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May 06
Australian (ASX) Healthcare Services Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies16
- 7D-0.3%
- 3M-4.7%
- 1Y-18.5%
- YTD-8.0%
Over the last 7 days, the Healthcare Services industry has remained flat, although notably Healius gained 7.1%. Unfortunately though, the industry is down 18% over the past 12 months. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Australian Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$30.3b | AU$31.7b | -AU$280,512,128.00 | 32.2x | -107.9x | 1x |
| Fri, 05 Apr 2024 | AU$31.8b | AU$31.7b | -AU$280,512,128.00 | 34.3x | -113.3x | 1x |
| Sun, 03 Mar 2024 | AU$31.4b | AU$31.8b | -AU$270,491,128.00 | 31.7x | -116.2x | 1x |
| Tue, 30 Jan 2024 | AU$34.4b | AU$32.8b | AU$608.0m | 24.9x | 56.5x | 1x |
| Thu, 28 Dec 2023 | AU$34.6b | AU$32.8b | AU$608.0m | 24.3x | 56.9x | 1.1x |
| Sat, 25 Nov 2023 | AU$31.3b | AU$32.8b | AU$608.0m | 24.5x | 51.4x | 1x |
| Mon, 23 Oct 2023 | AU$32.3b | AU$32.8b | AU$608.0m | 24.6x | 53.1x | 1x |
| Wed, 20 Sep 2023 | AU$33.5b | AU$33.0b | AU$596.0m | 25.8x | 56.3x | 1x |
| Fri, 18 Aug 2023 | AU$35.5b | AU$32.5b | AU$981.1m | 26.1x | 36.2x | 1.1x |
| Sun, 16 Jul 2023 | AU$37.5b | AU$33.0b | AU$1.3b | 26.6x | 28.6x | 1.1x |
| Tue, 13 Jun 2023 | AU$37.6b | AU$33.0b | AU$1.3b | 25.5x | 28.7x | 1.1x |
| Thu, 11 May 2023 | AU$38.4b | AU$32.5b | AU$1.3b | 25.9x | 29.3x | 1.2x |
| Sat, 08 Apr 2023 | AU$40.3b | AU$32.5b | AU$1.3b | 24.8x | 30.7x | 1.2x |
| Mon, 06 Mar 2023 | AU$37.9b | AU$32.4b | AU$1.3b | 24.9x | 29.1x | 1.2x |
| Wed, 01 Feb 2023 | AU$37.8b | AU$33.1b | AU$2.1b | 23.3x | 17.8x | 1.1x |
| Fri, 30 Dec 2022 | AU$36.4b | AU$33.1b | AU$2.1b | 24.5x | 17.1x | 1.1x |
| Sun, 27 Nov 2022 | AU$37.7b | AU$33.1b | AU$2.1b | 24.9x | 17.7x | 1.1x |
| Tue, 25 Oct 2022 | AU$35.0b | AU$32.8b | AU$2.1b | 24.9x | 16.5x | 1.1x |
| Thu, 22 Sep 2022 | AU$36.4b | AU$32.7b | AU$2.1b | 24.9x | 17x | 1.1x |
| Sat, 20 Aug 2022 | AU$41.3b | AU$32.1b | AU$2.3b | 29.1x | 17.9x | 1.3x |
| Mon, 18 Jul 2022 | AU$39.9b | AU$31.9b | AU$2.3b | 26.5x | 17.6x | 1.3x |
| Wed, 15 Jun 2022 | AU$40.7b | AU$31.9b | AU$2.3b | 25.8x | 18x | 1.3x |
| Fri, 13 May 2022 | AU$42.9b | AU$31.9b | AU$2.3b | 25.9x | 19x | 1.3x |
| Sun, 10 Apr 2022 | AU$41.6b | AU$35.9b | AU$2.3b | 28.8x | 18.4x | 1.2x |
| Tue, 08 Mar 2022 | AU$39.4b | AU$36.0b | AU$2.3b | 26x | 16.8x | 1.1x |
| Thu, 03 Feb 2022 | AU$43.4b | AU$34.9b | AU$2.1b | 25.8x | 20.8x | 1.2x |
| Sat, 01 Jan 2022 | AU$49.9b | AU$34.9b | AU$2.1b | 25.6x | 23.9x | 1.4x |
| Mon, 29 Nov 2021 | AU$45.5b | AU$35.3b | AU$2.1b | 25.9x | 22x | 1.3x |
| Wed, 27 Oct 2021 | AU$45.6b | AU$35.2b | AU$2.1b | 24.9x | 22.2x | 1.3x |
| Fri, 24 Sep 2021 | AU$46.5b | AU$35.2b | AU$2.1b | 26.2x | 22.6x | 1.3x |
| Sun, 22 Aug 2021 | AU$46.1b | AU$35.1b | AU$2.1b | 23x | 22.4x | 1.3x |
| Fri, 09 Jul 2021 | AU$42.6b | AU$35.1b | AU$2.1b | 24.9x | 20.8x | 1.2x |
Price to Earnings Ratio
27x
Current Industry PE
- Investors are pessimistic on the Australian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.96x.
Past Earnings Growth
- Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 1.62% | |
| Healthcare | 1.02% | |
| Healthcare Services | -0.28% | |
| Healthcare Distributors | 2.03% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -0.041% | |
| Healthcare Facilities | -0.96% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 11.8%, which is lower than the prior year's growth of 107.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings decline of 54% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| SHL Sonic Healthcare | AU$26.56 | 0.8% +AU$100.9m | -25.5% | PE25.3x | |
| HLS Healius | AU$1.28 | 11.3% +AU$94.4m | -58.0% | PS0.5x | |
| REG Regis Healthcare | AU$4.09 | 7.6% +AU$87.3m | 78.6% | PS1.4x | |
| SIG Sigma Healthcare | AU$1.30 | 3.2% +AU$62.8m | 86.3% | PE451.1x | |
| RHC Ramsay Health Care | AU$51.20 | 0.2% +AU$27.5m | -16.1% | PE53.1x |
