Imperial Oil Limited's (TSE:IMO) Price Is Right But Growth Is Lacking
Aug 04
Canadian (TSX) Oil and Gas Industry Analysis
UpdatedAug 04, 2024
DataAggregated Company Financials
Companies188
- 7D-3.2%
- 3M-4.6%
- 1Y10.6%
- YTD9.2%
Over the last 7 days, the Oil and Gas industry has dropped 3.2%, driven by declines in Cenovus Energy and Cameco of 9.3% and 16%, respectively. This takes the industry's 12 month performance to a gain of 11%. As for the next few years, earnings are expected to grow by 7.7% per annum.
Industry Valuation and Performance
Has the Canadian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 04 Aug 2024 | CA$635.1b | CA$375.2b | CA$44.4b | 10.3x | 14.3x | 1.7x |
| Tue, 02 Jul 2024 | CA$644.2b | CA$366.1b | CA$43.4b | 11.5x | 14.9x | 1.8x |
| Thu, 30 May 2024 | CA$680.3b | CA$368.1b | CA$44.0b | 12.5x | 15.5x | 1.8x |
| Sat, 27 Apr 2024 | CA$673.8b | CA$367.9b | CA$48.2b | 9.6x | 14x | 1.8x |
| Mon, 25 Mar 2024 | CA$639.2b | CA$363.6b | CA$47.8b | 9.3x | 13.4x | 1.8x |
| Wed, 21 Feb 2024 | CA$603.1b | CA$383.6b | CA$52.9b | 7.4x | 11.4x | 1.6x |
| Fri, 19 Jan 2024 | CA$594.1b | CA$386.3b | CA$47.8b | 6.6x | 12.4x | 1.5x |
| Sun, 17 Dec 2023 | CA$601.0b | CA$386.1b | CA$47.7b | 6.3x | 12.6x | 1.6x |
| Tue, 14 Nov 2023 | CA$624.6b | CA$387.0b | CA$48.2b | 6.5x | 13x | 1.6x |
| Thu, 12 Oct 2023 | CA$621.6b | CA$401.3b | CA$55.6b | 6.2x | 11.2x | 1.5x |
| Sat, 09 Sep 2023 | CA$620.3b | CA$401.4b | CA$55.6b | 6.4x | 11.2x | 1.5x |
| Mon, 07 Aug 2023 | CA$589.4b | CA$407.3b | CA$58.2b | 6x | 10.1x | 1.4x |
| Wed, 05 Jul 2023 | CA$560.4b | CA$436.7b | CA$67.5b | 5.1x | 8.3x | 1.3x |
| Fri, 02 Jun 2023 | CA$546.5b | CA$437.2b | CA$67.7b | 4.4x | 8.1x | 1.2x |
| Sun, 30 Apr 2023 | CA$587.2b | CA$446.0b | CA$68.7b | 4.7x | 8.5x | 1.3x |
| Tue, 28 Mar 2023 | CA$547.9b | CA$450.0b | CA$70.0b | 4.2x | 7.8x | 1.2x |
| Thu, 23 Feb 2023 | CA$572.9b | CA$443.9b | CA$72.6b | 4.7x | 7.9x | 1.3x |
| Sat, 21 Jan 2023 | CA$611.5b | CA$436.9b | CA$74.7b | 5.2x | 8.2x | 1.4x |
| Mon, 19 Dec 2022 | CA$574.0b | CA$437.5b | CA$74.9b | 4.8x | 7.7x | 1.3x |
| Wed, 16 Nov 2022 | CA$646.0b | CA$436.5b | CA$74.4b | 5.7x | 8.7x | 1.5x |
| Fri, 14 Oct 2022 | CA$582.5b | CA$406.7b | CA$65.0b | 6.3x | 9x | 1.4x |
| Sun, 11 Sep 2022 | CA$601.8b | CA$405.2b | CA$64.7b | 6x | 9.3x | 1.5x |
| Tue, 09 Aug 2022 | CA$575.8b | CA$402.3b | CA$64.0b | 5.6x | 9x | 1.4x |
| Thu, 07 Jul 2022 | CA$570.4b | CA$352.9b | CA$52.8b | 6.7x | 10.8x | 1.6x |
| Sat, 04 Jun 2022 | CA$692.9b | CA$352.1b | CA$52.8b | 10x | 13.1x | 2x |
| Mon, 02 May 2022 | CA$630.6b | CA$325.8b | CA$47.0b | 8.6x | 13.4x | 1.9x |
| Wed, 30 Mar 2022 | CA$614.8b | CA$312.0b | CA$42.4b | 8.4x | 14.5x | 2x |
| Fri, 25 Feb 2022 | CA$553.1b | CA$297.0b | CA$33.4b | 7.5x | 16.5x | 1.9x |
| Sun, 23 Jan 2022 | CA$517.7b | CA$269.0b | CA$29.1b | 7.9x | 17.8x | 1.9x |
| Tue, 21 Dec 2021 | CA$456.9b | CA$269.3b | CA$29.1b | 6.9x | 15.7x | 1.7x |
| Thu, 18 Nov 2021 | CA$501.6b | CA$271.7b | CA$29.7b | 8.9x | 16.9x | 1.8x |
| Sat, 16 Oct 2021 | CA$501.7b | CA$236.5b | CA$19.0b | 11.6x | 26.4x | 2.1x |
| Mon, 13 Sep 2021 | CA$446.7b | CA$236.6b | CA$19.0b | 9.5x | 23.5x | 1.9x |
| Wed, 11 Aug 2021 | CA$417.2b | CA$233.9b | CA$18.6b | 8.2x | 22.4x | 1.8x |
Price to Earnings Ratio
22.4x
Current Industry PE
- Investors are pessimistic on the Canadian Oil and Gas industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.3x which is lower than its 3-year average PE of 16.6x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 34% per year over the last three years.
- Revenues for these companies have grown 17% 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 Energy industry?
| CA Market | -2.56% | |
| Energy | -3.17% | |
| Oil and Gas | -3.16% | |
| Oil and Gas Storage and Transportation | 2.31% | |
| Oil and Gas Exploration and Production | -4.36% | |
| Integrated Oil and Gas | -5.61% | |
| Oil and Gas Refining and Marketing | -6.06% | |
| Coal and Fuels | -14.58% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 1kx.
- Analysts are expecting annual earnings growth of 22.9%, which is lower than the prior year's growth of 419.9% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 23% over the next 5 years.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 6.9% 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 | |
|---|---|---|---|---|---|
| ENB Enbridge | CA$52.61 | 3.7% +CA$4.1b | 9.4% | PE20.7x | |
| TRP TC Energy | CA$59.29 | 2.2% +CA$1.3b | 23.0% | PE17.9x | |
| VLE Valeura Energy | CA$4.52 | 7.4% +CA$33.5m | 89.9% | PE11.8x | |
| LCFS Tidewater Renewables | CA$8.84 | 8.5% +CA$24.1m | 6.3% | PS1.6x | |
| BGE Blue Sky Global Energy | CA$0.59 | 96.7% +CA$20.2m | n/a | PB52x |
