Header cover image

Australian (ASX) Healthtech Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies21
  • 7D3.2%
  • 3M4.0%
  • 1Y49.2%
  • YTD3.2%

Over the last 7 days, the Healthtech industry has risen 3.2%, driven by gains from Pro Medicus of 6.8%. Meanwhile, 4DMedical actually underperformed within the industry, shrinking 5.4% in the last week. This takes the industry's 12 month performance to a gain of 49%. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the Australian Healthtech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024AU$12.2bAU$570.9m-AU$103,049,461.9388.7x-118.1x21.3x
Fri, 23 Feb 2024AU$11.5bAU$545.9m-AU$125,650,127.7589.5x-91.6x21.1x
Sun, 21 Jan 2024AU$12.2bAU$529.4m-AU$140,830,769.00106x-86.9x23.1x
Tue, 19 Dec 2023AU$11.4bAU$526.1m-AU$106,374,355.00101.4x-106.7x21.6x
Thu, 16 Nov 2023AU$10.7bAU$526.0m-AU$107,737,086.0098.5x-99.5x20.4x
Sat, 14 Oct 2023AU$10.3bAU$529.1m-AU$107,947,847.0093.5x-95.7x19.5x
Mon, 11 Sep 2023AU$9.3bAU$530.2m-AU$113,583,855.0085.6x-82x17.6x
Wed, 09 Aug 2023AU$9.2bAU$503.7m-AU$154,300,931.0096.6x-59.5x18.2x
Fri, 07 Jul 2023AU$8.5bAU$501.2m-AU$153,190,817.0091.4x-55.2x16.9x
Sun, 04 Jun 2023AU$8.1bAU$499.5m-AU$151,979,678.0092.5x-53.6x16.3x
Tue, 02 May 2023AU$8.0bAU$495.5m-AU$146,133,271.0088.1x-54.5x16.1x
Thu, 30 Mar 2023AU$8.2bAU$494.0m-AU$145,169,241.0090.5x-56.5x16.6x
Sat, 25 Feb 2023AU$7.9bAU$459.3m-AU$147,556,383.0072.3x-53.6x17.2x
Mon, 23 Jan 2023AU$8.2bAU$441.2m-AU$155,560,267.0088x-52.6x18.5x
Wed, 21 Dec 2022AU$7.2bAU$446.3m-AU$156,710,435.0077.5x-45.7x16x
Fri, 18 Nov 2022AU$7.8bAU$438.0m-AU$157,380,539.0084.8x-49.5x17.8x
Sun, 16 Oct 2022AU$7.0bAU$444.5m-AU$157,316,606.0075.2x-44.3x15.7x
Tue, 13 Sep 2022AU$7.4bAU$433.8m-AU$155,002,594.0076.9x-47.5x17x
Thu, 11 Aug 2022AU$7.2bAU$384.5m-AU$130,521,137.0083.7x-55.5x18.8x
Sat, 09 Jul 2022AU$6.4bAU$386.5m-AU$130,904,604.0075.3x-49.2x16.7x
Mon, 06 Jun 2022AU$5.9bAU$382.6m-AU$131,148,556.0067.8x-45.3x15.5x
Wed, 04 May 2022AU$6.6bAU$382.4m-AU$133,635,427.0075x-49.3x17.2x
Fri, 01 Apr 2022AU$7.2bAU$378.4m-AU$134,004,983.0082.6x-53.5x18.9x
Sun, 27 Feb 2022AU$6.8bAU$330.5m-AU$136,453,990.0074.6x-49.6x20.5x
Tue, 25 Jan 2022AU$7.0bAU$300.4m-AU$137,507,129.0096.9x-50.8x23.2x
Thu, 23 Dec 2021AU$8.9bAU$300.8m-AU$137,196,119.00131.6x-64.7x29.5x
Sat, 20 Nov 2021AU$8.9bAU$297.3m-AU$133,567,653.00132.9x-66.9x30.1x
Mon, 18 Oct 2021AU$8.3bAU$296.2m-AU$133,642,600.00120.3x-62x28x
Wed, 15 Sep 2021AU$9.0bAU$293.3m-AU$131,340,378.97125.1x-68.2x30.6x
Fri, 13 Aug 2021AU$8.5bAU$293.3m-AU$131,340,378.97115.6x-64.6x29x
Tue, 08 Jun 2021AU$7.4bAU$263.5m-AU$137,977,124.75107.9x-54x28.3x
Price to Earnings Ratio

-50.2x


Total Market Cap: AU$6.9bTotal Earnings: -AU$137,977,124.75Total Revenue: AU$263.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Healthtech Industry Price to Earnings3Y Average -62.5x202220232024
Current Industry PE
  • Investors are relatively neutral on the Australian Healthcare Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 21.1x.
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 29% 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 Market0.96%
Healthcare1.78%
Healthtech3.24%
Healthtech3.24%
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
PME Pro MedicusAU$102.546.8%
+AU$680.9m
57.9%PE153.6x
ONE Oneview HealthcareAU$0.317.8%
+AU$15.1m
322.3%PS13.4x
MDR MedAdvisorAU$0.285.8%
+AU$8.3m
7.8%PS1.4x
M7T Mach7 TechnologiesAU$0.704.5%
+AU$7.2m
13.8%PS6.3x
ENL EnliticAU$0.655.7%
+AU$3.0m
n/aPS68.7x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

VHT

AU$1.14

Volpara Health Technologies

7D

0.9%

1Y

49.3%

IME

AU$0.56

ImExHS

7D

6.7%

1Y

12.0%

ALC

AU$0.05

Alcidion Group

7D

-2.0%

1Y

-60.0%

ENL

AU$0.65

Enlitic

7D

5.7%

1Y

n/a

4DX

AU$0.61

4DMedical

7D

-5.4%

1Y

92.2%

ICR

AU$0.014

Intelicare Holdings

7D

-12.5%

1Y

-17.6%

ONE

AU$0.31

Oneview Healthcare

7D

7.8%

1Y

322.3%

CGS

AU$1.28

Cogstate

7D

-1.2%

1Y

-11.7%

PME

AU$102.54

Pro Medicus

7D

6.8%

1Y

57.9%

M7T

AU$0.70

Mach7 Technologies

7D

4.5%

1Y

13.8%

PCK

AU$0.028

PainChek

7D

5.7%

1Y

3.7%

CTQ

AU$0.015

Careteq

7D

-6.3%

1Y

-73.7%

TRI

AU$0.029

TrivarX

7D

-6.5%

1Y

45.0%