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Canadian (TSX) Biotech Industry Analysis

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies30
  • 7D-2.4%
  • 3M1.0%
  • 1Y-24.8%
  • YTDn/a

Over the last 7 days, the Biotech industry has dropped 2.4%, driven by Spectral Medical declining 18%. On the other hand Medicenna Therapeutics is actually up 34%. Overall the industry is down 25% in 12 months. As for the next few years, earnings are expected to grow by 38% per annum.

Industry Valuation and Performance

Has the Canadian Biotech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024CA$1.1bCA$91.6m-CA$320,282,955.5811.1x-3.5x12.3x
Tue, 13 Feb 2024CA$1.1bCA$87.2m-CA$323,509,602.4210.9x-3.4x12.5x
Thu, 11 Jan 2024CA$3.6bCA$86.2m-CA$516,015,775.006.7x-6.9x41.5x
Sat, 09 Dec 2023CA$3.7bCA$86.1m-CA$543,137,378.005.6x-6.9x43.4x
Mon, 06 Nov 2023CA$3.8bCA$88.9m-CA$542,236,688.007.8x-6.9x42.3x
Wed, 04 Oct 2023CA$3.9bCA$89.0m-CA$531,792,324.006x-7.3x43.5x
Fri, 01 Sep 2023CA$4.0bCA$89.9m-CA$512,874,907.005.7x-7.8x44.7x
Sun, 30 Jul 2023CA$4.0bCA$81.7m-CA$517,095,162.0012.5x-7.8x49.1x
Tue, 27 Jun 2023CA$4.0bCA$86.4m-CA$546,569,377.0013.3x-7.3x46.3x
Thu, 25 May 2023CA$3.9bCA$82.9m-CA$610,850,884.0011.2x-6.4x46.8x
Sat, 22 Apr 2023CA$3.7bCA$83.8m-CA$598,401,334.0012.3x-6.2x44.6x
Mon, 20 Mar 2023CA$2.6bCA$90.6m-CA$599,827,868.007.7x-4.3x28.8x
Wed, 15 Feb 2023CA$2.9bCA$89.0m-CA$587,545,451.008.4x-4.9x32.6x
Fri, 13 Jan 2023CA$3.0bCA$87.4m-CA$524,747,479.0011.6x-5.7x34.4x
Sun, 11 Dec 2022CA$3.3bCA$88.6m-CA$579,651,579.007.1x-5.6x36.7x
Tue, 08 Nov 2022CA$3.1bCA$86.1m-CA$568,047,936.0013.8x-5.4x35.6x
Thu, 06 Oct 2022CA$3.3bCA$86.1m-CA$549,437,378.0013.5x-6x38.3x
Sat, 03 Sep 2022CA$3.6bCA$84.6m-CA$536,854,371.0013x-6.7x42.6x
Mon, 01 Aug 2022CA$3.3bCA$87.3m-CA$562,753,765.0011.5x-5.8x37.6x
Wed, 29 Jun 2022CA$3.2bCA$181.3m-CA$607,012,515.0011.4x-5.2x17.5x
Fri, 27 May 2022CA$3.1bCA$180.1m-CA$456,438,515.0012.7x-6.8x17.2x
Sun, 24 Apr 2022CA$3.4bCA$175.8m-CA$489,690,985.0014x-6.9x19.3x
Tue, 22 Mar 2022CA$3.2bCA$170.7m-CA$478,904,435.0013.3x-6.8x19x
Thu, 17 Feb 2022CA$3.5bCA$167.6m-CA$454,254,310.0017.7x-7.8x21.1x
Sat, 15 Jan 2022CA$3.4bCA$166.4m-CA$429,998,987.0019.6x-7.9x20.3x
Mon, 13 Dec 2021CA$5.7bCA$172.1m-CA$493,376,219.005.3x-11.5x32.8x
Wed, 10 Nov 2021CA$6.0bCA$171.1m-CA$426,910,848.007.3x-14.1x35.3x
Fri, 08 Oct 2021CA$8.0bCA$241.1m-CA$609,712,526.008x-13.1x33.1x
Sun, 05 Sep 2021CA$5.2bCA$161.7m-CA$473,092,915.0834.4x-11x32.1x
Tue, 03 Aug 2021CA$3.4bCA$161.7m-CA$474,887,008.0827.8x-7.2x21.2x
Fri, 07 May 2021CA$4.4bCA$154.4m-CA$492,315,138.3116x-8.9x28.3x
Price to Earnings Ratio

-10.2x


Total Market Cap: CA$4.7bTotal Earnings: -CA$464,148,726.31Total Revenue: CA$154.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Biotech Industry Price to Earnings3Y Average -7.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Biotechnology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 32.7x is higher than the industry's current PS ratio of 12.3x.
Past Earnings Growth
  • The earnings for companies in the Biotechnology industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 16% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Comparison

How does Canadian Biotech compare with similar industries?

CA Market0.45%
Healthcare5.20%
Biotech-2.37%
Biotech-2.37%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MDNA Medicenna TherapeuticsCA$1.5634.5%
+CA$27.9m
100.0%PB5.8x
ACOG Alpha CognitionCA$0.9012.5%
+CA$15.0m
130.8%PE-8.2x
SVA SernovaCA$0.607.1%
+CA$12.1m
-36.2%PB14.5x
METX ME Therapeutics HoldingsCA$3.329.9%
+CA$7.1m
n/an/a
AEZS Aeterna ZentarisCA$2.8910.7%
+CA$1.4m
-22.3%PS1.5x
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Latest News

MSCL

CA$0.55

Satellos Bioscience

7D

-14.1%

1Y

42.9%

EDT

CA$0.42

Spectral Medical

7D

-17.6%

1Y

23.5%

EPRX

CA$4.39

Eupraxia Pharmaceuticals

7D

-24.0%

1Y

10.0%

ONC

CA$1.34

Oncolytics Biotech

7D

-5.6%

1Y

-26.0%

TH

CA$1.69

Theratechnologies

7D

1.2%

1Y

-62.9%

METX

CA$3.32

ME Therapeutics Holdings

7D

9.9%

1Y

n/a

MDNA

CA$1.56

Medicenna Therapeutics

7D

34.5%

1Y

100.0%

APS

CA$2.00

Aptose Biosciences

7D

-7.4%

1Y

-80.4%

COV

CA$1.30

Covalon Technologies

7D

4.0%

1Y

-35.3%

ACOG

CA$0.90

Alpha Cognition

7D

12.5%

1Y

130.8%

SVA

CA$0.60

Sernova

7D

7.1%

1Y

-36.2%

HBP

CA$0.19

Helix BioPharma

7D

2.7%

1Y

-2.6%

CYTO

CA$0.50

Cytophage Technologies

7D

-7.4%

1Y

n/a

DRUG

CA$1.80

Bright Minds Biosciences

7D

-16.3%

1Y

-45.5%

DTC

CA$1.75

Defence Therapeutics

7D

-5.4%

1Y

-54.4%

AEZS

CA$2.89

Aeterna Zentaris

7D

10.7%

1Y

-22.3%