Tourmaline Oil Corp.'s (TSE:TOU) Intrinsic Value Is Potentially 42% Above Its Share Price
Jan 30
Canadian (TSX) Market Analysis & Valuation
UpdatedFeb 03, 2023
DataAggregated Company Financials
Companies2777
- 7D-0.1%
- 3M5.1%
- 1Y-3.4%
- YTD6.0%
The Healthcare sector gained 3.7% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 3.4%. Looking forward, earnings are forecast to grow by 5.6% 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Feb 2023 | CA$3.4t | CA$2.1t | CA$247.1b | 11.2x | 13.8x | 1.6x |
| Sun, 01 Jan 2023 | CA$3.2t | CA$2.1t | CA$246.5b | 10.6x | 13.1x | 1.6x |
| Tue, 29 Nov 2022 | CA$3.3t | CA$2.1t | CA$239.6b | 10.6x | 13.9x | 1.6x |
| Thu, 27 Oct 2022 | CA$3.2t | CA$2.0t | CA$236.0b | 10x | 13.4x | 1.6x |
| Sat, 24 Sep 2022 | CA$3.1t | CA$2.1t | CA$240.4b | 9.5x | 13x | 1.5x |
| Mon, 22 Aug 2022 | CA$3.4t | CA$2.0t | CA$237.1b | 10.5x | 14.1x | 1.7x |
| Wed, 20 Jul 2022 | CA$3.1t | CA$2.0t | CA$231.4b | 10x | 13.3x | 1.6x |
| Fri, 17 Jun 2022 | CA$3.2t | CA$2.0t | CA$231.4b | 10.7x | 13.8x | 1.6x |
| Sun, 15 May 2022 | CA$3.4t | CA$1.9t | CA$227.4b | 11.4x | 14.8x | 1.7x |
| Tue, 12 Apr 2022 | CA$3.7t | CA$1.9t | CA$212.3b | 12.8x | 17.2x | 2x |
| Thu, 10 Mar 2022 | CA$3.6t | CA$1.9t | CA$214.1b | 13x | 16.9x | 1.9x |
| Sat, 05 Feb 2022 | CA$3.5t | CA$1.8t | CA$195.2b | 13.1x | 18.1x | 2x |
| Mon, 03 Jan 2022 | CA$3.5t | CA$1.8t | CA$188.9b | 12.7x | 18.4x | 2x |
| Wed, 01 Dec 2021 | CA$3.4t | CA$1.8t | CA$189.2b | 12.2x | 18.2x | 1.9x |
| Fri, 29 Oct 2021 | CA$3.4t | CA$1.7t | CA$169.9b | 13.6x | 20.3x | 2.1x |
| Sun, 26 Sep 2021 | CA$3.3t | CA$1.7t | CA$168.6b | 12.6x | 19.7x | 2x |
| Tue, 24 Aug 2021 | CA$3.3t | CA$1.7t | CA$167.5b | 12.8x | 19.6x | 2x |
| Wed, 30 Jun 2021 | CA$3.2t | CA$1.7t | CA$161.3b | 13.3x | 20.1x | 2x |
| Sat, 03 Apr 2021 | CA$3.0t | CA$1.6t | CA$115.8b | 14.8x | 25.9x | 1.9x |
| Tue, 05 Jan 2021 | CA$2.7t | CA$1.6t | CA$57.4b | 14.9x | 47.4x | 1.7x |
| Fri, 09 Oct 2020 | CA$2.4t | CA$1.6t | CA$49.0b | 15.2x | 49.7x | 1.6x |
| Thu, 02 Jul 2020 | CA$2.3t | CA$1.6t | CA$59.7b | 15.1x | 38.3x | 1.4x |
| Sun, 05 Apr 2020 | CA$2.0t | CA$1.6t | CA$97.7b | 11.2x | 20.6x | 1.2x |
Price to Earnings Ratio
18.1x
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 13.8x which is lower than its 3-year average PE of 25.2x.
Past Earnings Growth
- The earnings for Canadian listed companies have grown 20% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 | -0.10% | |
| Healthcare | 3.70% | |
| Tech | 2.87% | |
| Industrials | 2.23% | |
| Real Estate | 2.18% | |
| Consumer Discretionary | 1.74% | |
| Financials | 1.29% | |
| Materials | 0.20% | |
| Telecom | -0.22% | |
| Utilities | -0.41% | |
| Consumer Staples | -2.48% | |
| Energy | -4.78% | |
Sector PE
- Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 135x.
- This optimism is likely because analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings growth of 4.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.3% 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 | Sector | |
|---|---|---|---|---|---|---|
| BNS Bank of Nova Scotia | CA$73.39 | 3.4% +CA$2.9b | -21.4% | PB1.2x | Financials | |
| NTR Nutrien | CA$112.45 | 4.5% +CA$2.5b | 21.7% | PE5.7x | Materials | |
| RY Royal Bank of Canada | CA$136.39 | 1.3% +CA$2.4b | -7.1% | PB1.9x | Financials | |
| CP Canadian Pacific Railway | CA$105.58 | 2.4% +CA$2.3b | 17.2% | PE27.9x | Industrials | |
| TRI Thomson Reuters | CA$161.30 | 2.6% +CA$2.0b | 19.9% | PE56.4x | Industrials |
Market Insights
The US market experienced gains galore in the second half of the week after the Fed raised rates for the 8th time since March last year...
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