If EPS Growth Is Important To You, Cogstate (ASX:CGS) Presents An Opportunity
May 13
Australian (ASX) Healthtech Industry Analysis
UpdatedJun 08, 2024
DataAggregated Company Financials
Companies20
- 7D4.4%
- 3M20.7%
- 1Y81.4%
- YTD26.2%
In the last week, the Healthtech industry is up 4.4%, with Pro Medicus up 4.8%. Meanwhile, Cogstate actually underperformed within the industry, shrinking 7.3% in the last week. This means that the industry has gained 81% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 08 Jun 2024 | AU$14.6b | AU$533.8m | -AU$81,876,968.73 | 106.1x | -177.9x | 27.3x |
| Mon, 06 May 2024 | AU$13.5b | AU$567.8m | -AU$89,897,715.26 | 99.4x | -150.2x | 23.8x |
| Wed, 03 Apr 2024 | AU$12.6b | AU$571.3m | -AU$103,104,023.52 | 91.6x | -122.7x | 22.1x |
| Fri, 01 Mar 2024 | AU$12.5b | AU$549.5m | -AU$111,036,496.21 | 90.4x | -112.9x | 22.8x |
| Sun, 28 Jan 2024 | AU$12.2b | AU$529.9m | -AU$141,017,502.00 | 105.5x | -86.6x | 23.1x |
| Tue, 26 Dec 2023 | AU$11.8b | AU$525.6m | -AU$138,876,121.00 | 105.2x | -84.6x | 22.4x |
| Thu, 23 Nov 2023 | AU$10.9b | AU$528.1m | -AU$106,858,039.00 | 99.8x | -101.8x | 20.6x |
| Sat, 21 Oct 2023 | AU$9.7b | AU$528.5m | -AU$107,811,868.00 | 88.6x | -90.2x | 18.4x |
| Mon, 18 Sep 2023 | AU$9.4b | AU$528.2m | -AU$112,939,006.00 | 87x | -82.9x | 17.7x |
| Wed, 16 Aug 2023 | AU$9.3b | AU$524.8m | -AU$144,772,117.00 | 85.3x | -64.3x | 17.7x |
| Fri, 14 Jul 2023 | AU$8.5b | AU$498.3m | -AU$152,842,623.00 | 94.1x | -55.8x | 17.1x |
| Sun, 11 Jun 2023 | AU$8.3b | AU$497.3m | -AU$151,340,682.00 | 93.3x | -54.5x | 16.6x |
| Tue, 09 May 2023 | AU$7.9b | AU$493.4m | -AU$145,608,747.00 | 89x | -54.6x | 16.1x |
| Thu, 06 Apr 2023 | AU$8.2b | AU$493.4m | -AU$145,274,946.00 | 91.6x | -56.3x | 16.6x |
| Sat, 04 Mar 2023 | AU$7.8b | AU$488.6m | -AU$137,609,317.00 | 87.6x | -56.4x | 15.9x |
| Mon, 30 Jan 2023 | AU$8.5b | AU$438.2m | -AU$154,480,124.00 | 92.9x | -55.1x | 19.4x |
| Wed, 28 Dec 2022 | AU$7.4b | AU$444.5m | -AU$155,827,835.00 | 80.2x | -47.2x | 16.6x |
| Fri, 25 Nov 2022 | AU$7.8b | AU$443.9m | -AU$155,418,959.00 | 84.2x | -49.9x | 17.5x |
| Sun, 23 Oct 2022 | AU$7.0b | AU$442.5m | -AU$156,796,521.00 | 74.6x | -44.7x | 15.8x |
| Tue, 20 Sep 2022 | AU$7.1b | AU$435.9m | -AU$155,318,486.00 | 74.9x | -46x | 16.4x |
| Thu, 18 Aug 2022 | AU$7.4b | AU$386.4m | -AU$130,338,701.00 | 84.8x | -56.4x | 19x |
| Sat, 16 Jul 2022 | AU$6.2b | AU$387.7m | -AU$130,741,688.00 | 71.8x | -47.1x | 15.9x |
| Mon, 13 Jun 2022 | AU$5.8b | AU$384.4m | -AU$131,184,081.00 | 67.1x | -44x | 15x |
| Wed, 11 May 2022 | AU$6.0b | AU$382.6m | -AU$132,225,660.00 | 68.2x | -45.5x | 15.7x |
| Fri, 08 Apr 2022 | AU$6.9b | AU$377.2m | -AU$133,198,916.00 | 79.8x | -52x | 18.4x |
| Sun, 06 Mar 2022 | AU$6.7b | AU$377.5m | -AU$129,426,994.00 | 76.1x | -52x | 17.8x |
| Tue, 01 Feb 2022 | AU$7.0b | AU$302.0m | -AU$137,930,733.00 | 96.2x | -50.7x | 23.2x |
| Thu, 30 Dec 2021 | AU$9.2b | AU$299.8m | -AU$137,026,069.00 | 136.8x | -67x | 30.6x |
| Sat, 27 Nov 2021 | AU$9.0b | AU$300.3m | -AU$137,118,754.00 | 129x | -65.9x | 30.1x |
| Mon, 25 Oct 2021 | AU$8.4b | AU$295.7m | -AU$133,435,648.00 | 119.8x | -63x | 28.4x |
| Wed, 22 Sep 2021 | AU$8.9b | AU$296.7m | -AU$133,163,115.00 | 127.3x | -66.7x | 29.9x |
| Fri, 20 Aug 2021 | AU$9.4b | AU$293.3m | -AU$131,340,378.97 | 130.3x | -71.6x | 32.1x |
Price to Earnings Ratio
-66.3x
Current Industry PE
- Investors are optimistic on the Australian Healthcare Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 20.7x is lower than the industry's current PS ratio of 27.3x.
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 22% 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 | 1.78% | |
| Healthcare | 2.67% | |
| Healthtech | 4.39% | |
| Healthtech | 4.39% | |
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$125.87 | 4.8% +AU$600.4m | 99.5% | PE188.6x | |
| 4DX 4DMedical | AU$0.69 | 16.1% +AU$37.2m | -18.0% | PS261.5x | |
| ONE Oneview Healthcare | AU$0.34 | 6.3% +AU$13.4m | 47.8% | PS14.9x | |
| M7T Mach7 Technologies | AU$0.67 | 2.3% +AU$3.6m | 9.8% | PS6x | |
| VFX Visionflex Group | AU$0.007 | 40.0% +AU$2.8m | 40.0% | PS1.5x |
