New Zealand (NZX) Healthcare Sector Analysis

Sector Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 19 Apr 2024	NZ$29.5b	NZ$17.3b	NZ$1.3b	23.5x	23x	1.7x
Sun, 17 Mar 2024	NZ$28.6b	NZ$17.2b	NZ$1.3b	25.8x	22.3x	1.7x
Tue, 13 Feb 2024	NZ$29.1b	NZ$16.5b	NZ$1.1b	18.5x	25.8x	1.8x
Thu, 11 Jan 2024	NZ$29.7b	NZ$16.6b	NZ$1.1b	23.1x	26.2x	1.8x
Sat, 09 Dec 2023	NZ$28.6b	NZ$16.6b	NZ$1.1b	23.4x	25.3x	1.7x
Mon, 06 Nov 2023	NZ$28.1b	NZ$16.6b	NZ$1.1b	25.8x	25.3x	1.7x
Wed, 04 Oct 2023	NZ$28.0b	NZ$16.3b	NZ$1.1b	31x	25.3x	1.7x
Fri, 01 Sep 2023	NZ$29.5b	NZ$16.5b	NZ$1.1b	30.4x	26.8x	1.8x
Sun, 30 Jul 2023	NZ$30.7b	NZ$15.8b	NZ$1.1b	29.4x	28.6x	1.9x
Tue, 27 Jun 2023	NZ$29.2b	NZ$15.8b	NZ$1.1b	28.8x	27.1x	1.8x
Thu, 25 May 2023	NZ$31.5b	NZ$15.5b	NZ$1.6b	17.9x	19.9x	2x
Sat, 22 Apr 2023	NZ$31.8b	NZ$15.7b	NZ$1.6b	18.8x	20.1x	2x
Mon, 20 Mar 2023	NZ$31.1b	NZ$15.5b	NZ$1.6b	19x	19.7x	2x
Wed, 15 Feb 2023	NZ$31.1b	NZ$14.8b	NZ$1.7b	18.7x	18.3x	2.1x
Fri, 13 Jan 2023	NZ$29.5b	NZ$14.7b	NZ$1.7b	20x	17.4x	2x
Sun, 11 Dec 2022	NZ$28.8b	NZ$14.4b	NZ$1.7b	21.7x	17x	2x
Tue, 08 Nov 2022	NZ$27.4b	NZ$14.9b	NZ$1.9b	16.8x	14.2x	1.8x
Thu, 06 Oct 2022	NZ$27.9b	NZ$15.3b	NZ$1.9b	17x	14.4x	1.8x
Sat, 03 Sep 2022	NZ$28.7b	NZ$15.1b	NZ$1.9b	17.1x	14.8x	1.9x
Mon, 01 Aug 2022	NZ$29.9b	NZ$14.0b	NZ$2.1b	18.7x	14.5x	2.1x
Wed, 29 Jun 2022	NZ$29.1b	NZ$13.9b	NZ$2.1b	19.2x	14.2x	2.1x
Fri, 27 May 2022	NZ$29.7b	NZ$14.2b	NZ$2.2b	21.2x	13.6x	2.1x
Sun, 24 Apr 2022	NZ$31.7b	NZ$14.1b	NZ$2.0b	24.3x	15.7x	2.3x
Tue, 22 Mar 2022	NZ$34.4b	NZ$13.8b	NZ$2.0b	25.1x	17.1x	2.5x
Thu, 17 Feb 2022	NZ$34.4b	NZ$13.9b	NZ$2.0b	29.9x	17.5x	2.5x
Sat, 15 Jan 2022	NZ$39.0b	NZ$13.1b	NZ$1.9b	26.8x	20x	3x
Mon, 13 Dec 2021	NZ$38.3b	NZ$13.0b	NZ$1.9b	25.7x	19.6x	2.9x
Wed, 10 Nov 2021	NZ$39.4b	NZ$12.8b	NZ$1.8b	n/a	21.3x	3.1x
Fri, 08 Oct 2021	NZ$38.3b	NZ$12.9b	NZ$1.9b	26.4x	20.7x	3x
Sun, 05 Sep 2021	NZ$40.6b	NZ$13.0b	NZ$1.9b	19.7x	21.9x	3.1x
Tue, 03 Aug 2021	NZ$37.5b	NZ$13.0b	NZ$1.9b	20.2x	20.3x	2.9x
Fri, 07 May 2021	NZ$39.1b	NZ$13.1b	NZ$1.7b	20x	22.7x	3x

Current Industry PE

Investors are optimistic on the New Zealander Healthcare industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 23.0x which is higher than its 3-year average PE of 20.3x.

The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.7x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have declined 9.2% per year over the last three years.
Meanwhile revenues for these companies have grown 9.8% 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 New Zealand Healthcare sector?


NZ Market	-0.80%
Healthcare	-0.49%
Medical Equipment	0.90%
Healthtech	0%
Life Sciences	0%
Healthcare Services	-1.94%
Biotech	-2.30%
Pharma	-3.75%

Industry PE

Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 43.7x.

Analysts are expecting annual earnings growth of 17.9%, which is higher than its past year's earnings growth of 4.3% per year.

Forecasted Growth

Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 39% over the next 5 years.

In contrast, the Healthcare Services industry is expected to see its earnings grow by 5.4% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
FPH Fisher & Paykel Healthcare	NZ$26.60	1.4% +NZ$216.1m	-1.6%	PE59.4x
BLT BLIS Technologies	NZ$0.018	5.9% +NZ$1.3m	-33.3%	PS2.1x
MEE Me Today	NZ$0.11	18.8% +NZ$977.8k	-88.6%	PS0.9x

Company

Last Price

Valuation

FPH Fisher & Paykel Healthcare

NZ$26.60

1.4%
+NZ$216.1m

-1.6%

PE59.4x

BLT BLIS Technologies

NZ$0.018

5.9%
+NZ$1.3m

-33.3%