Revenue Downgrade: Here's What Analysts Forecast For Planet 13 Holdings Inc. (CSE:PLTH)
Market forces rained on the parade of Planet 13 Holdings Inc. ( CSE:PLTH ) shareholders today, when the analysts...
Has the Canadian Healthcare Sector valuation changed over the past few years?
|Tue, 30 Nov 2021||CA$89.1b||CA$17.4b||-CA$6,624,083,883.00||20.3x|
|Thu, 28 Oct 2021||CA$84.4b||CA$16.4b||-CA$6,683,989,663.00||17.2x|
|Sat, 25 Sep 2021||CA$94.9b||CA$16.7b||-CA$8,430,758,747.00||21.1x|
|Mon, 23 Aug 2021||CA$91.0b||CA$16.5b||-CA$8,242,368,311.80||23.1x|
|Sat, 10 Jul 2021||CA$105.8b||CA$16.5b||-CA$8,237,704,690.80||24.2x|
|Fri, 02 Apr 2021||CA$108.5b||CA$13.8b||-CA$9,019,397,133.43||27.5x|
|Mon, 04 Jan 2021||CA$73.5b||CA$11.7b||-CA$9,695,320,740.67||30.7x|
|Thu, 08 Oct 2020||CA$50.2b||CA$11.2b||-CA$10,819,866,331.35||28x|
|Wed, 01 Jul 2020||CA$45.9b||CA$10.3b||-CA$9,438,609,745.00||32.7x|
|Sat, 04 Apr 2020||CA$36.7b||CA$10.0b||-CA$6,973,288,746.59||16.6x|
|Tue, 07 Jan 2020||CA$50.6b||CA$8.8b||-CA$5,030,853,647.32||25x|
|Mon, 30 Sep 2019||CA$56.5b||CA$7.8b||-CA$3,286,179,519.96||17x|
|Thu, 04 Jul 2019||CA$81.3b||CA$6.8b||-CA$3,919,268,306.05||27.4x|
|Sun, 07 Apr 2019||CA$93.9b||CA$6.1b||-CA$3,772,450,254.95||29.3x|
|Wed, 09 Jan 2019||CA$56.3b||CA$5.4b||-CA$3,036,802,938.82||17.8x|
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.
Which industries have driven the changes within the Canadian Healthcare sector?
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.
Which companies have driven the market over the last 7 days?
Sienna Senior Living
Planet 13 Holdings
Chartwell Retirement Residences
Green Thumb Industries
Andlauer Healthcare Group