SYNLAB (ETR:SYAB) Is Finding It Tricky To Allocate Its Capital
Nov 29
German (DAX) Healthcare Services Industry Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies17
- 7D3.2%
- 3M-4.3%
- 1Y7.8%
- YTD13.1%
The Healthcare Services industry is up 3.2% in the last week, with Fresenius SE KGaA up 4.1%. This means that the industry has gained 9.1% over the past year. Earnings are forecast to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | €36.9b | €78.1b | €1.5b | 21.2x | 24x | 0.5x |
| Tue, 31 Oct 2023 | €31.8b | €78.3b | €1.7b | 17.7x | 19x | 0.4x |
| Thu, 28 Sep 2023 | €37.1b | €78.3b | €1.7b | 20.2x | 22.2x | 0.5x |
| Sat, 26 Aug 2023 | €38.3b | €78.3b | €1.7b | 21.1x | 23x | 0.5x |
| Mon, 24 Jul 2023 | €39.2b | €77.9b | €1.9b | 22.3x | 21x | 0.5x |
| Wed, 21 Jun 2023 | €35.9b | €77.9b | €1.9b | 20.9x | 19.2x | 0.5x |
| Fri, 19 May 2023 | €36.7b | €77.9b | €1.9b | 20.7x | 19.7x | 0.5x |
| Sun, 16 Apr 2023 | €35.9b | €77.6b | €2.2b | 17.8x | 16.3x | 0.5x |
| Tue, 14 Mar 2023 | €33.3b | €77.8b | €2.4b | 16.7x | 13.9x | 0.4x |
| Thu, 09 Feb 2023 | €37.0b | €76.8b | €2.7b | 16.5x | 13.5x | 0.5x |
| Sat, 07 Jan 2023 | €36.6b | €76.8b | €2.7b | 15.5x | 13.4x | 0.5x |
| Mon, 05 Dec 2022 | €35.9b | €76.7b | €2.7b | 15.6x | 13.2x | 0.5x |
| Wed, 02 Nov 2022 | €30.1b | €75.0b | €2.9b | 11.7x | 10.3x | 0.4x |
| Fri, 30 Sep 2022 | €29.2b | €75.0b | €2.9b | 10.4x | 10x | 0.4x |
| Sun, 28 Aug 2022 | €33.7b | €75.0b | €2.9b | 10.4x | 11.5x | 0.4x |
| Tue, 26 Jul 2022 | €39.2b | €73.9b | €3.3b | 14.9x | 11.8x | 0.5x |
| Thu, 23 Jun 2022 | €38.9b | €73.9b | €3.3b | 15x | 11.7x | 0.5x |
| Sat, 21 May 2022 | €45.1b | €81.3b | €3.4b | 15.8x | 13.4x | 0.6x |
| Mon, 18 Apr 2022 | €48.0b | €80.0b | €3.4b | 21.3x | 13.9x | 0.6x |
| Wed, 16 Mar 2022 | €45.6b | €79.7b | €3.4b | 17.8x | 13.4x | 0.6x |
| Fri, 11 Feb 2022 | €49.7b | €78.8b | €3.3b | 19.3x | 15.2x | 0.6x |
| Sun, 09 Jan 2022 | €48.7b | €78.8b | €3.3b | 19.3x | 14.9x | 0.6x |
| Tue, 07 Dec 2021 | €47.9b | €62.0b | €3.3b | 19.3x | 14.6x | 0.8x |
| Thu, 04 Nov 2021 | €52.3b | €61.3b | €3.2b | 22.8x | 16.5x | 0.9x |
| Sat, 02 Oct 2021 | €52.4b | €61.3b | €3.2b | 22.8x | 16.6x | 0.9x |
| Mon, 30 Aug 2021 | €55.9b | €78.4b | €3.1b | 21x | 18.1x | 0.7x |
| Tue, 06 Jul 2021 | €56.5b | €78.4b | €3.1b | 21.8x | 18.3x | 0.7x |
| Fri, 09 Apr 2021 | €47.4b | €74.4b | €2.8b | 25.9x | 17.2x | 0.6x |
| Thu, 31 Dec 2020 | €48.6b | €74.6b | €2.8b | 24.2x | 17.3x | 0.7x |
Price to Earnings Ratio
-264.9x
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 23.8x which is higher than its 3-year average PE of 15.9x.
- The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
- Total earnings for the Healthcare industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the German Healthcare industry?
| DE Market | 1.41% | |
| Healthcare | 0.22% | |
| Healthcare Services | 3.21% | |
| Healthcare Services | 3.87% | |
| Healthcare Facilities | 0.92% | |
| Healthcare Distributors | 0.20% | |
| Managed Healthcare | 0% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 13.3x.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 48.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 21% over the next 5 years.
- In contrast, the Healthcare Facilities 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 | |
|---|---|---|---|---|---|
| FRE Fresenius SE KGaA | €29.09 | 4.1% +€647.7m | 7.5% | PE17.4x | |
| FME Fresenius Medical Care KGaA | €38.00 | 3.8% +€410.8m | 22.3% | PE24.8x | |
| SYAB SYNLAB | €11.62 | 2.4% +€59.3m | -17.7% | PE19.8x | |
| ILM1 Medios | €17.94 | 4.2% +€17.1m | -12.5% | PE22.7x | |
| V3V VITA 34 | €4.65 | 14.8% +€9.5m | -44.0% | PS1x |
