With Hartalega Holdings Berhad (KLSE:HARTA) It Looks Like You'll Get What You Pay For
Dec 25
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Malaysian (KLSE) Healthcare Sector Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies31
- 7D2.1%
- 3M11.0%
- 1Y27.3%
- YTD27.1%
Over the last 7 days, the Healthcare industry has risen 2.1%, driven by gains from IHH Healthcare Berhad of 2.8%. In the last 12 months, the industry was up 27%. Earnings are forecast to grow by 21% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | RM 118.3b | RM 39.0b | RM 3.1b | 22.1x | 38.7x | 3x |
| Wed, 27 Nov 2024 | RM 113.2b | RM 38.6b | RM 3.1b | 22.8x | 36.9x | 2.9x |
| Fri, 25 Oct 2024 | RM 110.7b | RM 38.1b | RM 3.1b | 23.4x | 35.4x | 2.9x |
| Sun, 22 Sep 2024 | RM 108.7b | RM 37.7b | RM 2.7b | 23.6x | 40.8x | 2.9x |
| Tue, 20 Aug 2024 | RM 97.9b | RM 36.3b | RM 2.6b | 22x | 37.2x | 2.7x |
| Thu, 18 Jul 2024 | RM 104.3b | RM 36.1b | RM 2.5b | 24x | 41x | 2.9x |
| Sat, 15 Jun 2024 | RM 103.9b | RM 36.0b | RM 2.4b | 23.6x | 43.9x | 2.9x |
| Mon, 13 May 2024 | RM 100.9b | RM 35.0b | RM 2.6b | 21.5x | 39.4x | 2.9x |
| Wed, 10 Apr 2024 | RM 95.5b | RM 35.0b | RM 2.6b | 21.9x | 37.2x | 2.7x |
| Fri, 08 Mar 2024 | RM 89.7b | RM 34.9b | RM 2.4b | 20.7x | 37.3x | 2.6x |
| Sun, 04 Feb 2024 | RM 94.2b | RM 35.6b | RM 1.7b | 20.8x | 54.7x | 2.6x |
| Tue, 02 Jan 2024 | RM 92.0b | RM 35.5b | RM 1.7b | 23x | 53.8x | 2.6x |
| Thu, 30 Nov 2023 | RM 88.3b | RM 33.4b | RM 1.3b | 23.5x | 67.2x | 2.6x |
| Sat, 28 Oct 2023 | RM 85.2b | RM 33.7b | RM 1.3b | 24.6x | 68.1x | 2.5x |
| Mon, 25 Sep 2023 | RM 85.9b | RM 34.2b | RM 1.7b | 24.1x | 52x | 2.5x |
| Wed, 23 Aug 2023 | RM 86.2b | RM 33.9b | RM 1.7b | 22.2x | 49.9x | 2.5x |
| Fri, 21 Jul 2023 | RM 84.6b | RM 34.6b | RM 1.9b | 21.3x | 44.3x | 2.4x |
| Sun, 18 Jun 2023 | RM 86.9b | RM 35.6b | RM 2.1b | 21.8x | 40.9x | 2.4x |
| Tue, 16 May 2023 | RM 87.5b | RM 34.8b | RM 1.3b | 21.6x | 68.4x | 2.5x |
| Thu, 13 Apr 2023 | RM 88.2b | RM 35.5b | RM 1.5b | 21.6x | 59.1x | 2.5x |
| Sat, 11 Mar 2023 | RM 81.6b | RM 36.3b | RM 1.7b | 19.6x | 46.8x | 2.2x |
| Mon, 06 Feb 2023 | RM 85.2b | RM 41.6b | RM 3.2b | 18.7x | 26.3x | 2x |
| Wed, 04 Jan 2023 | RM 85.4b | RM 41.6b | RM 3.3b | 19.5x | 26x | 2.1x |
| Fri, 02 Dec 2022 | RM 82.5b | RM 42.6b | RM 3.6b | 21.5x | 22.6x | 1.9x |
| Sun, 30 Oct 2022 | RM 84.6b | RM 46.9b | RM 6.0b | 11.8x | 14.1x | 1.8x |
| Tue, 27 Sep 2022 | RM 80.5b | RM 46.9b | RM 6.0b | 13.8x | 13.4x | 1.7x |
| Thu, 25 Aug 2022 | RM 86.0b | RM 47.8b | RM 6.5b | 11.7x | 13.3x | 1.8x |
| Sat, 23 Jul 2022 | RM 94.0b | RM 54.3b | RM 10.6b | 13.6x | 8.9x | 1.7x |
| Mon, 20 Jun 2022 | RM 89.9b | RM 54.1b | RM 10.4b | 13.4x | 8.6x | 1.7x |
| Wed, 18 May 2022 | RM 103.0b | RM 57.9b | RM 13.5b | 13.5x | 7.7x | 1.8x |
| Fri, 15 Apr 2022 | RM 107.7b | RM 60.8b | RM 15.7b | 14.3x | 6.8x | 1.8x |
| Sun, 13 Mar 2022 | RM 103.9b | RM 60.8b | RM 15.7b | 13.5x | 6.6x | 1.7x |
| Tue, 08 Feb 2022 | RM 116.7b | RM 66.7b | RM 20.6b | 15.9x | 5.7x | 1.8x |
| Thu, 06 Jan 2022 | RM 121.3b | RM 66.7b | RM 20.6b | 15.8x | 5.9x | 1.8x |
Price to Earnings Ratio
5.9x
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 38.7x which is higher than its 3-year average PE of 34.2x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 47% per year over the last three years,
- Revenues have also declined 16% 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 | 1.91% | |
| Healthcare | 2.09% | |
| Medical Equipment | 2.67% | |
| Healthcare Services | 1.92% | |
| Pharma | 0.64% | |
| Biotech | 0% | |
| Life Sciences | -1.39% | |
| Healthtech | -4.55% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 26.3x.
- Analysts expect its future annual earnings growth (2.6%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 61% over the next 5 years.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 2.6% 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 7.23 | 2.8% +RM 1.8b | 19.9% | PE24x | |
| HARTA Hartalega Holdings Berhad | RM 3.95 | 3.9% +RM 512.0m | 46.3% | PE173.2x | |
| TOPGLOV Top Glove Corporation Bhd | RM 1.37 | 3.0% +RM 320.5m | 52.2% | PS3.8x | |
| SUPERMX Supermax Corporation Berhad | RM 1.34 | 9.8% +RM 305.7m | 42.6% | PS4.9x | |
| KPJ KPJ Healthcare Berhad | RM 2.43 | 3.0% +RM 305.5m | 68.8% | PE35.6x |
