Estimating The Intrinsic Value Of Oceania Healthcare Limited (NZSE:OCA)
Nov 26
Have your own idea? Try our Stock Screener
New Zealand (NZX) Market Analysis & Valuation
UpdatedNov 26, 2024
DataAggregated Company Financials
Companies112
- 7D2.8%
- 3M4.8%
- 1Y12.7%
- YTD7.6%
The market has climbed 2.8% over the last week, with theIndustrials and Real Estate sectors leading the way. On the other hand, with a decline of 3.0%, the Communication Services sector is lagging behind. The market is up 13% over the last 12 months. Earnings are forecast to grow by 25% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the New Zealand Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Nov 2024 | NZ$171.5b | NZ$113.5b | NZ$3.0b | 20.4x | 57.2x | 1.5x |
| Fri, 25 Oct 2024 | NZ$170.7b | NZ$112.8b | NZ$4.3b | 19.7x | 39.8x | 1.5x |
| Sun, 22 Sep 2024 | NZ$162.7b | NZ$113.0b | NZ$4.6b | 19x | 35.6x | 1.4x |
| Tue, 20 Aug 2024 | NZ$166.4b | NZ$111.3b | NZ$4.7b | 20.4x | 35.3x | 1.5x |
| Thu, 18 Jul 2024 | NZ$162.4b | NZ$110.9b | NZ$4.7b | 16.5x | 34.7x | 1.5x |
| Sat, 15 Jun 2024 | NZ$155.8b | NZ$109.5b | NZ$4.3b | 14.9x | 36.2x | 1.4x |
| Mon, 13 May 2024 | NZ$153.9b | NZ$110.1b | NZ$5.8b | 15.3x | 26.4x | 1.4x |
| Wed, 10 Apr 2024 | NZ$156.5b | NZ$110.0b | NZ$5.8b | 17.2x | 26.9x | 1.4x |
| Fri, 08 Mar 2024 | NZ$156.5b | NZ$111.1b | NZ$5.8b | 17.2x | 27.2x | 1.4x |
| Sun, 04 Feb 2024 | NZ$158.5b | NZ$109.2b | NZ$6.6b | 15.6x | 23.9x | 1.5x |
| Tue, 02 Jan 2024 | NZ$157.6b | NZ$109.3b | NZ$6.6b | 15.8x | 23.7x | 1.4x |
| Thu, 30 Nov 2023 | NZ$150.8b | NZ$109.2b | NZ$6.7b | 15.8x | 22.6x | 1.4x |
| Sat, 28 Oct 2023 | NZ$144.9b | NZ$109.3b | NZ$5.8b | 16.2x | 24.8x | 1.3x |
| Mon, 25 Sep 2023 | NZ$153.9b | NZ$109.4b | NZ$5.9b | 16x | 26.1x | 1.4x |
| Wed, 23 Aug 2023 | NZ$156.8b | NZ$108.3b | NZ$6.2b | 17.1x | 25.1x | 1.4x |
| Fri, 21 Jul 2023 | NZ$163.4b | NZ$108.3b | NZ$6.6b | 16.8x | 24.6x | 1.5x |
| Sun, 18 Jun 2023 | NZ$161.0b | NZ$108.5b | NZ$6.6b | 16x | 24.3x | 1.5x |
| Tue, 16 May 2023 | NZ$163.4b | NZ$107.3b | NZ$7.6b | 15.5x | 21.5x | 1.5x |
| Thu, 13 Apr 2023 | NZ$162.9b | NZ$107.3b | NZ$7.6b | 15.6x | 21.5x | 1.5x |
| Sat, 11 Mar 2023 | NZ$161.2b | NZ$104.8b | NZ$7.4b | 16.1x | 21.9x | 1.5x |
| Mon, 06 Feb 2023 | NZ$167.1b | NZ$100.4b | NZ$6.6b | 16.8x | 25.3x | 1.7x |
| Wed, 04 Jan 2023 | NZ$157.8b | NZ$100.2b | NZ$6.6b | 15.6x | 23.9x | 1.6x |
| Fri, 02 Dec 2022 | NZ$158.7b | NZ$100.2b | NZ$6.9b | 16.3x | 23x | 1.6x |
| Sun, 30 Oct 2022 | NZ$154.8b | NZ$99.5b | NZ$7.9b | 16.5x | 19.7x | 1.6x |
| Tue, 27 Sep 2022 | NZ$159.9b | NZ$99.7b | NZ$7.8b | 17.4x | 20.4x | 1.6x |
| Thu, 25 Aug 2022 | NZ$164.2b | NZ$97.2b | NZ$7.8b | 18.3x | 21x | 1.7x |
| Sat, 23 Jul 2022 | NZ$159.7b | NZ$96.4b | NZ$8.4b | 18.9x | 19.1x | 1.7x |
| Mon, 20 Jun 2022 | NZ$150.9b | NZ$96.3b | NZ$8.4b | 17.5x | 18.1x | 1.6x |
| Wed, 18 May 2022 | NZ$159.9b | NZ$100.7b | NZ$8.8b | 17.3x | 18.3x | 1.6x |
| Fri, 15 Apr 2022 | NZ$168.8b | NZ$100.5b | NZ$8.8b | 18.4x | 19.2x | 1.7x |
| Sun, 13 Mar 2022 | NZ$168.7b | NZ$99.3b | NZ$8.8b | 16.4x | 19.2x | 1.7x |
| Tue, 08 Feb 2022 | NZ$175.5b | NZ$98.3b | NZ$9.0b | 18.2x | 19.5x | 1.8x |
| Thu, 06 Jan 2022 | NZ$184.9b | NZ$98.2b | NZ$9.0b | 15.2x | 20.6x | 1.9x |
| Sat, 04 Dec 2021 | NZ$179.1b | NZ$98.0b | NZ$9.0b | 19.9x | 20x | 1.8x |
Price to Earnings Ratio
20x
Current Market PE
- Investors are optimistic on the New Zealander market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 57.2x which is higher than its 3-year average PE of 25.0x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 31% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.0% 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.
Sector Trends
Which sectors have driven the changes within the New Zealand Market?
| NZ Market | 2.83% | |
| Industrials | 4.73% | |
| Materials | 4.20% | |
| Healthcare | 4.15% | |
| Financials | 3.66% | |
| Utilities | 2.80% | |
| Consumer Discretionary | 2.61% | |
| Consumer Staples | 1.97% | |
| Tech | 1.08% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.32% | |
| Energy | -0.56% | |
| Telecom | -3.01% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 155x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.4% which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 70% over the next 5 years.
- This is better than its past earnings growth rate of 41% per year.
- In contrast, the Utilities sector is expected to see its earnings grow by 8.5% 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 | Sector | |
|---|---|---|---|---|---|---|
| AIA Auckland International Airport | NZ$8.05 | 6.9% +NZ$874.5m | 1.1% | PE2461.6x | Industrials | |
| IFT Infratil | NZ$12.80 | 5.0% +NZ$594.4m | 29.6% | PS3.4x | Financials | |
| OCA Oceania Healthcare | NZ$0.76 | -2.6% NZ$535.8m | 5.6% | PS4.2x | Healthcare | |
| ATM a2 Milk | NZ$6.14 | 13.1% +NZ$514.1m | 43.8% | PE26.5x | Consumer Staples | |
| MEL Meridian Energy | NZ$6.14 | 2.5% +NZ$390.9m | 16.1% | PE37.3x | Utilities |
