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South African (JSE) Healthcare Sector Analysis

UpdatedDec 04, 2023
DataAggregated Company Financials
  • 7D1.5%
  • 3M3.5%
  • 1Y17.4%
  • YTD20.2%

In the last week, the Healthcare industry is up 1.5%, with Aspen Pharmacare Holdings up 3.6%. This means that the industry has gained 17% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Dec 2023R135.7bR98.7bR8.3b15.1x16.3x1.4x
Wed, 01 Nov 2023R128.5bR105.1bR8.5b14.5x15.2x1.2x
Fri, 29 Sep 2023R133.8bR105.1bR8.5b14.9x15.8x1.3x
Sun, 27 Aug 2023R140.1bR102.8bR9.1b14.7x15.5x1.4x
Tue, 25 Jul 2023R143.8bR102.7bR9.0b15.2x15.9x1.4x
Thu, 22 Jun 2023R139.6bR102.7bR9.0b15.2x15.4x1.4x
Sat, 20 May 2023R132.6bR99.7bR8.9b16x14.9x1.3x
Mon, 17 Apr 2023R139.1bR99.7bR8.9b16.2x15.6x1.4x
Wed, 15 Mar 2023R136.4bR99.7bR8.4b15.9x16.2x1.4x
Fri, 10 Feb 2023R117.7bR99.6bR9.0b13.2x13.1x1.2x
Sun, 08 Jan 2023R117.2bR99.6bR9.0b13.7x13x1.2x
Tue, 06 Dec 2022R116.2bR99.6bR9.0b13.2x12.9x1.2x
Thu, 03 Nov 2022R123.4bR98.6bR8.8b14.3x14x1.3x
Sat, 01 Oct 2022R111.3bR98.6bR8.8b12.7x12.6x1.1x
Mon, 29 Aug 2022R122.9bR98.6bR7.5b15.1x16.4x1.2x
Wed, 27 Jul 2022R127.0bR98.6bR7.5b15.1x17x1.3x
Fri, 24 Jun 2022R113.6bR98.6bR7.5b13.9x15.2x1.2x
Sun, 22 May 2022R127.3bR97.8bR7.5b14.3x16.9x1.3x
Tue, 19 Apr 2022R144.8bR97.8bR7.5b16.8x19.2x1.5x
Thu, 17 Mar 2022R147.8bR97.3bR7.5b17x19.8x1.5x
Sat, 12 Feb 2022R155.3bR94.5bR7.8b19.9x19.8x1.6x
Mon, 10 Jan 2022R165.4bR94.5bR7.8b20.6x21.1x1.8x
Wed, 08 Dec 2021R162.0bR94.5bR7.8b20.7x20.7x1.7x
Fri, 05 Nov 2021R173.0bR90.5bR5.4b22.3x31.9x1.9x
Sun, 03 Oct 2021R186.5bR90.5bR5.4b25.7x34.5x2.1x
Tue, 31 Aug 2021R155.8bR98.4bR4.2b18.6x37.1x1.6x
Wed, 07 Jul 2021R133.6bR98.4bR4.2b15.4x31.8x1.4x
Sat, 10 Apr 2021R119.4bR101.2bR4.5b12.7x26.5x1.2x
Fri, 01 Jan 2021R106.4bR101.6bR4.4b12.5x24.1x1x
Price to Earnings Ratio


Total Market Cap: R103.3bTotal Earnings: R4.6bTotal Revenue: R99.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 20.6x202120222023
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 industry is trading at a PE ratio of 16.3x which is lower than its 3-year average PE of 20.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 22% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the South African Healthcare sector?

ZA Market-0.84%
Medical Equipment0%
Life Sciences0%
Healthcare Services-0.14%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings growth of 13.0% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading close to its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 18% 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 HoldingsR188.905.7%
NTC NetcareR14.011.7%
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