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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies15
  • 7D0.7%
  • 3M-4.4%
  • 1Y-30.6%
  • YTD1.5%

The Medical Equipment is pretty flat in the last 7 days, but Zentek has stood out, gaining 6.3%. As for the longer term, the industry has declined 31% in the last year. Looking forward, earnings are forecast to grow by 119% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Feb 2024CA$912.1mCA$228.6m-CA$118,111,992.66n/a-7.7x4x
Thu, 25 Jan 2024CA$1.3bCA$282.3m-CA$197,007,022.00n/a-6.8x4.8x
Sat, 23 Dec 2023CA$1.3bCA$279.8m-CA$195,200,982.00n/a-6.8x4.7x
Mon, 20 Nov 2023CA$1.4bCA$281.5m-CA$196,599,272.00n/a-7.1x4.9x
Wed, 18 Oct 2023CA$1.4bCA$269.0m-CA$221,231,993.00221.7x-6.3x5.1x
Fri, 15 Sep 2023CA$1.3bCA$267.8m-CA$220,696,313.00217.9x-5.7x4.7x
Sun, 13 Aug 2023CA$1.4bCA$237.5m-CA$252,833,100.00102.9x-5.4x5.7x
Tue, 11 Jul 2023CA$1.4bCA$233.6m-CA$253,948,190.00111.6x-5.6x6.1x
Thu, 08 Jun 2023CA$1.5bCA$234.5m-CA$267,867,923.00115.2x-5.5x6.3x
Sat, 06 May 2023CA$1.4bCA$247.6m-CA$240,679,780.0094.4x-6x5.8x
Mon, 03 Apr 2023CA$1.4bCA$235.3m-CA$227,255,803.0090.9x-6x5.8x
Wed, 01 Mar 2023CA$1.5bCA$235.0m-CA$227,290,295.0094.3x-6.8x6.6x
Fri, 27 Jan 2023CA$1.6bCA$232.4m-CA$227,824,006.0094.1x-7.2x7.1x
Sun, 25 Dec 2022CA$1.5bCA$227.6m-CA$231,866,248.00101.3x-6.6x6.7x
Tue, 22 Nov 2022CA$1.4bCA$222.0m-CA$235,871,355.0082.7x-5.9x6.2x
Thu, 20 Oct 2022CA$1.3bCA$234.0m-CA$242,736,071.0090.2x-5.5x5.7x
Sat, 17 Sep 2022CA$1.6bCA$223.4m-CA$229,444,269.0085.7x-6.8x7x
Mon, 15 Aug 2022CA$1.7bCA$222.4m-CA$245,121,783.0085x-7x7.8x
Wed, 13 Jul 2022CA$1.7bCA$227.5m-CA$228,360,502.0079.5x-7.4x7.5x
Fri, 10 Jun 2022CA$1.7bCA$224.5m-CA$222,139,825.0077.5x-7.6x7.6x
Sun, 08 May 2022CA$1.8bCA$191.4m-CA$215,685,496.0077x-8.1x9.2x
Tue, 05 Apr 2022CA$2.1bCA$174.4m-CA$188,949,041.0090.3x-11x11.9x
Thu, 03 Mar 2022CA$1.7bCA$184.8m-CA$212,440,785.0085.9x-7.8x9x
Sat, 29 Jan 2022CA$1.7bCA$185.0m-CA$208,363,833.0087.4x-8x9x
Mon, 27 Dec 2021CA$1.9bCA$180.9m-CA$204,045,570.0090.3x-9.5x10.7x
Wed, 24 Nov 2021CA$2.0bCA$179.6m-CA$222,489,063.00308.7x-9x11.2x
Fri, 22 Oct 2021CA$2.1bCA$169.9m-CA$210,922,831.00288.5x-9.7x12.1x
Sun, 19 Sep 2021CA$2.1bCA$169.1m-CA$217,905,198.00264.1x-9.6x12.4x
Tue, 17 Aug 2021CA$2.0bCA$166.0m-CA$212,779,288.83265.5x-9.5x12.2x
Tue, 01 Jun 2021CA$2.0bCA$154.5m-CA$193,446,981.35235.4x-10.3x12.9x
Fri, 05 Mar 2021CA$2.0bCA$122.7m-CA$131,946,890.49160.1x-15.1x16.3x
Price to Earnings Ratio

-15.1x


Total Market Cap: CA$2.0bTotal Earnings: -CA$131,946,890.49Total Revenue: CA$122.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -7.9x202220232024
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 8.4x 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 23% 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 Market0.64%
Healthcare2.44%
Medical Equipment0.69%
Medical Supplies4.45%
Medical Equipment-0.37%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 119% over the next 5 years.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 119% 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
    ZEN ZentekCA$1.706.3%
    +CA$10.1m
    -18.7%PS5099.6x
    HTL Hamilton ThorneCA$1.321.5%
    +CA$3.0m
    -15.9%PS2.3x
    OPS OpsensCA$2.900.7%
    +CA$2.3m
    55.1%PS6.9x
    FREQ Frequency ExchangeCA$0.1530.4%
    +CA$1.5m
    114.3%PS8.1x
    SCYB ScrybCA$0.0320.0%
    +CA$1.3m
    -73.9%PS4.8x
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    Latest News

    EVMT

    CA$0.20

    Evome Medical Technologies

    7D

    5.1%

    1Y

    -51.8%

    ZEN

    CA$1.70

    Zentek

    7D

    6.3%

    1Y

    -18.7%

    THRM

    CA$0.02

    Therma Bright

    7D

    -20.0%

    1Y

    -78.9%

    TLT

    CA$0.20

    Theralase Technologies

    7D

    2.5%

    1Y

    -45.3%

    VPT

    CA$0.28

    VentriPoint Diagnostics

    7D

    -1.7%

    1Y

    9.6%

    SCYB

    CA$0.03

    Scryb

    7D

    20.0%

    1Y

    -73.9%

    MDX

    CA$0.025

    MedX Health

    7D

    -37.5%

    1Y

    -61.5%

    OTC

    CA$0.31

    Ocumetics Technology

    7D

    -3.1%

    1Y

    -16.2%

    MIR

    CA$0.095

    MedMira

    7D

    -9.5%

    1Y

    -26.9%

    HTL

    CA$1.32

    Hamilton Thorne

    7D

    1.5%

    1Y

    -15.9%

    OPS

    CA$2.90

    Opsens

    7D

    0.7%

    1Y

    55.1%

    VTAL

    CA$0.01

    Justera Health

    7D

    -50.0%

    1Y

    -50.0%

    ASEP

    CA$0.14

    ASEP Medical Holdings

    7D

    -27.5%

    1Y

    -47.3%

    FREQ

    CA$0.15

    Frequency Exchange

    7D

    30.4%

    1Y

    114.3%

    NGMD

    CA$0.12

    NuGen Medical Devices

    7D

    4.3%

    1Y

    -14.3%