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Australian (ASX) Healthcare Sector Analysis

UpdatedDec 01, 2023
DataAggregated Company Financials
Companies156
  • 7D2.1%
  • 3M-2.0%
  • 1Y-8.8%
  • YTD-3.4%

The Healthcare industry is up 2.1% in the last week, with CSL up 1.8%. In the past year, the industry is down 8.8%. 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
Fri, 01 Dec 2023AU$206.3bAU$60.4bAU$2.9b24.8x72.2x3.4x
Sun, 29 Oct 2023AU$186.6bAU$61.3bAU$3.0b24.3x62.1x3x
Tue, 26 Sep 2023AU$200.3bAU$61.0bAU$2.9b24.6x69.1x3.3x
Thu, 24 Aug 2023AU$208.8bAU$60.6bAU$2.8b26x73.5x3.4x
Sat, 22 Jul 2023AU$212.2bAU$57.5bAU$2.9b27x74.3x3.7x
Mon, 19 Jun 2023AU$217.6bAU$57.1bAU$2.8b25.7x77.5x3.8x
Wed, 17 May 2023AU$231.3bAU$57.7bAU$2.9b27.4x80.5x4x
Fri, 14 Apr 2023AU$232.1bAU$57.0bAU$2.9b28.6x81.4x4.1x
Sun, 12 Mar 2023AU$220.3bAU$57.4bAU$2.9b25.1x75.9x3.8x
Tue, 07 Feb 2023AU$232.8bAU$55.3bAU$4.0b24.9x58.8x4.2x
Thu, 05 Jan 2023AU$216.0bAU$55.4bAU$4.0b25.1x53.9x3.9x
Sat, 03 Dec 2022AU$227.8bAU$55.6bAU$4.0b26.5x56.4x4.1x
Mon, 31 Oct 2022AU$209.7bAU$56.5bAU$4.2b27x49.8x3.7x
Wed, 28 Sep 2022AU$211.9bAU$56.2bAU$4.2b25.6x50.3x3.8x
Fri, 26 Aug 2022AU$223.7bAU$54.4bAU$4.6b32x48.9x4.1x
Sun, 24 Jul 2022AU$223.2bAU$53.9bAU$4.8b24.1x46.3x4.1x
Tue, 21 Jun 2022AU$200.2bAU$54.0bAU$4.8b24.1x41.3x3.7x
Thu, 19 May 2022AU$214.7bAU$53.8bAU$4.8b25.5x44.7x4x
Sat, 16 Apr 2022AU$211.8bAU$56.7bAU$4.7b27.7x45.5x3.7x
Mon, 14 Mar 2022AU$204.0bAU$57.1bAU$4.7b24.3x43.2x3.6x
Wed, 09 Feb 2022AU$210.4bAU$55.7bAU$4.7b28.9x44.7x3.8x
Fri, 07 Jan 2022AU$240.3bAU$55.4bAU$4.6b14.8x51.7x4.3x
Sun, 05 Dec 2021AU$231.4bAU$56.4bAU$4.7b30.2x48.8x4.1x
Tue, 02 Nov 2021AU$238.5bAU$55.2bAU$4.5b29.6x52.8x4.3x
Thu, 30 Sep 2021AU$227.4bAU$55.8bAU$4.6b30.4x49.3x4.1x
Sat, 28 Aug 2021AU$240.8bAU$55.1bAU$4.5b29.8x53.7x4.4x
Sun, 04 Jul 2021AU$226.8bAU$55.1bAU$4.5b30.7x50.2x4.1x
Wed, 07 Apr 2021AU$208.7bAU$52.5bAU$3.8b23.1x54.5x4x
Sat, 09 Jan 2021AU$211.4bAU$50.7bAU$3.1b31.9x68.2x4.2x
Price to Earnings Ratio

76.6x


Total Market Cap: AU$219.5bTotal Earnings: AU$2.9bTotal Revenue: AU$50.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Sector Price to Earnings3Y Average 58.2x202120222023
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 72.2x which is higher than its 3-year average PE of 58.2x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.2% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Australian Healthcare sector?

AU Market0.80%
Healthcare2.13%
Medical Equipment4.30%
Pharma4.23%
Biotech2.03%
Healthcare Services1.07%
Healthtech0.79%
Life Sciences0.69%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 95.9x.
    • Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings decline of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life Sciences industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Pharma industry is expected to see its earnings grow by 13% 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$262.861.8%
+AU$2.3b
-12.9%PE38.2x
COH CochlearAU$272.295.2%
+AU$881.9m
26.4%PE59.3x
SHL Sonic HealthcareAU$29.122.0%
+AU$277.1m
-9.5%PE20.2x
TLX Telix PharmaceuticalsAU$9.915.8%
+AU$174.9m
33.9%PS9x
HLS HealiusAU$1.5922.3%
+AU$165.3m
-47.5%PS0.5x
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Latest News

HLS

AU$1.59

Healius

7D

22.3%

1Y

-47.5%

TLX

AU$9.91

Telix Pharmaceuticals

7D

5.8%

1Y

33.9%

CSL

AU$262.86

CSL

7D

1.8%

1Y

-12.9%

PYC

AU$0.11

PYC Therapeutics

7D

37.5%

1Y

53.8%

ACL

AU$2.55

Australian Clinical Labs

7D

-1.9%

1Y

-20.1%

VIT

AU$0.29

Vitura Health

7D

-6.3%

1Y

-56.6%

RAC

AU$0.85

Race Oncology

7D

-11.9%

1Y

-63.7%

NEU

AU$16.09

Neuren Pharmaceuticals

7D

8.0%

1Y

116.6%

IMU

AU$0.10

Imugene

7D

19.0%

1Y

-45.9%

NXS

AU$0.23

Next Science

7D

-13.0%

1Y

-66.4%

CGS

AU$1.44

Cogstate

7D

-6.2%

1Y

-22.2%

RHC

AU$48.59

Ramsay Health Care

7D

-1.9%

1Y

-26.5%