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New Zealand (NZX) Healthcare Services Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies9
  • 7D-3.4%
  • 3M-6.7%
  • 1Y-13.6%
  • YTD-8.9%

Over the last 7 days, the Healthcare Services industry has dropped 3.4%, driven by a pullback from EBOS Group of 5.4%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024NZ$13.6bNZ$15.4bNZ$1.1b12.1x12.7x0.9x
Fri, 23 Feb 2024NZ$13.9bNZ$15.0bNZ$898.5m11.8x15.5x0.9x
Sun, 21 Jan 2024NZ$14.6bNZ$14.8bNZ$899.6m15.6x16.2x1x
Tue, 19 Dec 2023NZ$14.0bNZ$14.8bNZ$899.5m14.7x15.6x0.9x
Thu, 16 Nov 2023NZ$14.8bNZ$14.7bNZ$884.0m23.1x16.7x1x
Sat, 14 Oct 2023NZ$14.5bNZ$14.6bNZ$880.3m24.5x16.5x1x
Mon, 11 Sep 2023NZ$15.2bNZ$14.7bNZ$883.1m21.3x17.2x1x
Wed, 09 Aug 2023NZ$15.5bNZ$14.0bNZ$856.4m22.8x18.1x1.1x
Fri, 07 Jul 2023NZ$15.7bNZ$14.0bNZ$856.4m23.4x18.4x1.1x
Sun, 04 Jun 2023NZ$15.9bNZ$14.1bNZ$859.6m23.9x18.5x1.1x
Tue, 02 May 2023NZ$15.4bNZ$13.9bNZ$1.4b14.3x11.3x1.1x
Thu, 30 Mar 2023NZ$15.5bNZ$13.8bNZ$1.4b15.3x11.4x1.1x
Sat, 25 Feb 2023NZ$15.6bNZ$14.1bNZ$1.5b15.7x10.3x1.1x
Mon, 23 Jan 2023NZ$15.2bNZ$12.9bNZ$1.5b16.7x10.3x1.2x
Wed, 21 Dec 2022NZ$14.6bNZ$12.7bNZ$1.5b15.5x9.9x1.2x
Fri, 18 Nov 2022NZ$15.5bNZ$13.1bNZ$1.6b9.5x9.8x1.2x
Sun, 16 Oct 2022NZ$15.2bNZ$13.3bNZ$1.6b10.3x9.6x1.1x
Tue, 13 Sep 2022NZ$16.7bNZ$13.3bNZ$1.6b11.4x10.6x1.3x
Thu, 11 Aug 2022NZ$16.6bNZ$12.2bNZ$1.7b11.6x9.8x1.4x
Sat, 09 Jul 2022NZ$16.0bNZ$12.1bNZ$1.7b10.9x9.4x1.3x
Mon, 06 Jun 2022NZ$16.7bNZ$12.2bNZ$1.7b11.9x9.8x1.4x
Wed, 04 May 2022NZ$16.9bNZ$12.0bNZ$1.5b9x11.2x1.4x
Fri, 01 Apr 2022NZ$17.4bNZ$11.8bNZ$1.5b9.5x11.5x1.5x
Sun, 27 Feb 2022NZ$17.0bNZ$11.7bNZ$1.5b9.6x11.6x1.5x
Tue, 25 Jan 2022NZ$17.7bNZ$11.1bNZ$1.4b9.4x12.2x1.6x
Thu, 23 Dec 2021NZ$18.5bNZ$10.9bNZ$1.4b73.8x12.8x1.7x
Sat, 20 Nov 2021NZ$18.4bNZ$10.7bNZ$1.3b52.8x13.7x1.7x
Mon, 18 Oct 2021NZ$18.9bNZ$10.8bNZ$1.3b17.6x14x1.7x
Wed, 15 Sep 2021NZ$19.1bNZ$11.0bNZ$1.3b17.9x14.2x1.7x
Fri, 13 Aug 2021NZ$17.5bNZ$10.9bNZ$1.3b13.2x13x1.6x
Tue, 08 Jun 2021NZ$17.0bNZ$11.0bNZ$1.2b12.5x14x1.6x
Price to Earnings Ratio

14.2x


Total Market Cap: NZ$17.2bTotal Earnings: NZ$1.2bTotal Revenue: NZ$11.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Services Industry Price to Earnings3Y Average 13.1x202220232024
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 13.1x.
  • The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 4.0% 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 Market1.35%
Healthcare3.48%
Healthcare Services-3.42%
Healthcare Services1.21%
Managed Healthcare0%
Healthcare Facilities-0.72%
Healthcare Distributors-6.11%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 23.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading close to its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 6.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 10% per year.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 4.9% 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$11.301.8%
+NZ$61.0m
28.7%PE6.1x
ARV Arvida GroupNZ$1.072.9%
+NZ$21.9m
15.1%PE9.4x
TAH Third Age Health ServicesNZ$1.670.6%
+NZ$100.0k
6.4%PE25.4x
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