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Canadian (TSX) Telecom Sector Analysis

UpdatedMay 02, 2024
DataAggregated Company Financials
Companies44
  • 7D0.3%
  • 3M-14.5%
  • 1Y-24.7%
  • YTD-12.8%

In the last week, Telecom has been flat. As for the longer term, the industry has declined 25% in the last year. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Canadian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024CA$113.9bCA$82.1bCA$3.8b10.3x30.2x1.4x
Sat, 30 Mar 2024CA$116.7bCA$81.5bCA$3.9b10.6x29.6x1.4x
Mon, 26 Feb 2024CA$128.0bCA$81.4bCA$4.0b10.6x31.7x1.6x
Wed, 24 Jan 2024CA$154.8bCA$85.4bCA$5.0b14.9x31.2x1.8x
Fri, 22 Dec 2023CA$147.8bCA$85.4bCA$5.0b12.4x29.5x1.7x
Sun, 19 Nov 2023CA$149.5bCA$85.4bCA$5.1b14.3x29.5x1.7x
Tue, 17 Oct 2023CA$143.7bCA$84.1bCA$5.8b10.6x24.7x1.7x
Thu, 14 Sep 2023CA$148.3bCA$84.1bCA$5.8b11.2x25.6x1.8x
Sat, 12 Aug 2023CA$152.4bCA$84.1bCA$5.8b10.1x26.2x1.8x
Mon, 10 Jul 2023CA$159.3bCA$81.8bCA$7.3b9.9x21.9x1.9x
Wed, 07 Jun 2023CA$158.2bCA$81.9bCA$7.8b9.6x20.3x1.9x
Fri, 05 May 2023CA$167.9bCA$81.0bCA$8.1b12.9x20.7x2.1x
Sun, 02 Apr 2023CA$161.4bCA$80.9bCA$8.1b12.7x20x2x
Tue, 28 Feb 2023CA$162.4bCA$81.2bCA$8.2b14.9x19.7x2x
Thu, 26 Jan 2023CA$166.5bCA$80.1bCA$8.7b14.6x19.2x2.1x
Sat, 24 Dec 2022CA$156.7bCA$80.1bCA$8.7b13.6x17.9x2x
Mon, 21 Nov 2022CA$162.6bCA$80.1bCA$8.8b9.4x18.6x2x
Wed, 19 Oct 2022CA$151.5bCA$79.1bCA$8.7b7.5x17.5x1.9x
Fri, 16 Sep 2022CA$157.3bCA$79.1bCA$8.7b8.1x18.1x2x
Sun, 14 Aug 2022CA$165.5bCA$78.3bCA$8.3b9.5x20x2.1x
Tue, 12 Jul 2022CA$161.8bCA$77.4bCA$8.1b11.1x20x2.1x
Thu, 09 Jun 2022CA$176.0bCA$77.4bCA$8.2b11.4x21.4x2.3x
Sat, 07 May 2022CA$178.1bCA$77.4bCA$8.3b12.3x21.4x2.3x
Mon, 04 Apr 2022CA$186.1bCA$76.7bCA$8.0b12.4x23.2x2.4x
Wed, 02 Mar 2022CA$177.6bCA$76.4bCA$8.3b11.9x21.3x2.3x
Fri, 28 Jan 2022CA$172.0bCA$75.6bCA$8.1b12.1x21.3x2.3x
Sun, 26 Dec 2021CA$172.8bCA$75.4bCA$8.0b12x21.6x2.3x
Tue, 23 Nov 2021CA$169.7bCA$75.4bCA$8.0b13x21.2x2.3x
Thu, 21 Oct 2021CA$169.6bCA$73.7bCA$7.5b13.8x22.7x2.3x
Sat, 18 Sep 2021CA$172.1bCA$73.7bCA$7.5b13.6x23x2.3x
Mon, 16 Aug 2021CA$173.6bCA$73.7bCA$7.5b14.3x23.2x2.4x
Mon, 31 May 2021CA$165.3bCA$72.0bCA$7.0b14.2x23.6x2.3x
Price to Earnings Ratio

26.6x


Total Market Cap: CA$161.3bTotal Earnings: CA$6.1bTotal Revenue: CA$71.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 22.8x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.2x which is higher than its 3-year average PE of 22.8x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 15% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Telecom sector?

CA Market-0.54%
Telecom0.33%
Media3.00%
Telecom Services and Carriers0.99%
Wireless Telecom-1.49%
Interactive Media and Services-1.53%
Entertainment-8.37%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 26.8%, which is higher than its past year's earnings decline of 67.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 115% over the next 5 years.
  • This is better than its past earnings decline of 83% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
T TELUSCA$22.321.4%
+CA$457.7m		-22.1%PE39.2x
BCE BCECA$45.761.0%
+CA$428.8m		-30.0%PE20.1x
CGX CineplexCA$9.027.5%
+CA$40.1m		3.1%PE4.2x
RAY.A Stingray GroupCA$7.585.1%
+CA$25.4m		32.3%PE14.1x
TVA.B TVA GroupCA$1.5213.4%
+CA$7.8m		-26.9%PS0.1x
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