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Canadian (TSX) Financials Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies301
  • 7D-0.4%
  • 3M5.3%
  • 1Y-5.6%
  • YTD-10.0%

Over the last 7 days, the Financials industry has remained flat, although notably Intact Financial gained 3.5%. As for the longer term, the industry has declined 5.6% in the last year. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022CA$996.1bCA$555.9bCA$92.6b10.2x10.8x1.8x
Mon, 31 Oct 2022CA$926.7bCA$564.5bCA$92.3b9.5x10x1.6x
Wed, 28 Sep 2022CA$899.3bCA$565.7bCA$92.3b9.1x9.7x1.6x
Fri, 26 Aug 2022CA$958.9bCA$557.9bCA$92.8b9.7x10.3x1.7x
Sun, 24 Jul 2022CA$932.9bCA$620.2bCA$99.7b8.7x9.4x1.5x
Tue, 21 Jun 2022CA$944.5bCA$621.6bCA$99.6b8.9x9.5x1.5x
Thu, 19 May 2022CA$997.9bCA$615.1bCA$95.5b9.7x10.5x1.6x
Sat, 16 Apr 2022CA$1.1tCA$613.3bCA$96.1b9.8x11x1.7x
Mon, 14 Mar 2022CA$1.1tCA$610.8bCA$96.7b10.1x11.2x1.8x
Wed, 09 Feb 2022CA$1.1tCA$591.1bCA$93.3b11.7x12.3x1.9x
Fri, 07 Jan 2022CA$1.1tCA$591.2bCA$93.4b10.9x11.8x1.9x
Sun, 05 Dec 2021CA$1.0tCA$591.9bCA$93.8b10.3x11.2x1.8x
Tue, 02 Nov 2021CA$1.0tCA$561.3bCA$90.2b10.5x11.6x1.9x
Thu, 30 Sep 2021CA$1.0tCA$565.0bCA$90.6b9.7x11.1x1.8x
Sat, 28 Aug 2021CA$1.0tCA$561.4bCA$90.0b9.8x11.3x1.8x
Sun, 04 Jul 2021CA$982.3bCA$553.3bCA$84.6b9.9x11.6x1.8x
Wed, 07 Apr 2021CA$906.3bCA$540.1bCA$71.6b8.3x12.7x1.7x
Sat, 09 Jan 2021CA$803.4bCA$554.5bCA$59.4b10.8x13.5x1.4x
Fri, 02 Oct 2020CA$694.9bCA$532.4bCA$54.1b10.3x12.8x1.3x
Mon, 06 Jul 2020CA$675.3bCA$547.4bCA$54.7b10.5x12.3x1.2x
Thu, 09 Apr 2020CA$636.9bCA$524.2bCA$62.0b9.9x10.3x1.2x
Wed, 01 Jan 2020CA$818.8bCA$540.7bCA$73.1b11.6x11.2x1.5x
Price to Earnings Ratio

11.6x


Total Market Cap: CA$837.8bTotal Earnings: CA$72.2bTotal Revenue: CA$543.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Financials Sector Price to Earnings3Y Average 11.6x202020212022
Current Industry PE
  • Investors are relatively neutral on the Canadian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 11.6x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 8.7% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market0.40%
Financials-0.45%
Insurance1.70%
Diversified Financial0.69%
Mortgage REITs0%
Mortgage Finance-0.00054%
Banks-1.00%
Capital Markets-1.23%
Consumer Finance-1.70%
Industry PE
  • Investors are most optimistic about the Consumer Finance industry which is trading above its 3-year average PE ratio of 17.7x.
    • Analysts are expecting annual earnings growth of 43.1%, which is higher than its past year's earnings decline of 15.4% per year.
  • Investors are most pessimistic about the Mortgage Finance industry, which is trading close to its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Banks 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?

CompanyLast Price7D1YValuation
IFC Intact FinancialCA$204.683.5%
+CA$1.2b
26.1%PE13.6x
MFC Manulife FinancialCA$24.411.6%
+CA$715.8m
4.8%PE6.3x
SLF Sun Life FinancialCA$63.541.7%
+CA$627.4m
-7.1%PE11.7x
FFH Fairfax Financial HoldingsCA$786.522.9%
+CA$573.2m
37.4%PE266.4x
GCG.A Guardian Capital GroupCA$37.8533.9%
+CA$231.4m
12.1%PS3.1x
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Latest News

CWB

CA$24.28

Canadian Western Bank

7D

-6.0%

1Y

-32.1%

FFH

CA$786.52

Fairfax Financial Holdings

7D

2.9%

1Y

37.4%

CM

CA$59.39

Canadian Imperial Bank of Commerce

7D

-8.8%

1Y

-15.2%

NA

CA$95.83

National Bank of Canada

7D

-3.3%

1Y

-0.3%

BNS

CA$68.94

Bank of Nova Scotia

7D

-3.4%

1Y

-17.8%

BAM.A

CA$60.75

Brookfield Asset Management

7D

-2.1%

1Y

-14.7%

SLF

CA$63.54

Sun Life Financial

7D

1.7%

1Y

-7.1%

GWO

CA$31.93

Great-West Lifeco

7D

-0.9%

1Y

-14.0%

ONEX

CA$69.63

Onex

7D

-1.9%

1Y

-25.5%

IAG

CA$76.65

iA Financial

7D

2.9%

1Y

10.9%

MFC

CA$24.41

Manulife Financial

7D

1.6%

1Y

4.8%

DFY

CA$39.92

Definity Financial

7D

3.9%

1Y

50.0%

IFC

CA$204.68

Intact Financial

7D

3.5%

1Y

26.1%