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
Sun, 02 Jun 2024	NZ$12.3b	NZ$15.4b	NZ$1.1b	10.2x	11x	0.8x
Tue, 30 Apr 2024	NZ$13.6b	NZ$15.5b	NZ$1.1b	11.6x	12.6x	0.9x
Thu, 28 Mar 2024	NZ$13.5b	NZ$15.4b	NZ$1.1b	12.1x	12.6x	0.9x
Sat, 24 Feb 2024	NZ$13.9b	NZ$15.0b	NZ$898.6m	11.7x	15.5x	0.9x
Mon, 22 Jan 2024	NZ$14.6b	NZ$14.8b	NZ$899.6m	15.6x	16.2x	1x
Wed, 20 Dec 2023	NZ$14.3b	NZ$14.8b	NZ$899.7m	15.1x	15.9x	1x
Fri, 17 Nov 2023	NZ$15.0b	NZ$14.7b	NZ$883.8m	23.1x	17x	1x
Sun, 15 Oct 2023	NZ$14.5b	NZ$14.6b	NZ$880.3m	24.5x	16.5x	1x
Tue, 12 Sep 2023	NZ$14.9b	NZ$14.8b	NZ$883.9m	20.7x	16.8x	1x
Thu, 10 Aug 2023	NZ$15.3b	NZ$14.0b	NZ$856.9m	22.4x	17.8x	1.1x
Sat, 08 Jul 2023	NZ$15.8b	NZ$14.0b	NZ$856.5m	23.6x	18.5x	1.1x
Mon, 05 Jun 2023	NZ$15.9b	NZ$14.1b	NZ$859.6m	23.9x	18.5x	1.1x
Wed, 03 May 2023	NZ$15.4b	NZ$13.9b	NZ$1.4b	14.5x	11.3x	1.1x
Fri, 31 Mar 2023	NZ$16.1b	NZ$13.9b	NZ$1.4b	15.3x	11.8x	1.2x
Sun, 26 Feb 2023	NZ$15.6b	NZ$14.1b	NZ$1.4b	15.7x	11.4x	1.1x
Tue, 24 Jan 2023	NZ$15.4b	NZ$13.0b	NZ$1.5b	16.9x	10.4x	1.2x
Thu, 22 Dec 2022	NZ$14.7b	NZ$12.8b	NZ$1.5b	15.3x	10x	1.2x
Sat, 19 Nov 2022	NZ$15.5b	NZ$13.1b	NZ$1.6b	9.4x	9.8x	1.2x
Mon, 17 Oct 2022	NZ$15.2b	NZ$13.3b	NZ$1.6b	10.3x	9.6x	1.1x
Wed, 14 Sep 2022	NZ$16.7b	NZ$13.3b	NZ$1.6b	11.4x	10.6x	1.3x
Fri, 12 Aug 2022	NZ$16.6b	NZ$12.1b	NZ$1.7b	11.7x	9.8x	1.4x
Sun, 10 Jul 2022	NZ$16.0b	NZ$12.2b	NZ$1.7b	10.9x	9.4x	1.3x
Tue, 07 Jun 2022	NZ$16.7b	NZ$12.2b	NZ$1.7b	11.9x	9.8x	1.4x
Thu, 05 May 2022	NZ$16.9b	NZ$12.0b	NZ$1.5b	9x	11.2x	1.4x
Sat, 02 Apr 2022	NZ$17.1b	NZ$11.8b	NZ$1.5b	9.3x	11.3x	1.5x
Mon, 28 Feb 2022	NZ$17.0b	NZ$11.7b	NZ$1.5b	9.6x	11.6x	1.5x
Wed, 26 Jan 2022	NZ$17.7b	NZ$11.0b	NZ$1.4b	8.2x	12.2x	1.6x
Fri, 24 Dec 2021	NZ$18.7b	NZ$10.9b	NZ$1.4b	24.4x	12.9x	1.7x
Sun, 21 Nov 2021	NZ$17.9b	NZ$10.7b	NZ$1.4b	13.1x	12.7x	1.7x
Tue, 19 Oct 2021	NZ$18.8b	NZ$10.8b	NZ$1.3b	17.4x	13.9x	1.7x
Thu, 16 Sep 2021	NZ$19.2b	NZ$11.0b	NZ$1.3b	17.8x	14.2x	1.7x
Sat, 14 Aug 2021	NZ$17.5b	NZ$10.9b	NZ$1.3b	13.2x	13x	1.6x
Wed, 09 Jun 2021	NZ$17.0b	NZ$11.0b	NZ$1.2b	12.5x	14x	1.6x

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 11.0x which is lower than its 3-year average PE of 13.0x.

The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.80x.

Past Earnings Growth

The earnings for companies in the Healthcare industry have declined 2.7% 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	0.74%
Healthcare	-0.41%
Healthcare Services	-6.31%
Healthcare Services	2.17%
Managed Healthcare	0%
Healthcare Facilities	-5.68%
Healthcare Distributors	-6.91%

Industry PE

Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 32.7x.

Analysts are expecting annual earnings growth of 5.9%, 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 below its 3-year average of 8.9x.

Forecasted Growth

Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 5.9% over the next 5 years.
However this is lower than its past earnings growth rate of 10% per year.