Shareholders Will Probably Hold Off On Increasing Pro Medicus Limited's (ASX:PME) CEO Compensation For The Time Being
Nov 18
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Australian (ASX) Healthtech Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies19
- 7D4.7%
- 3M37.3%
- 1Y122.4%
- YTD96.0%
Over the last 7 days, the Healthtech industry has risen 4.7%, driven by gains from Pro Medicus of 4.8%. Meanwhile, 4DMedical actually underperformed within the industry, shrinking 6.3% in the last week. In the last 12 months, the industry was up 122%. Earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Australian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | AU$23.6b | AU$582.1m | -AU$62,909,723.04 | 201.8x | -375.6x | 40.6x |
| Sat, 19 Oct 2024 | AU$21.4b | AU$579.7m | -AU$62,390,384.47 | 243.4x | -343.7x | 37x |
| Mon, 16 Sep 2024 | AU$18.8b | AU$581.4m | -AU$62,713,913.86 | 211.6x | -299.6x | 32.3x |
| Wed, 14 Aug 2024 | AU$15.1b | AU$535.2m | -AU$82,406,429.22 | 110.2x | -183.4x | 28.2x |
| Fri, 12 Jul 2024 | AU$15.4b | AU$531.9m | -AU$81,301,672.69 | 112.7x | -189.8x | 29x |
| Sun, 09 Jun 2024 | AU$14.6b | AU$535.0m | -AU$82,259,894.92 | 106x | -177.1x | 27.2x |
| Tue, 07 May 2024 | AU$13.3b | AU$567.5m | -AU$89,821,665.86 | 98.2x | -148.5x | 23.5x |
| Thu, 04 Apr 2024 | AU$12.3b | AU$571.2m | -AU$103,037,081.64 | 89.4x | -119.8x | 21.6x |
| Sat, 02 Mar 2024 | AU$12.5b | AU$576.7m | -AU$98,504,115.56 | 90.3x | -127x | 21.7x |
| Mon, 29 Jan 2024 | AU$12.2b | AU$529.9m | -AU$141,017,502.00 | 105.5x | -86.6x | 23.1x |
| Wed, 27 Dec 2023 | AU$11.8b | AU$525.6m | -AU$138,905,120.00 | 105.2x | -84.6x | 22.4x |
| Fri, 24 Nov 2023 | AU$10.9b | AU$528.2m | -AU$106,927,317.00 | 100.4x | -101.7x | 20.6x |
| Sun, 22 Oct 2023 | AU$9.7b | AU$528.7m | -AU$107,906,889.00 | 88.6x | -90.1x | 18.4x |
| Tue, 19 Sep 2023 | AU$9.1b | AU$528.2m | -AU$112,948,489.00 | 85.5x | -80.2x | 17.1x |
| Thu, 17 Aug 2023 | AU$9.1b | AU$522.9m | -AU$144,904,305.00 | 84.6x | -62.6x | 17.4x |
| Sat, 15 Jul 2023 | AU$8.6b | AU$498.3m | -AU$152,950,742.00 | 95x | -56.4x | 17.3x |
| Mon, 12 Jun 2023 | AU$8.3b | AU$497.3m | -AU$151,340,682.00 | 93.3x | -54.5x | 16.6x |
| Wed, 10 May 2023 | AU$7.9b | AU$493.7m | -AU$145,626,921.00 | 89.1x | -54.4x | 16.1x |
| Fri, 07 Apr 2023 | AU$8.1b | AU$494.4m | -AU$145,556,806.00 | 90x | -55.8x | 16.4x |
| Sun, 05 Mar 2023 | AU$7.8b | AU$488.2m | -AU$137,672,812.00 | 87.6x | -56.4x | 15.9x |
| Tue, 31 Jan 2023 | AU$8.6b | AU$438.9m | -AU$154,734,130.00 | 92.8x | -55.4x | 19.5x |
| Thu, 29 Dec 2022 | AU$7.2b | AU$443.3m | -AU$155,467,806.00 | 79x | -46.3x | 16.3x |
| Sat, 26 Nov 2022 | AU$7.8b | AU$443.3m | -AU$155,388,122.00 | 84.6x | -50.1x | 17.6x |
| Mon, 24 Oct 2022 | AU$7.0b | AU$442.5m | -AU$156,796,521.00 | 74.6x | -44.7x | 15.8x |
| Wed, 21 Sep 2022 | AU$7.3b | AU$435.7m | -AU$155,165,022.00 | 76.7x | -47x | 16.7x |
| Fri, 19 Aug 2022 | AU$7.3b | AU$387.8m | -AU$130,671,315.00 | 84.9x | -56.1x | 18.9x |
| Sun, 17 Jul 2022 | AU$6.2b | AU$386.5m | -AU$130,590,335.00 | 71.9x | -47.2x | 15.9x |
| Tue, 14 Jun 2022 | AU$5.8b | AU$384.4m | -AU$131,184,081.00 | 67.1x | -44x | 15x |
| Thu, 12 May 2022 | AU$6.1b | AU$383.3m | -AU$132,421,654.00 | 68.9x | -46.2x | 16x |
| Sat, 09 Apr 2022 | AU$7.0b | AU$378.2m | -AU$133,773,368.00 | 80.9x | -52.5x | 18.6x |
| Mon, 07 Mar 2022 | AU$6.7b | AU$376.3m | -AU$129,426,994.00 | 76.1x | -52x | 17.9x |
| Wed, 02 Feb 2022 | AU$7.2b | AU$302.0m | -AU$137,930,733.00 | 100x | -52.1x | 23.8x |
| Fri, 31 Dec 2021 | AU$9.2b | AU$299.8m | -AU$137,158,863.00 | 135.3x | -67.1x | 30.7x |
| Sun, 28 Nov 2021 | AU$9.0b | AU$301.4m | -AU$137,736,828.00 | 128.7x | -65.6x | 30x |
Price to Earnings Ratio
-65.6x
Current Industry PE
- Investors are optimistic on the Australian Healthcare Services industry, and appear confident in long term growth rates.
- The industry's 3-year average PS ratio of 21.2x is exceeded by the industry's current PS ratio of 40.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Revenues for these companies have grown 25% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Australian Healthcare industry?
| AU Market | 1.47% | |
| Healthcare | -2.04% | |
| Healthtech | 4.68% | |
| Healthtech | 4.68% | |
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 | |
|---|---|---|---|---|---|
| PME Pro Medicus | AU$214.62 | 4.8% +AU$1.0b | 142.3% | PE270.9x | |
| ALC Alcidion Group | AU$0.066 | 15.8% +AU$12.1m | -4.3% | PS2.4x | |
| CGS Cogstate | AU$0.99 | 4.2% +AU$6.8m | -35.5% | PE20.4x | |
| SHG Singular Health Group | AU$0.12 | 36.9% +AU$6.4m | 202.6% | PS25.5x | |
| MDR MedAdvisor | AU$0.30 | 3.4% +AU$5.5m | 53.8% | PE208.8x |
