The Returns On Capital At Viemed Healthcare (TSE:VMD) Don't Inspire Confidence
May 27
Canadian (TSX) Healthcare Services Industry Analysis
Updated-
DataAggregated Company Financials
Companies0
- 7Dn/a
- 3Mn/a
- 1Yn/a
- YTDn/a
The Healthcare Services industry is up 3.5% in the last week, with WELL Health Technologies up 14%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 53% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 03 Jun 2023 | CA$5.7b | CA$3.6b | -CA$211,927,918.00 | 62.6x | -26.8x | 1.6x |
| Mon, 01 May 2023 | CA$6.5b | CA$4.4b | -CA$390,248,179.00 | 50.5x | -16.6x | 1.5x |
| Wed, 29 Mar 2023 | CA$6.1b | CA$4.4b | -CA$393,918,517.00 | 45.2x | -15.5x | 1.4x |
| Fri, 24 Feb 2023 | CA$6.2b | CA$4.3b | -CA$427,728,584.00 | 31.2x | -14.6x | 1.5x |
| Sun, 22 Jan 2023 | CA$5.7b | CA$4.2b | -CA$496,000,530.00 | 38x | -11.4x | 1.3x |
| Tue, 20 Dec 2022 | CA$5.2b | CA$4.3b | -CA$505,003,909.00 | 34.9x | -10.3x | 1.2x |
| Thu, 17 Nov 2022 | CA$5.1b | CA$4.2b | -CA$501,668,981.00 | 33.8x | -10.2x | 1.2x |
| Sat, 15 Oct 2022 | CA$5.3b | CA$4.0b | -CA$407,353,072.00 | 35.4x | -13.1x | 1.3x |
| Mon, 12 Sep 2022 | CA$6.2b | CA$3.9b | -CA$444,993,994.00 | 43.3x | -14x | 1.6x |
| Wed, 10 Aug 2022 | CA$6.0b | CA$3.5b | -CA$474,058,927.00 | 27.7x | -12.7x | 1.7x |
| Fri, 08 Jul 2022 | CA$6.3b | CA$3.5b | -CA$502,087,050.00 | 26.8x | -12.5x | 1.8x |
| Sun, 05 Jun 2022 | CA$6.4b | CA$3.5b | -CA$489,003,775.00 | 24.4x | -13.1x | 1.8x |
| Tue, 03 May 2022 | CA$6.9b | CA$3.1b | -CA$673,692,295.00 | 21.6x | -10.2x | 2.2x |
| Thu, 31 Mar 2022 | CA$7.4b | CA$2.9b | -CA$659,390,385.00 | 22.5x | -11.2x | 2.5x |
| Sat, 26 Feb 2022 | CA$7.1b | CA$2.8b | -CA$660,966,457.00 | 24.9x | -10.7x | 2.5x |
| Mon, 24 Jan 2022 | CA$7.7b | CA$2.8b | -CA$647,910,950.00 | 29.6x | -11.9x | 2.8x |
| Wed, 22 Dec 2021 | CA$8.2b | CA$2.8b | -CA$656,484,483.00 | 18.9x | -12.6x | 3x |
| Fri, 19 Nov 2021 | CA$8.9b | CA$2.6b | -CA$575,753,242.00 | 20.7x | -15.4x | 3.4x |
| Sun, 17 Oct 2021 | CA$8.8b | CA$2.4b | -CA$565,324,638.00 | 22.9x | -15.6x | 3.7x |
| Tue, 14 Sep 2021 | CA$9.3b | CA$2.4b | -CA$559,182,420.09 | 24.3x | -16.7x | 3.9x |
| Thu, 12 Aug 2021 | CA$9.3b | CA$2.4b | -CA$559,182,420.09 | 25.2x | -16.7x | 3.9x |
| Mon, 07 Jun 2021 | CA$8.3b | CA$2.0b | -CA$536,101,375.80 | 27.9x | -15.4x | 4.2x |
| Sun, 28 Feb 2021 | CA$5.8b | CA$1.1b | -CA$47,892,475.86 | 40.4x | -120.4x | 5.2x |
| Wed, 02 Dec 2020 | CA$4.8b | CA$1.1b | -CA$22,982,520.23 | 48x | -207.2x | 4.2x |
| Sat, 05 Sep 2020 | CA$3.7b | CA$1.1b | CA$11.8m | 53.7x | 316x | 3.3x |
| Tue, 09 Jun 2020 | CA$2.8b | CA$1.1b | -CA$1,679,523.93 | 35.1x | -1689.2x | 2.6x |
Price to Earnings Ratio
-1689.2x
Current Industry PE
- Investors are pessimistic on the Canadian Healthcare Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 49% 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 caused losses to expand.
Industry Comparison
How does Canadian Healthcare Services compare with similar industries?
| CA Market | 0.61% | |
| Healthcare | 0.47% | |
| Healthcare Services | 3.46% | |
| Healthcare Services | 5.33% | |
| Healthcare Distributors | 3.86% | |
| Healthcare Facilities | 0.81% | |
| Managed Healthcare | 0% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WELL WELL Health Technologies | CA$5.10 | 11.1% +CA$121.5m | 38.6% | PS2x | |
| DNTL dentalcorp Holdings | CA$7.18 | 5.1% +CA$65.6m | -42.0% | PS1x | |
| AND Andlauer Healthcare Group | CA$46.36 | 3.0% +CA$57.0m | -3.3% | PE25.5x | |
| QIPT Quipt Home Medical | CA$7.74 | 8.4% +CA$25.1m | 28.4% | PE159.5x | |
| VMD Viemed Healthcare | CA$13.13 | 2.9% +CA$14.2m | 81.1% | PE62.6x |