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Nov 24
Canadian (TSX) Healthcare Sector Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies219
- 7D-0.5%
- 3M3.0%
- 1Y-28.8%
- YTD-9.8%
Over the last 7 days, the Healthcare industry has remained flat, although notably ME Therapeutics Holdings declined by 99%. Unfortunately though, the industry is down 29% over the past 12 months. Earnings are forecast to grow by 61% annually.
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, 30 Nov 2023 | CA$33.3b | CA$20.1b | -CA$7,859,207,180.00 | 15.4x | -4.2x | 1.7x |
| Sat, 28 Oct 2023 | CA$29.3b | CA$20.1b | -CA$8,447,932,806.00 | 17.2x | -3.5x | 1.5x |
| Mon, 25 Sep 2023 | CA$35.4b | CA$20.5b | -CA$8,941,314,525.00 | 17.8x | -4x | 1.7x |
| Wed, 23 Aug 2023 | CA$29.3b | CA$20.6b | -CA$9,115,768,672.00 | 18.9x | -3.2x | 1.4x |
| Fri, 21 Jul 2023 | CA$31.0b | CA$20.5b | -CA$10,780,860,062.00 | 21.2x | -2.9x | 1.5x |
| Sun, 18 Jun 2023 | CA$30.1b | CA$20.5b | -CA$10,505,717,668.00 | 18.5x | -2.9x | 1.5x |
| Tue, 16 May 2023 | CA$30.4b | CA$20.7b | -CA$11,403,268,446.00 | 16.1x | -2.7x | 1.5x |
| Thu, 13 Apr 2023 | CA$48.3b | CA$21.5b | -CA$11,319,735,607.00 | 16.3x | -4.3x | 2.2x |
| Sat, 11 Mar 2023 | CA$33.4b | CA$22.1b | -CA$12,048,153,552.00 | 21.6x | -2.8x | 1.5x |
| Mon, 06 Feb 2023 | CA$36.3b | CA$21.9b | -CA$11,561,849,458.00 | 19.3x | -3.1x | 1.7x |
| Wed, 04 Jan 2023 | CA$34.3b | CA$22.1b | -CA$11,592,644,744.00 | 18.9x | -3x | 1.6x |
| Fri, 02 Dec 2022 | CA$46.5b | CA$21.8b | -CA$11,673,127,320.00 | 20.2x | -4x | 2.1x |
| Sun, 30 Oct 2022 | CA$41.9b | CA$21.3b | -CA$10,834,484,677.00 | 21.1x | -3.9x | 2x |
| Tue, 27 Sep 2022 | CA$39.9b | CA$21.4b | -CA$10,877,964,552.00 | 22.1x | -3.7x | 1.9x |
| Thu, 25 Aug 2022 | CA$48.4b | CA$20.8b | -CA$10,454,884,946.00 | 23.1x | -4.6x | 2.3x |
| Sat, 23 Jul 2022 | CA$46.5b | CA$19.7b | -CA$7,319,052,088.00 | 20.5x | -6.3x | 2.4x |
| Mon, 20 Jun 2022 | CA$43.5b | CA$19.9b | -CA$7,482,319,759.00 | 17.6x | -5.8x | 2.2x |
| Wed, 18 May 2022 | CA$50.0b | CA$19.5b | -CA$7,173,331,095.00 | 18.8x | -7x | 2.6x |
| Fri, 15 Apr 2022 | CA$60.7b | CA$18.5b | -CA$6,386,490,167.00 | 20.7x | -9.5x | 3.3x |
| Sun, 13 Mar 2022 | CA$58.0b | CA$17.6b | -CA$6,045,081,028.00 | 19.1x | -9.6x | 3.3x |
| Tue, 08 Feb 2022 | CA$68.9b | CA$17.6b | -CA$6,734,693,453.00 | 20.1x | -10.2x | 3.9x |
| Thu, 06 Jan 2022 | CA$74.0b | CA$17.5b | -CA$6,763,644,442.00 | 20.1x | -10.9x | 4.2x |
| Sat, 04 Dec 2021 | CA$78.7b | CA$17.5b | -CA$6,573,613,622.00 | 16.8x | -12x | 4.5x |
| Mon, 01 Nov 2021 | CA$85.2b | CA$16.5b | -CA$6,596,212,677.00 | 16.9x | -12.9x | 5.2x |
| Wed, 29 Sep 2021 | CA$95.8b | CA$16.7b | -CA$6,661,209,723.00 | 20.3x | -14.4x | 5.7x |
| Fri, 27 Aug 2021 | CA$92.9b | CA$16.5b | -CA$8,242,368,311.80 | 22.4x | -11.3x | 5.6x |
| Sat, 03 Jul 2021 | CA$105.8b | CA$16.5b | -CA$8,237,704,690.80 | 24.2x | -12.8x | 6.4x |
| Tue, 06 Apr 2021 | CA$108.5b | CA$13.8b | -CA$9,019,397,133.43 | 27.5x | -12x | 7.8x |
| Fri, 08 Jan 2021 | CA$73.5b | CA$11.7b | -CA$9,695,320,740.67 | 30.7x | -7.6x | 6.3x |
Price to Earnings Ratio
-7.1x
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 3.6x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Revenues for these companies have grown 21% 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 | -0.11% | |
| Healthcare | -0.51% | |
| Healthtech | 7.49% | |
| Medical Equipment | 1.21% | |
| Biotech | 0.79% | |
| Healthcare Services | 0.70% | |
| Pharma | -1.76% | |
| Life Sciences | -3.15% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 91% over the next 5 years.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| AND Andlauer Healthcare Group | CA$39.09 | 2.7% +CA$42.5m | -24.8% | PE24.2x | |
| EXE Extendicare | CA$7.02 | 5.6% +CA$30.9m | 3.7% | PE33.2x | |
| KSI kneat.com | CA$3.33 | 12.5% +CA$28.9m | 18.9% | PS8.2x | |
| VHI Vitalhub | CA$4.29 | 15.0% +CA$24.5m | 88.2% | PE57.3x | |
| INNO InnoCan Pharma | CA$0.40 | 29.0% +CA$24.1m | 37.9% | PS12x |
