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South African (JSE) Healthcare Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies4
  • 7D-0.7%
  • 3M2.4%
  • 1Y-34.5%
  • YTD-33.3%

Over the last 7 days, the Healthcare industry has risen 1.1%, driven by gains from Life Healthcare Group Holdings of 3.0%. However, the industry is down 34% over the past year. Looking forward, earnings are forecast to grow by 48% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025R78.0bR95.1b-R1,180,655,123.0011.4x-66x0.8x
Sun, 23 Nov 2025R75.0bR95.9b-R477,308,716.0032.6x-157.2x0.8x
Tue, 21 Oct 2025R91.1bR105.7bR381.2m12.7x239x0.9x
Thu, 18 Sep 2025R88.5bR105.7bR381.2m12.3x232.1x0.8x
Sat, 16 Aug 2025R97.8bR108.4bR5.9b12.3x16.7x0.9x
Mon, 14 Jul 2025R96.8bR108.4bR5.9b11.2x16.5x0.9x
Wed, 11 Jun 2025R102.5bR108.4bR5.9b12.5x17.5x0.9x
Fri, 09 May 2025R99.0bR106.9bR8.7b11.8x11.4x0.9x
Sun, 06 Apr 2025R108.8bR106.9bR8.7b13x12.6x1x
Tue, 04 Mar 2025R128.8bR106.8bR8.6b12.4x15x1.2x
Thu, 30 Jan 2025R130.8bR106.8bR8.7b12.8x15.1x1.2x
Sat, 28 Dec 2024R128.3bR106.8bR8.7b13.1x14.8x1.2x
Mon, 25 Nov 2024R130.0bR103.8bR8.0b16.1x16.3x1.3x
Wed, 23 Oct 2024R134.4bR103.8bR8.0b16x16.9x1.3x
Fri, 20 Sep 2024R136.4bR103.8bR8.0b15.1x17.1x1.3x
Sun, 18 Aug 2024R147.2bR101.3bR8.4b13.7x17.6x1.5x
Tue, 16 Jul 2024R149.9bR101.3bR8.4b12.5x17.9x1.5x
Thu, 13 Jun 2024R143.0bR101.3bR8.4b12.1x17.1x1.4x
Sat, 11 May 2024R142.2bR100.0bR8.2b12.3x17.3x1.4x
Mon, 08 Apr 2024R138.0bR100.0bR8.2b12.6x16.8x1.4x
Wed, 06 Mar 2024R140.3bR100.0bR8.0b16x17.6x1.4x
Fri, 02 Feb 2024R140.0bR98.7bR8.3b15.6x16.8x1.4x
Sun, 31 Dec 2023R145.8bR98.7bR8.3b16.1x17.5x1.5x
Tue, 28 Nov 2023R133.1bR98.7bR8.3b14.8x16x1.3x
Thu, 26 Oct 2023R125.2bR105.1bR8.5b14.1x14.8x1.2x
Sat, 23 Sep 2023R133.3bR105.1bR8.5b14.9x15.7x1.3x
Mon, 21 Aug 2023R139.7bR102.7bR9.0b14.6x15.4x1.4x
Wed, 19 Jul 2023R141.2bR102.7bR9.0b15.1x15.6x1.4x
Fri, 16 Jun 2023R142.4bR102.7bR9.0b15.4x15.7x1.4x
Sun, 14 May 2023R137.4bR99.7bR8.9b16.3x15.4x1.4x
Tue, 11 Apr 2023R140.2bR99.7bR8.9b16.3x15.8x1.4x
Thu, 09 Mar 2023R133.0bR99.7bR8.4b15.7x15.8x1.3x
Sat, 04 Feb 2023R119.2bR99.6bR9.0b13.3x13.2x1.2x
Mon, 02 Jan 2023R113.3bR99.6bR9.0b13.1x12.6x1.1x
Price to Earnings Ratio

12.6x


Total Market Cap: R113.3bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 25.9x20242025
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 0.82x.
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 Market2.14%
Healthcare-0.72%
Healthcare Services0.93%
Pharma-2.06%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 29.6x.
    • Analysts are expecting annual earnings growth of 42.3%, 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 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
NTC NetcareR15.801.6%
+R298.0m		5.4%PE11.4x
LHC Life Healthcare Group HoldingsR11.560.2%
+R28.6m		-30.1%PS0.7x

Latest News

NTC
R15.80
Netcare
7D
1.6%
1Y
5.4%
LHC
R11.56
Life Healthcare Group Holdings
7D
0.2%
1Y
-30.1%

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.
APN
R94.50
Aspen Pharmacare Holdings
7D
-2.1%
1Y
-45.1%
CCC
R2.18
Cilo Cybin Holdings
7D
-0.5%
1Y
-44.1%