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Canadian (TSX) Industrials Sector Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies124
  • 7D-1.7%
  • 3M1.1%
  • 1Y10.1%
  • YTD6.7%

Over the last 7 days, the Industrials industry has dropped 1.7%, driven by Canadian National Railway declining 5.6%. In the past year, the industry has gained 10%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$476.0bCA$167.6bCA$16.7b22.5x28.5x2.8x
Sun, 23 Jun 2024CA$465.0bCA$167.4bCA$16.8b20.3x27.6x2.8x
Tue, 21 May 2024CA$477.7bCA$167.5bCA$17.4b21.1x27.4x2.9x
Thu, 18 Apr 2024CA$475.0bCA$165.3bCA$17.9b20.1x26.5x2.9x
Sat, 16 Mar 2024CA$485.1bCA$164.6bCA$17.8b20.2x27.2x2.9x
Mon, 12 Feb 2024CA$474.0bCA$163.1bCA$17.2b19.8x27.5x2.9x
Wed, 10 Jan 2024CA$450.0bCA$164.8bCA$16.1b19.6x27.9x2.7x
Fri, 08 Dec 2023CA$435.7bCA$165.3bCA$16.2b18.5x27x2.6x
Sun, 05 Nov 2023CA$411.7bCA$161.1bCA$15.7b18x26.2x2.6x
Tue, 03 Oct 2023CA$410.7bCA$161.1bCA$15.8b17x26x2.5x
Thu, 31 Aug 2023CA$430.2bCA$160.7bCA$15.8b16.8x27.3x2.7x
Sat, 29 Jul 2023CA$426.7bCA$158.0bCA$14.4b18x29.6x2.7x
Mon, 26 Jun 2023CA$414.8bCA$156.9bCA$13.8b19x30.1x2.6x
Wed, 24 May 2023CA$422.1bCA$157.4bCA$13.7b19.1x30.8x2.7x
Fri, 21 Apr 2023CA$433.5bCA$153.6bCA$13.8b21.2x31.4x2.8x
Sun, 19 Mar 2023CA$405.2bCA$141.7bCA$12.8b20.6x31.7x2.9x
Tue, 14 Feb 2023CA$419.6bCA$150.6bCA$14.4b17.4x29.2x2.8x
Thu, 12 Jan 2023CA$411.4bCA$149.0bCA$12.7b16.7x32.4x2.8x
Sat, 10 Dec 2022CA$413.3bCA$149.4bCA$12.7b16.3x32.4x2.8x
Mon, 07 Nov 2022CA$389.1bCA$146.2bCA$12.9b14.2x30.2x2.7x
Wed, 05 Oct 2022CA$387.3bCA$143.4bCA$11.6b14.8x33.5x2.7x
Fri, 02 Sep 2022CA$385.4bCA$142.5bCA$11.6b16.7x33.4x2.7x
Sun, 31 Jul 2022CA$397.0bCA$138.5bCA$13.0b14.4x30.6x2.9x
Tue, 28 Jun 2022CA$364.7bCA$136.0bCA$13.2b14.3x27.7x2.7x
Thu, 26 May 2022CA$356.3bCA$138.2bCA$13.3b16.3x26.7x2.6x
Sat, 23 Apr 2022CA$388.5bCA$129.6bCA$17.9b19.6x21.7x3x
Mon, 21 Mar 2022CA$411.5bCA$129.3bCA$17.9b19.7x23x3.2x
Wed, 16 Feb 2022CA$400.2bCA$127.3bCA$17.4b21.6x23x3.1x
Fri, 14 Jan 2022CA$405.8bCA$123.8bCA$17.7b21.3x23x3.3x
Sun, 12 Dec 2021CA$395.6bCA$124.1bCA$17.9b19x22.1x3.2x
Tue, 09 Nov 2021CA$408.9bCA$122.4bCA$17.6b20.8x23.3x3.3x
Thu, 07 Oct 2021CA$373.9bCA$119.2bCA$17.7b19.8x21.1x3.1x
Sat, 04 Sep 2021CA$396.1bCA$120.4bCA$17.5b19.9x22.6x3.3x
Mon, 02 Aug 2021CA$367.5bCA$120.4bCA$17.5b18.8x21x3.1x
Price to Earnings Ratio

21x


Total Market Cap: CA$367.5bTotal Earnings: CA$17.5bTotal Revenue: CA$120.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 27.4x202220232024
Current Industry PE
  • Investors are relatively neutral on the Canadian Industrials 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 27.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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 and as a result, profits have held steady.

Industry Trends

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

CA Market-0.31%
Industrials-1.65%
Building1.96%
Trade Distributors1.03%
Airlines0.99%
Construction0.60%
Marine and Shipping0.56%
Professional Services0.34%
Logistics0.26%
Industrials-0.14%
Infrastructure-0.30%
Commercial Services-1.90%
Machinery-2.32%
Electrical-2.55%
Aerospace & Defense-2.83%
Transportation-3.25%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 43.4%, which is higher than its past year's earnings growth of 18.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 70% over the next 5 years.
  • However this is lower than its past earnings growth rate of 107% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 4.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TFII TFI InternationalCA$215.912.7%
+CA$478.0m		30.1%PE27.2x
WSP WSP GlobalCA$223.591.5%
+CA$405.2m		24.6%PE49.4x
TRI Thomson ReutersCA$224.440.3%
+CA$337.3m		28.1%PE30.8x
TIH Toromont IndustriesCA$127.152.0%
+CA$208.1m		18.6%PE20.2x
EFN Element Fleet ManagementCA$26.471.1%
+CA$121.1m		24.5%PE22.5x
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-4.4%

1Y

-15.9%

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CNR

CA$156.82

Canadian National Railway

7D

-5.6%

1Y

0.07%

BYD

CA$229.88

Boyd Group Services

7D

-12.0%

1Y

-4.5%

MTL

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Mullen Group

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9.1%

1Y

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ATS

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ATS

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1Y

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AC

CA$16.15

Air Canada

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1Y

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GFL

CA$52.93

GFL Environmental

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1Y

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EFN

CA$26.47

Element Fleet Management

7D

1.1%

1Y

24.5%

AFN

CA$56.22

Ag Growth International

7D

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1Y

0.4%

TIH

CA$127.15

Toromont Industries

7D

2.0%

1Y

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TRI

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1Y

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WSP

CA$223.59

WSP Global

7D

1.5%

1Y

24.6%

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CP

CA$111.96

Canadian Pacific Kansas City

7D

-2.0%

1Y

1.8%

TFII

CA$215.91

TFI International

7D

2.7%

1Y

30.1%

BBD.B

CA$90.22

Bombardier

7D

-5.1%

1Y

44.4%

RUS

CA$39.70

Russel Metals

7D

3.4%

1Y

3.5%