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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$28.4b | CA$19.8b | -CA$2,923,961,034.79 | 24.9x | -9.7x | 1.4x |
| Mon, 18 Nov 2024 | CA$30.5b | CA$19.9b | -CA$2,921,405,587.92 | 16.5x | -10.4x | 1.5x |
| Wed, 16 Oct 2024 | CA$33.3b | CA$19.4b | -CA$2,966,826,906.86 | 20.4x | -11.2x | 1.7x |
| Fri, 13 Sep 2024 | CA$32.3b | CA$19.3b | -CA$2,980,429,723.66 | 21.4x | -10.8x | 1.7x |
| Sun, 11 Aug 2024 | CA$32.8b | CA$19.2b | -CA$3,226,509,477.69 | 24.2x | -10.2x | 1.7x |
| Tue, 09 Jul 2024 | CA$32.3b | CA$19.2b | -CA$3,731,466,957.97 | 19.3x | -8.6x | 1.7x |
| Thu, 06 Jun 2024 | CA$33.6b | CA$19.3b | -CA$3,292,048,400.11 | 17.5x | -10.2x | 1.7x |
| Sat, 04 May 2024 | CA$36.9b | CA$19.3b | -CA$4,000,238,376.34 | 15.5x | -9.2x | 1.9x |
| Mon, 01 Apr 2024 | CA$37.1b | CA$19.4b | -CA$4,065,421,434.83 | 13.5x | -9.1x | 1.9x |
| Wed, 28 Feb 2024 | CA$34.4b | CA$19.3b | -CA$5,195,683,449.35 | 14.6x | -6.6x | 1.8x |
| Fri, 26 Jan 2024 | CA$37.1b | CA$20.1b | -CA$7,683,038,983.00 | 11.6x | -4.8x | 1.8x |
| Sun, 24 Dec 2023 | CA$32.2b | CA$19.9b | -CA$7,642,648,643.00 | 13.5x | -4.2x | 1.6x |
| Tue, 21 Nov 2023 | CA$33.0b | CA$20.2b | -CA$7,875,299,298.00 | 15.6x | -4.2x | 1.6x |
| Thu, 19 Oct 2023 | CA$32.5b | CA$20.0b | -CA$8,407,556,800.00 | 17.5x | -3.9x | 1.6x |
| Sat, 16 Sep 2023 | CA$36.9b | CA$20.5b | -CA$8,931,028,117.00 | 17.7x | -4.1x | 1.8x |
| Mon, 14 Aug 2023 | CA$29.8b | CA$20.7b | -CA$9,125,538,787.00 | 17.9x | -3.3x | 1.4x |
| Wed, 12 Jul 2023 | CA$31.9b | CA$20.5b | -CA$10,589,115,296.00 | 21.6x | -3x | 1.6x |
| Fri, 09 Jun 2023 | CA$30.5b | CA$20.7b | -CA$11,521,635,344.00 | 15.8x | -2.6x | 1.5x |
| Sun, 07 May 2023 | CA$32.6b | CA$20.4b | -CA$11,305,956,662.00 | 16.8x | -2.9x | 1.6x |
| Tue, 04 Apr 2023 | CA$30.3b | CA$21.6b | -CA$11,359,819,692.00 | 15.6x | -2.7x | 1.4x |
| Thu, 02 Mar 2023 | CA$34.3b | CA$22.1b | -CA$11,703,618,664.00 | 19.5x | -2.9x | 1.6x |
| Sat, 28 Jan 2023 | CA$35.2b | CA$21.7b | -CA$11,512,752,720.00 | 19.8x | -3.1x | 1.6x |
| Mon, 26 Dec 2022 | CA$34.3b | CA$22.0b | -CA$11,574,014,108.00 | 19.2x | -3x | 1.6x |
| Wed, 23 Nov 2022 | CA$43.6b | CA$21.7b | -CA$11,734,721,573.00 | 21.2x | -3.7x | 2x |
| Fri, 21 Oct 2022 | CA$42.8b | CA$21.4b | -CA$10,906,906,370.00 | 21.4x | -3.9x | 2x |
| Sun, 18 Sep 2022 | CA$44.5b | CA$21.0b | -CA$10,303,458,492.00 | 24.5x | -4.3x | 2.1x |
| Tue, 16 Aug 2022 | CA$47.3b | CA$20.4b | -CA$9,664,084,563.00 | 21.6x | -4.9x | 2.3x |
| Thu, 14 Jul 2022 | CA$42.8b | CA$19.8b | -CA$7,258,891,171.00 | 20.4x | -5.9x | 2.2x |
| Sat, 11 Jun 2022 | CA$47.5b | CA$19.9b | -CA$7,173,128,447.00 | 18.7x | -6.6x | 2.4x |
| Mon, 09 May 2022 | CA$52.6b | CA$19.2b | -CA$6,652,944,421.00 | 20.3x | -7.9x | 2.7x |
| Wed, 06 Apr 2022 | CA$63.5b | CA$18.5b | -CA$6,338,091,780.00 | 21.7x | -10x | 3.4x |
| Fri, 04 Mar 2022 | CA$60.6b | CA$17.3b | -CA$6,120,922,657.00 | 20.1x | -9.9x | 3.5x |
| Sun, 30 Jan 2022 | CA$63.6b | CA$17.6b | -CA$6,744,038,358.00 | 19.8x | -9.4x | 3.6x |
| Tue, 28 Dec 2021 | CA$75.7b | CA$17.6b | -CA$6,768,953,056.00 | 20.2x | -11.2x | 4.3x |
Price to Earnings Ratio
-11.2x
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VREO Vireo Growth | CA$0.79 | 102.6% +CA$92.1m | 139.4% | PS1.3x | |
| WELL WELL Health Technologies | CA$7.10 | 4.6% +CA$77.2m | 82.5% | PE24.1x | |
| PRN Profound Medical | CA$10.33 | -2.2% CA$49.8m | -14.0% | PS24x | |
| VRNO Verano Holdings | CA$1.89 | 6.8% +CA$43.0m | -63.5% | PS0.5x | |
| AND Andlauer Healthcare Group | CA$43.25 | 1.5% +CA$25.5m | 9.5% | PE25.9x |
