Has the Canadian Diversified Financial Industry valuation changed over the past few years?
|Wed, 01 Dec 2021||CA$8.5b||CA$2.4b||CA$363.1m||12.2x|
|Fri, 29 Oct 2021||CA$8.9b||CA$2.6b||CA$350.2m||15.1x|
|Sun, 26 Sep 2021||CA$8.6b||CA$2.6b||CA$351.2m||14.3x|
|Tue, 24 Aug 2021||CA$8.8b||CA$2.6b||CA$350.4m||14.7x|
|Wed, 30 Jun 2021||CA$9.1b||CA$2.6b||CA$350.4m||15.7x|
|Sat, 03 Apr 2021||CA$8.5b||CA$2.6b||CA$308.8m||20.2x|
|Tue, 05 Jan 2021||CA$8.0b||CA$2.5b||CA$252.4m||97.7x|
|Fri, 09 Oct 2020||CA$6.5b||CA$2.5b||CA$70.1m||79.7x|
|Thu, 02 Jul 2020||CA$5.8b||CA$2.5b||CA$57.8m||52.8x|
|Sun, 05 Apr 2020||CA$5.2b||CA$2.4b||CA$72.8m||48.3x|
|Wed, 08 Jan 2020||CA$6.5b||CA$2.3b||CA$70.4m||14.2x|
|Tue, 01 Oct 2019||CA$6.2b||CA$2.2b||CA$253.2m||10.9x|
|Fri, 05 Jul 2019||CA$5.7b||CA$1.6b||-CA$171,724,430.91||9.2x|
|Mon, 08 Apr 2019||CA$5.3b||CA$1.6b||-CA$169,822,812.08||8.9x|
|Thu, 10 Jan 2019||CA$4.5b||CA$1.5b||-CA$199,649,063.32||7.4x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 12.1x which is lower than its 3-year average PE of 31.7x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: Total earnings for the Diversified Financial industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year. This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Canadian Diversified Financial industry?
Industry PE: Investors are most optimistic about the Specialized Finance industry even though it's trading below its 3-year average PE ratio of 31.7x. However analysts are expecting annual earnings growth of 16%, which is lower than the prior year's growth of 309% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Specialized Finance industry, expecting annual earnings growth of 16% over the next 5 years.
Element Fleet Management
Royalty North Partners