Hong Kong (HSI) Healthcare Services Industry Analysis

UpdatedJan 20, 2022

DataAggregated Company Financials

Companies49

7D-1.1%
3M-22.1%
1Y-62.1%
YTD0.6%

Over the last 7 days, the Healthcare Services industry has dropped 1.1%, driven by a decline by Hygeia Healthcare Holdings of 7.4%. Meanwhile, New Horizon Health actually outperformed within the industry, gaining 41% in the last week. However, the industry is down 62% over the past year.

Industry Valuation and Performance

Has the Hong Kong Healthcare Services Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE
Thu, 20 Jan 2022	HK$263.6b	HK$716.0b	-HK$5,284,957,123.00	18.5x
Sat, 18 Dec 2021	HK$244.0b	HK$712.7b	-HK$5,433,376,821.00	17.7x
Mon, 15 Nov 2021	HK$282.1b	HK$710.4b	-HK$5,412,729,902.00	16.3x
Wed, 13 Oct 2021	HK$320.8b	HK$691.8b	-HK$5,358,186,523.00	16.4x
Fri, 10 Sep 2021	HK$353.6b	HK$689.6b	-HK$5,408,746,530.02	17.6x
Sun, 08 Aug 2021	HK$456.4b	HK$689.6b	-HK$5,408,746,530.02	16.6x
Sat, 01 May 2021	HK$948.1b	HK$647.2b	-HK$3,726,135,594.89	20.7x
Tue, 02 Feb 2021	HK$301.5b	HK$596.1b	HK$8.0b	25x
Fri, 06 Nov 2020	HK$271.4b	HK$551.4b	HK$6.8b	18.2x
Mon, 10 Aug 2020	HK$302.5b	HK$514.6b	HK$5.7b	20.5x
Sun, 03 May 2020	HK$255.6b	HK$516.9b	HK$7.2b	19.9x
Wed, 05 Feb 2020	HK$233.9b	HK$520.1b	HK$8.3b	18.9x
Sat, 09 Nov 2019	HK$233.4b	HK$487.2b	HK$8.3b	17.6x
Fri, 02 Aug 2019	HK$204.0b	HK$475.4b	HK$8.2b	17.8x
Mon, 06 May 2019	HK$191.9b	HK$460.8b	HK$7.5b	16.7x
Thu, 07 Feb 2019	HK$202.9b	HK$431.3b	HK$6.6b	20.9x

PE Ratio

20.9x

Thu, 07 Feb 2019

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 18.8x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall. But revenues have grown 18% 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 Hong Kong Healthcare Services industry?


Healthcare Services	0.94%
Healthcare Distributors	0.36%
Managed Healthcare	-1.85%
Healthcare Facilities	-3.95%

Industry PE: Investors are most optimistic about the Managed Healthcare industry which is trading above its 3-year average PE ratio of 22.7x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Healthcare Distributors industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 13.6x.

Forecasted Growth: Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 47% over the next 5 years. This is better than it's past earnings growth rate of 30% per year. Meanwhile, the Healthcare Distributors industry is expected to see its earnings grow by 8.3% 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
6606 New Horizon Health	HK$29.05	41.0% +HK$3.6b	n/a	PS97.9x
1099 Sinopharm Group	HK$18.50	1.1% +HK$624.1m	-3.4%	PE5.9x
1345 China Pioneer Pharma Holdings	HK$2.03	4.1% +HK$96.8m	105.1%	PE22.1x
8037 China Biotech Services Holdings	HK$1.14	5.6% +HK$57.8m	-10.2%	PE30.6x
2666 Genertec Universal Medical Group	HK$5.72	0.5% +HK$56.7m	-4.5%	PE4.6x