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Australian (ASX) Healthcare Services Industry Analysis

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies17
  • 7D1.3%
  • 3M6.4%
  • 1Y-0.9%
  • YTD-5.2%

In the last week, the Healthcare Services industry is up 3.8%, with Sigma Healthcare up 13%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Oct 2024AU$32.6bAU$36.9bAU$35.3m30.7x923.3x0.9x
Fri, 06 Sep 2024AU$30.2bAU$36.0bAU$47.5m31.2x635.5x0.8x
Sun, 04 Aug 2024AU$29.9bAU$33.5b-AU$278,022,128.0047x-107.6x0.9x
Tue, 02 Jul 2024AU$29.2bAU$33.5b-AU$278,022,128.0045.5x-105x0.9x
Thu, 30 May 2024AU$27.8bAU$31.7b-AU$280,512,128.0028.6x-99.3x0.9x
Sat, 27 Apr 2024AU$29.9bAU$31.7b-AU$280,512,128.0032x-106.6x0.9x
Mon, 25 Mar 2024AU$31.6bAU$31.8b-AU$270,491,128.0034.6x-116.7x1x
Wed, 21 Feb 2024AU$32.8bAU$31.4bAU$615.3m24.9x53.3x1x
Fri, 19 Jan 2024AU$33.2bAU$32.8bAU$608.0m24.5x54.5x1x
Sun, 17 Dec 2023AU$33.8bAU$32.8bAU$608.0m24.5x55.6x1x
Tue, 14 Nov 2023AU$33.5bAU$32.8bAU$608.0m23.5x55.1x1x
Thu, 12 Oct 2023AU$33.2bAU$32.8bAU$608.0m25.5x54.7x1x
Sat, 09 Sep 2023AU$33.5bAU$33.0bAU$596.0m26.4x56.2x1x
Mon, 07 Aug 2023AU$36.9bAU$33.0bAU$1.3b26x28.1x1.1x
Wed, 05 Jul 2023AU$37.6bAU$33.0bAU$1.3b25.7x28.7x1.1x
Fri, 02 Jun 2023AU$37.5bAU$33.0bAU$1.3b25.6x28.6x1.1x
Sun, 30 Apr 2023AU$39.1bAU$32.5bAU$1.3b27.2x29.8x1.2x
Tue, 28 Mar 2023AU$38.8bAU$32.5bAU$1.3b24.3x29.6x1.2x
Thu, 23 Feb 2023AU$38.0bAU$32.3bAU$1.6b24.5x24.2x1.2x
Sat, 21 Jan 2023AU$37.8bAU$33.1bAU$2.1b22.8x17.8x1.1x
Mon, 19 Dec 2022AU$36.8bAU$33.1bAU$2.1b24.9x17.3x1.1x
Wed, 16 Nov 2022AU$37.7bAU$32.8bAU$2.1b24.9x17.7x1.1x
Fri, 14 Oct 2022AU$34.7bAU$32.8bAU$2.1b24.9x16.3x1.1x
Sun, 11 Sep 2022AU$39.6bAU$32.7bAU$2.1b24.9x18.5x1.2x
Tue, 09 Aug 2022AU$41.5bAU$31.9bAU$2.3b31x18.3x1.3x
Thu, 07 Jul 2022AU$39.7bAU$31.9bAU$2.3b26.3x17.5x1.2x
Sat, 04 Jun 2022AU$42.7bAU$31.9bAU$2.3b25.6x18.9x1.3x
Mon, 02 May 2022AU$46.1bAU$35.9bAU$2.3b31.6x20.4x1.3x
Wed, 30 Mar 2022AU$42.1bAU$35.9bAU$2.3b30x18x1.2x
Fri, 25 Feb 2022AU$41.8bAU$35.6bAU$2.3b26.2x17.8x1.2x
Sun, 23 Jan 2022AU$43.7bAU$34.9bAU$2.1b25.7x21x1.3x
Tue, 21 Dec 2021AU$47.5bAU$34.9bAU$2.1b25x22.8x1.4x
Thu, 18 Nov 2021AU$44.5bAU$35.3bAU$2.1b27.1x21.5x1.3x
Sat, 16 Oct 2021AU$44.4bAU$35.2bAU$2.1b25.4x21.6x1.3x
Price to Earnings Ratio

21.6x


Total Market Cap: AU$44.4bTotal Earnings: AU$2.1bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Services Industry Price to Earnings3Y Average 48.5x202220232024
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 928x which is higher than its 3-year average PE of 48.5x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 74% 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-0.46%
Healthcare0.79%
Healthcare Services1.33%
Healthcare Distributors10.89%
Healthcare Facilities1.54%
Managed Healthcare0%
Healthcare Services-0.90%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 47.4%, 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 47% 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 22% 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
SIG Sigma HealthcareAU$2.0013.3%
+AU$369.3m
194.1%PS0.9x
RHC Ramsay Health CareAU$42.581.6%
+AU$149.0m
-17.2%PE38.4x
REG Regis HealthcareAU$6.433.0%
+AU$57.2m
149.2%PS1.9x
PGC Paragon CareAU$0.472.2%
+AU$16.6m
n/aPE93.8x
RHY Rhythm BiosciencesAU$0.1053.8%
+AU$8.7m
-67.2%PS14.7x
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AHX

AU$0.45

Apiam Animal Health

7D

-1.1%

1Y

25.4%

FCG

AU$0.14

Freedom Care Group Holdings

7D

7.4%

1Y

n/a

CAJ

AU$0.36

Capitol Health

7D

1.4%

1Y

69.8%

SIG

AU$2.00

Sigma Healthcare

7D

13.3%

1Y

194.1%

SHL

AU$26.86

Sonic Healthcare

7D

-0.7%

1Y

-10.2%

HLS

AU$1.70

Healius

7D

-4.8%

1Y

-23.3%

REG

AU$6.43

Regis Healthcare

7D

3.0%

1Y

149.2%

MVF

AU$1.21

Monash IVF Group

7D

-3.6%

1Y

-5.1%

ACL

AU$3.67

Australian Clinical Labs

7D

-2.7%

1Y

33.0%

RHY

AU$0.10

Rhythm Biosciences

7D

53.8%

1Y

-67.2%

IDX

AU$3.01

Integral Diagnostics

7D

1.0%

1Y

7.1%

IIQ

AU$0.47

INOVIQ

7D

-2.1%

1Y

-16.8%