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Canadian (TSX) Healthcare Sector Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies165
  • 7D13.7%
  • 3M25.4%
  • 1Y18.5%
  • YTD20.3%

In the last week, the Healthcare industry is up 8.0%, with Curaleaf Holdings up 34%. During this same period, the NervGen Pharma underperformed, falling 19%. In the last 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 65% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$35.0bCA$19.3b-CA$4,044,820,408.9712.5x-8.7x1.8x
Thu, 15 Feb 2024CA$32.7bCA$19.3b-CA$5,222,659,322.7315.9x-6.3x1.7x
Sat, 13 Jan 2024CA$35.6bCA$20.0b-CA$7,668,808,091.0010.4x-4.6x1.8x
Mon, 11 Dec 2023CA$34.5bCA$20.1b-CA$7,730,756,708.0015x-4.5x1.7x
Wed, 08 Nov 2023CA$31.1bCA$20.1b-CA$8,395,318,458.0017x-3.7x1.5x
Fri, 06 Oct 2023CA$33.3bCA$20.0b-CA$8,401,966,165.0016.9x-4x1.7x
Sun, 03 Sep 2023CA$33.6bCA$20.6b-CA$8,923,751,023.0018x-3.8x1.6x
Tue, 01 Aug 2023CA$31.3bCA$20.5b-CA$10,774,317,366.0018.6x-2.9x1.5x
Thu, 29 Jun 2023CA$30.1bCA$20.6b-CA$10,638,751,498.0020x-2.8x1.5x
Sat, 27 May 2023CA$30.2bCA$20.9b-CA$11,653,592,918.0014x-2.6x1.4x
Mon, 24 Apr 2023CA$31.3bCA$21.6b-CA$11,333,429,294.0016.3x-2.8x1.4x
Wed, 22 Mar 2023CA$32.2bCA$22.1b-CA$11,539,216,007.0016.3x-2.8x1.5x
Fri, 17 Feb 2023CA$36.0bCA$21.9b-CA$11,653,636,637.0019.6x-3.1x1.6x
Sun, 15 Jan 2023CA$35.6bCA$21.8b-CA$11,516,402,792.0019.4x-3.1x1.6x
Tue, 13 Dec 2022CA$39.9bCA$22.0b-CA$11,706,629,685.0020.3x-3.4x1.8x
Thu, 10 Nov 2022CA$42.9bCA$21.3b-CA$10,998,545,395.0021.8x-3.9x2x
Sat, 08 Oct 2022CA$44.8bCA$21.4b-CA$10,879,847,864.0021.5x-4.1x2.1x
Mon, 05 Sep 2022CA$48.7bCA$21.0b-CA$10,283,526,820.0022.5x-4.7x2.3x
Wed, 03 Aug 2022CA$45.3bCA$19.7b-CA$7,303,743,823.0018.7x-6.2x2.3x
Fri, 01 Jul 2022CA$41.2bCA$19.8b-CA$7,434,162,133.0019.3x-5.5x2.1x
Sun, 29 May 2022CA$48.8bCA$19.7b-CA$7,136,828,616.0021.2x-6.8x2.5x
Tue, 26 Apr 2022CA$56.9bCA$18.7b-CA$6,456,658,994.0020.1x-8.8x3x
Thu, 24 Mar 2022CA$62.7bCA$18.3b-CA$6,154,233,309.0019.6x-10.2x3.4x
Sat, 19 Feb 2022CA$69.4bCA$17.6b-CA$5,582,729,761.0019.9x-12.4x3.9x
Mon, 17 Jan 2022CA$72.5bCA$17.4b-CA$6,713,012,780.0020.3x-10.8x4.2x
Wed, 15 Dec 2021CA$75.4bCA$17.6b-CA$6,687,386,132.0017.5x-11.3x4.3x
Fri, 12 Nov 2021CA$87.0bCA$16.4b-CA$6,301,463,386.0018.9x-13.8x5.3x
Sun, 10 Oct 2021CA$90.8bCA$16.5b-CA$6,665,326,477.0020.5x-13.6x5.5x
Tue, 07 Sep 2021CA$95.9bCA$16.5b-CA$8,349,838,743.8022.9x-11.5x5.8x
Thu, 05 Aug 2021CA$97.4bCA$16.5b-CA$8,244,162,404.8024.7x-11.8x5.9x
Sun, 09 May 2021CA$104.3bCA$13.9b-CA$9,071,567,345.2426.4x-11.5x7.5x
Price to Earnings Ratio

-12x


Total Market Cap: CA$108.5bTotal Earnings: -CA$9,019,397,133.43Total Revenue: CA$13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthcare Sector Price to Earnings3Y Average -6.9x202220232024
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 3.1x 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 12% 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 Market0.24%
Healthcare13.73%
Pharma22.08%
Healthtech7.31%
Healthcare Services0.51%
Biotech-0.044%
Medical Equipment-0.31%
Life Sciences-12.58%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 118% over the next 5 years.
    • In contrast, the Healthtech industry is expected to see its earnings grow by 18% 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
    CURA Curaleaf HoldingsCA$6.9834.0%
    +CA$1.3b
    56.9%PS2.8x
    TRUL Trulieve CannabisCA$16.1729.8%
    +CA$691.1m
    98.2%PS2x
    GTII Green Thumb IndustriesCA$18.0515.9%
    +CA$589.3m
    63.2%PE87.6x
    VRNO Verano HoldingsCA$7.4527.6%
    +CA$554.0m
    84.4%PS2x
    CL Cresco LabsCA$2.8640.2%
    +CA$284.7m
    23.8%PS1x
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    Latest News

    IAN

    CA$0.02

    iAnthus Capital Holdings

    7D

    -20.0%

    1Y

    0%

    TSND

    CA$2.39

    TerrAscend

    7D

    12.7%

    1Y

    23.2%

    KDA

    CA$0.58

    KDA Group

    7D

    -6.5%

    1Y

    544.4%

    NGEN

    CA$2.44

    NervGen Pharma

    7D

    -18.7%

    1Y

    49.7%

    EDT

    CA$0.42

    Spectral Medical

    7D

    -16.0%

    1Y

    25.4%

    SONA

    CA$0.44

    Sona Nanotech

    7D

    -17.0%

    1Y

    158.8%

    DNTL

    CA$6.60

    dentalcorp Holdings

    7D

    -1.3%

    1Y

    -16.3%

    CRON

    CA$3.04

    Cronos Group

    7D

    14.7%

    1Y

    18.3%

    WEED

    CA$5.03

    Canopy Growth

    7D

    23.6%

    1Y

    -80.0%

    TRUL

    CA$16.17

    Trulieve Cannabis

    7D

    29.8%

    1Y

    98.2%

    VRNO

    CA$7.45

    Verano Holdings

    7D

    27.6%

    1Y

    84.4%

    GTII

    CA$18.05

    Green Thumb Industries

    7D

    15.9%

    1Y

    63.2%

    DTC

    CA$1.72

    Defence Therapeutics

    7D

    -9.5%

    1Y

    -54.6%