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New Zealand (NZX) Healthcare Services Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies8
- 7D-0.2%
- 3M0.9%
- 1Y-0.02%
- YTD-2.4%
Last week, the Healthcare Services industry hasn't moved much but Ryman Healthcare is up 3.8% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the New Zealand Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NZ$13.8b | NZ$16.1b | NZ$581.1m | 11.8x | 23.8x | 0.9x |
| Tue, 19 Nov 2024 | NZ$15.3b | NZ$16.2b | NZ$864.1m | 12.5x | 17.7x | 0.9x |
| Thu, 17 Oct 2024 | NZ$15.1b | NZ$16.2b | NZ$863.2m | 13.1x | 17.5x | 0.9x |
| Sat, 14 Sep 2024 | NZ$15.0b | NZ$16.0b | NZ$859.0m | 16.1x | 17.4x | 0.9x |
| Mon, 12 Aug 2024 | NZ$14.6b | NZ$15.6b | NZ$874.1m | 15.6x | 16.7x | 0.9x |
| Wed, 10 Jul 2024 | NZ$12.1b | NZ$15.7b | NZ$875.6m | 12.2x | 13.9x | 0.8x |
| Fri, 07 Jun 2024 | NZ$12.5b | NZ$15.3b | NZ$868.6m | 12x | 14.3x | 0.8x |
| Sun, 05 May 2024 | NZ$13.4b | NZ$15.5b | NZ$1.1b | 10.8x | 12.5x | 0.9x |
| Tue, 02 Apr 2024 | NZ$13.8b | NZ$15.4b | NZ$1.1b | 12.4x | 12.8x | 0.9x |
| Thu, 29 Feb 2024 | NZ$13.8b | NZ$15.1b | NZ$1.1b | 11.6x | 12.9x | 0.9x |
| Sat, 27 Jan 2024 | NZ$15.0b | NZ$14.8b | NZ$899.6m | 15.9x | 16.7x | 1x |
| Mon, 25 Dec 2023 | NZ$14.4b | NZ$14.8b | NZ$899.9m | 15.4x | 16x | 1x |
| Wed, 22 Nov 2023 | NZ$14.9b | NZ$14.7b | NZ$883.9m | 23.1x | 16.9x | 1x |
| Fri, 20 Oct 2023 | NZ$14.4b | NZ$14.7b | NZ$883.9m | 24x | 16.3x | 1x |
| Sun, 17 Sep 2023 | NZ$15.0b | NZ$14.8b | NZ$884.9m | 21x | 17x | 1x |
| Tue, 15 Aug 2023 | NZ$15.3b | NZ$14.1b | NZ$858.5m | 22.5x | 17.8x | 1.1x |
| Thu, 13 Jul 2023 | NZ$15.9b | NZ$14.0b | NZ$857.4m | 23.5x | 18.5x | 1.1x |
| Sat, 10 Jun 2023 | NZ$14.8b | NZ$14.2b | NZ$862.0m | 21.7x | 17.1x | 1x |
| Mon, 08 May 2023 | NZ$15.3b | NZ$13.9b | NZ$1.4b | 14x | 11.3x | 1.1x |
| Wed, 05 Apr 2023 | NZ$15.7b | NZ$13.9b | NZ$1.4b | 14.7x | 11.6x | 1.1x |
| Fri, 03 Mar 2023 | NZ$15.2b | NZ$14.0b | NZ$1.4b | 15.9x | 11.2x | 1.1x |
| Sun, 29 Jan 2023 | NZ$15.9b | NZ$13.1b | NZ$1.5b | 18.1x | 10.8x | 1.2x |
| Tue, 27 Dec 2022 | NZ$14.6b | NZ$12.8b | NZ$1.5b | 15.7x | 9.9x | 1.1x |
| Thu, 24 Nov 2022 | NZ$15.1b | NZ$12.9b | NZ$1.5b | 9.2x | 10.2x | 1.2x |
| Sat, 22 Oct 2022 | NZ$15.0b | NZ$13.2b | NZ$1.6b | 9.8x | 9.5x | 1.1x |
| Mon, 19 Sep 2022 | NZ$16.1b | NZ$13.3b | NZ$1.6b | 11.1x | 10.2x | 1.2x |
| Wed, 17 Aug 2022 | NZ$16.9b | NZ$12.1b | NZ$1.7b | 12x | 9.9x | 1.4x |
| Fri, 15 Jul 2022 | NZ$16.0b | NZ$12.1b | NZ$1.7b | 11x | 9.4x | 1.3x |
| Sun, 12 Jun 2022 | NZ$16.4b | NZ$12.2b | NZ$1.7b | 11.7x | 9.7x | 1.3x |
| Tue, 10 May 2022 | NZ$16.4b | NZ$12.0b | NZ$1.5b | 8.4x | 10.8x | 1.4x |
| Thu, 07 Apr 2022 | NZ$17.2b | NZ$11.9b | NZ$1.5b | 9.2x | 11.4x | 1.4x |
| Sat, 05 Mar 2022 | NZ$17.1b | NZ$11.8b | NZ$1.5b | 9.8x | 11.3x | 1.4x |
| Mon, 31 Jan 2022 | NZ$17.2b | NZ$11.0b | NZ$1.4b | 10x | 11.9x | 1.6x |
| Wed, 29 Dec 2021 | NZ$19.0b | NZ$11.0b | NZ$1.4b | 12.3x | 13.1x | 1.7x |
Price to Earnings Ratio
13.1x
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 23.6x which is higher than its 3-year average PE of 13.7x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.85x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 26% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 | 1.18% | |
| Healthcare | 1.81% | |
| Healthcare Services | -0.15% | |
| Healthcare Facilities | 0.99% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -1.18% | |
| Healthcare Services | -3.43% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 31.7x.
- Analysts expect its future annual earnings growth (6.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 21.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 94% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 6.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RYM Ryman Healthcare | NZ$4.40 | 3.8% +NZ$109.8m | -22.0% | PS4.2x | |
| RAD Radius Residential Care | NZ$0.20 | 13.9% +NZ$7.1m | 58.9% | PS0.3x | |
| MEE Me Today | NZ$0.079 | 3.9% +NZ$163.0k | -60.5% | PS0.9x |
