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New Zealand (NZX) Healthcare Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies17
  • 7D0.9%
  • 3M3.2%
  • 1Y-6.8%
  • YTD3.6%

The Healthcare is pretty flat in the last 7 days, but Ryman Healthcare has stood out, gaining 6.8%. Unfortunately though, the industry is down 6.8% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

Has the New Zealand Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024NZ$30.4bNZ$17.3bNZ$1.3b22.6x23.7x1.8x
Tue, 16 Apr 2024NZ$30.0bNZ$17.3bNZ$1.3b24.4x23.3x1.7x
Thu, 14 Mar 2024NZ$28.9bNZ$17.1bNZ$1.3b25.4x22.6x1.7x
Sat, 10 Feb 2024NZ$29.6bNZ$16.4bNZ$1.1b18.5x26.3x1.8x
Mon, 08 Jan 2024NZ$29.4bNZ$16.6bNZ$1.1b23.4x26x1.8x
Wed, 06 Dec 2023NZ$28.5bNZ$16.6bNZ$1.1b23.4x25.2x1.7x
Fri, 03 Nov 2023NZ$27.8bNZ$16.6bNZ$1.1b25.6x25x1.7x
Sun, 01 Oct 2023NZ$27.9bNZ$16.4bNZ$1.1b28.7x25.3x1.7x
Tue, 29 Aug 2023NZ$28.7bNZ$16.5bNZ$1.1b30x26.2x1.7x
Thu, 27 Jul 2023NZ$30.6bNZ$15.8bNZ$1.1b29.2x28.5x1.9x
Sat, 24 Jun 2023NZ$29.7bNZ$15.9bNZ$1.1b29.2x27.6x1.9x
Mon, 22 May 2023NZ$32.4bNZ$15.3bNZ$1.6b18.8x20.5x2.1x
Wed, 19 Apr 2023NZ$31.7bNZ$15.6bNZ$1.6b18.8x20x2x
Fri, 17 Mar 2023NZ$31.0bNZ$15.6bNZ$1.6b18.8x19.6x2x
Sun, 12 Feb 2023NZ$31.5bNZ$14.8bNZ$1.7b18.7x18.5x2.1x
Tue, 10 Jan 2023NZ$29.6bNZ$14.6bNZ$1.7b20x17.4x2x
Thu, 08 Dec 2022NZ$29.8bNZ$14.4bNZ$1.7b21.6x17.6x2.1x
Sat, 05 Nov 2022NZ$27.4bNZ$14.8bNZ$1.9b17.6x14.2x1.8x
Mon, 03 Oct 2022NZ$27.3bNZ$15.4bNZ$1.9b16.7x14.1x1.8x
Wed, 31 Aug 2022NZ$28.8bNZ$15.2bNZ$1.9b17.9x14.9x1.9x
Fri, 29 Jul 2022NZ$29.1bNZ$14.0bNZ$2.1b19.8x14.1x2.1x
Sun, 26 Jun 2022NZ$28.6bNZ$13.9bNZ$2.1b19.3x13.9x2.1x
Tue, 24 May 2022NZ$30.1bNZ$14.2bNZ$2.2b23.1x13.8x2.1x
Thu, 21 Apr 2022NZ$31.7bNZ$14.1bNZ$2.0b24x15.7x2.3x
Sat, 19 Mar 2022NZ$34.0bNZ$13.8bNZ$2.0b24.8x16.9x2.5x
Mon, 14 Feb 2022NZ$35.4bNZ$13.2bNZ$2.0b24.4x18.2x2.7x
Wed, 12 Jan 2022NZ$39.3bNZ$13.1bNZ$1.9b128.8x20.2x3x
Fri, 10 Dec 2021NZ$38.3bNZ$13.0bNZ$1.9b26.2x19.7x2.9x
Sun, 07 Nov 2021NZ$39.4bNZ$12.8bNZ$1.8b28.3x21.3x3.1x
Tue, 05 Oct 2021NZ$39.4bNZ$12.9bNZ$1.9b26.7x21.3x3.1x
Thu, 02 Sep 2021NZ$40.5bNZ$13.0bNZ$1.9b20.1x21.8x3.1x
Sat, 31 Jul 2021NZ$36.7bNZ$13.0bNZ$1.9b20.1x19.8x2.8x
Price to Earnings Ratio

20.8x


Total Market Cap: NZ$35.7bTotal Earnings: NZ$1.7bTotal Revenue: NZ$13.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 20.4x202220232024
Current Industry PE
  • Investors are optimistic on the New Zealander Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.7x which is higher than its 3-year average PE of 20.4x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 9.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare sector?

NZ Market0.062%
Healthcare0.95%
Biotech8.89%
Pharma1.92%
Healthcare Services1.85%
Medical Equipment0.21%
Healthtech0%
Life Sciences0%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 44.4x.
    • Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings growth of 4.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 39% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 5.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RYM Ryman HealthcareNZ$3.926.8%
+NZ$171.3m		-35.3%PE10.7x
EBO EBOS GroupNZ$35.491.8%
+NZ$123.8m		-17.5%PE24.4x
FPH Fisher & Paykel HealthcareNZ$28.910.2%
+NZ$35.0m		7.9%PE64.5x
OCA Oceania HealthcareNZ$0.571.8%
+NZ$7.2m		-25.0%PE10.5x
PEB Pacific EdgeNZ$0.0988.9%
+NZ$6.5m		-78.5%PS3.1x
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Latest News

TAH

NZ$1.49

Third Age Health Services

7D

-6.3%

1Y

n/a

OCA

NZ$0.57

Oceania Healthcare

7D

1.8%

1Y

-25.0%

PEB

NZ$0.098

Pacific Edge

7D

8.9%

1Y

-78.5%

AFT

NZ$2.85

AFT Pharmaceuticals

7D

1.8%

1Y

-18.6%

EBO

NZ$35.49

EBOS Group

7D

1.8%

1Y

-17.5%

RYM

NZ$3.92

Ryman Healthcare

7D

6.8%

1Y

-35.3%

Returns On Capital At Ryman Healthcare (NZSE:RYM) Paint A Concerning Picture

Apr 24
Returns On Capital At Ryman Healthcare (NZSE:RYM) Paint A Concerning Picture

TRU

NZ$0.018

TruScreen Group

7D

5.9%

1Y

-43.8%

MEE

NZ$0.12

Me Today

7D

-9.6%

1Y

-84.8%

FPH

NZ$28.91

Fisher & Paykel Healthcare

7D

0.2%

1Y

7.9%

Is Fisher & Paykel Healthcare (NZSE:FPH) Using Too Much Debt?

Mar 27
Is Fisher & Paykel Healthcare (NZSE:FPH) Using Too Much Debt?

SUM

NZ$9.93

Summerset Group Holdings

7D

-2.6%

1Y

9.5%

RUA

NZ$0.069

Rua Bioscience

7D

-8.0%

1Y

-60.8%

BLT

NZ$0.018

BLIS Technologies

7D

12.5%

1Y

-25.0%