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Updated 1m ago
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Devonian Health Group Inc.TSXV:GSD Stock Report

Market Cap CA$24.0m
Updated 1m ago
Share Price
n/a
1Y-4.2%
7D0%
1D-4.2%
Portfolio Value
​
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Devonian Health Group Inc.

TSXV:GSD Stock Report

Market Cap: CA$24.0m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Devonian Health Group (GSD) Stock Overview

Operates as a clinical stage biopharmaceutical corporation with novel therapeutic approaches targeting unmet medical needs in Canada and Internationally. More details

GSD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Has less than 1 year of cash runway

Earnings have declined by 12.3% per year over past 5 years

Highly volatile share price over the past 3 months compared to the Canadian market

Does not have a meaningful market cap (CA$24M)

+ 1 more risk

GSD Community Fair Values

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CA$
Current Price
CA$8.6350.8% undervalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-8m32m2016201920222025202620282031Revenue CA$20.9mEarnings CA$3.1m
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Devonian Health Group Inc. Competitors

1CM

Symbol: CNSX:EPIC
Market cap: CA$35.3m

Rubicon Organics

Symbol: TSXV:ROMJ
Market cap: CA$32.4m

MediPharm Labs

Symbol: TSX:LABS
Market cap: CA$29.9m

Rapid Dose Therapeutics

Symbol: CNSX:DOSE
Market cap: CA$13.6m

Price History & Performance

Summary of share price highs, lows and changes for Devonian Health Group
Historical stock prices
Current Share PriceCA$8.63
52 Week HighCA$15.00
52 Week LowCA$5.10
Beta1.24
1 Month Change-22.99%
3 Month Change-11.54%
1 Year Change-4.17%
3 Year Change2.68%
5 Year Change-52.87%
Change since IPO-82.03%

Recent News & Updates

Recent updates

Analysis Article • Nov 25

A Piece Of The Puzzle Missing From Devonian Health Group Inc.'s (CVE:GSD) 39% Share Price Climb

Devonian Health Group Inc. ( CVE:GSD ) shares have continued their recent momentum with a 39% gain in the last month...
Analysis Article • Sep 11

The Market Lifts Devonian Health Group Inc. (CVE:GSD) Shares 31% But It Can Do More

Devonian Health Group Inc. ( CVE:GSD ) shares have continued their recent momentum with a 31% gain in the last month...
Analysis Article • Jun 12

Take Care Before Jumping Onto Devonian Health Group Inc. (CVE:GSD) Even Though It's 29% Cheaper

Unfortunately for some shareholders, the Devonian Health Group Inc. ( CVE:GSD ) share price has dived 29% in the last...
Analysis Article • Apr 19

Market Cool On Devonian Health Group Inc.'s (CVE:GSD) Revenues Pushing Shares 28% Lower

Devonian Health Group Inc. ( CVE:GSD ) shares have retraced a considerable 28% in the last month, reversing a fair...
Analysis Article • Mar 02

Why Investors Shouldn't Be Surprised By Devonian Health Group Inc.'s (CVE:GSD) 41% Share Price Surge

Devonian Health Group Inc. ( CVE:GSD ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Dec 01

Investors Appear Satisfied With Devonian Health Group Inc.'s (CVE:GSD) Prospects As Shares Rocket 33%

Devonian Health Group Inc. ( CVE:GSD ) shares have had a really impressive month, gaining 33% after a shaky period...
Analysis Article • Mar 20

Is Devonian Health Group (CVE:GSD) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 01

Is Devonian Health Group (CVE:GSD) Using Debt In A Risky Way?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Aug 18

Is Devonian Health Group (CVE:GSD) Weighed On By Its Debt Load?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Apr 24

Does Devonian Health Group (CVE:GSD) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Mar 02

Does Devonian Health Group's (CVE:GSD) CEO Salary Compare Well With Industry Peers?

Andre Boulet became the CEO of Devonian Health Group Inc. ( CVE:GSD ) in 2015, and we think it's a good time to look at...

Shareholder Returns

GSDCA PharmaceuticalsCA Market
7D0%-3.0%0.5%
1Y-4.2%7.6%21.0%

Return vs Industry: GSD underperformed the Canadian Pharmaceuticals industry which returned 7.6% over the past year.

Return vs Market: GSD underperformed the Canadian Market which returned 21% over the past year.

Price Volatility

Is GSD's price volatile compared to industry and market?
GSD volatility
GSD Average Weekly Movement39.8%
Pharmaceuticals Industry Average Movement8.3%
Market Average Movement9.0%
10% most volatile stocks in CA Market16.1%
10% least volatile stocks in CA Market3.6%

Stable Share Price: GSD's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: Insufficient data to determine GSD's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
201710Andre Bouletgroupedevonian.com

Devonian Health Group Inc. operates as a clinical stage biopharmaceutical corporation with novel therapeutic approaches targeting unmet medical needs in Canada and Internationally. It engages in the development of botanical drugs. Its lead product candidate is Thykamine that is in phase 3 clinical trial for the treatment of Atopic dermatitis in adult population; in phase 2/3 clinical trial for Atopic dermatitis in pediatric population; in phase 2 clinical trial for HFS associated to chemotherapy; and in phase 2/3 clinical trial for radiodermatitis associated to radiotherapy, as well as in phase 2a clinical trial for ulcerative colitis.

Devonian Health Group Inc. Fundamentals Summary

How do Devonian Health Group's earnings and revenue compare to its market cap?
GSD fundamental statistics
Market capCA$23.98m
Earnings (TTM)-CA$6.11m
Revenue (TTM)CA$3.00m
8.0x
P/S Ratio
-3.9x
P/E Ratio

Is GSD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GSD income statement (TTM)
RevenueCA$3.00m
Cost of RevenueCA$961.82k
Gross ProfitCA$2.03m
Other ExpensesCA$8.15m
Earnings-CA$6.11m

Last Reported Earnings

Apr 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-2.20
Gross Margin67.89%
Net Profit Margin-204.08%
Debt/Equity Ratio0%

How did GSD perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/22 14:25
End of Day Share Price 2026/09/15 00:00
Earnings2026/04/30
Annual Earnings2025/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Devonian Health Group Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

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