Is Now An Opportune Moment To Examine AtkinsRéalis (TSE:ATRL)?
Apr 23
Canadian (TSX) Industrials Sector Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies122
- 7D1.3%
- 3M6.5%
- 1Y14.0%
- YTD8.4%
Over the last 7 days, the Industrials industry has dropped 1.7%, driven by a pullback from TFI International of 5.9%. Over the past 12 months, the industry was up 8.8%. Looking forward, earnings are forecast to grow by 9.7% annually.
Sector Valuation and Performance
Has the Canadian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | CA$481.2b | CA$165.0b | CA$17.9b | 20.5x | 26.9x | 2.9x |
| Fri, 22 Mar 2024 | CA$489.8b | CA$164.7b | CA$17.8b | 20.5x | 27.5x | 3x |
| Sun, 18 Feb 2024 | CA$479.1b | CA$163.3b | CA$17.2b | 20.1x | 27.9x | 2.9x |
| Tue, 16 Jan 2024 | CA$454.0b | CA$164.9b | CA$16.1b | 20.3x | 28.1x | 2.8x |
| Thu, 14 Dec 2023 | CA$437.5b | CA$165.1b | CA$16.1b | 18.6x | 27.1x | 2.7x |
| Sat, 11 Nov 2023 | CA$412.7b | CA$163.2b | CA$15.7b | 17.7x | 26.2x | 2.5x |
| Mon, 09 Oct 2023 | CA$410.6b | CA$161.0b | CA$15.8b | 17.5x | 26x | 2.6x |
| Wed, 06 Sep 2023 | CA$429.8b | CA$161.0b | CA$15.8b | 17.3x | 27.2x | 2.7x |
| Fri, 04 Aug 2023 | CA$428.5b | CA$157.8b | CA$15.6b | 17.8x | 27.4x | 2.7x |
| Sun, 02 Jul 2023 | CA$426.6b | CA$157.1b | CA$13.8b | 19x | 31x | 2.7x |
| Tue, 30 May 2023 | CA$420.7b | CA$157.6b | CA$13.7b | 19.5x | 30.7x | 2.7x |
| Thu, 27 Apr 2023 | CA$422.8b | CA$154.8b | CA$14.2b | 19.7x | 29.9x | 2.7x |
| Sat, 25 Mar 2023 | CA$415.3b | CA$154.3b | CA$14.0b | 19.9x | 29.8x | 2.7x |
| Mon, 20 Feb 2023 | CA$417.5b | CA$151.5b | CA$14.5b | 17.8x | 28.8x | 2.8x |
| Wed, 18 Jan 2023 | CA$418.0b | CA$148.9b | CA$12.7b | 16.6x | 32.9x | 2.8x |
| Fri, 16 Dec 2022 | CA$408.6b | CA$149.5b | CA$12.7b | 17x | 32.1x | 2.7x |
| Sun, 13 Nov 2022 | CA$397.1b | CA$148.4b | CA$12.7b | 15.1x | 31.2x | 2.7x |
| Tue, 11 Oct 2022 | CA$372.2b | CA$144.0b | CA$11.6b | 14.4x | 32.1x | 2.6x |
| Thu, 08 Sep 2022 | CA$383.3b | CA$142.4b | CA$11.5b | 16.6x | 33.2x | 2.7x |
| Sat, 06 Aug 2022 | CA$404.5b | CA$139.7b | CA$11.4b | 14.4x | 35.6x | 2.9x |
| Mon, 04 Jul 2022 | CA$361.3b | CA$136.1b | CA$13.2b | 14.2x | 27.4x | 2.7x |
| Wed, 01 Jun 2022 | CA$366.4b | CA$137.7b | CA$13.3b | 16.5x | 27.6x | 2.7x |
| Fri, 29 Apr 2022 | CA$382.2b | CA$130.3b | CA$17.9b | 18.1x | 21.4x | 2.9x |
| Sun, 27 Mar 2022 | CA$413.6b | CA$129.2b | CA$17.7b | 19.8x | 23.3x | 3.2x |
| Tue, 22 Feb 2022 | CA$391.6b | CA$127.4b | CA$17.4b | 20.6x | 22.5x | 3.1x |
| Thu, 20 Jan 2022 | CA$399.3b | CA$123.8b | CA$17.7b | 20.8x | 22.6x | 3.2x |
| Sat, 18 Dec 2021 | CA$415.2b | CA$124.2b | CA$17.9b | 18.4x | 23.2x | 3.3x |
| Mon, 15 Nov 2021 | CA$407.6b | CA$124.9b | CA$17.8b | 20.3x | 22.9x | 3.3x |
| Wed, 13 Oct 2021 | CA$374.8b | CA$118.9b | CA$17.6b | 19.7x | 21.3x | 3.2x |
| Fri, 10 Sep 2021 | CA$388.0b | CA$119.6b | CA$17.5b | 18.9x | 22.2x | 3.2x |
| Sun, 08 Aug 2021 | CA$372.4b | CA$120.4b | CA$17.5b | 19.7x | 21.3x | 3.1x |
| Sat, 01 May 2021 | CA$343.5b | CA$112.9b | CA$14.6b | 21.9x | 23.5x | 3x |
Price to Earnings Ratio
23.5x
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 27.0x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 7.0% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Industrials sector?
| CA Market | 1.25% | |
| Industrials | 1.33% | |
| Machinery | 4.30% | |
| Infrastructure | 2.61% | |
| Logistics | 2.56% | |
| Transportation | 2.25% | |
| Airlines | 1.63% | |
| Construction | 1.62% | |
| Trade Distributors | 0.96% | |
| Building | 0.76% | |
| Aerospace & Defense | 0.53% | |
| Marine and Shipping | -0.068% | |
| Professional Services | -0.32% | |
| Commercial Services | -0.66% | |
| Industrials | -2.11% | |
| Electrical | -4.10% | |
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 37.5%, which is higher than its past year's earnings growth of 20.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Infrastructure industry is expected to see its earnings decline by 8.9% 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 | |
|---|---|---|---|---|---|
| CP Canadian Pacific Kansas City | CA$119.77 | 3.6% +CA$3.9b | 13.3% | PE28.4x | |
| CNR Canadian National Railway | CA$176.79 | 1.1% +CA$1.2b | 11.0% | PE20.1x | |
| WSP WSP Global | CA$213.70 | 1.4% +CA$364.1m | 19.1% | PE48.4x | |
| ATS ATS | CA$45.05 | 8.1% +CA$333.4m | -20.2% | PE25.5x | |
| ATRL AtkinsRéalis | CA$56.00 | 3.2% +CA$307.2m | 80.1% | PE34.2x |
