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New Zealand (NZX) Healthcare Sector Analysis

UpdatedMar 28, 2023
DataAggregated Company Financials
Companies16
  • 7D2.3%
  • 3M7.3%
  • 1Y-7.0%
  • YTD3.5%

Last week, the Healthcare industry hasn't moved much but Fisher & Paykel Healthcare is up 5.1% in that time. As for the longer term, the industry has declined 9.0% in the last year. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the New Zealand Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Mar 2023NZ$31.5bNZ$15.5bNZ$1.6b19x19.9x2x
Thu, 23 Feb 2023NZ$30.6bNZ$15.8bNZ$1.7b18.7x17.7x1.9x
Sat, 21 Jan 2023NZ$31.2bNZ$14.6bNZ$1.7b19.5x18.4x2.1x
Mon, 19 Dec 2022NZ$28.4bNZ$14.3bNZ$1.7b21.7x16.8x2x
Wed, 16 Nov 2022NZ$27.7bNZ$15.0bNZ$1.9b16.1x14.3x1.9x
Fri, 14 Oct 2022NZ$26.5bNZ$15.2bNZ$1.9b17.6x13.7x1.7x
Sun, 11 Sep 2022NZ$29.3bNZ$15.2bNZ$1.9b17.1x15.1x1.9x
Tue, 09 Aug 2022NZ$29.5bNZ$14.0bNZ$2.1b19.1x14.4x2.1x
Thu, 07 Jul 2022NZ$29.2bNZ$13.9bNZ$2.1b18.8x14.2x2.1x
Sat, 04 Jun 2022NZ$30.0bNZ$14.0bNZ$2.1b22.2x14.6x2.1x
Mon, 02 May 2022NZ$31.1bNZ$14.0bNZ$2.0b23.8x15.4x2.2x
Wed, 30 Mar 2022NZ$32.0bNZ$14.0bNZ$2.0b25.2x15.9x2.3x
Fri, 25 Feb 2022NZ$34.9bNZ$13.8bNZ$2.0b14.6x17.8x2.5x
Sun, 23 Jan 2022NZ$36.4bNZ$13.2bNZ$2.0b26.6x18.6x2.8x
Tue, 21 Dec 2021NZ$38.4bNZ$13.0bNZ$1.9bn/a19.7x2.9x
Thu, 18 Nov 2021NZ$38.8bNZ$12.9bNZ$1.9b25.2x21x3x
Sat, 16 Oct 2021NZ$37.9bNZ$13.0bNZ$1.9b26.5x20.5x2.9x
Mon, 13 Sep 2021NZ$39.5bNZ$13.1bNZ$1.9b24.4x21.3x3x
Wed, 11 Aug 2021NZ$37.3bNZ$13.0bNZ$1.9b20.5x20.1x2.9x
Sun, 06 Jun 2021NZ$35.7bNZ$13.1bNZ$1.7b20x20.8x2.7x
Wed, 10 Mar 2021NZ$35.2bNZ$12.6bNZ$1.3b22.7x27.4x2.8x
Tue, 01 Dec 2020NZ$37.5bNZ$12.4bNZ$1.0b25.4x36.6x3x
Fri, 04 Sep 2020NZ$36.4bNZ$11.9bNZ$883.7m24.1x41.2x3.1x
Mon, 08 Jun 2020NZ$30.2bNZ$10.9bNZ$854.7m22.8x35.3x2.8x
Price to Earnings Ratio

32.4x


Total Market Cap: NZ$29.1bTotal Earnings: NZ$896.0mTotal Revenue: NZ$10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 23.5x202120222023
Current Industry PE
  • Investors are pessimistic on the New Zealander 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 19.9x which is lower than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare sector?

NZ Market-0.23%
Healthcare2.30%
Medical Equipment5.09%
Healthcare Services0.057%
Healthtech0%
Life Sciences0%
Pharma-2.65%
Biotech-6.90%
Industry PE
  • Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 24.3%, which is lower than the prior year's growth of 60.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 60% per year.
  • In contrast, the Biotech industry is expected to see its earnings grow by 8.7% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
FPH Fisher & Paykel HealthcareNZ$26.374.9%
+NZ$706.6m		10.8%PE60.9x
EBO EBOS GroupNZ$45.201.6%
+NZ$139.9m		11.9%PE34.6x
RYM Ryman HealthcareNZ$5.223.8%
+NZ$130.2m		-43.3%PE5.9x
SUM Summerset Group HoldingsNZ$8.901.1%
+NZ$32.8m		-22.5%PE7.7x
OCA Oceania HealthcareNZ$0.742.8%
+NZ$14.4m		-28.8%PE15.1x
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