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Australian (ASX) Healthcare Sector Analysis

UpdatedNov 09, 2024
DataAggregated Company Financials
Companies139
  • 7D2.6%
  • 3M-0.3%
  • 1Y20.0%
  • YTD5.9%

Over the last 7 days, the Healthcare industry has risen 2.6%, driven by gains from CSL of 1.3%. This means that the industry has gained 20% over the past year. 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
Sun, 10 Nov 2024AU$242.2bAU$67.7bAU$3.2b25.5x76.7x3.6x
Tue, 08 Oct 2024AU$241.5bAU$66.9bAU$3.0b29.5x79.3x3.6x
Thu, 05 Sep 2024AU$240.3bAU$66.3bAU$3.1b26.5x77.8x3.6x
Sat, 03 Aug 2024AU$242.8bAU$63.3bAU$2.7b29.6x90x3.8x
Mon, 01 Jul 2024AU$237.4bAU$62.7bAU$2.6b32.1x90.8x3.8x
Wed, 29 May 2024AU$224.3bAU$61.0bAU$2.6b27.9x85.3x3.7x
Fri, 26 Apr 2024AU$222.5bAU$61.6bAU$2.7b26.7x82.9x3.6x
Sun, 24 Mar 2024AU$222.2bAU$61.8bAU$2.7b26.2x83x3.6x
Tue, 20 Feb 2024AU$221.4bAU$60.5bAU$3.5b25.6x63.7x3.7x
Thu, 18 Jan 2024AU$223.3bAU$60.5bAU$2.9b24.9x78x3.7x
Sat, 16 Dec 2023AU$218.9bAU$60.0bAU$2.8b24.8x78.1x3.6x
Mon, 13 Nov 2023AU$200.5bAU$61.2bAU$3.0b24.5x67.1x3.3x
Wed, 11 Oct 2023AU$201.9bAU$61.1bAU$2.9b25x69.1x3.3x
Fri, 08 Sep 2023AU$208.9bAU$61.4bAU$2.9b25.5x71.7x3.4x
Sun, 06 Aug 2023AU$210.2bAU$58.1bAU$2.9b26.1x71.5x3.6x
Tue, 04 Jul 2023AU$216.3bAU$57.8bAU$2.9b27.6x74.7x3.7x
Thu, 01 Jun 2023AU$230.5bAU$58.3bAU$3.0b25.5x77.6x4x
Sat, 29 Apr 2023AU$230.5bAU$57.5bAU$2.9b29.2x79.1x4x
Mon, 27 Mar 2023AU$220.6bAU$57.3bAU$2.9b27.6x76.5x3.9x
Wed, 22 Feb 2023AU$225.5bAU$56.0bAU$3.2b25x70.6x4x
Fri, 20 Jan 2023AU$224.8bAU$55.4bAU$4.0b26x56.1x4.1x
Sun, 18 Dec 2022AU$219.6bAU$55.9bAU$4.1b25.1x53.7x3.9x
Tue, 15 Nov 2022AU$218.2bAU$55.7bAU$4.1b26.1x53.5x3.9x
Thu, 13 Oct 2022AU$209.0bAU$56.7bAU$4.3b28.3x49.1x3.7x
Sat, 10 Sep 2022AU$225.7bAU$55.4bAU$4.1b25.4x55.2x4.1x
Mon, 08 Aug 2022AU$228.9bAU$54.1bAU$4.9b26.5x47x4.2x
Wed, 06 Jul 2022AU$211.5bAU$54.2bAU$4.9b24.1x43.5x3.9x
Fri, 03 Jun 2022AU$215.1bAU$53.4bAU$4.7b24.6x45.6x4x
Sun, 01 May 2022AU$219.9bAU$57.5bAU$4.8b26.7x45.9x3.8x
Tue, 29 Mar 2022AU$208.9bAU$56.6bAU$4.6b27.5x45.1x3.7x
Thu, 24 Feb 2022AU$214.7bAU$56.8bAU$4.7b26.6x45.3x3.8x
Sat, 22 Jan 2022AU$216.9bAU$55.3bAU$4.6b27.6x46.7x3.9x
Mon, 20 Dec 2021AU$227.0bAU$55.6bAU$4.7b31.4x48.4x4.1x
Wed, 17 Nov 2021AU$238.7bAU$55.6bAU$4.6b30.4x51.9x4.3x
Price to Earnings Ratio

51.9x


Total Market Cap: AU$238.7bTotal Earnings: AU$4.6bTotal Revenue: AU$55.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Sector Price to Earnings3Y Average 66x202220232024
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 77.4x which is higher than its 3-year average PE of 66.0x.
  • 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 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.7% 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 Market2.00%
Healthcare2.55%
Pharma12.74%
Healthtech3.91%
Healthcare Services3.80%
Medical Equipment2.93%
Biotech1.67%
Life Sciences-9.84%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 74.7x.
    • Analysts are expecting annual earnings growth of 26.0%, 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 69% 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
CSL CSLAU$285.291.3%
+AU$1.8b
13.1%PE34.4x
SIG Sigma HealthcareAU$2.5429.6%
+AU$911.6m
255.2%PS1.1x
PME Pro MedicusAU$203.994.2%
+AU$855.8m
139.5%PE257.5x
NEU Neuren PharmaceuticalsAU$16.5735.3%
+AU$552.2m
14.6%PE18.1x
TLX Telix PharmaceuticalsAU$22.997.2%
+AU$515.4m
143.3%PE156.4x
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Latest News

CSL

AU$285.29

CSL

7D

1.3%

1Y

13.1%

EZZ

AU$2.86

EZZ Life Science Holdings

7D

-22.7%

1Y

357.6%

COH

AU$292.92

Cochlear

7D

2.8%

1Y

15.9%

EBR

AU$0.98

EBR Systems

7D

-2.5%

1Y

26.3%

FCG

AU$0.058

Freedom Care Group Holdings

7D

-55.4%

1Y

n/a

TLX

AU$22.99

Telix Pharmaceuticals

7D

7.2%

1Y

143.3%

GSS

AU$0.68

Genetic Signatures

7D

-5.6%

1Y

39.2%

EMV

AU$1.81

EMVision Medical Devices

7D

-7.2%

1Y

10.7%

PME

AU$203.99

Pro Medicus

7D

4.2%

1Y

139.5%

BOT

AU$0.34

Botanix Pharmaceuticals

7D

-1.4%

1Y

134.5%

SIG

AU$2.54

Sigma Healthcare

7D

29.6%

1Y

255.2%

SHL

AU$27.17

Sonic Healthcare

7D

2.0%

1Y

-10.7%

TRJ

AU$1.17

Trajan Group Holdings

7D

-4.9%

1Y

-11.4%