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South African (JSE) Healthcare Sector Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies4
  • 7D12.4%
  • 3M10.9%
  • 1Y-25.1%
  • YTDn/a

In the last week, the Healthcare industry is up 12%, with Aspen Pharmacare Holdings up 24%. In contrast, the industry has lost 24% in the last 12 months. Looking forward, earnings are forecast to grow by 49% annually.

Sector Valuation and Performance

Has the South African Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026R87.6bR95.1b-R1,180,655,123.0011.4x-74.2x0.9x
Sun, 30 Nov 2025R77.3bR95.1b-R1,169,378,123.0031x-66.1x0.8x
Tue, 28 Oct 2025R91.2bR105.7bR381.2m12.8x239.3x0.9x
Thu, 25 Sep 2025R89.0bR105.7bR381.2m12.3x233.4x0.8x
Sat, 23 Aug 2025R94.5bR108.4bR5.9b12.6x16.2x0.9x
Mon, 21 Jul 2025R94.7bR108.4bR5.9b11.1x16.2x0.9x
Wed, 18 Jun 2025R98.6bR108.4bR5.9b11.8x16.8x0.9x
Fri, 16 May 2025R99.7bR106.9bR8.7b12x11.5x0.9x
Sun, 13 Apr 2025R109.9bR106.9bR8.7b13.1x12.7x1x
Tue, 11 Mar 2025R125.5bR107.6bR8.7b11.8x14.5x1.2x
Thu, 06 Feb 2025R127.7bR106.8bR8.7b12.3x14.7x1.2x
Sat, 04 Jan 2025R129.6bR106.8bR8.7b13.9x15x1.2x
Mon, 02 Dec 2024R126.9bR106.8bR8.7b12.7x14.7x1.2x
Wed, 30 Oct 2024R134.1bR103.8bR8.0b15.7x16.9x1.3x
Fri, 27 Sep 2024R140.8bR103.8bR8.0b16x17.7x1.4x
Sun, 25 Aug 2024R152.8bR101.8bR8.3b14.4x18.3x1.5x
Tue, 23 Jul 2024R146.8bR101.3bR8.4b13.1x17.5x1.4x
Thu, 20 Jun 2024R154.1bR101.3bR8.4b13.3x18.4x1.5x
Sat, 18 May 2024R141.4bR100.0bR8.2b12.2x17.2x1.4x
Mon, 15 Apr 2024R136.4bR100.0bR8.2b11.8x16.6x1.4x
Wed, 13 Mar 2024R142.2bR100.0bR8.0b15.9x17.9x1.4x
Fri, 09 Feb 2024R139.0bR98.0bR8.4b15.6x16.6x1.4x
Sun, 07 Jan 2024R143.8bR98.7bR8.3b15.7x17.3x1.5x
Tue, 05 Dec 2023R137.5bR98.7bR8.3b15.3x16.5x1.4x
Thu, 02 Nov 2023R129.5bR105.1bR8.5b14.6x15.3x1.2x
Sat, 30 Sep 2023R133.3bR105.1bR8.5b14.9x15.7x1.3x
Mon, 28 Aug 2023R140.1bR102.8bR9.1b14.7x15.5x1.4x
Wed, 26 Jul 2023R143.1bR102.7bR9.0b15.2x15.8x1.4x
Fri, 23 Jun 2023R139.4bR102.7bR9.0b15.1x15.4x1.4x
Sun, 21 May 2023R132.6bR99.7bR8.9b16x14.9x1.3x
Tue, 18 Apr 2023R138.3bR99.7bR8.9b16.1x15.5x1.4x
Thu, 16 Mar 2023R133.4bR99.7bR8.4b15.6x15.9x1.3x
Sat, 11 Feb 2023R117.3bR99.6bR9.0b13.2x13x1.2x
Mon, 09 Jan 2023R117.2bR99.6bR9.0b13.7x13x1.2x
Price to Earnings Ratio

13x


Total Market Cap: R117.2bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 25.4x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.92x.
Past Earnings Growth
  • Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall.
  • 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 South African Healthcare sector?

ZA Market-0.88%
Healthcare12.42%
Pharma23.22%
Healthcare Services-0.59%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 31.3x.
    • Analysts are expecting annual earnings growth of 42.0%, which is higher than its past year's earnings growth of 17.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 54% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 42% 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
APN Aspen Pharmacare HoldingsR116.7923.6%
+R9.9b		-30.2%PS1.2x
NTC NetcareR15.830.2%
+R35.8m		5.6%PE11.4x

Latest News

APN
R116.79
Aspen Pharmacare Holdings
7D
23.6%
1Y
-30.2%
NTC
R15.83
Netcare
7D
0.2%
1Y
5.6%
LHC
R11.39
Life Healthcare Group Holdings
7D
-1.5%
1Y
-31.1%

LHC: Dividend Strength Is Expected To Drive Attractive Future Returns

Analysts have nudged their price target on Life Healthcare Group Holdings slightly lower, from R13.78 to R12.90. They have factored more muted revenue growth, softer profit margin expectations, and a higher future price to earnings multiple into their updated valuation models.
CCC
R2.15
Cilo Cybin Holdings
7D
-1.4%
1Y
-43.4%