Estimating The Fair Value Of Sonic Healthcare Limited (ASX:SHL)
May 21
Have your own idea? Try our Stock Screener
Australian (ASX) Healthcare Services Industry Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies14
- 7D2.6%
- 3M-0.4%
- 1Y-3.7%
- YTD4.8%
The Healthcare Services industry is up 2.6% in the last week, with Sigma Healthcare up 3.7%. During this same period, the Healius underperformed, falling 7.4%. In the past year, the industry is down 3.7%. Earnings are forecast to grow by 30% 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, 23 May 2025 | AU$62.7b | AU$39.5b | AU$549.6m | 159.2x | 114.1x | 1.6x |
| Sun, 20 Apr 2025 | AU$60.2b | AU$37.9b | AU$1.1b | 133.6x | 54.5x | 1.6x |
| Tue, 18 Mar 2025 | AU$60.3b | AU$37.9b | AU$1.1b | 63.1x | 54.2x | 1.6x |
| Thu, 13 Feb 2025 | AU$33.0b | AU$33.2b | AU$52.3m | 30.7x | 630.2x | 1x |
| Sat, 11 Jan 2025 | AU$32.1b | AU$36.7b | AU$50.2m | 29.4x | 640.3x | 0.9x |
| Mon, 09 Dec 2024 | AU$34.2b | AU$36.9b | AU$35.3m | 30.1x | 966.9x | 0.9x |
| Wed, 06 Nov 2024 | AU$31.5b | AU$36.9b | AU$35.3m | 29.8x | 891.2x | 0.9x |
| Fri, 04 Oct 2024 | AU$33.0b | AU$36.9b | AU$35.6m | 31.3x | 927x | 0.9x |
| Sun, 01 Sep 2024 | AU$30.8b | AU$36.0b | AU$46.4m | 35.1x | 663.6x | 0.9x |
| Tue, 30 Jul 2024 | AU$30.2b | AU$33.5b | -AU$278,022,128.00 | 45.4x | -108.7x | 0.9x |
| Thu, 27 Jun 2024 | AU$30.0b | AU$33.5b | -AU$278,022,128.00 | 47.1x | -108.1x | 0.9x |
| Sat, 25 May 2024 | AU$28.5b | AU$31.7b | -AU$280,512,128.00 | 28.7x | -101.5x | 0.9x |
| Mon, 22 Apr 2024 | AU$29.5b | AU$31.7b | -AU$280,512,128.00 | 30.8x | -105.2x | 0.9x |
| Wed, 20 Mar 2024 | AU$30.8b | AU$31.8b | -AU$270,491,128.00 | 33.8x | -113.9x | 1x |
| Fri, 16 Feb 2024 | AU$33.2b | AU$31.4b | AU$615.3m | 24.1x | 53.9x | 1.1x |
| Sun, 14 Jan 2024 | AU$34.4b | AU$32.8b | AU$608.0m | 24.3x | 56.5x | 1x |
| Tue, 12 Dec 2023 | AU$32.9b | AU$32.8b | AU$608.0m | 24.2x | 54.1x | 1x |
| Thu, 09 Nov 2023 | AU$33.4b | AU$32.8b | AU$608.0m | 24x | 55x | 1x |
| Sat, 07 Oct 2023 | AU$32.7b | AU$32.8b | AU$608.0m | 25.3x | 53.9x | 1x |
| Mon, 04 Sep 2023 | AU$34.7b | AU$33.0b | AU$596.0m | 26x | 58.2x | 1.1x |
| Wed, 02 Aug 2023 | AU$37.8b | AU$33.0b | AU$1.3b | 26.5x | 28.8x | 1.1x |
| Fri, 30 Jun 2023 | AU$37.8b | AU$33.0b | AU$1.3b | 25.4x | 28.8x | 1.1x |
| Sun, 28 May 2023 | AU$37.0b | AU$33.0b | AU$1.3b | 25.6x | 28.3x | 1.1x |
| Tue, 25 Apr 2023 | AU$40.0b | AU$32.5b | AU$1.3b | 25.9x | 30.5x | 1.2x |
| Thu, 23 Mar 2023 | AU$38.4b | AU$32.4b | AU$1.3b | 23.5x | 29.5x | 1.2x |
| Sat, 18 Feb 2023 | AU$38.5b | AU$32.4b | AU$1.7b | 23.7x | 22.9x | 1.2x |
| Mon, 16 Jan 2023 | AU$37.5b | AU$33.1b | AU$2.1b | 23.5x | 17.6x | 1.1x |
| Wed, 14 Dec 2022 | AU$37.0b | AU$33.1b | AU$2.1b | 24.9x | 17.4x | 1.1x |
| Fri, 11 Nov 2022 | AU$36.6b | AU$32.8b | AU$2.1b | 24.9x | 17.2x | 1.1x |
| Sun, 09 Oct 2022 | AU$36.0b | AU$32.8b | AU$2.1b | 24.9x | 16.9x | 1.1x |
| Tue, 06 Sep 2022 | AU$40.1b | AU$32.7b | AU$2.1b | 24.9x | 18.7x | 1.2x |
| Thu, 04 Aug 2022 | AU$41.2b | AU$31.9b | AU$2.3b | 28.5x | 18.2x | 1.3x |
| Sat, 02 Jul 2022 | AU$40.0b | AU$31.9b | AU$2.3b | 25x | 17.7x | 1.3x |
| Mon, 30 May 2022 | AU$43.8b | AU$31.9b | AU$2.3b | 25.5x | 19.4x | 1.4x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are pessimistic on the Australian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 114x which is lower than its 3-year average PE of 145x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 38% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.4% per year.
- This means that although more sales are being generated, 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 | 1.14% | |
| Healthcare | 2.11% | |
| Healthcare Services | 2.64% | |
| Healthcare Distributors | 3.64% | |
| Healthcare Services | 1.99% | |
| Healthcare Facilities | 0.38% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 284x.
- Analysts are expecting annual earnings growth of 32.7%, which is lower than the prior year's growth of 37.0% per year.
- Investors are most pessimistic about the Healthcare Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 86% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 14% 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$3.08 | 3.7% +AU$1.3b | n/a | PS7.3x | |
| REG Regis Healthcare | AU$7.78 | 1.8% +AU$42.2m | 87.9% | PE155.3x | |
| MAP Microba Life Sciences | AU$0.15 | 7.1% +AU$4.5m | -23.1% | PS4x | |
| IIQ INOVIQ | AU$0.40 | 8.1% +AU$3.3m | -15.8% | PS26.4x |
