Do IHH Healthcare Berhad's (KLSE:IHH) Earnings Warrant Your Attention?
May 28
Malaysian (KLSE) Healthcare Sector Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies29
- 7D-4.2%
- 3M7.8%
- 1Y12.2%
- YTD8.1%
Over the last 7 days, the Healthcare industry has dropped 3.5%, driven by a pullback from Hartalega Holdings Berhad of 11%. On the other hand Y.S.P. Southeast Asia Holding Berhad is actually up 15%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 16% per annum.
Sector Valuation and Performance
Has the Malaysian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | RM100.2b | RM35.1b | RM3.0b | 22.4x | 33.4x | 2.9x |
| Sat, 27 Apr 2024 | RM97.1b | RM35.0b | RM2.6b | 21.5x | 37.9x | 2.8x |
| Mon, 25 Mar 2024 | RM93.7b | RM35.0b | RM2.6b | 21.9x | 36.5x | 2.7x |
| Wed, 21 Feb 2024 | RM94.0b | RM35.5b | RM1.8b | 19.3x | 52.5x | 2.6x |
| Fri, 19 Jan 2024 | RM92.0b | RM35.5b | RM1.7b | 22.7x | 53.8x | 2.6x |
| Sun, 17 Dec 2023 | RM91.4b | RM35.7b | RM1.6b | 23x | 57.2x | 2.6x |
| Tue, 14 Nov 2023 | RM86.1b | RM33.5b | RM1.3b | 24.4x | 68.8x | 2.6x |
| Thu, 12 Oct 2023 | RM84.7b | RM33.7b | RM1.2b | 23.6x | 68.1x | 2.5x |
| Sat, 09 Sep 2023 | RM85.1b | RM34.2b | RM1.6b | 23.8x | 51.6x | 2.5x |
| Mon, 07 Aug 2023 | RM87.5b | RM34.4b | RM1.9b | 22x | 46.7x | 2.5x |
| Wed, 05 Jul 2023 | RM83.8b | RM34.6b | RM2.0b | 21.3x | 42.5x | 2.4x |
| Fri, 02 Jun 2023 | RM87.3b | RM36.6b | RM2.1b | 21.1x | 41.6x | 2.4x |
| Sun, 30 Apr 2023 | RM84.0b | RM35.5b | RM1.5b | 19.9x | 56.3x | 2.4x |
| Tue, 28 Mar 2023 | RM84.8b | RM35.5b | RM1.5b | 21.1x | 56.9x | 2.4x |
| Thu, 23 Feb 2023 | RM84.5b | RM40.4b | RM2.6b | 18.6x | 32.2x | 2.1x |
| Sat, 21 Jan 2023 | RM84.3b | RM41.6b | RM3.3b | 18.9x | 25.7x | 2x |
| Mon, 19 Dec 2022 | RM81.0b | RM41.6b | RM3.3b | 19x | 24.6x | 1.9x |
| Wed, 16 Nov 2022 | RM85.9b | RM44.7b | RM4.6b | 19.4x | 18.6x | 1.9x |
| Fri, 14 Oct 2022 | RM78.5b | RM46.9b | RM6.0b | 12x | 13x | 1.7x |
| Sun, 11 Sep 2022 | RM85.0b | RM47.9b | RM6.5b | 12.1x | 13x | 1.8x |
| Tue, 09 Aug 2022 | RM94.1b | RM52.7b | RM9.5b | 14.2x | 9.9x | 1.8x |
| Thu, 07 Jul 2022 | RM92.1b | RM54.3b | RM10.6b | 13.5x | 8.7x | 1.7x |
| Sat, 04 Jun 2022 | RM99.3b | RM56.8b | RM12.5b | 13.8x | 8x | 1.7x |
| Mon, 02 May 2022 | RM107.0b | RM59.2b | RM14.8b | 14x | 7.2x | 1.8x |
| Wed, 30 Mar 2022 | RM106.2b | RM60.8b | RM15.7b | 12.9x | 6.7x | 1.7x |
| Fri, 25 Feb 2022 | RM107.5b | RM65.3b | RM18.6b | 16.4x | 5.8x | 1.6x |
| Sun, 23 Jan 2022 | RM115.5b | RM66.7b | RM20.6b | 15.6x | 5.6x | 1.7x |
| Tue, 21 Dec 2021 | RM114.4b | RM66.7b | RM20.6b | 15.2x | 5.6x | 1.7x |
| Thu, 18 Nov 2021 | RM119.7b | RM67.2b | RM22.7b | 20.9x | 5.3x | 1.8x |
| Sat, 16 Oct 2021 | RM127.3b | RM66.3b | RM22.3b | 21.1x | 5.7x | 1.9x |
| Mon, 13 Sep 2021 | RM132.1b | RM64.6b | RM21.7b | 24.4x | 6.1x | 2x |
| Wed, 11 Aug 2021 | RM135.0b | RM65.6b | RM22.3b | 24.7x | 6.1x | 2.1x |
| Sun, 06 Jun 2021 | RM154.4b | RM57.6b | RM18.1b | 23.4x | 8.5x | 2.7x |
Price to Earnings Ratio
8.5x
Current Industry PE
- Investors are optimistic on the Malaysian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.1x which is higher than its 3-year average PE of 27.8x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 45% per year over the last three years,
- Revenues have also declined 15% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Healthcare sector?
| MY Market | -1.00% | |
| Healthcare | -4.17% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Pharma | -0.97% | |
| Healthcare Services | -1.73% | |
| Life Sciences | -2.38% | |
| Medical Equipment | -10.00% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 29.0x.
- Analysts are expecting annual earnings decline of 7.7%, which is lower than the prior year's growth of 4.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 62% per year.
- In contrast, the Pharma industry is expected to see its earnings decline by 15% 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 | |
|---|---|---|---|---|---|
| YSPSAH Y.S.P. Southeast Asia Holding Berhad | RM2.98 | 14.6% +RM53.9m | 18.3% | PE10.5x | |
| PHARMA Pharmaniaga Berhad | RM0.34 | 6.3% +RM28.8m | -4.2% | PS0.1x |