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Canadian (TSX) Healthcare Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies269
  • 7D-0.5%
  • 3M-16.1%
  • 1Y-24.5%
  • YTD-29.3%

Over the last 7 days, the Healthcare industry has remained flat, although notably Green Thumb Industries gained 6.1%. As for the longer term, the industry has declined 25% in the last year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$89.1bCA$17.4b-CA$6,624,083,883.0020.3x
Thu, 28 Oct 2021CA$84.4bCA$16.4b-CA$6,683,989,663.0017.2x
Sat, 25 Sep 2021CA$94.9bCA$16.7b-CA$8,430,758,747.0021.1x
Mon, 23 Aug 2021CA$91.0bCA$16.5b-CA$8,242,368,311.8023.1x
Sat, 10 Jul 2021CA$105.8bCA$16.5b-CA$8,237,704,690.8024.2x
Fri, 02 Apr 2021CA$108.5bCA$13.8b-CA$9,019,397,133.4327.5x
Mon, 04 Jan 2021CA$73.5bCA$11.7b-CA$9,695,320,740.6730.7x
Thu, 08 Oct 2020CA$50.2bCA$11.2b-CA$10,819,866,331.3528x
Wed, 01 Jul 2020CA$45.9bCA$10.3b-CA$9,438,609,745.0032.7x
Sat, 04 Apr 2020CA$36.7bCA$10.0b-CA$6,973,288,746.5916.6x
Tue, 07 Jan 2020CA$50.6bCA$8.8b-CA$5,030,853,647.3225x
Mon, 30 Sep 2019CA$56.5bCA$7.8b-CA$3,286,179,519.9617x
Thu, 04 Jul 2019CA$81.3bCA$6.8b-CA$3,919,268,306.0527.4x
Sun, 07 Apr 2019CA$93.9bCA$6.1b-CA$3,772,450,254.9529.3x
Wed, 09 Jan 2019CA$56.3bCA$5.4b-CA$3,036,802,938.8217.8x
PE Ratio

21x

Total Market Cap: CA$59.9bTotal Earnings: -CA$1,588,253,839.29Total Revenue: CA$4.9b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 20.1x which is lower than its 3-year average PE of 25.6x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the Healthcare industry have deteriorated over the last three years, while revenues for these companies have grown 53% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare sector?

Life Sciences2.86%
Pharma0.21%
Biotech-1.45%
Healthcare Services-2.63%
Medical Equipment-3.49%
Healthtech-3.87%

Industry PE: Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 129x. However analysts are expecting annual earnings growth of 70%, which is lower than the prior year's growth of 172% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Biotech industry, which is trading below its 3-year average of 112x.

Forecasted Growth: Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 72% over the next 5 years. This is better than its past earnings decline of 13% per year. Meanwhile, the Life Sciences industry is expected to see its earnings grow by 2.2% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
GTII Green Thumb Industries6.1%+CA$371.9m0.8%PE66.6x
AND Andlauer Healthcare Group9.9%+CA$179.4m20.4%PE39.3x
TER TerrAscend13.6%+CA$174.8m-38.7%PS6.3x
CURA Curaleaf Holdings1.6%+CA$134.0m-12.3%PS6.1x
CL Cresco Labs3.6%+CA$126.7m-18.2%PS5x
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TER

CA$7.85

TerrAscend

7D

13.6%

1Y

-38.7%