DiaSorin S.p.A.'s (BIT:DIA) Intrinsic Value Is Potentially 24% Below Its Share Price
Oct 11
Italian (Borsa Italiana) Medical Equipment Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies6
- 7D-1.6%
- 3M-17.3%
- 1Y-36.9%
- YTD-36.8%
Last week, the Medical Equipment industry hasn't moved much but Medica is up 4.0% in that time. Unfortunately though, the industry is down 36% over the past 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Italian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | €5.2b | €12.9b | €839.6m | 13.3x | 6.2x | 0.4x |
| Thu, 28 Sep 2023 | €5.4b | €11.6b | €533.2m | 12.7x | 10.1x | 0.5x |
| Sat, 26 Aug 2023 | €6.0b | €11.6b | €534.9m | 13.9x | 11.2x | 0.5x |
| Mon, 24 Jul 2023 | €6.0b | €2.1b | €262.4m | 18.7x | 22.9x | 2.8x |
| Wed, 21 Jun 2023 | €6.3b | €2.1b | €262.4m | 19.4x | 23.9x | 2.9x |
| Fri, 19 May 2023 | €6.5b | €2.1b | €263.3m | 19.5x | 24.6x | 3.1x |
| Sun, 16 Apr 2023 | €6.3b | €2.2b | €302.5m | 19.9x | 20.9x | 2.9x |
| Tue, 14 Mar 2023 | €7.1b | €2.2b | €342.8m | 21.8x | 20.8x | 3.3x |
| Thu, 09 Feb 2023 | €7.9b | €2.2b | €342.8m | 23.8x | 23x | 3.7x |
| Sat, 07 Jan 2023 | €8.1b | €2.2b | €342.8m | 23.1x | 23.5x | 3.7x |
| Mon, 05 Dec 2022 | €8.5b | €2.2b | €342.8m | 24x | 24.8x | 3.9x |
| Wed, 02 Nov 2022 | €8.1b | €2.2b | €342.8m | 21.8x | 23.7x | 3.8x |
| Fri, 30 Sep 2022 | €7.0b | €2.2b | €361.9m | 18.4x | 19.4x | 3.2x |
| Sun, 28 Aug 2022 | €8.5b | €2.1b | €359.4m | 23.1x | 23.5x | 4x |
| Tue, 26 Jul 2022 | €8.8b | €2.0b | €368.9m | 23.7x | 23.9x | 4.5x |
| Thu, 23 Jun 2022 | €7.5b | €2.0b | €368.9m | 20.2x | 20.3x | 3.8x |
| Sat, 21 May 2022 | €7.7b | €1.9b | €365.5m | 22x | 21.1x | 4x |
| Mon, 18 Apr 2022 | €8.6b | €1.9b | €361.4m | 23.6x | 23.9x | 4.7x |
| Wed, 16 Mar 2022 | €9.4b | €2.0b | €440.8m | 20.1x | 21.3x | 4.6x |
| Fri, 11 Feb 2022 | €9.9b | €2.0b | €440.8m | 21.9x | 22.4x | 4.8x |
| Sun, 09 Jan 2022 | €11.7b | €2.0b | €440.8m | 24x | 26.5x | 5.7x |
| Tue, 07 Dec 2021 | €12.7b | €2.0b | €440.8m | 24.5x | 28.7x | 6.2x |
| Thu, 04 Nov 2021 | €14.2b | €1.9b | €438.8m | 35.1x | 32.5x | 7.3x |
| Sat, 02 Oct 2021 | €12.8b | €1.9b | €438.8m | 31.1x | 29.1x | 6.6x |
| Mon, 30 Aug 2021 | €14.3b | €1.9b | €433.7m | 34.4x | 33x | 7.6x |
| Tue, 06 Jul 2021 | €12.0b | €1.9b | €433.7m | 28.8x | 27.7x | 6.4x |
| Fri, 09 Apr 2021 | €10.5b | €1.8b | €418.8m | 23.4x | 25.1x | 5.7x |
| Thu, 31 Dec 2020 | €12.5b | €1.7b | €346.2m | 34.2x | 36x | 7.5x |
Price to Earnings Ratio
44x
Current Industry PE
- Investors are pessimistic on the Italian 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 6.2x which is lower than its 3-year average PE of 25.7x.
- The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 0.40x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 105% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Italian Healthcare industry?
| IT Market | -0.74% | |
| Healthcare | -3.08% | |
| Medical Equipment | -1.56% | |
| Medical Supplies | 1.65% | |
| Medical Equipment | -1.63% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 26.5x.
- Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 33.7% per year.
- Investors are most pessimistic about the Medical Supplies industry, which is trading below its 3-year average of 18.6x.
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 43% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| MDC Medica | €18.00 | 3.4% +€2.5m | -33.8% | PE23.3x | |
| IMD I.M.D. International Medical Devices | €1.84 | 6.7% +€2.0m | n/a | PE13.6x |