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Australian (ASX) Healthcare Services Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies21
  • 7D1.2%
  • 3M-6.9%
  • 1Y-16.4%
  • YTD-22.4%

The Healthcare Services industry is up 1.2% in the last week, with Ramsay Health Care up 2.2%. Meanwhile, Healius actually underperformed within the industry, shrinking 13% in the last week. In the past year, the industry is down 16%. Earnings are forecast to grow by 5.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022AU$37.8bAU$33.1bAU$2.1b24.9x17.8x1.1x
Sat, 29 Oct 2022AU$36.3bAU$32.8bAU$2.1b24.9x17.1x1.1x
Mon, 26 Sep 2022AU$35.8bAU$32.7bAU$2.1b24.9x16.7x1.1x
Wed, 24 Aug 2022AU$40.4bAU$32.1bAU$2.3b29.7x17.5x1.3x
Fri, 22 Jul 2022AU$40.6bAU$31.9bAU$2.3b26.3x17.9x1.3x
Sun, 19 Jun 2022AU$39.1bAU$31.9bAU$2.3b24.9x17.3x1.2x
Tue, 17 May 2022AU$43.7bAU$31.9bAU$2.3b25.9x19.3x1.4x
Thu, 14 Apr 2022AU$41.8bAU$35.9bAU$2.3b27.3x18.5x1.2x
Sat, 12 Mar 2022AU$40.1bAU$36.0bAU$2.3b25.7x17x1.1x
Mon, 07 Feb 2022AU$43.3bAU$34.9bAU$2.1b25.4x20.8x1.2x
Wed, 05 Jan 2022AU$49.7bAU$34.9bAU$2.1b25.9x23.9x1.4x
Fri, 03 Dec 2021AU$46.3bAU$35.3bAU$2.1b24.9x22.4x1.3x
Sun, 31 Oct 2021AU$45.7bAU$35.3bAU$2.1b27.4x22.1x1.3x
Tue, 28 Sep 2021AU$46.3bAU$35.2bAU$2.1b26x22.5x1.3x
Thu, 26 Aug 2021AU$46.6bAU$35.1bAU$2.1b24.2x22.7x1.3x
Fri, 02 Jul 2021AU$42.6bAU$35.1bAU$2.1b24.9x20.8x1.2x
Mon, 05 Apr 2021AU$40.9bAU$33.4bAU$1.4b23.1x28.4x1.2x
Thu, 07 Jan 2021AU$37.4bAU$32.4bAU$851.2m24.5x43.9x1.2x
Wed, 30 Sep 2020AU$37.5bAU$31.6bAU$616.5m25.3x60.9x1.2x
Sat, 04 Jul 2020AU$35.9bAU$31.0bAU$436.8m26.4x82.1x1.2x
Tue, 07 Apr 2020AU$28.0bAU$31.2bAU$968.9m16.4x28.9x0.9x
Fri, 10 Jan 2020AU$35.3bAU$31.6bAU$1.5b18.5x24.3x1.1x
Price to Earnings Ratio

25.4x


Total Market Cap: AU$36.5bTotal Earnings: AU$1.4bTotal Revenue: AU$30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Services Industry Price to Earnings3Y Average 33.1x202020212022
Current Industry PE
  • Investors are pessimistic on the Australian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.8x which is lower than its 3-year average PE of 33.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market0.51%
Healthcare0.71%
Healthcare Services1.15%
Healthcare Distributors3.32%
Healthcare Facilities2.04%
Healthcare Services0.28%
Managed Healthcare0%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 4.2x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings decline of 27.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 40% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings decline by 14% 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
RHC Ramsay Health CareAU$65.842.2%
+AU$328.0m
-1.2%PE56.7x
MAP Microba Life SciencesAU$0.3373.7%
+AU$38.4m
n/aPS19.3x
RHY Rhythm BiosciencesAU$1.2011.1%
+AU$26.1m
-29.4%PS107.4x
SHL Sonic HealthcareAU$31.800.09%
+AU$14.3m
-26.3%PE10.4x
IDX Integral DiagnosticsAU$2.762.2%
+AU$14.0m
-41.2%PE44x
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MAP

AU$0.33

Microba Life Sciences

7D

73.7%

1Y

n/a

RHY

AU$1.20

Rhythm Biosciences

7D

11.1%

1Y

-29.4%

HLS

AU$2.92

Healius

7D

-12.3%

1Y

-38.3%

EHE

AU$2.12

Estia Health

7D

1.4%

1Y

-1.4%

HLA

AU$1.17

Healthia

7D

-8.6%

1Y

-44.3%

ACL

AU$3.36

Australian Clinical Labs

7D

-1.5%

1Y

-22.4%

CAJ

AU$0.32

Capitol Health

7D

3.2%

1Y

-9.9%

RHC

AU$65.84

Ramsay Health Care

7D

2.2%

1Y

-1.2%

AHX

AU$0.70

Apiam Animal Health

7D

-0.7%

1Y

-22.7%

IIQ

AU$0.65

INOVIQ

7D

20.4%

1Y

-42.0%

IDX

AU$2.76

Integral Diagnostics

7D

2.2%

1Y

-41.2%