Australian (ASX) Healthcare Services Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 21 Dec 2024	AU$31.1b	AU$36.7b	AU$50.2m	28.6x	619.4x	0.8x
Mon, 18 Nov 2024	AU$31.2b	AU$36.9b	AU$35.3m	28.5x	882.9x	0.8x
Wed, 16 Oct 2024	AU$33.2b	AU$36.9b	AU$35.3m	31.8x	941.3x	0.9x
Fri, 13 Sep 2024	AU$30.3b	AU$36.8b	AU$43.1m	31.6x	703.9x	0.8x
Sun, 11 Aug 2024	AU$29.5b	AU$33.5b	-AU$278,022,128.00	43.2x	-106.1x	0.9x
Tue, 09 Jul 2024	AU$29.3b	AU$33.5b	-AU$278,022,128.00	44.7x	-105.4x	0.9x
Thu, 06 Jun 2024	AU$28.7b	AU$33.5b	-AU$278,022,128.00	42.5x	-103.4x	0.9x
Sat, 04 May 2024	AU$29.8b	AU$31.7b	-AU$280,512,128.00	31.7x	-106.2x	0.9x
Mon, 01 Apr 2024	AU$32.6b	AU$31.7b	-AU$280,512,128.00	35x	-116.4x	1x
Wed, 28 Feb 2024	AU$30.7b	AU$30.8b	-AU$214,097,108.00	25.9x	-143.2x	1x
Fri, 26 Jan 2024	AU$34.2b	AU$32.8b	AU$608.0m	24.9x	56.3x	1x
Sun, 24 Dec 2023	AU$34.4b	AU$32.8b	AU$608.0m	24.2x	56.5x	1x
Tue, 21 Nov 2023	AU$32.2b	AU$32.8b	AU$608.0m	23.8x	52.9x	1x
Thu, 19 Oct 2023	AU$32.7b	AU$32.8b	AU$608.0m	24.6x	53.7x	1x
Sat, 16 Sep 2023	AU$34.0b	AU$33.0b	AU$596.0m	26.3x	57x	1x
Mon, 14 Aug 2023	AU$37.0b	AU$33.0b	AU$1.3b	25.8x	28.3x	1.1x
Wed, 12 Jul 2023	AU$37.0b	AU$33.0b	AU$1.3b	26.1x	28.2x	1.1x
Fri, 09 Jun 2023	AU$37.7b	AU$33.0b	AU$1.3b	25.7x	28.8x	1.1x
Sun, 07 May 2023	AU$38.3b	AU$32.5b	AU$1.3b	26.5x	29.2x	1.2x
Tue, 04 Apr 2023	AU$39.4b	AU$32.5b	AU$1.3b	24.8x	30x	1.2x
Thu, 02 Mar 2023	AU$37.7b	AU$32.4b	AU$1.3b	24.9x	28.9x	1.2x
Sat, 28 Jan 2023	AU$37.7b	AU$33.1b	AU$2.1b	23.3x	17.7x	1.1x
Mon, 26 Dec 2022	AU$36.5b	AU$33.1b	AU$2.1b	24.5x	17.2x	1.1x
Wed, 23 Nov 2022	AU$37.0b	AU$32.8b	AU$2.1b	24.9x	17.4x	1.1x
Fri, 21 Oct 2022	AU$35.2b	AU$32.8b	AU$2.1b	24.9x	16.5x	1.1x
Sun, 18 Sep 2022	AU$37.2b	AU$32.7b	AU$2.1b	24.9x	17.4x	1.1x
Tue, 16 Aug 2022	AU$40.7b	AU$32.1b	AU$2.3b	30x	17.6x	1.3x
Thu, 14 Jul 2022	AU$39.5b	AU$31.9b	AU$2.3b	26.4x	17.5x	1.2x
Sat, 11 Jun 2022	AU$41.7b	AU$31.9b	AU$2.3b	25.8x	18.4x	1.3x
Mon, 09 May 2022	AU$43.9b	AU$31.9b	AU$2.3b	27.5x	19.4x	1.4x
Wed, 06 Apr 2022	AU$41.8b	AU$35.9b	AU$2.3b	31.4x	18.5x	1.2x
Fri, 04 Mar 2022	AU$40.5b	AU$36.0b	AU$2.3b	26.3x	17.3x	1.1x
Sun, 30 Jan 2022	AU$42.2b	AU$34.9b	AU$2.1b	24.5x	20.3x	1.2x
Tue, 28 Dec 2021	AU$49.3b	AU$34.9b	AU$2.1b	25.7x	23.6x	1.4x

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 627x which is higher than its 3-year average PE of 106x.

The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.86x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have declined 71% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, 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 industry?


AU Market	-1.97%
Healthcare	0.33%
Healthcare Services	-3.12%
Managed Healthcare	0%
Healthcare Services	-1.86%
Healthcare Distributors	-3.84%
Healthcare Facilities	-4.61%

Industry PE

Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 11.0x.

Analysts are expecting annual earnings growth of 39.7%, which is higher than its past year's earnings decline of 34.5% 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 35% per year.

In contrast, the Healthcare Services industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

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

Company	Last Price	7D	1Y	Valuation
CAJ Capitol Health	AU$0.39	2.7% +AU$10.7m	83.3%	PS1.7x
MAP Microba Life Sciences	AU$0.18	2.8% +AU$2.2m	0%	PS6.9x
HLA Healthia	AU$1.80	0.3% +AU$702.1k	52.1%	PE46.1x
SLA SILK Laser Australia	AU$3.34	0.3% +AU$531.2k	53.9%	PE24.5x
PSQ Pacific Smiles Group	AU$1.95	0.1% +AU$399.0k	34.7%	PE38.8x

Australian Pharmaceutical Industries Limited completed the acquisition of SILK Laser Australia Limited (ASX:SLA) from Wilson Asset Management (International) Pty Limited and others.

Nov 30

Australian (ASX) Healthcare Services Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor Optimism Abounds Regis Healthcare Limited (ASX:REG) But Growth Is Lacking

Integral Diagnostics Limited Announces Board Appointments

Price target increased by 7.8% to AU$2.01

Pacific Smiles Group Limited Announces Change of Company Secretary

Integral Diagnostics Limited (ASX:IDX) completed the acquisition of Capitol Health Limited (ASX:CAJ).

Sonic Healthcare Limited (ASX:SHL) agreed to acquire LADR Der Laborverbund Dr. Kramer & Kollegen GbR for €423 million.

GM of Asia & Executive Director recently sold AU$7.0m worth of stock

Healius Limited Announces Board Changes, Effective 1 December 2024

Ramsay Health Care Limited to Report Fiscal Year 2025 Results on Aug 28, 2025

Microba Life Sciences Limited to Report Q1, 2025 Results on Oct 29, 2024

Healthia Limited Announces Board Changes

Australian Pharmaceutical Industries Limited completed the acquisition of SILK Laser Australia Limited (ASX:SLA) from Wilson Asset Management (International) Pty Limited and others.