Capital Allocation Trends At Fresenius SE KGaA (ETR:FRE) Aren't Ideal
Jan 10
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German (DAX) Healthcare Services Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies13
- 7D3.7%
- 3M9.6%
- 1Y30.8%
- YTD5.3%
Over the last 7 days, the Healthcare Services industry has risen 3.9%, driven by gains from Fresenius SE KGaA of 5.3%. This takes the industry's 12 month performance to a gain of 31%. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the German Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | €38.0b | €49.7b | €345.3m | 21.9x | 110.1x | 0.8x |
| Thu, 19 Dec 2024 | €36.8b | €50.0b | €354.9m | 20.3x | 103.8x | 0.7x |
| Sat, 16 Nov 2024 | €35.5b | €50.0b | €352.5m | 18.6x | 100.7x | 0.7x |
| Mon, 14 Oct 2024 | €33.8b | €49.9b | €1.4b | 19.2x | 23.7x | 0.7x |
| Wed, 11 Sep 2024 | €34.4b | €49.9b | €1.4b | 23x | 24.3x | 0.7x |
| Fri, 09 Aug 2024 | €31.5b | €49.8b | €1.4b | 24.2x | 22.3x | 0.6x |
| Sun, 07 Jul 2024 | €31.5b | €49.8b | €954.9m | 22.8x | 32.9x | 0.6x |
| Tue, 04 Jun 2024 | €32.4b | €49.7b | €962.7m | 23.8x | 33.7x | 0.7x |
| Thu, 02 May 2024 | €31.6b | €49.4b | €987.0m | 23.3x | 32x | 0.6x |
| Sat, 30 Mar 2024 | €28.8b | €49.5b | €987.0m | 21x | 29.1x | 0.6x |
| Mon, 26 Feb 2024 | €29.1b | €68.7b | €1.6b | 20x | 17.8x | 0.4x |
| Wed, 24 Jan 2024 | €34.6b | €78.1b | €1.5b | 19.3x | 22.5x | 0.4x |
| Fri, 22 Dec 2023 | €36.6b | €78.1b | €1.5b | 19.6x | 23.8x | 0.5x |
| Sun, 19 Nov 2023 | €35.1b | €78.1b | €1.5b | 20.2x | 22.8x | 0.4x |
| Tue, 17 Oct 2023 | €32.8b | €78.3b | €1.7b | 17.5x | 19.6x | 0.4x |
| Thu, 14 Sep 2023 | €36.9b | €78.3b | €1.7b | 20.1x | 22.1x | 0.5x |
| Sat, 12 Aug 2023 | €39.9b | €78.2b | €1.7b | 23x | 23.9x | 0.5x |
| Mon, 10 Jul 2023 | €35.2b | €77.9b | €1.9b | 20.9x | 18.8x | 0.5x |
| Wed, 07 Jun 2023 | €35.7b | €78.0b | €1.9b | 20.3x | 19.2x | 0.5x |
| Fri, 05 May 2023 | €35.5b | €77.6b | €2.2b | 17.6x | 16.2x | 0.5x |
| Sun, 02 Apr 2023 | €34.5b | €77.5b | €2.2b | 17.1x | 15.7x | 0.4x |
| Tue, 28 Feb 2023 | €34.7b | €77.1b | €2.6b | 16.1x | 13.1x | 0.5x |
| Thu, 26 Jan 2023 | €35.6b | €76.8b | €2.7b | 15.5x | 13x | 0.5x |
| Sat, 24 Dec 2022 | €34.3b | €76.7b | €2.7b | 15.6x | 12.6x | 0.4x |
| Mon, 21 Nov 2022 | €33.5b | €76.8b | €2.8b | 12.7x | 12x | 0.4x |
| Wed, 19 Oct 2022 | €28.7b | €75.0b | €2.9b | 10.8x | 9.8x | 0.4x |
| Fri, 16 Sep 2022 | €33.8b | €75.1b | €2.9b | 12.4x | 11.6x | 0.5x |
| Sun, 14 Aug 2022 | €34.7b | €74.9b | €2.9b | 10.4x | 11.8x | 0.5x |
| Tue, 12 Jul 2022 | €40.3b | €73.9b | €3.3b | 15.7x | 12.1x | 0.5x |
| Thu, 09 Jun 2022 | €44.3b | €81.4b | €3.4b | 16.4x | 13.1x | 0.5x |
| Sat, 07 May 2022 | €46.4b | €80.0b | €3.4b | 17.7x | 13.4x | 0.6x |
| Mon, 04 Apr 2022 | €47.0b | €80.0b | €3.4b | 21.4x | 13.6x | 0.6x |
| Wed, 02 Mar 2022 | €44.3b | €79.7b | €3.4b | 19.3x | 13x | 0.6x |
| Fri, 28 Jan 2022 | €50.3b | €78.8b | €3.3b | 19.5x | 15.4x | 0.6x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are optimistic on the German Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 110x which is higher than its 3-year average PE of 24.7x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 53% per year over the last three years,
- Revenues have also declined 14% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the German Healthcare industry?
| DE Market | 3.51% | |
| Healthcare | 2.18% | |
| Healthcare Services | 3.66% | |
| Healthcare Services | 3.88% | |
| Healthcare Facilities | 0.28% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Distributors | -2.05% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 24.5x.
- Analysts are expecting annual earnings growth of 26.3%, which is lower than the prior year's growth of 46.5% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 28.0x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 32% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| FRE Fresenius SE KGaA | €36.38 | 5.3% +€1.0b | 37.6% | PS0.9x | |
| FME Fresenius Medical Care | €44.50 | 2.5% +€314.0m | 22.6% | PE19.8x | |
| M12 M1 Kliniken | €15.65 | 4.0% +€11.1m | 50.5% | PE17.3x | |
| MAK Maternus-Kliniken | €1.53 | 9.3% +€2.7m | -38.3% | PS0.3x | |
| V3V VITA 34 | €4.14 | 2.0% +€1.4m | -21.3% | PE28x |
