Cowealth Medical China Co.,Ltd.'s (SHSE:603122) Shareholders Might Be Looking For Exit
Jul 23
Chinese (SSE) Healthcare Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies40
- 7D-3.0%
- 3M-15.0%
- 1Y-37.8%
- YTD-26.5%
Over the last 7 days, the Healthcare Services industry has dropped 3.0%, driven by a pullback from Aier Eye Hospital Group of 5.0%. On the other hand China Reform Health Management and Services Group is actually up 9.8%. The industry has fallen 38% in the last year. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Chinese Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CN¥491.3b | CN¥988.5b | CN¥22.5b | 26.3x | 21.8x | 0.5x |
| Sun, 23 Jun 2024 | CN¥513.8b | CN¥988.5b | CN¥22.5b | 27.6x | 22.8x | 0.5x |
| Tue, 21 May 2024 | CN¥597.1b | CN¥990.2b | CN¥22.4b | 33.9x | 26.7x | 0.6x |
| Thu, 18 Apr 2024 | CN¥571.6b | CN¥986.3b | CN¥19.4b | 29.8x | 29.5x | 0.6x |
| Sat, 16 Mar 2024 | CN¥622.8b | CN¥977.8b | CN¥20.1b | 30x | 31x | 0.6x |
| Mon, 12 Feb 2024 | CN¥604.0b | CN¥976.5b | CN¥20.1b | 29.1x | 30.1x | 0.6x |
| Wed, 10 Jan 2024 | CN¥638.6b | CN¥976.7b | CN¥19.7b | 29.1x | 32.4x | 0.7x |
| Fri, 08 Dec 2023 | CN¥691.5b | CN¥976.1b | CN¥19.9b | 30.8x | 34.7x | 0.7x |
| Sun, 05 Nov 2023 | CN¥725.6b | CN¥976.1b | CN¥19.9b | 31.4x | 36.4x | 0.7x |
| Tue, 03 Oct 2023 | CN¥734.1b | CN¥982.2b | CN¥21.2b | 29.8x | 34.7x | 0.7x |
| Thu, 31 Aug 2023 | CN¥724.6b | CN¥729.6b | CN¥17.9b | 25.9x | 40.6x | 1x |
| Sat, 29 Jul 2023 | CN¥797.3b | CN¥954.7b | CN¥23.1b | 26x | 34.5x | 0.8x |
| Mon, 26 Jun 2023 | CN¥775.4b | CN¥948.1b | CN¥23.0b | 26.1x | 33.7x | 0.8x |
| Wed, 24 May 2023 | CN¥845.5b | CN¥948.0b | CN¥23.0b | 28.2x | 36.8x | 0.9x |
| Fri, 21 Apr 2023 | CN¥831.8b | CN¥914.9b | CN¥26.8b | 31.2x | 31.1x | 0.9x |
| Sun, 19 Mar 2023 | CN¥830.8b | CN¥907.3b | CN¥26.8b | 30.6x | 31.1x | 0.9x |
| Tue, 14 Feb 2023 | CN¥862.7b | CN¥906.0b | CN¥26.4b | 32.2x | 32.7x | 1x |
| Thu, 12 Jan 2023 | CN¥822.5b | CN¥905.7b | CN¥26.4b | 30.1x | 31.2x | 0.9x |
| Sat, 10 Dec 2022 | CN¥799.1b | CN¥905.7b | CN¥26.4b | 30.1x | 30.3x | 0.9x |
| Mon, 07 Nov 2022 | CN¥744.9b | CN¥905.7b | CN¥26.4b | 31.8x | 28.3x | 0.8x |
| Wed, 05 Oct 2022 | CN¥655.1b | CN¥842.5b | CN¥23.8b | 21x | 27.5x | 0.8x |
| Fri, 02 Sep 2022 | CN¥682.1b | CN¥843.1b | CN¥24.2b | 27.3x | 28.1x | 0.8x |
| Sun, 31 Jul 2022 | CN¥732.1b | CN¥840.7b | CN¥24.0b | 31.8x | 30.5x | 0.9x |
| Tue, 28 Jun 2022 | CN¥739.0b | CN¥839.0b | CN¥23.9b | 27.2x | 30.9x | 0.9x |
| Thu, 26 May 2022 | CN¥660.3b | CN¥839.0b | CN¥23.9b | 26.1x | 27.6x | 0.8x |
| Sat, 23 Apr 2022 | CN¥648.6b | CN¥821.5b | CN¥27.6b | 23.9x | 23.5x | 0.8x |
| Mon, 21 Mar 2022 | CN¥633.4b | CN¥809.3b | CN¥26.4b | 27.7x | 24x | 0.8x |
| Wed, 16 Feb 2022 | CN¥663.1b | CN¥805.6b | CN¥26.7b | 24.3x | 24.8x | 0.8x |
| Fri, 14 Jan 2022 | CN¥724.4b | CN¥805.6b | CN¥26.7b | 27.4x | 27.1x | 0.9x |
| Sun, 12 Dec 2021 | CN¥752.4b | CN¥804.6b | CN¥26.6b | 24.2x | 28.3x | 0.9x |
| Tue, 09 Nov 2021 | CN¥748.9b | CN¥802.0b | CN¥26.5b | 23x | 28.2x | 0.9x |
| Thu, 07 Oct 2021 | CN¥801.6b | CN¥793.2b | CN¥27.2b | 23.5x | 29.4x | 1x |
| Sat, 04 Sep 2021 | CN¥704.5b | CN¥791.5b | CN¥27.0b | 23.4x | 26.1x | 0.9x |
| Mon, 02 Aug 2021 | CN¥869.9b | CN¥791.5b | CN¥27.0b | 26.5x | 32.2x | 1.1x |
Price to Earnings Ratio
32.2x
Current Industry PE
- Investors are pessimistic on the Chinese 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 21.8x which is lower than its 3-year average PE of 29.9x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 5.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.7% 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 industry?
| CN Market | -3.39% | |
| Healthcare | -3.88% | |
| Healthcare Services | -2.99% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -1.42% | |
| Healthcare Services | -4.83% | |
| Healthcare Facilities | -4.96% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 244x.
- Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings growth of 17.9% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading close to its 3-year average of 18.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 45% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 600511 China National Medicines | CN¥32.25 | 1.9% +CN¥460.2m | -3.7% | PE11.1x | |
| 000503 China Reform Health Management and Services Group | CN¥7.08 | 4.3% +CN¥285.4m | -39.6% | PS21.6x | |
| 301370 GKHT Medical Technology | CN¥10.08 | 5.7% +CN¥253.7m | -43.0% | PE30.5x | |
| 603122 Cowealth Medical ChinaLtd | CN¥5.41 | 8.9% +CN¥175.1m | -35.4% | PE47.8x | |
| 000705 Zhejiang Zhenyuan ShareLtd | CN¥7.36 | 4.2% +CN¥100.2m | -11.1% | PE29.9x |
