Quipt Home Medical Corp.'s (TSE:QIPT) 26% Price Boost Is Out Of Tune With Revenues
Jul 26
Canadian (TSX) Healthcare Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies17
- 7D2.4%
- 3M12.0%
- 1Y19.2%
- YTD16.4%
Over the last 7 days, the Healthcare Services industry has risen 2.4%, driven by gains from Chartwell Retirement Residences of 4.1%. In the last 12 months, the industry was up 19%. Looking forward, earnings are forecast to grow by 91% annually.
Industry Valuation and Performance
Has the Canadian Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | CA$10.7b | CA$7.1b | CA$4.9m | 24.6x | 2194.5x | 1.5x |
| Sun, 23 Jun 2024 | CA$9.7b | CA$7.2b | -CA$71,661,950.85 | 23.9x | -136x | 1.4x |
| Tue, 21 May 2024 | CA$9.4b | CA$7.1b | -CA$71,108,089.43 | 25.5x | -132.3x | 1.3x |
| Thu, 18 Apr 2024 | CA$9.2b | CA$7.0b | -CA$133,897,718.64 | 26x | -68.8x | 1.3x |
| Sat, 16 Mar 2024 | CA$9.2b | CA$6.8b | -CA$68,397,323.84 | 22.3x | -133.9x | 1.3x |
| Mon, 12 Feb 2024 | CA$8.8b | CA$6.7b | -CA$67,902,211.29 | 32.3x | -129.7x | 1.3x |
| Wed, 10 Jan 2024 | CA$9.6b | CA$7.1b | -CA$112,514,113.00 | 31.8x | -85.2x | 1.3x |
| Fri, 08 Dec 2023 | CA$9.1b | CA$7.1b | -CA$106,902,884.00 | 34.1x | -85.4x | 1.3x |
| Sun, 05 Nov 2023 | CA$9.0b | CA$7.0b | -CA$199,676,741.00 | 69.8x | -45.1x | 1.3x |
| Tue, 03 Oct 2023 | CA$8.9b | CA$7.0b | -CA$199,032,553.00 | 71.2x | -44.9x | 1.3x |
| Thu, 31 Aug 2023 | CA$9.5b | CA$7.0b | -CA$199,514,376.00 | 78.7x | -47.7x | 1.4x |
| Sat, 29 Jul 2023 | CA$9.6b | CA$6.9b | -CA$203,396,766.00 | 57.5x | -47x | 1.4x |
| Mon, 26 Jun 2023 | CA$9.1b | CA$6.8b | -CA$202,302,344.00 | 59.6x | -45.1x | 1.3x |
| Wed, 24 May 2023 | CA$9.4b | CA$6.9b | -CA$207,712,721.00 | 48.9x | -45.2x | 1.4x |
| Fri, 21 Apr 2023 | CA$10.1b | CA$7.7b | -CA$380,352,049.00 | 70.5x | -26.6x | 1.3x |
| Sun, 19 Mar 2023 | CA$9.2b | CA$7.6b | -CA$470,839,737.00 | 46.1x | -19.6x | 1.2x |
| Tue, 14 Feb 2023 | CA$9.9b | CA$7.7b | -CA$398,675,552.00 | 40.8x | -24.9x | 1.3x |
| Thu, 12 Jan 2023 | CA$9.5b | CA$7.8b | -CA$526,032,702.00 | 38x | -18x | 1.2x |
| Sat, 10 Dec 2022 | CA$8.9b | CA$7.8b | -CA$537,279,560.00 | 36.5x | -16.5x | 1.1x |
| Mon, 07 Nov 2022 | CA$8.9b | CA$7.4b | -CA$471,942,239.00 | 34.9x | -18.9x | 1.2x |
| Wed, 05 Oct 2022 | CA$9.6b | CA$7.5b | -CA$533,647,099.00 | 37.2x | -17.9x | 1.3x |
| Fri, 02 Sep 2022 | CA$10.5b | CA$7.4b | -CA$576,080,130.00 | 42.2x | -18.2x | 1.4x |
| Sun, 31 Jul 2022 | CA$11.3b | CA$7.0b | -CA$507,888,948.00 | 40.6x | -22.2x | 1.6x |
| Tue, 28 Jun 2022 | CA$10.9b | CA$7.0b | -CA$658,482,562.00 | 36.9x | -16.6x | 1.6x |
| Thu, 26 May 2022 | CA$11.5b | CA$7.0b | -CA$658,680,108.00 | 47.7x | -17.5x | 1.7x |
| Sat, 23 Apr 2022 | CA$12.8b | CA$6.5b | -CA$831,199,120.00 | 41.3x | -15.4x | 2x |
| Mon, 21 Mar 2022 | CA$13.3b | CA$6.4b | -CA$827,553,110.00 | 37.9x | -16x | 2.1x |
| Wed, 16 Feb 2022 | CA$13.1b | CA$6.3b | -CA$973,306,066.00 | 33.5x | -13.4x | 2.1x |
| Fri, 14 Jan 2022 | CA$13.4b | CA$6.2b | -CA$969,880,933.00 | 36.8x | -13.8x | 2.2x |
| Sun, 12 Dec 2021 | CA$13.6b | CA$6.2b | -CA$947,873,272.00 | 22.4x | -14.3x | 2.2x |
| Tue, 09 Nov 2021 | CA$14.7b | CA$5.8b | -CA$836,626,658.00 | 23.9x | -17.6x | 2.5x |
| Thu, 07 Oct 2021 | CA$14.2b | CA$5.8b | -CA$800,519,241.00 | 19.3x | -17.7x | 2.4x |
| Sat, 04 Sep 2021 | CA$15.5b | CA$5.8b | -CA$795,431,212.22 | 25.4x | -19.4x | 2.7x |
| Mon, 02 Aug 2021 | CA$14.7b | CA$5.8b | -CA$795,431,212.22 | 24.3x | -18.5x | 2.5x |
Price to Earnings Ratio
-18.5x
Current Industry PE
- Investors are optimistic on the Canadian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 2kx which is higher than its 3-year average PE of -12.3x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- Total earnings for the Healthcare industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.7% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | -0.31% | |
| Healthcare | -1.14% | |
| Healthcare Services | 2.40% | |
| Healthcare Facilities | 4.08% | |
| Healthcare Services | 0.52% | |
| Managed Healthcare | 0% | |
| Healthcare Distributors | -42.86% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 181x.
- Analysts are expecting annual earnings growth of 126.3%, which is lower than the prior year's growth of 587.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 126% over the next 5 years.
- However this is lower than its past earnings growth rate of 588% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 46% 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$13.60 | 4.1% +CA$146.4m | 35.9% | PS4.9x | |
| SIA Sienna Senior Living | CA$15.55 | 4.4% +CA$47.4m | 34.7% | PE41.9x | |
| QIPT Quipt Home Medical | CA$5.21 | 11.8% +CA$23.4m | -24.9% | PS0.7x | |
| EXE Extendicare | CA$7.64 | 3.8% +CA$23.4m | 5.1% | PE18x | |
| VMD Viemed Healthcare | CA$10.45 | 4.6% +CA$17.7m | 3.9% | PE33x |
