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Canadian (TSX) Healthcare Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies132
- 7D-1.6%
- 3M-11.4%
- 1Y-0.4%
- YTD-0.7%
Over the last 7 days, the Healthcare industry has dropped 1.6%, driven by a pullback from Trulieve Cannabis of 13%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 59% 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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | CA$30.5b | CA$19.9b | -CA$2,937,934,130.10 | 17.1x | -10.4x | 1.5x |
| Fri, 18 Oct 2024 | CA$33.6b | CA$19.4b | -CA$2,972,501,588.73 | 20.7x | -11.3x | 1.7x |
| Sun, 15 Sep 2024 | CA$32.6b | CA$19.3b | -CA$2,982,041,003.58 | 21.4x | -10.9x | 1.7x |
| Tue, 13 Aug 2024 | CA$32.8b | CA$19.2b | -CA$3,220,642,606.86 | 23.3x | -10.2x | 1.7x |
| Thu, 11 Jul 2024 | CA$32.0b | CA$19.1b | -CA$3,649,180,597.31 | 19.5x | -8.8x | 1.7x |
| Sat, 08 Jun 2024 | CA$33.3b | CA$19.4b | -CA$3,301,335,100.22 | 17.7x | -10.1x | 1.7x |
| Mon, 06 May 2024 | CA$36.8b | CA$19.3b | -CA$3,996,138,129.73 | 16.9x | -9.2x | 1.9x |
| Wed, 03 Apr 2024 | CA$32.6b | CA$18.0b | -CA$4,075,278,994.69 | 12.4x | -8x | 1.8x |
| Fri, 01 Mar 2024 | CA$33.6b | CA$19.4b | -CA$5,103,180,127.39 | 15.4x | -6.6x | 1.7x |
| Sun, 28 Jan 2024 | CA$37.7b | CA$20.1b | -CA$7,670,250,299.00 | 11.3x | -4.9x | 1.9x |
| Tue, 26 Dec 2023 | CA$32.2b | CA$19.9b | -CA$7,643,051,814.00 | 13.5x | -4.2x | 1.6x |
| Thu, 23 Nov 2023 | CA$33.0b | CA$20.2b | -CA$7,874,900,043.00 | 15.6x | -4.2x | 1.6x |
| Sat, 21 Oct 2023 | CA$32.0b | CA$20.0b | -CA$8,402,140,233.00 | 17.8x | -3.8x | 1.6x |
| Mon, 18 Sep 2023 | CA$38.8b | CA$20.5b | -CA$8,941,584,799.00 | 17.5x | -4.3x | 1.9x |
| Wed, 16 Aug 2023 | CA$29.4b | CA$20.7b | -CA$9,175,947,654.00 | 18.2x | -3.2x | 1.4x |
| Fri, 14 Jul 2023 | CA$32.1b | CA$20.4b | -CA$10,554,823,033.00 | 21.7x | -3x | 1.6x |
| Sun, 11 Jun 2023 | CA$30.4b | CA$20.6b | -CA$11,518,392,382.00 | 16x | -2.6x | 1.5x |
| Tue, 09 May 2023 | CA$32.7b | CA$20.4b | -CA$11,300,164,670.00 | 16.7x | -2.9x | 1.6x |
| Thu, 06 Apr 2023 | CA$29.5b | CA$21.6b | -CA$11,368,712,251.00 | 15.6x | -2.6x | 1.4x |
| Sat, 04 Mar 2023 | CA$35.2b | CA$21.9b | -CA$11,711,782,179.00 | 20x | -3x | 1.6x |
| Mon, 30 Jan 2023 | CA$35.0b | CA$21.7b | -CA$11,500,893,614.00 | 19.8x | -3x | 1.6x |
| Wed, 28 Dec 2022 | CA$34.3b | CA$22.0b | -CA$11,572,370,046.00 | 19.2x | -3x | 1.6x |
| Fri, 25 Nov 2022 | CA$44.7b | CA$21.7b | -CA$11,749,539,600.00 | 21.5x | -3.8x | 2.1x |
| Sun, 23 Oct 2022 | CA$42.3b | CA$21.5b | -CA$10,902,086,794.00 | 21.5x | -3.9x | 2x |
| Tue, 20 Sep 2022 | CA$44.0b | CA$21.1b | -CA$10,306,320,848.00 | 23.3x | -4.3x | 2.1x |
| Thu, 18 Aug 2022 | CA$47.4b | CA$20.7b | -CA$10,314,193,713.00 | 22.9x | -4.6x | 2.3x |
| Sat, 16 Jul 2022 | CA$43.5b | CA$19.8b | -CA$7,331,361,628.00 | 20.5x | -5.9x | 2.2x |
| Mon, 13 Jun 2022 | CA$47.4b | CA$19.9b | -CA$7,151,914,247.00 | 18.7x | -6.6x | 2.4x |
| Wed, 11 May 2022 | CA$49.7b | CA$19.2b | -CA$6,360,079,999.00 | 19.7x | -7.8x | 2.6x |
| Fri, 08 Apr 2022 | CA$62.6b | CA$18.7b | -CA$6,330,182,608.00 | 21.4x | -9.9x | 3.4x |
| Sun, 06 Mar 2022 | CA$59.3b | CA$17.4b | -CA$6,121,680,410.00 | 20.3x | -9.7x | 3.4x |
| Tue, 01 Feb 2022 | CA$65.8b | CA$17.6b | -CA$6,759,399,109.00 | 20x | -9.7x | 3.7x |
| Thu, 30 Dec 2021 | CA$73.3b | CA$17.6b | -CA$6,771,402,123.00 | 20x | -10.8x | 4.2x |
| Sat, 27 Nov 2021 | CA$90.0b | CA$17.4b | -CA$6,628,052,156.00 | 20.3x | -13.6x | 5.2x |
Price to Earnings Ratio
-13.6x
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 2.1x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Revenues for these companies have grown 4.5% 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 | 0.41% | |
| Healthcare | -1.56% | |
| Medical Equipment | 6.71% | |
| Healthcare Services | -0.51% | |
| Pharma | -2.36% | |
| Healthtech | -2.66% | |
| Life Sciences | -2.80% | |
| Biotech | -6.80% | |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 64.2%, which is lower than the prior year's growth of 261.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 102% over the next 5 years.
- In contrast, the Biotech industry is expected to see its earnings grow by 33% 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 | |
|---|---|---|---|---|---|
| CSH.UN Chartwell Retirement Residences | CA$16.14 | 2.3% +CA$105.2m | 48.2% | PE719x | |
| CPH Cipher Pharmaceuticals | CA$14.65 | 15.3% +CA$49.6m | 138.2% | PE16.9x | |
| ZEN Zentek | CA$1.71 | 28.6% +CA$39.5m | 11.8% | PS4521.6x | |
| EPRX Eupraxia Pharmaceuticals | CA$4.60 | 17.9% +CA$24.9m | -21.2% | PB12.3x | |
| VMD Viemed Healthcare | CA$10.45 | 4.6% +CA$17.7m | 3.9% | PE33x |