Canadian (TSX) Medical Equipment Industry Analysis
UpdatedApr 30, 2024
DataAggregated Company Financials
Companies13
- 7D0.6%
- 3M-5.1%
- 1Y-30.3%
- YTDn/a
Over the last 7 days, the Medical Equipment industry has risen 3.1%, driven by gains from Profound Medical of 5.8%. During this same period, the Evome Medical Technologies underperformed, falling 20%. In the past year, the industry is down 29%. Earnings are forecast to grow by 67% annually.
Industry Valuation and Performance
Has the Canadian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Apr 2024 | CA$669.7m | CA$239.0m | -CA$95,468,564.56 | 0.7x | -7x | 2.8x |
| Thu, 28 Mar 2024 | CA$669.5m | CA$233.5m | -CA$97,022,681.47 | n/a | -6.9x | 2.9x |
| Sat, 24 Feb 2024 | CA$699.5m | CA$228.5m | -CA$102,654,461.61 | n/a | -6.8x | 3.1x |
| Mon, 22 Jan 2024 | CA$1.2b | CA$281.4m | -CA$180,696,375.00 | n/a | -6.4x | 4.1x |
| Wed, 20 Dec 2023 | CA$1.1b | CA$280.5m | -CA$179,459,767.00 | n/a | -6.2x | 4x |
| Fri, 17 Nov 2023 | CA$1.2b | CA$282.0m | -CA$181,001,638.00 | n/a | -6.4x | 4.1x |
| Sun, 15 Oct 2023 | CA$1.2b | CA$269.1m | -CA$205,530,231.00 | 237x | -5.8x | 4.4x |
| Tue, 12 Sep 2023 | CA$1.1b | CA$268.4m | -CA$205,200,614.00 | 216.9x | -5.3x | 4x |
| Thu, 10 Aug 2023 | CA$1.1b | CA$237.8m | -CA$233,977,449.00 | 106.9x | -4.8x | 4.7x |
| Sat, 08 Jul 2023 | CA$1.2b | CA$233.6m | -CA$237,159,101.00 | 111.6x | -5x | 5.1x |
| Mon, 05 Jun 2023 | CA$1.2b | CA$234.7m | -CA$249,128,340.00 | 115.1x | -4.8x | 5.1x |
| Wed, 03 May 2023 | CA$1.2b | CA$249.4m | -CA$228,325,532.00 | 92.8x | -5.1x | 4.7x |
| Fri, 31 Mar 2023 | CA$1.1b | CA$234.1m | -CA$212,484,328.00 | 97x | -5.2x | 4.8x |
| Sun, 26 Feb 2023 | CA$1.3b | CA$234.4m | -CA$206,756,415.00 | 95.8x | -6.1x | 5.4x |
| Tue, 24 Jan 2023 | CA$1.4b | CA$232.6m | -CA$209,111,069.00 | 92.6x | -6.9x | 6.2x |
| Thu, 22 Dec 2022 | CA$1.2b | CA$227.5m | -CA$212,793,909.00 | 103.1x | -5.6x | 5.2x |
| Sat, 19 Nov 2022 | CA$1.1b | CA$219.8m | -CA$215,959,358.00 | 85.6x | -5.2x | 5.2x |
| Mon, 17 Oct 2022 | CA$1.1b | CA$228.3m | -CA$216,247,945.00 | 90.2x | -5.2x | 4.9x |
| Wed, 14 Sep 2022 | CA$1.3b | CA$220.3m | -CA$207,990,350.00 | 87.1x | -6x | 5.7x |
| Fri, 12 Aug 2022 | CA$1.4b | CA$234.2m | -CA$213,421,619.00 | 85.8x | -6.7x | 6.1x |
| Sun, 10 Jul 2022 | CA$1.4b | CA$226.6m | -CA$212,345,461.00 | 78.8x | -6.4x | 6x |
| Tue, 07 Jun 2022 | CA$1.4b | CA$223.1m | -CA$210,397,547.00 | 81.7x | -6.9x | 6.5x |
| Thu, 05 May 2022 | CA$1.5b | CA$190.3m | -CA$207,114,276.00 | 78.6x | -7.2x | 7.8x |
| Sat, 02 Apr 2022 | CA$1.7b | CA$173.8m | -CA$181,907,200.00 | 88.8x | -9.4x | 9.8x |
| Mon, 28 Feb 2022 | CA$1.6b | CA$185.6m | -CA$212,929,788.00 | 86.7x | -7.7x | 8.8x |
| Wed, 26 Jan 2022 | CA$1.6b | CA$183.9m | -CA$206,599,036.00 | 88.7x | -7.7x | 8.7x |
| Fri, 24 Dec 2021 | CA$1.9b | CA$180.8m | -CA$203,745,052.00 | 90.2x | -9.2x | 10.4x |
| Sun, 21 Nov 2021 | CA$1.9b | CA$175.3m | -CA$220,771,278.00 | 352x | -8.8x | 11.1x |
| Tue, 19 Oct 2021 | CA$2.0b | CA$170.2m | -CA$210,780,641.00 | 306.4x | -9.4x | 11.7x |
| Thu, 16 Sep 2021 | CA$2.0b | CA$166.0m | -CA$212,779,288.83 | 262.7x | -9.6x | 12.3x |
| Sat, 14 Aug 2021 | CA$2.1b | CA$166.0m | -CA$212,779,288.83 | 267.4x | -9.8x | 12.5x |
| Wed, 09 Jun 2021 | CA$2.0b | CA$154.5m | -CA$193,446,981.35 | 235.4x | -10.3x | 12.9x |
Price to Earnings Ratio
-10.8x
Current Industry PE
- Investors are pessimistic on the Canadian Healthcare Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have improved over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Canadian Medical Equipment compare with similar industries?
| CA Market | 0.72% | |
| Healthcare | 1.83% | |
| Medical Equipment | -1.65% | |
| Medical Equipment | 0.61% | |
| Medical Supplies | -8.86% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MYTC MyndTec | CA$0.50 | 100.0% +CA$6.0m | n/a | n/a | |
| HTL Hamilton Thorne | CA$1.38 | 2.2% +CA$4.6m | -16.9% | PS2.3x | |
| MIR MedMira | CA$0.08 | 6.7% +CA$3.5m | -11.1% | PS137.7x | |
| NSCI Nanalysis Scientific | CA$0.45 | 6.0% +CA$2.8m | -23.3% | PS1.9x | |
| OPS Opsens | CA$2.90 | 0.7% +CA$2.3m | 55.1% | PS6.9x |