Gushengtang Holdings (HKG:2273) Shareholders Will Want The ROCE Trajectory To Continue
Jul 24
Hong Kong (HSI) Healthcare Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies57
- 7D-5.4%
- 3M-10.5%
- 1Y-35.2%
- YTD-8.1%
Over the last 7 days, the Healthcare Services industry has dropped 5.4%, driven by declines in Hygeia Healthcare Holdings and Sinopharm Group of 17% and 4.5%, respectively. On the other hand Shanghai Pioneer Holding is actually up 6.3%. The industry has fallen 35% in the last year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Hong Kong Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | HK$230.4b | HK$822.4b | HK$12.5b | 11.1x | 18.4x | 0.3x |
| Sun, 23 Jun 2024 | HK$258.1b | HK$820.3b | HK$12.5b | 12.3x | 20.7x | 0.3x |
| Tue, 21 May 2024 | HK$266.6b | HK$821.9b | HK$12.5b | 12.3x | 21.3x | 0.3x |
| Thu, 18 Apr 2024 | HK$225.9b | HK$821.2b | HK$12.7b | 11.6x | 17.8x | 0.3x |
| Sat, 16 Mar 2024 | HK$245.1b | HK$815.9b | HK$12.7b | 13.2x | 19.3x | 0.3x |
| Mon, 12 Feb 2024 | HK$233.4b | HK$819.2b | HK$12.1b | 14.2x | 19.3x | 0.3x |
| Wed, 10 Jan 2024 | HK$241.4b | HK$821.5b | HK$12.1b | 15.4x | 20x | 0.3x |
| Fri, 08 Dec 2023 | HK$255.3b | HK$820.0b | HK$12.4b | 15.4x | 20.6x | 0.3x |
| Sun, 05 Nov 2023 | HK$255.9b | HK$803.3b | HK$12.2b | 14.1x | 20.9x | 0.3x |
| Tue, 03 Oct 2023 | HK$289.7b | HK$803.9b | HK$12.3b | 12.8x | 23.5x | 0.4x |
| Thu, 31 Aug 2023 | HK$285.7b | HK$807.1b | HK$10.3b | 16x | 27.8x | 0.4x |
| Sat, 29 Jul 2023 | HK$308.2b | HK$786.3b | HK$11.5b | 11.3x | 26.7x | 0.4x |
| Mon, 26 Jun 2023 | HK$295.9b | HK$787.3b | HK$672.9m | 10.7x | 439.8x | 0.4x |
| Wed, 24 May 2023 | HK$322.5b | HK$782.5b | HK$936.1m | 11.7x | 344.6x | 0.4x |
| Fri, 21 Apr 2023 | HK$344.1b | HK$801.7b | HK$1.2b | 11x | 278.7x | 0.4x |
| Sun, 19 Mar 2023 | HK$329.1b | HK$785.5b | HK$3.9b | 15.7x | 84.6x | 0.4x |
| Tue, 14 Feb 2023 | HK$314.9b | HK$790.9b | HK$3.4b | 16x | 91.9x | 0.4x |
| Thu, 12 Jan 2023 | HK$301.4b | HK$793.4b | HK$3.5b | 16.2x | 86.6x | 0.4x |
| Sat, 10 Dec 2022 | HK$293.5b | HK$769.0b | HK$2.9b | 15x | 100.1x | 0.4x |
| Mon, 07 Nov 2022 | HK$245.1b | HK$752.5b | HK$2.1b | 14.1x | 117.3x | 0.3x |
| Wed, 05 Oct 2022 | HK$196.7b | HK$667.8b | -HK$2,109,854,970.00 | 14x | -93.2x | 0.3x |
| Fri, 02 Sep 2022 | HK$215.8b | HK$687.6b | -HK$2,066,754,400.00 | 16.4x | -104.4x | 0.3x |
| Sun, 31 Jul 2022 | HK$230.9b | HK$692.4b | -HK$6,919,955,013.00 | 17.8x | -33.4x | 0.3x |
| Tue, 28 Jun 2022 | HK$235.4b | HK$695.4b | -HK$6,058,403,173.00 | 18.5x | -38.9x | 0.3x |
| Thu, 26 May 2022 | HK$203.0b | HK$698.8b | -HK$6,178,283,863.00 | 16.4x | -32.9x | 0.3x |
| Sat, 23 Apr 2022 | HK$199.0b | HK$710.2b | -HK$7,188,674,663.00 | 17.2x | -27.7x | 0.3x |
| Mon, 21 Mar 2022 | HK$224.8b | HK$717.7b | -HK$4,867,961,545.00 | 15.7x | -46.2x | 0.3x |
| Wed, 16 Feb 2022 | HK$253.7b | HK$716.3b | -HK$5,287,786,179.00 | 17.1x | -48x | 0.4x |
| Fri, 14 Jan 2022 | HK$260.0b | HK$715.4b | -HK$5,281,349,462.00 | 18.4x | -49.2x | 0.4x |
| Sun, 12 Dec 2021 | HK$265.3b | HK$712.3b | -HK$5,429,793,614.00 | 17.5x | -48.9x | 0.4x |
| Tue, 09 Nov 2021 | HK$266.7b | HK$708.0b | -HK$5,342,543,874.00 | 15.7x | -49.9x | 0.4x |
| Thu, 07 Oct 2021 | HK$299.1b | HK$692.9b | -HK$5,365,830,424.00 | 16.6x | -55.7x | 0.4x |
| Sat, 04 Sep 2021 | HK$368.4b | HK$689.6b | -HK$5,408,746,530.02 | 17.6x | -68.1x | 0.5x |
| Mon, 02 Aug 2021 | HK$478.2b | HK$689.6b | -HK$5,408,746,530.02 | 18.9x | -88.4x | 0.7x |
Price to Earnings Ratio
-88.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong 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 18.4x which is higher than its 3-year average PE of -60.1x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
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 grown 6.0% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Healthcare industry?
| HK Market | -3.89% | |
| Healthcare | -4.81% | |
| Healthcare Services | -5.42% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -3.87% | |
| Healthcare Services | -6.17% | |
| Healthcare Facilities | -7.84% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 4.0x.
- Analysts expect its future annual earnings growth (37.8%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 38% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 6.7% 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 | |
|---|---|---|---|---|---|
| 2522 Jiangxi Rimag Group | HK$18.80 | 8.0% +HK$498.8m | n/a | PE140.1x | |
| 1931 IVD Medical Holding | HK$0.89 | 0% HK$241.1m | -27.0% | PE5.6x | |
| 1345 Shanghai Pioneer Holding | HK$2.02 | 6.3% +HK$140.9m | -17.6% | PE15.1x | |
| 9885 YSB | HK$8.13 | 2.3% +HK$115.4m | -83.6% | PS0.3x | |
| 2120 Wenzhou Kangning Hospital | HK$14.08 | 7.6% +HK$72.5m | 41.9% | PE11.1x |
