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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies21
  • 7D2.7%
  • 3M-13.1%
  • 1Y-46.7%
  • YTD-44.9%

In the last week, the Medical Equipment industry is up 2.7%, with Opsens up 8.5%. In contrast, the industry has lost 47% in the last 12 months. Earnings are forecast to grow by 58% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022CA$1.4bCA$227.6m-CA$243,274,528.0084.2x-5.7x6.1x
Sat, 29 Oct 2022CA$1.4bCA$222.8m-CA$237,837,812.0091.3x-6x6.4x
Mon, 26 Sep 2022CA$1.5bCA$226.0m-CA$232,131,971.0090x-6.3x6.5x
Wed, 24 Aug 2022CA$1.7bCA$225.9m-CA$246,778,595.0092.5x-6.9x7.6x
Fri, 22 Jul 2022CA$1.7bCA$236.6m-CA$232,303,098.0086.4x-7.4x7.3x
Sun, 19 Jun 2022CA$1.6bCA$228.5m-CA$225,588,434.0073x-6.9x6.8x
Tue, 17 May 2022CA$1.6bCA$192.8m-CA$220,074,930.0069.4x-7.2x8.2x
Thu, 14 Apr 2022CA$1.9bCA$186.7m-CA$189,896,255.0090.1x-10.1x10.3x
Sat, 12 Mar 2022CA$1.7bCA$183.0m-CA$215,410,675.0079x-7.7x9x
Mon, 07 Feb 2022CA$1.7bCA$185.9m-CA$213,796,433.0085.6x-7.9x9.1x
Wed, 05 Jan 2022CA$1.9bCA$180.0m-CA$204,205,127.0090.6x-9.2x10.4x
Fri, 03 Dec 2021CA$2.0bCA$180.9m-CA$230,878,238.0090.7x-8.5x10.9x
Sun, 31 Oct 2021CA$2.1bCA$170.5m-CA$212,457,238.00302.6x-9.7x12.1x
Tue, 28 Sep 2021CA$2.2bCA$168.2m-CA$216,642,005.00301.3x-10.1x12.9x
Thu, 26 Aug 2021CA$2.0bCA$166.0m-CA$212,779,288.83261.1x-9.5x12.2x
Fri, 02 Jul 2021CA$2.1bCA$166.0m-CA$212,779,288.83237x-10x12.8x
Mon, 05 Apr 2021CA$2.2bCA$149.6m-CA$191,610,967.99131.7x-11.6x14.9x
Thu, 07 Jan 2021CA$1.4bCA$119.5m-CA$159,794,689.61156.7x-8.7x11.7x
Wed, 30 Sep 2020CA$1.2bCA$126.9m-CA$125,371,010.22155.6x-9.7x9.5x
Sat, 04 Jul 2020CA$935.7mCA$123.8m-CA$113,844,282.38150.8x-8.2x7.6x
Tue, 07 Apr 2020CA$621.9mCA$117.3m-CA$123,771,949.8062.2x-5x5.3x
Fri, 10 Jan 2020CA$646.2mCA$105.9m-CA$77,240,578.43128.5x-8.4x6.1x
Price to Earnings Ratio

-4x


Total Market Cap: CA$593.6mTotal Earnings: -CA$149,469,470.70Total Revenue: CA$104.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -8.8x202020212022
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 9.7x is higher than the industry's current PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 29% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare industry?

CA Market0.70%
Healthcare0.36%
Medical Equipment2.74%
Medical Supplies3.32%
Medical Equipment2.60%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 58% over the next 5 years.
    • This is better than its past earnings decline of 31% per year.
    • In contrast, the Medical Equipment industry is expected to see its earnings grow by 58% 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
    OPS OpsensCA$2.188.5%
    +CA$18.5m
    -36.1%PS6.7x
    TMD Titan MedicalCA$0.6518.2%
    +CA$11.2m
    -30.9%PS5.4x
    ZEN ZentekCA$2.223.7%
    +CA$8.0m
    -64.3%PS902.4x
    PINK Perimeter Medical Imaging AICA$1.369.7%
    +CA$7.7m
    -55.3%PS185.3x
    NVCN NeovascCA$12.0030.4%
    +CA$7.7m
    -46.7%PS7.8x
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    Latest News

    NSCI

    CA$0.70

    Nanalysis Scientific

    7D

    -5.4%

    1Y

    -51.4%

    THRM

    CA$0.10

    Therma Bright

    7D

    10.5%

    1Y

    -73.1%

    NVCN

    CA$12.00

    Neovasc

    7D

    30.4%

    1Y

    -46.7%

    HTL

    CA$1.39

    Hamilton Thorne

    7D

    -4.1%

    1Y

    -33.8%

    OPS

    CA$2.18

    Opsens

    7D

    8.5%

    1Y

    -36.1%

    TLT

    CA$0.29

    Theralase Technologies

    7D

    -6.5%

    1Y

    11.5%

    SCYB

    CA$0.10

    Scryb

    7D

    10.5%

    1Y

    -41.7%

    ZEN

    CA$2.22

    Zentek

    7D

    3.7%

    1Y

    -64.3%

    TMD

    CA$0.65

    Titan Medical

    7D

    18.2%

    1Y

    -30.9%

    PRN

    CA$6.50

    Profound Medical

    7D

    -1.5%

    1Y

    -52.4%

    LXG

    CA$0.20

    LexaGene Holdings

    7D

    -18.0%

    1Y

    -55.4%

    PUMP

    CA$0.015

    World Class Extractions

    7D

    50.0%

    1Y

    0%

    VPT

    CA$0.25

    VentriPoint Diagnostics

    7D

    -7.4%

    1Y

    -25.4%

    NGMD

    CA$0.065

    NuGen Medical Devices

    7D

    -18.8%

    1Y

    -80.3%

    MIR

    CA$0.07

    MedMira

    7D

    -6.7%

    1Y

    -46.2%