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Canadian (TSX) Industrials Sector Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies117
  • 7D-2.2%
  • 3M1.2%
  • 1Y12.5%
  • YTD6.7%

Over the last 7 days, the Industrials industry has dropped 2.2%, driven by declines in Thomson Reuters and Canadian National Railway of 4.8% and 4.4%, respectively. In contrast, AtkinsRéalis Group has gained 12%. Over the past 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Nov 2024CA$484.7bCA$197.8bCA$17.5b22.8x27.7x2.5x
Fri, 18 Oct 2024CA$494.3bCA$195.1bCA$17.2b23.1x28.7x2.5x
Sun, 15 Sep 2024CA$489.2bCA$194.6bCA$17.2b22x28.5x2.5x
Tue, 13 Aug 2024CA$462.6bCA$192.5bCA$17.3b21.7x26.7x2.4x
Thu, 11 Jul 2024CA$465.4bCA$167.0bCA$16.9b21.6x27.6x2.8x
Sat, 08 Jun 2024CA$478.6bCA$167.5bCA$16.8b21.1x28.4x2.9x
Mon, 06 May 2024CA$470.7bCA$166.3bCA$17.4b19.8x27.1x2.8x
Wed, 03 Apr 2024CA$487.6bCA$164.8bCA$17.9b20.6x27.2x3x
Fri, 01 Mar 2024CA$478.9bCA$164.0bCA$17.4b20x27.5x2.9x
Sun, 28 Jan 2024CA$458.4bCA$164.8bCA$16.8b19.8x27.2x2.8x
Tue, 26 Dec 2023CA$447.5bCA$164.5bCA$16.1b19x27.8x2.7x
Thu, 23 Nov 2023CA$422.6bCA$163.6bCA$15.8b18.7x26.8x2.6x
Sat, 21 Oct 2023CA$398.8bCA$161.1bCA$15.8b16.8x25.2x2.5x
Mon, 18 Sep 2023CA$432.6bCA$160.7bCA$15.8b17.6x27.4x2.7x
Wed, 16 Aug 2023CA$426.9bCA$160.3bCA$15.8b15x27.1x2.7x
Fri, 14 Jul 2023CA$417.3bCA$156.7bCA$13.7b18.9x30.4x2.7x
Sun, 11 Jun 2023CA$411.7bCA$157.3bCA$13.8b18.7x29.9x2.6x
Tue, 09 May 2023CA$421.9bCA$155.0bCA$13.7b18.9x30.7x2.7x
Thu, 06 Apr 2023CA$416.4bCA$153.6bCA$13.9b19.8x30x2.7x
Sat, 04 Mar 2023CA$423.4bCA$152.5bCA$14.2b19x29.7x2.8x
Mon, 30 Jan 2023CA$408.6bCA$149.5bCA$12.9b17.8x31.7x2.7x
Wed, 28 Dec 2022CA$399.2bCA$149.4bCA$12.7b16.5x31.4x2.7x
Fri, 25 Nov 2022CA$412.7bCA$148.7bCA$12.7b16.9x32.5x2.8x
Sun, 23 Oct 2022CA$377.6bCA$144.0bCA$11.6b14.1x32.6x2.6x
Tue, 20 Sep 2022CA$389.7bCA$142.8bCA$11.6b16x33.7x2.7x
Thu, 18 Aug 2022CA$409.5bCA$141.9bCA$11.5b14.9x35.5x2.9x
Sat, 16 Jul 2022CA$365.2bCA$136.5bCA$13.2b13.8x27.7x2.7x
Mon, 13 Jun 2022CA$356.4bCA$135.8bCA$13.2b14.9x27.1x2.6x
Wed, 11 May 2022CA$356.1bCA$133.6bCA$13.1b17.6x27.1x2.7x
Fri, 08 Apr 2022CA$399.4bCA$129.3bCA$17.8b19.5x22.5x3.1x
Sun, 06 Mar 2022CA$402.4bCA$128.3bCA$17.8b20.2x22.6x3.1x
Tue, 01 Feb 2022CA$397.2bCA$124.4bCA$17.8b19.9x22.4x3.2x
Thu, 30 Dec 2021CA$414.4bCA$124.2bCA$17.9b19.5x23.1x3.3x
Sat, 27 Nov 2021CA$405.4bCA$125.4bCA$18.0b19.8x22.6x3.2x
Price to Earnings Ratio

22.6x


Total Market Cap: CA$405.4bTotal Earnings: CA$18.0bTotal Revenue: CA$125.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 28.1x202220232024
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 28.1x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
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 16% 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 Market0.41%
Industrials-2.23%
Aerospace & Defense10.90%
Building4.42%
Electrical2.72%
Construction2.38%
Commercial Services1.73%
Marine and Shipping1.20%
Machinery1.01%
Industrials0.64%
Airlines0.19%
Infrastructure-0.97%
Trade Distributors-3.40%
Transportation-3.90%
Logistics-4.73%
Professional Services-5.08%
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 82.1%, which is higher than its past year's earnings growth of 13.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 82% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Airlines industry is expected to see its earnings decline by 18% 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
ATRL AtkinsRéalis GroupCA$72.1412.4%
+CA$1.4b		66.8%PE39.2x
GFL GFL EnvironmentalCA$63.651.5%
+CA$381.6m		58.8%PS3.2x
CAE CAECA$31.373.9%
+CA$379.1m		9.5%PS2.3x
EFN Element Fleet ManagementCA$28.842.1%
+CA$234.7m		37.3%PE22.9x
BDT Bird ConstructionCA$29.395.0%
+CA$77.0m		149.3%PE17.8x
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