New Zealand (NZX) Healthcare Services Industry Analysis

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
Sat, 25 Mar 2023	NZ$15.4b	NZ$13.8b	NZ$1.4b	14.7x	11.4x	1.1x
Mon, 20 Feb 2023	NZ$15.1b	NZ$13.2b	NZ$1.5b	16.9x	10.2x	1.1x
Wed, 18 Jan 2023	NZ$15.3b	NZ$13.0b	NZ$1.5b	16.7x	10.3x	1.2x
Fri, 16 Dec 2022	NZ$14.9b	NZ$12.8b	NZ$1.5b	16.3x	10.1x	1.2x
Sun, 13 Nov 2022	NZ$15.6b	NZ$13.1b	NZ$1.6b	9.5x	9.9x	1.2x
Tue, 11 Oct 2022	NZ$15.2b	NZ$13.5b	NZ$1.6b	10.6x	9.6x	1.1x
Thu, 08 Sep 2022	NZ$16.3b	NZ$13.3b	NZ$1.6b	11.2x	10.3x	1.2x
Sat, 06 Aug 2022	NZ$16.6b	NZ$12.1b	NZ$1.7b	11.6x	9.8x	1.4x
Mon, 04 Jul 2022	NZ$15.6b	NZ$12.1b	NZ$1.7b	10.6x	9.2x	1.3x
Wed, 01 Jun 2022	NZ$17.1b	NZ$12.1b	NZ$1.7b	12x	10.1x	1.4x
Fri, 29 Apr 2022	NZ$17.4b	NZ$11.9b	NZ$1.5b	9.4x	11.5x	1.5x
Sun, 27 Mar 2022	NZ$17.0b	NZ$11.8b	NZ$1.5b	9.7x	11.3x	1.4x
Tue, 22 Feb 2022	NZ$17.1b	NZ$11.7b	NZ$1.5b	9.3x	11.7x	1.5x
Thu, 20 Jan 2022	NZ$18.5b	NZ$11.0b	NZ$1.4b	11.6x	12.8x	1.7x
Sat, 18 Dec 2021	NZ$18.9b	NZ$10.9b	NZ$1.4b	n/a	13.1x	1.7x
Mon, 15 Nov 2021	NZ$18.7b	NZ$10.7b	NZ$1.3b	16.9x	13.9x	1.7x
Wed, 13 Oct 2021	NZ$18.7b	NZ$10.9b	NZ$1.3b	17.3x	13.9x	1.7x
Fri, 10 Sep 2021	NZ$18.9b	NZ$11.0b	NZ$1.3b	17.6x	14x	1.7x
Sun, 08 Aug 2021	NZ$17.3b	NZ$10.9b	NZ$1.3b	12.9x	12.8x	1.6x
Sat, 01 May 2021	NZ$16.8b	NZ$11.0b	NZ$1.2b	13x	13.9x	1.5x
Tue, 02 Feb 2021	NZ$17.3b	NZ$10.7b	NZ$847.9m	16.8x	20.5x	1.6x
Fri, 06 Nov 2020	NZ$15.3b	NZ$10.6b	NZ$653.2m	23.6x	23.5x	1.4x
Mon, 10 Aug 2020	NZ$13.4b	NZ$10.3b	NZ$556.2m	21.1x	24.2x	1.3x
Sun, 03 May 2020	NZ$12.2b	NZ$9.5b	NZ$617.0m	20.9x	19.8x	1.3x

Current Industry PE

Investors are pessimistic on the New Zealander Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 11.4x which is lower than its 3-year average PE of 15.1x.

The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have grown 30% per year over the last three years.
Revenues for these companies have grown 13% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare industry?

Industry PE

Investors are most optimistic about the Healthcare Distributors industry which is trading above its 3-year average PE ratio of 30.7x.

Analysts are expecting annual earnings growth of 9.5%, which is lower than the prior year's growth of 19.9% per year.

Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 12.6x.

Forecasted Growth

Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 9.5% over the next 5 years.
However this is lower than its past earnings growth rate of 20% per year.