Do Pro Medicus' (ASX:PME) Earnings Warrant Your Attention?
May 02
Australian (ASX) Healthtech Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies21
- 7D0.9%
- 3M7.7%
- 1Y63.7%
- YTDn/a
Over the last 7 days, the Healthtech industry has risen 6.7%, driven by gains from Pro Medicus of 7.3%. In the last 12 months, the industry was up 67%. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Australian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$13.1b | AU$569.9m | -AU$90,601,504.08 | 95.9x | -144.2x | 22.9x |
| Sat, 30 Mar 2024 | AU$12.5b | AU$571.4m | -AU$103,092,316.37 | 91.4x | -121.6x | 21.9x |
| Mon, 26 Feb 2024 | AU$11.9b | AU$547.2m | -AU$122,817,689.07 | 85.9x | -97x | 21.8x |
| Wed, 24 Jan 2024 | AU$12.4b | AU$529.9m | -AU$141,099,188.00 | 106.2x | -87.7x | 23.4x |
| Fri, 22 Dec 2023 | AU$11.6b | AU$525.1m | -AU$106,180,488.00 | 104.6x | -109.4x | 22.1x |
| Sun, 19 Nov 2023 | AU$10.7b | AU$526.1m | -AU$107,809,787.00 | 98.2x | -99.5x | 20.4x |
| Tue, 17 Oct 2023 | AU$10.3b | AU$529.2m | -AU$107,944,324.00 | 93.5x | -95.7x | 19.5x |
| Thu, 14 Sep 2023 | AU$9.2b | AU$529.2m | -AU$113,377,450.00 | 86.7x | -80.7x | 17.3x |
| Sat, 12 Aug 2023 | AU$9.0b | AU$503.0m | -AU$154,104,060.00 | 93.5x | -58.2x | 17.8x |
| Mon, 10 Jul 2023 | AU$8.4b | AU$500.5m | -AU$153,164,093.00 | 90.4x | -54.6x | 16.7x |
| Wed, 07 Jun 2023 | AU$8.2b | AU$498.3m | -AU$151,420,969.00 | 91.8x | -54.1x | 16.4x |
| Fri, 05 May 2023 | AU$8.0b | AU$495.5m | -AU$146,294,654.00 | 89.7x | -54.5x | 16.1x |
| Sun, 02 Apr 2023 | AU$8.1b | AU$493.8m | -AU$145,092,677.00 | 90.4x | -56x | 16.5x |
| Tue, 28 Feb 2023 | AU$7.8b | AU$466.8m | -AU$144,189,249.00 | 72.6x | -54x | 16.7x |
| Thu, 26 Jan 2023 | AU$8.5b | AU$439.4m | -AU$154,847,921.00 | 92x | -54.8x | 19.3x |
| Sat, 24 Dec 2022 | AU$7.4b | AU$445.2m | -AU$156,111,583.00 | 80.1x | -47.1x | 16.5x |
| Mon, 21 Nov 2022 | AU$7.8b | AU$439.6m | -AU$158,037,726.00 | 83.9x | -49.1x | 17.6x |
| Wed, 19 Oct 2022 | AU$7.1b | AU$444.2m | -AU$157,736,526.00 | 77.5x | -45.2x | 16.1x |
| Fri, 16 Sep 2022 | AU$7.2b | AU$435.5m | -AU$155,489,505.00 | 75.5x | -46.6x | 16.6x |
| Sun, 14 Aug 2022 | AU$7.2b | AU$385.1m | -AU$130,117,763.00 | 82.7x | -55.2x | 18.7x |
| Tue, 12 Jul 2022 | AU$6.2b | AU$386.0m | -AU$130,816,771.00 | 72.3x | -47.4x | 16.1x |
| Thu, 09 Jun 2022 | AU$5.9b | AU$383.0m | -AU$131,289,214.00 | 67.6x | -44.8x | 15.4x |
| Sat, 07 May 2022 | AU$6.2b | AU$380.5m | -AU$132,666,739.00 | 70.8x | -47x | 16.4x |
| Mon, 04 Apr 2022 | AU$7.0b | AU$378.2m | -AU$133,670,628.00 | 80.7x | -52.5x | 18.5x |
| Wed, 02 Mar 2022 | AU$6.9b | AU$381.2m | -AU$129,381,484.00 | 78.4x | -53.6x | 18.2x |
| Fri, 28 Jan 2022 | AU$6.5b | AU$300.8m | -AU$137,560,622.00 | 89.3x | -47.1x | 21.6x |
| Sun, 26 Dec 2021 | AU$8.9b | AU$300.0m | -AU$137,104,475.00 | 132.4x | -65.1x | 29.7x |
| Tue, 23 Nov 2021 | AU$9.0b | AU$297.5m | -AU$133,732,528.00 | 134.3x | -67.4x | 30.3x |
| Thu, 21 Oct 2021 | AU$8.3b | AU$295.8m | -AU$133,556,226.00 | 118.1x | -62.5x | 28.2x |
| Sat, 18 Sep 2021 | AU$9.1b | AU$296.7m | -AU$133,346,228.00 | 126.3x | -67.9x | 30.5x |
| Mon, 16 Aug 2021 | AU$8.6b | AU$293.3m | -AU$131,340,378.97 | 116.7x | -65.2x | 29.2x |
| Mon, 31 May 2021 | AU$7.4b | AU$263.5m | -AU$137,977,124.75 | 107.9x | -54x | 28.3x |
Price to Earnings Ratio
-55.2x
Current Industry PE
- Investors are optimistic on the Australian Health Care Technology industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 20.7x is lower than the industry's current PS ratio of 23.4x.
Past Earnings Growth
- The earnings for companies in the Health Care Technology industry have improved over the last three years.
- Revenues for these companies have grown 29% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Australian Healthtech compare with similar industries?
| AU Market | -1.54% | |
| Healthcare | -1.12% | |
| Healthtech | 0.88% | |
| Healthtech | 0.88% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PME Pro Medicus | AU$109.25 | 1.2% +AU$138.9m | 81.3% | PE163.7x | |
| CGS Cogstate | AU$1.40 | 5.7% +AU$12.8m | -7.9% | PE28.2x | |
| 4DX 4DMedical | AU$0.62 | 3.3% +AU$7.8m | -45.4% | PS236.7x | |
| BB1 BlinkLab | AU$0.31 | 10.7% +AU$3.0m | n/a | PB24.7x | |
| BMT Beamtree Holdings | AU$0.18 | 5.9% +AU$2.9m | -39.0% | PS2.1x |