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Singaporean (SGX) Healthcare Sector Analysis

UpdatedApr 23, 2025
DataAggregated Company Financials
Companies30
  • 7D1.8%
  • 3M2.0%
  • 1Y5.9%
  • YTD1.9%

Over the last 7 days, the Healthcare industry has risen 1.8%, driven by gains from Haw Par of 3.3%. Meanwhile, Aoxin Q & M Dental Group actually underperformed within the industry, shrinking 50% in the last week. This takes the industry's 12 month performance to a gain of 5.9%. As for the next few years, earnings are expected to grow by 26% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 24 Apr 2025S$9.0bS$3.1bS$372.4m12.4x24.2x2.9x
Sat, 22 Mar 2025S$9.3bS$3.1bS$373.1m12.6x24.8x3x
Mon, 17 Feb 2025S$8.8bS$3.0bS$348.4m16.6x25.2x2.9x
Wed, 15 Jan 2025S$8.7bS$3.0bS$350.0m16.6x24.9x2.9x
Fri, 13 Dec 2024S$8.9bS$3.0bS$350.3m16.5x25.3x3x
Sun, 10 Nov 2024S$8.7bS$2.9bS$341.1m16.4x25.5x3x
Tue, 08 Oct 2024S$8.7bS$2.9bS$360.0m16.3x24.2x3x
Thu, 05 Sep 2024S$8.4bS$3.0bS$362.0m16.5x23.2x2.8x
Sat, 03 Aug 2024S$8.5bS$2.9bS$334.1m17.7x25.4x2.9x
Mon, 01 Jul 2024S$8.6bS$2.9bS$364.5m17x23.6x3x
Wed, 29 May 2024S$8.6bS$2.9bS$366.9m15.7x23.6x3x
Fri, 26 Apr 2024S$8.5bS$2.9bS$357.5m16x23.7x2.9x
Sun, 24 Mar 2024S$8.5bS$2.9bS$411.7m14.5x20.6x2.9x
Tue, 20 Feb 2024S$8.5bS$2.9bS$381.3m14.7x22.4x3x
Thu, 18 Jan 2024S$9.0bS$3.2bS$441.8m14.8x20.3x2.8x
Sat, 16 Dec 2023S$9.3bS$3.2bS$440.7m16x21x2.9x
Mon, 13 Nov 2023S$11.7bS$4.3bS$579.0m15.8x20.2x2.7x
Wed, 11 Oct 2023S$12.4bS$4.4bS$595.9m16x20.7x2.8x
Fri, 08 Sep 2023S$12.6bS$4.4bS$598.0m16.2x21.1x2.9x
Sun, 06 Aug 2023S$13.3bS$4.5bS$642.1m16x20.7x3x
Tue, 04 Jul 2023S$13.7bS$4.5bS$646.2m16x21.2x3.1x
Thu, 01 Jun 2023S$14.4bS$4.5bS$653.0m14x22.1x3.2x
Sat, 29 Apr 2023S$14.0bS$4.6bS$636.1m14.4x22x3.1x
Mon, 27 Mar 2023S$13.0bS$4.4bS$630.8m15.2x20.6x2.9x
Wed, 22 Feb 2023S$13.9bS$4.4bS$647.2m16.3x21.4x3.2x
Fri, 20 Jan 2023S$13.2bS$4.4bS$679.5m15.4x19.4x3x
Sun, 18 Dec 2022S$12.8bS$4.4bS$678.1m15.6x18.9x2.9x
Tue, 15 Nov 2022S$13.1bS$4.4bS$670.3m14.5x19.5x3x
Thu, 13 Oct 2022S$12.0bS$4.5bS$731.3m14.4x16.4x2.7x
Sat, 10 Sep 2022S$13.3bS$4.5bS$739.2m15.8x18x2.9x
Mon, 08 Aug 2022S$13.4bS$4.7bS$887.4m15.4x15.1x2.8x
Wed, 06 Jul 2022S$12.9bS$4.7bS$980.6m15.2x13.1x2.7x
Fri, 03 Jun 2022S$13.0bS$4.9bS$1.1b14.6x11.7x2.7x
Sun, 01 May 2022S$22.7bS$4.9bS$1.1b14.6x20.5x4.6x
Price to Earnings Ratio

20.5x


Total Market Cap: S$22.7bTotal Earnings: S$1.1bTotal Revenue: S$4.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Sector Price to Earnings3Y Average 20.9x202320242025
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 24.2x which is higher than its 3-year average PE of 20.9x.
  • 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 30% per year over the last three years,
  • Revenues have also declined 14% 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 Market4.09%
Healthcare1.80%
Pharma4.55%
Medical Equipment1.77%
Healthcare Services0.029%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 33.8x.
    • Analysts are expecting annual earnings growth of 35.9%, which is higher than its past year's earnings decline of 1.1% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 16.0x.
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 1.1% 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
H02 Haw ParS$13.013.3%
+S$93.0m		31.4%PE12.6x
BSL Raffles Medical GroupS$1.012.0%
+S$37.0m		-1.9%PE30x
AP4 Riverstone HoldingsS$0.901.7%
+S$22.2m		9.8%PE15.6x
QC7 Q & M Dental Group (Singapore)S$0.285.6%
+S$14.2m		18.8%PE18.5x
5G3 TalkMed GroupS$0.452.3%
+S$13.3m		11.3%PE13.5x
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Latest News

H02

S$13.01

Haw Par

7D

3.3%

1Y

31.4%

8YY

S$0.021

Biolidics

7D

5.0%

1Y

75.0%

546

S$0.12

Medtecs International

7D

6.4%

1Y

-12.1%

1D4

S$0.03

Aoxin Q & M Dental Group

7D

-50.0%

1Y

-21.1%

5WA

S$0.02

OUE Healthcare

7D

5.3%

1Y

-25.9%

5G3

S$0.45

TalkMed Group

7D

2.3%

1Y

11.3%

AP4

S$0.90

Riverstone Holdings

7D

1.7%

1Y

9.8%

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Riverstone Holdings Limited's (SGX:AP4) CEO For Now

Apr 14
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Riverstone Holdings Limited's (SGX:AP4) CEO For Now

QC7

S$0.28

Q & M Dental Group (Singapore)

7D

5.6%

1Y

18.8%

BFK

S$0.58

Pharmesis International

7D

-4.1%

1Y

n/a

BSL

S$1.01

Raffles Medical Group

7D

2.0%

1Y

-1.9%

P8A

S$0.15

Cordlife Group

7D

-5.6%

1Y

19.8%

BKZ

S$0.083

Suntar Eco-City

7D

-21.7%

1Y

-19.4%

FRQ

S$0.099

Singapore Paincare Holdings

7D

-2.0%

1Y

-34.9%

UUK

S$0.053

Pasture Holdings

7D

-29.3%

1Y

-24.3%