Xikang Cloud Hospital Holdings Inc.'s (HKG:9686) 25% Dip In Price Shows Sentiment Is Matching Revenues
Jul 29
Hong Kong (HSI) Healthtech Industry Analysis
UpdatedAug 02, 2024
DataAggregated Company Financials
Companies6
- 7D-0.7%
- 3M-17.1%
- 1Y-26.8%
- YTD-22.2%
In the last week, the Healthtech industry is flat overall, with Medlive Technology standing out by going down 7.4%. As for the longer term, the industry has declined 25% in the last year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Hong Kong Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 02 Aug 2024 | HK$14.4b | HK$2.9b | -HK$89,244,093.33 | 19x | -161.1x | 4.9x |
| Sun, 30 Jun 2024 | HK$14.9b | HK$2.9b | -HK$88,921,435.60 | 19x | -167.7x | 5.1x |
| Tue, 28 May 2024 | HK$15.9b | HK$2.8b | -HK$256,586,928.41 | 21.3x | -62.2x | 5.7x |
| Thu, 25 Apr 2024 | HK$15.9b | HK$2.8b | -HK$257,295,916.56 | 22.4x | -61.6x | 5.7x |
| Sat, 23 Mar 2024 | HK$15.3b | HK$2.1b | -HK$172,516,699.69 | 26.6x | -88.6x | 7.3x |
| Mon, 19 Feb 2024 | HK$14.2b | HK$2.1b | -HK$173,425,141.54 | 23.1x | -81.8x | 6.7x |
| Wed, 17 Jan 2024 | HK$15.1b | HK$2.1b | -HK$173,492,017.00 | 25.3x | -86.8x | 7.1x |
| Fri, 15 Dec 2023 | HK$17.1b | HK$2.1b | -HK$174,516,370.00 | 29.5x | -97.9x | 8x |
| Sun, 12 Nov 2023 | HK$16.1b | HK$2.2b | -HK$468,446,273.00 | 29.8x | -34.3x | 7.3x |
| Tue, 10 Oct 2023 | HK$16.6b | HK$2.2b | -HK$469,597,123.00 | 30x | -35.3x | 7.5x |
| Thu, 07 Sep 2023 | HK$15.4b | HK$2.2b | -HK$469,496,991.00 | 26x | -32.7x | 6.9x |
| Sat, 05 Aug 2023 | HK$14.0b | HK$1.7b | -HK$690,150,237.00 | 38.5x | -20.2x | 8.1x |
| Mon, 03 Jul 2023 | HK$27.1b | HK$17.1b | -HK$2,293,424,435.00 | 37.1x | -11.8x | 1.6x |
| Wed, 31 May 2023 | HK$13.3b | HK$2.2b | -HK$754,796,324.00 | 35.3x | -17.7x | 6x |
| Fri, 28 Apr 2023 | HK$16.2b | HK$2.3b | -HK$773,283,344.00 | 41.4x | -20.9x | 7.2x |
| Sun, 26 Mar 2023 | HK$21.4b | HK$2.3b | -HK$767,673,745.00 | 46.8x | -27.9x | 9.5x |
| Tue, 21 Feb 2023 | HK$22.4b | HK$2.5b | -HK$965,417,822.00 | 80.3x | -23.2x | 8.9x |
| Thu, 19 Jan 2023 | HK$19.8b | HK$2.6b | -HK$977,894,339.00 | 82.2x | -20.3x | 7.7x |
| Sat, 17 Dec 2022 | HK$19.9b | HK$2.5b | -HK$945,508,897.00 | 86.1x | -21x | 8x |
| Mon, 14 Nov 2022 | HK$16.6b | HK$2.5b | -HK$1,031,716,479.00 | 69.7x | -16.1x | 6.7x |
| Wed, 12 Oct 2022 | HK$15.4b | HK$2.5b | -HK$1,027,165,913.00 | 68.9x | -15x | 6.2x |
| Fri, 09 Sep 2022 | HK$19.3b | HK$2.5b | -HK$1,045,238,354.00 | 83.3x | -18.5x | 7.6x |
| Sun, 07 Aug 2022 | HK$20.0b | HK$2.2b | -HK$1,086,999,850.00 | 163x | -18.4x | 9.1x |
| Tue, 05 Jul 2022 | HK$21.9b | HK$2.2b | -HK$1,095,649,106.00 | 175.6x | -20x | 9.9x |
| Thu, 02 Jun 2022 | HK$18.1b | HK$2.0b | -HK$3,671,140,688.00 | 128.4x | -4.9x | 8.9x |
| Sat, 30 Apr 2022 | HK$19.4b | HK$2.0b | -HK$3,695,369,255.00 | 138x | -5.2x | 9.5x |
| Mon, 28 Mar 2022 | HK$20.3b | HK$2.1b | -HK$3,834,607,073.00 | 117.6x | -5.3x | 9.7x |
| Wed, 23 Feb 2022 | HK$99.7b | HK$23.8b | -HK$3,847,858,350.00 | 78.5x | -25.9x | 4.2x |
| Fri, 21 Jan 2022 | HK$136.5b | HK$23.8b | -HK$3,837,126,235.00 | 165.6x | -35.6x | 5.7x |
| Sun, 19 Dec 2021 | HK$139.5b | HK$23.6b | -HK$3,748,193,610.00 | 246.6x | -37.2x | 5.9x |
| Tue, 16 Nov 2021 | HK$194.2b | HK$20.6b | -HK$4,030,652,837.00 | 332x | -48.2x | 9.4x |
| Thu, 14 Oct 2021 | HK$203.7b | HK$20.4b | -HK$3,981,437,338.00 | 342.1x | -51.2x | 10x |
| Sat, 11 Sep 2021 | HK$236.1b | HK$20.0b | -HK$3,909,505,616.11 | 352.3x | -60.4x | 11.8x |
| Mon, 09 Aug 2021 | HK$212.2b | HK$20.0b | -HK$3,909,505,616.11 | 318.8x | -54.3x | 10.6x |
Price to Earnings Ratio
-54.3x
Current Industry PE
- Investors are pessimistic on the Hong Kong Healthcare Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.5x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 47% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the Hong Kong Healthcare industry?
| HK Market | 1.31% | |
| Healthcare | 1.97% | |
| Healthtech | -0.71% | |
| Healthtech | -0.71% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2415 MedSci Healthcare Holdings | HK$1.87 | 10.0% +HK$91.1m | -78.0% | PE16.8x | |
| 2251 Beijing Airdoc Technology | HK$12.96 | 2.4% +HK$30.8m | 30.8% | PS6x | |
| 9686 Xikang Cloud Hospital Holdings | HK$0.81 | 1.3% +HK$8.4m | n/a | PS1.2x |