Profound Medical (TSE:PRN) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
Sep 11
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Canadian (TSX) Medical Equipment Industry Analysis
UpdatedSep 25, 2025
DataAggregated Company Financials
Companies11
- 7D9.3%
- 3M-17.0%
- 1Y-18.7%
- YTD-29.7%
In the last week, the Medical Equipment industry is up 9.3%, with Profound Medical up 38%. Meanwhile, Zentek actually underperformed within the industry, shrinking 7.8% in the last week. In contrast, the industry has lost 19% in the last 12 months. Looking forward, earnings are forecast to grow by 41% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Sep 2025 | CA$532.8m | CA$89.4m | -CA$109,501,868.83 | n/a | -4.9x | 6x |
| Sat, 23 Aug 2025 | CA$474.9m | CA$90.0m | -CA$108,081,954.60 | n/a | -4.4x | 5.3x |
| Mon, 21 Jul 2025 | CA$564.7m | CA$89.9m | -CA$101,269,936.29 | n/a | -5.6x | 6.3x |
| Wed, 18 Jun 2025 | CA$655.6m | CA$88.7m | -CA$101,620,454.23 | n/a | -6.5x | 7.4x |
| Fri, 16 May 2025 | CA$575.5m | CA$89.9m | -CA$104,049,853.76 | n/a | -5.5x | 6.4x |
| Sun, 13 Apr 2025 | CA$526.4m | CA$85.7m | -CA$97,846,808.01 | n/a | -5.4x | 6.1x |
| Tue, 11 Mar 2025 | CA$669.4m | CA$86.8m | -CA$102,870,602.19 | n/a | -6.5x | 7.7x |
| Thu, 06 Feb 2025 | CA$701.4m | CA$82.4m | -CA$98,740,505.45 | n/a | -7.1x | 8.5x |
| Sat, 04 Jan 2025 | CA$741.1m | CA$84.2m | -CA$118,050,498.16 | n/a | -6.3x | 8.8x |
| Mon, 02 Dec 2024 | CA$646.1m | CA$83.1m | -CA$115,663,866.43 | n/a | -5.6x | 7.8x |
| Wed, 30 Oct 2024 | CA$927.3m | CA$178.6m | -CA$112,614,824.01 | n/a | -8.2x | 5.2x |
| Fri, 27 Sep 2024 | CA$865.2m | CA$173.7m | -CA$118,762,286.72 | n/a | -7.3x | 5x |
| Sun, 25 Aug 2024 | CA$934.1m | CA$170.5m | -CA$121,562,179.82 | n/a | -7.7x | 5.5x |
| Tue, 23 Jul 2024 | CA$894.8m | CA$191.3m | -CA$106,951,200.68 | 0.5x | -8.4x | 4.7x |
| Thu, 20 Jun 2024 | CA$866.5m | CA$190.8m | -CA$107,322,626.75 | 0.5x | -8.1x | 4.5x |
| Sat, 18 May 2024 | CA$893.8m | CA$246.8m | -CA$107,272,052.30 | 0.5x | -8.3x | 3.6x |
| Mon, 15 Apr 2024 | CA$881.4m | CA$236.4m | -CA$100,585,832.58 | 0.8x | -8.8x | 3.7x |
| Wed, 13 Mar 2024 | CA$888.1m | CA$229.9m | -CA$111,503,548.94 | n/a | -8x | 3.9x |
| Fri, 09 Feb 2024 | CA$939.6m | CA$228.1m | -CA$118,501,878.68 | n/a | -7.9x | 4.1x |
| Sun, 07 Jan 2024 | CA$1.4b | CA$280.8m | -CA$195,553,654.00 | n/a | -7x | 4.9x |
| Tue, 05 Dec 2023 | CA$1.4b | CA$282.6m | -CA$196,142,557.00 | n/a | -7x | 4.9x |
| Thu, 02 Nov 2023 | CA$1.4b | CA$271.2m | -CA$222,160,760.00 | 209x | -6.1x | 5x |
| Sat, 30 Sep 2023 | CA$1.3b | CA$268.4m | -CA$220,974,308.00 | 209.3x | -5.8x | 4.8x |
| Mon, 28 Aug 2023 | CA$1.3b | CA$272.0m | -CA$220,298,834.00 | 219.5x | -5.9x | 4.7x |
| Wed, 26 Jul 2023 | CA$1.4b | CA$235.9m | -CA$249,176,270.00 | 108.6x | -5.8x | 6.1x |
| Fri, 23 Jun 2023 | CA$1.4b | CA$232.7m | -CA$256,053,498.00 | 110.3x | -5.5x | 6x |
| Sun, 21 May 2023 | CA$1.4b | CA$254.8m | -CA$241,072,109.00 | 118.6x | -5.9x | 5.6x |
| Tue, 18 Apr 2023 | CA$1.4b | CA$244.5m | -CA$244,978,754.00 | 93.8x | -5.7x | 5.7x |
| Thu, 16 Mar 2023 | CA$1.4b | CA$236.5m | -CA$234,769,259.00 | 92.3x | -5.9x | 5.9x |
| Sat, 11 Feb 2023 | CA$1.6b | CA$232.5m | -CA$223,546,649.00 | 95.2x | -6.9x | 6.7x |
| Mon, 09 Jan 2023 | CA$1.6b | CA$226.3m | -CA$228,725,244.00 | 99.4x | -6.8x | 6.9x |
| Wed, 07 Dec 2022 | CA$1.4b | CA$228.5m | -CA$245,423,701.00 | 93.2x | -5.9x | 6.3x |
| Fri, 04 Nov 2022 | CA$1.4b | CA$223.0m | -CA$237,983,790.00 | 88.4x | -5.9x | 6.3x |
| Sun, 02 Oct 2022 | CA$1.5b | CA$227.4m | -CA$233,651,791.00 | 93.3x | -6.3x | 6.5x |
Price to Earnings Ratio
-6.3x
Current Industry PE
- Investors are relatively neutral on the Canadian Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 5.8x.
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 27% 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 | 1.43% | |
| Healthcare | 4.21% | |
| Medical Equipment | 9.30% | |
| Medical Equipment | 16.71% | |
| Medical Supplies | -7.75% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 41% 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$7.48 | 38.0% +CA$61.9m | -25.9% | PS13.7x | |
| OTC Ocumetics Technology | CA$1.26 | 23.5% +CA$30.2m | 281.8% | PE-42.8x | |
| CNVI Conavi Medical | CA$0.54 | 12.5% +CA$4.6m | n/a | PS4.5x | |
| MIR MedMira | CA$0.085 | 6.3% +CA$3.5m | 0% | PS234.6x | |
| THRM Therma Bright | CA$0.10 | 61.5% +CA$2.3m | -76.1% | PS194.8x |