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New Zealand (NZX) Healthcare Sector Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies17
  • 7D-0.7%
  • 3M-13.9%
  • 1Y-7.8%
  • YTD-12.8%

In the last week, Healthcare has been flat. Unfortunately though, the industry is down 7.8% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

Has the New Zealand Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023NZ$26.7bNZ$16.6bNZ$1.1b23.9x24x1.6x
Thu, 28 Sep 2023NZ$28.3bNZ$16.4bNZ$1.1b29x25.6x1.7x
Sat, 26 Aug 2023NZ$28.8bNZ$16.5bNZ$1.1b28.8x26.3x1.7x
Mon, 24 Jul 2023NZ$30.9bNZ$15.9bNZ$1.1b29.6x28.7x1.9x
Wed, 21 Jun 2023NZ$30.1bNZ$16.0bNZ$1.1b29.2x27.9x1.9x
Fri, 19 May 2023NZ$31.9bNZ$15.4bNZ$1.6b18.8x20.2x2.1x
Sun, 16 Apr 2023NZ$31.8bNZ$15.6bNZ$1.6b18.9x20.1x2x
Tue, 14 Mar 2023NZ$30.8bNZ$15.5bNZ$1.6b18.8x19.5x2x
Thu, 09 Feb 2023NZ$31.3bNZ$14.8bNZ$1.7b18.2x18.4x2.1x
Sat, 07 Jan 2023NZ$29.5bNZ$14.6bNZ$1.7b20x17.3x2x
Mon, 05 Dec 2022NZ$29.9bNZ$14.4bNZ$1.7b21.6x17.7x2.1x
Wed, 02 Nov 2022NZ$27.7bNZ$15.0bNZ$1.9b17x14.4x1.9x
Fri, 30 Sep 2022NZ$27.9bNZ$15.4bNZ$1.9b16.7x14.4x1.8x
Sun, 28 Aug 2022NZ$28.9bNZ$15.2bNZ$1.9b18x14.9x1.9x
Tue, 26 Jul 2022NZ$29.7bNZ$14.0bNZ$2.1b20.7x14.4x2.1x
Thu, 23 Jun 2022NZ$28.2bNZ$13.9bNZ$2.1b19.8x13.7x2x
Sat, 21 May 2022NZ$30.2bNZ$14.1bNZ$2.0b23.1x15x2.1x
Mon, 18 Apr 2022NZ$31.9bNZ$14.0bNZ$2.0b24.8x15.8x2.3x
Wed, 16 Mar 2022NZ$33.1bNZ$13.8bNZ$2.0b23.8x16.5x2.4x
Fri, 11 Feb 2022NZ$36.8bNZ$13.2bNZ$2.0bn/a18.9x2.8x
Sun, 09 Jan 2022NZ$39.7bNZ$13.1bNZ$1.9b24.4x20.4x3x
Tue, 07 Dec 2021NZ$37.8bNZ$12.9bNZ$1.9bn/a19.4x2.9x
Thu, 04 Nov 2021NZ$38.9bNZ$12.9bNZ$1.9b28.3x21x3x
Sat, 02 Oct 2021NZ$39.4bNZ$12.9bNZ$1.9b26.8x21.3x3.1x
Mon, 30 Aug 2021NZ$40.1bNZ$13.0bNZ$1.9b20.1x21.6x3.1x
Tue, 06 Jul 2021NZ$36.8bNZ$13.0bNZ$1.9b20.8x19.8x2.8x
Fri, 09 Apr 2021NZ$37.2bNZ$13.1bNZ$1.7b20.3x21.6x2.8x
Thu, 31 Dec 2020NZ$37.9bNZ$12.6bNZ$1.3b25.2x29.5x3x
Price to Earnings Ratio

36.1x


Total Market Cap: NZ$36.8bTotal Earnings: NZ$1.0bTotal Revenue: NZ$12.4bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Healthcare Sector Price to Earnings3Y Average 20.9x202120222023
Current Industry PE
  • Investors are optimistic on the New Zealander Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.0x which is higher than its 3-year average PE of 21.3x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.8% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Healthcare sector?

NZ Market-2.02%
Healthcare-0.68%
Healthtech0%
Biotech0%
Life Sciences0%
Healthcare Services-0.52%
Pharma-0.62%
Medical Equipment-0.88%
Industry PE
  • Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings decline of 46.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 41% over the next 5 years.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 12% 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
FPH Fisher & Paykel HealthcareNZ$20.800.8%
+NZ$101.8m		6.2%PE48.4x
EBO EBOS GroupNZ$34.280.5%
+NZ$30.7m		-8.6%PE23.8x
CBD CannasouthNZ$0.194.9%
+NZ$2.9m		n/an/a
PEB Pacific EdgeNZ$0.103.0%
+NZ$2.4m		-76.0%PS4x
RUA Rua BioscienceNZ$0.1211.4%
+NZ$1.9m		-51.2%PS27.7x
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Latest News

OCA

NZ$0.67

Oceania Healthcare

7D

-5.6%

1Y

-22.1%

RUA

NZ$0.12

Rua Bioscience

7D

11.4%

1Y

-51.2%

AFT

NZ$3.38

AFT Pharmaceuticals

7D

-0.6%

1Y

-8.9%

PEB

NZ$0.10

Pacific Edge

7D

3.0%

1Y

-76.0%

EBO

NZ$34.28

EBOS Group

7D

0.5%

1Y

-8.6%

Here's What To Make Of EBOS Group's (NZSE:EBO) Decelerating Rates Of Return

Oct 17
Here's What To Make Of EBOS Group's (NZSE:EBO) Decelerating Rates Of Return

FPH

NZ$20.80

Fisher & Paykel Healthcare

7D

0.8%

1Y

6.2%

RYM

NZ$5.72

Ryman Healthcare

7D

-1.2%

1Y

-31.7%

SUM

NZ$9.72

Summerset Group Holdings

7D

-0.3%

1Y

0.4%

TRU

NZ$0.021

TruScreen Group

7D

-12.5%

1Y

-53.3%

BLT

NZ$0.02

BLIS Technologies

7D

-13.0%

1Y

-28.6%

RAD

NZ$0.17

Radius Residential Care

7D

-5.0%

1Y

-42.0%

ARV

NZ$1.20

Arvida Group

7D

-1.6%

1Y

-4.8%