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South African (JSE) Healthcare Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies5
  • 7D-3.6%
  • 3M-6.8%
  • 1Y-35.3%
  • YTD-35.0%

Over the last 7 days, the Healthcare industry has dropped 3.6%, driven by Life Healthcare Group Holdings declining 12%. Overall the industry is down 35% in 12 months. Looking forward, earnings are forecast to grow by 47% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Nov 2025R75.0bR95.9b-R695,378,123.0032.6x-107.9x0.8x
Fri, 24 Oct 2025R92.8bR105.7bR381.2m12.6x243.3x0.9x
Sun, 21 Sep 2025R89.9bR105.7bR381.2m12.3x236x0.9x
Tue, 19 Aug 2025R98.8bR108.4bR5.9b12.5x16.9x0.9x
Thu, 17 Jul 2025R94.4bR108.4bR5.9b11x16.1x0.9x
Sat, 14 Jun 2025R98.5bR108.4bR5.9b11.8x16.8x0.9x
Mon, 12 May 2025R101.9bR106.9bR8.7b12.2x11.8x1x
Wed, 09 Apr 2025R111.4bR106.9bR8.7b13.3x12.9x1x
Fri, 07 Mar 2025R123.2bR107.6bR8.7b12.3x14.2x1.1x
Sun, 02 Feb 2025R130.4bR106.8bR8.7b12.6x15.1x1.2x
Tue, 31 Dec 2024R126.7bR106.8bR8.7b13.4x14.6x1.2x
Thu, 28 Nov 2024R128.3bR106.8bR8.7b12.7x14.7x1.2x
Sat, 26 Oct 2024R133.6bR103.8bR8.0b15.9x16.8x1.3x
Mon, 23 Sep 2024R136.1bR103.8bR8.0b15.2x17.1x1.3x
Wed, 21 Aug 2024R152.0bR101.3bR8.4b14.3x18.1x1.5x
Fri, 19 Jul 2024R146.4bR101.3bR8.4b13x17.5x1.4x
Sun, 16 Jun 2024R140.5bR101.3bR8.4b12.5x16.8x1.4x
Tue, 14 May 2024R142.3bR100.0bR8.2b12.3x17.3x1.4x
Thu, 11 Apr 2024R138.9bR100.0bR8.2b12.5x16.9x1.4x
Sat, 09 Mar 2024R141.1bR100.0bR8.0b15.9x17.7x1.4x
Mon, 05 Feb 2024R138.5bR98.7bR8.3b15.3x16.6x1.4x
Wed, 03 Jan 2024R144.0bR98.7bR8.3b15.8x17.3x1.5x
Fri, 01 Dec 2023R135.8bR98.7bR8.3b15.1x16.3x1.4x
Sun, 29 Oct 2023R126.3bR105.1bR8.5b14.1x14.9x1.2x
Tue, 26 Sep 2023R133.3bR105.1bR8.5b14.9x15.7x1.3x
Thu, 24 Aug 2023R140.1bR102.8bR9.1b14.8x15.5x1.4x
Sat, 22 Jul 2023R142.6bR102.7bR9.0b15.2x15.8x1.4x
Mon, 19 Jun 2023R142.4bR102.7bR9.0b15.4x15.7x1.4x
Wed, 17 May 2023R137.5bR99.7bR8.9b16.5x15.5x1.4x
Fri, 14 Apr 2023R139.1bR99.7bR8.9b16.3x15.6x1.4x
Sun, 12 Mar 2023R140.7bR99.7bR8.4b16.5x16.7x1.4x
Tue, 07 Feb 2023R119.4bR99.6bR9.0b13.3x13.2x1.2x
Thu, 05 Jan 2023R115.0bR99.6bR9.0b13.5x12.8x1.2x
Sat, 03 Dec 2022R116.5bR99.6bR9.0b13.1x12.9x1.2x
Price to Earnings Ratio

12.9x


Total Market Cap: R116.5bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 28.3x202320242025
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 0.78x.
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 Market-2.16%
Healthcare-3.63%
Pharma-1.80%
Healthcare Services-5.79%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 39.1%, which is higher than its past year's earnings growth of 19.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 73% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 39% 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 HoldingsR92.921.0%
+R395.2m		-44.7%PS1x
NTC NetcareR15.261.0%
+R182.8m		0.4%PE10.7x
ASC Ascendis HealthR0.983.2%
+R18.8m		36.1%PE54.4x

Latest News

NTC
R15.26
Netcare
7D
1.0%
1Y
0.4%
CCC
R2.88
Cilo Cybin Holdings
7D
-6.8%
1Y
-23.2%
APN
R92.92
Aspen Pharmacare Holdings
7D
1.0%
1Y
-44.7%

Investors Aren't Buying Aspen Pharmacare Holdings Limited's (JSE:APN) Revenues

Nov 18
Investors Aren't Buying Aspen Pharmacare Holdings Limited's (JSE:APN) Revenues
LHC
R10.62
Life Healthcare Group Holdings
7D
-11.4%
1Y
-39.9%

LHC: Future Earnings Will Improve Margins Despite Reduced Revenue Expectations

Analysts have lowered their price target for Life Healthcare Group Holdings from R15.44 to R13.76. This adjustment reflects slightly reduced expectations for revenue growth and profit margins.
ASC
R0.98
Ascendis Health
7D
3.2%
1Y
36.1%