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Canadian (TSX) Medical Equipment Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies13
- 7D-6.4%
- 3M2.2%
- 1Y-17.6%
- YTD-18.7%
Over the last 7 days, the Medical Equipment industry has dropped 10%, driven by a pullback from Zentek of 21%. Meanwhile, Ocumetics Technology actually outperformed within the industry, gaining 14% in the last week. The industry has fallen 17% in the last year. Looking forward, earnings are forecast to grow by 56% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$682.7m | CA$84.0m | -CA$117,413,749.97 | n/a | -5.8x | 8.1x |
| Mon, 18 Nov 2024 | CA$1.0b | CA$187.1m | -CA$124,967,611.40 | n/a | -8.1x | 5.4x |
| Wed, 16 Oct 2024 | CA$883.0m | CA$176.2m | -CA$112,512,876.32 | n/a | -7.8x | 5x |
| Fri, 13 Sep 2024 | CA$901.8m | CA$174.8m | -CA$119,264,549.60 | n/a | -7.6x | 5.2x |
| Sun, 11 Aug 2024 | CA$968.5m | CA$191.9m | -CA$106,270,698.56 | 0.5x | -9.1x | 5x |
| Tue, 09 Jul 2024 | CA$823.8m | CA$190.1m | -CA$106,549,813.30 | 0.5x | -7.7x | 4.3x |
| Thu, 06 Jun 2024 | CA$812.5m | CA$190.0m | -CA$105,652,800.15 | 0.5x | -7.7x | 4.3x |
| Sat, 04 May 2024 | CA$841.6m | CA$242.4m | -CA$109,739,930.24 | 0.6x | -7.7x | 3.5x |
| Mon, 01 Apr 2024 | CA$889.6m | CA$233.2m | -CA$112,381,160.47 | n/a | -7.9x | 3.8x |
| Wed, 28 Feb 2024 | CA$912.3m | CA$228.8m | -CA$118,192,966.84 | n/a | -7.7x | 4x |
| Fri, 26 Jan 2024 | CA$1.3b | CA$281.9m | -CA$196,840,506.00 | n/a | -6.8x | 4.8x |
| Sun, 24 Dec 2023 | CA$1.3b | CA$279.8m | -CA$195,200,982.00 | n/a | -6.8x | 4.7x |
| Tue, 21 Nov 2023 | CA$1.4b | CA$281.5m | -CA$196,599,272.00 | n/a | -7.1x | 4.9x |
| Thu, 19 Oct 2023 | CA$1.4b | CA$269.7m | -CA$221,518,028.00 | 228.3x | -6.2x | 5.1x |
| Sat, 16 Sep 2023 | CA$1.3b | CA$267.8m | -CA$220,696,313.00 | 217.9x | -5.7x | 4.7x |
| Mon, 14 Aug 2023 | CA$1.4b | CA$259.9m | -CA$219,243,751.00 | 102.9x | -6.2x | 5.2x |
| Wed, 12 Jul 2023 | CA$1.4b | CA$233.3m | -CA$253,675,428.00 | 111.2x | -5.6x | 6.1x |
| Fri, 09 Jun 2023 | CA$1.5b | CA$234.4m | -CA$267,718,647.00 | 113.9x | -5.5x | 6.3x |
| Sun, 07 May 2023 | CA$1.4b | CA$247.6m | -CA$240,649,465.00 | 94.4x | -6x | 5.8x |
| Tue, 04 Apr 2023 | CA$1.4b | CA$234.4m | -CA$226,471,720.00 | 90.4x | -6x | 5.8x |
| Thu, 02 Mar 2023 | CA$1.5b | CA$234.6m | -CA$226,910,069.00 | 94.7x | -6.7x | 6.5x |
| Sat, 28 Jan 2023 | CA$1.7b | CA$232.3m | -CA$227,715,209.00 | 94.2x | -7.3x | 7.2x |
| Mon, 26 Dec 2022 | CA$1.5b | CA$227.6m | -CA$224,192,818.00 | 101.3x | -6.8x | 6.7x |
| Wed, 23 Nov 2022 | CA$1.4b | CA$223.8m | -CA$238,137,606.00 | 87.8x | -5.7x | 6.1x |
| Fri, 21 Oct 2022 | CA$1.3b | CA$233.3m | -CA$240,897,552.00 | 94x | -5.6x | 5.7x |
| Sun, 18 Sep 2022 | CA$1.6b | CA$223.4m | -CA$229,444,269.00 | 85.7x | -6.8x | 7x |
| Tue, 16 Aug 2022 | CA$1.7b | CA$223.3m | -CA$246,089,375.00 | 86.9x | -7.1x | 7.8x |
| Thu, 14 Jul 2022 | CA$1.7b | CA$227.1m | -CA$228,060,400.00 | 78.6x | -7.4x | 7.4x |
| Sat, 11 Jun 2022 | CA$1.7b | CA$226.0m | -CA$223,424,716.00 | 76x | -7.5x | 7.4x |
| Mon, 09 May 2022 | CA$1.8b | CA$191.4m | -CA$215,685,496.00 | 77x | -8.1x | 9.2x |
| Wed, 06 Apr 2022 | CA$1.9b | CA$181.1m | -CA$188,572,065.00 | 88.7x | -10.3x | 10.7x |
| Fri, 04 Mar 2022 | CA$1.6b | CA$185.0m | -CA$212,587,695.00 | 84.5x | -7.7x | 8.8x |
| Sun, 30 Jan 2022 | CA$1.7b | CA$185.0m | -CA$208,363,833.00 | 87.4x | -8x | 9x |
| Tue, 28 Dec 2021 | CA$1.9b | CA$180.7m | -CA$203,769,037.00 | 90.5x | -9.5x | 10.7x |
Price to Earnings Ratio
-9.5x
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 6.2x is lower than the industry's current PS ratio of 7.6x.
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 | -2.58% | |
| Healthcare | -0.88% | |
| Medical Equipment | -6.42% | |
| Medical Equipment | -1.75% | |
| Medical Supplies | -22.01% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 56% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 56% 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 | |
|---|---|---|---|---|---|
| PRN Profound Medical | CA$10.33 | -2.2% CA$49.8m | -14.0% | PS24x | |
| DTR DiagnosTear Technologies | CA$0.70 | 40.0% +CA$11.8m | n/a | n/a | |
| MYTC MyndTec | CA$0.20 | 344.4% +CA$3.7m | n/a | n/a | |
| NSCI Nanalysis Scientific | CA$0.31 | 10.7% +CA$3.4m | -17.3% | PS0.8x | |
| OPS Opsens | CA$2.90 | 0.7% +CA$2.3m | 55.1% | PS6.9x |