We Think Fresenius SE KGaA (ETR:FRE) Is Taking Some Risk With Its Debt
Jul 15
German (DAX) Healthcare Services Industry Analysis
UpdatedJul 28, 2024
DataAggregated Company Financials
Companies14
- 7D4.0%
- 3M6.5%
- 1Y-1.9%
- YTD4.1%
The Healthcare Services industry is up 4.0% in the last week, with Fresenius SE KGaA up 6.3%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 22% 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, 28 Jul 2024 | €33.2b | €49.7b | €969.1m | 24.8x | 34.3x | 0.7x |
| Tue, 25 Jun 2024 | €31.1b | €49.7b | €969.1m | 23.6x | 32.1x | 0.6x |
| Thu, 23 May 2024 | €31.2b | €49.7b | €959.4m | 23.5x | 32.5x | 0.6x |
| Sat, 20 Apr 2024 | €29.8b | €49.4b | €987.0m | 21.4x | 30.2x | 0.6x |
| Mon, 18 Mar 2024 | €28.6b | €49.4b | €1.0b | 20.2x | 27.3x | 0.6x |
| Wed, 14 Feb 2024 | €29.7b | €68.7b | €1.6b | 20.3x | 18.7x | 0.4x |
| Fri, 12 Jan 2024 | €35.9b | €78.1b | €1.5b | 19.4x | 23.3x | 0.5x |
| Sun, 10 Dec 2023 | €36.6b | €78.1b | €1.5b | 20.5x | 23.8x | 0.5x |
| Tue, 07 Nov 2023 | €32.6b | €78.1b | €1.5b | 21.2x | 22.1x | 0.4x |
| Thu, 05 Oct 2023 | €36.9b | €78.3b | €1.7b | 19.1x | 22.1x | 0.5x |
| Sat, 02 Sep 2023 | €38.5b | €78.3b | €1.7b | 21.2x | 23x | 0.5x |
| Mon, 31 Jul 2023 | €38.9b | €77.9b | €1.9b | 23.1x | 20.8x | 0.5x |
| Wed, 28 Jun 2023 | €35.7b | €77.9b | €1.9b | 20.3x | 19.1x | 0.5x |
| Fri, 26 May 2023 | €36.3b | €77.9b | €1.9b | 20.7x | 19.4x | 0.5x |
| Sun, 23 Apr 2023 | €35.8b | €77.6b | €2.2b | 17.7x | 16.3x | 0.5x |
| Tue, 21 Mar 2023 | €33.1b | €77.5b | €2.2b | 16.5x | 15x | 0.4x |
| Thu, 16 Feb 2023 | €37.5b | €76.8b | €2.7b | 16.6x | 13.7x | 0.5x |
| Sat, 14 Jan 2023 | €36.4b | €76.8b | €2.7b | 15.6x | 13.3x | 0.5x |
| Mon, 12 Dec 2022 | €35.3b | €76.7b | €2.7b | 15.6x | 13x | 0.5x |
| Wed, 09 Nov 2022 | €32.5b | €76.7b | €2.8b | 11.7x | 11.6x | 0.4x |
| Fri, 07 Oct 2022 | €29.3b | €75.0b | €2.9b | 10.5x | 10x | 0.4x |
| Sun, 04 Sep 2022 | €33.5b | €75.0b | €2.9b | 12.4x | 11.4x | 0.4x |
| Tue, 02 Aug 2022 | €35.2b | €73.9b | €3.3b | 10.3x | 10.5x | 0.5x |
| Thu, 30 Jun 2022 | €41.0b | €73.9b | €3.3b | 16x | 12.3x | 0.6x |
| Sat, 28 May 2022 | €45.6b | €81.3b | €3.4b | 16.3x | 13.5x | 0.6x |
| Mon, 25 Apr 2022 | €47.7b | €80.0b | €3.4b | 21.5x | 13.8x | 0.6x |
| Wed, 23 Mar 2022 | €46.1b | €79.8b | €3.4b | 18x | 13.5x | 0.6x |
| Fri, 18 Feb 2022 | €49.7b | €78.8b | €3.3b | 19.3x | 15.2x | 0.6x |
| Sun, 16 Jan 2022 | €50.0b | €78.8b | €3.3b | 19.3x | 15.3x | 0.6x |
| Tue, 14 Dec 2021 | €47.1b | €62.0b | €3.3b | 19.3x | 14.4x | 0.8x |
| Thu, 11 Nov 2021 | €50.5b | €61.9b | €3.1b | 22.8x | 16.5x | 0.8x |
| Sat, 09 Oct 2021 | €52.2b | €61.3b | €3.2b | 22.8x | 16.6x | 0.9x |
| Mon, 06 Sep 2021 | €55.9b | €78.4b | €3.1b | 21x | 18.1x | 0.7x |
| Wed, 04 Aug 2021 | €56.7b | €78.4b | €3.1b | 21.3x | 18.4x | 0.7x |
Price to Earnings Ratio
18.4x
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 34.3x which is higher than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 32% 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 | 0.70% | |
| Healthcare | 3.89% | |
| Healthcare Services | 4.03% | |
| Healthcare Services | 4.43% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -2.31% | |
| Healthcare Distributors | -2.46% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings decline of 45.1% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.8x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 30% over the next 5 years.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 16% 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 | €31.86 | 6.3% +€1.1b | 10.7% | PE57.5x | |
| FME Fresenius Medical Care | €37.18 | 2.5% +€261.1m | -21.5% | PE22.6x | |
| LIK LIMES Schlosskliniken | €380.00 | 1.6% +€1.8m | 1.6% | PE32.8x | |
| EIF MedNation | €1.45 | 2.1% +€90.5k | -23.7% | PE1.9x |
