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Has the Australian Healthcare Services Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||AU$45.5b||AU$35.3b||AU$2.1b||25.9x|
|Fri, 29 Oct 2021||AU$46.2b||AU$35.3b||AU$2.1b||27.6x|
|Sun, 26 Sep 2021||AU$45.8b||AU$35.2b||AU$2.1b||25.8x|
|Tue, 24 Aug 2021||AU$46.1b||AU$35.1b||AU$2.1b||23.6x|
|Wed, 30 Jun 2021||AU$42.6b||AU$35.1b||AU$2.1b||24.9x|
|Sat, 03 Apr 2021||AU$40.9b||AU$33.4b||AU$1.4b||23.1x|
|Tue, 05 Jan 2021||AU$37.4b||AU$32.4b||AU$851.2m||24.5x|
|Fri, 09 Oct 2020||AU$37.5b||AU$31.6b||AU$616.5m||25.3x|
|Thu, 02 Jul 2020||AU$35.9b||AU$31.0b||AU$436.8m||26.4x|
|Sun, 05 Apr 2020||AU$28.0b||AU$31.2b||AU$968.9m||16.4x|
|Wed, 08 Jan 2020||AU$35.3b||AU$31.6b||AU$1.5b||18.5x|
|Tue, 01 Oct 2019||AU$33.7b||AU$31.1b||AU$1.5b||19.1x|
|Fri, 05 Jul 2019||AU$34.3b||AU$30.3b||AU$1.4b||16.9x|
|Mon, 08 Apr 2019||AU$31.4b||AU$29.5b||AU$1.3b||17.8x|
|Thu, 10 Jan 2019||AU$28.7b||AU$28.4b||AU$1.1b||15.2x|
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.
Which industries have driven the changes within the Australian Healthcare Services industry?
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.
Which companies have driven the market over the last 7 days?
Pacific Smiles Group
Quantum Health Group
BARD1 Life Sciences
Ramsay Health Care