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Canadian (TSX) Healthcare Services Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies38
  • 7D-2.6%
  • 3M-11.4%
  • 1Y-6.7%
  • YTD-8.4%

Over the last 7 days, the Healthcare Services industry has dropped 2.6%, driven by a decline by Chartwell Retirement Residences of 6.4%. However, the industry is down 6.7% over the past year.

Industry Valuation and Performance

Has the Canadian Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021CA$14.0bCA$6.1b-CA$949,895,741.0023x
Fri, 29 Oct 2021CA$14.3bCA$5.8b-CA$809,108,636.0020.5x
Sun, 26 Sep 2021CA$15.0bCA$5.8b-CA$797,338,849.0021.3x
Tue, 24 Aug 2021CA$14.7bCA$5.8b-CA$795,431,212.2224.5x
Wed, 30 Jun 2021CA$15.3bCA$5.8b-CA$795,431,212.2223x
Sat, 03 Apr 2021CA$11.8bCA$4.6b-CA$685,572,537.7326.5x
Tue, 05 Jan 2021CA$10.2bCA$4.4b-CA$292,081,124.6635.8x
Fri, 09 Oct 2020CA$8.4bCA$4.5b-CA$40,843,481.6831.7x
Thu, 02 Jul 2020CA$7.0bCA$4.4b-CA$7,965,332.6245.9x
Sun, 05 Apr 2020CA$5.8bCA$4.5bCA$17.4m27.9x
Wed, 08 Jan 2020CA$8.0bCA$4.3b-CA$27,987,557.7527.8x
Tue, 01 Oct 2019CA$7.3bCA$3.9b-CA$42,876,915.6528x
Fri, 05 Jul 2019CA$7.7bCA$3.8b-CA$74,195,400.4443.3x
Mon, 08 Apr 2019CA$7.7bCA$3.8b-CA$52,195,343.1237.9x
Thu, 10 Jan 2019CA$6.4bCA$3.7b-CA$5,693,752.7526.9x
PE Ratio

24.5x

Total Market Cap: CA$7.0bTotal Earnings: CA$51.3mTotal Revenue: CA$3.6b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 22.4x which is lower than its 3-year average PE of 32.6x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: Total earnings for the Healthcare industry have declined over the last three years, with the industry now making a loss overall. But revenues have grown 19% 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 decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare Services industry?

Healthcare Services-2.06%
Healthcare Facilities-3.47%
Healthcare Distributors-4.12%

Industry PE: Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 83.1x. This is likely because analysts are expecting annual earnings growth of 94%, which is higher than its past year's earnings decline of 54% per year. Meanwhile, investors are most pessimistic about the Healthcare Distributors industry, which is trading below its 3-year average of 13.5x.

Forecasted Growth: Analysts are most optimistic on the Healthcare Facilities industry, expecting annual earnings growth of 94% over the next 5 years. This is better than its past earnings decline of 54% per year. Meanwhile, the Healthcare Distributors industry is expected to see its earnings grow by 66% per year over the next few years.

Top Stock Gainers and Losers

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

Company7D1YValuation
AND Andlauer Healthcare Group4.7%+CA$90.1m29.7%PE39.5x
DOC CloudMD Software & Services3.3%+CA$7.9m-45.5%PS4.2x
IOM Assure Holdings5.1%+CA$4.7m72.9%PS3x
MBCN MindBeacon Holdings5.1%+CA$4.2mn/aPS4.4x
MEDI KetamineOne Capital8.8%+CA$4.2mn/aPB7.8x
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