Does Profound Medical (TSE:PRN) Have A Healthy Balance Sheet?
May 03
Canadian (TSX) Medical Equipment Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies13
- 7D1.3%
- 3M-8.0%
- 1Y-32.2%
- YTDn/a
Nanalysis Scientific is up 13%, leading the way for the Medical Equipment industry, which has gained 1.3%. During this same period, the ASEP Medical Holdings underperformed, falling 35%. In the past year, the industry is down 32%. As for the next few years, earnings are expected to grow by 68% 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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CA$664.2m | CA$242.9m | -CA$94,227,592.56 | 0.7x | -7x | 2.7x |
| Fri, 05 Apr 2024 | CA$686.3m | CA$234.0m | -CA$84,417,373.41 | 0.8x | -8.1x | 2.9x |
| Sun, 03 Mar 2024 | CA$736.7m | CA$229.5m | -CA$97,113,387.16 | n/a | -7.6x | 3.2x |
| Tue, 30 Jan 2024 | CA$1.2b | CA$281.2m | -CA$180,628,117.00 | n/a | -6.5x | 4.1x |
| Thu, 28 Dec 2023 | CA$1.1b | CA$279.2m | -CA$179,030,137.00 | n/a | -6.3x | 4x |
| Sat, 25 Nov 2023 | CA$1.2b | CA$285.9m | -CA$178,183,419.00 | n/a | -6.5x | 4x |
| Mon, 23 Oct 2023 | CA$1.2b | CA$269.7m | -CA$205,755,758.00 | 228.3x | -5.7x | 4.4x |
| Wed, 20 Sep 2023 | CA$1.1b | CA$267.0m | -CA$204,617,967.00 | 203.9x | -5.2x | 4x |
| Fri, 18 Aug 2023 | CA$1.1b | CA$267.2m | -CA$202,115,097.00 | 98.6x | -5.4x | 4.1x |
| Sun, 16 Jul 2023 | CA$1.2b | CA$236.2m | -CA$238,112,833.00 | 112x | -5.1x | 5.2x |
| Tue, 13 Jun 2023 | CA$1.2b | CA$234.3m | -CA$238,317,064.00 | 111.5x | -5.1x | 5.2x |
| Thu, 11 May 2023 | CA$1.2b | CA$247.3m | -CA$221,662,281.00 | 91.1x | -5.3x | 4.8x |
| Sat, 08 Apr 2023 | CA$1.1b | CA$203.1m | -CA$222,061,372.00 | 92x | -5x | 5.5x |
| Mon, 06 Mar 2023 | CA$1.3b | CA$234.4m | -CA$213,943,119.00 | 97.1x | -6x | 5.4x |
| Wed, 01 Feb 2023 | CA$1.4b | CA$231.7m | -CA$203,981,158.00 | 94.9x | -6.9x | 6x |
| Fri, 30 Dec 2022 | CA$1.3b | CA$226.9m | -CA$210,462,939.00 | 98.1x | -6.1x | 5.6x |
| Sun, 27 Nov 2022 | CA$1.1b | CA$222.2m | -CA$221,381,917.00 | 88.3x | -4.9x | 4.9x |
| Tue, 25 Oct 2022 | CA$1.1b | CA$233.1m | -CA$222,309,001.00 | 90.6x | -5x | 4.8x |
| Thu, 22 Sep 2022 | CA$1.2b | CA$224.1m | -CA$211,951,513.00 | 91.1x | -5.8x | 5.5x |
| Sat, 20 Aug 2022 | CA$1.4b | CA$223.8m | -CA$228,316,576.00 | 82x | -6.3x | 6.4x |
| Mon, 18 Jul 2022 | CA$1.3b | CA$237.5m | -CA$217,822,473.00 | 78.3x | -6.2x | 5.7x |
| Wed, 15 Jun 2022 | CA$1.3b | CA$226.5m | -CA$213,317,680.00 | 75.8x | -6.1x | 5.8x |
| Fri, 13 May 2022 | CA$1.3b | CA$192.2m | -CA$208,960,669.00 | 66.1x | -6.1x | 6.6x |
| Sun, 10 Apr 2022 | CA$1.5b | CA$185.8m | -CA$181,501,550.00 | 90.7x | -8.5x | 8.3x |
| Tue, 08 Mar 2022 | CA$1.7b | CA$183.4m | -CA$215,383,359.00 | 78.2x | -7.8x | 9.2x |
| Thu, 03 Feb 2022 | CA$1.7b | CA$185.2m | -CA$212,379,139.00 | 87.9x | -7.9x | 9x |
| Sat, 01 Jan 2022 | CA$1.8b | CA$179.5m | -CA$203,037,977.00 | 90.5x | -9.1x | 10.3x |
| Mon, 29 Nov 2021 | CA$2.0b | CA$180.8m | -CA$224,759,131.00 | 93x | -8.7x | 10.8x |
| Wed, 27 Oct 2021 | CA$2.0b | CA$170.2m | -CA$210,867,758.00 | 301.8x | -9.6x | 11.9x |
| Fri, 24 Sep 2021 | CA$2.1b | CA$168.4m | -CA$216,513,124.00 | 297.8x | -9.9x | 12.7x |
| Sun, 22 Aug 2021 | CA$2.0b | CA$166.0m | -CA$212,779,288.83 | 255.2x | -9.4x | 12.1x |
| Fri, 09 Jul 2021 | CA$2.1b | CA$166.0m | -CA$212,779,288.83 | 237x | -10x | 12.8x |
Price to Earnings Ratio
-10.3x
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 6.7x 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 16% 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 | 2.53% | |
| Healthcare | -12.82% | |
| Medical Equipment | 1.52% | |
| Medical Equipment | 1.28% | |
| Medical Supplies | 2.38% | |
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 | |
|---|---|---|---|---|---|
| NSCI Nanalysis Scientific | CA$0.47 | 13.3% +CA$5.6m | -20.3% | PS1.7x | |
| VPT Ventripoint Diagnostics | CA$0.24 | 16.7% +CA$5.5m | 63.3% | PS783x | |
| HTL Hamilton Thorne | CA$1.39 | 2.2% +CA$4.6m | -18.2% | PS2.3x | |
| MIR MedMira | CA$0.09 | 5.9% +CA$3.5m | -10.0% | PS154.9x | |
| OPS Opsens | CA$2.90 | 0.7% +CA$2.3m | 55.1% | PS6.9x |