Swedish translation: ja, eller kanske konservativ överkurs
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
15:53 May 9, 2002
English to Swedish translations [PRO] Bus/Financial / fonder
English term or phrase:defensive premium
The median medtech company trades at 24x 2002 EPS and 20x 2003 EPS. This represents roughly a 20 percent premium to the S&P, which is in-line with historical averages. On average the group should be able to deliver low teens growth over the next year. In light of the general negative earnings revision trends for the market this premium looks warranted at the moment. However, multiples and growth rates vary greatly between subsectors and companies. Companies such as J, B and S are now trading at around 30x 2002 EPS which will limit near term potential despite great underlying fundamentals. Undoubtedly, many med-tech multiples have benefited from a defensive premium as market conditions have deteriorated, in particular as Major Pharma companies have disappointed.