Benign Growth For Hedera Group AB (publ) (STO:HEGR) Underpins Stock's 26% Plummet
Feb 29
Swedish (OMX) Healthcare Services Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies4
- 7D-4.2%
- 3M-21.6%
- 1Y-27.5%
- YTDn/a
Over the last 7 days, the Healthcare Services industry has dropped 3.3%, driven by a pullback from Medicover of 3.4%. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 40% per annum.
Industry Valuation and Performance
Has the Swedish Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | kr20.7b | kr23.5b | kr199.0m | 9.1x | 104x | 0.9x |
| Thu, 21 Mar 2024 | kr21.3b | kr23.0b | kr193.9m | 9x | 109.9x | 0.9x |
| Sat, 17 Feb 2024 | kr23.3b | kr22.8b | kr195.6m | 10.2x | 119.3x | 1x |
| Mon, 15 Jan 2024 | kr25.4b | kr22.2b | kr66.8m | 9.8x | 380.7x | 1.1x |
| Wed, 13 Dec 2023 | kr21.8b | kr22.2b | kr83.1m | 10x | 261.6x | 1x |
| Fri, 10 Nov 2023 | kr22.5b | kr22.7b | kr185.1m | 9.4x | 121.7x | 1x |
| Sun, 08 Oct 2023 | kr21.4b | kr21.8b | kr154.5m | 8x | 138.7x | 1x |
| Tue, 05 Sep 2023 | kr24.6b | kr22.2b | kr156.1m | 8.1x | 157.8x | 1.1x |
| Thu, 03 Aug 2023 | kr24.9b | kr21.9b | kr155.2m | 8.5x | 160.3x | 1.1x |
| Sat, 01 Jul 2023 | kr25.9b | kr21.2b | kr119.9m | 10.8x | 215.7x | 1.2x |
| Mon, 29 May 2023 | kr26.8b | kr21.0b | kr119.6m | 11.2x | 224.1x | 1.3x |
| Wed, 26 Apr 2023 | kr27.4b | kr20.0b | kr239.4m | 20.8x | 114.6x | 1.4x |
| Fri, 24 Mar 2023 | kr26.5b | kr19.7b | kr233.7m | 19.1x | 113.2x | 1.3x |
| Sun, 19 Feb 2023 | kr30.8b | kr19.5b | kr222.5m | 19.7x | 138.5x | 1.6x |
| Tue, 17 Jan 2023 | kr27.6b | kr19.4b | kr516.9m | 13x | 53.3x | 1.4x |
| Thu, 15 Dec 2022 | kr24.2b | kr18.7b | kr501.0m | 12.6x | 48.2x | 1.3x |
| Sat, 12 Nov 2022 | kr24.9b | kr18.5b | kr500.3m | 15.2x | 49.9x | 1.4x |
| Mon, 10 Oct 2022 | kr19.1b | kr18.5b | kr710.3m | 12.3x | 26.9x | 1x |
| Wed, 07 Sep 2022 | kr20.6b | kr18.2b | kr696.3m | 11.2x | 29.5x | 1.1x |
| Fri, 05 Aug 2022 | kr24.4b | kr17.6b | kr683.7m | 15x | 35.7x | 1.4x |
| Sun, 03 Jul 2022 | kr21.0b | kr17.9b | kr1.0b | 14.5x | 20.9x | 1.2x |
| Tue, 31 May 2022 | kr31.0b | kr19.0b | kr1.0b | 19.7x | 29.8x | 1.6x |
| Thu, 28 Apr 2022 | kr27.3b | kr18.8b | kr1.0b | 25.9x | 26.4x | 1.5x |
| Sat, 26 Mar 2022 | kr32.6b | kr17.9b | kr1.2b | 17.3x | 28.1x | 1.8x |
| Mon, 21 Feb 2022 | kr37.0b | kr18.1b | kr1.2b | 21.7x | 30.4x | 2x |
| Wed, 19 Jan 2022 | kr44.8b | kr16.7b | kr1.1b | 23.1x | 40.7x | 2.7x |
| Fri, 17 Dec 2021 | kr48.2b | kr16.6b | kr1.1b | 23.8x | 44.2x | 2.9x |
| Sun, 14 Nov 2021 | kr47.1b | kr16.3b | kr1.0b | 24.6x | 45.1x | 2.9x |
| Tue, 12 Oct 2021 | kr37.6b | kr15.6b | kr1.0b | 23.7x | 36.6x | 2.4x |
| Thu, 09 Sep 2021 | kr43.6b | kr15.6b | kr1.1b | 26.2x | 41.2x | 2.8x |
| Sat, 07 Aug 2021 | kr39.9b | kr15.6b | kr1.1b | 26.3x | 37.7x | 2.6x |
| Fri, 30 Apr 2021 | kr38.8b | kr14.0b | kr657.7m | 25.2x | 59x | 2.8x |
Price to Earnings Ratio
59x
Current Industry PE
- Investors are optimistic on the Swedish Healthcare Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 104x which is higher than its 3-year average PE of 98.8x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have declined 33% per year over the last three years.
- Meanwhile revenues for these companies have grown 19% 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 Comparison
How does Swedish Healthcare Services compare with similar industries?
| SE Market | -1.61% | |
| Healthcare | -2.48% | |
| Healthcare Services | -1.72% | |
| Healthcare Services | -4.20% | |
| Healthcare Facilities | 2.06% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -1.84% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HEGR Hedera Group | kr5.85 | 2.6% +kr2.2m | -28.7% | PE9.2x |