Raffles Medical Group (SGX:BSL) Is Reducing Its Dividend To SGD0.024
May 09
Singaporean (SGX) Healthcare Services Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies21
- 7D-1.9%
- 3M-3.2%
- 1Y-18.9%
- YTD-11.8%
Last week, the Healthcare Services industry hasn't moved much but Singapore Institute of Advanced Medicine Holdings is up 4.0% in that time. Unfortunately though, the industry is down 18% over the past 12 months. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Singaporean Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | S$4.7b | S$1.9b | S$127.6m | 15.7x | 37.2x | 2.5x |
| Fri, 26 Apr 2024 | S$4.7b | S$1.9b | S$127.7m | 16x | 37.2x | 2.5x |
| Sun, 24 Mar 2024 | S$4.8b | S$1.9b | S$181.7m | 14.5x | 26.4x | 2.5x |
| Tue, 20 Feb 2024 | S$5.0b | S$1.9b | S$215.1m | 14.7x | 23.1x | 2.6x |
| Thu, 18 Jan 2024 | S$5.5b | S$2.3b | S$271.3m | 14.8x | 20.2x | 2.4x |
| Sat, 16 Dec 2023 | S$5.7b | S$2.3b | S$269.9m | 16x | 21.2x | 2.5x |
| Mon, 13 Nov 2023 | S$5.5b | S$2.2b | S$272.3m | 16.2x | 20.2x | 2.5x |
| Wed, 11 Oct 2023 | S$5.9b | S$2.2b | S$269.3m | 17.7x | 22x | 2.7x |
| Fri, 08 Sep 2023 | S$6.1b | S$2.2b | S$269.3m | 18.1x | 22.7x | 2.7x |
| Sun, 06 Aug 2023 | S$6.4b | S$2.2b | S$299.3m | 17.8x | 21.3x | 2.9x |
| Tue, 04 Jul 2023 | S$6.5b | S$2.2b | S$306.4m | 17.8x | 21.2x | 2.9x |
| Thu, 01 Jun 2023 | S$6.2b | S$2.2b | S$309.3m | 16.8x | 20x | 2.8x |
| Sat, 29 Apr 2023 | S$6.5b | S$2.3b | S$294.9m | 16.8x | 22.2x | 2.9x |
| Mon, 27 Mar 2023 | S$6.5b | S$2.2b | S$295.2m | 16.8x | 22.1x | 2.9x |
| Wed, 22 Feb 2023 | S$6.7b | S$2.2b | S$267.5m | 18.3x | 25.1x | 3.1x |
| Fri, 20 Jan 2023 | S$6.8b | S$2.1b | S$258.5m | 19.2x | 26.3x | 3.2x |
| Sun, 18 Dec 2022 | S$6.8b | S$2.1b | S$261.0m | 18.5x | 25.9x | 3.2x |
| Tue, 15 Nov 2022 | S$6.9b | S$2.1b | S$262.4m | 17.7x | 26.2x | 3.2x |
| Thu, 13 Oct 2022 | S$6.6b | S$2.1b | S$267.0m | 16.1x | 24.8x | 3.1x |
| Sat, 10 Sep 2022 | S$7.1b | S$2.1b | S$267.0m | 16.2x | 26.6x | 3.4x |
| Mon, 08 Aug 2022 | S$7.1b | S$2.0b | S$234.1m | 18.2x | 30.1x | 3.5x |
| Wed, 06 Jul 2022 | S$6.5b | S$2.0b | S$319.7m | 16x | 20.2x | 3.3x |
| Fri, 03 Jun 2022 | S$6.7b | S$2.0b | S$323.2m | 16x | 20.8x | 3.4x |
| Sun, 01 May 2022 | S$6.8b | S$1.9b | S$310.8m | 16.4x | 21.8x | 3.5x |
| Tue, 29 Mar 2022 | S$6.8b | S$2.0b | S$309.9m | 16.7x | 21.9x | 3.5x |
| Thu, 24 Feb 2022 | S$7.0b | S$1.9b | S$298.2m | 17.6x | 23.5x | 3.7x |
| Sat, 22 Jan 2022 | S$7.3b | S$1.8b | S$200.9m | 17.1x | 36.2x | 4x |
| Mon, 20 Dec 2021 | S$7.3b | S$1.8b | S$201.2m | 17.7x | 36.2x | 4x |
| Wed, 17 Nov 2021 | S$7.5b | S$1.8b | S$200.6m | 17.2x | 37.2x | 4.1x |
| Fri, 15 Oct 2021 | S$7.9b | S$1.8b | S$198.7m | 17.7x | 39.9x | 4.4x |
| Sun, 12 Sep 2021 | S$7.5b | S$1.8b | S$198.8m | 18.5x | 37.5x | 4.2x |
| Tue, 10 Aug 2021 | S$7.8b | S$1.8b | S$198.2m | 19.3x | 39.4x | 4.4x |
Price to Earnings Ratio
94.2x
Current Industry PE
- Investors are optimistic on the Singaporean Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 37.6x which is higher than its 3-year average PE of 28.6x.
- The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 4.5% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Healthcare industry?
| SG Market | 0.60% | |
| Healthcare | -0.88% | |
| Healthcare Services | -1.88% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -1.08% | |
| Healthcare Services | -1.50% | |
| Healthcare Facilities | -1.99% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 16.4%, which is higher than its past year's earnings decline of 5.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 5.9% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow 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 | |
|---|---|---|---|---|---|
| 9G2 Singapore Institute of Advanced Medicine Holdings | S$0.10 | 4.0% +S$4.2m | n/a | PS6.7x | |
| MIJ Alliance Healthcare Group | S$0.14 | 4.7% +S$1.2m | -5.6% | PE22.4x | |
| FRQ Singapore Paincare Holdings | S$0.16 | 4.6% +S$1.2m | -16.7% | PS1.1x |
