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Singaporean (SGX) Healthcare Services Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies21
  • 7D1.9%
  • 3M-4.4%
  • 1Y-9.8%
  • YTD1.5%

The Healthcare Services is pretty flat in the last 7 days, but Thomson Medical Group has stood out, gaining 4.3%. As for the longer term, the industry has declined 11% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025S$4.5bS$1.9bS$65.1m16.6x68.5x2.3x
Thu, 19 Dec 2024S$4.4bS$1.9bS$65.2m16.3x67.1x2.3x
Sat, 16 Nov 2024S$4.4bS$1.9bS$64.1m16.9x69.2x2.3x
Mon, 14 Oct 2024S$4.6bS$1.9bS$80.2m16.7x56.9x2.4x
Wed, 11 Sep 2024S$4.5bS$1.9bS$80.3m16.6x55.6x2.3x
Fri, 09 Aug 2024S$4.4bS$1.9bS$86.8m20.1x51.1x2.3x
Sun, 07 Jul 2024S$4.7bS$1.9bS$125.4m17x37.5x2.5x
Tue, 04 Jun 2024S$4.7bS$1.9bS$129.1m16.4x36.8x2.5x
Thu, 02 May 2024S$4.7bS$1.9bS$127.7m15.9x37x2.5x
Sat, 30 Mar 2024S$4.8bS$1.9bS$181.6m14.1x26.3x2.5x
Mon, 26 Feb 2024S$4.9bS$1.9bS$193.3m13.8x25.3x2.5x
Wed, 24 Jan 2024S$5.5bS$2.3bS$271.3m14.7x20.2x2.4x
Fri, 22 Dec 2023S$5.6bS$2.3bS$270.0m15.3x20.7x2.5x
Sun, 19 Nov 2023S$5.6bS$2.2bS$271.7m15.7x20.6x2.5x
Tue, 17 Oct 2023S$5.9bS$2.2bS$269.3m17.9x22.1x2.7x
Thu, 14 Sep 2023S$6.1bS$2.2bS$269.2m19x22.7x2.7x
Sat, 12 Aug 2023S$6.3bS$2.2bS$301.4m16.7x20.8x2.8x
Mon, 10 Jul 2023S$6.4bS$2.2bS$306.4m17.4x20.9x2.9x
Wed, 07 Jun 2023S$6.3bS$2.2bS$308.5m17.4x20.3x2.8x
Fri, 05 May 2023S$6.5bS$2.3bS$294.9m17.8x22x2.9x
Sun, 02 Apr 2023S$6.7bS$2.2bS$295.2m16x22.6x3x
Tue, 28 Feb 2023S$6.7bS$2.2bS$271.9m17.6x24.7x3.1x
Thu, 26 Jan 2023S$6.8bS$2.1bS$258.5m19.5x26.3x3.2x
Sat, 24 Dec 2022S$6.9bS$2.1bS$261.1m18.8x26.3x3.3x
Mon, 21 Nov 2022S$6.9bS$2.1bS$261.1m19.4x26.3x3.3x
Wed, 19 Oct 2022S$6.6bS$2.1bS$267.0m16.1x24.7x3.1x
Fri, 16 Sep 2022S$7.1bS$2.1bS$267.0m16.1x26.6x3.4x
Sun, 14 Aug 2022S$6.9bS$2.0bS$233.2m17.6x29.4x3.4x
Tue, 12 Jul 2022S$6.4bS$2.0bS$319.7m16x20.1x3.3x
Thu, 09 Jun 2022S$6.8bS$2.0bS$318.9m16.7x21.2x3.4x
Sat, 07 May 2022S$6.7bS$1.9bS$310.8m15.8x21.6x3.4x
Mon, 04 Apr 2022S$6.7bS$1.9bS$309.9m16.6x21.8x3.5x
Wed, 02 Mar 2022S$6.8bS$1.9bS$295.0m16.3x23.1x3.6x
Fri, 28 Jan 2022S$7.0bS$1.8bS$200.9m16.7x34.8x3.8x
Price to Earnings Ratio

34.8x


Total Market Cap: S$7.0bTotal Earnings: S$200.9mTotal Revenue: S$1.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Healthcare Services Industry Price to Earnings3Y Average 31x202320242025
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 67.7x which is higher than its 3-year average PE of 31.0x.
  • 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 Market0.67%
Healthcare0.88%
Healthcare Services1.90%
Healthcare Facilities2.62%
Healthcare Distributors0%0
Managed Healthcare0%0
Healthcare Services-0.12%
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 12.6%, 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 5.0% 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
A50 Thomson Medical GroupS$0.0516.3%
+S$79.3m		-3.8%PE87.4x
BSL Raffles Medical GroupS$0.841.8%
+S$27.9m		-17.6%PE25.6x
P8A Cordlife GroupS$0.1612.4%
+S$4.6m		-45.7%PS1.1x
1B1 HC Surgical SpecialistsS$0.305.2%
+S$2.3m		3.4%PE12.4x
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Latest News

P8A

S$0.16

Cordlife Group

7D

12.4%

1Y

-45.7%

Risks To Shareholder Returns Are Elevated At These Prices For Cordlife Group Limited (SGX:P8A)

Jan 21
Risks To Shareholder Returns Are Elevated At These Prices For Cordlife Group Limited (SGX:P8A)

BSL

S$0.84

Raffles Medical Group

7D

1.8%

1Y

-17.6%

1B1

S$0.30

HC Surgical Specialists

7D

5.2%

1Y

3.4%

9G2

S$0.055

Singapore Institute of Advanced Medicine Holdings

7D

-5.2%

1Y

n/a

QC7

S$0.28

Q & M Dental Group (Singapore)

7D

-1.8%

1Y

7.8%

OTX

S$0.20

Medinex

7D

-2.5%

1Y

7.1%

FRQ

S$0.09

Singapore Paincare Holdings

7D

-6.3%

1Y

-43.8%

A50

S$0.051

Thomson Medical Group

7D

6.3%

1Y

-3.8%

5WA

S$0.027

OUE Healthcare

7D

-3.6%

1Y

-3.6%