IVD Medical Holding's (HKG:1931) Promising Earnings May Rest On Soft Foundations
May 07
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Hong Kong (HSI) Healthcare Services Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies57
- 7D1.4%
- 3M-1.7%
- 1Y-33.2%
- YTD-8.5%
The Healthcare Services industry is up 1.4% in the last week, with HealthyWay up 7.1%. Meanwhile, Concord Healthcare Group actually underperformed within the industry, shrinking 8.2% in the last week. In the past year, the industry is down 33%. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$213.4b | HK$802.7b | HK$10.5b | 11.9x | 20.4x | 0.3x |
| Fri, 11 Apr 2025 | HK$208.7b | HK$791.7b | HK$10.3b | 11.1x | 20.2x | 0.3x |
| Sun, 09 Mar 2025 | HK$204.7b | HK$811.0b | HK$14.6b | 12.8x | 14x | 0.3x |
| Tue, 04 Feb 2025 | HK$198.0b | HK$812.2b | HK$14.6b | 12.6x | 13.5x | 0.2x |
| Thu, 02 Jan 2025 | HK$227.3b | HK$804.0b | HK$14.5b | 12.2x | 15.7x | 0.3x |
| Sat, 30 Nov 2024 | HK$219.2b | HK$812.0b | HK$14.6b | 12.7x | 15x | 0.3x |
| Mon, 28 Oct 2024 | HK$220.5b | HK$824.2b | HK$14.8b | 13.6x | 14.9x | 0.3x |
| Wed, 25 Sep 2024 | HK$202.7b | HK$843.8b | HK$15.7b | 13.5x | 12.9x | 0.2x |
| Fri, 23 Aug 2024 | HK$218.3b | HK$832.6b | HK$12.8b | 10.6x | 17.1x | 0.3x |
| Sun, 21 Jul 2024 | HK$238.4b | HK$818.4b | HK$12.5b | 11x | 19.1x | 0.3x |
| Tue, 18 Jun 2024 | HK$255.4b | HK$821.4b | HK$12.6b | 12.3x | 20.3x | 0.3x |
| Thu, 16 May 2024 | HK$268.5b | HK$824.0b | HK$12.6b | 12.6x | 21.4x | 0.3x |
| Sat, 13 Apr 2024 | HK$223.3b | HK$821.8b | HK$12.7b | 11.8x | 17.5x | 0.3x |
| Mon, 11 Mar 2024 | HK$239.9b | HK$815.4b | HK$11.8b | 12.8x | 20.4x | 0.3x |
| Wed, 07 Feb 2024 | HK$231.0b | HK$825.0b | HK$12.2b | 13.7x | 19x | 0.3x |
| Fri, 05 Jan 2024 | HK$240.3b | HK$818.3b | HK$12.4b | 15.4x | 19.3x | 0.3x |
| Sun, 03 Dec 2023 | HK$256.5b | HK$820.4b | HK$12.4b | 15.4x | 20.7x | 0.3x |
| Tue, 31 Oct 2023 | HK$269.5b | HK$801.2b | HK$12.3b | 13.6x | 21.9x | 0.3x |
| Thu, 28 Sep 2023 | HK$288.1b | HK$801.9b | HK$12.3b | 13.8x | 23.4x | 0.4x |
| Sat, 26 Aug 2023 | HK$277.5b | HK$782.2b | HK$10.1b | 14.7x | 27.6x | 0.4x |
| Mon, 24 Jul 2023 | HK$330.2b | HK$806.0b | -HK$109,011,588.00 | 11.6x | -3029.3x | 0.4x |
| Wed, 21 Jun 2023 | HK$305.3b | HK$786.7b | HK$649.4m | 10.8x | 470.1x | 0.4x |
| Fri, 19 May 2023 | HK$322.5b | HK$784.3b | HK$968.0m | 11.9x | 333.1x | 0.4x |
| Sun, 16 Apr 2023 | HK$342.9b | HK$801.7b | HK$1.1b | 10.6x | 300.5x | 0.4x |
| Tue, 14 Mar 2023 | HK$316.4b | HK$785.8b | HK$3.6b | 15.7x | 88.4x | 0.4x |
| Thu, 09 Feb 2023 | HK$309.4b | HK$795.3b | HK$3.5b | 16.2x | 87.9x | 0.4x |
| Sat, 07 Jan 2023 | HK$300.5b | HK$785.4b | HK$3.3b | 15.9x | 90.5x | 0.4x |
| Mon, 05 Dec 2022 | HK$275.3b | HK$763.4b | HK$2.8b | 12.5x | 97.6x | 0.4x |
| Wed, 02 Nov 2022 | HK$191.0b | HK$651.5b | -HK$2,362,451,719.00 | 13.5x | -80.9x | 0.3x |
| Fri, 30 Sep 2022 | HK$200.3b | HK$659.9b | -HK$2,386,422,897.00 | 13.5x | -83.9x | 0.3x |
| Sun, 28 Aug 2022 | HK$218.7b | HK$682.1b | -HK$1,533,366,826.00 | 16.7x | -142.6x | 0.3x |
| Tue, 26 Jul 2022 | HK$232.6b | HK$691.5b | -HK$6,925,473,616.00 | 17x | -33.6x | 0.3x |
| Thu, 23 Jun 2022 | HK$223.7b | HK$695.5b | -HK$6,067,849,469.00 | 16.8x | -36.9x | 0.3x |
| Sat, 21 May 2022 | HK$206.8b | HK$682.1b | -HK$6,804,509,199.00 | 16.9x | -30.4x | 0.3x |
Price to Earnings Ratio
-30.4x
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 20.4x which is higher than its 3-year average PE of -42.2x.
- The industry is trading close to its 3-year average PS ratio of 0.33x.
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 5.6% 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 | 2.09% | |
| Healthcare | -3.00% | |
| Healthcare Services | 1.39% | |
| Healthcare Services | 3.38% | |
| Healthcare Distributors | 0.72% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Facilities | -0.48% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 19.3x.
- Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings decline of 18.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 5.2% 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 | |
|---|---|---|---|---|---|
| 1099 Sinopharm Group | HK$18.46 | 0.9% +HK$499.3m | -18.1% | PE7.5x | |
| 9885 YSB | HK$7.55 | 6.8% +HK$324.9m | -11.9% | PE158.5x | |
| 2273 Gushengtang Holdings | HK$33.30 | 4.1% +HK$308.8m | -27.6% | PE23.9x | |
| 2325 Yunkang Group | HK$3.40 | 14.1% +HK$245.8m | -68.8% | PS2.6x | |
| 8037 China Biotech Services Holdings | HK$0.59 | 29.7% +HK$131.7m | 68.6% | PS8.2x |
