Here's Why We Think IHH Healthcare Berhad (KLSE:IHH) Might Deserve Your Attention Today
Nov 19
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Malaysian (KLSE) Healthcare Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies30
- 7D2.6%
- 3M14.7%
- 1Y26.6%
- YTD21.7%
IHH Healthcare Berhad is up 1.3%, leading the way for the Healthcare industry, which has gained 1.8%. In the same time, TMC Life Sciences Berhad was down 5.7%. In the last 12 months, the industry was up 26%. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Malaysian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | RM 113.1b | RM 38.5b | RM 3.1b | 22.9x | 36.8x | 2.9x |
| Sat, 19 Oct 2024 | RM 108.1b | RM 38.1b | RM 3.1b | 23.6x | 34.6x | 2.8x |
| Mon, 16 Sep 2024 | RM 99.8b | RM 37.7b | RM 2.7b | 22.5x | 37.6x | 2.6x |
| Wed, 14 Aug 2024 | RM 96.1b | RM 36.2b | RM 2.6b | 22.1x | 36.5x | 2.7x |
| Fri, 12 Jul 2024 | RM 104.0b | RM 36.1b | RM 2.5b | 24x | 40.9x | 2.9x |
| Sun, 09 Jun 2024 | RM 102.7b | RM 36.0b | RM 2.4b | 23.6x | 43.5x | 2.9x |
| Tue, 07 May 2024 | RM 99.5b | RM 35.0b | RM 2.6b | 21x | 38.8x | 2.8x |
| Thu, 04 Apr 2024 | RM 95.0b | RM 35.0b | RM 2.6b | 22.1x | 37x | 2.7x |
| Sat, 02 Mar 2024 | RM 91.7b | RM 36.4b | RM 2.4b | 20.9x | 38.3x | 2.5x |
| Mon, 29 Jan 2024 | RM 94.5b | RM 35.5b | RM 1.7b | 23.2x | 55.3x | 2.7x |
| Wed, 27 Dec 2023 | RM 92.0b | RM 35.5b | RM 1.7b | 22.9x | 53.9x | 2.6x |
| Fri, 24 Nov 2023 | RM 89.2b | RM 33.3b | RM 1.3b | 24.6x | 69.5x | 2.7x |
| Sun, 22 Oct 2023 | RM 85.0b | RM 33.7b | RM 1.3b | 23.6x | 68x | 2.5x |
| Tue, 19 Sep 2023 | RM 85.7b | RM 34.2b | RM 1.7b | 23.8x | 51.9x | 2.5x |
| Thu, 17 Aug 2023 | RM 86.3b | RM 34.0b | RM 1.7b | 22.6x | 49.8x | 2.5x |
| Sat, 15 Jul 2023 | RM 83.9b | RM 34.6b | RM 1.9b | 21.3x | 43.9x | 2.4x |
| Mon, 12 Jun 2023 | RM 86.0b | RM 35.6b | RM 2.1b | 21.5x | 40.5x | 2.4x |
| Wed, 10 May 2023 | RM 88.1b | RM 35.2b | RM 1.4b | 21.6x | 63.7x | 2.5x |
| Fri, 07 Apr 2023 | RM 85.7b | RM 35.5b | RM 1.5b | 21.5x | 57.4x | 2.4x |
| Sun, 05 Mar 2023 | RM 81.7b | RM 36.3b | RM 1.7b | 19.9x | 47.4x | 2.3x |
| Tue, 31 Jan 2023 | RM 85.0b | RM 41.6b | RM 3.3b | 18.4x | 25.9x | 2x |
| Thu, 29 Dec 2022 | RM 86.8b | RM 41.6b | RM 3.3b | 19.5x | 26.5x | 2.1x |
| Sat, 26 Nov 2022 | RM 85.5b | RM 42.5b | RM 4.0b | 19.7x | 21.6x | 2x |
| Mon, 24 Oct 2022 | RM 82.9b | RM 46.9b | RM 6.0b | 12x | 13.8x | 1.8x |
| Wed, 21 Sep 2022 | RM 83.1b | RM 47.9b | RM 6.5b | 12x | 12.7x | 1.7x |
| Fri, 19 Aug 2022 | RM 89.8b | RM 49.7b | RM 7.4b | 15.5x | 12.2x | 1.8x |
| Sun, 17 Jul 2022 | RM 93.2b | RM 54.3b | RM 10.6b | 13.6x | 8.8x | 1.7x |
| Tue, 14 Jun 2022 | RM 91.7b | RM 54.1b | RM 10.4b | 13.6x | 8.8x | 1.7x |
| Thu, 12 May 2022 | RM 103.2b | RM 57.9b | RM 13.5b | 13.3x | 7.7x | 1.8x |
| Sat, 09 Apr 2022 | RM 109.9b | RM 60.8b | RM 15.7b | 14.4x | 7x | 1.8x |
| Mon, 07 Mar 2022 | RM 109.0b | RM 64.6b | RM 18.5b | 13.5x | 5.9x | 1.7x |
| Wed, 02 Feb 2022 | RM 114.0b | RM 66.7b | RM 20.6b | 15.6x | 5.5x | 1.7x |
| Fri, 31 Dec 2021 | RM 120.4b | RM 66.7b | RM 20.6b | 15.3x | 5.9x | 1.8x |
| Sun, 28 Nov 2021 | RM 121.9b | RM 68.9b | RM 22.6b | 17.4x | 5.4x | 1.8x |
Price to Earnings Ratio
5.4x
Current Industry PE
- Investors are optimistic on the Malaysian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 36.4x which is higher than its 3-year average PE of 33.0x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 49% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Healthcare sector?
| MY Market | -0.17% | |
| Healthcare | 2.63% | |
| Medical Equipment | 6.57% | |
| Healthcare Services | 1.27% | |
| Pharma | 0.82% | |
| Biotech | 0% | |
| Life Sciences | 0% | |
| Healthtech | -4.35% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 26.6x.
- Analysts are expecting annual earnings growth of 2.3%, which is higher than its past year's earnings decline of 0.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 59% over the next 5 years.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 2.3% 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 | |
|---|---|---|---|---|---|
| IHH IHH Healthcare Berhad | RM 7.26 | 1.3% +RM 793.0m | 23.7% | PE24.1x | |
| HARTA Hartalega Holdings Berhad | RM 3.57 | 6.9% +RM 785.1m | 43.4% | PE156.6x | |
| KOSSAN Kossan Rubber Industries Bhd | RM 2.46 | 9.8% +RM 561.4m | 45.6% | PE68x | |
| TOPGLOV Top Glove Corporation Bhd | RM 1.16 | 5.5% +RM 480.7m | 38.1% | PS3.7x | |
| KPJ KPJ Healthcare Berhad | RM 2.24 | 1.8% +RM 174.6m | 73.6% | PE32.1x |
