Raffles Medical Group's (SGX:BSL) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 10
Singaporean (SGX) Healthcare Services Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies21
- 7D-2.3%
- 3M-5.2%
- 1Y-24.8%
- YTD-11.8%
Over the last 7 days, the Healthcare Services industry has dropped 2.9%, driven by Thomson Medical Group declining 3.8%. The industry has fallen 26% in the last year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Singaporean Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Apr 2024 | S$4.7b | S$1.9b | S$127.9m | 15.7x | 37x | 2.5x |
| Mon, 18 Mar 2024 | S$4.8b | S$1.9b | S$181.7m | 14.7x | 26.5x | 2.5x |
| Wed, 14 Feb 2024 | S$4.7b | S$1.9b | S$234.3m | 14.9x | 20.1x | 2.5x |
| Fri, 12 Jan 2024 | S$5.7b | S$2.3b | S$270.0m | 15.8x | 21x | 2.5x |
| Sun, 10 Dec 2023 | S$5.6b | S$2.3b | S$269.9m | 15.8x | 20.9x | 2.5x |
| Tue, 07 Nov 2023 | S$5.6b | S$2.2b | S$272.4m | 16.4x | 20.7x | 2.5x |
| Thu, 05 Oct 2023 | S$6.0b | S$2.2b | S$269.3m | 18.4x | 22.5x | 2.7x |
| Sat, 02 Sep 2023 | S$6.2b | S$2.2b | S$269.2m | 18.1x | 23.1x | 2.8x |
| Mon, 31 Jul 2023 | S$6.4b | S$2.2b | S$305.5m | 18.2x | 21.1x | 2.9x |
| Wed, 28 Jun 2023 | S$6.3b | S$2.2b | S$306.4m | 17.2x | 20.5x | 2.8x |
| Fri, 26 May 2023 | S$6.3b | S$2.2b | S$304.9m | 17.5x | 20.8x | 2.8x |
| Sun, 23 Apr 2023 | S$6.6b | S$2.2b | S$293.8m | 16.4x | 22.5x | 2.9x |
| Tue, 21 Mar 2023 | S$6.5b | S$2.2b | S$295.2m | 17x | 21.9x | 2.9x |
| Thu, 16 Feb 2023 | S$6.8b | S$2.2b | S$267.5m | 18.7x | 25.6x | 3.2x |
| Sat, 14 Jan 2023 | S$6.8b | S$2.1b | S$258.4m | 18.8x | 26.2x | 3.2x |
| Mon, 12 Dec 2022 | S$6.9b | S$2.1b | S$261.1m | 19x | 26.3x | 3.2x |
| Wed, 09 Nov 2022 | S$6.8b | S$2.1b | S$269.4m | 14.8x | 25.2x | 3.2x |
| Fri, 07 Oct 2022 | S$6.7b | S$2.1b | S$267.0m | 15.8x | 25.2x | 3.2x |
| Sun, 04 Sep 2022 | S$7.1b | S$2.1b | S$267.0m | 16.4x | 26.4x | 3.3x |
| Tue, 02 Aug 2022 | S$6.7b | S$2.0b | S$318.5m | 16x | 21x | 3.4x |
| Thu, 30 Jun 2022 | S$6.5b | S$2.0b | S$319.7m | 16x | 20.3x | 3.3x |
| Sat, 28 May 2022 | S$6.6b | S$1.9b | S$310.8m | 15.6x | 21.4x | 3.4x |
| Mon, 25 Apr 2022 | S$6.8b | S$1.9b | S$310.8m | 16.6x | 21.9x | 3.5x |
| Wed, 23 Mar 2022 | S$6.7b | S$2.0b | S$295.0m | 16.3x | 22.7x | 3.4x |
| Fri, 18 Feb 2022 | S$7.2b | S$1.9b | S$304.9m | 16x | 23.6x | 3.9x |
| Sun, 16 Jan 2022 | S$7.3b | S$1.8b | S$200.9m | 17.2x | 36.5x | 4x |
| Tue, 14 Dec 2021 | S$7.2b | S$1.8b | S$201.2m | 17.7x | 35.9x | 4x |
| Thu, 11 Nov 2021 | S$7.4b | S$1.8b | S$198.1m | 18x | 37.2x | 4.1x |
| Sat, 09 Oct 2021 | S$7.7b | S$1.8b | S$198.7m | 17.2x | 38.6x | 4.3x |
| Mon, 06 Sep 2021 | S$7.5b | S$1.8b | S$198.8m | 18.3x | 38x | 4.2x |
| Wed, 04 Aug 2021 | S$7.7b | S$1.8b | S$198.2m | 19.3x | 38.8x | 4.3x |
| Sat, 08 May 2021 | S$7.4b | S$1.7b | S$75.0m | 20.9x | 99.3x | 4.4x |
Price to Earnings Ratio
99.3x
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 36.7x which is higher than its 3-year average PE of 30.3x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 4.6% 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 industry?
| SG Market | -1.62% | |
| Healthcare | -1.32% | |
| Healthcare Services | -2.30% | |
| Healthcare Distributors | 12.62% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -2.02% | |
| Healthcare Facilities | -2.44% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 39.6x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 3.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings growth rate of 3.5% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| QC7 Q & M Dental Group (Singapore) | S$0.23 | 2.2% +S$4.7m | -25.4% | PE19.3x | |
| OTX Medinex | S$0.20 | 11.7% +S$2.8m | 2.6% | PE13.7x | |
| BKZ Suntar Eco-City | S$0.10 | 37.3% +S$1.8m | n/a | PE53.5x | |
| 1H3 Clearbridge Health | S$0.011 | 10.0% +S$619.1k | -64.5% | PS0.6x | |
| MIJ Alliance Healthcare Group | S$0.13 | 0.8% +S$206.0k | n/a | PE21.9x |
