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Canadian (TSX) Diversified Financial Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies14
- 7D-1.6%
- 3M1.1%
- 1Y9.0%
- YTD5.4%
Over the last 7 days, the Diversified Financial industry has dropped 1.6%, driven by a pullback from First National Financial of 2.8%. In contrast, ECN Capital has gained 7.7%. This takes the industry's 12 month performance to a gain of 9.0%. Looking forward, earnings are forecast to grow by 45% annually.
Industry Valuation and Performance
Has the Canadian Diversified Financial Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | CA$3.7b | CA$885.7m | CA$167.5m | 9.8x | 21.9x | 4.1x |
| Mon, 18 Nov 2024 | CA$3.7b | CA$894.4m | CA$161.0m | 11x | 22.9x | 4.1x |
| Wed, 16 Oct 2024 | CA$10.2b | CA$2.8b | CA$77.6m | 11x | 131.2x | 3.6x |
| Fri, 13 Sep 2024 | CA$10.2b | CA$2.8b | CA$67.9m | 11.3x | 150x | 3.7x |
| Sun, 11 Aug 2024 | CA$10.1b | CA$2.8b | CA$66.4m | 10.7x | 152.2x | 3.6x |
| Tue, 09 Jul 2024 | CA$9.6b | CA$2.7b | CA$16.2m | 9.8x | 589.5x | 3.5x |
| Thu, 06 Jun 2024 | CA$9.6b | CA$2.7b | CA$14.5m | 10x | 661.2x | 3.5x |
| Sat, 04 May 2024 | CA$9.5b | CA$2.6b | CA$29.1m | 9.6x | 326.1x | 3.7x |
| Mon, 01 Apr 2024 | CA$9.5b | CA$2.5b | CA$35.2m | 9.9x | 269.3x | 3.7x |
| Wed, 28 Feb 2024 | CA$8.4b | CA$2.7b | CA$109.2m | 10.9x | 77.3x | 3.2x |
| Fri, 26 Jan 2024 | CA$10.1b | CA$3.1b | CA$287.4m | 9.9x | 35.3x | 3.3x |
| Sun, 24 Dec 2023 | CA$10.2b | CA$3.2b | CA$279.0m | 9.7x | 36.4x | 3.2x |
| Tue, 21 Nov 2023 | CA$16.9b | CA$5.1b | CA$723.0m | 10.2x | 23.3x | 3.3x |
| Thu, 19 Oct 2023 | CA$15.3b | CA$4.9b | CA$787.9m | 9.9x | 19.4x | 3.1x |
| Sat, 16 Sep 2023 | CA$16.3b | CA$4.9b | CA$788.9m | 10.1x | 20.6x | 3.3x |
| Mon, 14 Aug 2023 | CA$16.7b | CA$4.9b | CA$839.7m | 11.5x | 19.9x | 3.4x |
| Wed, 12 Jul 2023 | CA$18.9b | CA$4.9b | CA$842.5m | 16.1x | 22.4x | 3.8x |
| Fri, 09 Jun 2023 | CA$19.1b | CA$4.9b | CA$825.1m | 15.8x | 23.1x | 3.9x |
| Sun, 07 May 2023 | CA$20.1b | CA$4.7b | CA$805.6m | 14.7x | 25x | 4.3x |
| Tue, 04 Apr 2023 | CA$20.6b | CA$4.6b | CA$807.5m | 11.8x | 25.5x | 4.4x |
| Thu, 02 Mar 2023 | CA$8.9b | CA$2.5b | CA$428.0m | 20.5x | 20.7x | 3.5x |
| Sat, 28 Jan 2023 | CA$8.5b | CA$2.5b | CA$420.2m | 13.5x | 20.2x | 3.4x |
| Mon, 26 Dec 2022 | CA$8.5b | CA$2.5b | CA$420.4m | 13.6x | 20.1x | 3.4x |
| Wed, 23 Nov 2022 | CA$8.7b | CA$2.5b | CA$420.2m | 13.6x | 20.7x | 3.5x |
| Fri, 21 Oct 2022 | CA$8.4b | CA$2.4b | CA$387.9m | 13.6x | 21.6x | 3.4x |
| Sun, 18 Sep 2022 | CA$8.4b | CA$2.4b | CA$387.7m | 13.4x | 21.7x | 3.4x |
| Tue, 16 Aug 2022 | CA$9.1b | CA$2.4b | CA$391.9m | 14.3x | 23.3x | 3.7x |
| Thu, 14 Jul 2022 | CA$7.4b | CA$2.3b | CA$347.4m | 8.9x | 21.2x | 3.2x |
| Sat, 11 Jun 2022 | CA$7.6b | CA$2.3b | CA$351.0m | 7.8x | 21.5x | 3.2x |
| Mon, 09 May 2022 | CA$6.5b | CA$2.3b | CA$345.9m | 7.5x | 18.9x | 2.9x |
| Wed, 06 Apr 2022 | CA$7.1b | CA$2.3b | CA$348.4m | 8x | 20.3x | 3.1x |
| Fri, 04 Mar 2022 | CA$7.2b | CA$2.3b | CA$389.6m | 12.9x | 18.6x | 3.2x |
| Sun, 30 Jan 2022 | CA$7.0b | CA$2.4b | CA$363.2m | 11.2x | 19.2x | 2.9x |
| Tue, 28 Dec 2021 | CA$7.3b | CA$2.4b | CA$363.1m | 12.3x | 20.2x | 3x |
Price to Earnings Ratio
20.2x
Current Industry PE
- Investors are pessimistic on the Canadian Diversified Financial 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 21.9x which is lower than its 3-year average PE of 88.8x.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Financial industry have declined 23% per year over the last three years,
- Revenues have also declined 28% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Canadian Financials industry?
| CA Market | -3.68% | |
| Financials | -2.52% | |
| Diversified Financial | -1.64% | |
| Specialized Finance | 7.01% | |
| Other Diversified Financial Services | 0% | |
| Multi-Sector Holdings | 0% | |
| Transaction and Payment Processing Services | -7.65% | |
Industry PE
- Investors are most optimistic about the Transaction and Payment Processing Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 169.1%, which is lower than the prior year's growth of 74.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialized Finance industry, expecting annual earnings growth of 163% over the next 5 years.
- This is better than its past earnings growth rate of 49% per year.
- In contrast, the Transaction and Payment Processing Services industry is expected to see its earnings decline by 169% 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 | |
|---|---|---|---|---|---|
| ECN ECN Capital | CA$3.12 | 6.8% +CA$56.2m | 11.0% | PS4.7x | |
| BNXA Banxa Holdings | CA$0.94 | 11.9% +CA$4.6m | 44.6% | PS0.1x | |
| SFI Solution Financial | CA$0.29 | 7.4% +CA$1.7m | 11.5% | PE65.4x | |
| FDI Findev | CA$0.49 | 3.2% +CA$429.7k | 24.1% | PE6.1x | |
| ACD Accord Financial | CA$3.75 | 1.4% +CA$427.9k | -17.8% | PS0.8x |