Canadian (TSX) Medical Equipment Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies18
- 7D-0.7%
- 3M-9.0%
- 1Y-10.7%
- YTD-12.3%
Over the last 7 days, the Medical Equipment industry has dropped 2.0%, driven by Profound Medical declining 10%. On the other hand Opsens is actually up 14%. However, the industry is down 10% over the past year. As for the next few years, earnings are expected to grow by 65% 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 |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | CA$1.2b | CA$253.7m | -CA$225,426,829.00 | 116.4x | -5.2x | 4.6x |
| Thu, 27 Apr 2023 | CA$1.1b | CA$246.5m | -CA$226,203,430.00 | 92.1x | -5.1x | 4.6x |
| Sat, 25 Mar 2023 | CA$1.1b | CA$236.0m | -CA$214,354,477.00 | 91.9x | -5.1x | 4.7x |
| Mon, 20 Feb 2023 | CA$1.3b | CA$233.3m | -CA$205,568,864.00 | 99.8x | -6.3x | 5.5x |
| Wed, 18 Jan 2023 | CA$1.4b | CA$232.8m | -CA$210,592,160.00 | 96.8x | -6.9x | 6.2x |
| Fri, 16 Dec 2022 | CA$1.2b | CA$228.0m | -CA$213,308,453.00 | 103.2x | -5.7x | 5.3x |
| Sun, 13 Nov 2022 | CA$1.1b | CA$218.8m | -CA$217,346,469.00 | 82.2x | -5.2x | 5.2x |
| Tue, 11 Oct 2022 | CA$1.2b | CA$227.2m | -CA$215,073,581.00 | 92.1x | -5.4x | 5.1x |
| Thu, 08 Sep 2022 | CA$1.3b | CA$221.7m | -CA$209,413,850.00 | 86.1x | -6.1x | 5.8x |
| Sat, 06 Aug 2022 | CA$1.4b | CA$236.1m | -CA$215,007,248.00 | 81.9x | -6.6x | 6x |
| Mon, 04 Jul 2022 | CA$1.4b | CA$226.3m | -CA$212,149,633.00 | 83.7x | -6.4x | 6x |
| Wed, 01 Jun 2022 | CA$1.4b | CA$219.4m | -CA$209,135,595.00 | 78.5x | -6.7x | 6.4x |
| Fri, 29 Apr 2022 | CA$1.5b | CA$187.3m | -CA$185,884,589.00 | 78.4x | -7.9x | 7.8x |
| Sun, 27 Mar 2022 | CA$1.7b | CA$156.3m | -CA$158,497,238.00 | 79.9x | -10.6x | 10.8x |
| Tue, 22 Feb 2022 | CA$1.6b | CA$185.7m | -CA$212,975,236.00 | 88.8x | -7.7x | 8.9x |
| Thu, 20 Jan 2022 | CA$1.7b | CA$182.8m | -CA$205,314,904.00 | 93.6x | -8.1x | 9.1x |
| Sat, 18 Dec 2021 | CA$1.9b | CA$180.8m | -CA$203,762,004.00 | 88.5x | -9.3x | 10.5x |
| Mon, 15 Nov 2021 | CA$2.0b | CA$172.4m | -CA$219,161,413.00 | 337.4x | -9x | 11.4x |
| Wed, 13 Oct 2021 | CA$2.0b | CA$167.1m | -CA$210,950,866.00 | 295.3x | -9.4x | 11.8x |
| Fri, 10 Sep 2021 | CA$2.1b | CA$166.0m | -CA$212,779,288.83 | 275.4x | -9.8x | 12.6x |
| Sun, 08 Aug 2021 | CA$2.2b | CA$166.0m | -CA$212,779,288.83 | 271.2x | -10.1x | 13x |
| Sat, 01 May 2021 | CA$2.0b | CA$151.3m | -CA$190,007,029.99 | 145.9x | -10.8x | 13.5x |
| Tue, 02 Feb 2021 | CA$1.9b | CA$122.0m | -CA$132,777,765.61 | 153.8x | -14x | 15.2x |
| Fri, 06 Nov 2020 | CA$1.2b | CA$129.2m | -CA$126,339,558.22 | 139.1x | -9.5x | 9.3x |
| Mon, 10 Aug 2020 | CA$1.1b | CA$125.8m | -CA$122,490,619.38 | 168.4x | -9x | 8.8x |
Price to Earnings Ratio
-6.4x
Current Industry PE
- Investors are pessimistic on the Canadian Healthcare Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Healthcare Equipment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 30% 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 Comparison
How does Canadian Medical Equipment compare with similar industries?
| CA Market | -1.72% | |
| Healthcare | -1.42% | |
| Medical Equipment | -0.34% | |
| Medical Equipment | -0.71% | |
| Medical Supplies | 1.43% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OPS Opsens | CA$1.74 | 20.8% +CA$34.6m | -17.5% | PS5x | |
| VPT VentriPoint Diagnostics | CA$0.18 | 16.1% +CA$3.9m | -36.8% | PS414.1x | |
| ASEP ASEP Medical Holdings | CA$0.23 | 28.6% +CA$3.1m | n/a | n/a | |
| FREQ Frequency Exchange | CA$0.095 | 58.3% +CA$1.3m | -29.6% | PS5x | |
| THRM Therma Bright | CA$0.06 | 9.1% +CA$1.2m | -62.5% | PS102.1x |