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South African (JSE) Healthcare Sector Analysis
UpdatedAug 27, 2025
DataAggregated Company Financials
Companies6
- 7D-5.7%
- 3M-5.7%
- 1Y-38.3%
- YTD-27.4%
Over the last 7 days, the Healthcare industry has dropped 5.2%, driven by Aspen Pharmacare Holdings declining 11%. Overall the industry is down 37% in 12 months. Looking forward, earnings are forecast to grow by 23% annually.
Sector Valuation and Performance
Has the South African Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Aug 2025 | R92.5b | R108.6b | R5.9b | 11.8x | 15.6x | 0.9x |
| Fri, 25 Jul 2025 | R101.0b | R108.4b | R5.9b | 12.7x | 17.3x | 0.9x |
| Sun, 22 Jun 2025 | R100.0b | R108.4b | R5.9b | 12.1x | 17.1x | 0.9x |
| Tue, 20 May 2025 | R98.8b | R107.5b | R8.8b | 11.5x | 11.3x | 0.9x |
| Thu, 17 Apr 2025 | R114.6b | R106.9b | R8.7b | 13.7x | 13.2x | 1.1x |
| Sat, 15 Mar 2025 | R123.5b | R107.6b | R8.7b | 12.3x | 14.2x | 1.1x |
| Mon, 10 Feb 2025 | R123.7b | R106.8b | R8.7b | 11.9x | 14.3x | 1.2x |
| Wed, 08 Jan 2025 | R130.3b | R106.8b | R8.7b | 13.5x | 15x | 1.2x |
| Fri, 06 Dec 2024 | R129.9b | R106.8b | R8.7b | 13x | 15x | 1.2x |
| Sun, 03 Nov 2024 | R133.3b | R103.8b | R8.0b | 15.6x | 16.8x | 1.3x |
| Tue, 01 Oct 2024 | R140.1b | R103.8b | R8.0b | 15.7x | 17.6x | 1.3x |
| Thu, 29 Aug 2024 | R152.1b | R101.8b | R8.3b | 14.4x | 18.3x | 1.5x |
| Sat, 27 Jul 2024 | R150.8b | R101.3b | R8.4b | 13.1x | 18x | 1.5x |
| Mon, 24 Jun 2024 | R154.3b | R101.3b | R8.4b | 13.3x | 18.4x | 1.5x |
| Wed, 22 May 2024 | R142.4b | R100.0b | R8.2b | 12.1x | 17.4x | 1.4x |
| Fri, 19 Apr 2024 | R135.5b | R100.0b | R8.2b | 11.6x | 16.5x | 1.4x |
| Sun, 17 Mar 2024 | R142.9b | R100.0b | R8.0b | 16x | 17.9x | 1.4x |
| Tue, 13 Feb 2024 | R137.0b | R98.0b | R8.4b | 15.2x | 16.4x | 1.4x |
| Thu, 11 Jan 2024 | R145.0b | R98.7b | R8.3b | 15.9x | 17.4x | 1.5x |
| Sat, 09 Dec 2023 | R135.4b | R98.7b | R8.3b | 14.9x | 16.3x | 1.4x |
| Mon, 06 Nov 2023 | R133.9b | R105.1b | R8.5b | 15.1x | 15.8x | 1.3x |
| Wed, 04 Oct 2023 | R132.2b | R105.1b | R8.5b | 14.8x | 15.6x | 1.3x |
| Fri, 01 Sep 2023 | R134.6b | R102.8b | R9.1b | 14.1x | 14.8x | 1.3x |
| Sun, 30 Jul 2023 | R144.3b | R102.7b | R9.0b | 15.4x | 16x | 1.4x |
| Tue, 27 Jun 2023 | R137.9b | R102.7b | R9.0b | 15x | 15.2x | 1.3x |
| Thu, 25 May 2023 | R136.8b | R100.9b | R9.1b | 15.1x | 15x | 1.4x |
| Sat, 22 Apr 2023 | R140.3b | R99.7b | R8.9b | 16.7x | 15.8x | 1.4x |
| Mon, 20 Mar 2023 | R133.7b | R99.7b | R8.4b | 15.6x | 15.9x | 1.3x |
| Wed, 15 Feb 2023 | R118.9b | R99.6b | R9.0b | 13.4x | 13.2x | 1.2x |
| Fri, 13 Jan 2023 | R118.4b | R99.6b | R9.0b | 13.6x | 13.1x | 1.2x |
| Sun, 11 Dec 2022 | R115.2b | R99.6b | R9.0b | 13.1x | 12.8x | 1.2x |
| Tue, 08 Nov 2022 | R123.4b | R98.6b | R8.8b | 14.2x | 13.9x | 1.3x |
| Thu, 06 Oct 2022 | R114.6b | R98.6b | R8.8b | 13x | 12.9x | 1.2x |
| Sat, 03 Sep 2022 | R124.2b | R98.6b | R7.5b | 15.2x | 16.6x | 1.3x |
Price to Earnings Ratio
16.6x
Current Industry PE
- Investors are relatively neutral on the South African Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.6x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 7.4% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.3% per year.
- This means that although more sales are being generated, 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 | 0.97% | |
| Healthcare | -5.66% | |
| Healthcare Services | -0.99% | |
| Pharma | -8.50% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 20.1x.
- Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings growth of 19.5% per year.
- Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 15.1x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings growth rate of 20% per year.
- In contrast, the Pharma industry is expected to see its earnings grow by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIP Adcock Ingram Holdings | R72.05 | 1.8% +R190.8m | 11.9% | PE12.3x | |
| NTC Netcare | R14.00 | 0.6% +R109.7m | 3.6% | PE11.2x |