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Canadian (TSX) Medical Equipment Industry Analysis

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies13
  • 7D-3.7%
  • 3M-5.0%
  • 1Y-29.7%
  • YTDn/a

Over the last 7 days, the Medical Equipment industry has dropped 3.7%, driven by a pullback from Profound Medical of 5.4%. Meanwhile, MedX Health actually outperformed within the industry, gaining 36% in the last week. However, the industry is down 30% over the past year. Looking forward, earnings are forecast to grow by 67% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Apr 2024CA$657.7mCA$240.1m-CA$95,726,347.230.7x-6.9x2.7x
Mon, 18 Mar 2024CA$702.7mCA$230.4m-CA$96,232,126.07n/a-7.3x3x
Wed, 14 Feb 2024CA$725.6mCA$229.2m-CA$102,880,118.23n/a-7.1x3.2x
Fri, 12 Jan 2024CA$1.1bCA$281.0m-CA$180,585,957.00n/a-6.3x4x
Sun, 10 Dec 2023CA$1.2bCA$283.1m-CA$180,301,966.00n/a-6.5x4.2x
Tue, 07 Nov 2023CA$1.2bCA$269.7m-CA$192,173,870.00233.2x-6.1x4.3x
Thu, 05 Oct 2023CA$1.0bCA$269.4m-CA$205,876,319.00194.5x-5.1x3.9x
Sat, 02 Sep 2023CA$1.1bCA$268.3m-CA$203,628,946.00210.5x-5.3x4x
Mon, 31 Jul 2023CA$1.2bCA$236.3m-CA$232,779,831.00107.7x-5x5x
Wed, 28 Jun 2023CA$1.2bCA$232.8m-CA$237,141,013.00114x-4.9x5x
Fri, 26 May 2023CA$1.2bCA$254.6m-CA$222,949,136.00117.8x-5.2x4.6x
Sun, 23 Apr 2023CA$1.2bCA$245.6m-CA$225,595,412.0092.2x-5.2x4.8x
Tue, 21 Mar 2023CA$1.1bCA$235.5m-CA$213,855,022.0088.7x-5.3x4.8x
Thu, 16 Feb 2023CA$1.3bCA$232.5m-CA$204,781,464.0096.7x-6.3x5.5x
Sat, 14 Jan 2023CA$1.4bCA$227.7m-CA$210,606,411.0094.9x-6.7x6.2x
Mon, 12 Dec 2022CA$1.1bCA$227.7m-CA$212,988,728.0097.5x-5.3x5x
Wed, 09 Nov 2022CA$1.2bCA$220.5m-CA$216,714,631.0084.4x-5.5x5.4x
Fri, 07 Oct 2022CA$1.2bCA$227.0m-CA$214,875,383.0090.6x-5.5x5.2x
Sun, 04 Sep 2022CA$1.3bCA$221.4m-CA$209,089,695.0086.9x-6.3x5.9x
Tue, 02 Aug 2022CA$1.4bCA$235.7m-CA$215,449,783.0084.7x-6.6x6x
Thu, 30 Jun 2022CA$1.3bCA$226.1m-CA$205,716,598.0080.2x-6.2x5.7x
Sat, 28 May 2022CA$1.4bCA$220.3m-CA$209,871,749.0077.4x-6.7x6.4x
Mon, 25 Apr 2022CA$1.5bCA$186.1m-CA$184,840,689.0081.1x-8.2x8.2x
Wed, 23 Mar 2022CA$1.7bCA$182.3m-CA$215,780,268.0078.8x-7.9x9.3x
Fri, 18 Feb 2022CA$1.6bCA$185.2m-CA$212,440,441.0088.3x-7.7x8.9x
Sun, 16 Jan 2022CA$1.7bCA$183.5m-CA$205,715,401.0092.4x-8.3x9.3x
Tue, 14 Dec 2021CA$1.8bCA$180.8m-CA$203,720,683.0087.7x-9x10.1x
Thu, 11 Nov 2021CA$2.0bCA$171.2m-CA$212,343,100.00344.9x-9.6x11.9x
Sat, 09 Oct 2021CA$2.0bCA$167.3m-CA$211,181,966.00287.8x-9.4x11.8x
Mon, 06 Sep 2021CA$2.1bCA$166.0m-CA$212,779,288.83275.7x-10x12.8x
Wed, 04 Aug 2021CA$2.0bCA$166.0m-CA$212,779,288.83269.1x-9.5x12.2x
Sat, 08 May 2021CA$2.0bCA$151.3m-CA$190,007,029.99145.9x-10.8x13.5x
Price to Earnings Ratio

-10.8x


Total Market Cap: CA$2.0bTotal Earnings: -CA$190,007,029.99Total Revenue: CA$151.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Medical Equipment Industry Price to Earnings3Y Average -7.1x202220232024
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 7.0x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Equipment industry have improved over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Comparison

How does Canadian Medical Equipment compare with similar industries?

CA Market-1.94%
Healthcare-3.87%
Medical Equipment-3.90%
Medical Equipment-3.67%
Medical Supplies-4.67%
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?

CompanyLast Price7D1YValuation
MDX MedX HealthCA$0.09535.7%
+CA$6.5m
11.8%PS41.3x
ASEP ASEP Medical HoldingsCA$0.1725.0%
+CA$2.6m
-12.5%n/a
OPS OpsensCA$2.900.7%
+CA$2.3m
55.1%PS6.9x
VPT VentriPoint DiagnosticsCA$0.212.4%
+CA$785.9k
34.4%PS941.7x
ASG Aurora SpineCA$0.301.7%
+CA$384.3k
13.2%PS1.2x
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Latest News

FREQ

CA$0.15

Frequency Exchange

7D

3.3%

1Y

93.8%

VPT

CA$0.21

VentriPoint Diagnostics

7D

2.4%

1Y

34.4%

TLT

CA$0.16

Theralase Technologies

7D

-11.1%

1Y

-36.0%

EVMT

CA$0.24

Evome Medical Technologies

7D

-5.8%

1Y

-18.3%

MIR

CA$0.075

MedMira

7D

-16.7%

1Y

-31.8%

THRM

CA$0.01

Therma Bright

7D

-33.3%

1Y

-85.7%

PRN

CA$10.25

Profound Medical

7D

-6.6%

1Y

-36.1%

ASG

CA$0.30

Aurora Spine

7D

1.7%

1Y

13.2%

TMD

CA$0.055

Titan Medical

7D

-15.4%

1Y

-73.8%

ASEP

CA$0.17

ASEP Medical Holdings

7D

25.0%

1Y

-12.5%

IZO

CA$0.13

Izotropic

7D

-10.7%

1Y

-60.3%

MDX

CA$0.095

MedX Health

7D

35.7%

1Y

11.8%

OPS

CA$2.90

Opsens

7D

0.7%

1Y

55.1%

NGMD

CA$0.12

NuGen Medical Devices

7D

-4.2%

1Y

-48.9%