Canadian (TSX) Healthtech Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies13
- 7D2.6%
- 3M29.8%
- 1Y23.3%
- YTD33.9%
Over the last 7 days, the Healthtech industry has risen 2.6%, driven by gains in Vitalhub and kneat.com of 3.6% and 3.0%, respectively. Meanwhile, NetraMark Holdings actually underperformed within the industry, shrinking 8.8% in the last week. In the last 12 months, the industry was up 23%. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Canadian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 21 Apr 2024 | CA$770.7m | CA$212.3m | -CA$50,133,757.35 | 45.3x | -15.4x | 3.6x |
| Tue, 19 Mar 2024 | CA$764.1m | CA$224.0m | -CA$51,720,436.72 | 53.8x | -14.8x | 3.4x |
| Thu, 15 Feb 2024 | CA$653.4m | CA$220.9m | -CA$49,833,041.35 | 44.7x | -13.1x | 3x |
| Sat, 13 Jan 2024 | CA$608.9m | CA$221.5m | -CA$74,777,075.00 | 36x | -8.1x | 2.7x |
| Mon, 11 Dec 2023 | CA$690.1m | CA$222.0m | -CA$77,865,941.00 | 36.3x | -8.9x | 3.1x |
| Wed, 08 Nov 2023 | CA$641.8m | CA$214.8m | -CA$82,239,600.00 | 260.6x | -7.8x | 3x |
| Fri, 06 Oct 2023 | CA$679.3m | CA$214.3m | -CA$84,251,470.00 | 264.2x | -8.1x | 3.2x |
| Sun, 03 Sep 2023 | CA$575.6m | CA$218.2m | -CA$82,005,588.00 | 248.6x | -7x | 2.6x |
| Tue, 01 Aug 2023 | CA$585.9m | CA$189.9m | -CA$79,385,361.00 | n/a | -7.4x | 3.1x |
| Thu, 29 Jun 2023 | CA$549.7m | CA$190.1m | -CA$80,086,427.00 | n/a | -6.9x | 2.9x |
| Sat, 27 May 2023 | CA$646.2m | CA$204.9m | -CA$90,176,809.00 | n/a | -7.2x | 3.2x |
| Mon, 24 Apr 2023 | CA$724.9m | CA$199.6m | -CA$108,266,468.00 | 96.2x | -6.7x | 3.6x |
| Wed, 22 Mar 2023 | CA$665.1m | CA$195.7m | -CA$108,923,802.00 | 121.6x | -6.1x | 3.4x |
| Fri, 17 Feb 2023 | CA$674.4m | CA$191.5m | -CA$107,805,434.00 | 128.5x | -6.3x | 3.5x |
| Sun, 15 Jan 2023 | CA$697.5m | CA$191.4m | -CA$110,711,988.00 | 135.7x | -6.3x | 3.6x |
| Tue, 13 Dec 2022 | CA$682.9m | CA$193.2m | -CA$111,341,645.00 | 112.7x | -6.1x | 3.5x |
| Thu, 10 Nov 2022 | CA$723.1m | CA$165.5m | -CA$132,009,037.00 | 290.4x | -5.5x | 4.4x |
| Sat, 08 Oct 2022 | CA$623.8m | CA$164.1m | -CA$130,955,145.00 | 315.4x | -4.8x | 3.8x |
| Mon, 05 Sep 2022 | CA$725.5m | CA$163.1m | -CA$130,266,358.00 | 341.7x | -5.6x | 4.4x |
| Wed, 03 Aug 2022 | CA$744.2m | CA$146.4m | -CA$125,979,513.00 | n/a | -5.9x | 5.1x |
| Fri, 01 Jul 2022 | CA$603.3m | CA$146.1m | -CA$139,239,197.00 | 383x | -4.3x | 4.1x |
| Sun, 29 May 2022 | CA$718.2m | CA$129.9m | -CA$137,037,371.00 | 686.1x | -5.2x | 5.5x |
| Tue, 26 Apr 2022 | CA$875.7m | CA$110.8m | -CA$180,343,756.00 | 480.9x | -4.9x | 7.9x |
| Thu, 24 Mar 2022 | CA$889.9m | CA$87.8m | -CA$180,351,560.00 | 14x | -4.9x | 10.1x |
| Sat, 19 Feb 2022 | CA$984.4m | CA$82.6m | -CA$178,136,821.00 | 14.2x | -5.5x | 11.9x |
| Mon, 17 Jan 2022 | CA$1.1b | CA$82.9m | -CA$174,631,531.00 | 11x | -6.2x | 13x |
| Wed, 15 Dec 2021 | CA$1.1b | CA$82.9m | -CA$171,908,718.00 | 12x | -6.2x | 12.9x |
| Fri, 12 Nov 2021 | CA$1.0b | CA$80.1m | -CA$152,523,585.00 | 14.2x | -6.8x | 12.9x |
| Sun, 10 Oct 2021 | CA$1.1b | CA$76.4m | -CA$145,318,143.00 | 14.4x | -7.7x | 14.6x |
| Tue, 07 Sep 2021 | CA$1.2b | CA$76.4m | -CA$143,761,544.40 | 11.4x | -8.1x | 15.2x |
| Thu, 05 Aug 2021 | CA$1.1b | CA$76.4m | -CA$133,419,246.40 | 10.7x | -8.1x | 14.1x |
| Sun, 09 May 2021 | CA$1.2b | CA$63.7m | -CA$120,378,932.00 | 10.7x | -9.9x | 18.7x |
Price to Earnings Ratio
-9.9x
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 7.0x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Revenues for these companies have grown 49% 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 | -1.94% | |
| Healthcare | -3.87% | |
| Healthtech | 2.64% | |
| Healthtech | 2.64% | |
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 | |
|---|---|---|---|---|---|
| VHI Vitalhub | CA$6.03 | 3.6% +CA$10.6m | 125.0% | PE67.1x | |
| KSI kneat.com | CA$3.77 | 3.0% +CA$9.4m | 46.1% | PS9.4x | |
| AVCR Avricore Health | CA$0.15 | 14.8% +CA$2.0m | -46.6% | PS5x | |
| TRUE Treatment.com AI | CA$0.71 | 2.9% +CA$784.5k | 57.8% | PS730.2x | |
| ADK DIAGNOS | CA$0.31 | 3.3% +CA$766.5k | 12.7% | PS121x |