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Australian (ASX) Healthcare Services Industry Analysis

UpdatedJun 21, 2024
DataAggregated Company Financials
Companies11
  • 7D6.0%
  • 3M-3.5%
  • 1Y-26.6%
  • YTDn/a

Over the last 7 days, the Healthcare Services industry has risen 6.0%, driven by gains from Sonic Healthcare of 5.8%. During this same period, the INOVIQ underperformed, falling 5.7%. In contrast, the industry has lost 27% in the last 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Jun 2024AU$15.6bAU$11.7b-AU$546,405,128.0029.8x-28.6x1.3x
Sun, 19 May 2024AU$15.3bAU$11.7b-AU$546,405,128.0027.6x-27.9x1.3x
Tue, 16 Apr 2024AU$15.3bAU$11.7b-AU$546,405,128.0028.6x-27.9x1.3x
Thu, 14 Mar 2024AU$16.0bAU$11.7b-AU$546,405,128.0030.2x-29.3x1.4x
Sat, 10 Feb 2024AU$17.6bAU$11.4bAU$326.9m20.6x53.8x1.5x
Mon, 08 Jan 2024AU$17.9bAU$11.8bAU$325.1m23.3x55.2x1.5x
Wed, 06 Dec 2023AU$16.7bAU$11.8bAU$325.1m21.7x51.3x1.4x
Fri, 03 Nov 2023AU$17.0bAU$11.8bAU$325.1m22.3x52.2x1.4x
Sun, 01 Oct 2023AU$17.7bAU$11.8bAU$325.9m25.5x54.2x1.5x
Tue, 29 Aug 2023AU$18.9bAU$11.9bAU$725.0m24.2x26.1x1.6x
Thu, 27 Jul 2023AU$20.5bAU$12.5bAU$1.1b24.3x18.8x1.6x
Sat, 24 Jun 2023AU$20.4bAU$12.5bAU$1.1b20.8x18.7x1.6x
Mon, 22 May 2023AU$21.2bAU$12.5bAU$1.1b22x19.4x1.7x
Wed, 19 Apr 2023AU$21.0bAU$12.5bAU$1.1b16.7x19.2x1.7x
Fri, 17 Mar 2023AU$20.4bAU$12.5bAU$1.1b17.4x18.7x1.6x
Sun, 12 Feb 2023AU$17.6bAU$13.7bAU$1.9b14.3x9.2x1.3x
Tue, 10 Jan 2023AU$18.7bAU$13.7bAU$1.9b14.9x9.8x1.4x
Thu, 08 Dec 2022AU$18.8bAU$13.7bAU$1.9b16.2x9.8x1.4x
Sat, 05 Nov 2022AU$19.7bAU$13.7bAU$1.9b17.9x10.3x1.4x
Mon, 03 Oct 2022AU$19.1bAU$13.7bAU$1.9b17x10x1.4x
Wed, 31 Aug 2022AU$21.4bAU$13.2bAU$1.9b30.4x11.5x1.6x
Fri, 29 Jul 2022AU$20.9bAU$13.1bAU$1.8b20.6x11.4x1.6x
Sun, 26 Jun 2022AU$20.4bAU$13.1bAU$1.8b20.6x11.1x1.5x
Tue, 24 May 2022AU$23.0bAU$13.1bAU$1.8b25.9x12.6x1.8x
Thu, 21 Apr 2022AU$23.2bAU$13.1bAU$1.8b25.6x12.7x1.8x
Sat, 19 Mar 2022AU$22.4bAU$13.1bAU$1.8b27.5x12.2x1.7x
Mon, 14 Feb 2022AU$23.4bAU$12.1bAU$1.5b26.4x16x1.9x
Wed, 12 Jan 2022AU$27.5bAU$12.1bAU$1.5b30.5x18.8x2.3x
Fri, 10 Dec 2021AU$27.2bAU$12.1bAU$1.5b30.4x18.6x2.2x
Sun, 07 Nov 2021AU$25.8bAU$12.1bAU$1.5b28.7x17.6x2.1x
Tue, 05 Oct 2021AU$24.9bAU$12.1bAU$1.5b32.2x17x2.1x
Thu, 02 Sep 2021AU$26.5bAU$12.1bAU$1.5b28.1x18.1x2.2x
Sat, 31 Jul 2021AU$24.9bAU$12.1bAU$1.5b30.6x17x2.1x
Price to Earnings Ratio

16.3x


Total Market Cap: AU$23.9bTotal Earnings: AU$1.5bTotal Revenue: AU$12.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthcare Services Industry Price to Earnings3Y Average 18x202220232024
Current Industry PE
  • Investors are pessimistic on the Australian Healthcare Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • Total earnings for the Healthcare Services industry have declined over the last three years, with the industry now making a loss overall.
  • 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 Comparison

How does Australian Healthcare Services compare with similar industries?

AU Market0.12%
Healthcare1.25%
Healthcare Services4.17%
Healthcare Services6.02%
Healthcare Distributors10.22%
Healthcare Facilities0.62%
Managed Healthcare0%
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?

CompanyLast Price7D1YValuation
SHL Sonic HealthcareAU$27.157.1%
+AU$869.5m
-21.8%PE25.8x
HLS HealiusAU$1.535.9%
+AU$61.7m
-50.6%PS0.7x
CAJ Capitol HealthAU$0.3022.4%
+AU$58.6m
9.1%PE52x
ACL Australian Clinical LabsAU$2.626.5%
+AU$32.1m
-18.9%PE34x
IDX Integral DiagnosticsAU$2.571.2%
+AU$7.0m
-18.9%PS1.3x
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Latest News

CAJ

AU$0.30

Capitol Health

7D

22.4%

1Y

9.1%

IDX

AU$2.57

Integral Diagnostics

7D

1.2%

1Y

-18.9%

IIQ

AU$0.57

INOVIQ

7D

-12.9%

1Y

13.9%

SHL

AU$27.15

Sonic Healthcare

7D

7.1%

1Y

-21.8%

HLS

AU$1.53

Healius

7D

5.9%

1Y

-50.6%

FCG

AU$0.15

Freedom Care Group Holdings

7D

-6.3%

1Y

n/a

MAP

AU$0.17

Microba Life Sciences

7D

-5.7%

1Y

-43.1%

AHX

AU$0.34

Apiam Animal Health

7D

-1.4%

1Y

-34.6%

RHY

AU$0.07

Rhythm Biosciences

7D

6.1%

1Y

-83.5%

HLA

AU$1.80

Healthia

7D

0.3%

1Y

52.1%

SLA

AU$3.34

SILK Laser Australia

7D

0.3%

1Y

53.9%