Market Participants Recognise WELL Health Technologies Corp.'s (TSE:WELL) Revenues Pushing Shares 30% Higher
Jul 05
Canadian (TSX) Healthcare Services Industry Analysis
UpdatedJul 07, 2024
DataAggregated Company Financials
Companies17
- 7D0.05%
- 3M6.8%
- 1Y18.2%
- YTD12.4%
In the last week, Healthcare Services has been flat. The past year has been better, since the industry has gained 18% in that time. Earnings are forecast to grow by 80% 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 |
|---|---|---|---|---|---|---|
| Sun, 07 Jul 2024 | CA$10.4b | CA$7.2b | -CA$69,432,452.22 | 23.5x | -149.6x | 1.5x |
| Tue, 04 Jun 2024 | CA$9.4b | CA$7.2b | -CA$72,699,139.60 | 24.1x | -129x | 1.3x |
| Thu, 02 May 2024 | CA$9.2b | CA$7.0b | -CA$134,650,281.08 | 26.3x | -68.6x | 1.3x |
| Sat, 30 Mar 2024 | CA$9.1b | CA$6.9b | -CA$103,088,299.44 | 22.6x | -88.6x | 1.3x |
| Mon, 26 Feb 2024 | CA$9.0b | CA$6.8b | -CA$61,431,083.67 | 34.4x | -147.2x | 1.3x |
| Wed, 24 Jan 2024 | CA$9.5b | CA$7.1b | -CA$112,383,925.00 | 32.1x | -84.6x | 1.3x |
| Fri, 22 Dec 2023 | CA$9.4b | CA$7.1b | -CA$112,070,756.00 | 32x | -83.8x | 1.3x |
| Sun, 19 Nov 2023 | CA$8.9b | CA$7.1b | -CA$190,608,893.00 | 30.2x | -46.6x | 1.2x |
| Tue, 17 Oct 2023 | CA$9.0b | CA$7.0b | -CA$198,986,790.00 | 71.9x | -45.2x | 1.3x |
| Thu, 14 Sep 2023 | CA$9.1b | CA$7.0b | -CA$200,341,713.00 | 75.3x | -45.5x | 1.3x |
| Sat, 12 Aug 2023 | CA$9.4b | CA$7.0b | -CA$232,163,021.00 | 88.6x | -40.6x | 1.4x |
| Mon, 10 Jul 2023 | CA$9.2b | CA$6.9b | -CA$203,409,459.00 | 60.4x | -45.3x | 1.3x |
| Wed, 07 Jun 2023 | CA$9.6b | CA$6.9b | -CA$202,364,714.00 | 63.9x | -47.6x | 1.4x |
| Fri, 05 May 2023 | CA$9.8b | CA$7.7b | -CA$381,760,914.00 | 50.9x | -25.8x | 1.3x |
| Sun, 02 Apr 2023 | CA$9.9b | CA$7.7b | -CA$382,620,323.00 | 59.3x | -25.8x | 1.3x |
| Tue, 28 Feb 2023 | CA$10.1b | CA$7.8b | -CA$418,445,455.00 | 37.6x | -24x | 1.3x |
| Thu, 26 Jan 2023 | CA$9.9b | CA$7.8b | -CA$525,466,348.00 | 40.1x | -18.8x | 1.3x |
| Sat, 24 Dec 2022 | CA$8.8b | CA$7.8b | -CA$531,775,892.00 | 35x | -16.6x | 1.1x |
| Mon, 21 Nov 2022 | CA$8.6b | CA$7.8b | -CA$551,650,235.00 | 36.4x | -15.6x | 1.1x |
| Wed, 19 Oct 2022 | CA$9.3b | CA$7.5b | -CA$536,420,957.00 | 36.3x | -17.3x | 1.2x |
| Fri, 16 Sep 2022 | CA$10.4b | CA$7.4b | -CA$576,316,551.00 | 40.9x | -18x | 1.4x |
| Sun, 14 Aug 2022 | CA$11.3b | CA$7.3b | -CA$527,238,283.00 | 35.6x | -21.4x | 1.6x |
| Tue, 12 Jul 2022 | CA$11.1b | CA$7.0b | -CA$500,028,267.00 | 38.6x | -22.2x | 1.6x |
| Thu, 09 Jun 2022 | CA$11.5b | CA$7.0b | -CA$665,134,359.00 | 37.5x | -17.3x | 1.6x |
| Sat, 07 May 2022 | CA$12.0b | CA$6.6b | -CA$854,380,140.00 | 34x | -14.1x | 1.8x |
| Mon, 04 Apr 2022 | CA$13.2b | CA$6.5b | -CA$828,982,938.00 | 37.1x | -16x | 2x |
| Wed, 02 Mar 2022 | CA$12.7b | CA$6.2b | -CA$836,846,731.00 | 48.5x | -15.2x | 2x |
| Fri, 28 Jan 2022 | CA$13.0b | CA$6.2b | -CA$971,885,979.00 | 35.3x | -13.4x | 2.1x |
| Sun, 26 Dec 2021 | CA$13.7b | CA$6.2b | -CA$978,153,846.00 | 38.6x | -14x | 2.2x |
| Tue, 23 Nov 2021 | CA$14.4b | CA$6.1b | -CA$899,851,080.00 | 23x | -16x | 2.4x |
| Thu, 21 Oct 2021 | CA$14.6b | CA$5.8b | -CA$813,195,198.00 | 20.4x | -18x | 2.5x |
| Sat, 18 Sep 2021 | CA$15.2b | CA$5.9b | -CA$796,283,528.00 | 21.4x | -19.1x | 2.6x |
| Mon, 16 Aug 2021 | CA$14.8b | CA$5.8b | -CA$795,431,212.22 | 23.5x | -18.6x | 2.5x |
Price to Earnings Ratio
-18.2x
Current Industry PE
- Investors are relatively neutral on the Canadian Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have improved over the last three years.
- Revenues for these companies have grown 7.1% 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 | 0.75% | |
| Healthcare | -0.78% | |
| Healthcare Services | 0.054% | |
| Healthcare Facilities | 1.11% | |
| Healthcare Distributors | 0% | |
| Managed Healthcare | 0% | |
| Healthcare Services | -1.12% | |
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 132.1%, 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 132% 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 19% 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$13.01 | 1.2% +CA$43.4m | 41.0% | PS4.6x | |
| WELL WELL Health Technologies | CA$4.77 | 1.3% +CA$20.3m | 8.9% | PE40.1x | |
| SIA Sienna Senior Living | CA$14.51 | 1.8% +CA$19.0m | 29.6% | PE39.1x | |
| VMD Viemed Healthcare | CA$10.45 | 4.6% +CA$17.7m | 3.9% | PE33x | |
| AIDX Healwell AI | CA$2.46 | -2.8% CA$5.7m | 1,305.7% | PS34.6x |
