NVCN : Neovasc Inc Stock Profile

Last Updated: 3/12/2024 0:47:16

Neovasc Inc trades with the ticker NVCN on the TSX and is in the Medical Devices industry.

Neovasc Inc., a specialty medical device company, develops, manufactures, and markets products for cardiovascular marketplace in Europe and internationally. Its products include Tiara for the transcatheter treatment of mitral valve disease; and the Neovasc Reducer for the treatment of refractory angina. The company was formerly known as Medical Ventures Corp. and changed its name to Neovasc Inc. in July 2008. Neovasc Inc. was incorporated in 2000 and is headquartered in Richmond, Canada. As of April 11, 2023, Neovasc Inc. operates as a subsidiary of Shockwave Medical, Inc.

Looking to invest in Neovasc Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.

NVCN.TO Stock Price and Key Stats

ETF Key Stats

Exchange: TSX

Market Cap : $111.76MM

PE Ratio:

Price: #N/A (Updated: 3/12/2024 0:47:16)

Neovasc Inc (NVCN) vs Competitors in Medical Devices

Lets see how NVCN.TO stacks up against others in the Medical Devices asset management industry. We have identified its main peers as:

Helius Medical Technologies, Inc, Profound Medical Corp, Titan Medical Inc, Viemed Healthcare, Inc


Medical Devices Industry Comparisons

Company Market Cap ($MM) P/E Ratio EV/EBITDA Dividend Yield
Helius Medical Technologies, Inc (HSM) $42.531 N/A 0.0 0.0%
Neovasc Inc (NVCN) $111.76 N/A -0.162 0.0%
Profound Medical Corp (PRN) $266.031 N/A -9.016 N/A%
Titan Medical Inc (TMD) $10.156 N/A -0.199 N/A%
Viemed Healthcare, Inc (VMD) $402.21 32.656 11.736 0.0%

EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield  

Comparisons within Medical Devices

  • Neovasc Inc (NVCN) vs Helius Medical Technologies, Inc (HSM)
    • HSM has higher EPS (-11.019 vs -20.44). HSM has higher dividend yield (0.0% vs 0.0%). HSM and NVCN both have P/E’s under 0.
  • Neovasc Inc (NVCN) vs Profound Medical Corp (PRN)
    • PRN has higher EPS (-1.88 vs -20.44). NVCN provides dividends, while PRN does not. PRN and NVCN both have P/E’s under 0.
  • Neovasc Inc (NVCN) vs Titan Medical Inc (TMD)
    • TMD has higher EPS (-0.04 vs -20.44). NVCN provides dividends, while TMD does not. TMD and NVCN both have P/E’s under 0.
  • Neovasc Inc (NVCN) vs Viemed Healthcare, Inc (VMD)
    • VMD has higher EPS (0.32 vs -20.44). VMD has higher dividend yield (0.0% vs 0.0%). NVCN has a P/E under 0, indicating VMD (P/E 32.656) is in a better position.

Our Recommendation: Hold
Features a lower EV/EBITDA ratio (-0.16) than the industry average (0.47), indicating attractive valuation.

How to Buy NVCN stock on the TSX

You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:

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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of Wealthawesome.com. He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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