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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedMay 18, 2024
DataAggregated Company Financials
Companies9
  • 7D1.8%
  • 3M-12.5%
  • 1Y-19.0%
  • YTD-12.4%

The Healthcare Services industry is up 1.8% in the last week, with Ryman Healthcare up 6.8%. In the past year, the industry is down 19%. Earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 May 2024NZ$13.1bNZ$15.4bNZ$1.1b10.7x12.2x0.8x
Mon, 15 Apr 2024NZ$13.9bNZ$15.4bNZ$1.1b12.3x12.9x0.9x
Wed, 13 Mar 2024NZ$14.2bNZ$15.2bNZ$1.1b12.7x13.3x0.9x
Fri, 09 Feb 2024NZ$14.9bNZ$14.6bNZ$896.4m13.9x16.7x1x
Sun, 07 Jan 2024NZ$14.9bNZ$14.7bNZ$898.6m15.8x16.5x1x
Tue, 05 Dec 2023NZ$14.4bNZ$14.7bNZ$898.2m14.8x16x1x
Thu, 02 Nov 2023NZ$14.5bNZ$14.8bNZ$885.5m22.9x16.3x1x
Sat, 30 Sep 2023NZ$14.7bNZ$14.6bNZ$880.6m20.4x16.7x1x
Mon, 28 Aug 2023NZ$15.3bNZ$14.7bNZ$878.9m21.3x17.4x1x
Wed, 26 Jul 2023NZ$15.9bNZ$14.1bNZ$859.4m23.4x18.4x1.1x
Fri, 23 Jun 2023NZ$15.3bNZ$14.2bNZ$860.7m22.6x17.8x1.1x
Sun, 21 May 2023NZ$16.0bNZ$13.7bNZ$1.4b15.5x11.8x1.2x
Tue, 18 Apr 2023NZ$15.6bNZ$14.0bNZ$1.4b14.7x11.5x1.1x
Thu, 16 Mar 2023NZ$15.4bNZ$13.8bNZ$1.4b14.9x11.4x1.1x
Sat, 11 Feb 2023NZ$15.4bNZ$13.1bNZ$1.5b17.7x10.4x1.2x
Mon, 09 Jan 2023NZ$15.1bNZ$13.0bNZ$1.5b16.1x10.3x1.2x
Wed, 07 Dec 2022NZ$15.2bNZ$12.8bNZ$1.5b17.2x10.3x1.2x
Fri, 04 Nov 2022NZ$15.3bNZ$13.1bNZ$1.6b9.5x9.7x1.2x
Sun, 02 Oct 2022NZ$15.7bNZ$13.5bNZ$1.6b10.6x9.9x1.2x
Tue, 30 Aug 2022NZ$16.1bNZ$13.4bNZ$1.6b11.3x10.2x1.2x
Thu, 28 Jul 2022NZ$15.8bNZ$12.2bNZ$1.7b10.6x9.3x1.3x
Sat, 25 Jun 2022NZ$16.1bNZ$12.1bNZ$1.7b11.2x9.5x1.3x
Mon, 23 May 2022NZ$17.0bNZ$11.5bNZ$1.6b16x10.6x1.5x
Wed, 20 Apr 2022NZ$17.1bNZ$11.9bNZ$1.5b9.1x11.3x1.4x
Fri, 18 Mar 2022NZ$16.5bNZ$11.7bNZ$1.5b9.6x10.9x1.4x
Sun, 13 Feb 2022NZ$17.2bNZ$11.1bNZ$1.4b9.9x11.9x1.6x
Tue, 11 Jan 2022NZ$19.3bNZ$11.0bNZ$1.4b16.7x13.3x1.8x
Thu, 09 Dec 2021NZ$17.2bNZ$10.9bNZ$1.4b25.7x11.9x1.6x
Sat, 06 Nov 2021NZ$18.8bNZ$10.7bNZ$1.3b16.9x14x1.7x
Mon, 04 Oct 2021NZ$19.3bNZ$10.8bNZ$1.3b17.6x14.3x1.8x
Wed, 01 Sep 2021NZ$19.6bNZ$10.9bNZ$1.3b14.5x14.5x1.8x
Thu, 08 Jul 2021NZ$17.3bNZ$10.9bNZ$1.3b12.8x12.8x1.6x
Price to Earnings Ratio

14x


Total Market Cap: NZ$17.0bTotal Earnings: NZ$1.2bTotal Revenue: NZ$11.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 13x202220232024
Current Industry PE
  • Investors are relatively neutral on the New Zealander Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.0x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.85x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 4.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 industry?

NZ Market0.062%
Healthcare0.95%
Healthcare Services1.85%
Healthcare Facilities1.89%
Healthcare Distributors1.82%
Managed Healthcare0%
Healthcare Services-6.29%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 32.7x.
    • Analysts are expecting annual earnings growth of 5.9%, which is lower than the prior year's growth of 10.5% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 9.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 5.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 10% per year.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 5.0% 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%PE24.5x
OCA Oceania HealthcareNZ$0.571.8%
+NZ$7.2m		-25.0%PE10.5x
RAD Radius Residential CareNZ$0.120.8%
+NZ$284.9k		-48.3%PS0.2x
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Latest News

TAH

NZ$1.49

Third Age Health Services

7D

-6.3%

1Y

n/a

RAD

NZ$0.12

Radius Residential Care

7D

0.8%

1Y

-48.3%

OCA

NZ$0.57

Oceania Healthcare

7D

1.8%

1Y

-25.0%

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

MEE

NZ$0.12

Me Today

7D

-9.6%

1Y

-84.8%

SUM

NZ$9.93

Summerset Group Holdings

7D

-2.6%

1Y

9.5%