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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies21
  • 7D-1.8%
  • 3M-5.0%
  • 1Y-15.1%
  • YTD-19.8%

Over the last 7 days, the Healthcare Services industry has dropped 1.8%, driven by a pullback from Raffles Medical Group of 3.5%. Overall the industry is down 15% in 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Singaporean Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024S$4.3bS$1.9bS$65.1m16.6x66.6x2.3x
Tue, 19 Nov 2024S$4.5bS$1.9bS$65.2m17.2x68.6x2.3x
Thu, 17 Oct 2024S$4.6bS$1.9bS$80.2m17x57x2.4x
Sat, 14 Sep 2024S$4.5bS$1.9bS$80.3m16.5x56.1x2.3x
Mon, 12 Aug 2024S$4.4bS$1.9bS$86.6m20.1x51.2x2.3x
Wed, 10 Jul 2024S$4.7bS$1.9bS$125.4m16.9x37.8x2.5x
Fri, 07 Jun 2024S$4.7bS$1.9bS$125.4m16.8x37.7x2.5x
Sun, 05 May 2024S$4.7bS$1.9bS$127.8m15.9x37x2.5x
Tue, 02 Apr 2024S$4.8bS$1.9bS$181.7m14x26.7x2.5x
Thu, 29 Feb 2024S$4.9bS$1.9bS$201.8m15.1x24.2x2.5x
Sat, 27 Jan 2024S$5.5bS$2.3bS$271.4m15x20.3x2.5x
Mon, 25 Dec 2023S$5.7bS$2.3bS$270.0m15.3x20.9x2.5x
Wed, 22 Nov 2023S$5.6bS$2.2bS$271.7m16x20.6x2.5x
Fri, 20 Oct 2023S$5.8bS$2.2bS$269.3m17.9x21.5x2.6x
Sun, 17 Sep 2023S$6.1bS$2.2bS$269.3m18.5x22.5x2.7x
Tue, 15 Aug 2023S$6.3bS$2.2bS$301.4m16.9x20.8x2.8x
Thu, 13 Jul 2023S$6.4bS$2.2bS$306.5m17.5x21x2.9x
Sat, 10 Jun 2023S$6.3bS$2.2bS$308.6m17x20.3x2.8x
Mon, 08 May 2023S$6.5bS$2.2bS$304.8m17x21.4x2.9x
Wed, 05 Apr 2023S$6.7bS$2.2bS$295.3m16x22.6x3x
Fri, 03 Mar 2023S$6.4bS$2.2bS$293.9m17.1x21.9x2.9x
Sun, 29 Jan 2023S$6.9bS$2.1bS$258.5m19.8x26.8x3.3x
Tue, 27 Dec 2022S$6.9bS$2.1bS$261.1m18.8x26.3x3.3x
Thu, 24 Nov 2022S$6.8bS$2.1bS$261.1m19.4x26x3.2x
Sat, 22 Oct 2022S$6.5bS$2.1bS$267.0m16.1x24.3x3.1x
Mon, 19 Sep 2022S$7.1bS$2.1bS$267.0m15.9x26.6x3.3x
Wed, 17 Aug 2022S$6.8bS$1.9bS$231.5m17.6x29.4x3.6x
Fri, 15 Jul 2022S$6.5bS$2.0bS$319.7m16x20.2x3.3x
Sun, 12 Jun 2022S$6.6bS$2.0bS$319.7m16.6x20.6x3.4x
Tue, 10 May 2022S$6.6bS$1.9bS$310.8m15.8x21.3x3.4x
Thu, 07 Apr 2022S$6.8bS$1.9bS$309.9m16.7x22x3.5x
Sat, 05 Mar 2022S$6.8bS$2.0bS$295.0m16.4x22.9x3.5x
Mon, 31 Jan 2022S$7.1bS$1.8bS$200.9m16.7x35.4x3.9x
Wed, 29 Dec 2021S$7.4bS$1.8bS$201.2m17.1x36.6x4.1x
Price to Earnings Ratio

36.6x


Total Market Cap: S$7.4bTotal Earnings: S$201.2mTotal Revenue: S$1.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average 30.2x202220232024
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 66.6x which is higher than its 3-year average PE of 30.1x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have declined 31% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

SG Market-2.14%
Healthcare-1.37%
Healthcare Services-1.84%
Healthcare Distributors11.79%
Managed Healthcare0%
Healthcare Facilities-1.48%
Healthcare Services-3.00%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 25.3x.
    • Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings decline of 26.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow 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?

CompanyLast Price7D1YValuation
40T ISEC HealthcareS$0.402.6%
+S$5.8m		-14.0%PE16.6x
5WA OUE HealthcareS$0.0293.6%
+S$4.4m		0%PE52.9x
NPL Niks ProfessionalS$0.1512.8%
+S$2.2m		-6.3%PE12.8x
1H3 Clearbridge HealthS$0.00433.3%
+S$1.9m		-73.3%PS0.8x
BKZ Suntar Eco-CityS$0.1521.4%
+S$1.7m		n/aPE74.9x
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Latest News

1H3

S$0.004

Clearbridge Health

7D

33.3%

1Y

-73.3%

9G2

S$0.055

Singapore Institute of Advanced Medicine Holdings

7D

-8.3%

1Y

n/a

MIJ

S$0.13

Alliance Healthcare Group

7D

4.9%

1Y

n/a

BSL

S$0.82

Raffles Medical Group

7D

-3.5%

1Y

-22.2%

NPL

S$0.15

Niks Professional

7D

12.8%

1Y

-6.3%

QC7

S$0.27

Q & M Dental Group (Singapore)

7D

-5.3%

1Y

12.5%

OTX

S$0.23

Medinex

7D

2.2%

1Y

15.0%

P8A

S$0.15

Cordlife Group

7D

-6.4%

1Y

-52.9%

EHG

S$0.23

Econ Healthcare (Asia)

7D

-4.3%

1Y

12.5%

40T

S$0.40

ISEC Healthcare

7D

2.6%

1Y

-14.0%

BKZ

S$0.15

Suntar Eco-City

7D

21.4%

1Y

n/a

FRQ

S$0.097

Singapore Paincare Holdings

7D

-1.0%

1Y

-45.5%

5G3

S$0.43

TalkMed Group

7D

-3.3%

1Y

19.2%

TalkMed Group (SGX:5G3) Seems To Use Debt Quite Sensibly

Sep 26
TalkMed Group (SGX:5G3) Seems To Use Debt Quite Sensibly

1B1

S$0.28

HC Surgical Specialists

7D

1.8%

1Y

-3.4%

5WA

S$0.029

OUE Healthcare

7D

3.6%

1Y

0%