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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedJun 18, 2024
DataAggregated Company Financials
Companies9
  • 7D-2.3%
  • 3M-14.9%
  • 1Y-21.5%
  • YTD-19.8%

Over the last 7 days, the Healthcare Services industry has dropped 2.3%, driven by a pullback from EBOS Group of 2.7%. Overall the industry is down 22% in 12 months. As for the next few years, earnings are expected to grow by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Jun 2024NZ$12.0bNZ$15.4bNZ$869.8m12.4x13.8x0.8x
Thu, 16 May 2024NZ$12.9bNZ$15.5bNZ$1.1b10.3x12x0.8x
Sat, 13 Apr 2024NZ$13.9bNZ$15.4bNZ$1.1b12.3x12.9x0.9x
Mon, 11 Mar 2024NZ$14.0bNZ$15.2bNZ$1.1b11.9x13.1x0.9x
Wed, 07 Feb 2024NZ$14.9bNZ$14.7bNZ$897.4m14.2x16.6x1x
Fri, 05 Jan 2024NZ$14.9bNZ$14.8bNZ$899.1m16x16.5x1x
Sun, 03 Dec 2023NZ$14.4bNZ$14.7bNZ$898.8m14.6x16x1x
Tue, 31 Oct 2023NZ$14.2bNZ$14.9bNZ$886.3m22.8x16x1x
Thu, 28 Sep 2023NZ$14.9bNZ$14.6bNZ$880.6m20.8x17x1x
Sat, 26 Aug 2023NZ$15.3bNZ$14.8bNZ$879.3m21.3x17.4x1x
Mon, 24 Jul 2023NZ$15.9bNZ$14.1bNZ$859.7m23.5x18.5x1.1x
Wed, 21 Jun 2023NZ$15.3bNZ$14.2bNZ$861.7m22.6x17.8x1.1x
Fri, 19 May 2023NZ$15.7bNZ$13.8bNZ$1.4b15.7x11.5x1.1x
Sun, 16 Apr 2023NZ$15.6bNZ$14.0bNZ$1.4b14.3x11.5x1.1x
Tue, 14 Mar 2023NZ$15.3bNZ$13.9bNZ$1.4b15.1x11.3x1.1x
Thu, 09 Feb 2023NZ$15.2bNZ$13.2bNZ$1.5b17.7x10.3x1.2x
Sat, 07 Jan 2023NZ$15.1bNZ$13.0bNZ$1.5b16.1x10.3x1.2x
Mon, 05 Dec 2022NZ$15.1bNZ$12.8bNZ$1.5b17x10.3x1.2x
Wed, 02 Nov 2022NZ$15.2bNZ$13.1bNZ$1.6b9.7x9.6x1.2x
Fri, 30 Sep 2022NZ$15.9bNZ$13.6bNZ$1.6b10.6x10x1.2x
Sun, 28 Aug 2022NZ$16.3bNZ$13.4bNZ$1.6b11.4x10.3x1.2x
Tue, 26 Jul 2022NZ$16.1bNZ$12.2bNZ$1.7b11x9.5x1.3x
Thu, 23 Jun 2022NZ$16.0bNZ$12.1bNZ$1.7b11x9.4x1.3x
Sat, 21 May 2022NZ$17.0bNZ$12.0bNZ$1.5b10x11.2x1.4x
Mon, 18 Apr 2022NZ$17.4bNZ$11.9bNZ$1.5b9.5x11.5x1.5x
Wed, 16 Mar 2022NZ$16.3bNZ$11.7bNZ$1.5b9.6x10.8x1.4x
Fri, 11 Feb 2022NZ$17.7bNZ$11.1bNZ$1.4bn/a12.2x1.6x
Sun, 09 Jan 2022NZ$19.3bNZ$11.0bNZ$1.4b12.1x13.3x1.8x
Tue, 07 Dec 2021NZ$17.5bNZ$10.8bNZ$1.4bn/a12.1x1.6x
Thu, 04 Nov 2021NZ$18.6bNZ$10.8bNZ$1.3b16.6x13.8x1.7x
Sat, 02 Oct 2021NZ$19.3bNZ$10.8bNZ$1.3b17.6x14.3x1.8x
Mon, 30 Aug 2021NZ$19.6bNZ$10.9bNZ$1.3b14.4x14.5x1.8x
Tue, 06 Jul 2021NZ$17.3bNZ$10.9bNZ$1.3b12.8x12.8x1.6x
Price to Earnings Ratio

12.8x


Total Market Cap: NZ$17.3bTotal Earnings: NZ$1.3bTotal Revenue: NZ$10.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 13x202220232024
Current Industry PE
  • Investors are relatively neutral on the New Zealander Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.0x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 14% 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 industry?

NZ Market-0.90%
Healthcare0.85%
Healthcare Services-2.34%
Healthcare Services2.03%
Managed Healthcare0%
Healthcare Facilities-1.92%
Healthcare Distributors-2.75%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 10.5% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading close to its 3-year average of 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 6.3% 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
RAD Radius Residential CareNZ$0.152.1%
+NZ$854.6k
-27.3%PS0.2x
TAH Third Age Health ServicesNZ$1.512.0%
+NZ$300.1k
13.5%PE10.9x
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