Earnings Update: AstraZeneca PLC Beat Earnings And Now Analysts Have New Forecasts For This Year
Apr 27
U.K. (FTSE) Healthcare Sector Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies101
- 7D7.0%
- 3M9.8%
- 1Y2.5%
- YTD9.1%
In the last week, the Healthcare industry is up 7.0%, with AstraZeneca up 9.5%. In the same time, ConvaTec Group was down 8.8%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Sector Valuation and Performance
Has the U.K. Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | UK£283.4b | UK£82.1b | UK£10.0b | 29.7x | 28.5x | 3.5x |
| Mon, 25 Mar 2024 | UK£264.9b | UK£81.1b | UK£9.6b | 34.4x | 27.5x | 3.3x |
| Wed, 21 Feb 2024 | UK£257.9b | UK£79.7b | UK£9.4b | 36.5x | 27.3x | 3.2x |
| Fri, 19 Jan 2024 | UK£271.6b | UK£84.0b | UK£10.6b | 38.7x | 25.5x | 3.2x |
| Sun, 17 Dec 2023 | UK£261.7b | UK£84.1b | UK£10.7b | 40.2x | 24.6x | 3.1x |
| Tue, 14 Nov 2023 | UK£260.7b | UK£85.6b | UK£10.8b | 40.3x | 24.2x | 3x |
| Thu, 12 Oct 2023 | UK£278.6b | UK£85.5b | UK£10.3b | 40.9x | 27.1x | 3.3x |
| Sat, 09 Sep 2023 | UK£275.6b | UK£84.8b | UK£10.2b | 40.2x | 27x | 3.2x |
| Mon, 07 Aug 2023 | UK£274.3b | UK£83.9b | UK£10.1b | 43.3x | 27x | 3.3x |
| Wed, 05 Jul 2023 | UK£268.8b | UK£82.6b | UK£7.9b | 43.5x | 34.1x | 3.3x |
| Fri, 02 Jun 2023 | UK£284.1b | UK£83.3b | UK£8.0b | 48.2x | 35.7x | 3.4x |
| Sun, 30 Apr 2023 | UK£291.6b | UK£83.1b | UK£7.9b | 48.6x | 36.8x | 3.5x |
| Tue, 28 Mar 2023 | UK£278.6b | UK£84.8b | UK£7.0b | 40.2x | 40x | 3.3x |
| Thu, 23 Feb 2023 | UK£288.0b | UK£85.4b | UK£7.2b | 43.1x | 39.9x | 3.4x |
| Sat, 21 Jan 2023 | UK£281.7b | UK£94.1b | UK£6.6b | 36x | 43x | 3x |
| Mon, 19 Dec 2022 | UK£279.5b | UK£94.9b | UK£6.6b | 36.7x | 42.3x | 2.9x |
| Wed, 16 Nov 2022 | UK£271.4b | UK£95.9b | UK£6.7b | 34.2x | 40.6x | 2.8x |
| Fri, 14 Oct 2022 | UK£582.8b | UK£96.1b | UK£4.0b | 27.2x | 145.9x | 6.1x |
| Sun, 11 Sep 2022 | UK£267.2b | UK£94.8b | UK£4.1b | 37.7x | 65.7x | 2.8x |
| Tue, 09 Aug 2022 | UK£284.4b | UK£92.6b | UK£4.1b | 35.8x | 70.2x | 3.1x |
| Thu, 07 Jul 2022 | UK£311.4b | UK£90.4b | UK£4.9b | 34.8x | 63.3x | 3.4x |
| Sat, 04 Jun 2022 | UK£299.2b | UK£88.1b | UK£5.0b | 28.8x | 60.2x | 3.4x |
| Mon, 02 May 2022 | UK£310.2b | UK£88.4b | UK£5.0b | 31.8x | 61.7x | 3.5x |
| Wed, 30 Mar 2022 | UK£295.3b | UK£80.9b | UK£5.1b | 40.1x | 57.8x | 3.7x |
| Fri, 25 Feb 2022 | UK£132.4b | UK£52.1b | UK£5.1b | 31.2x | 26.2x | 2.5x |
| Sun, 23 Jan 2022 | UK£280.3b | UK£75.3b | UK£6.0b | 33x | 46.5x | 3.7x |
| Tue, 21 Dec 2021 | UK£278.7b | UK£76.1b | UK£6.1b | 31.3x | 45.9x | 3.7x |
| Thu, 18 Nov 2021 | UK£282.8b | UK£75.6b | UK£6.1b | 28.7x | 46x | 3.7x |
| Sat, 16 Oct 2021 | UK£276.1b | UK£71.9b | UK£7.8b | 31.1x | 35.3x | 3.8x |
| Mon, 13 Sep 2021 | UK£263.8b | UK£71.4b | UK£7.9b | 34x | 33.4x | 3.7x |
| Wed, 11 Aug 2021 | UK£267.5b | UK£71.4b | UK£7.9b | 33.2x | 34.1x | 3.7x |
| Sun, 06 Jun 2021 | UK£237.4b | UK£69.0b | UK£8.7b | 36.6x | 27.2x | 3.4x |
Price to Earnings Ratio
26.6x
Current Industry PE
- Investors are pessimistic on the British 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 28.5x which is lower than its 3-year average PE of 43.0x.
- The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 4.4% per year over the last three years.
- Revenues for these companies have grown 6.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.K. Healthcare sector?
| GB Market | 2.84% | |
| Healthcare | 7.01% | |
| Pharma | 7.75% | |
| Life Sciences | 2.35% | |
| Biotech | 2.18% | |
| Healthcare Services | -0.082% | |
| Medical Equipment | -1.99% | |
| Healthtech | -2.53% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 89.8x.
- Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings growth of 17.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Life Sciences industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| AZN AstraZeneca | UK£119.88 | 9.5% +UK£16.2b | 2.1% | PE36.7x | |
| GSK GSK | UK£16.53 | 3.4% +UK£2.2b | 14.7% | PE13.7x | |
| HIK Hikma Pharmaceuticals | UK£19.13 | 6.3% +UK£252.9m | 3.9% | PE27.9x | |
| HCM HUTCHMED (China) | UK£2.90 | 7.4% +UK£170.7m | 15.3% | PE30.7x | |
| SN. Smith & Nephew | UK£9.81 | 2.0% +UK£167.4m | -25.4% | PE40.6x |
