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Chinese (SSE) Healthcare Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies469
- 7D-2.4%
- 3M22.2%
- 1Y-9.1%
- YTD-6.6%
Over the last 7 days, the Healthcare industry has dropped 5.9%, driven by a pullback from Shenzhen Mindray Bio-Medical Electronics of 4.1%. Overall the industry is down 12% in 12 months. As for the next few years, earnings are expected to grow by 26% per annum.
Sector Valuation and Performance
Has the Chinese Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | CN¥6.0t | CN¥2.2t | CN¥154.1b | 34.4x | 39x | 2.7x |
| Sat, 19 Oct 2024 | CN¥5.7t | CN¥2.2t | CN¥161.9b | 32.5x | 35.5x | 2.6x |
| Mon, 16 Sep 2024 | CN¥4.8t | CN¥2.2t | CN¥161.8b | 27.1x | 29.4x | 2.1x |
| Wed, 14 Aug 2024 | CN¥5.2t | CN¥2.3t | CN¥166.2b | 28.4x | 31x | 2.3x |
| Fri, 12 Jul 2024 | CN¥5.1t | CN¥2.3t | CN¥167.0b | 28x | 30.7x | 2.3x |
| Sun, 09 Jun 2024 | CN¥5.5t | CN¥2.3t | CN¥164.9b | 29.7x | 33.5x | 2.4x |
| Tue, 07 May 2024 | CN¥6.1t | CN¥2.3t | CN¥167.8b | 33.5x | 36.3x | 2.7x |
| Thu, 04 Apr 2024 | CN¥5.8t | CN¥2.3t | CN¥172.9b | 30.7x | 33.5x | 2.5x |
| Sat, 02 Mar 2024 | CN¥5.9t | CN¥2.3t | CN¥179.0b | 29.8x | 33x | 2.6x |
| Mon, 29 Jan 2024 | CN¥5.8t | CN¥2.3t | CN¥176.9b | 30.2x | 32.9x | 2.5x |
| Wed, 27 Dec 2023 | CN¥6.3t | CN¥2.3t | CN¥177.1b | 33.9x | 35.7x | 2.8x |
| Fri, 24 Nov 2023 | CN¥6.7t | CN¥2.3t | CN¥177.2b | 37.1x | 37.9x | 2.9x |
| Sun, 22 Oct 2023 | CN¥6.1t | CN¥2.3t | CN¥185.2b | 31.7x | 33.1x | 2.7x |
| Tue, 19 Sep 2023 | CN¥6.4t | CN¥2.3t | CN¥186.5b | 32.4x | 34.2x | 2.8x |
| Thu, 17 Aug 2023 | CN¥6.4t | CN¥2.3t | CN¥193.3b | 32.6x | 32.9x | 2.8x |
| Sat, 15 Jul 2023 | CN¥6.5t | CN¥2.3t | CN¥192.7b | 33.1x | 34x | 2.9x |
| Mon, 12 Jun 2023 | CN¥6.7t | CN¥2.3t | CN¥191.5b | 34.6x | 35x | 3x |
| Wed, 10 May 2023 | CN¥6.9t | CN¥2.3t | CN¥192.3b | 35.1x | 35.7x | 3x |
| Fri, 07 Apr 2023 | CN¥7.1t | CN¥2.2t | CN¥234.4b | 37.1x | 30.3x | 3.2x |
| Sun, 05 Mar 2023 | CN¥7.2t | CN¥2.2t | CN¥229.6b | 38.6x | 31.4x | 3.3x |
| Tue, 31 Jan 2023 | CN¥7.4t | CN¥2.2t | CN¥233.4b | 38x | 31.7x | 3.4x |
| Thu, 29 Dec 2022 | CN¥6.8t | CN¥2.2t | CN¥232.2b | 34.4x | 29.1x | 3.1x |
| Sat, 26 Nov 2022 | CN¥6.9t | CN¥2.2t | CN¥231.8b | 37.4x | 29.8x | 3.1x |
| Mon, 24 Oct 2022 | CN¥6.7t | CN¥2.1t | CN¥229.9b | 35.9x | 29.3x | 3.2x |
| Wed, 21 Sep 2022 | CN¥6.1t | CN¥2.1t | CN¥223.5b | 31.1x | 27.3x | 2.9x |
| Fri, 19 Aug 2022 | CN¥6.5t | CN¥2.1t | CN¥227.5b | 33.4x | 28.4x | 3.1x |
| Sun, 17 Jul 2022 | CN¥6.8t | CN¥2.1t | CN¥225.4b | 32.3x | 30x | 3.3x |
| Tue, 14 Jun 2022 | CN¥6.4t | CN¥2.0t | CN¥226.1b | 32.9x | 28.1x | 3.1x |
| Thu, 12 May 2022 | CN¥6.4t | CN¥2.0t | CN¥224.1b | 32.4x | 28.4x | 3.1x |
| Sat, 09 Apr 2022 | CN¥6.8t | CN¥2.0t | CN¥213.6b | 34.2x | 31.6x | 3.4x |
| Mon, 07 Mar 2022 | CN¥7.1t | CN¥2.0t | CN¥212.7b | 36.4x | 33.2x | 3.6x |
| Wed, 02 Feb 2022 | CN¥6.7t | CN¥1.9t | CN¥205.1b | 35.1x | 32.9x | 3.5x |
| Fri, 31 Dec 2021 | CN¥7.8t | CN¥1.9t | CN¥204.2b | 41.5x | 38.2x | 4.1x |
| Sun, 28 Nov 2021 | CN¥7.8t | CN¥1.9t | CN¥203.6b | 38.5x | 38.3x | 4.1x |
Price to Earnings Ratio
38.3x
Current Industry PE
- Investors are optimistic on the Chinese Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.1x which is higher than its 3-year average PE of 32.6x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 8.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.4% 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 Chinese Healthcare sector?
| CN Market | -3.39% | |
| Healthcare | -2.41% | |
| Pharma | -1.25% | |
| Medical Equipment | -2.43% | |
| Healthcare Services | -2.95% | |
| Biotech | -3.91% | |
| Healthtech | -4.75% | |
| Life Sciences | -5.54% | |
Industry PE
- Investors are most optimistic about the Healthtech industry which is trading above its 3-year average PE ratio of 342x.
- Analysts are expecting annual earnings growth of 48.7%, which is higher than its past year's earnings decline of 19.7% per year.
- Investors are most pessimistic about the Healthcare Services industry, which is trading close to its 3-year average of 29.4x.
Forecasted Growth
- Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Pharma industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 600276 Jiangsu Hengrui Medicine | CN¥50.19 | 3.6% +CN¥11.1b | 6.4% | PE58.6x | |
| 688506 Sichuan Biokin PharmaceuticalLtd | CN¥200.91 | 8.3% +CN¥6.2b | 76.3% | PE21.2x | |
| 601607 Shanghai Pharmaceuticals Holding | CN¥22.07 | 4.6% +CN¥3.6b | 22.9% | PE20.3x | |
| 002653 Haisco Pharmaceutical Group | CN¥36.20 | 7.6% +CN¥2.8b | 50.8% | PE84.3x | |
| 688617 APT Medical | CN¥365.03 | 7.7% +CN¥2.5b | 53.0% | PE53.7x |
