Earnings Troubles May Signal Larger Issues for Thomson Medical Group (SGX:A50) Shareholders
Sep 02
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Singaporean (SGX) Healthcare Services Industry Analysis
UpdatedSep 03, 2024
DataAggregated Company Financials
Companies21
- 7D0.5%
- 3M-5.1%
- 1Y-20.0%
- YTD-15.5%
The Healthcare Services industry has stayed flat over the last week. Unfortunately though, the industry is down 22% over the past 12 months. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Sep 2024 | S$4.5b | S$1.9b | S$80.6m | 16x | 56.4x | 2.3x |
| Thu, 01 Aug 2024 | S$4.7b | S$1.9b | S$92.4m | 18.5x | 50.4x | 2.4x |
| Sat, 29 Jun 2024 | S$4.7b | S$1.9b | S$125.4m | 17x | 37.3x | 2.4x |
| Mon, 27 May 2024 | S$4.8b | S$1.9b | S$127.6m | 15.9x | 37.8x | 2.5x |
| Wed, 24 Apr 2024 | S$4.7b | S$1.9b | S$127.7m | 15.7x | 37.2x | 2.5x |
| Fri, 22 Mar 2024 | S$4.8b | S$1.9b | S$181.7m | 15x | 26.4x | 2.5x |
| Sun, 18 Feb 2024 | S$5.0b | S$1.9b | S$215.1m | 14.7x | 23.3x | 2.6x |
| Tue, 16 Jan 2024 | S$5.6b | S$2.3b | S$271.4m | 15x | 20.6x | 2.5x |
| Thu, 14 Dec 2023 | S$5.6b | S$2.3b | S$269.9m | 15.3x | 20.7x | 2.5x |
| Sat, 11 Nov 2023 | S$5.5b | S$2.2b | S$272.3m | 16.2x | 20.2x | 2.5x |
| Mon, 09 Oct 2023 | S$6.0b | S$2.2b | S$269.3m | 18.3x | 22.3x | 2.7x |
| Wed, 06 Sep 2023 | S$6.1b | S$2.2b | S$269.2m | 18.1x | 22.8x | 2.8x |
| Fri, 04 Aug 2023 | S$6.4b | S$2.2b | S$305.7m | 18.4x | 20.9x | 2.9x |
| Sun, 02 Jul 2023 | S$6.3b | S$2.2b | S$306.4m | 17.3x | 20.6x | 2.8x |
| Tue, 30 May 2023 | S$6.3b | S$2.2b | S$309.3m | 17.1x | 20.3x | 2.8x |
| Thu, 27 Apr 2023 | S$6.5b | S$2.2b | S$293.9m | 16.8x | 22.2x | 2.9x |
| Sat, 25 Mar 2023 | S$6.5b | S$2.2b | S$295.2m | 16.8x | 22.1x | 2.9x |
| Mon, 20 Feb 2023 | S$6.8b | S$2.2b | S$267.5m | 18x | 25.4x | 3.2x |
| Wed, 18 Jan 2023 | S$6.8b | S$2.1b | S$258.5m | 18.8x | 26.2x | 3.2x |
| Fri, 16 Dec 2022 | S$6.8b | S$2.1b | S$261.0m | 18.5x | 26x | 3.2x |
| Sun, 13 Nov 2022 | S$6.9b | S$2.1b | S$269.4m | 14.8x | 25.5x | 3.2x |
| Tue, 11 Oct 2022 | S$6.6b | S$2.1b | S$267.0m | 16.1x | 24.9x | 3.1x |
| Thu, 08 Sep 2022 | S$7.0b | S$2.1b | S$267.0m | 16.5x | 26.1x | 3.3x |
| Sat, 06 Aug 2022 | S$7.1b | S$2.0b | S$339.6m | 16.2x | 20.8x | 3.5x |
| Mon, 04 Jul 2022 | S$6.5b | S$2.0b | S$319.7m | 16x | 20.4x | 3.3x |
| Wed, 01 Jun 2022 | S$6.7b | S$2.0b | S$323.2m | 16x | 20.8x | 3.4x |
| Fri, 29 Apr 2022 | S$6.7b | S$1.9b | S$310.8m | 16.4x | 21.7x | 3.5x |
| Sun, 27 Mar 2022 | S$6.8b | S$2.0b | S$295.0m | 16.4x | 23.1x | 3.5x |
| Tue, 22 Feb 2022 | S$7.2b | S$1.9b | S$304.9m | 16.4x | 23.7x | 3.9x |
| Thu, 20 Jan 2022 | S$7.3b | S$1.8b | S$200.9m | 17x | 36.3x | 4x |
| Sat, 18 Dec 2021 | S$7.3b | S$1.8b | S$201.2m | 17.7x | 36.2x | 4x |
| Mon, 15 Nov 2021 | S$7.4b | S$1.8b | S$202.0m | 16.9x | 36.8x | 4.1x |
| Wed, 13 Oct 2021 | S$7.7b | S$1.8b | S$198.7m | 17.2x | 38.6x | 4.3x |
| Fri, 10 Sep 2021 | S$7.5b | S$1.8b | S$198.8m | 18.5x | 37.5x | 4.2x |
Price to Earnings Ratio
37.5x
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 55.6x which is higher than its 3-year average PE of 27.6x.
- The 3-year average PS ratio of 3.1x 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 26% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, 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 | 1.68% | |
| Healthcare | 0.41% | |
| Healthcare Services | 0.53% | |
| Healthcare Facilities | 0.84% | |
| Healthcare Distributors | 0% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -0.43% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 25.7x.
- Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 27.9% 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 28% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 5.1% 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 | |
|---|---|---|---|---|---|
| A50 Thomson Medical Group | S$0.051 | 2.0% +S$26.4m | -15.0% | PE87.4x | |
| BSL Raffles Medical Group | S$0.91 | 0.6% +S$9.3m | -27.2% | PE27.7x | |
| FRQ Singapore Paincare Holdings | S$0.15 | 22.5% +S$4.6m | -22.2% | PE12.8x | |
| MIJ Alliance Healthcare Group | S$0.14 | 17.4% +S$4.3m | 9.2% | PE40.6x | |
| PRH Livingstone Health Holdings | S$0.032 | 6.7% +S$1.2m | 6.7% | PS0.8x |