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Canadian (TSX) Medical Equipment Industry Analysis
UpdatedJan 22, 2025
DataAggregated Company Financials
Companies12
- 7D0.6%
- 3M7.4%
- 1Y-7.9%
- YTD-0.8%
Over the last 7 days, the Medical Equipment industry has dropped 1.1%, driven by a pullback from Profound Medical of 4.1%. On the other hand Zentek is actually up 10%. However, the industry is down 7.1% over the past year. Earnings are forecast to grow by 52% annually.
Industry Valuation and Performance
Has the Canadian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | CA$729.3m | CA$84.0m | -CA$117,532,471.80 | n/a | -6.2x | 8.7x |
| Fri, 20 Dec 2024 | CA$642.0m | CA$84.1m | -CA$117,515,454.22 | n/a | -5.5x | 7.6x |
| Sun, 17 Nov 2024 | CA$1.0b | CA$187.1m | -CA$124,967,611.40 | n/a | -8.1x | 5.4x |
| Tue, 15 Oct 2024 | CA$877.8m | CA$176.6m | -CA$120,129,376.71 | n/a | -7.3x | 5x |
| Thu, 12 Sep 2024 | CA$905.6m | CA$174.7m | -CA$119,220,971.99 | n/a | -7.6x | 5.2x |
| Sat, 10 Aug 2024 | CA$959.0m | CA$191.1m | -CA$106,869,344.00 | 0.5x | -9x | 5x |
| Mon, 08 Jul 2024 | CA$823.8m | CA$190.0m | -CA$106,521,371.56 | 0.5x | -7.7x | 4.3x |
| Wed, 05 Jun 2024 | CA$813.4m | CA$189.7m | -CA$103,083,032.24 | 0.5x | -7.9x | 4.3x |
| Fri, 03 May 2024 | CA$834.6m | CA$242.4m | -CA$109,732,759.17 | 0.7x | -7.6x | 3.4x |
| Sun, 31 Mar 2024 | CA$888.5m | CA$233.2m | -CA$112,381,160.47 | n/a | -7.9x | 3.8x |
| Tue, 27 Feb 2024 | CA$912.1m | CA$228.6m | -CA$118,111,992.66 | n/a | -7.7x | 4x |
| Thu, 25 Jan 2024 | CA$1.3b | CA$282.3m | -CA$197,007,022.00 | n/a | -6.8x | 4.8x |
| Sat, 23 Dec 2023 | CA$1.3b | CA$279.8m | -CA$195,200,982.00 | n/a | -6.8x | 4.7x |
| Mon, 20 Nov 2023 | CA$1.4b | CA$281.5m | -CA$196,599,272.00 | n/a | -7.1x | 4.9x |
| Wed, 18 Oct 2023 | CA$1.4b | CA$269.0m | -CA$221,231,993.00 | 221.7x | -6.3x | 5.1x |
| Fri, 15 Sep 2023 | CA$1.3b | CA$267.8m | -CA$220,696,313.00 | 217.9x | -5.7x | 4.7x |
| Sun, 13 Aug 2023 | CA$1.4b | CA$237.5m | -CA$252,833,100.00 | 102.9x | -5.4x | 5.7x |
| Tue, 11 Jul 2023 | CA$1.4b | CA$233.6m | -CA$253,948,190.00 | 111.6x | -5.6x | 6.1x |
| Thu, 08 Jun 2023 | CA$1.5b | CA$234.5m | -CA$267,867,923.00 | 115.2x | -5.5x | 6.3x |
| Sat, 06 May 2023 | CA$1.4b | CA$247.6m | -CA$240,679,780.00 | 94.4x | -6x | 5.8x |
| Mon, 03 Apr 2023 | CA$1.4b | CA$235.3m | -CA$227,255,803.00 | 90.9x | -6x | 5.8x |
| Wed, 01 Mar 2023 | CA$1.5b | CA$235.0m | -CA$227,290,295.00 | 94.3x | -6.8x | 6.6x |
| Fri, 27 Jan 2023 | CA$1.6b | CA$232.4m | -CA$227,824,006.00 | 94.1x | -7.2x | 7.1x |
| Sun, 25 Dec 2022 | CA$1.5b | CA$227.6m | -CA$231,866,248.00 | 101.3x | -6.6x | 6.7x |
| Tue, 22 Nov 2022 | CA$1.4b | CA$222.0m | -CA$235,871,355.00 | 82.7x | -5.9x | 6.2x |
| Thu, 20 Oct 2022 | CA$1.3b | CA$234.0m | -CA$242,736,071.00 | 90.2x | -5.5x | 5.7x |
| Sat, 17 Sep 2022 | CA$1.6b | CA$223.4m | -CA$229,444,269.00 | 85.7x | -6.8x | 7x |
| Mon, 15 Aug 2022 | CA$1.7b | CA$222.4m | -CA$245,121,783.00 | 85x | -7x | 7.8x |
| Wed, 13 Jul 2022 | CA$1.7b | CA$227.5m | -CA$228,360,502.00 | 79.5x | -7.4x | 7.5x |
| Fri, 10 Jun 2022 | CA$1.7b | CA$224.5m | -CA$222,139,825.00 | 77.5x | -7.6x | 7.6x |
| Sun, 08 May 2022 | CA$1.8b | CA$191.4m | -CA$215,685,496.00 | 77x | -8.1x | 9.2x |
| Tue, 05 Apr 2022 | CA$2.1b | CA$174.4m | -CA$188,949,041.00 | 90.3x | -11x | 11.9x |
| Thu, 03 Mar 2022 | CA$1.7b | CA$184.8m | -CA$212,440,785.00 | 85.9x | -7.8x | 9x |
| Sat, 29 Jan 2022 | CA$1.7b | CA$185.0m | -CA$208,363,833.00 | 87.4x | -8x | 9x |
Price to Earnings Ratio
-8x
Current Industry PE
- Investors are optimistic on the Canadian Medical Equipment industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 23% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 2.73% | |
| Healthcare | 2.56% | |
| Medical Equipment | 0.64% | |
| Medical Supplies | 7.38% | |
| Medical Equipment | -1.19% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 52% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 52% 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 | |
|---|---|---|---|---|---|
| ALGO Light AI | CA$0.90 | 28.6% +CA$16.5m | n/a | PE-15.7x | |
| IZO Izotropic | CA$0.38 | 145.2% +CA$12.8m | 137.5% | PE-11.4x | |
| ZEN Zentek | CA$1.60 | 7.4% +CA$11.4m | 1.9% | PS4230.7x | |
| MIR MedMira | CA$0.13 | 8.3% +CA$7.0m | 23.8% | PS255.9x | |
| OTC Ocumetics Technology | CA$0.34 | 6.3% +CA$2.4m | 0% | PE-14.1x |