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South African (JSE) Healthcare Sector Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies4
  • 7D1.0%
  • 3M8.3%
  • 1Y-10.9%
  • YTD13.8%

In the last week, the Healthcare industry is up 1.0%, with Life Healthcare Group Holdings up 3.2%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 49% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026R98.3bR94.3b-R1,903,655,123.0012.6x-51.6x1x
Sat, 14 Mar 2026R94.3bR94.3b-R1,903,655,123.0011.4x-49.5x1x
Mon, 09 Feb 2026R84.2bR95.1b-R1,180,655,123.0011.2x-71.3x0.9x
Wed, 07 Jan 2026R87.0bR95.1b-R1,180,655,123.0011.5x-73.7x0.9x
Fri, 05 Dec 2025R76.5bR95.1b-R1,169,378,123.0030.9x-65.4x0.8x
Sun, 02 Nov 2025R90.4bR105.7bR381.2m12.8x237x0.9x
Tue, 30 Sep 2025R87.0bR105.7bR381.2m12.3x228.2x0.8x
Thu, 28 Aug 2025R95.2bR108.6bR5.9b11.7x16x0.9x
Sat, 26 Jul 2025R100.5bR108.4bR5.9b12.6x17.2x0.9x
Mon, 23 Jun 2025R100.0bR108.4bR5.9b12.1x17.1x0.9x
Wed, 21 May 2025R98.5bR107.5bR8.8b11.5x11.2x0.9x
Fri, 18 Apr 2025R117.9bR106.9bR8.7b14x13.6x1.1x
Sun, 16 Mar 2025R123.5bR107.6bR8.7b12.3x14.2x1.1x
Tue, 11 Feb 2025R124.0bR106.8bR8.7b12x14.3x1.2x
Thu, 09 Jan 2025R127.3bR106.8bR8.7b13.3x14.7x1.2x
Sat, 07 Dec 2024R129.0bR106.8bR8.7b12.9x14.9x1.2x
Mon, 04 Nov 2024R133.3bR103.8bR8.0b15.6x16.8x1.3x
Wed, 02 Oct 2024R140.9bR103.8bR8.0b16x17.7x1.4x
Fri, 30 Aug 2024R153.2bR101.8bR8.3b14.4x18.4x1.5x
Sun, 28 Jul 2024R150.8bR101.3bR8.4b13.1x18x1.5x
Tue, 25 Jun 2024R150.9bR101.3bR8.4b12.9x18x1.5x
Thu, 23 May 2024R143.3bR100.5bR8.2b12.5x17.4x1.4x
Sat, 20 Apr 2024R135.5bR100.0bR8.2b11.6x16.5x1.4x
Mon, 18 Mar 2024R142.9bR100.0bR8.0b16x17.9x1.4x
Wed, 14 Feb 2024R137.5bR98.0bR8.4b15.3x16.5x1.4x
Fri, 12 Jan 2024R146.0bR98.7bR8.3b15.9x17.5x1.5x
Sun, 10 Dec 2023R135.4bR98.7bR8.3b14.9x16.3x1.4x
Tue, 07 Nov 2023R132.7bR105.1bR8.5b15x15.7x1.3x
Thu, 05 Oct 2023R132.2bR105.1bR8.5b14.7x15.6x1.3x
Sat, 02 Sep 2023R133.3bR105.1bR8.5b14.7x15.7x1.3x
Mon, 31 Jul 2023R144.3bR102.7bR9.0b15.4x16x1.4x
Wed, 28 Jun 2023R137.9bR102.7bR9.0b14.8x15.2x1.3x
Fri, 26 May 2023R136.8bR100.9bR9.1b15.1x15x1.4x
Sun, 23 Apr 2023R140.3bR99.7bR8.9b16.7x15.8x1.4x
Price to Earnings Ratio

15.8x


Total Market Cap: R140.3bTotal Earnings: R8.9bTotal Revenue: R99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 17.8x202420252026
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 1.0x.
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 Market0.80%
Healthcare1.01%
Healthcare Services2.67%
Pharma-0.043%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 57.9x.
    • Analysts are expecting annual earnings growth of 36.9%, 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 37% 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 HoldingsR12.553.2%
+R558.1m		-12.7%PS0.7x
NTC NetcareR17.512.2%
+R452.9m		31.3%PE12.6x
CCC Cilo Cybin HoldingsR0.7811.4%
+R23.0m		-80.5%PS31.5x

Latest News

NTC
R17.51
Netcare
7D
2.2%
1Y
31.3%

NTC: Steady Fair Value And Ownership Change Will Support Balanced Outlook

Analysts have kept their Netcare fair value estimate steady at ZAR17.08 per share. This reflects unchanged assumptions on the discount rate, revenue growth, profit margins and future P/E in their latest price target update.
CCC
R0.78
Cilo Cybin Holdings
7D
11.4%
1Y
-80.5%
LHC
R12.55
Life Healthcare Group Holdings
7D
3.2%
1Y
-12.7%

LHC: JPMorgan Upgrade And Margin Improvements Will Support Future Upside

Analysts have modestly lifted their price target for Life Healthcare Group Holdings to ZAR13.70. This reflects updated assumptions for slightly higher revenue growth, firmer profit margins and a marginally lower future P/E, as highlighted in recent Street research.
APN
R133.39
Aspen Pharmacare Holdings
7D
-0.08%
1Y
-18.5%