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Singaporean (SGX) Healthcare Services Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies21
- 7D-0.6%
- 3M-3.2%
- 1Y-12.2%
- YTD-2.3%
Over the last 7 days, the Healthcare Services industry has remained flat, although notably Q & M Dental Group (Singapore) gained 3.6%. As for the longer term, the industry has declined 12% in the last year. As for the next few years, earnings are expected to grow by 40% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | S$4.3b | S$2.0b | S$58.3m | 16.7x | 73.7x | 2.2x |
| Sun, 19 Jan 2025 | S$4.4b | S$1.9b | S$65.1m | 16.6x | 67.7x | 2.3x |
| Tue, 17 Dec 2024 | S$4.4b | S$1.9b | S$65.2m | 16.6x | 67.2x | 2.3x |
| Thu, 14 Nov 2024 | S$4.4b | S$1.9b | S$62.2m | 17.2x | 71.5x | 2.3x |
| Sat, 12 Oct 2024 | S$4.6b | S$1.9b | S$80.2m | 16.7x | 56.9x | 2.4x |
| Mon, 09 Sep 2024 | S$4.5b | S$1.9b | S$80.2m | 16.6x | 55.9x | 2.3x |
| Wed, 07 Aug 2024 | S$4.4b | S$1.9b | S$92.4m | 17.7x | 47.9x | 2.3x |
| Fri, 05 Jul 2024 | S$4.7b | S$1.9b | S$125.4m | 17x | 37.8x | 2.5x |
| Sun, 02 Jun 2024 | S$4.8b | S$1.9b | S$129.1m | 16.4x | 36.9x | 2.5x |
| Tue, 30 Apr 2024 | S$4.7b | S$1.9b | S$127.7m | 16.1x | 37.1x | 2.5x |
| Thu, 28 Mar 2024 | S$4.8b | S$1.9b | S$181.7m | 14.2x | 26.6x | 2.5x |
| Sat, 24 Feb 2024 | S$4.9b | S$1.9b | S$193.3m | 13.8x | 25.3x | 2.5x |
| Mon, 22 Jan 2024 | S$5.5b | S$2.3b | S$271.3m | 14.8x | 20.4x | 2.5x |
| Wed, 20 Dec 2023 | S$5.7b | S$2.3b | S$270.0m | 15.4x | 21.2x | 2.5x |
| Fri, 17 Nov 2023 | S$5.6b | S$2.2b | S$271.7m | 15.8x | 20.5x | 2.5x |
| Sun, 15 Oct 2023 | S$5.9b | S$2.2b | S$269.3m | 17.9x | 22.1x | 2.7x |
| Tue, 12 Sep 2023 | S$6.1b | S$2.2b | S$269.2m | 19x | 22.7x | 2.7x |
| Thu, 10 Aug 2023 | S$6.3b | S$2.2b | S$301.4m | 16.7x | 20.9x | 2.8x |
| Sat, 08 Jul 2023 | S$6.4b | S$2.2b | S$306.4m | 17.4x | 20.9x | 2.9x |
| Mon, 05 Jun 2023 | S$6.2b | S$2.2b | S$308.5m | 17.2x | 20.2x | 2.8x |
| Wed, 03 May 2023 | S$6.5b | S$2.3b | S$294.9m | 16.8x | 22.2x | 2.9x |
| Fri, 31 Mar 2023 | S$6.7b | S$2.2b | S$295.3m | 16.1x | 22.6x | 3x |
| Sun, 26 Feb 2023 | S$6.7b | S$2.2b | S$272.5m | 18.1x | 24.8x | 3.1x |
| Tue, 24 Jan 2023 | S$6.8b | S$2.1b | S$258.5m | 19.3x | 26.3x | 3.2x |
| Thu, 22 Dec 2022 | S$6.8b | S$2.1b | S$261.1m | 18.8x | 25.9x | 3.2x |
| Sat, 19 Nov 2022 | S$6.9b | S$2.1b | S$261.1m | 19.4x | 26.3x | 3.3x |
| Mon, 17 Oct 2022 | S$6.5b | S$2.1b | S$267.0m | 16.1x | 24.3x | 3.1x |
| Wed, 14 Sep 2022 | S$7.1b | S$2.1b | S$267.0m | 16.2x | 26.5x | 3.3x |
| Fri, 12 Aug 2022 | S$7.0b | S$2.0b | S$234.1m | 18.2x | 29.9x | 3.4x |
| Sun, 10 Jul 2022 | S$6.4b | S$2.0b | S$319.7m | 16x | 20.1x | 3.3x |
| Tue, 07 Jun 2022 | S$6.7b | S$2.0b | S$318.9m | 16.6x | 21x | 3.4x |
| Thu, 05 May 2022 | S$6.8b | S$1.9b | S$310.8m | 15.9x | 21.7x | 3.5x |
| Sat, 02 Apr 2022 | S$6.7b | S$2.0b | S$309.9m | 16.6x | 21.8x | 3.5x |
| Mon, 28 Feb 2022 | S$6.9b | S$2.0b | S$304.0m | 16.2x | 22.6x | 3.5x |
Price to Earnings Ratio
22.6x
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 73.7x which is higher than its 3-year average PE of 32.0x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 42% 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 | 0.77% | |
| Healthcare | -0.66% | |
| Healthcare Services | -0.64% | |
| Healthcare Services | 1.05% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Facilities | -1.23% | |
| Healthcare Distributors | -1.54% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 43.9%, 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 44% 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 6.1% 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$0.29 | 5.4% +S$14.2m | 22.9% | PE17.5x | |
| 5G3 TalkMed Group | S$0.46 | 1.1% +S$6.6m | 23.0% | PE21.4x | |
| MIJ Alliance Healthcare Group | S$0.13 | 25.0% +S$5.2m | -11.3% | PS0.4x | |
| 9G2 Singapore Institute of Advanced Medicine Holdings | S$0.045 | 9.8% +S$4.2m | -58.3% | PS2.9x | |
| EHG Econ Healthcare (Asia) | S$0.33 | 4.8% +S$4.0m | 65.0% | PE10.8x |