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New Zealand (NZX) Healthcare Sector Analysis

UpdatedDec 09, 2024
DataAggregated Company Financials
Companies15
  • 7D-3.4%
  • 3M-0.4%
  • 1Y26.5%
  • YTD25.1%

Over the last 7 days, the Healthcare industry has dropped 3.4%, driven by a pullback from Fisher & Paykel Healthcare of 3.7%. In the past year, the industry has gained 26%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Dec 2024NZ$35.8bNZ$18.1bNZ$731.6m14.1x48.9x2x
Thu, 07 Nov 2024NZ$37.0bNZ$18.3bNZ$968.2m18.2x38.2x2x
Sat, 05 Oct 2024NZ$36.5bNZ$18.2bNZ$967.4m18.9x37.7x2x
Mon, 02 Sep 2024NZ$36.0bNZ$18.0bNZ$961.9m20.7x37.5x2x
Wed, 31 Jul 2024NZ$33.8bNZ$17.7bNZ$977.5m19.4x34.6x1.9x
Fri, 28 Jun 2024NZ$30.1bNZ$17.5bNZ$972.7m16.8x30.9x1.7x
Sun, 26 May 2024NZ$30.1bNZ$17.3bNZ$1.3b20.2x23.5x1.7x
Tue, 23 Apr 2024NZ$29.6bNZ$17.3bNZ$1.3b23.9x23.1x1.7x
Thu, 21 Mar 2024NZ$28.3bNZ$17.2bNZ$1.3b24.7x22.1x1.6x
Sat, 17 Feb 2024NZ$29.3bNZ$16.6bNZ$1.1b18.6x26x1.8x
Mon, 15 Jan 2024NZ$29.6bNZ$16.6bNZ$1.1b23.1x26.2x1.8x
Wed, 13 Dec 2023NZ$28.5bNZ$16.6bNZ$1.1b23.4x25.2x1.7x
Fri, 10 Nov 2023NZ$28.0bNZ$16.5bNZ$1.1b26.3x25.3x1.7x
Sun, 08 Oct 2023NZ$28.2bNZ$16.3bNZ$1.1b31x25.5x1.7x
Tue, 05 Sep 2023NZ$29.3bNZ$16.5bNZ$1.1b30.5x26.7x1.8x
Thu, 03 Aug 2023NZ$30.6bNZ$15.7bNZ$1.1b29.5x28.6x1.9x
Sat, 01 Jul 2023NZ$30.1bNZ$15.9bNZ$1.1b29.2x28x1.9x
Mon, 29 May 2023NZ$30.6bNZ$15.7bNZ$1.6b22.3x19.4x2x
Wed, 26 Apr 2023NZ$32.5bNZ$15.6bNZ$1.6b18.6x20.6x2.1x
Fri, 24 Mar 2023NZ$31.4bNZ$15.5bNZ$1.6b18.7x19.9x2x
Sun, 19 Feb 2023NZ$31.4bNZ$14.8bNZ$1.7b18.7x18.4x2.1x
Tue, 17 Jan 2023NZ$30.1bNZ$14.7bNZ$1.7b20x17.7x2x
Thu, 15 Dec 2022NZ$28.7bNZ$14.4bNZ$1.7b21.7x16.9x2x
Sat, 12 Nov 2022NZ$27.1bNZ$14.9bNZ$1.9b16x14x1.8x
Mon, 10 Oct 2022NZ$27.5bNZ$15.4bNZ$1.9b17.2x14.2x1.8x
Wed, 07 Sep 2022NZ$28.4bNZ$15.1bNZ$1.9b17.2x14.7x1.9x
Fri, 05 Aug 2022NZ$29.8bNZ$14.0bNZ$2.1b18.2x14.5x2.1x
Sun, 03 Jul 2022NZ$27.9bNZ$13.9bNZ$2.1b19.1x13.6x2x
Tue, 31 May 2022NZ$29.8bNZ$13.8bNZ$2.0b22.2x14.6x2.2x
Thu, 28 Apr 2022NZ$31.0bNZ$14.0bNZ$2.0b24x15.4x2.2x
Sat, 26 Mar 2022NZ$32.4bNZ$13.9bNZ$2.0b25x16.1x2.3x
Mon, 21 Feb 2022NZ$35.3bNZ$13.8bNZ$2.0b24x18x2.6x
Wed, 19 Jan 2022NZ$38.7bNZ$13.1bNZ$1.9bn/a19.9x3x
Fri, 17 Dec 2021NZ$39.5bNZ$13.0bNZ$1.9b25.4x20.3x3x
Price to Earnings Ratio

20.3x


Total Market Cap: NZ$39.5bTotal Earnings: NZ$1.9bTotal Revenue: NZ$13.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 23.2x202220232024
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 48.9x which is higher than its 3-year average PE of 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 28% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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-2.04%
Healthcare-3.41%
Healthtech0%
Life Sciences0%
Healthcare Services-2.64%
Pharma-2.99%
Medical Equipment-3.89%
Biotech-7.52%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 65.1x.
    • Analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings decline of 31.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 54% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 13% 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
SUM Summerset Group HoldingsNZ$12.720.2%
+NZ$7.1m		36.8%PE7.4x
RAD Radius Residential CareNZ$0.193.9%
+NZ$2.0m		50.8%PS0.3x
GFI Greenfern IndustriesNZ$0.0224.8%
+NZ$114.4k		-46.3%n/a
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Latest News

EBO

NZ$36.80

EBOS Group

7D

-4.4%

1Y

-1.9%

FPH

NZ$37.00

Fisher & Paykel Healthcare

7D

-3.7%

1Y

56.8%

There May Be Some Bright Spots In Fisher & Paykel Healthcare's (NZSE:FPH) Earnings

Dec 05
There May Be Some Bright Spots In Fisher & Paykel Healthcare's (NZSE:FPH) Earnings

TRU

NZ$0.026

TruScreen Group

7D

-3.7%

1Y

30.0%

PEB

NZ$0.12

Pacific Edge

7D

-7.7%

1Y

37.9%

RYM

NZ$4.30

Ryman Healthcare

7D

-6.9%

1Y

-17.9%

RAD

NZ$0.19

Radius Residential Care

7D

3.9%

1Y

50.8%

AFT

NZ$2.75

AFT Pharmaceuticals

7D

-3.5%

1Y

-17.9%

OCA

NZ$0.71

Oceania Healthcare

7D

-5.3%

1Y

-1.4%

Estimating The Intrinsic Value Of Oceania Healthcare Limited (NZSE:OCA)

Nov 26
Estimating The Intrinsic Value Of Oceania Healthcare Limited (NZSE:OCA)

SUM

NZ$12.72

Summerset Group Holdings

7D

0.2%

1Y

36.8%

RUA

NZ$0.023

Rua Bioscience

7D

-23.3%

1Y

-80.8%

GFI

NZ$0.022

Greenfern Industries

7D

4.8%

1Y

-46.3%