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Canadian (TSX) Healthcare Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies166
  • 7D8.7%
  • 3M27.8%
  • 1Y27.9%
  • YTD29.1%

The Healthcare industry has gained 2.5% in the last week and Canopy Growth up 111%. Meanwhile, WELL Health Technologies actually underperformed within the industry, shrinking 13% in the last week. In the last 12 months, the industry was up 22%. Earnings are forecast to grow by 68% annually.

Sector Valuation and Performance

Has the Canadian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024CA$37.7bCA$19.4b-CA$4,082,782,524.0513.9x-9.2x1.9x
Sat, 24 Feb 2024CA$35.0bCA$19.3b-CA$5,201,840,824.9116.5x-6.7x1.8x
Mon, 22 Jan 2024CA$36.2bCA$20.1b-CA$7,672,645,810.0012.5x-4.7x1.8x
Wed, 20 Dec 2023CA$31.9bCA$20.0b-CA$7,663,993,139.0011.7x-4.2x1.6x
Fri, 17 Nov 2023CA$32.4bCA$20.1b-CA$7,905,264,863.0016.6x-4.1x1.6x
Sun, 15 Oct 2023CA$33.2bCA$20.0b-CA$8,394,577,114.0017.7x-4x1.7x
Tue, 12 Sep 2023CA$39.0bCA$20.6b-CA$8,943,519,548.0017.9x-4.4x1.9x
Thu, 10 Aug 2023CA$30.1bCA$20.8b-CA$10,860,346,674.0019.9x-2.8x1.4x
Sat, 08 Jul 2023CA$32.1bCA$20.6b-CA$10,600,990,177.0021.6x-3x1.6x
Mon, 05 Jun 2023CA$30.4bCA$20.7b-CA$11,557,736,803.0017.3x-2.6x1.5x
Wed, 03 May 2023CA$31.7bCA$21.7b-CA$11,713,683,623.0016.4x-2.7x1.5x
Fri, 31 Mar 2023CA$31.1bCA$21.9b-CA$11,606,544,008.0015.6x-2.7x1.4x
Sun, 26 Feb 2023CA$34.8bCA$22.0b-CA$11,690,793,034.0019.5x-3x1.6x
Tue, 24 Jan 2023CA$35.8bCA$21.8b-CA$11,511,502,877.0019.8x-3.1x1.6x
Thu, 22 Dec 2022CA$33.8bCA$22.0b-CA$11,597,495,188.0019.5x-2.9x1.5x
Sat, 19 Nov 2022CA$43.9bCA$21.7b-CA$11,732,641,335.0020.9x-3.7x2x
Mon, 17 Oct 2022CA$40.8bCA$21.6b-CA$10,931,744,644.0021.4x-3.7x1.9x
Wed, 14 Sep 2022CA$46.6bCA$20.7b-CA$10,285,685,198.0023.5x-4.5x2.2x
Fri, 12 Aug 2022CA$46.3bCA$20.0b-CA$9,631,247,299.0022.7x-4.8x2.3x
Sun, 10 Jul 2022CA$43.4bCA$19.8b-CA$7,255,413,674.0019.6x-6x2.2x
Tue, 07 Jun 2022CA$48.8bCA$19.7b-CA$7,071,588,512.0019.4x-6.9x2.5x
Thu, 05 May 2022CA$53.4bCA$19.0b-CA$6,650,751,203.0020.9x-8x2.8x
Sat, 02 Apr 2022CA$64.8bCA$18.4b-CA$6,362,345,801.0021.7x-10.2x3.5x
Mon, 28 Feb 2022CA$63.9bCA$17.6b-CA$5,894,543,814.0019.6x-10.8x3.6x
Wed, 26 Jan 2022CA$65.5bCA$17.5b-CA$6,724,814,829.0019.7x-9.7x3.7x
Fri, 24 Dec 2021CA$74.9bCA$17.6b-CA$6,763,908,768.0019.8x-11.1x4.3x
Sun, 21 Nov 2021CA$89.2bCA$17.2b-CA$6,631,998,188.0020.2x-13.5x5.2x
Tue, 19 Oct 2021CA$88.0bCA$16.5b-CA$6,675,469,850.0019.2x-13.2x5.3x
Thu, 16 Sep 2021CA$92.5bCA$16.5b-CA$8,350,301,571.8021.4x-11.1x5.6x
Sat, 14 Aug 2021CA$94.0bCA$16.5b-CA$8,242,368,311.8022.8x-11.4x5.7x
Wed, 09 Jun 2021CA$103.1bCA$14.6b-CA$9,128,376,776.0523.9x-11.3x7x
Price to Earnings Ratio

-12x


Total Market Cap: CA$108.5bTotal Earnings: -CA$9,019,397,133.43Total Revenue: CA$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthcare Sector Price to Earnings3Y Average -6.9x202220232024
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 3.1x is higher than the industry's current PS ratio of 1.8x.
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 Market0.43%
Healthcare8.66%
Pharma14.39%
Life Sciences11.23%
Biotech1.38%
Healthcare Services-2.09%
Healthtech-2.38%
Medical Equipment-2.79%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 122% over the next 5 years.
    • In contrast, the Healthtech industry is expected to see its earnings grow by 16% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    WEED Canopy GrowthCA$12.95111.3%
    +CA$621.4m
    -46.9%PS3.3x
    GTII Green Thumb IndustriesCA$20.1113.7%
    +CA$579.4m
    85.0%PE97.3x
    CURA Curaleaf HoldingsCA$7.4311.7%
    +CA$577.0m
    85.3%PS3x
    VRNO Verano HoldingsCA$8.4921.3%
    +CA$512.7m
    122.8%PS2.3x
    TRUL Trulieve CannabisCA$16.418.7%
    +CA$251.1m
    110.7%PS2x
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    Latest News

    VRNO

    CA$8.49

    Verano Holdings

    7D

    21.3%

    1Y

    122.8%

    CRON

    CA$3.66

    Cronos Group

    7D

    14.4%

    1Y

    39.2%

    VHI

    CA$6.16

    Vitalhub

    7D

    -8.1%

    1Y

    131.6%

    DNTL

    CA$6.76

    dentalcorp Holdings

    7D

    -1.7%

    1Y

    -25.4%

    CL

    CA$3.05

    Cresco Labs

    7D

    9.3%

    1Y

    44.5%

    WELL

    CA$3.71

    WELL Health Technologies

    7D

    -12.5%

    1Y

    -21.9%

    NGEN

    CA$2.18

    NervGen Pharma

    7D

    -14.5%

    1Y

    42.5%

    EXE

    CA$7.70

    Extendicare

    7D

    -2.3%

    1Y

    21.8%

    AND

    CA$43.38

    Andlauer Healthcare Group

    7D

    -1.1%

    1Y

    -11.8%

    CURA

    CA$7.43

    Curaleaf Holdings

    7D

    11.7%

    1Y

    85.3%

    TRUL

    CA$16.41

    Trulieve Cannabis

    7D

    8.7%

    1Y

    110.7%

    TSND

    CA$2.66

    TerrAscend

    7D

    16.7%

    1Y

    29.1%

    KDA

    CA$0.40

    KDA Group

    7D

    -20.0%

    1Y

    433.3%

    WEED

    CA$12.95

    Canopy Growth

    7D

    111.3%

    1Y

    -46.9%

    GTII

    CA$20.11

    Green Thumb Industries

    7D

    13.7%

    1Y

    85.0%

    ZEN

    CA$1.60

    Zentek

    7D

    -8.6%

    1Y

    -20.4%