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Canadian (TSX) Medical Equipment Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies11
- 7D4.5%
- 3M4.8%
- 1Y6.1%
- YTD10.7%
Over the last 7 days, the Medical Equipment industry has risen 6.7%, driven by gains from Zentek of 29%. In the last 12 months, the industry was up 3.7%. As for the next few years, earnings are expected to grow by 102% per annum.
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, 21 Nov 2024 | CA$1.0b | CA$186.0m | -CA$124,430,763.27 | n/a | -8.1x | 5.4x |
| Sat, 19 Oct 2024 | CA$911.2m | CA$176.4m | -CA$112,605,645.65 | n/a | -8.1x | 5.2x |
| Mon, 16 Sep 2024 | CA$890.7m | CA$174.9m | -CA$119,325,353.90 | n/a | -7.5x | 5.1x |
| Wed, 14 Aug 2024 | CA$937.9m | CA$191.6m | -CA$105,572,385.72 | 0.5x | -8.9x | 4.9x |
| Fri, 12 Jul 2024 | CA$837.3m | CA$190.0m | -CA$106,533,310.07 | 0.5x | -7.9x | 4.4x |
| Sun, 09 Jun 2024 | CA$853.3m | CA$190.7m | -CA$105,893,326.01 | 0.5x | -8.1x | 4.5x |
| Tue, 07 May 2024 | CA$860.4m | CA$242.3m | -CA$109,707,182.33 | 0.7x | -7.8x | 3.6x |
| Thu, 04 Apr 2024 | CA$887.0m | CA$233.8m | -CA$99,813,784.59 | 0.8x | -8.9x | 3.8x |
| Sat, 02 Mar 2024 | CA$941.4m | CA$229.1m | -CA$118,285,652.16 | n/a | -8x | 4.1x |
| Mon, 29 Jan 2024 | CA$1.4b | CA$281.5m | -CA$196,742,749.00 | n/a | -7x | 4.9x |
| Wed, 27 Dec 2023 | CA$1.3b | CA$279.7m | -CA$195,188,601.00 | n/a | -6.8x | 4.7x |
| Fri, 24 Nov 2023 | CA$1.4b | CA$286.5m | -CA$194,143,033.00 | n/a | -7x | 4.7x |
| Sun, 22 Oct 2023 | CA$1.4b | CA$269.7m | -CA$221,520,143.00 | 228.3x | -6.3x | 5.1x |
| Tue, 19 Sep 2023 | CA$1.3b | CA$267.5m | -CA$220,589,262.00 | 206.2x | -5.8x | 4.8x |
| Thu, 17 Aug 2023 | CA$1.3b | CA$267.3m | -CA$217,064,649.00 | 104.6x | -6.1x | 4.9x |
| Sat, 15 Jul 2023 | CA$1.5b | CA$236.3m | -CA$254,904,459.00 | 112x | -5.8x | 6.2x |
| Mon, 12 Jun 2023 | CA$1.5b | CA$234.4m | -CA$266,174,180.00 | 117x | -5.6x | 6.3x |
| Wed, 10 May 2023 | CA$1.4b | CA$247.6m | -CA$240,631,202.00 | 96.7x | -5.9x | 5.7x |
| Fri, 07 Apr 2023 | CA$1.4b | CA$202.1m | -CA$226,967,117.00 | 92.2x | -6x | 6.8x |
| Sun, 05 Mar 2023 | CA$1.5b | CA$234.6m | -CA$234,178,268.00 | 97.1x | -6.6x | 6.6x |
| Tue, 31 Jan 2023 | CA$1.6b | CA$233.0m | -CA$228,418,705.00 | 93.1x | -7.1x | 7x |
| Thu, 29 Dec 2022 | CA$1.5b | CA$227.8m | -CA$230,272,604.00 | 101.2x | -6.6x | 6.7x |
| Sat, 26 Nov 2022 | CA$1.4b | CA$222.5m | -CA$240,555,860.00 | 88.3x | -5.6x | 6.1x |
| Mon, 24 Oct 2022 | CA$1.4b | CA$233.5m | -CA$241,020,577.00 | 90.6x | -5.8x | 5.9x |
| Wed, 21 Sep 2022 | CA$1.5b | CA$224.0m | -CA$230,064,793.00 | 89.2x | -6.7x | 6.9x |
| Fri, 19 Aug 2022 | CA$1.8b | CA$223.5m | -CA$246,275,271.00 | 86.2x | -7.1x | 7.9x |
| Sun, 17 Jul 2022 | CA$1.7b | CA$237.8m | -CA$233,359,386.00 | 78.3x | -7.2x | 7.1x |
| Tue, 14 Jun 2022 | CA$1.6b | CA$226.6m | -CA$223,968,389.00 | 70.9x | -7.1x | 7x |
| Thu, 12 May 2022 | CA$1.6b | CA$192.9m | -CA$217,206,362.00 | 66.1x | -7.1x | 8x |
| Sat, 09 Apr 2022 | CA$1.9b | CA$186.5m | -CA$189,747,243.00 | 90.7x | -10.2x | 10.3x |
| Mon, 07 Mar 2022 | CA$1.7b | CA$183.4m | -CA$215,965,300.00 | 82.6x | -8x | 9.4x |
| Wed, 02 Feb 2022 | CA$1.7b | CA$185.2m | -CA$212,981,557.00 | 87x | -8.2x | 9.4x |
| Fri, 31 Dec 2021 | CA$1.9b | CA$180.7m | -CA$203,737,251.00 | 89.2x | -9.3x | 10.5x |
| Sun, 28 Nov 2021 | CA$2.0b | CA$180.8m | -CA$225,221,959.00 | 93x | -8.9x | 11.1x |
Price to Earnings Ratio
-8.9x
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 6.3x is higher than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 0.67% | |
| Healthcare | -3.55% | |
| Medical Equipment | 4.48% | |
| Medical Supplies | 28.57% | |
| Medical Equipment | 0.48% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 102% over the next 5 years.
- In contrast, the Medical Equipment industry is expected to see its earnings grow by 102% 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 | |
|---|---|---|---|---|---|
| ZEN Zentek | CA$1.71 | 28.6% +CA$39.5m | 11.8% | PS4521.6x | |
| PINK Perimeter Medical Imaging AI | CA$0.66 | 50.0% +CA$20.5m | -17.5% | PS61.3x | |
| OPS Opsens | CA$2.90 | 0.7% +CA$2.3m | 55.1% | PS6.9x | |
| HTL Hamilton Thorne | CA$2.25 | 0.4% +CA$1.5m | 80.0% | PS3.2x | |
| ASG Aurora Spine | CA$0.45 | 3.4% +CA$1.2m | 8.4% | PS1.5x |