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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies21
  • 7D-3.5%
  • 3M-8.5%
  • 1Y6.9%
  • YTD-12.5%

Over the last 7 days, the Medical Equipment industry has dropped 3.5%, driven by a decline by Profound Medical of 8.4%. This takes the industry's 12 month performance to a gain of 6.9%.

Industry Valuation and Performance

Has the Canadian Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$2.0bCA$180.8m-CA$225,221,959.0093x
Thu, 28 Oct 2021CA$2.1bCA$169.9m-CA$210,924,042.00290.4x
Sat, 25 Sep 2021CA$2.2bCA$168.6m-CA$217,250,612.00295.2x
Mon, 23 Aug 2021CA$2.0bCA$166.0m-CA$212,779,288.83252.9x
Sat, 10 Jul 2021CA$2.1bCA$166.0m-CA$212,779,288.83237x
Fri, 02 Apr 2021CA$2.2bCA$149.6m-CA$191,610,967.99131.7x
Mon, 04 Jan 2021CA$1.4bCA$119.5m-CA$159,794,689.61156.7x
Thu, 08 Oct 2020CA$1.2bCA$126.9m-CA$125,371,010.22155.6x
Wed, 01 Jul 2020CA$935.7mCA$123.8m-CA$113,844,282.38150.8x
Sat, 04 Apr 2020CA$621.9mCA$117.3m-CA$123,771,949.8062.2x
Tue, 07 Jan 2020CA$646.2mCA$105.9m-CA$77,240,578.43128.5x
Mon, 30 Sep 2019CA$644.6mCA$107.0m-CA$146,234,305.5738.8x
Thu, 04 Jul 2019CA$683.8mCA$100.3m-CA$140,780,589.0457.2x
Sun, 07 Apr 2019CA$733.9mCA$90.2m-CA$154,661,340.4764.5x
Wed, 09 Jan 2019CA$506.3mCA$82.9m-CA$106,600,506.7926.7x
PE Ratio

18.1x

Total Market Cap: CA$582.0mTotal Earnings: -CA$115,716,661.39Total Revenue: CA$79.6m0%0%0%3 Year10 Year
201920202021

Current Industry PE: There is only one profitable company in this industry, so there is insufficient data to make an industry-wide assessment of PE.

Past Earnings Growth: The earnings for companies in the Medical Equipment industry have deteriorated over the last three years, while revenues for these companies have grown 31% 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 Trends

Which industries have driven the changes within the Canadian Medical Equipment industry?

Medical Equipment-3.43%
Medical Supplies-5.36%

Industry PE: Investors are most optimistic about the Medical Equipment industry even though it's trading below its 3-year average PE ratio of 129x. However analysts are expecting annual earnings growth of 70%, which is lower than the prior year's growth of 172% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 70% over the next 5 years. However this is lower than its past earnings growth rate of 172% per year.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
OPS Opsens16.2%+CA$52.9m202.6%PS11x
MIR MedMira18.2%+CA$13.3m-52.7%PS32.3x
TLT Theralase Technologies10.6%+CA$5.1m36.8%PS54.9x
NSCI Nanalysis Scientific4.2%+CA$4.6m270.0%PS8.3x
NGMD NuGen Medical Devices12.9%+CA$3.4mn/aPS234.9x
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OPS

CA$3.51

Opsens

7D

16.2%

1Y

202.6%

NVCN

CA$0.93

Neovasc

7D

4.5%

1Y

-17.0%

MIR

CA$0.13

MedMira

7D

18.2%

1Y

-52.7%