If You Like EPS Growth Then Check Out Royal Bank of Canada (TSE:RY) Before It's Too Late
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Has the Canadian Market valuation changed over the past few years?
|Sat, 27 Nov 2021||CA$3.5t||CA$1.8t||CA$189.3b||12.5x|
|Mon, 25 Oct 2021||CA$3.5t||CA$1.7t||CA$169.5b||13.5x|
|Wed, 22 Sep 2021||CA$3.3t||CA$1.7t||CA$169.1b||12.5x|
|Fri, 20 Aug 2021||CA$3.3t||CA$1.7t||CA$167.5b||12.5x|
|Fri, 04 Jun 2021||CA$3.2t||CA$1.6t||CA$126.3b||14.7x|
|Mon, 08 Mar 2021||CA$2.9t||CA$1.6t||CA$59.3b||15.6x|
|Thu, 10 Dec 2020||CA$2.6t||CA$1.6t||CA$51.7b||15.6x|
|Wed, 02 Sep 2020||CA$2.5t||CA$1.6t||CA$58.3b||16.9x|
|Sat, 06 Jun 2020||CA$2.2t||CA$1.6t||CA$90.0b||13.7x|
|Tue, 10 Mar 2020||CA$2.5t||CA$1.7t||CA$144.8b||15.5x|
|Mon, 02 Dec 2019||CA$2.6t||CA$1.6t||CA$135.6b||15x|
|Thu, 05 Sep 2019||CA$2.5t||CA$1.6t||CA$129.6b||14.4x|
|Sun, 09 Jun 2019||CA$2.5t||CA$1.6t||CA$120.8b||15x|
|Sat, 02 Mar 2019||CA$2.5t||CA$1.6t||CA$110.4b||15x|
|Tue, 04 Dec 2018||CA$2.3t||CA$1.5t||CA$123.9b||14.3x|
Current Market PE: Investors are relatively neutral on the market at the moment, considering it's trading close to its 3-year average PE ratio of 14.6x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for Canadian listed companies have grown 15% per year over the last three years, and revenues for these companies have grown 5.0% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which sectors have driven the changes within the Canadian Market?
Sector PE: Investors are most optimistic about the Tech sector, which is trading close to its 3-year average PE ratio of 31.2x. This is likely because analysts are expecting annual earnings growth of 41%, which is higher than its past year's earnings growth of 35% per year. Meanwhile, investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 12.3x.
Forecasted Growth: Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 42% over the next 5 years. This is better than its past earnings growth rate of 18% per year. Meanwhile, the Financials industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
|TD Toronto-Dominion Bank||3.0%+CA$5.1b||33.4%||PB1.8x||Financials|
|CNQ Canadian Natural Resources||2.7%+CA$1.6b||67.2%||PE10.5x||Energy|
|IWIN Irwin Naturals||-4.4%CA$1.4b||n/a||PE146.6x||Consumer Staples|
|QSP.UN Restaurant Brands International Limited Partnership||3.1%+CA$767.4m||-2.5%||PE17.9x||Consumer Discretionary|
|TRP TC Energy||1.1%+CA$656.1m||2.7%||PE32.7x||Energy|
Canadian Natural Resources
Royal Bank of Canada
Canadian Pacific Railway
Brookfield Asset Management