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Canadian (TSX) Healthcare Sector Analysis
UpdatedApr 16, 2025
DataAggregated Company Financials
Companies131
- 7D4.5%
- 3M-14.5%
- 1Y-33.8%
- YTD-19.7%
Over the last 7 days, the Healthcare industry has risen 1.2%, driven by gains from Chartwell Retirement Residences of 4.7%. During this same period, the ME Therapeutics Holdings underperformed, falling 10.0%. In the past year, the industry is down 35%. As for the next few years, earnings are expected to grow by 46% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 16 Apr 2025 | CA$24.5b | CA$19.7b | -CA$2,835,098,579.59 | 25.2x | -8.7x | 1.2x |
| Fri, 14 Mar 2025 | CA$26.7b | CA$20.1b | -CA$2,908,824,002.05 | 21.6x | -9.2x | 1.3x |
| Sun, 09 Feb 2025 | CA$29.1b | CA$19.8b | -CA$2,493,697,624.31 | 23.9x | -11.7x | 1.5x |
| Tue, 07 Jan 2025 | CA$29.8b | CA$19.8b | -CA$2,726,693,891.56 | 27.3x | -10.9x | 1.5x |
| Thu, 05 Dec 2024 | CA$30.0b | CA$19.7b | -CA$2,884,025,154.67 | 23.6x | -10.4x | 1.5x |
| Sat, 02 Nov 2024 | CA$33.5b | CA$19.6b | -CA$2,991,625,827.23 | 19.9x | -11.2x | 1.7x |
| Mon, 30 Sep 2024 | CA$32.7b | CA$19.2b | -CA$2,959,562,533.11 | 21.6x | -11.1x | 1.7x |
| Wed, 28 Aug 2024 | CA$32.6b | CA$19.1b | -CA$3,003,993,829.23 | 22.1x | -10.8x | 1.7x |
| Fri, 26 Jul 2024 | CA$33.7b | CA$19.3b | -CA$3,681,402,936.57 | 21.1x | -9.2x | 1.8x |
| Sun, 23 Jun 2024 | CA$32.2b | CA$19.3b | -CA$3,775,996,010.00 | 17.4x | -8.5x | 1.7x |
| Tue, 21 May 2024 | CA$37.3b | CA$19.4b | -CA$4,055,463,399.06 | 16.1x | -9.2x | 1.9x |
| Thu, 18 Apr 2024 | CA$36.0b | CA$19.5b | -CA$4,079,629,268.13 | 14.2x | -8.8x | 1.8x |
| Sat, 16 Mar 2024 | CA$31.2b | CA$19.3b | -CA$4,055,002,677.41 | 12.7x | -7.7x | 1.6x |
| Mon, 12 Feb 2024 | CA$34.8b | CA$19.1b | -CA$7,362,480,316.28 | 15.8x | -4.7x | 1.8x |
| Wed, 10 Jan 2024 | CA$34.6b | CA$20.0b | -CA$7,667,118,537.00 | 10.9x | -4.5x | 1.7x |
| Fri, 08 Dec 2023 | CA$34.8b | CA$20.1b | -CA$7,735,001,987.00 | 16.1x | -4.5x | 1.7x |
| Sun, 05 Nov 2023 | CA$31.1b | CA$20.0b | -CA$8,370,106,836.00 | 17.1x | -3.7x | 1.6x |
| Tue, 03 Oct 2023 | CA$35.0b | CA$20.0b | -CA$8,397,506,622.00 | 17.5x | -4.2x | 1.8x |
| Thu, 31 Aug 2023 | CA$31.1b | CA$20.5b | -CA$8,906,713,501.00 | 17.6x | -3.5x | 1.5x |
| Sat, 29 Jul 2023 | CA$30.1b | CA$20.6b | -CA$10,788,216,340.00 | 18.6x | -2.8x | 1.5x |
| Mon, 26 Jun 2023 | CA$30.0b | CA$20.5b | -CA$10,620,150,612.00 | 19.4x | -2.8x | 1.5x |
| Wed, 24 May 2023 | CA$30.8b | CA$20.8b | -CA$11,622,798,834.00 | 14.7x | -2.6x | 1.5x |
| Fri, 21 Apr 2023 | CA$31.1b | CA$21.6b | -CA$11,316,753,038.00 | 16.2x | -2.7x | 1.4x |
| Sun, 19 Mar 2023 | CA$32.2b | CA$22.0b | -CA$11,553,492,250.00 | 19x | -2.8x | 1.5x |
| Tue, 14 Feb 2023 | CA$34.5b | CA$21.8b | -CA$11,628,859,871.00 | 19.7x | -3x | 1.6x |
| Thu, 12 Jan 2023 | CA$34.8b | CA$21.8b | -CA$11,528,356,843.00 | 19.3x | -3x | 1.6x |
| Sat, 10 Dec 2022 | CA$40.8b | CA$22.0b | -CA$11,706,324,766.00 | 20.3x | -3.5x | 1.9x |
| Mon, 07 Nov 2022 | CA$42.5b | CA$21.3b | -CA$10,850,263,206.00 | 21x | -3.9x | 2x |
| Wed, 05 Oct 2022 | CA$40.8b | CA$21.3b | -CA$10,854,778,080.00 | 19.8x | -3.8x | 1.9x |
| Fri, 02 Sep 2022 | CA$48.4b | CA$21.0b | -CA$10,344,029,101.00 | 21.8x | -4.7x | 2.3x |
| Sun, 31 Jul 2022 | CA$44.9b | CA$19.6b | -CA$7,295,839,061.00 | 19.4x | -6.2x | 2.3x |
| Tue, 28 Jun 2022 | CA$47.4b | CA$19.8b | -CA$7,439,298,955.00 | 19.2x | -6.4x | 2.4x |
| Thu, 26 May 2022 | CA$49.2b | CA$19.6b | -CA$7,118,668,446.00 | 19.7x | -6.9x | 2.5x |
| Sat, 23 Apr 2022 | CA$57.5b | CA$18.6b | -CA$6,448,609,379.00 | 19.3x | -8.9x | 3.1x |
Price to Earnings Ratio
-8.9x
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 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare sector?
| CA Market | 6.88% | |
| Healthcare | 4.53% | |
| Healthtech | 8.27% | |
| Medical Equipment | 7.75% | |
| Pharma | 5.20% | |
| Healthcare Services | 3.65% | |
| Biotech | 3.44% | |
| Life Sciences | -6.23% | |
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 54.3%, which is lower than the prior year's growth of 283.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 54% over the next 5 years.
- However this is lower than its past earnings growth rate of 283% per year.
- In contrast, the Biotech industry is expected to see its earnings grow by 2.3% 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 | |
|---|---|---|---|---|---|
| CSH.UN Chartwell Retirement Residences | CA$16.58 | 4.7% +CA$205.2m | 31.7% | PE205.2x | |
| CURA Curaleaf Holdings | CA$1.13 | 9.7% +CA$75.6m | -83.6% | PS0.5x | |
| TH Theratechnologies | CA$3.71 | 67.9% +CA$69.0m | 105.0% | PS1.4x | |
| SIA Sienna Senior Living | CA$16.38 | 3.9% +CA$57.0m | 27.1% | PE39.2x | |
| VHI Vitalhub | CA$10.05 | 11.8% +CA$55.8m | 58.3% | PE176.3x |