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Canadian (TSX) Market Analysis & Valuation
UpdatedAug 09, 2022
DataAggregated Company Financials
Companies2719
- 7D-0.4%
- 3M-1.5%
- 1Y-1.2%
- YTD-5.6%
Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 3.5% in that time. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 7.6% annually.
Market Valuation and Performance
Has the Canadian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Aug 2022 | CA$3.3t | CA$2.0t | CA$239.9b | 10.4x | 13.7x | 1.6x |
| Thu, 07 Jul 2022 | CA$3.1t | CA$2.0t | CA$231.8b | 10.2x | 13.5x | 1.6x |
| Sat, 04 Jun 2022 | CA$3.4t | CA$1.9t | CA$227.3b | 11.8x | 15.1x | 1.8x |
| Mon, 02 May 2022 | CA$3.5t | CA$1.9t | CA$218.4b | 12.2x | 16x | 1.8x |
| Wed, 30 Mar 2022 | CA$3.7t | CA$1.9t | CA$212.2b | 13.3x | 17.5x | 2x |
| Fri, 25 Feb 2022 | CA$3.5t | CA$1.8t | CA$199.8b | 12.8x | 17.5x | 1.9x |
| Sun, 23 Jan 2022 | CA$3.4t | CA$1.8t | CA$188.6b | 12.8x | 18.2x | 1.9x |
| Tue, 21 Dec 2021 | CA$3.4t | CA$1.8t | CA$189.8b | 12.1x | 17.7x | 1.9x |
| Thu, 18 Nov 2021 | CA$3.5t | CA$1.8t | CA$188.2b | 13.2x | 18.8x | 2x |
| Sat, 16 Oct 2021 | CA$3.4t | CA$1.7t | CA$169.1b | 13.4x | 20.3x | 2x |
| Mon, 13 Sep 2021 | CA$3.4t | CA$1.7t | CA$167.9b | 12.9x | 20x | 2x |
| Wed, 11 Aug 2021 | CA$3.3t | CA$1.7t | CA$167.5b | 12.8x | 19.7x | 2x |
| Sun, 06 Jun 2021 | CA$3.2t | CA$1.6t | CA$126.3b | 14.7x | 25.3x | 2x |
| Wed, 10 Mar 2021 | CA$2.9t | CA$1.6t | CA$59.3b | 15.6x | 48.5x | 1.8x |
| Tue, 01 Dec 2020 | CA$2.6t | CA$1.6t | CA$51.7b | 15.6x | 51.2x | 1.7x |
| Fri, 04 Sep 2020 | CA$2.5t | CA$1.6t | CA$58.3b | 16.9x | 42.4x | 1.6x |
| Mon, 08 Jun 2020 | CA$2.2t | CA$1.6t | CA$90.0b | 13.7x | 25x | 1.4x |
| Sun, 01 Mar 2020 | CA$2.5t | CA$1.7t | CA$144.8b | 15.5x | 17x | 1.5x |
| Wed, 04 Dec 2019 | CA$2.6t | CA$1.6t | CA$135.6b | 15x | 18.9x | 1.6x |
| Sat, 07 Sep 2019 | CA$2.5t | CA$1.6t | CA$129.6b | 14.4x | 19.2x | 1.5x |
Price to Earnings Ratio
19.2x
Current Market PE
- Investors are pessimistic on the Canadian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 26.0x.
Past Earnings Growth
- The earnings for Canadian listed companies have grown 23% per year over the last three years.
- Revenues for these companies have grown 7.3% 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 | -0.38% | |
| Consumer Discretionary | 3.46% | |
| Healthcare | 3.42% | |
| Tech | 3.40% | |
| Materials | 1.98% | |
| Utilities | 1.61% | |
| Industrials | 1.61% | |
| Financials | 0.53% | |
| Real Estate | 0.13% | |
| Consumer Staples | -0.63% | |
| Telecom | -1.33% | |
| Energy | -6.52% | |
Sector PE
- Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 34.5x.
- Analysts are expecting annual earnings growth of 27%, which is lower than the prior year's growth of 30% per year.
- This could indicate that the market believes that analysts are underestimating future growth.
- Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings growth rate of 28% per year.
- In contrast, the Real Estate industry is expected to see its earnings growth to stay flat 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 | Sector | |
|---|---|---|---|---|---|---|
| QSP.UN Restaurant Brands International Limited Partnership | CA$77.14 | 9.4% +CA$2.3b | -4.2% | PE17.2x | Consumer Discretionary | |
| BAM.A Brookfield Asset Management | CA$64.61 | 1.7% +CA$1.7b | -10.0% | PE20.1x | Financials | |
| BEPC Brookfield Renewable | CA$53.98 | 7.7% +CA$1.4b | 2.7% | PE36.7x | Utilities | |
| NVEI Nuvei | CA$54.10 | 20.9% +CA$1.3b | -47.7% | PE75.9x | Tech | |
| CP Canadian Pacific Railway | CA$102.35 | 1.4% +CA$1.3b | 11.9% | PE40.3x | Industrials |
Market Insights
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