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Taiwanese (TAIEX) Medical Equipment Industry Analysis

UpdatedMay 14, 2024
DataAggregated Company Financials
Companies57
  • 7D-1.0%
  • 3M6.3%
  • 1Y11.2%
  • YTD6.8%

Over the last 7 days, the Medical Equipment industry has dropped 1.0%, driven by pullbacks in SciVision Biotech and Visco Vision of 7.7% and 3.5%, respectively. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

Has the Taiwanese Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 May 2024NT$228.9bNT$63.3bNT$5.5b24.9x41.3x3.6x
Fri, 12 Apr 2024NT$231.6bNT$63.2bNT$5.3b28.1x43.7x3.7x
Sun, 10 Mar 2024NT$220.0bNT$63.8bNT$5.6b27.6x39.6x3.4x
Tue, 06 Feb 2024NT$213.1bNT$62.5bNT$5.6b26.6x37.9x3.4x
Thu, 04 Jan 2024NT$208.5bNT$62.2bNT$5.5b27.2x38.2x3.4x
Sat, 02 Dec 2023NT$204.7bNT$62.2bNT$5.5b26.6x37.4x3.3x
Mon, 30 Oct 2023NT$190.5bNT$64.1bNT$6.6b25.3x28.9x3x
Wed, 27 Sep 2023NT$192.3bNT$64.2bNT$6.6b25.5x29.2x3x
Fri, 25 Aug 2023NT$189.4bNT$64.2bNT$6.6b25.2x28.6x2.9x
Sun, 23 Jul 2023NT$205.2bNT$68.1bNT$9.1b24x22.4x3x
Tue, 20 Jun 2023NT$201.0bNT$67.6bNT$9.2b24.5x21.8x3x
Thu, 18 May 2023NT$197.4bNT$67.9bNT$9.9b22.1x19.9x2.9x
Sat, 15 Apr 2023NT$208.1bNT$68.1bNT$10.0b23.3x20.9x3.1x
Mon, 13 Mar 2023NT$202.9bNT$67.3bNT$10.2b19.6x19.8x3x
Wed, 08 Feb 2023NT$203.6bNT$66.9bNT$10.2b20.6x20x3x
Fri, 06 Jan 2023NT$187.4bNT$66.9bNT$10.2b18.6x18.4x2.8x
Sun, 04 Dec 2022NT$181.6bNT$66.9bNT$10.2b17x17.8x2.7x
Tue, 01 Nov 2022NT$157.2bNT$65.5bNT$9.4b17.1x16.7x2.4x
Thu, 29 Sep 2022NT$166.9bNT$65.1bNT$9.3b17.9x17.9x2.6x
Sat, 27 Aug 2022NT$193.4bNT$65.1bNT$9.4b19.5x20.6x3x
Mon, 25 Jul 2022NT$183.6bNT$61.4bNT$7.7b20.3x23.7x3x
Wed, 22 Jun 2022NT$177.4bNT$61.2bNT$7.7b20.8x23.1x2.9x
Fri, 20 May 2022NT$201.7bNT$69.5bNT$8.4b20.5x23.9x2.9x
Sun, 17 Apr 2022NT$220.0bNT$69.0bNT$8.1b23.2x27.3x3.2x
Tue, 15 Mar 2022NT$204.8bNT$71.2bNT$9.1b23.8x22.6x2.9x
Thu, 10 Feb 2022NT$210.2bNT$70.7bNT$8.8b26x24x3x
Sat, 08 Jan 2022NT$216.1bNT$70.7bNT$8.8b27x24.6x3.1x
Mon, 06 Dec 2021NT$210.1bNT$70.7bNT$8.8b25.9x24x3x
Wed, 03 Nov 2021NT$202.2bNT$70.3bNT$9.1b28.5x22.2x2.9x
Fri, 01 Oct 2021NT$194.5bNT$69.1bNT$8.9b22.7x21.8x2.8x
Sun, 29 Aug 2021NT$202.3bNT$69.1bNT$8.9b23.2x22.8x2.9x
Mon, 05 Jul 2021NT$222.1bNT$69.1bNT$8.9b25.2x25x3.2x
Price to Earnings Ratio

23.6x


Total Market Cap: NT$203.4bTotal Earnings: NT$8.6bTotal Revenue: NT$67.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Medical Equipment Industry Price to Earnings3Y Average 25.4x202220232024
Current Industry PE
  • Investors are optimistic on the Taiwanese Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.3x which is higher than its 3-year average PE of 25.4x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have declined 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Taiwanese Healthcare industry?

TW Market1.31%
Healthcare-0.92%
Medical Equipment-1.04%
Medical Equipment-0.28%
Medical Supplies-1.56%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 45.2x.
    • Analysts are expecting annual earnings growth of 3.2%, which is higher than its past year's earnings decline of 10.0% per year.
  • Investors are most pessimistic about the Medical Supplies industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.7x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 8.3% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 3.2% 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
6491 PegavisionNT$512.003.5%
+NT$1.4b		43.6%PE21.9x
4736 TaiDoc TechnologyNT$162.002.5%
+NT$381.5m		-9.7%PE15.2x
4107 BiotequeNT$126.002.4%
+NT$207.9m		10.5%PE19.3x
1565 St.Shine OpticalLtdNT$190.001.6%
+NT$151.2m		-20.0%PE17.5x
4126 Pacific Hospital SupplyNT$92.501.9%
+NT$123.4m		9.6%PE16x
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Latest News

6499

NT$43.00

Medeon Biodesign

7D

1.2%

1Y

-20.1%

4737

NT$69.40

Bionime

7D

-4.0%

1Y

-6.6%

1786

NT$98.00

SciVision Biotech

7D

-8.0%

1Y

39.4%

4107

NT$126.00

Bioteque

7D

2.4%

1Y

10.5%

1733

NT$35.25

Apex Biotechnology

7D

2.9%

1Y

31.0%

6491

NT$512.00

Pegavision

7D

3.5%

1Y

43.6%

Pegavision's (TWSE:6491) Earnings Aren't As Good As They Appear

May 07
Pegavision's (TWSE:6491) Earnings Aren't As Good As They Appear

4155

NT$25.35

OK Biotech

7D

1.6%

1Y

-20.9%

1565

NT$190.00

St.Shine OpticalLtd

7D

1.6%

1Y

-20.0%

4126

NT$92.50

Pacific Hospital Supply

7D

1.9%

1Y

9.6%

4771

NT$306.50

Vizionfocus

7D

-2.7%

1Y

81.4%

4736

NT$162.00

TaiDoc Technology

7D

2.5%

1Y

-9.7%

6782

NT$237.00

Visco Vision

7D

-3.5%

1Y

6.3%

4138

NT$105.00

Dynamic Medical Technologies

7D

-8.7%

1Y

13.2%

6612

NT$124.50

ICARES Medicus

7D

-4.2%

1Y

-22.4%

7725

NT$27.25

LabTurbo Biotech

7D

-13.2%

1Y

n/a

6747

NT$178.00

Brighten Optix

7D

-3.5%

1Y

-21.4%