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Canadian (TSX) Market Analysis & Valuation

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies2504
  • 7D-1.9%
  • 3M4.5%
  • 1Y3.7%
  • YTD4.6%

Over the last 7 days, the market has dropped 1.9%, driven by pullbacks in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 3.7% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Sun, 17 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Tue, 13 Feb 2024CA$3.4tCA$2.1tCA$176.8b13.3x19x1.6x
Thu, 11 Jan 2024CA$3.4tCA$2.1tCA$173.3b13x19.5x1.6x
Sat, 09 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.2x18.9x1.6x
Mon, 06 Nov 2023CA$3.2tCA$2.1tCA$180.7b12.1x17.7x1.5x
Wed, 04 Oct 2023CA$3.1tCA$2.1tCA$185.4b11.3x16.8x1.5x
Fri, 01 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sun, 30 Jul 2023CA$3.3tCA$2.1tCA$191.2b11.9x17.2x1.6x
Tue, 27 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x15.8x1.5x
Thu, 25 May 2023CA$3.2tCA$2.1tCA$205.6b11x15.7x1.5x
Sat, 22 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Mon, 20 Mar 2023CA$3.1tCA$2.1tCA$211.2b10.7x14.5x1.5x
Wed, 15 Feb 2023CA$3.4tCA$2.1tCA$237.5b10.9x14.3x1.6x
Fri, 13 Jan 2023CA$3.3tCA$2.1tCA$245.1b10.9x13.6x1.6x
Sun, 11 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.7x13.5x1.6x
Tue, 08 Nov 2022CA$3.2tCA$2.0tCA$241.5b10x13.3x1.6x
Thu, 06 Oct 2022CA$3.2tCA$2.1tCA$240.8b9.9x13.5x1.5x
Sat, 03 Sep 2022CA$3.2tCA$2.0tCA$235.6b10.3x13.7x1.6x
Mon, 01 Aug 2022CA$3.3tCA$2.0tCA$230.9b10.7x14.3x1.7x
Wed, 29 Jun 2022CA$3.2tCA$1.9tCA$231.4b10.8x13.9x1.7x
Fri, 27 May 2022CA$3.4tCA$1.9tCA$227.3b11.5x15x1.8x
Sun, 24 Apr 2022CA$3.6tCA$1.9tCA$212.4b12.5x16.8x1.9x
Tue, 22 Mar 2022CA$3.7tCA$1.9tCA$212.1b12.9x17.4x2x
Thu, 17 Feb 2022CA$3.6tCA$1.8tCA$197.0b13x18x2x
Sat, 15 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Mon, 13 Dec 2021CA$3.4tCA$1.8tCA$189.1b12.2x17.9x1.9x
Wed, 10 Nov 2021CA$3.5tCA$1.7tCA$184.8b13.3x19.1x2x
Fri, 08 Oct 2021CA$3.3tCA$1.7tCA$169.6b12.8x19.7x2x
Sun, 05 Sep 2021CA$3.3tCA$1.7tCA$167.5b13.2x20x2x
Tue, 03 Aug 2021CA$3.3tCA$1.7tCA$167.5b13x19.5x1.9x
Fri, 07 May 2021CA$3.1tCA$1.6tCA$124.3b14.8x24.8x1.9x
Price to Earnings Ratio

24.8x


Total Market Cap: CA$3.1tTotal Earnings: CA$124.3bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.3x202220232024
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 20.0x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 9.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-1.94%
Consumer Staples-0.40%
Tech-0.97%
Materials-1.18%
Utilities-1.66%
Telecom-1.75%
Financials-1.93%
Industrials-2.16%
Consumer Discretionary-2.41%
Energy-2.70%
Real Estate-3.21%
Healthcare-3.87%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 125x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.6% which is higher than its past year's earnings decline of 22.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings growth rate of 3.5% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 5.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
IVN Ivanhoe MinesCA$19.366.1%
+CA$1.4b		59.1%PE56xMaterials
IFC Intact FinancialCA$221.821.3%
+CA$497.7m		10.7%PE32.1xFinancials
PKI ParklandCA$43.305.9%
+CA$424.5m		36.6%PE16.1xEnergy
LUN Lundin MiningCA$16.053.2%
+CA$392.0m		53.4%PE37.4xMaterials
FNV Franco-NevadaCA$167.530.9%
+CA$323.9m		-18.7%PS19.2xMaterials
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Richard Bowman
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5 comments

Last week we had a look at the solar industry, and this week we are following up with wind power. 2023 was a terrible year for wind energy stocks….heaps of headwinds….

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LUN

CA$16.05

Lundin Mining

7D

3.2%

1Y

53.4%

PKI

CA$43.30

Parkland

7D

5.9%

1Y

36.6%

FNV

CA$167.53

Franco-Nevada

7D

0.9%

1Y

-18.7%

BMO

CA$125.36

Bank of Montreal

7D

-3.3%

1Y

1.1%

CS

CA$9.65

Capstone Copper

7D

3.3%

1Y

40.7%

TRP

CA$48.54

TC Energy

7D

-3.4%

1Y

-13.4%

RY

CA$133.52

Royal Bank of Canada

7D

-2.7%

1Y

-0.9%

CCL.B

CA$70.82

CCL Industries

7D

2.4%

1Y

8.7%

WPM

CA$72.53

Wheaton Precious Metals

7D

0.7%

1Y

9.1%

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Apr 16
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CP

CA$115.59

Canadian Pacific Kansas City

7D

-2.5%

1Y

6.2%

IVN

CA$19.36

Ivanhoe Mines

7D

6.1%

1Y

59.1%

BN

CA$53.13

Brookfield

7D

-2.2%

1Y

18.6%

ABX

CA$23.38

Barrick Gold

7D

-5.2%

1Y

-9.6%

CNQ

CA$105.84

Canadian Natural Resources

7D

-4.6%

1Y

31.4%

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BNS

CA$64.14

Bank of Nova Scotia

7D

-4.2%

1Y

-6.8%

IFC

CA$221.82

Intact Financial

7D

1.3%

1Y

10.7%