Returns Are Gaining Momentum At Sonic Healthcare (ASX:SHL)
May 24
Australian (ASX) Healthcare Services Industry Analysis
UpdatedJun 02, 2023
DataAggregated Company Financials
Companies13
- 7D0.8%
- 3M8.7%
- 1Y-6.7%
- YTD15.3%
In the last week, the Healthcare Services industry is up 1.2%, with Sonic Healthcare up 1.3%. However, the industry is down 9.2% over the past year. Looking forward, earnings are forecast to grow by 8.8% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 02 Jun 2023 | AU$20.8b | AU$12.5b | AU$1.1b | 23.4x | 19.1x | 1.7x |
| Sun, 30 Apr 2023 | AU$20.8b | AU$12.5b | AU$1.1b | 22.3x | 19x | 1.7x |
| Tue, 28 Mar 2023 | AU$20.6b | AU$12.5b | AU$1.1b | 17.1x | 18.9x | 1.7x |
| Thu, 23 Feb 2023 | AU$19.7b | AU$12.9b | AU$1.4b | 15.5x | 14.4x | 1.5x |
| Sat, 21 Jan 2023 | AU$19.3b | AU$13.7b | AU$1.9b | 14.6x | 10.1x | 1.4x |
| Mon, 19 Dec 2022 | AU$18.6b | AU$13.7b | AU$1.9b | 15.3x | 9.7x | 1.4x |
| Wed, 16 Nov 2022 | AU$20.2b | AU$13.7b | AU$1.9b | 18.3x | 10.6x | 1.5x |
| Fri, 14 Oct 2022 | AU$18.6b | AU$13.7b | AU$1.9b | 16x | 9.7x | 1.4x |
| Sun, 11 Sep 2022 | AU$20.2b | AU$13.7b | AU$1.9b | 20x | 10.5x | 1.5x |
| Tue, 09 Aug 2022 | AU$21.8b | AU$13.2b | AU$1.8b | 26.4x | 11.9x | 1.6x |
| Thu, 07 Jul 2022 | AU$20.4b | AU$13.1b | AU$1.8b | 21.7x | 11.2x | 1.6x |
| Sat, 04 Jun 2022 | AU$21.9b | AU$13.1b | AU$1.8b | 23.6x | 12x | 1.7x |
| Mon, 02 May 2022 | AU$23.2b | AU$13.1b | AU$1.8b | 24.8x | 12.7x | 1.8x |
| Wed, 30 Mar 2022 | AU$22.7b | AU$13.1b | AU$1.8b | 27.1x | 12.3x | 1.7x |
| Fri, 25 Feb 2022 | AU$22.4b | AU$12.9b | AU$1.8b | 24.5x | 12.7x | 1.7x |
| Sun, 23 Jan 2022 | AU$24.5b | AU$12.1b | AU$1.5b | 27.6x | 16.7x | 2x |
| Tue, 21 Dec 2021 | AU$27.6b | AU$12.1b | AU$1.5b | 30.6x | 18.8x | 2.3x |
| Thu, 18 Nov 2021 | AU$24.5b | AU$12.1b | AU$1.5b | 30.8x | 16.7x | 2x |
| Sat, 16 Oct 2021 | AU$24.5b | AU$12.1b | AU$1.5b | 30.5x | 16.8x | 2x |
| Mon, 13 Sep 2021 | AU$26.0b | AU$12.1b | AU$1.5b | 28.8x | 17.8x | 2.1x |
| Wed, 11 Aug 2021 | AU$25.6b | AU$12.1b | AU$1.5b | 33.2x | 17.5x | 2.1x |
| Sun, 06 Jun 2021 | AU$22.0b | AU$11.4b | AU$1.3b | 29.7x | 16.8x | 1.9x |
| Wed, 10 Mar 2021 | AU$19.8b | AU$10.4b | AU$1.1b | 22.6x | 18.8x | 1.9x |
| Tue, 01 Dec 2020 | AU$19.6b | AU$9.7b | AU$833.9m | 23.5x | 23.5x | 2x |
| Fri, 04 Sep 2020 | AU$18.8b | AU$9.1b | AU$612.4m | 28.9x | 30.6x | 2.1x |
| Mon, 08 Jun 2020 | AU$16.1b | AU$8.8b | AU$682.7m | 25x | 23.5x | 1.8x |
Price to Earnings Ratio
23.5x
Current Industry PE
- Investors are optimistic on the Australian Healthcare Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.0x which is higher than its 3-year average PE of 17.1x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Healthcare Services compare with similar industries?
| AU Market | -0.37% | |
| Healthcare | 1.03% | |
| Healthcare Services | 0.52% | |
| Healthcare Services | 0.77% | |
| Healthcare Distributors | 0.83% | |
| Healthcare Facilities | 0.18% | |
| Managed Healthcare | 0% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SHL Sonic Healthcare | AU$35.44 | 1.3% +AU$216.2m | -0.8% | PE16.4x | |
| RHY Rhythm Biosciences | AU$0.44 | 12.8% +AU$11.3m | -62.4% | PS35.5x | |
| AHX Apiam Animal Health | AU$0.53 | 10.5% +AU$9.0m | -29.1% | PE16.3x |