What Elekta AB (publ)'s (STO:EKTA B) P/E Is Not Telling You
May 24
Swedish (OMX) Medical Equipment Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies61
- 7D1.0%
- 3M4.7%
- 1Y-7.1%
- YTD-3.7%
The Medical Equipment industry is up 1.0% in the last week, with Getinge up 3.1%. In the same time, Xvivo Perfusion was down 5.3%. In the past year, the industry is down 7.1%. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Swedish Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | kr167.8b | kr73.0b | kr2.8b | 30.5x | 59.9x | 2.3x |
| Fri, 26 Apr 2024 | kr196.3b | kr73.0b | kr2.5b | 36.4x | 78.1x | 2.7x |
| Sun, 24 Mar 2024 | kr161.7b | kr72.2b | kr2.4b | 31.9x | 66.5x | 2.2x |
| Tue, 20 Feb 2024 | kr165.5b | kr71.9b | kr2.4b | 42x | 69.2x | 2.3x |
| Thu, 18 Jan 2024 | kr172.5b | kr71.5b | kr1.5b | 40.9x | 113x | 2.4x |
| Sat, 16 Dec 2023 | kr169.6b | kr71.4b | kr1.5b | 39.5x | 111.1x | 2.4x |
| Mon, 13 Nov 2023 | kr155.6b | kr69.9b | kr1.3b | 31.8x | 116.6x | 2.2x |
| Wed, 11 Oct 2023 | kr150.8b | kr68.7b | kr1.1b | 30.1x | 138.9x | 2.2x |
| Fri, 08 Sep 2023 | kr152.8b | kr68.8b | kr1.0b | 30.7x | 147.7x | 2.2x |
| Sun, 06 Aug 2023 | kr163.5b | kr68.0b | kr928.4m | 31.7x | 176.1x | 2.4x |
| Tue, 04 Jul 2023 | kr157.7b | kr67.0b | kr1.3b | 33.8x | 117.3x | 2.4x |
| Thu, 01 Jun 2023 | kr176.2b | kr66.9b | kr1.4b | 36x | 129.8x | 2.6x |
| Sat, 29 Apr 2023 | kr184.3b | kr65.5b | kr1.4b | 35.3x | 132.3x | 2.8x |
| Mon, 27 Mar 2023 | kr167.3b | kr64.0b | kr1.4b | 35.3x | 116.7x | 2.6x |
| Wed, 22 Feb 2023 | kr168.2b | kr62.6b | kr1.7b | 41.7x | 97.9x | 2.7x |
| Fri, 20 Jan 2023 | kr170.2b | kr61.8b | kr2.3b | 29.7x | 73.4x | 2.8x |
| Sun, 18 Dec 2022 | kr159.0b | kr61.8b | kr2.3b | 25.6x | 68.6x | 2.6x |
| Tue, 15 Nov 2022 | kr175.7b | kr60.9b | kr2.7b | 24.5x | 65.4x | 2.9x |
| Thu, 13 Oct 2022 | kr150.2b | kr59.7b | kr2.8b | 26.7x | 54.5x | 2.5x |
| Sat, 10 Sep 2022 | kr167.8b | kr59.6b | kr2.8b | 30.8x | 59.3x | 2.8x |
| Mon, 08 Aug 2022 | kr183.3b | kr58.8b | kr2.7b | 35.5x | 66.8x | 3.1x |
| Wed, 06 Jul 2022 | kr195.4b | kr58.4b | kr2.9b | 36.6x | 66.9x | 3.3x |
| Fri, 03 Jun 2022 | kr213.6b | kr58.3b | kr3.0b | 40.2x | 72.3x | 3.7x |
| Sun, 01 May 2022 | kr215.8b | kr57.2b | kr3.0b | 53.5x | 73x | 3.8x |
| Tue, 29 Mar 2022 | kr248.4b | kr56.9b | kr3.1b | 60.2x | 80x | 4.4x |
| Thu, 24 Feb 2022 | kr241.8b | kr56.5b | kr3.7b | 45.9x | 65.3x | 4.3x |
| Sat, 22 Jan 2022 | kr262.2b | kr56.9b | kr3.8b | 53.9x | 68.1x | 4.6x |
| Mon, 20 Dec 2021 | kr290.0b | kr57.0b | kr3.8b | 55.4x | 75.6x | 5.1x |
| Wed, 17 Nov 2021 | kr321.2b | kr63.1b | kr1.3b | 67.9x | 250.5x | 5.1x |
| Fri, 15 Oct 2021 | kr288.4b | kr57.7b | kr4.4b | 78.5x | 65x | 5x |
| Sun, 12 Sep 2021 | kr307.1b | kr57.8b | kr4.4b | 85.2x | 69.5x | 5.3x |
| Tue, 10 Aug 2021 | kr309.2b | kr57.8b | kr4.4b | 66.8x | 69.6x | 5.4x |
Price to Earnings Ratio
61x
Current Industry PE
- Investors are pessimistic on the Swedish 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 59.9x which is lower than its 3-year average PE of 89.7x.
- The 3-year average PS ratio of 3.3x 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 8.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 8.8% 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 Swedish Healthcare industry?
| SE Market | -0.60% | |
| Healthcare | 1.24% | |
| Medical Equipment | 1.04% | |
| Medical Equipment | 1.72% | |
| Medical Supplies | -1.60% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 65.7x.
- Analysts are expecting annual earnings growth of 17.4%, which is lower than the prior year's growth of 42.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 54% over the next 5 years.
- However this is lower than its past earnings growth rate of 261% 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 | |
|---|---|---|---|---|---|
| GETI B Getinge | kr187.10 | 0.8% +kr394.9m | -25.0% | PE22.3x | |
| XVIVO Xvivo Perfusion | kr419.00 | 2.8% +kr362.2m | 46.8% | PE131.4x | |
| SEDANA Sedana Medical | kr24.15 | 12.3% +kr263.2m | -19.0% | PS14.5x | |
| PAX Paxman | kr46.50 | 16.5% +kr125.5m | 29.2% | PE107.3x | |
| CEVI CellaVision | kr271.00 | 1.9% +kr119.3m | 33.2% | PE45.8x |
