Here's What To Make Of EBOS Group's (NZSE:EBO) Decelerating Rates Of Return
Oct 17
New Zealand (NZX) Healthcare Services Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies9
- 7D-0.5%
- 3M-11.4%
- 1Y-15.1%
- YTD-12.1%
The Healthcare Services industry has stayed flat over the last week. Unfortunately though, the industry is down 15% over the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the New Zealand Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | NZ$14.2b | NZ$14.8b | NZ$885.8m | 22.6x | 16x | 1x |
| Wed, 27 Sep 2023 | NZ$15.0b | NZ$14.6b | NZ$881.3m | 20.8x | 17x | 1x |
| Fri, 25 Aug 2023 | NZ$15.3b | NZ$14.7b | NZ$879.0m | 21.3x | 17.4x | 1x |
| Sun, 23 Jul 2023 | NZ$15.9b | NZ$14.1b | NZ$859.7m | 23.5x | 18.5x | 1.1x |
| Tue, 20 Jun 2023 | NZ$15.1b | NZ$14.3b | NZ$863.0m | 22.3x | 17.5x | 1.1x |
| Thu, 18 May 2023 | NZ$15.7b | NZ$13.8b | NZ$1.4b | 15.3x | 11.6x | 1.1x |
| Sat, 15 Apr 2023 | NZ$15.6b | NZ$13.9b | NZ$1.4b | 14.3x | 11.5x | 1.1x |
| Mon, 13 Mar 2023 | NZ$15.3b | NZ$13.9b | NZ$1.4b | 15.3x | 11.3x | 1.1x |
| Wed, 08 Feb 2023 | NZ$15.5b | NZ$13.1b | NZ$1.5b | 17.7x | 10.5x | 1.2x |
| Fri, 06 Jan 2023 | NZ$15.1b | NZ$13.0b | NZ$1.5b | 16.1x | 10.2x | 1.2x |
| Sun, 04 Dec 2022 | NZ$15.1b | NZ$12.8b | NZ$1.5b | 17x | 10.3x | 1.2x |
| Tue, 01 Nov 2022 | NZ$15.2b | NZ$13.2b | NZ$1.6b | 10.1x | 9.6x | 1.2x |
| Thu, 29 Sep 2022 | NZ$15.6b | NZ$13.6b | NZ$1.6b | 10.6x | 9.9x | 1.2x |
| Sat, 27 Aug 2022 | NZ$16.3b | NZ$13.3b | NZ$1.6b | 11.4x | 10.3x | 1.2x |
| Mon, 25 Jul 2022 | NZ$16.0b | NZ$12.2b | NZ$1.7b | 11x | 9.4x | 1.3x |
| Wed, 22 Jun 2022 | NZ$16.1b | NZ$12.1b | NZ$1.7b | 10.8x | 9.5x | 1.3x |
| Fri, 20 May 2022 | NZ$16.5b | NZ$12.0b | NZ$1.5b | 9.2x | 10.9x | 1.4x |
| Sun, 17 Apr 2022 | NZ$17.4b | NZ$11.9b | NZ$1.5b | 9.5x | 11.5x | 1.5x |
| Tue, 15 Mar 2022 | NZ$16.5b | NZ$11.7b | NZ$1.5b | 9.7x | 10.9x | 1.4x |
| Thu, 10 Feb 2022 | NZ$17.6b | NZ$11.1b | NZ$1.4b | 24.4x | 12.2x | 1.6x |
| Sat, 08 Jan 2022 | NZ$19.4b | NZ$11.0b | NZ$1.4b | 78.7x | 13.4x | 1.8x |
| Mon, 06 Dec 2021 | NZ$17.5b | NZ$10.8b | NZ$1.4b | 12.3x | 12.1x | 1.6x |
| Wed, 03 Nov 2021 | NZ$18.9b | NZ$10.8b | NZ$1.3b | 26.4x | 14x | 1.7x |
| Fri, 01 Oct 2021 | NZ$19.2b | NZ$10.8b | NZ$1.3b | 17.8x | 14.3x | 1.8x |
| Sun, 29 Aug 2021 | NZ$19.3b | NZ$10.9b | NZ$1.3b | 14.2x | 14.3x | 1.8x |
| Mon, 05 Jul 2021 | NZ$17.3b | NZ$10.9b | NZ$1.3b | 12.8x | 12.8x | 1.6x |
| Thu, 08 Apr 2021 | NZ$17.2b | NZ$11.0b | NZ$1.2b | 13.3x | 14.2x | 1.6x |
| Sun, 10 Jan 2021 | NZ$17.2b | NZ$10.7b | NZ$847.9m | 16.8x | 20.2x | 1.6x |
Price to Earnings Ratio
23.5x
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 16.0x which is higher than its 3-year average PE of 13.9x.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.96x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 12% 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 industry?
| NZ Market | -2.02% | |
| Healthcare | -0.68% | |
| Healthcare Services | -0.52% | |
| Healthcare Distributors | 0.79% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -0.67% | |
| Healthcare Facilities | -1.63% | |
Industry PE
- Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 5.4%, which is lower than the prior year's growth of 25.1% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.4x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 63% per year.
- In contrast, the Healthcare Distributors industry is expected to see its earnings grow by 5.4% 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 | |
|---|---|---|---|---|---|
| EBO EBOS Group | NZ$34.28 | 0.5% +NZ$30.7m | -8.6% | PE23.8x |