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South African (JSE) Healthcare Sector Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.7%
  • 3M5.4%
  • 1Y-16.1%
  • YTD7.4%

The Healthcare is pretty flat in the last 7 days, but Life Healthcare Group Holdings has stood out, gaining 4.4%. As for the longer term, the industry has declined 16% in the last year. 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
Mon, 30 Mar 2026R92.8bR94.3b-R1,903,655,123.0011.8x-48.7x1x
Wed, 25 Feb 2026R94.9bR95.1b-R1,180,655,123.0011.9x-80.4x1x
Fri, 23 Jan 2026R87.5bR95.1b-R1,180,655,123.0011.7x-74.1x0.9x
Sun, 21 Dec 2025R78.9bR95.1b-R1,180,655,123.0011.2x-66.8x0.8x
Tue, 18 Nov 2025R79.2bR95.9b-R477,308,716.0032.5x-165.9x0.8x
Thu, 16 Oct 2025R92.2bR105.7bR381.2m12.6x242x0.9x
Sat, 13 Sep 2025R94.6bR105.7bR381.2m12.4x248.1x0.9x
Mon, 11 Aug 2025R97.2bR108.4bR5.9b12.3x16.6x0.9x
Wed, 09 Jul 2025R97.2bR108.4bR5.9b11.4x16.6x0.9x
Fri, 06 Jun 2025R100.9bR108.4bR5.9b12.1x17.2x0.9x
Sun, 04 May 2025R102.4bR106.9bR8.7b12.2x11.8x1x
Tue, 01 Apr 2025R117.0bR106.9bR8.7b13.9x13.5x1.1x
Thu, 27 Feb 2025R123.0bR106.8bR8.6b12.1x14.3x1.2x
Sat, 25 Jan 2025R127.8bR106.8bR8.7b12.4x14.8x1.2x
Mon, 23 Dec 2024R130.2bR106.8bR8.7b13.4x15x1.2x
Wed, 20 Nov 2024R129.8bR103.8bR8.0b15.9x16.3x1.3x
Fri, 18 Oct 2024R138.6bR103.8bR8.0b15.9x17.4x1.3x
Sun, 15 Sep 2024R132.6bR103.8bR8.0b13.7x16.7x1.3x
Tue, 13 Aug 2024R145.1bR101.3bR8.4b13x17.3x1.4x
Thu, 11 Jul 2024R146.8bR101.3bR8.4b12.2x17.5x1.4x
Sat, 08 Jun 2024R144.8bR101.3bR8.4b12x17.3x1.4x
Mon, 06 May 2024R139.3bR100.0bR8.2b11.8x17x1.4x
Wed, 03 Apr 2024R146.6bR100.0bR8.2b16x17.9x1.5x
Fri, 01 Mar 2024R139.1bR98.0bR8.3b15.4x16.7x1.4x
Sun, 28 Jan 2024R144.2bR98.7bR8.3b15.9x17.3x1.5x
Tue, 26 Dec 2023R142.4bR98.7bR8.3b15.6x17.1x1.4x
Thu, 23 Nov 2023R130.9bR97.8bR8.3b14.9x15.9x1.3x
Sat, 21 Oct 2023R127.1bR105.1bR8.5b14.3x15x1.2x
Mon, 18 Sep 2023R131.5bR105.1bR8.5b14.6x15.5x1.3x
Wed, 16 Aug 2023R143.0bR102.7bR9.0b15x15.8x1.4x
Fri, 14 Jul 2023R138.4bR102.7bR9.0b14.8x15.3x1.3x
Sun, 11 Jun 2023R136.7bR102.7bR9.0b15.1x15.1x1.3x
Tue, 09 May 2023R140.3bR99.7bR8.9b16.7x15.8x1.4x
Thu, 06 Apr 2023R139.6bR99.7bR8.9b16.3x15.7x1.4x
Price to Earnings Ratio

15.7x


Total Market Cap: R139.6bTotal Earnings: R8.9bTotal Revenue: R99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 18.9x202420252026
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 0.98x.
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 Market0.99%
Healthcare-0.68%
Healthcare Services3.47%
Pharma-3.10%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 53.2x.
    • Analysts are expecting annual earnings growth of 36.3%, 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 56% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 36% 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
LHC Life Healthcare Group HoldingsR11.233.4%
+R529.5m		-18.8%PS0.6x
NTC NetcareR16.462.6%
+R500.6m		25.0%PE11.8x
CCC Cilo Cybin HoldingsR1.0042.9%
+R86.4m		-75.1%PS40.4x

Latest News

NTC
R16.46
Netcare
7D
2.6%
1Y
25.0%
LHC
R11.23
Life Healthcare Group Holdings
7D
3.4%
1Y
-18.8%

LHC: JPMorgan Upgrade And Institutional Buying Will Support Future Upside

Analysts have adjusted their ZAR price target for Life Healthcare Group Holdings to ZAR13.70, reflecting updated assumptions on revenue growth, profit margins, and future P/E following recent supportive research commentary, including the latest upgrade from JPMorgan. Analyst Commentary Bullish analysts are pointing to the recent ZAR13.70 price target as a sign of growing confidence in Life Healthcare Group Holdings' ability to support its current valuation through cash flow and earnings delivery.
APN
R127.94
Aspen Pharmacare Holdings
7D
-0.4%
1Y
-21.9%
CCC
R1.00
Cilo Cybin Holdings
7D
42.9%
1Y
-75.1%