUK£80.4m58.3x198x2.6x
Wed, 14 Jun 2023UK£16.0bUK£6.4bUK£88.1m60.2x182.1x2.5x
Fri, 12 May 2023UK£17.2bUK£6.4bUK£88.7m68.9x193.6x2.7x
Sun, 09 Apr 2023UK£15.8bUK£6.5bUK£77.9m46x203.2x2.4x
Tue, 07 Mar 2023UK£16.6bUK£6.7bUK£112.5m31.1x147.3x2.5x
Thu, 02 Feb 2023UK£16.1bUK£6.5bUK£326.3m24.3x49.5x2.5x
Sat, 31 Dec 2022UK£16.1bUK£6.7bUK£336.0m25.3x47.8x2.4x
Mon, 28 Nov 2022UK£16.1bUK£6.6bUK£340.0m26.9x47.3x2.4x
Wed, 26 Oct 2022UK£14.8bUK£7.0bUK£386.3m26.3x38.4x2.1x
Fri, 23 Sep 2022UK£15.1bUK£7.1bUK£407.7m19.9x37x2.1x
Sun, 21 Aug 2022UK£16.1bUK£6.8bUK£389.3m21.5x41.4x2.4x
Tue, 19 Jul 2022UK£16.7bUK£6.7bUK£435.0m19x38.3x2.5x
Thu, 16 Jun 2022UK£16.7bUK£6.5bUK£431.5m21.4x38.8x2.6x
Sat, 14 May 2022UK£17.9bUK£6.4bUK£460.6m25.9x39x2.8x
Mon, 11 Apr 2022UK£17.6bUK£6.0bUK£430.4m26.7x41x2.9x
Wed, 09 Mar 2022UK£16.5bUK£5.9bUK£444.9m26.2x37.1x2.8x
Fri, 04 Feb 2022UK£17.3bUK£5.7bUK£448.5m27.1x38.6x3.1x
Sun, 02 Jan 2022UK£18.3bUK£5.7bUK£451.2m27.8x40.5x3.2x
Tue, 30 Nov 2021UK£17.7bUK£5.8bUK£458.6m26.2x38.6x3.1x
Thu, 28 Oct 2021UK£18.5bUK£5.6bUK£445.3m28.2x41.6x3.3x
Sat, 25 Sep 2021UK£19.4bUK£5.6bUK£452.0m36.4x42.9x3.4x
Mon, 23 Aug 2021UK£19.9bUK£5.5bUK£459.9m38.6x43.2x3.6x
Sat, 10 Jul 2021UK£21.6bUK£5.3bUK£421.0m43x51.4x4.1x
Price to Earnings Ratio

51.8x


Total Market Cap: UK£21.3bTotal Earnings: UK£411.5mTotal Revenue: UK£5.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Medical Equipment Industry Price to Earnings3Y Average 90.6x202220232024
Current Industry PE
  • Investors are pessimistic on the British 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 60.7x which is lower than its 3-year average PE of 90.6x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.6% 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 U.K. Healthcare industry?

GB Market2.66%
Healthcare1.91%
Medical Equipment4.12%
Medical Supplies5.73%
Medical Equipment3.11%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 129x.
    • Analysts are expecting annual earnings growth of 22.4%, which is higher than its past year's earnings decline of 7.3% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 77.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 7.3% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 22% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CTEC ConvaTec GroupUK£2.616.2%
+UK£311.1m		22.9%PE51.3x
SN. Smith & NephewUK£10.083.2%
+UK£269.4m		-19.8%PE41.7x
SPEC INSPECS GroupUK£0.7330.4%
+UK£17.3m		-45.5%PS0.4x
AGL ANGLEUK£0.2041.8%
+UK£15.0m		-7.1%PS27.9x
AMS Advanced Medical Solutions GroupUK£1.992.3%
+UK£9.6m		-17.1%PE27.2x
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UK£4.48

Tristel

7D

-3.2%

1Y

34.6%

CREO

UK£0.35

Creo Medical Group

7D

-2.8%

1Y

38.4%

SPEC

UK£0.73

INSPECS Group

7D

30.4%

1Y

-45.5%

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OBI

UK£0.07

Ondine Biomedical

7D

36.6%

1Y

-63.2%

DEMG

UK£0.0012

Deltex Medical Group

7D

-4.0%

1Y

-92.3%

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SN.

UK£10.08

Smith & Nephew

7D

3.2%

1Y

-19.8%

AGL

UK£0.20

ANGLE

7D

41.8%

1Y

-7.1%

EKF

UK£0.29

EKF Diagnostics Holdings

7D

-6.2%

1Y

7.1%

CNSL

UK£0.039

Cambridge Nutritional Sciences

7D

-1.3%

1Y

56.0%

IHC

UK£0.17

Inspiration Healthcare Group

7D

-1.5%

1Y

-62.4%

CTEC

UK£2.61

ConvaTec Group

7D

6.2%

1Y

22.9%

AMS

UK£1.99

Advanced Medical Solutions Group

7D

2.3%

1Y

-17.1%

NSCI

UK£0.63

NetScientific

7D

-0.8%

1Y

-16.1%

NIOX

UK£0.72

NIOX Group

7D

2.8%

1Y

46.1%

BELL

UK£0.08

Belluscura

7D

10.3%

1Y

-78.1%

POLX

UK£0.035

Polarean Imaging

7D

-3.3%

1Y

-85.4%