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South African (JSE) Healthcare Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies5
- 7D1.7%
- 3M-8.3%
- 1Y-32.9%
- YTD-31.6%
In the last week, the Healthcare industry is up 1.7%, with Netcare up 4.1%. Meanwhile, Cilo Cybin Holdings actually underperformed within the industry, shrinking 14% in the last week. In the past year, the industry is down 33%. Earnings are forecast to grow by 43% 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 |
|---|---|---|---|---|---|---|
| Fri, 14 Nov 2025 | R80.3b | R95.9b | -R477,308,716.00 | 32.2x | -168.2x | 0.8x |
| Sun, 12 Oct 2025 | R90.8b | R105.7b | R381.2m | 12.6x | 238.1x | 0.9x |
| Tue, 09 Sep 2025 | R93.2b | R105.7b | R381.2m | 12.4x | 244.6x | 0.9x |
| Thu, 07 Aug 2025 | R96.6b | R108.4b | R5.9b | 12.2x | 16.5x | 0.9x |
| Sat, 05 Jul 2025 | R98.9b | R108.4b | R5.9b | 11.6x | 16.9x | 0.9x |
| Mon, 02 Jun 2025 | R101.3b | R108.4b | R5.9b | 12.1x | 17.3x | 0.9x |
| Wed, 30 Apr 2025 | R99.3b | R106.9b | R8.7b | 11.9x | 11.5x | 0.9x |
| Fri, 28 Mar 2025 | R119.5b | R107.6b | R8.7b | 12.1x | 13.8x | 1.1x |
| Sun, 23 Feb 2025 | R124.8b | R106.8b | R8.6b | 12.1x | 14.5x | 1.2x |
| Tue, 21 Jan 2025 | R126.9b | R106.8b | R8.7b | 13x | 14.7x | 1.2x |
| Thu, 19 Dec 2024 | R128.1b | R106.8b | R8.7b | 12.8x | 14.8x | 1.2x |
| Sat, 16 Nov 2024 | R129.1b | R103.8b | R8.0b | 15.7x | 16.2x | 1.2x |
| Mon, 14 Oct 2024 | R140.5b | R103.8b | R8.0b | 16x | 17.7x | 1.4x |
| Wed, 11 Sep 2024 | R133.4b | R103.8b | R8.0b | 13.9x | 16.8x | 1.3x |
| Fri, 09 Aug 2024 | R147.4b | R101.3b | R8.4b | 13.2x | 17.6x | 1.5x |
| Sun, 07 Jul 2024 | R146.6b | R101.3b | R8.4b | 12.8x | 17.5x | 1.4x |
| Tue, 04 Jun 2024 | R144.2b | R101.3b | R8.4b | 11.7x | 17.2x | 1.4x |
| Thu, 02 May 2024 | R139.2b | R100.0b | R8.2b | 12.1x | 17x | 1.4x |
| Sat, 30 Mar 2024 | R146.7b | R100.0b | R8.2b | 16x | 17.9x | 1.5x |
| Mon, 26 Feb 2024 | R139.1b | R98.0b | R8.3b | 15.5x | 16.7x | 1.4x |
| Wed, 24 Jan 2024 | R140.9b | R98.7b | R8.3b | 15.8x | 16.9x | 1.4x |
| Fri, 22 Dec 2023 | R139.8b | R98.7b | R8.3b | 15.3x | 16.8x | 1.4x |
| Sun, 19 Nov 2023 | R128.8b | R97.8b | R8.3b | 14.7x | 15.6x | 1.3x |
| Tue, 17 Oct 2023 | R130.3b | R105.1b | R8.5b | 14.6x | 15.4x | 1.2x |
| Thu, 14 Sep 2023 | R130.9b | R105.1b | R8.5b | 14.5x | 15.4x | 1.2x |
| Sat, 12 Aug 2023 | R145.0b | R102.7b | R9.0b | 15.3x | 16x | 1.4x |
| Mon, 10 Jul 2023 | R137.4b | R102.7b | R9.0b | 14.8x | 15.2x | 1.3x |
| Wed, 07 Jun 2023 | R135.4b | R102.7b | R9.0b | 15x | 15x | 1.3x |
| Fri, 05 May 2023 | R139.6b | R99.7b | R8.9b | 16.5x | 15.7x | 1.4x |
| Sun, 02 Apr 2023 | R138.0b | R99.7b | R8.9b | 16.1x | 15.5x | 1.4x |
| Tue, 28 Feb 2023 | R122.8b | R99.6b | R9.0b | 14.5x | 13.6x | 1.2x |
| Thu, 26 Jan 2023 | R116.2b | R99.6b | R9.0b | 13.2x | 12.9x | 1.2x |
| Sat, 24 Dec 2022 | R115.3b | R99.6b | R9.0b | 13.1x | 12.8x | 1.2x |
| Mon, 21 Nov 2022 | R118.4b | R99.4b | R8.8b | 13.1x | 13.4x | 1.2x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are optimistic on the South African Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 234x which is higher than its 3-year average PE of 30.1x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 65% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.1% 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 | 2.88% | |
| Healthcare | 1.73% | |
| Healthcare Services | 3.54% | |
| Pharma | 0.30% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 22.9x.
- Analysts are expecting annual earnings growth of 30.5%, 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 30% 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 | |
|---|---|---|---|---|---|
| NTC Netcare | R15.18 | 4.5% +R804.4m | 1.7% | PE12.2x | |
| LHC Life Healthcare Group Holdings | R12.03 | 2.5% +R418.2m | -27.7% | PS0.6x | |
| ASC Ascendis Health | R0.94 | 2.2% +R12.5m | 30.6% | PE52.2x |