Returns On Capital At AK Medical Holdings (HKG:1789) Paint A Concerning Picture
May 27
Hong Kong (HSI) Medical Equipment Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies25
- 7D-7.2%
- 3M-13.4%
- 1Y-40.0%
- YTDn/a
Over the last 7 days, the Medical Equipment industry has dropped 7.2%, driven by a pullback from MicroPort Scientific of 13%. However, the industry is down 40% over the past year. As for the next few years, earnings are expected to grow by 46% per annum.
Industry Valuation and Performance
Has the Hong Kong Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$95.5b | HK$25.6b | -HK$4,883,708,538.34 | 21x | -19.6x | 3.7x |
| Sat, 27 Apr 2024 | HK$101.4b | HK$25.7b | -HK$4,894,888,650.83 | 21.2x | -20.7x | 3.9x |
| Mon, 25 Mar 2024 | HK$104.4b | HK$25.0b | -HK$5,591,915,042.19 | 22.4x | -18.7x | 4.2x |
| Wed, 21 Feb 2024 | HK$110.4b | HK$24.7b | -HK$5,473,264,295.97 | 24.7x | -20.2x | 4.5x |
| Fri, 19 Jan 2024 | HK$117.4b | HK$25.4b | -HK$6,706,389,572.00 | 24.6x | -17.5x | 4.6x |
| Sun, 17 Dec 2023 | HK$137.8b | HK$25.4b | -HK$6,733,209,397.00 | 28.4x | -20.5x | 5.4x |
| Tue, 14 Nov 2023 | HK$149.3b | HK$25.2b | -HK$6,640,559,940.00 | 29.7x | -22.5x | 5.9x |
| Thu, 12 Oct 2023 | HK$148.9b | HK$25.1b | -HK$6,645,897,528.00 | 29.5x | -22.4x | 5.9x |
| Sat, 09 Sep 2023 | HK$154.5b | HK$25.1b | -HK$6,642,514,259.00 | 29.6x | -23.3x | 6.1x |
| Mon, 07 Aug 2023 | HK$167.0b | HK$23.3b | -HK$8,245,608,670.00 | 27.4x | -20.3x | 7.2x |
| Wed, 05 Jul 2023 | HK$171.2b | HK$23.3b | -HK$8,232,517,885.00 | 27.4x | -20.8x | 7.4x |
| Fri, 02 Jun 2023 | HK$162.7b | HK$23.4b | -HK$8,313,636,296.00 | 27.4x | -19.6x | 6.9x |
| Sun, 30 Apr 2023 | HK$198.1b | HK$23.8b | -HK$8,478,185,977.00 | 27.4x | -23.4x | 8.3x |
| Tue, 28 Mar 2023 | HK$194.0b | HK$20.7b | -HK$6,240,671,351.00 | 32.6x | -31.1x | 9.4x |
| Thu, 23 Feb 2023 | HK$209.9b | HK$20.5b | -HK$6,278,649,731.00 | 27.4x | -33.4x | 10.3x |
| Sat, 21 Jan 2023 | HK$216.3b | HK$20.6b | -HK$6,302,443,010.00 | 27.4x | -34.3x | 10.5x |
| Mon, 19 Dec 2022 | HK$193.5b | HK$20.2b | -HK$6,089,095,773.00 | 27.4x | -31.8x | 9.6x |
| Wed, 16 Nov 2022 | HK$188.1b | HK$20.2b | -HK$6,104,545,326.00 | 27.4x | -30.8x | 9.3x |
| Fri, 14 Oct 2022 | HK$140.8b | HK$19.9b | -HK$6,137,029,268.00 | 25.3x | -22.9x | 7.1x |
| Sun, 11 Sep 2022 | HK$165.3b | HK$20.0b | -HK$6,057,451,135.00 | 25.4x | -27.3x | 8.3x |
| Tue, 09 Aug 2022 | HK$179.3b | HK$19.1b | -HK$4,255,300,431.00 | 17.9x | -42.1x | 9.4x |
| Thu, 07 Jul 2022 | HK$200.0b | HK$19.1b | -HK$4,356,137,298.00 | 18.4x | -45.9x | 10.5x |
| Sat, 04 Jun 2022 | HK$150.9b | HK$19.1b | -HK$4,363,753,068.00 | 12.5x | -34.6x | 7.9x |
| Mon, 02 May 2022 | HK$147.5b | HK$19.2b | -HK$4,372,551,947.00 | 12.7x | -33.7x | 7.7x |
| Wed, 30 Mar 2022 | HK$153.8b | HK$18.0b | -HK$1,000,074,795.00 | 13.2x | -153.8x | 8.6x |
| Fri, 25 Feb 2022 | HK$198.6b | HK$17.4b | -HK$1,044,297,906.00 | 14.4x | -190.2x | 11.4x |
| Sun, 23 Jan 2022 | HK$239.8b | HK$17.4b | -HK$1,039,303,885.00 | 17.6x | -230.7x | 13.8x |
| Tue, 21 Dec 2021 | HK$249.4b | HK$17.4b | -HK$854,731,629.00 | 17.4x | -291.8x | 14.4x |
| Thu, 18 Nov 2021 | HK$313.1b | HK$17.3b | -HK$342,477,718.00 | 22.6x | -914.3x | 18.1x |
| Sat, 16 Oct 2021 | HK$240.9b | HK$17.1b | HK$207.9m | 24.4x | 1158.7x | 14x |
| Mon, 13 Sep 2021 | HK$265.8b | HK$17.1b | HK$205.8m | 22.9x | 1291.6x | 15.5x |
| Wed, 11 Aug 2021 | HK$290.8b | HK$17.1b | HK$554.0m | 28.1x | 524.8x | 17x |
| Sun, 06 Jun 2021 | HK$279.1b | HK$14.6b | -HK$987,548,883.64 | 26.3x | -282.6x | 19.1x |
Price to Earnings Ratio
-282.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Healthcare Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 9.5x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 21% 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 caused losses to expand.
Industry Comparison
How does Hong Kong Medical Equipment compare with similar industries?
| HK Market | -0.73% | |
| Healthcare | -3.70% | |
| Medical Equipment | -4.83% | |
| Medical Equipment | -7.22% | |
| Medical Supplies | 0.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2190 Zylox-Tonbridge Medical Technology | HK$10.64 | 4.7% +HK$155.5m | -5.2% | PS6.1x | |
| 6669 Acotec Scientific Holdings | HK$7.20 | 3.9% +HK$84.6m | -51.9% | PE144.5x | |
| 6922 Cryofocus Medtech (Shanghai) | HK$6.40 | 3.1% +HK$45.4m | -60.3% | PS34.7x | |
| 2235 MicroTech Medical (Hangzhou) | HK$3.99 | 1.0% +HK$16.8m | -34.7% | PS6.2x |