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Australian (ASX) Healthcare Sector Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies138
  • 7D-0.2%
  • 3M0.8%
  • 1Y7.3%
  • YTD-0.2%

Over the last 7 days, the Healthcare industry has dropped 2.4%, driven by CSL declining 1.9%. On the other hand Telix Pharmaceuticals is actually up 8.7%. This takes the industry's 12 month performance to a gain of 7.3%. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

Has the Australian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025AU$245.4bAU$69.0bAU$3.4b26.2x72.4x3.6x
Thu, 19 Dec 2024AU$246.8bAU$68.5bAU$3.3b26.2x74.1x3.6x
Sat, 16 Nov 2024AU$236.7bAU$68.1bAU$3.2b24.3x73.5x3.5x
Mon, 14 Oct 2024AU$245.1bAU$67.0bAU$3.1b26.3x80.1x3.7x
Wed, 11 Sep 2024AU$239.6bAU$67.2bAU$3.1b26.4x76.7x3.6x
Fri, 09 Aug 2024AU$238.2bAU$63.1bAU$2.7b28.7x89.1x3.8x
Sun, 07 Jul 2024AU$237.2bAU$62.4bAU$2.6b33.1x92.3x3.8x
Tue, 04 Jun 2024AU$225.2bAU$61.0bAU$2.6b28.3x85.2x3.7x
Thu, 02 May 2024AU$220.0bAU$61.6bAU$2.7b27.3x81.9x3.6x
Sat, 30 Mar 2024AU$228.9bAU$61.6bAU$2.7b27.2x85.9x3.7x
Mon, 26 Feb 2024AU$224.2bAU$61.0bAU$3.2b27.2x69.6x3.7x
Wed, 24 Jan 2024AU$229.0bAU$60.5bAU$2.9b25x80.3x3.8x
Fri, 22 Dec 2023AU$222.0bAU$59.9bAU$2.8b24.9x79.7x3.7x
Sun, 19 Nov 2023AU$203.5bAU$60.7bAU$2.9b24.5x70x3.4x
Tue, 17 Oct 2023AU$194.7bAU$61.5bAU$3.0b24.9x65.4x3.2x
Thu, 14 Sep 2023AU$209.2bAU$61.2bAU$2.9b26.4x72.3x3.4x
Sat, 12 Aug 2023AU$210.4bAU$58.2bAU$3.0b25.9x71.2x3.6x
Mon, 10 Jul 2023AU$209.6bAU$57.7bAU$2.9b28.3x72.7x3.6x
Wed, 07 Jun 2023AU$231.3bAU$57.8bAU$2.9b25.9x79.8x4x
Fri, 05 May 2023AU$229.4bAU$57.2bAU$2.9b28x79.9x4x
Sun, 02 Apr 2023AU$222.7bAU$57.2bAU$2.9b27.6x77.8x3.9x
Tue, 28 Feb 2023AU$225.2bAU$57.2bAU$3.1b23.4x71.7x3.9x
Thu, 26 Jan 2023AU$225.8bAU$54.9bAU$3.9b24.9x57.9x4.1x
Sat, 24 Dec 2022AU$217.4bAU$55.9bAU$4.1b25x53.2x3.9x
Mon, 21 Nov 2022AU$222.4bAU$55.7bAU$4.1b25.9x54.5x4x
Wed, 19 Oct 2022AU$210.0bAU$56.9bAU$4.3b27.3x49.2x3.7x
Fri, 16 Sep 2022AU$217.8bAU$55.4bAU$4.1b28.2x53.3x3.9x
Sun, 14 Aug 2022AU$225.2bAU$53.7bAU$4.8b27.6x46.8x4.2x
Tue, 12 Jul 2022AU$216.7bAU$54.1bAU$4.9b23.5x44.6x4x
Thu, 09 Jun 2022AU$208.3bAU$53.3bAU$4.7b24.7x44.2x3.9x
Sat, 07 May 2022AU$212.5bAU$53.5bAU$4.8b26.1x44.4x4x
Mon, 04 Apr 2022AU$212.1bAU$56.6bAU$4.6b28.9x46.4x3.8x
Wed, 02 Mar 2022AU$211.5bAU$57.3bAU$4.6b26.5x45.5x3.7x
Fri, 28 Jan 2022AU$203.5bAU$55.6bAU$4.7b26.3x43.4x3.7x
Price to Earnings Ratio

43.4x


Total Market Cap: AU$203.5bTotal Earnings: AU$4.7bTotal Revenue: AU$55.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Sector Price to Earnings3Y Average 67.6x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 71.9x which is higher than its 3-year average PE of 67.6x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Australian Healthcare sector?

AU Market1.86%
Healthcare-0.22%
Medical Equipment2.95%
Healthtech1.87%
Pharma1.48%
Healthcare Services0.16%
Biotech-1.34%
Life Sciences-4.03%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 123x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings decline of 25.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life Sciences industry, expecting annual earnings growth of 68% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Biotech 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?

CompanyLast Price7D1YValuation
TLX Telix PharmaceuticalsAU$26.108.7%
+AU$696.2m
135.1%PE177.6x
PME Pro MedicusAU$258.291.7%
+AU$447.3m
157.6%PE326x
COH CochlearAU$308.932.2%
+AU$437.7m
3.3%PE56.7x
MSB MesoblastAU$2.78-1.1%
AU$256.8m
892.9%PS369.3x
NEU Neuren PharmaceuticalsAU$12.908.9%
+AU$133.4m
-44.5%PE14x
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MSB

AU$2.78

Mesoblast

7D

-1.1%

1Y

892.9%

BOT

AU$0.46

Botanix Pharmaceuticals

7D

-6.1%

1Y

170.6%

TLX

AU$26.10

Telix Pharmaceuticals

7D

8.7%

1Y

135.1%

PME

AU$258.29

Pro Medicus

7D

1.7%

1Y

157.6%

PNV

AU$2.20

PolyNovo

7D

8.4%

1Y

26.4%

SDI

AU$0.99

SDI

7D

-12.9%

1Y

32.7%

OPT

AU$0.85

Opthea

7D

13.3%

1Y

66.7%

SIG

AU$2.85

Sigma Healthcare

7D

-3.4%

1Y

198.4%

ANN

AU$34.50

Ansell

7D

2.4%

1Y

45.7%

OCC

AU$1.28

Orthocell

7D

-6.9%

1Y

212.2%

PYC

AU$1.14

PYC Therapeutics

7D

-6.2%

1Y

37.3%

IMU

AU$0.041

Imugene

7D

-4.7%

1Y

-59.0%

ACL

AU$3.35

Australian Clinical Labs

7D

-2.6%

1Y

10.6%