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Canadian (TSX) Healthcare Sector Analysis

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies133
  • 7D-2.0%
  • 3M-15.0%
  • 1Y-0.7%
  • YTD-7.2%

Over the last 7 days, the Healthcare industry has dropped 2.0%, driven by Chartwell Retirement Residences declining 2.9%. On the other hand Trulieve Cannabis is actually up 7.7%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 61% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$28.4bCA$19.8b-CA$2,923,961,034.7924.9x-9.7x1.4x
Mon, 18 Nov 2024CA$30.5bCA$19.9b-CA$2,921,405,587.9216.5x-10.4x1.5x
Wed, 16 Oct 2024CA$33.3bCA$19.4b-CA$2,966,826,906.8620.4x-11.2x1.7x
Fri, 13 Sep 2024CA$32.3bCA$19.3b-CA$2,980,429,723.6621.4x-10.8x1.7x
Sun, 11 Aug 2024CA$32.8bCA$19.2b-CA$3,226,509,477.6924.2x-10.2x1.7x
Tue, 09 Jul 2024CA$32.3bCA$19.2b-CA$3,731,466,957.9719.3x-8.6x1.7x
Thu, 06 Jun 2024CA$33.6bCA$19.3b-CA$3,292,048,400.1117.5x-10.2x1.7x
Sat, 04 May 2024CA$36.9bCA$19.3b-CA$4,000,238,376.3415.5x-9.2x1.9x
Mon, 01 Apr 2024CA$37.1bCA$19.4b-CA$4,065,421,434.8313.5x-9.1x1.9x
Wed, 28 Feb 2024CA$34.4bCA$19.3b-CA$5,195,683,449.3514.6x-6.6x1.8x
Fri, 26 Jan 2024CA$37.1bCA$20.1b-CA$7,683,038,983.0011.6x-4.8x1.8x
Sun, 24 Dec 2023CA$32.2bCA$19.9b-CA$7,642,648,643.0013.5x-4.2x1.6x
Tue, 21 Nov 2023CA$33.0bCA$20.2b-CA$7,875,299,298.0015.6x-4.2x1.6x
Thu, 19 Oct 2023CA$32.5bCA$20.0b-CA$8,407,556,800.0017.5x-3.9x1.6x
Sat, 16 Sep 2023CA$36.9bCA$20.5b-CA$8,931,028,117.0017.7x-4.1x1.8x
Mon, 14 Aug 2023CA$29.8bCA$20.7b-CA$9,125,538,787.0017.9x-3.3x1.4x
Wed, 12 Jul 2023CA$31.9bCA$20.5b-CA$10,589,115,296.0021.6x-3x1.6x
Fri, 09 Jun 2023CA$30.5bCA$20.7b-CA$11,521,635,344.0015.8x-2.6x1.5x
Sun, 07 May 2023CA$32.6bCA$20.4b-CA$11,305,956,662.0016.8x-2.9x1.6x
Tue, 04 Apr 2023CA$30.3bCA$21.6b-CA$11,359,819,692.0015.6x-2.7x1.4x
Thu, 02 Mar 2023CA$34.3bCA$22.1b-CA$11,703,618,664.0019.5x-2.9x1.6x
Sat, 28 Jan 2023CA$35.2bCA$21.7b-CA$11,512,752,720.0019.8x-3.1x1.6x
Mon, 26 Dec 2022CA$34.3bCA$22.0b-CA$11,574,014,108.0019.2x-3x1.6x
Wed, 23 Nov 2022CA$43.6bCA$21.7b-CA$11,734,721,573.0021.2x-3.7x2x
Fri, 21 Oct 2022CA$42.8bCA$21.4b-CA$10,906,906,370.0021.4x-3.9x2x
Sun, 18 Sep 2022CA$44.5bCA$21.0b-CA$10,303,458,492.0024.5x-4.3x2.1x
Tue, 16 Aug 2022CA$47.3bCA$20.4b-CA$9,664,084,563.0021.6x-4.9x2.3x
Thu, 14 Jul 2022CA$42.8bCA$19.8b-CA$7,258,891,171.0020.4x-5.9x2.2x
Sat, 11 Jun 2022CA$47.5bCA$19.9b-CA$7,173,128,447.0018.7x-6.6x2.4x
Mon, 09 May 2022CA$52.6bCA$19.2b-CA$6,652,944,421.0020.3x-7.9x2.7x
Wed, 06 Apr 2022CA$63.5bCA$18.5b-CA$6,338,091,780.0021.7x-10x3.4x
Fri, 04 Mar 2022CA$60.6bCA$17.3b-CA$6,120,922,657.0020.1x-9.9x3.5x
Sun, 30 Jan 2022CA$63.6bCA$17.6b-CA$6,744,038,358.0019.8x-9.4x3.6x
Tue, 28 Dec 2021CA$75.7bCA$17.6b-CA$6,768,953,056.0020.2x-11.2x4.3x
Price to Earnings Ratio

-11.2x


Total Market Cap: CA$75.7bTotal Earnings: -CA$6,768,953,056.00Total Revenue: CA$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthcare Sector Price to Earnings3Y Average -6.4x202220232024
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 2.0x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have improved over the last three years.
  • Revenues for these companies have grown 3.9% 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-3.68%
Healthcare-2.01%
Life Sciences-0.81%
Pharma-1.24%
Biotech-1.80%
Healthcare Services-2.04%
Healthtech-5.05%
Medical Equipment-10.22%
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 57.4%, which is lower than the prior year's growth of 261.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 3.7% per year.
  • In contrast, the Biotech industry is expected to see its earnings grow by 34% 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
VREO Vireo GrowthCA$0.79102.6%
+CA$92.1m
139.4%PS1.3x
WELL WELL Health TechnologiesCA$7.104.6%
+CA$77.2m
82.5%PE24.1x
PRN Profound MedicalCA$10.33-2.2%
CA$49.8m
-14.0%PS24x
VRNO Verano HoldingsCA$1.896.8%
+CA$43.0m
-63.5%PS0.5x
AND Andlauer Healthcare GroupCA$43.251.5%
+CA$25.5m
9.5%PE25.9x
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Latest News

ZEN

CA$1.24

Zentek

7D

-22.0%

1Y

-14.5%

AND

CA$43.25

Andlauer Healthcare Group

7D

1.5%

1Y

9.5%

VREO

CA$0.79

Vireo Growth

7D

102.6%

1Y

139.4%

QIPT

CA$3.57

Quipt Home Medical

7D

-16.8%

1Y

-47.3%

AIDX

CA$2.00

Healwell AI

7D

-13.8%

1Y

177.8%

VHI

CA$11.00

Vitalhub

7D

-8.7%

1Y

161.3%

CRON

CA$2.79

Cronos Group

7D

2.2%

1Y

4.9%

EXE

CA$10.31

Extendicare

7D

2.5%

1Y

42.2%

WELL

CA$7.10

WELL Health Technologies

7D

4.6%

1Y

82.5%

PRN

CA$10.33

Profound Medical

7D

-2.2%

1Y

-14.0%

TRUL

CA$6.95

Trulieve Cannabis

7D

1.8%

1Y

3.7%

DNTL

CA$8.26

dentalcorp Holdings

7D

-2.7%

1Y

17.5%

WEED

CA$4.04

Canopy Growth

7D

-8.6%

1Y

-40.7%

VRNO

CA$1.89

Verano Holdings

7D

6.8%

1Y

-63.5%