Quipt Home Medical Corp. (TSE:QIPT) Surges 27% Yet Its Low P/S Is No Reason For Excitement
Jan 18
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Canadian (TSX) Healthcare Services Industry Analysis
UpdatedJan 27, 2025
DataAggregated Company Financials
Companies13
- 7D1.5%
- 3M6.2%
- 1Y32.9%
- YTD0.8%
Over the last 7 days, the Healthcare Services industry has risen 1.5%, driven by gains from Chartwell Retirement Residences of 4.1%. In the last 12 months, the industry was up 33%. Earnings are forecast to grow by 58% 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 |
|---|---|---|---|---|---|---|
| Tue, 28 Jan 2025 | CA$12.5b | CA$7.4b | CA$146.4m | 25.2x | 85.2x | 1.7x |
| Thu, 26 Dec 2024 | CA$12.4b | CA$7.4b | CA$147.1m | 24.8x | 84.5x | 1.7x |
| Sat, 23 Nov 2024 | CA$12.2b | CA$7.5b | CA$129.2m | 21.6x | 94.5x | 1.6x |
| Mon, 21 Oct 2024 | CA$12.0b | CA$7.3b | CA$154.8m | 22.6x | 77.3x | 1.6x |
| Wed, 18 Sep 2024 | CA$11.6b | CA$7.3b | CA$152.8m | 21.4x | 75.7x | 1.6x |
| Fri, 16 Aug 2024 | CA$10.9b | CA$7.3b | CA$161.3m | 21.9x | 67.8x | 1.5x |
| Sun, 14 Jul 2024 | CA$10.5b | CA$7.1b | CA$4.8m | 23.3x | 2173.6x | 1.5x |
| Tue, 11 Jun 2024 | CA$10.0b | CA$7.2b | -CA$70,641,857.78 | 29.9x | -141.5x | 1.4x |
| Thu, 09 May 2024 | CA$9.4b | CA$7.0b | -CA$106,802,533.31 | 25.9x | -88x | 1.3x |
| Sat, 06 Apr 2024 | CA$9.1b | CA$7.0b | -CA$101,717,957.75 | 26.3x | -89.3x | 1.3x |
| Mon, 04 Mar 2024 | CA$9.2b | CA$6.8b | -CA$48,135,928.73 | 33x | -191.1x | 1.4x |
| Wed, 31 Jan 2024 | CA$9.5b | CA$7.1b | -CA$108,654,768.00 | 32.5x | -87.6x | 1.3x |
| Fri, 29 Dec 2023 | CA$9.5b | CA$7.1b | -CA$112,043,384.00 | 32.2x | -85.1x | 1.3x |
| Sun, 26 Nov 2023 | CA$9.0b | CA$7.1b | -CA$190,636,992.00 | 30.7x | -47.1x | 1.3x |
| Tue, 24 Oct 2023 | CA$8.7b | CA$7.0b | -CA$199,052,321.00 | 60.9x | -43.5x | 1.2x |
| Thu, 21 Sep 2023 | CA$9.2b | CA$7.0b | -CA$200,178,618.00 | 73x | -45.9x | 1.3x |
| Sat, 19 Aug 2023 | CA$9.4b | CA$7.0b | -CA$205,676,960.00 | 91.2x | -45.6x | 1.3x |
| Mon, 17 Jul 2023 | CA$9.5b | CA$6.9b | -CA$203,393,700.00 | 59.5x | -46.9x | 1.4x |
| Wed, 14 Jun 2023 | CA$9.5b | CA$6.9b | -CA$202,337,824.00 | 63.7x | -46.8x | 1.4x |
| Fri, 12 May 2023 | CA$9.9b | CA$6.7b | -CA$144,401,283.00 | 51.8x | -68.8x | 1.5x |
| Sun, 09 Apr 2023 | CA$9.7b | CA$7.7b | -CA$381,223,945.00 | 61.2x | -25.4x | 1.3x |
| Tue, 07 Mar 2023 | CA$10.0b | CA$7.6b | -CA$438,057,809.00 | 31.7x | -22.9x | 1.3x |
| Thu, 02 Feb 2023 | CA$10.0b | CA$7.8b | -CA$524,164,136.00 | 41.4x | -19.1x | 1.3x |
| Sat, 31 Dec 2022 | CA$8.9b | CA$7.8b | -CA$527,542,082.00 | 35.2x | -16.9x | 1.1x |
| Mon, 28 Nov 2022 | CA$9.2b | CA$7.8b | -CA$540,633,149.00 | 35.4x | -17x | 1.2x |
| Wed, 26 Oct 2022 | CA$9.3b | CA$7.5b | -CA$534,244,005.00 | 35.9x | -17.4x | 1.2x |
| Fri, 23 Sep 2022 | CA$9.6b | CA$7.4b | -CA$531,665,081.00 | 39.8x | -18.1x | 1.3x |
| Sun, 21 Aug 2022 | CA$11.1b | CA$7.3b | -CA$538,336,191.00 | 65.1x | -20.6x | 1.5x |
| Tue, 19 Jul 2022 | CA$11.0b | CA$7.0b | -CA$500,484,888.00 | 38.6x | -22.1x | 1.6x |
| Thu, 16 Jun 2022 | CA$10.6b | CA$7.0b | -CA$659,484,439.00 | 35.4x | -16.1x | 1.5x |
| Sat, 14 May 2022 | CA$11.4b | CA$7.0b | -CA$673,436,586.00 | 46.7x | -16.9x | 1.6x |
| Mon, 11 Apr 2022 | CA$13.5b | CA$6.5b | -CA$830,050,079.00 | 34.2x | -16.2x | 2.1x |
| Wed, 09 Mar 2022 | CA$12.5b | CA$6.3b | -CA$804,248,060.00 | 50.9x | -15.6x | 2x |
| Fri, 04 Feb 2022 | CA$13.2b | CA$6.2b | -CA$968,049,478.00 | 34.3x | -13.6x | 2.1x |
Price to Earnings Ratio
-13.6x
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 85.2x which is higher than its 3-year average PE of -53.8x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
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 5.6% 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 | 1.46% | |
| Healthcare | -0.16% | |
| Healthcare Services | 1.50% | |
| Healthcare Facilities | 2.19% | |
| Healthcare Services | 0.66% | |
| Healthcare Distributors | 0% | 0 |
| Managed Healthcare | 0% | 0 |
Industry PE
- Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 1.6x.
- Analysts are expecting annual earnings growth of 52.5%, which is higher than its past year's earnings decline of 2.8% per year.
- Investors are most pessimistic about the Healthcare Facilities industry, which is trading below its 3-year average of 200x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 62% over the next 5 years.
- However this is lower than its past earnings growth rate of 264% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 52% 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$16.20 | 3.8% +CA$161.1m | 37.4% | PE723.8x | |
| EXE Extendicare | CA$10.48 | 2.1% +CA$18.4m | 46.6% | PE13.7x | |
| SIA Sienna Senior Living | CA$15.31 | 0.2% +CA$2.5m | 26.2% | PE40.9x | |
| QIPT Quipt Home Medical | CA$4.29 | 0.9% +CA$1.7m | -31.3% | PS0.5x | |
| KDA KDA Group | CA$0.27 | 1.9% +CA$911.0k | 8.0% | PS322.9x |
