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South African (JSE) Healthcare Sector Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies4
  • 7D0.09%
  • 3M11.1%
  • 1Y-27.1%
  • YTD0.8%

Over the last 7 days, the Healthcare industry has dropped 2.6%, driven by a pullback from Aspen Pharmacare Holdings of 1.1%. However, the industry is down 28% over the past year. 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, 07 Jan 2026R87.0bR95.1b-R1,180,655,123.0011.5x-73.7x0.9x
Fri, 05 Dec 2025R76.5bR95.1b-R1,169,378,123.0030.9x-65.4x0.8x
Sun, 02 Nov 2025R90.4bR105.7bR381.2m12.8x237x0.9x
Tue, 30 Sep 2025R87.0bR105.7bR381.2m12.3x228.2x0.8x
Thu, 28 Aug 2025R95.2bR108.6bR5.9b11.7x16x0.9x
Sat, 26 Jul 2025R100.5bR108.4bR5.9b12.6x17.2x0.9x
Mon, 23 Jun 2025R100.0bR108.4bR5.9b12.1x17.1x0.9x
Wed, 21 May 2025R98.5bR107.5bR8.8b11.5x11.2x0.9x
Fri, 18 Apr 2025R117.9bR106.9bR8.7b14x13.6x1.1x
Sun, 16 Mar 2025R123.5bR107.6bR8.7b12.3x14.2x1.1x
Tue, 11 Feb 2025R124.0bR106.8bR8.7b12x14.3x1.2x
Thu, 09 Jan 2025R127.3bR106.8bR8.7b13.3x14.7x1.2x
Sat, 07 Dec 2024R129.0bR106.8bR8.7b12.9x14.9x1.2x
Mon, 04 Nov 2024R133.3bR103.8bR8.0b15.6x16.8x1.3x
Wed, 02 Oct 2024R140.9bR103.8bR8.0b16x17.7x1.4x
Fri, 30 Aug 2024R153.2bR101.8bR8.3b14.4x18.4x1.5x
Sun, 28 Jul 2024R150.8bR101.3bR8.4b13.1x18x1.5x
Tue, 25 Jun 2024R150.9bR101.3bR8.4b12.9x18x1.5x
Thu, 23 May 2024R143.3bR100.5bR8.2b12.5x17.4x1.4x
Sat, 20 Apr 2024R135.5bR100.0bR8.2b11.6x16.5x1.4x
Mon, 18 Mar 2024R142.9bR100.0bR8.0b16x17.9x1.4x
Wed, 14 Feb 2024R137.5bR98.0bR8.4b15.3x16.5x1.4x
Fri, 12 Jan 2024R146.0bR98.7bR8.3b15.9x17.5x1.5x
Sun, 10 Dec 2023R135.4bR98.7bR8.3b14.9x16.3x1.4x
Tue, 07 Nov 2023R132.7bR105.1bR8.5b15x15.7x1.3x
Thu, 05 Oct 2023R132.2bR105.1bR8.5b14.7x15.6x1.3x
Sat, 02 Sep 2023R133.3bR105.1bR8.5b14.7x15.7x1.3x
Mon, 31 Jul 2023R144.3bR102.7bR9.0b15.4x16x1.4x
Wed, 28 Jun 2023R137.9bR102.7bR9.0b14.8x15.2x1.3x
Fri, 26 May 2023R136.8bR100.9bR9.1b15.1x15x1.4x
Sun, 23 Apr 2023R140.3bR99.7bR8.9b16.7x15.8x1.4x
Tue, 21 Mar 2023R133.9bR99.7bR8.4b15.6x15.9x1.3x
Thu, 16 Feb 2023R118.9bR99.6bR9.0b14.5x13.2x1.2x
Sat, 14 Jan 2023R118.8bR99.6bR9.0b13.6x13.2x1.2x
Price to Earnings Ratio

13.2x


Total Market Cap: R118.8bTotal Earnings: R9.0bTotal Revenue: R99.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Healthcare Sector Price to Earnings3Y Average 25x202420252026
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 0.90x.
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 Market2.09%
Healthcare0.093%
Healthcare Services1.80%
Pharma-1.05%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 32.6x.
    • Analysts are expecting annual earnings growth of 42.0%, 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 54% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 42% 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
LHC Life Healthcare Group HoldingsR11.522.0%
+R329.1m		-32.3%PS0.6x
NTC NetcareR16.001.6%
+R298.0m		4.7%PE11.5x
CCC Cilo Cybin HoldingsR2.181.4%
+R8.6m		-44.1%PS88.1x

Latest News

LHC
R11.52
Life Healthcare Group Holdings
7D
2.0%
1Y
-32.3%

LHC: Dividend Declaration Will Support Confidence Despite Revised Earnings Guidance

Analysts have cut their price target on Life Healthcare Group Holdings from R18.60 to R14.50, pointing to updated assumptions that include a revised discount rate, adjusted revenue growth and profit margin expectations, and a lower forward P/E multiple. What's in the News The board approved a final gross cash dividend of R0.35 per ordinary share, declared from income reserves and subject to a 20% South African dividend withholding tax for shareholders who are not exempt, resulting in a net dividend of R0.28 per share.
APN
R114.50
Aspen Pharmacare Holdings
7D
-1.1%
1Y
-32.9%
NTC
R16.00
Netcare
7D
1.6%
1Y
4.7%
CCC
R2.18
Cilo Cybin Holdings
7D
1.4%
1Y
-44.1%