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Nigerian (NSE) Healthcare Sector Analysis

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies5
  • 7D-7.0%
  • 3M9.6%
  • 1Y7.7%
  • YTD-2.2%

Over the last 7 days, the Healthcare industry has dropped 7.0%, driven by a pullback from Mecure Industries of 19%. On the other hand Fidson Healthcare is actually up 5.3%. This takes the industry's 12 month performance to a gain of 7.7%.

Sector Valuation and Performance

Has the Nigerian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024₦101.3b₦103.4b₦3.8b8x27x1x
Tue, 22 Oct 2024₦108.0b₦92.5b₦2.0b10.8x54.2x1.2x
Thu, 19 Sep 2024₦88.0b₦92.5b₦2.0b9.7x44.1x1x
Sat, 17 Aug 2024₦93.1b₦92.5b₦2.0b10.1x46.7x1x
Mon, 15 Jul 2024₦94.2b₦84.8b₦2.1b8.7x44x1.1x
Wed, 12 Jun 2024₦91.1b₦84.8b₦2.1b8.4x42.6x1.1x
Fri, 10 May 2024₦97.2b₦84.6b₦1.9b9.4x51.9x1.1x
Sun, 07 Apr 2024₦97.3b₦75.0b₦1.7b11.3x57.8x1.3x
Tue, 05 Mar 2024₦96.1b₦75.0b₦1.7b10.5x57x1.3x
Thu, 01 Feb 2024₦125.1b₦87.0b₦4.9b10.9x25.3x1.4x
Sat, 30 Dec 2023₦129.6b₦85.6b₦4.7b11.7x27.4x1.5x
Mon, 27 Nov 2023₦115.0b₦85.6b₦4.7b11.3x24.3x1.3x
Wed, 25 Oct 2023₦67.2b₦82.7b₦5.7b7.8x11.7x0.8x
Fri, 22 Sep 2023₦68.3b₦82.7b₦5.7b8.2x11.9x0.8x
Sun, 20 Aug 2023₦66.4b₦83.1b₦6.1b8.2x10.9x0.8x
Tue, 18 Jul 2023₦64.3b₦81.7b₦6.1b8.1x10.6x0.8x
Thu, 15 Jun 2023₦54.3b₦81.7b₦6.1b5.8x8.9x0.7x
Sat, 13 May 2023₦47.5b₦81.7b₦6.1b5x7.8x0.6x
Mon, 10 Apr 2023₦47.0b₦83.3b₦6.3b5.3x7.4x0.6x
Wed, 08 Mar 2023₦48.9b₦84.2b₦5.9b5.5x8.3x0.6x
Fri, 03 Feb 2023₦45.6b₦84.2b₦5.9b5.5x7.8x0.5x
Sun, 01 Jan 2023₦42.0b₦84.7b₦6.9b4.6x6.1x0.5x
Tue, 29 Nov 2022₦40.6b₦84.7b₦6.9b4.2x5.9x0.5x
Thu, 27 Oct 2022₦40.4b₦82.6b₦6.8b6.8x6x0.5x
Sat, 24 Sep 2022₦43.4b₦82.6b₦6.8b7.1x6.4x0.5x
Mon, 22 Aug 2022₦43.8b₦82.6b₦6.8b7.2x6.5x0.5x
Wed, 20 Jul 2022₦42.8b₦77.3b₦6.0b6.8x7.2x0.6x
Fri, 17 Jun 2022₦47.1b₦77.2b₦5.3b7.3x8.8x0.6x
Sun, 15 May 2022₦50.8b₦77.2b₦5.3b8.7x9.5x0.7x
Tue, 12 Apr 2022₦37.7b₦68.8b₦4.5b8.9x8.4x0.5x
Thu, 10 Mar 2022₦42.7b₦70.2b₦4.3b14.8x10x0.6x
Sat, 05 Feb 2022₦39.8b₦70.2b₦4.3b14x9.3x0.6x
Mon, 03 Jan 2022₦35.2b₦64.0b₦4.5b7.7x7.8x0.5x
Wed, 01 Dec 2021₦36.4b₦63.8b₦4.3b8.2x8.5x0.6x
Price to Earnings Ratio

8.5x


Total Market Cap: ₦36.4bTotal Earnings: ₦4.3bTotal Revenue: ₦63.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Healthcare Sector Price to Earnings3Y Average 20.4x202220232024
Current Industry PE
  • Investors are optimistic on the Nigerian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.0x which is higher than its 3-year average PE of 20.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 4.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 17% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Nigerian Healthcare sector?

NG Market-0.043%
Healthcare-6.99%
Medical Equipment0%
Healthcare Services0%
Healthtech0%
Biotech0%
Life Sciences0%
Pharma-7.19%
Industry PE
  • Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio of 19.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Pharma industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.3x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FIDSON Fidson Healthcare₦14.855.3%
+₦1.7b		-5.7%PE9.8x
NEIMETH Neimeth International Pharmaceuticals₦1.963.2%
+₦256.4m		-12.1%PS2.2x
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Latest News

MECURE

₦10.55

Mecure Industries

7D

-18.5%

1Y

14.5%

NEIMETH

₦1.96

Neimeth International Pharmaceuticals

7D

3.2%

1Y

-12.1%

FIDSON

₦14.85

Fidson Healthcare

7D

5.3%

1Y

-5.7%