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Australian (ASX) Healthcare Services Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies27
  • 7D0.1%
  • 3M-2.2%
  • 1Y18.4%
  • YTD18.8%

Over the last 7 days, the Healthcare Services industry has remained flat, although notably Sonic Healthcare gained 3.3%. As for the the longer term, the industry is up 18% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021AU$45.5bAU$35.3bAU$2.1b25.9x
Fri, 29 Oct 2021AU$46.2bAU$35.3bAU$2.1b27.6x
Sun, 26 Sep 2021AU$45.8bAU$35.2bAU$2.1b25.8x
Tue, 24 Aug 2021AU$46.1bAU$35.1bAU$2.1b23.6x
Wed, 30 Jun 2021AU$42.6bAU$35.1bAU$2.1b24.9x
Sat, 03 Apr 2021AU$40.9bAU$33.4bAU$1.4b23.1x
Tue, 05 Jan 2021AU$37.4bAU$32.4bAU$851.2m24.5x
Fri, 09 Oct 2020AU$37.5bAU$31.6bAU$616.5m25.3x
Thu, 02 Jul 2020AU$35.9bAU$31.0bAU$436.8m26.4x
Sun, 05 Apr 2020AU$28.0bAU$31.2bAU$968.9m16.4x
Wed, 08 Jan 2020AU$35.3bAU$31.6bAU$1.5b18.5x
Tue, 01 Oct 2019AU$33.7bAU$31.1bAU$1.5b19.1x
Fri, 05 Jul 2019AU$34.3bAU$30.3bAU$1.4b16.9x
Mon, 08 Apr 2019AU$31.4bAU$29.5bAU$1.3b17.8x
Thu, 10 Jan 2019AU$28.7bAU$28.4bAU$1.1b15.2x
PE Ratio

15.9x

Total Market Cap: AU$27.3bTotal Earnings: AU$1.1bTotal Revenue: AU$27.8b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 21.4x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Healthcare industry have grown 22% per year over the last three years, and revenues for these companies have grown 8.3% 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 Services industry?

Healthcare Services2.31%
Healthcare Distributors-1.57%
Healthcare Facilities-2.72%

Industry PE: Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 24.6x. However analysts are expecting annual earnings decline of 12%, which is lower than the prior year's growth of 46% per year. So the market might believe that analysts are underestimating future growth or they expect the Healthcare Services industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 13.4x.

Forecasted Growth: Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 36% over the next 5 years. This is better than it's past earnings growth rate of 25% per year. Meanwhile, the Healthcare Services industry is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
SHL Sonic Healthcare3.3%+AU$647.5m28.5%n/a
RHY Rhythm Biosciences5.8%+AU$20.9m200.8%n/a
EMD Emyria8.2%+AU$18.1m475.0%n/a
BD1 BARD1 Life Sciences9.5%+AU$9.3m74.2%n/a
PGC Paragon Care5.3%+AU$5.3m25.0%n/a
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EMD

AU$0.46

Emyria

7D

8.2%

1Y

475.0%

HLS

AU$4.83

Healius

7D

-0.6%

1Y

31.3%