WELL Health Technologies' (TSE:WELL) Earnings Are Weaker Than They Seem
May 21
Canadian (TSX) Healthcare Services Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies19
- 7D-0.09%
- 3M3.5%
- 1Y7.8%
- YTD4.9%
Over the last 7 days, the Healthcare Services industry has remained flat, although notably dentalcorp Holdings gained 3.7%. As for the the longer term, the industry is up 7.8% over the past 12 months. Earnings are forecast to grow by 108% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | CA$9.4b | CA$7.1b | -CA$71,107,611.45 | 24.7x | -132.3x | 1.3x |
| Fri, 19 Apr 2024 | CA$9.3b | CA$7.0b | -CA$133,851,602.37 | 26.3x | -69.5x | 1.3x |
| Sun, 17 Mar 2024 | CA$9.1b | CA$6.8b | -CA$68,411,371.66 | 22.3x | -133.4x | 1.3x |
| Tue, 13 Feb 2024 | CA$8.9b | CA$6.7b | -CA$67,894,411.35 | 32.8x | -130.9x | 1.3x |
| Thu, 11 Jan 2024 | CA$9.6b | CA$7.1b | -CA$112,497,425.00 | 32.1x | -85.2x | 1.3x |
| Sat, 09 Dec 2023 | CA$9.1b | CA$7.1b | -CA$106,906,753.00 | 33.8x | -85.5x | 1.3x |
| Mon, 06 Nov 2023 | CA$9.0b | CA$7.0b | -CA$199,676,741.00 | 69.8x | -45.1x | 1.3x |
| Wed, 04 Oct 2023 | CA$8.8b | CA$7.0b | -CA$199,032,553.00 | 65.4x | -44.4x | 1.3x |
| Fri, 01 Sep 2023 | CA$9.6b | CA$7.0b | -CA$199,497,248.00 | 78.7x | -47.9x | 1.4x |
| Sun, 30 Jul 2023 | CA$9.6b | CA$6.9b | -CA$203,671,931.00 | 57.5x | -46.9x | 1.4x |
| Tue, 27 Jun 2023 | CA$9.1b | CA$6.8b | -CA$202,291,559.00 | 60.6x | -45.1x | 1.3x |
| Thu, 25 May 2023 | CA$9.3b | CA$6.9b | -CA$207,719,163.00 | 44.8x | -44.6x | 1.3x |
| Sat, 22 Apr 2023 | CA$10.2b | CA$7.7b | -CA$381,290,500.00 | 72.4x | -26.9x | 1.3x |
| Mon, 20 Mar 2023 | CA$9.2b | CA$7.6b | -CA$470,839,737.00 | 46.1x | -19.6x | 1.2x |
| Wed, 15 Feb 2023 | CA$10.1b | CA$7.7b | -CA$395,414,587.00 | 36.2x | -25.5x | 1.3x |
| Fri, 13 Jan 2023 | CA$9.6b | CA$7.8b | -CA$525,151,557.00 | 39.2x | -18.3x | 1.2x |
| Sun, 11 Dec 2022 | CA$8.9b | CA$7.8b | -CA$537,279,560.00 | 36.5x | -16.5x | 1.1x |
| Tue, 08 Nov 2022 | CA$9.1b | CA$7.4b | -CA$471,734,193.00 | 35.7x | -19.2x | 1.2x |
| Thu, 06 Oct 2022 | CA$9.4b | CA$7.5b | -CA$534,964,975.00 | 35.6x | -17.7x | 1.3x |
| Sat, 03 Sep 2022 | CA$10.5b | CA$7.4b | -CA$575,094,648.00 | 42.3x | -18.3x | 1.4x |
| Mon, 01 Aug 2022 | CA$11.3b | CA$7.0b | -CA$512,480,746.00 | 40.6x | -22x | 1.6x |
| Wed, 29 Jun 2022 | CA$10.9b | CA$7.0b | -CA$658,688,041.00 | 36.9x | -16.6x | 1.6x |
| Fri, 27 May 2022 | CA$11.5b | CA$7.0b | -CA$658,680,108.00 | 47.7x | -17.5x | 1.7x |
| Sun, 24 Apr 2022 | CA$12.8b | CA$6.5b | -CA$831,199,120.00 | 41.3x | -15.4x | 2x |
| Tue, 22 Mar 2022 | CA$13.1b | CA$6.4b | -CA$827,001,057.00 | 37.1x | -15.9x | 2x |
| Thu, 17 Feb 2022 | CA$13.0b | CA$6.2b | -CA$833,633,586.00 | 33.1x | -15.6x | 2.1x |
| Sat, 15 Jan 2022 | CA$13.4b | CA$6.2b | -CA$970,417,718.00 | 36.7x | -13.8x | 2.2x |
| Mon, 13 Dec 2021 | CA$13.6b | CA$6.2b | -CA$945,698,502.00 | 22.4x | -14.3x | 2.2x |
| Wed, 10 Nov 2021 | CA$14.7b | CA$5.8b | -CA$836,626,658.00 | 23.9x | -17.6x | 2.5x |
| Fri, 08 Oct 2021 | CA$14.2b | CA$5.8b | -CA$806,119,427.00 | 19.8x | -17.6x | 2.4x |
| Sun, 05 Sep 2021 | CA$15.5b | CA$5.8b | -CA$795,431,212.22 | 25.4x | -19.4x | 2.7x |
| Tue, 03 Aug 2021 | CA$14.5b | CA$5.8b | -CA$795,431,212.22 | 24.2x | -18.3x | 2.5x |
Price to Earnings Ratio
-17.5x
Current Industry PE
- Investors are pessimistic on the Canadian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 1.18% | |
| Healthcare | -3.15% | |
| Healthcare Services | -0.088% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -0.037% | |
| Healthcare Services | -0.093% | |
| Healthcare Distributors | -31.57% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 171x.
- Analysts are expecting annual earnings growth of 141.9%, 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 142% 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 61% 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 | |
|---|---|---|---|---|---|
| DNTL dentalcorp Holdings | CA$6.48 | 3.7% +CA$43.4m | -8.5% | PS0.8x | |
| AIDX Healwell AI | CA$1.68 | 12.0% +CA$20.7m | 808.1% | PS19.4x | |
| VMD Viemed Healthcare | CA$10.45 | 4.6% +CA$17.7m | 3.9% | PE33x | |
| EXE Extendicare | CA$7.83 | 2.1% +CA$13.3m | 8.4% | PE18.4x | |
| SIA Sienna Senior Living | CA$14.89 | 0.5% +CA$5.1m | 30.4% | PE40.1x |
