Pakistani (KSE) Healthcare Sector Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies13
- 7D1.6%
- 3M41.0%
- 1Y59.6%
- YTD28.1%
In the last week, the Healthcare industry is up 6.0%, with Abbott Laboratories (Pakistan) up 5.3%. Meanwhile, AGP actually underperformed within the industry, shrinking 5.1% in the last week. In the last 12 months, the industry was up 58%. Earnings are forecast to grow by 38% annually.
Sector Valuation and Performance
Has the Pakistani Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | PK₨242.4b | PK₨263.5b | PK₨10.4b | 15x | 23.2x | 0.9x |
| Sun, 14 Apr 2024 | PK₨206.8b | PK₨257.0b | PK₨8.2b | 19.6x | 25.1x | 0.8x |
| Tue, 12 Mar 2024 | PK₨186.3b | PK₨251.1b | PK₨8.0b | 12.9x | 23.2x | 0.7x |
| Thu, 08 Feb 2024 | PK₨182.7b | PK₨248.2b | PK₨7.9b | 12.8x | 23.2x | 0.7x |
| Sat, 06 Jan 2024 | PK₨187.5b | PK₨248.2b | PK₨7.9b | 13.9x | 23.8x | 0.8x |
| Mon, 04 Dec 2023 | PK₨191.2b | PK₨245.1b | PK₨7.8b | 14.5x | 24.6x | 0.8x |
| Wed, 01 Nov 2023 | PK₨155.5b | PK₨237.4b | PK₨8.2b | 12.3x | 19x | 0.7x |
| Fri, 29 Sep 2023 | PK₨138.3b | PK₨234.0b | PK₨9.9b | 10.8x | 13.9x | 0.6x |
| Sun, 27 Aug 2023 | PK₨147.4b | PK₨230.3b | PK₨10.4b | 11x | 14.1x | 0.6x |
| Tue, 25 Jul 2023 | PK₨156.6b | PK₨230.3b | PK₨10.4b | 12.4x | 15x | 0.7x |
| Thu, 22 Jun 2023 | PK₨138.9b | PK₨230.3b | PK₨10.4b | 10.9x | 13.3x | 0.6x |
| Sat, 20 May 2023 | PK₨155.4b | PK₨218.4b | PK₨14.3b | 11x | 10.8x | 0.7x |
| Mon, 17 Apr 2023 | PK₨152.7b | PK₨217.4b | PK₨15.2b | 9.3x | 10x | 0.7x |
| Wed, 15 Mar 2023 | PK₨159.2b | PK₨214.7b | PK₨16.5b | 9.2x | 9.6x | 0.7x |
| Fri, 10 Feb 2023 | PK₨171.7b | PK₨211.8b | PK₨16.8b | 9.5x | 10.2x | 0.8x |
| Sun, 08 Jan 2023 | PK₨173.4b | PK₨211.8b | PK₨16.8b | 9.9x | 10.3x | 0.8x |
| Tue, 06 Dec 2022 | PK₨195.1b | PK₨210.0b | PK₨16.6b | 10.8x | 11.7x | 0.9x |
| Thu, 03 Nov 2022 | PK₨210.0b | PK₨206.3b | PK₨18.2b | 11.1x | 11.5x | 1x |
| Sat, 01 Oct 2022 | PK₨217.0b | PK₨200.0b | PK₨20.2b | 10.5x | 10.7x | 1.1x |
| Mon, 29 Aug 2022 | PK₨233.5b | PK₨189.9b | PK₨23.3b | 9.8x | 10x | 1.2x |
| Wed, 27 Jul 2022 | PK₨227.2b | PK₨189.9b | PK₨23.3b | 9.6x | 9.8x | 1.2x |
| Fri, 24 Jun 2022 | PK₨233.5b | PK₨188.5b | PK₨23.1b | 9.6x | 10.1x | 1.2x |
| Sun, 22 May 2022 | PK₨230.3b | PK₨184.3b | PK₨22.9b | 9.5x | 10x | 1.2x |
| Tue, 19 Apr 2022 | PK₨258.6b | PK₨183.4b | PK₨23.0b | 11x | 11.3x | 1.4x |
| Thu, 17 Mar 2022 | PK₨250.8b | PK₨181.2b | PK₨21.4b | 11x | 11.7x | 1.4x |
| Sat, 12 Feb 2022 | PK₨265.7b | PK₨180.0b | PK₨21.5b | 12.2x | 12.4x | 1.5x |
| Mon, 10 Jan 2022 | PK₨270.5b | PK₨180.0b | PK₨21.5b | 12.2x | 12.6x | 1.5x |
| Wed, 08 Dec 2021 | PK₨257.6b | PK₨179.9b | PK₨21.5b | 11.8x | 12x | 1.4x |
| Fri, 05 Nov 2021 | PK₨293.7b | PK₨179.9b | PK₨21.5b | 14.1x | 13.7x | 1.6x |
| Sun, 03 Oct 2021 | PK₨290.4b | PK₨172.1b | PK₨19.9b | 16.1x | 14.6x | 1.7x |
| Tue, 31 Aug 2021 | PK₨309.3b | PK₨170.6b | PK₨19.1b | 17.9x | 16.2x | 1.8x |
| Wed, 07 Jul 2021 | PK₨305.0b | PK₨165.4b | PK₨18.9b | 16.8x | 16.2x | 1.8x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are optimistic on the Pakistani 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 14.5x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.94x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 Pakistani Healthcare sector?
| PK Market | 2.61% | |
| Healthcare | 1.62% | |
| Healthcare Services | 3.69% | |
| Pharma | 1.60% | |
| Medical Equipment | 0% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Life Sciences | -1.56% | |
Industry PE
- Investors are most optimistic about the Life Sciences industry, which is trading close to its 3-year average PE ratio of 52.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 14.6x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 2.1% per year.
- In contrast, the Pharma industry is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|
| ABOT Abbott Laboratories (Pakistan) | PK₨668.49 | 5.3% +PK₨3.3b | 71.4% | PE32.7x | |
| HINOON Highnoon Laboratories | PK₨670.34 | 2.6% +PK₨883.2m | 85.2% | PE14.5x | |
| GLAXO GlaxoSmithKline Pakistan | PK₨135.85 | 2.0% +PK₨850.3m | 61.7% | PE81x | |
| HPL Hoechst Pakistan | PK₨1.43k | 6.2% +PK₨810.6m | 106.3% | PE13.1x | |
| SHFA Shifa International Hospitals | PK₨140.00 | 6.1% +PK₨505.7m | 15.7% | PE8.4x |