Thomson Medical Group (SGX:A50) Has A Pretty Healthy Balance Sheet
Mar 27
Singaporean (SGX) Healthcare Sector Analysis
UpdatedMar 27, 2023
DataAggregated Company Financials
Companies32
- 7D-1.0%
- 3M2.3%
- 1Y-4.2%
- YTD2.4%
Over the last 7 days, the Healthcare industry has dropped 1.1%, driven by Thomson Medical Group declining 7.0%. However, the industry is down 4.1% over the past year. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Singaporean Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Mar 2023 | S$13.0b | S$4.4b | S$630.8m | 15.2x | 20.6x | 2.9x |
| Wed, 22 Feb 2023 | S$13.9b | S$4.4b | S$647.2m | 16.3x | 21.4x | 3.2x |
| Fri, 20 Jan 2023 | S$13.2b | S$4.4b | S$679.5m | 15.4x | 19.4x | 3x |
| Sun, 18 Dec 2022 | S$12.8b | S$4.4b | S$678.1m | 15.6x | 18.9x | 2.9x |
| Tue, 15 Nov 2022 | S$13.1b | S$4.4b | S$670.3m | 14.5x | 19.5x | 3x |
| Thu, 13 Oct 2022 | S$12.0b | S$4.5b | S$731.3m | 14.4x | 16.4x | 2.7x |
| Sat, 10 Sep 2022 | S$13.3b | S$4.5b | S$739.2m | 15.8x | 18x | 2.9x |
| Mon, 08 Aug 2022 | S$13.4b | S$4.7b | S$887.4m | 15.4x | 15.1x | 2.8x |
| Wed, 06 Jul 2022 | S$12.9b | S$4.7b | S$980.6m | 15.2x | 13.1x | 2.7x |
| Fri, 03 Jun 2022 | S$13.0b | S$4.9b | S$1.1b | 14.6x | 11.7x | 2.7x |
| Sun, 01 May 2022 | S$22.7b | S$4.9b | S$1.1b | 14.6x | 20.5x | 4.6x |
| Tue, 29 Mar 2022 | S$14.1b | S$5.0b | S$1.1b | 14.8x | 12.5x | 2.8x |
| Thu, 24 Feb 2022 | S$14.2b | S$5.1b | S$1.2b | 15x | 11.7x | 2.8x |
| Sat, 22 Jan 2022 | S$14.5b | S$5.1b | S$1.2b | 14.7x | 12.1x | 2.8x |
| Mon, 20 Dec 2021 | S$14.2b | S$5.1b | S$1.2b | 14.8x | 11.8x | 2.8x |
| Wed, 17 Nov 2021 | S$14.5b | S$5.1b | S$1.2b | 16.2x | 12.1x | 2.8x |
| Fri, 15 Oct 2021 | S$15.3b | S$5.1b | S$1.2b | 14.8x | 13x | 3x |
| Sun, 12 Sep 2021 | S$15.7b | S$5.0b | S$1.2b | 16.3x | 13.4x | 3.1x |
| Tue, 10 Aug 2021 | S$16.7b | S$5.0b | S$1.2b | 15.3x | 14.2x | 3.3x |
| Mon, 03 May 2021 | S$16.4b | S$4.7b | S$912.4m | 17.7x | 18x | 3.5x |
| Thu, 04 Feb 2021 | S$13.3b | S$4.3b | S$651.7m | 20.7x | 20.4x | 3.1x |
| Sun, 08 Nov 2020 | S$12.9b | S$3.9b | S$494.4m | 18.2x | 26.2x | 3.3x |
| Sat, 01 Aug 2020 | S$13.4b | S$3.6b | S$385.0m | 18.4x | 34.9x | 3.7x |
| Tue, 05 May 2020 | S$10.3b | S$3.6b | S$475.9m | 15.8x | 21.6x | 2.9x |
Price to Earnings Ratio
19.2x
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 20.7x which is higher than its 3-year average PE of 18.7x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 9.5% per year over the last three years.
- Revenues for these companies have grown 6.8% 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 Singaporean Healthcare sector?
| SG Market | 0.50% | |
| Healthcare | -1.05% | |
| Medical Equipment | 3.35% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Life Sciences | 0% | |
| Healthcare Services | -1.10% | |
| Pharma | -1.74% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry even though it's trading below its 3-year average PE ratio of 28.6x.
- Analysts are expecting annual earnings growth of 0.8%, which is lower than the prior year's growth of 17.0% per year.
- Investors are most pessimistic about the Medical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 23% over the next 5 years.
- However this is lower than its past earnings growth rate of 35% per year.
- In contrast, the Medical Equipment industry is expected to see its earnings decline by 5.6% 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 | |
|---|---|---|---|---|---|
| BSL Raffles Medical Group | S$1.43 | 5.1% +S$129.9m | 21.2% | PE18.5x | |
| AP4 Riverstone Holdings | S$0.58 | 9.4% +S$74.1m | -40.8% | PE9.1x | |
| H02 Haw Par | S$9.47 | 2.0% +S$42.1m | -20.4% | PE14.1x | |
| 546 Medtecs International | S$0.13 | 21.2% +S$12.0m | -42.7% | PS0.9x | |
| V8Y Quantum Healthcare | S$0.006 | 20.0% +S$6.9m | 0% | PS3.3x |
