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South African (JSE) Healthcare Sector Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.3%
  • 3M20.1%
  • 1Y-16.5%
  • YTD8.5%

Over the last 7 days, the Healthcare industry has dropped 2.5%, driven by a pullback from Aspen Pharmacare Holdings of 2.0%. Overall the industry is down 19% in 12 months. Looking forward, earnings are forecast to grow by 49% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026R93.7bR94.3b-R1,903,655,123.0011.9x-49.2x1x
Fri, 20 Feb 2026R92.9bR95.1b-R1,180,655,123.0011.6x-78.6x1x
Sun, 18 Jan 2026R90.8bR95.1b-R1,180,655,123.0011.8x-76.9x1x
Tue, 16 Dec 2025R77.4bR95.1b-R1,180,655,123.0011x-65.5x0.8x
Thu, 13 Nov 2025R91.2bR105.7bR381.2m12.8x239.3x0.9x
Sat, 11 Oct 2025R90.8bR105.7bR381.2m12.6x238.1x0.9x
Mon, 08 Sep 2025R93.3bR105.7bR381.2m12.3x244.7x0.9x
Wed, 06 Aug 2025R97.4bR108.4bR5.9b12.4x16.6x0.9x
Fri, 04 Jul 2025R100.9bR108.4bR5.9b11.8x17.2x0.9x
Sun, 01 Jun 2025R101.3bR108.4bR5.9b12.1x17.3x0.9x
Tue, 29 Apr 2025R98.2bR106.9bR8.7b11.7x11.3x0.9x
Thu, 27 Mar 2025R120.3bR107.6bR8.7b12.3x13.9x1.1x
Sat, 22 Feb 2025R124.8bR106.8bR8.6b12.1x14.5x1.2x
Mon, 20 Jan 2025R127.6bR106.8bR8.7b13.2x14.7x1.2x
Wed, 18 Dec 2024R127.8bR106.8bR8.7b12.8x14.8x1.2x
Fri, 15 Nov 2024R129.7bR103.8bR8.0b15.9x16.3x1.2x
Sun, 13 Oct 2024R140.5bR103.8bR8.0b16x17.7x1.4x
Tue, 10 Sep 2024R133.5bR103.8bR8.0b13.8x16.8x1.3x
Thu, 08 Aug 2024R146.3bR101.3bR8.4b13.1x17.4x1.4x
Sat, 06 Jul 2024R146.6bR101.3bR8.4b12.8x17.5x1.4x
Mon, 03 Jun 2024R142.8bR101.3bR8.4b11.3x17x1.4x
Wed, 01 May 2024R139.2bR100.0bR8.2b12.1x17x1.4x
Fri, 29 Mar 2024R146.7bR100.0bR8.0b16x18.4x1.5x
Sun, 25 Feb 2024R139.1bR98.0bR8.3b15.5x16.7x1.4x
Tue, 23 Jan 2024R144.8bR98.7bR8.3b16.1x17.4x1.5x
Thu, 21 Dec 2023R140.1bR98.7bR8.3b15.3x16.8x1.4x
Sat, 18 Nov 2023R128.8bR97.8bR8.3b14.7x15.6x1.3x
Mon, 16 Oct 2023R130.6bR105.1bR8.5b14.6x15.4x1.2x
Wed, 13 Sep 2023R130.1bR105.1bR8.5b14.4x15.3x1.2x
Fri, 11 Aug 2023R145.8bR102.7bR9.0b15.4x16.1x1.4x
Sun, 09 Jul 2023R137.4bR102.7bR9.0b14.8x15.2x1.3x
Tue, 06 Jun 2023R135.0bR102.7bR9.0b14.8x14.9x1.3x
Thu, 04 May 2023R139.8bR99.7bR8.9b16.6x15.7x1.4x
Sat, 01 Apr 2023R138.0bR99.7bR8.9b16.1x15.5x1.4x
Price to Earnings Ratio

15.5x


Total Market Cap: R138.0bTotal Earnings: R8.9bTotal Revenue: R99.7bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 19.2x202420252026
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 0.97x.
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-5.08%
Healthcare-1.31%
Healthcare Services0.69%
Pharma-2.50%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 52.1x.
    • Analysts are expecting annual earnings growth of 36.2%, 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 36% 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 NetcareR16.561.5%
+R286.0m		23.9%PE11.9x

Latest News

NTC
R16.56
Netcare
7D
1.5%
1Y
23.9%
LHC
R11.16
Life Healthcare Group Holdings
7D
-0.3%
1Y
-21.2%

LHC: JPMorgan Upgrade And Institutional Buying Will Support Future Upside

Analysts have adjusted their ZAR price target for Life Healthcare Group Holdings to ZAR13.70, reflecting updated assumptions on revenue growth, profit margins, and future P/E following recent supportive research commentary, including the latest upgrade from JPMorgan. Analyst Commentary Bullish analysts are pointing to the recent ZAR13.70 price target as a sign of growing confidence in Life Healthcare Group Holdings' ability to support its current valuation through cash flow and earnings delivery.
APN
R130.00
Aspen Pharmacare Holdings
7D
-2.0%
1Y
-23.1%
CCC
R0.83
Cilo Cybin Holdings
7D
-58.3%
1Y
-74.1%