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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 09 Oct 2024 | AU$32.6b | AU$36.9b | AU$35.3m | 30.7x | 923.3x | 0.9x |
| Fri, 06 Sep 2024 | AU$30.2b | AU$36.0b | AU$47.5m | 31.2x | 635.5x | 0.8x |
| Sun, 04 Aug 2024 | AU$29.9b | AU$33.5b | -AU$278,022,128.00 | 47x | -107.6x | 0.9x |
| Tue, 02 Jul 2024 | AU$29.2b | AU$33.5b | -AU$278,022,128.00 | 45.5x | -105x | 0.9x |
| Thu, 30 May 2024 | AU$27.8b | AU$31.7b | -AU$280,512,128.00 | 28.6x | -99.3x | 0.9x |
| Sat, 27 Apr 2024 | AU$29.9b | AU$31.7b | -AU$280,512,128.00 | 32x | -106.6x | 0.9x |
| Mon, 25 Mar 2024 | AU$31.6b | AU$31.8b | -AU$270,491,128.00 | 34.6x | -116.7x | 1x |
| Wed, 21 Feb 2024 | AU$32.8b | AU$31.4b | AU$615.3m | 24.9x | 53.3x | 1x |
| Fri, 19 Jan 2024 | AU$33.2b | AU$32.8b | AU$608.0m | 24.5x | 54.5x | 1x |
| Sun, 17 Dec 2023 | AU$33.8b | AU$32.8b | AU$608.0m | 24.5x | 55.6x | 1x |
| Tue, 14 Nov 2023 | AU$33.5b | AU$32.8b | AU$608.0m | 23.5x | 55.1x | 1x |
| Thu, 12 Oct 2023 | AU$33.2b | AU$32.8b | AU$608.0m | 25.5x | 54.7x | 1x |
| Sat, 09 Sep 2023 | AU$33.5b | AU$33.0b | AU$596.0m | 26.4x | 56.2x | 1x |
| Mon, 07 Aug 2023 | AU$36.9b | AU$33.0b | AU$1.3b | 26x | 28.1x | 1.1x |
| Wed, 05 Jul 2023 | AU$37.6b | AU$33.0b | AU$1.3b | 25.7x | 28.7x | 1.1x |
| Fri, 02 Jun 2023 | AU$37.5b | AU$33.0b | AU$1.3b | 25.6x | 28.6x | 1.1x |
| Sun, 30 Apr 2023 | AU$39.1b | AU$32.5b | AU$1.3b | 27.2x | 29.8x | 1.2x |
| Tue, 28 Mar 2023 | AU$38.8b | AU$32.5b | AU$1.3b | 24.3x | 29.6x | 1.2x |
| Thu, 23 Feb 2023 | AU$38.0b | AU$32.3b | AU$1.6b | 24.5x | 24.2x | 1.2x |
| Sat, 21 Jan 2023 | AU$37.8b | AU$33.1b | AU$2.1b | 22.8x | 17.8x | 1.1x |
| Mon, 19 Dec 2022 | AU$36.8b | AU$33.1b | AU$2.1b | 24.9x | 17.3x | 1.1x |
| Wed, 16 Nov 2022 | AU$37.7b | AU$32.8b | AU$2.1b | 24.9x | 17.7x | 1.1x |
| Fri, 14 Oct 2022 | AU$34.7b | AU$32.8b | AU$2.1b | 24.9x | 16.3x | 1.1x |
| Sun, 11 Sep 2022 | AU$39.6b | AU$32.7b | AU$2.1b | 24.9x | 18.5x | 1.2x |
| Tue, 09 Aug 2022 | AU$41.5b | AU$31.9b | AU$2.3b | 31x | 18.3x | 1.3x |
| Thu, 07 Jul 2022 | AU$39.7b | AU$31.9b | AU$2.3b | 26.3x | 17.5x | 1.2x |
| Sat, 04 Jun 2022 | AU$42.7b | AU$31.9b | AU$2.3b | 25.6x | 18.9x | 1.3x |
| Mon, 02 May 2022 | AU$46.1b | AU$35.9b | AU$2.3b | 31.6x | 20.4x | 1.3x |
| Wed, 30 Mar 2022 | AU$42.1b | AU$35.9b | AU$2.3b | 30x | 18x | 1.2x |
| Fri, 25 Feb 2022 | AU$41.8b | AU$35.6b | AU$2.3b | 26.2x | 17.8x | 1.2x |
| Sun, 23 Jan 2022 | AU$43.7b | AU$34.9b | AU$2.1b | 25.7x | 21x | 1.3x |
| Tue, 21 Dec 2021 | AU$47.5b | AU$34.9b | AU$2.1b | 25x | 22.8x | 1.4x |
| Thu, 18 Nov 2021 | AU$44.5b | AU$35.3b | AU$2.1b | 27.1x | 21.5x | 1.3x |
| Sat, 16 Oct 2021 | AU$44.4b | AU$35.2b | AU$2.1b | 25.4x | 21.6x | 1.3x |
Price to Earnings Ratio
21.6x
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% | |
| Healthcare | 0.79% | |
| Healthcare Services | 1.33% | |
| Healthcare Distributors | 10.89% | |
| Healthcare Facilities | 1.54% | |
| Managed Healthcare | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SIG Sigma Healthcare | AU$2.00 | 13.3% +AU$369.3m | 194.1% | PS0.9x | |
| RHC Ramsay Health Care | AU$42.58 | 1.6% +AU$149.0m | -17.2% | PE38.4x | |
| REG Regis Healthcare | AU$6.43 | 3.0% +AU$57.2m | 149.2% | PS1.9x | |
| PGC Paragon Care | AU$0.47 | 2.2% +AU$16.6m | n/a | PE93.8x | |
| RHY Rhythm Biosciences | AU$0.10 | 53.8% +AU$8.7m | -67.2% | PS14.7x |
