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May 02
Canadian (TSX) Chemicals Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies32
- 7D0.9%
- 3M4.0%
- 1Y-17.6%
- YTD-3.5%
In the last week, the Chemicals industry is flat overall, with NanoXplore standing out by going down 6.8%. Unfortunately though, the industry is down 18% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Canadian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$43.9b | CA$48.1b | CA$2.0b | 20.6x | 21.8x | 0.9x |
| Sat, 30 Mar 2024 | CA$44.0b | CA$47.6b | CA$2.0b | 21.3x | 22.1x | 0.9x |
| Mon, 26 Feb 2024 | CA$43.1b | CA$47.5b | CA$2.1b | 17.2x | 20.1x | 0.9x |
| Wed, 24 Jan 2024 | CA$41.5b | CA$50.1b | CA$3.4b | 15.6x | 12.3x | 0.8x |
| Fri, 22 Dec 2023 | CA$44.3b | CA$49.4b | CA$3.3b | 14.1x | 13.3x | 0.9x |
| Sun, 19 Nov 2023 | CA$46.3b | CA$51.0b | CA$3.4b | 12.8x | 13.5x | 0.9x |
| Tue, 17 Oct 2023 | CA$48.9b | CA$54.6b | CA$5.4b | 8.2x | 9x | 0.9x |
| Thu, 14 Sep 2023 | CA$49.7b | CA$54.3b | CA$5.4b | 8.4x | 9.2x | 0.9x |
| Sat, 12 Aug 2023 | CA$52.3b | CA$53.9b | CA$5.3b | 12.7x | 9.8x | 1x |
| Mon, 10 Jul 2023 | CA$48.0b | CA$57.4b | CA$9.6b | 8.9x | 5x | 0.8x |
| Wed, 07 Jun 2023 | CA$46.2b | CA$58.0b | CA$9.7b | 10.1x | 4.8x | 0.8x |
| Fri, 05 May 2023 | CA$50.4b | CA$60.7b | CA$10.9b | 9.9x | 4.6x | 0.8x |
| Sun, 02 Apr 2023 | CA$58.3b | CA$60.8b | CA$10.9b | 8.3x | 5.3x | 1x |
| Tue, 28 Feb 2023 | CA$61.9b | CA$61.2b | CA$11.0b | 9.7x | 5.6x | 1x |
| Thu, 26 Jan 2023 | CA$63.7b | CA$60.3b | CA$11.0b | 6x | 5.8x | 1.1x |
| Sat, 24 Dec 2022 | CA$59.8b | CA$61.2b | CA$11.2b | 6.4x | 5.3x | 1x |
| Mon, 21 Nov 2022 | CA$61.9b | CA$60.2b | CA$11.0b | 7.1x | 5.6x | 1x |
| Wed, 19 Oct 2022 | CA$67.7b | CA$58.9b | CA$10.2b | 6.4x | 6.6x | 1.2x |
| Fri, 16 Sep 2022 | CA$71.0b | CA$56.4b | CA$9.8b | 7.4x | 7.3x | 1.3x |
| Sun, 14 Aug 2022 | CA$71.9b | CA$54.7b | CA$9.5b | 8.2x | 7.6x | 1.3x |
| Tue, 12 Jul 2022 | CA$61.9b | CA$49.0b | CA$6.3b | 7x | 9.9x | 1.3x |
| Thu, 09 Jun 2022 | CA$71.6b | CA$47.4b | CA$6.0b | 8.5x | 11.8x | 1.5x |
| Sat, 07 May 2022 | CA$83.0b | CA$48.3b | CA$6.1b | 11.1x | 13.6x | 1.7x |
| Mon, 04 Apr 2022 | CA$82.7b | CA$42.9b | CA$4.4b | 16.2x | 19x | 1.9x |
| Wed, 02 Mar 2022 | CA$69.7b | CA$43.3b | CA$4.4b | 15.2x | 15.9x | 1.6x |
| Fri, 28 Jan 2022 | CA$60.2b | CA$38.6b | CA$3.1b | 17.3x | 19.3x | 1.6x |
| Sun, 26 Dec 2021 | CA$65.1b | CA$38.9b | CA$3.2b | 19.2x | 20.7x | 1.7x |
| Tue, 23 Nov 2021 | CA$59.4b | CA$38.5b | CA$3.1b | 17.5x | 19x | 1.5x |
| Thu, 21 Oct 2021 | CA$61.0b | CA$34.6b | CA$1.2b | 32x | 51.7x | 1.8x |
| Sat, 18 Sep 2021 | CA$55.8b | CA$35.7b | CA$1.2b | 19.1x | 45.3x | 1.6x |
| Mon, 16 Aug 2021 | CA$53.1b | CA$34.7b | CA$1.2b | 26.2x | 44.9x | 1.5x |
| Mon, 31 May 2021 | CA$50.9b | CA$32.7b | CA$451.9m | 48.4x | 112.6x | 1.6x |
Price to Earnings Ratio
105.4x
Current Industry PE
- Investors are optimistic on the Canadian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.8x which is higher than its 3-year average PE of 18.2x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 64% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | -0.54% | |
| Materials | 1.60% | |
| Chemicals | 0.93% | |
| Industrial Gases | 9.41% | |
| Specialty Chemicals | 2.47% | |
| Commodity Chemicals | 1.51% | |
| Fertilizers and Agricultural Chemicals | 0.77% | |
| Diversified Chemicals | 0% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings decline of 83.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 28% over the next 5 years.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 2.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NTR Nutrien | CA$72.22 | 0.8% +CA$286.9m | -21.0% | PE20.6x | |
| MX Methanex | CA$66.42 | 1.6% +CA$72.1m | 12.4% | PE19.5x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$8.79 | 3.7% +CA$36.3m | 22.9% | PE4.1x | |
| NANO Nano One Materials | CA$1.80 | 6.5% +CA$12.2m | -37.1% | PB4.2x | |
| ECO EcoSynthetix | CA$4.87 | 4.3% +CA$11.7m | 59.7% | PS16.4x |
