The Market Lifts Planet 13 Holdings Inc. (CSE:PLTH) Shares 25% But It Can Do More
May 01
Canadian (TSX) Healthcare Sector Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies164
- 7D6.2%
- 3M4.6%
- 1Y35.4%
- YTD29.5%
The Healthcare industry is up 6.2% in the last week, with Curaleaf Holdings up 13%. This means that the industry has gained 35% over the past year. As for the next few years, earnings are expected to grow by 65% per annum.
Sector Valuation and Performance
Has the Canadian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$40.5b | CA$19.3b | -CA$4,012,223,218.84 | 15.6x | -10.1x | 2.1x |
| Sat, 30 Mar 2024 | CA$37.0b | CA$19.4b | -CA$4,082,340,138.54 | 12.3x | -9.1x | 1.9x |
| Mon, 26 Feb 2024 | CA$35.0b | CA$19.3b | -CA$5,201,835,706.53 | 16.5x | -6.7x | 1.8x |
| Wed, 24 Jan 2024 | CA$36.7b | CA$20.1b | -CA$7,681,670,101.00 | 11.8x | -4.8x | 1.8x |
| Fri, 22 Dec 2023 | CA$31.4b | CA$19.9b | -CA$7,648,983,709.00 | 11.5x | -4.1x | 1.6x |
| Sun, 19 Nov 2023 | CA$31.9b | CA$20.2b | -CA$7,876,771,059.00 | 15.6x | -4.1x | 1.6x |
| Tue, 17 Oct 2023 | CA$33.3b | CA$19.9b | -CA$8,382,773,653.00 | 17.8x | -4x | 1.7x |
| Thu, 14 Sep 2023 | CA$36.9b | CA$20.5b | -CA$8,936,348,929.00 | 17.8x | -4.1x | 1.8x |
| Sat, 12 Aug 2023 | CA$29.8b | CA$20.6b | -CA$9,156,429,652.00 | 17.9x | -3.2x | 1.4x |
| Mon, 10 Jul 2023 | CA$32.1b | CA$20.6b | -CA$10,600,867,441.00 | 21.6x | -3x | 1.6x |
| Wed, 07 Jun 2023 | CA$30.4b | CA$20.7b | -CA$11,545,806,109.00 | 16.4x | -2.6x | 1.5x |
| Fri, 05 May 2023 | CA$31.7b | CA$21.7b | -CA$11,637,683,602.00 | 16.3x | -2.7x | 1.5x |
| Sun, 02 Apr 2023 | CA$30.9b | CA$21.7b | -CA$11,375,197,063.00 | 15.6x | -2.7x | 1.4x |
| Tue, 28 Feb 2023 | CA$34.4b | CA$22.0b | -CA$11,696,059,070.00 | 19.4x | -2.9x | 1.6x |
| Thu, 26 Jan 2023 | CA$35.1b | CA$21.8b | -CA$11,518,417,450.00 | 19.6x | -3x | 1.6x |
| Sat, 24 Dec 2022 | CA$34.3b | CA$22.0b | -CA$11,591,000,196.00 | 20.2x | -3x | 1.6x |
| Mon, 21 Nov 2022 | CA$43.9b | CA$21.7b | -CA$11,727,206,220.00 | 20.9x | -3.7x | 2x |
| Wed, 19 Oct 2022 | CA$42.1b | CA$21.5b | -CA$10,925,710,594.00 | 21.3x | -3.9x | 2x |
| Fri, 16 Sep 2022 | CA$45.0b | CA$21.0b | -CA$10,337,120,836.00 | 23.5x | -4.4x | 2.1x |
| Sun, 14 Aug 2022 | CA$46.8b | CA$20.3b | -CA$9,646,569,987.00 | 22.2x | -4.9x | 2.3x |
| Tue, 12 Jul 2022 | CA$42.6b | CA$19.8b | -CA$7,262,684,715.00 | 19.9x | -5.9x | 2.1x |
| Thu, 09 Jun 2022 | CA$48.9b | CA$19.6b | -CA$7,067,611,913.00 | 19.3x | -6.9x | 2.5x |
| Sat, 07 May 2022 | CA$52.6b | CA$19.2b | -CA$6,647,400,928.00 | 20.3x | -7.9x | 2.7x |
| Mon, 04 Apr 2022 | CA$64.9b | CA$18.6b | -CA$6,341,114,853.00 | 21.5x | -10.2x | 3.5x |
| Wed, 02 Mar 2022 | CA$62.6b | CA$17.6b | -CA$5,886,799,161.00 | 19.3x | -10.6x | 3.6x |
| Fri, 28 Jan 2022 | CA$63.7b | CA$17.6b | -CA$6,736,974,248.00 | 19.7x | -9.5x | 3.6x |
| Sun, 26 Dec 2021 | CA$75.7b | CA$17.6b | -CA$6,771,940,500.00 | 20.2x | -11.2x | 4.3x |
| Tue, 23 Nov 2021 | CA$88.5b | CA$17.2b | -CA$6,623,290,513.00 | 21.1x | -13.4x | 5.1x |
| Thu, 21 Oct 2021 | CA$89.8b | CA$16.4b | -CA$6,673,526,991.00 | 19.5x | -13.4x | 5.5x |
| Sat, 18 Sep 2021 | CA$93.5b | CA$16.8b | -CA$8,438,280,671.00 | 21.4x | -11.1x | 5.6x |
| Mon, 16 Aug 2021 | CA$91.6b | CA$16.5b | -CA$8,242,368,311.80 | 22.8x | -11.1x | 5.6x |
| Mon, 31 May 2021 | CA$103.1b | CA$14.6b | -CA$9,128,376,776.05 | 23.9x | -11.3x | 7x |
Price to Earnings Ratio
-11.5x
Current Industry PE
- Investors are pessimistic on the Canadian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved 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 losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare sector?
| CA Market | -0.54% | |
| Healthcare | 6.19% | |
| Pharma | 8.82% | |
| Healthtech | 3.86% | |
| Biotech | 3.37% | |
| Healthcare Services | 0.13% | |
| Medical Equipment | -3.15% | |
| Life Sciences | -12.88% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 109% over the next 5 years.
- This is better than its past earnings decline of 34% per year.
- In contrast, the Healthtech industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| CURA Curaleaf Holdings | CA$7.76 | 13.1% +CA$689.5m | 131.0% | PS3.1x | |
| GTII Green Thumb Industries | CA$18.41 | 9.4% +CA$374.6m | 81.6% | PE87.5x | |
| TRUL Trulieve Cannabis | CA$16.51 | 11.2% +CA$266.4m | 141.0% | PS2x | |
| WEED Canopy Growth | CA$15.76 | 28.4% +CA$258.1m | -3.9% | PS3.2x | |
| CRON Cronos Group | CA$3.75 | 10.0% +CA$129.9m | 45.3% | PS11.9x |
