Brookfield Corporation's (TSE:BN) Business Is Yet to Catch Up With Its Share Price
May 21
Canadian (TSX) Capital Markets Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies236
- 7D0.8%
- 3M6.9%
- 1Y34.5%
- YTD13.0%
The Capital Markets industry has stayed flat over the last week. As for the the longer term, the industry is up 34% over the past 12 months. Earnings are forecast to grow by 35% annually.
Industry Valuation and Performance
Has the Canadian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | CA$166.6b | CA$150.1b | CA$5.3b | 10.8x | 31.6x | 1.1x |
| Sat, 20 Apr 2024 | CA$150.3b | CA$157.3b | CA$7.3b | 11x | 20.5x | 1x |
| Mon, 18 Mar 2024 | CA$156.4b | CA$156.5b | CA$7.9b | 11.7x | 19.7x | 1x |
| Wed, 14 Feb 2024 | CA$150.7b | CA$157.1b | CA$8.0b | 8.6x | 18.8x | 1x |
| Fri, 12 Jan 2024 | CA$149.2b | CA$155.1b | CA$6.5b | 9x | 22.9x | 1x |
| Sun, 10 Dec 2023 | CA$137.3b | CA$157.1b | CA$6.6b | 8.7x | 20.9x | 0.9x |
| Tue, 07 Nov 2023 | CA$130.1b | CA$153.8b | CA$5.0b | 10.2x | 25.8x | 0.8x |
| Thu, 05 Oct 2023 | CA$123.2b | CA$153.8b | CA$4.9b | 10.6x | 25.4x | 0.8x |
| Sat, 02 Sep 2023 | CA$137.3b | CA$152.4b | CA$4.8b | 10.8x | 28.7x | 0.9x |
| Mon, 31 Jul 2023 | CA$137.8b | CA$149.0b | CA$5.8b | 9.5x | 23.8x | 0.9x |
| Wed, 28 Jun 2023 | CA$128.8b | CA$148.1b | CA$5.7b | 9.5x | 22.6x | 0.9x |
| Fri, 26 May 2023 | CA$126.0b | CA$152.7b | CA$6.1b | 8.5x | 20.6x | 0.8x |
| Sun, 23 Apr 2023 | CA$133.9b | CA$149.9b | CA$8.2b | 8.3x | 16.3x | 0.9x |
| Tue, 21 Mar 2023 | CA$122.1b | CA$150.0b | CA$7.4b | 9.3x | 16.4x | 0.8x |
| Thu, 16 Feb 2023 | CA$140.7b | CA$146.9b | CA$7.1b | 11.6x | 19.9x | 1x |
| Sat, 14 Jan 2023 | CA$135.7b | CA$143.5b | CA$9.3b | 10.3x | 14.6x | 0.9x |
| Mon, 12 Dec 2022 | CA$150.1b | CA$141.2b | CA$6.7b | 10.2x | 22.4x | 1.1x |
| Wed, 09 Nov 2022 | CA$124.6b | CA$135.0b | CA$8.5b | 12.7x | 14.7x | 0.9x |
| Fri, 07 Oct 2022 | CA$130.1b | CA$137.0b | CA$8.7b | 8.8x | 14.9x | 0.9x |
| Sun, 04 Sep 2022 | CA$137.3b | CA$131.4b | CA$8.4b | 8.7x | 16.3x | 1x |
| Tue, 02 Aug 2022 | CA$141.3b | CA$128.0b | CA$9.5b | 7.2x | 14.9x | 1.1x |
| Thu, 30 Jun 2022 | CA$130.5b | CA$128.5b | CA$9.5b | 8.5x | 13.7x | 1x |
| Sat, 28 May 2022 | CA$144.2b | CA$126.5b | CA$9.5b | 9.2x | 15.2x | 1.1x |
| Mon, 25 Apr 2022 | CA$151.8b | CA$121.2b | CA$10.5b | 9.8x | 14.5x | 1.3x |
| Wed, 23 Mar 2022 | CA$166.1b | CA$118.0b | CA$10.6b | 10.5x | 15.6x | 1.4x |
| Fri, 18 Feb 2022 | CA$163.3b | CA$118.9b | CA$11.1b | 10.9x | 14.7x | 1.4x |
| Sun, 16 Jan 2022 | CA$170.9b | CA$111.8b | CA$10.8b | 9.3x | 15.8x | 1.5x |
| Tue, 14 Dec 2021 | CA$176.0b | CA$113.4b | CA$10.7b | 8.8x | 16.4x | 1.6x |
| Thu, 11 Nov 2021 | CA$189.8b | CA$105.8b | CA$9.5b | 7.8x | 20x | 1.8x |
| Sat, 09 Oct 2021 | CA$165.4b | CA$105.7b | CA$9.6b | 6.7x | 17.3x | 1.6x |
| Mon, 06 Sep 2021 | CA$162.8b | CA$105.1b | CA$9.6b | 6.7x | 17x | 1.5x |
| Wed, 04 Aug 2021 | CA$152.6b | CA$105.1b | CA$9.3b | 6.5x | 16.5x | 1.5x |
Price to Earnings Ratio
17x
Current Industry PE
- Investors are optimistic on the Canadian Capital Markets industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.6x which is higher than its 3-year average PE of 18.5x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Financials industry?
| CA Market | 1.18% | |
| Financials | 0.73% | |
| Capital Markets | 0.76% | |
| Investment Banking and Brokerage | 3.63% | |
| Financial Exchanges and Data | 1.84% | |
| Asset Management | 0.67% | |
| Diversified Capital Markets | 0% | |
Industry PE
- Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 18.2x.
- Analysts expect its future annual earnings growth (42.0%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 42% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 5.9% 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 | |
|---|---|---|---|---|---|
| BN Brookfield | CA$60.69 | -0.5% CA$2.0b | 45.8% | PE72.7x | |
| PVF.UN Partners Value Investments | CA$80.00 | 6.7% +CA$353.2m | 21.2% | PE169.6x | |
| X TMX Group | CA$37.01 | 1.4% +CA$144.1m | 29.1% | PE25.2x | |
| DEFI DeFi Technologies | CA$1.35 | 55.2% +CA$139.3m | 1,250.0% | PS37.8x | |
| GLXY Galaxy Digital Holdings | CA$14.20 | 8.2% +CA$133.6m | 168.4% | PE2.7x |
