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Singaporean (SGX) Healthcare Sector Analysis

UpdatedMar 18, 2025
DataAggregated Company Financials
Companies30
  • 7D-1.0%
  • 3M2.4%
  • 1Y9.3%
  • YTD2.7%

Over the last 7 days, the Healthcare industry has dropped 1.8%, driven by Riverstone Holdings declining 5.1%. In the past year, the industry has gained 9.3%. Looking forward, earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

Has the Singaporean Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Mar 2025S$9.1bS$3.1bS$372.4m12.4x24.3x2.9x
Thu, 13 Feb 2025S$8.8bS$3.0bS$351.1m16.3x24.9x2.9x
Sat, 11 Jan 2025S$8.8bS$3.0bS$350.1m16.8x25.1x3x
Mon, 09 Dec 2024S$8.9bS$3.0bS$350.5m16.4x25.5x3x
Wed, 06 Nov 2024S$8.6bS$2.9bS$341.3m16.4x25.3x2.9x
Fri, 04 Oct 2024S$8.6bS$3.0bS$360.9m15.9x23.9x2.9x
Sun, 01 Sep 2024S$8.4bS$3.0bS$362.6m16.2x23.1x2.8x
Tue, 30 Jul 2024S$8.8bS$2.9bS$361.5m18.3x24.4x3x
Thu, 27 Jun 2024S$8.6bS$2.9bS$364.6m17x23.5x3x
Sat, 25 May 2024S$8.7bS$2.9bS$366.6m15.9x23.7x3x
Mon, 22 Apr 2024S$8.3bS$2.9bS$357.5m16.5x23.3x2.9x
Wed, 20 Mar 2024S$8.3bS$2.9bS$411.6m15x20.1x2.9x
Fri, 16 Feb 2024S$8.5bS$2.9bS$381.1m13.8x22.2x3x
Sun, 14 Jan 2024S$9.1bS$3.2bS$442.5m15.2x20.6x2.9x
Tue, 12 Dec 2023S$9.0bS$3.2bS$440.7m15.4x20.5x2.8x
Thu, 09 Nov 2023S$11.6bS$4.3bS$581.4m15.8x20x2.7x
Sat, 07 Oct 2023S$12.6bS$4.4bS$596.1m16.4x21.2x2.9x
Mon, 04 Sep 2023S$12.9bS$4.4bS$599.6m16.3x21.5x2.9x
Wed, 02 Aug 2023S$13.5bS$4.4bS$649.2m16x20.8x3x
Fri, 30 Jun 2023S$13.6bS$4.5bS$646.2m14.3x21.1x3.1x
Sun, 28 May 2023S$14.6bS$4.5bS$654.0m13.9x22.4x3.2x
Tue, 25 Apr 2023S$13.8bS$4.6bS$635.7m14.9x21.7x3x
Thu, 23 Mar 2023S$13.3bS$4.4bS$629.7m15.3x21.2x3x
Sat, 18 Feb 2023S$13.9bS$4.4bS$647.5m16.1x21.5x3.2x
Mon, 16 Jan 2023S$13.2bS$4.4bS$679.4m15.5x19.4x3x
Wed, 14 Dec 2022S$13.1bS$4.4bS$677.6m15.8x19.3x3x
Fri, 11 Nov 2022S$12.9bS$4.4bS$675.6m14.4x19.1x2.9x
Sun, 09 Oct 2022S$12.3bS$4.5bS$732.2m15x16.8x2.7x
Tue, 06 Sep 2022S$13.2bS$4.5bS$740.2m15.8x17.8x2.9x
Thu, 04 Aug 2022S$13.1bS$4.7bS$993.1m14.8x13.2x2.8x
Sat, 02 Jul 2022S$12.9bS$4.7bS$979.6m14.4x13.2x2.8x
Mon, 30 May 2022S$12.9bS$4.9bS$1.1b13.8x11.7x2.6x
Wed, 27 Apr 2022S$13.3bS$4.9bS$1.1b14.7x12x2.7x
Fri, 25 Mar 2022S$14.1bS$5.0bS$1.1b15.3x12.7x2.8x
Price to Earnings Ratio

12.7x


Total Market Cap: S$14.1bTotal Earnings: S$1.1bTotal Revenue: S$5.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Sector Price to Earnings3Y Average 20.5x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 20.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 31% per year over the last three years,
  • Revenues have also declined 15% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Singaporean Healthcare sector?

SG Market-0.35%
Healthcare-0.96%
Healthcare Services0.43%
Pharma-1.19%
Medical Equipment-4.24%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 36.4%, which is higher than its past year's earnings decline of 12.6% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 3.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BSL Raffles Medical GroupS$0.992.6%
+S$44.8m		-3.4%PE29.6x
9G2 Singapore Institute of Advanced Medicine HoldingsS$0.04916.7%
+S$7.3m		-54.2%PS3.2x
8YY BiolidicsS$0.02420.0%
+S$6.8m		118.2%PS47.3x
1D4 Aoxin Q & M Dental GroupS$0.04437.5%
+S$6.1m		n/aPS0.7x
5WA OUE HealthcareS$0.0234.5%
+S$4.4m		-17.9%PS0.7x
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569

S$0.09

Vicplas International

7D

8.4%

1Y

-25.0%

AP4

S$0.94

Riverstone Holdings

7D

-2.1%

1Y

30.3%

8YY

S$0.024

Biolidics

7D

20.0%

1Y

118.2%

40T

S$0.36

ISEC Healthcare

7D

-2.7%

1Y

-13.1%

5WA

S$0.023

OUE Healthcare

7D

4.5%

1Y

-17.9%

1D4

S$0.044

Aoxin Q & M Dental Group

7D

37.5%

1Y

n/a

8K7

S$0.12

UG Healthcare

7D

2.7%

1Y

-1.7%

H02

S$12.80

Haw Par

7D

-0.2%

1Y

34.0%

BSL

S$0.99

Raffles Medical Group

7D

2.6%

1Y

-3.4%

1J5

S$0.29

Hyphens Pharma International

7D

3.6%

1Y

1.8%

9G2

S$0.049

Singapore Institute of Advanced Medicine Holdings

7D

16.7%

1Y

-54.2%

MIJ

S$0.10

Alliance Healthcare Group

7D

-19.4%

1Y

-25.9%