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Canadian (TSX) Healthcare Sector Analysis

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies139
  • 7D0.2%
  • 3M0.7%
  • 1Y5.1%
  • YTD8.5%

Over the last 7 days, the Healthcare industry has dropped 2.2%, driven by a pullback from Chartwell Retirement Residences of 1.9%. Meanwhile, Cipher Pharmaceuticals actually outperformed within the industry, gaining 15% in the last week. In the past year, the industry has gained 5.6%. As for the next few years, earnings are expected to grow by 53% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Oct 2024CA$32.3bCA$19.3b-CA$2,959,515,298.7320x-10.9x1.7x
Fri, 06 Sep 2024CA$31.6bCA$19.2b-CA$2,962,286,017.1221.4x-10.7x1.6x
Sun, 04 Aug 2024CA$32.6bCA$19.3b-CA$3,673,905,593.6320x-8.9x1.7x
Tue, 02 Jul 2024CA$32.6bCA$19.3b-CA$3,796,452,334.5618.8x-8.6x1.7x
Thu, 30 May 2024CA$33.4bCA$19.5b-CA$4,050,221,689.4417.3x-8.3x1.7x
Sat, 27 Apr 2024CA$34.8bCA$19.2b-CA$4,029,196,850.5913.7x-8.6x1.8x
Mon, 25 Mar 2024CA$36.5bCA$19.4b-CA$4,057,765,095.9813.7x-9x1.9x
Wed, 21 Feb 2024CA$33.6bCA$19.3b-CA$5,212,789,064.9615.4x-6.4x1.7x
Fri, 19 Jan 2024CA$35.5bCA$20.1b-CA$7,688,174,013.0012.5x-4.6x1.8x
Sun, 17 Dec 2023CA$32.5bCA$20.0b-CA$7,662,091,774.0010.7x-4.2x1.6x
Tue, 14 Nov 2023CA$32.8bCA$20.2b-CA$7,866,093,862.0017.2x-4.2x1.6x
Thu, 12 Oct 2023CA$33.2bCA$19.9b-CA$8,378,159,244.0017.4x-4x1.7x
Sat, 09 Sep 2023CA$35.8bCA$20.6b-CA$8,961,317,880.0017.9x-4x1.7x
Mon, 07 Aug 2023CA$30.8bCA$20.7b-CA$10,842,305,164.0020.4x-2.8x1.5x
Wed, 05 Jul 2023CA$31.0bCA$20.5b-CA$10,587,332,183.0021.7x-2.9x1.5x
Fri, 02 Jun 2023CA$30.2bCA$20.8b-CA$11,562,371,399.0017.8x-2.6x1.5x
Sun, 30 Apr 2023CA$31.7bCA$21.6b-CA$11,291,873,229.0016x-2.8x1.5x
Tue, 28 Mar 2023CA$31.4bCA$22.0b-CA$11,379,974,424.0016.6x-2.8x1.4x
Thu, 23 Feb 2023CA$35.1bCA$22.0b-CA$11,675,507,844.0020.1x-3x1.6x
Sat, 21 Jan 2023CA$35.4bCA$21.8b-CA$11,513,541,026.0019.7x-3.1x1.6x
Mon, 19 Dec 2022CA$39.7bCA$22.1b-CA$11,628,083,032.0019.7x-3.4x1.8x
Wed, 16 Nov 2022CA$45.0bCA$21.6b-CA$12,057,736,852.0019.6x-3.7x2.1x
Fri, 14 Oct 2022CA$41.4bCA$21.5b-CA$10,916,374,117.0022x-3.8x1.9x
Sun, 11 Sep 2022CA$47.9bCA$20.9b-CA$10,273,320,251.0022.4x-4.7x2.3x
Tue, 09 Aug 2022CA$46.4bCA$19.6b-CA$9,736,077,186.0020.9x-4.8x2.4x
Thu, 07 Jul 2022CA$43.6bCA$19.9b-CA$7,275,946,947.0019.9x-6x2.2x
Sat, 04 Jun 2022CA$48.7bCA$19.7b-CA$7,128,157,344.0019.3x-6.8x2.5x
Mon, 02 May 2022CA$54.0bCA$18.9b-CA$6,710,563,707.0020.5x-8x2.9x
Wed, 30 Mar 2022CA$93.8bCA$18.2b-CA$6,286,603,948.0020.2x-14.9x5.2x
Fri, 25 Feb 2022CA$65.3bCA$17.7b-CA$5,894,122,776.0019.8x-11.1x3.7x
Sun, 23 Jan 2022CA$66.0bCA$17.4b-CA$6,710,881,730.0019.7x-9.8x3.8x
Tue, 21 Dec 2021CA$70.2bCA$17.7b-CA$6,774,426,793.0014.8x-10.4x4x
Thu, 18 Nov 2021CA$94.3bCA$17.1b-CA$6,668,626,533.0021x-14.1x5.5x
Sat, 16 Oct 2021CA$88.0bCA$16.5b-CA$6,670,524,798.0020.3x-13.2x5.3x
Price to Earnings Ratio

-13.2x


Total Market Cap: CA$88.0bTotal Earnings: -CA$6,670,524,798.00Total Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthcare Sector Price to Earnings3Y Average -6.5x202220232024
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 2.2x 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 5.4% 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-0.25%
Healthcare0.24%
Biotech10.02%
Healthtech4.40%
Life Sciences3.20%
Pharma0.59%
Healthcare Services-1.25%
Medical Equipment-2.77%
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 61.1%, which is lower than the prior year's growth of 1,974.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 92% over the next 5 years.
  • In contrast, the Healthtech industry is expected to see its earnings grow by 35% 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
CPH Cipher PharmaceuticalsCA$16.8814.9%
+CA$56.0m
290.7%PE14x
ONC Oncolytics BiotechCA$1.7346.6%
+CA$42.4m
-37.5%PB7.3x
GTII Green Thumb IndustriesCA$14.131.2%
+CA$40.4m
4.1%PE37.3x
VHI VitalhubCA$9.258.8%
+CA$38.2m
214.6%PE99.1x
CURA Curaleaf HoldingsCA$4.041.3%
+CA$37.1m
-33.8%PS1.6x
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CPH

CA$16.88

Cipher Pharmaceuticals

7D

14.9%

1Y

290.7%

VHI

CA$9.25

Vitalhub

7D

8.8%

1Y

214.6%

CURA

CA$4.04

Curaleaf Holdings

7D

1.3%

1Y

-33.8%

VRNO

CA$4.39

Verano Holdings

7D

-2.7%

1Y

-23.7%

EDT

CA$0.56

Spectral Medical

7D

-6.7%

1Y

69.7%

GTII

CA$14.13

Green Thumb Industries

7D

1.2%

1Y

4.1%

SIA

CA$16.22

Sienna Senior Living

7D

-2.8%

1Y

52.6%

WEED

CA$5.58

Canopy Growth

7D

-6.7%

1Y

-44.2%

CRON

CA$2.95

Cronos Group

7D

2.8%

1Y

9.3%

MDNA

CA$2.25

Medicenna Therapeutics

7D

16.6%

1Y

492.1%

TRUL

CA$16.04

Trulieve Cannabis

7D

-0.6%

1Y

134.5%

VMD

CA$10.45

Viemed Healthcare

7D

4.6%

1Y

3.9%

ONC

CA$1.73

Oncolytics Biotech

7D

46.6%

1Y

-37.5%