Health Care Equipment & Services

The industry group, Health Care Equipment & Services, contains the industries:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2020 2021 $ Change % Change
Revenue 6,831.8 8,754.1 1,922.3 28.1
Less: Cost of Goods Sold -1,117.4 -1,616.8 -499.5 44.7
Gross Profit 7,949.2 10,371.0 2,421.7 30.5
Less: Operating Costs -4,902.6 -5,216.2 -313.6 6.4
Operating Profit 12,851.8 15,587.1 2,735.4 21.3
Less: Financing Costs -112.9 -92.5 20.3 -18.0
Earnings Before Tax 12,964.6 15,679.7 2,715.0 20.9
Less: Income Tax -157.2 -480.9 -323.8 206.0
Net Profit 13,121.8 16,160.6 3,038.8 23.2

Balance Sheet

($'M) 2020 2021 $ Change % Change
Current Assets 2,455.1 2,284.6 -170.5 -6.9
Non Current Assets 9,672.0 9,476.4 -195.6 -2.0
Assets 12,127.1 11,761.0 -366.1 -3.0
Current Liabilities 2,070.1 2,217.9 147.8 7.1
Non Current Liabilities 4,392.6 3,038.7 -1,353.9 -30.8
Liabilities 6,462.7 5,256.6 -1,206.1 -18.7
Equity 5,664.4 6,504.3 839.9 14.8

Cash Flow Statement

($'M) 2020 2021 $ Change % Change
Cash Flow from Operating Activities 1,360.3 2,042.8 682.5 50.2
Cash Flow from Financing Activities -536.7 -1,954.7 -1,417.9 264.2
Cash Flow from Investing Activities -334.9 -386.8 -51.8 15.5
Net Cash Flow 488.6 -298.6 -787.2 -161.1
Foreign Exchange Fluctuations 4.9 -31.8 -36.6 -753.6
Cash at the Beginning of the Period 736.6 1,230.1 493.5 67.0
Cash at the End of the Period 1,230.1 899.8 -330.3 -26.9

Ratio Analysis

Profitability

2020 2021 Change
Gross Profit Margin 116.4% 118.5% 2.1%
Operating Profit Margin 188.1% 178.1% -10.1%
Net Profit Margin 192.1% 184.6% -7.5%

Management Effectiveness

2020 2021 Change
Return on Assets 108.2% 137.4% 29.2%
Return on Equity 231.7% 248.5% 16.8%
Current Ratio 1.2 1.0 -0.2
Debt to Equity Ratio 1.1 0.8 -0.3

Valuation

2020 2021 Change  
Share Price ($) 30.43 38.40 7.97 26.2%
Ordinary Shares 475,176,381 477,918,547 2,742,166 0.6%
Market Capitalisation ($) 14,459,617,274 18,352,072,205 3,892,454,931 26.9%
Revenue per Share ($) 14.38 18.32 3.94 27.4%
Earnings per Share ($) 27.61 33.81 6.20 22.5%
Equity per Share ($) 11.92 13.61 1.69 14.2%
Dividends per Share ($) 0.87 0.89 0.02 2.8%
Dividend Yield 2.9% 2.3% -0.5%  
Price to Sales Ratio 2.1 2.1 0.0 -1.0%
Price to Earnings Ratio 1.1 1.1 0.0 3.1%
Price to Book Ratio 2.6 2.8 0.3 10.5%