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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies15
  • 7D2.5%
  • 3M4.3%
  • 1Y-19.0%
  • YTD1.4%

The Medical Equipment industry is up 2.5% in the last week, with Profound Medical up 8.8%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 118% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024CA$911.0mCA$230.5m-CA$111,676,474.07n/a-8.2x4x
Wed, 14 Feb 2024CA$934.9mCA$229.2m-CA$118,324,466.23n/a-7.9x4.1x
Fri, 12 Jan 2024CA$1.4bCA$281.1m-CA$196,584,147.00n/a-6.9x4.9x
Sun, 10 Dec 2023CA$1.4bCA$283.1m-CA$196,300,156.00n/a-7x4.8x
Tue, 07 Nov 2023CA$1.4bCA$269.8m-CA$207,938,255.00233.2x-6.6x5.1x
Thu, 05 Oct 2023CA$1.3bCA$269.5m-CA$221,640,704.00194.5x-5.7x4.7x
Sat, 02 Sep 2023CA$1.3bCA$268.3m-CA$219,393,331.00210.5x-5.9x4.9x
Mon, 31 Jul 2023CA$1.4bCA$236.4m-CA$249,571,457.00107.7x-5.7x6x
Wed, 28 Jun 2023CA$1.4bCA$233.0m-CA$256,238,722.00114x-5.5x6x
Fri, 26 May 2023CA$1.4bCA$254.8m-CA$241,889,432.00117.8x-5.9x5.6x
Sun, 23 Apr 2023CA$1.4bCA$245.8m-CA$245,830,561.0092.2x-5.8x5.8x
Tue, 21 Mar 2023CA$1.4bCA$235.7m-CA$234,090,171.0088.7x-5.9x5.9x
Thu, 16 Feb 2023CA$1.5bCA$232.7m-CA$225,016,613.0096.7x-6.9x6.6x
Sat, 14 Jan 2023CA$1.6bCA$227.9m-CA$229,780,354.0094.9x-7.1x7.2x
Mon, 12 Dec 2022CA$1.4bCA$227.9m-CA$232,162,671.0097.5x-6x6.2x
Wed, 09 Nov 2022CA$1.4bCA$220.9m-CA$235,426,207.0084.4x-6.1x6.5x
Fri, 07 Oct 2022CA$1.4bCA$227.4m-CA$233,586,959.0090.6x-6.2x6.3x
Sun, 04 Sep 2022CA$1.6bCA$221.8m-CA$227,801,271.0086.9x-7x7.2x
Tue, 02 Aug 2022CA$1.8bCA$236.0m-CA$230,986,696.0084.7x-7.6x7.4x
Thu, 30 Jun 2022CA$1.5bCA$226.8m-CA$216,878,901.0080.2x-7.1x6.8x
Sat, 28 May 2022CA$1.7bCA$221.0m-CA$221,034,052.0077.4x-7.8x7.8x
Mon, 25 Apr 2022CA$1.9bCA$186.8m-CA$193,086,382.0081.1x-9.7x10x
Wed, 23 Mar 2022CA$2.1bCA$183.0m-CA$224,025,961.0078.8x-9.2x11.3x
Fri, 18 Feb 2022CA$1.7bCA$185.2m-CA$213,038,631.0088.3x-7.9x9x
Sun, 16 Jan 2022CA$1.8bCA$183.5m-CA$206,313,591.0092.4x-8.5x9.6x
Tue, 14 Dec 2021CA$1.9bCA$180.8m-CA$204,318,873.0087.7x-9.2x10.4x
Thu, 11 Nov 2021CA$2.1bCA$171.2m-CA$212,805,928.00344.9x-9.8x12.2x
Sat, 09 Oct 2021CA$2.0bCA$167.3m-CA$211,644,794.00287.8x-9.5x12.1x
Mon, 06 Sep 2021CA$2.1bCA$166.0m-CA$212,779,288.83275.7x-10x12.8x
Wed, 04 Aug 2021CA$2.0bCA$166.0m-CA$212,779,288.83269.1x-9.5x12.2x
Sat, 08 May 2021CA$2.0bCA$151.3m-CA$190,007,029.99145.9x-10.8x13.5x
Price to Earnings Ratio

-11.6x


Total Market Cap: CA$2.2bTotal Earnings: -CA$191,610,967.99Total Revenue: CA$149.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -7.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 8.1x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have improved over the last three years.
  • Revenues for these companies have grown 16% 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 Market0.35%
Healthcare8.01%
Medical Equipment2.54%
Medical Equipment3.75%
Medical Supplies-1.34%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 118% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 118% per year over the next few years.

    Top Stock Gainers and Losers

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

    CompanyLast Price7D1YValuation
    PRN Profound MedicalCA$11.758.8%
    +CA$23.2m
    -14.2%PS29.4x
    MIR MedMiraCA$0.0912.5%
    +CA$7.1m
    -10.0%PS147.7x
    HTL Hamilton ThorneCA$1.321.5%
    +CA$3.0m
    -10.8%PS2.3x
    OPS OpsensCA$2.900.7%
    +CA$2.3m
    55.1%PS6.9x
    EVMT Evome Medical TechnologiesCA$0.2212.8%
    +CA$1.9m
    -38.0%PS0.3x
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    Latest News

    ASEP

    CA$0.16

    ASEP Medical Holdings

    7D

    14.3%

    1Y

    -39.6%

    PRN

    CA$11.75

    Profound Medical

    7D

    8.8%

    1Y

    -14.2%

    NSCI

    CA$0.42

    Nanalysis Scientific

    7D

    -3.4%

    1Y

    -30.0%

    EVMT

    CA$0.22

    Evome Medical Technologies

    7D

    12.8%

    1Y

    -38.0%

    ZEN

    CA$1.71

    Zentek

    7D

    -2.3%

    1Y

    -19.7%

    VPT

    CA$0.23

    VentriPoint Diagnostics

    7D

    -6.0%

    1Y

    17.5%

    MDX

    CA$0.065

    MedX Health

    7D

    8.3%

    1Y

    18.2%

    OTC

    CA$0.30

    Ocumetics Technology

    7D

    3.4%

    1Y

    -16.7%

    IDL

    CA$0.04

    Imaging Dynamics

    7D

    -27.3%

    1Y

    n/a

    MIR

    CA$0.09

    MedMira

    7D

    12.5%

    1Y

    -10.0%

    CGN

    CA$0.015

    Cognetivity Neurosciences

    7D

    -25.0%

    1Y

    -95.2%

    HTL

    CA$1.32

    Hamilton Thorne

    7D

    1.5%

    1Y

    -10.8%

    OPS

    CA$2.90

    Opsens

    7D

    0.7%

    1Y

    55.1%