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New Zealand (NZX) Healthcare Sector Analysis

UpdatedMar 10, 2025
DataAggregated Company Financials
Companies14
  • 7D-0.5%
  • 3M-6.4%
  • 1Y18.0%
  • YTD-9.2%

Over the last 7 days, the Healthcare industry has remained flat, although notably Fisher & Paykel Healthcare gained 3.3%. As for the the longer term, the industry is up 18% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Mar 2025NZ$33.6bNZ$17.6bNZ$660.5m16.9x50.9x1.9x
Thu, 06 Feb 2025NZ$35.5bNZ$18.2bNZ$734.3m14.8x48.3x1.9x
Sat, 04 Jan 2025NZ$37.1bNZ$18.3bNZ$729.4m13.2x50.9x2x
Mon, 02 Dec 2024NZ$37.1bNZ$18.1bNZ$733.0m14.1x50.6x2x
Wed, 30 Oct 2024NZ$37.2bNZ$18.2bNZ$966.4m20.1x38.5x2x
Fri, 27 Sep 2024NZ$36.6bNZ$18.1bNZ$964.4m19.6x37.9x2x
Sun, 25 Aug 2024NZ$36.2bNZ$18.0bNZ$987.9m20.6x36.7x2x
Tue, 23 Jul 2024NZ$33.2bNZ$17.7bNZ$977.6m18.2x34x1.9x
Thu, 20 Jun 2024NZ$30.6bNZ$17.4bNZ$962.8m17x31.7x1.8x
Sat, 18 May 2024NZ$30.4bNZ$17.3bNZ$1.3b22.6x23.7x1.8x
Mon, 15 Apr 2024NZ$29.7bNZ$17.3bNZ$1.3b24.2x23.1x1.7x
Wed, 13 Mar 2024NZ$28.9bNZ$17.1bNZ$1.3b25.2x22.6x1.7x
Fri, 09 Feb 2024NZ$30.1bNZ$16.5bNZ$1.1b18.6x26.7x1.8x
Sun, 07 Jan 2024NZ$29.4bNZ$16.6bNZ$1.1b23.4x26x1.8x
Tue, 05 Dec 2023NZ$28.5bNZ$16.6bNZ$1.1b23.4x25.2x1.7x
Thu, 02 Nov 2023NZ$27.3bNZ$16.6bNZ$1.1b24.9x24.6x1.6x
Sat, 30 Sep 2023NZ$27.9bNZ$16.4bNZ$1.1b28.7x25.2x1.7x
Mon, 28 Aug 2023NZ$28.8bNZ$16.5bNZ$1.1b28.9x26.3x1.7x
Wed, 26 Jul 2023NZ$30.5bNZ$15.9bNZ$1.1b29x28.4x1.9x
Fri, 23 Jun 2023NZ$30.0bNZ$15.9bNZ$1.1b29.2x27.8x1.9x
Sun, 21 May 2023NZ$32.4bNZ$15.3bNZ$1.6b18.8x20.5x2.1x
Tue, 18 Apr 2023NZ$32.1bNZ$15.6bNZ$1.6b18.8x20.2x2.1x
Thu, 16 Mar 2023NZ$30.8bNZ$15.5bNZ$1.6b18.8x19.5x2x
Sat, 11 Feb 2023NZ$31.3bNZ$14.8bNZ$1.7b18.7x18.4x2.1x
Mon, 09 Jan 2023NZ$29.5bNZ$14.6bNZ$1.7b20x17.3x2x
Wed, 07 Dec 2022NZ$30.0bNZ$14.5bNZ$1.7b21.6x17.7x2.1x
Fri, 04 Nov 2022NZ$27.7bNZ$14.9bNZ$1.9b17.6x14.4x1.9x
Sun, 02 Oct 2022NZ$27.3bNZ$15.4bNZ$1.9b16.7x14.1x1.8x
Tue, 30 Aug 2022NZ$28.3bNZ$15.2bNZ$1.9b18.2x14.6x1.9x
Thu, 28 Jul 2022NZ$29.1bNZ$14.0bNZ$2.1b19.8x14.1x2.1x
Sat, 25 Jun 2022NZ$28.6bNZ$13.9bNZ$2.1b19.3x13.9x2.1x
Mon, 23 May 2022NZ$30.2bNZ$13.6bNZ$2.1b24x14.3x2.2x
Wed, 20 Apr 2022NZ$31.3bNZ$14.0bNZ$2.0b24x15.5x2.2x
Fri, 18 Mar 2022NZ$33.7bNZ$13.8bNZ$2.0b24.1x16.8x2.4x
Price to Earnings Ratio

16.8x


Total Market Cap: NZ$33.7bTotal Earnings: NZ$2.0bTotal Revenue: NZ$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 25.8x202320242025
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 50.9x which is higher than its 3-year average PE of 25.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% 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-1.99%
Healthcare-0.52%
Medical Equipment1.23%
Healthcare Services-2.98%
Pharma-4.24%
Biotech-9.56%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 72.5x.
    • Analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings decline of 31.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Biotech industry is expected to see its earnings grow by 10.0% 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$35.033.3%
+NZ$656.5m
42.7%PE115x
TAH Third Age Health ServicesNZ$3.201.3%
+NZ$398.2k
92.8%PE16.9x
RUA Rua BioscienceNZ$0.0283.7%
+NZ$218.8k
-62.2%PS5.8x
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