There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings
Aug 08
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Canadian (TSX) Commercial Services Industry Analysis
UpdatedAug 12, 2025
DataAggregated Company Financials
Companies21
- 7D1.7%
- 3M7.0%
- 1Y24.9%
- YTD10.7%
The Commercial Services industry has been flat over the last week, but GDI Integrated Facility Services has lost 18%. The past year has been better, since the industry has gained 25% in that time. Looking forward, earnings are forecast to grow by 4.6% annually.
Industry Valuation and Performance
Has the Canadian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 Aug 2025 | CA$47.9b | CA$20.9b | CA$620.0m | 24.3x | 77.3x | 2.3x |
| Thu, 10 Jul 2025 | CA$46.1b | CA$20.8b | -CA$216,491,135.85 | 21x | -212.9x | 2.2x |
| Sat, 07 Jun 2025 | CA$45.3b | CA$20.8b | -CA$200,714,509.51 | 19.9x | -225.5x | 2.2x |
| Mon, 05 May 2025 | CA$45.9b | CA$20.9b | -CA$237,091,947.88 | 23.4x | -193.6x | 2.2x |
| Wed, 02 Apr 2025 | CA$46.7b | CA$20.9b | -CA$176,089,455.44 | 22.6x | -265.2x | 2.2x |
| Fri, 28 Feb 2025 | CA$45.2b | CA$20.3b | -CA$80,036,683.85 | 21.1x | -565.2x | 2.2x |
| Sun, 26 Jan 2025 | CA$44.5b | CA$21.0b | CA$28.3m | 23.3x | 1572.2x | 2.1x |
| Tue, 24 Dec 2024 | CA$45.3b | CA$21.0b | CA$29.3m | 23.8x | 1546.3x | 2.2x |
| Thu, 21 Nov 2024 | CA$44.9b | CA$20.8b | CA$10.8m | 26.5x | 4162.1x | 2.2x |
| Sat, 19 Oct 2024 | CA$43.0b | CA$20.5b | -CA$91,370,628.45 | 24.4x | -470.7x | 2.1x |
| Mon, 16 Sep 2024 | CA$41.0b | CA$20.4b | -CA$100,323,278.94 | 23x | -408.6x | 2x |
| Wed, 14 Aug 2024 | CA$39.4b | CA$20.5b | -CA$16,553,378.63 | 31.6x | -2382.5x | 1.9x |
| Fri, 12 Jul 2024 | CA$38.3b | CA$20.2b | CA$657.4m | 30.4x | 58.3x | 1.9x |
| Sun, 09 Jun 2024 | CA$37.3b | CA$20.4b | CA$621.6m | 32.3x | 60x | 1.8x |
| Tue, 07 May 2024 | CA$35.3b | CA$20.0b | CA$647.1m | 20.8x | 54.6x | 1.8x |
| Thu, 04 Apr 2024 | CA$35.5b | CA$20.0b | CA$596.9m | 29.6x | 59.5x | 1.8x |
| Sat, 02 Mar 2024 | CA$37.9b | CA$19.8b | CA$580.9m | 30.6x | 65.2x | 1.9x |
| Mon, 29 Jan 2024 | CA$36.2b | CA$19.7b | CA$220.8m | 23.9x | 164x | 1.8x |
| Wed, 27 Dec 2023 | CA$34.5b | CA$19.6b | CA$212.0m | 21.9x | 162.7x | 1.8x |
| Fri, 24 Nov 2023 | CA$24.2b | CA$17.9b | -CA$208,407,423.00 | 22.2x | -116.2x | 1.4x |
| Sun, 22 Oct 2023 | CA$24.0b | CA$17.5b | -CA$403,731,206.00 | 28.5x | -59.4x | 1.4x |
| Tue, 19 Sep 2023 | CA$26.5b | CA$17.4b | -CA$407,094,003.00 | 31.2x | -65.1x | 1.5x |
| Thu, 17 Aug 2023 | CA$26.1b | CA$17.4b | -CA$406,961,760.00 | 19x | -64.1x | 1.5x |
| Sat, 15 Jul 2023 | CA$28.2b | CA$16.6b | -CA$682,370,110.00 | 27x | -41.3x | 1.7x |
| Mon, 12 Jun 2023 | CA$27.9b | CA$16.6b | -CA$689,867,286.00 | 25.2x | -40.5x | 1.7x |
| Wed, 10 May 2023 | CA$27.8b | CA$16.2b | -CA$723,625,371.00 | 20.7x | -38.5x | 1.7x |
| Fri, 07 Apr 2023 | CA$24.7b | CA$15.8b | -CA$306,227,869.00 | 20.1x | -80.7x | 1.6x |
| Sun, 05 Mar 2023 | CA$24.1b | CA$15.5b | -CA$322,523,690.00 | 17.1x | -74.6x | 1.6x |
| Tue, 31 Jan 2023 | CA$23.1b | CA$15.3b | -CA$156,818,931.00 | 14.5x | -147.2x | 1.5x |
| Thu, 29 Dec 2022 | CA$22.1b | CA$15.4b | -CA$149,663,441.00 | 13.8x | -147.5x | 1.4x |
| Sat, 26 Nov 2022 | CA$22.4b | CA$15.3b | -CA$144,179,989.00 | 17.1x | -155.3x | 1.5x |
| Mon, 24 Oct 2022 | CA$20.8b | CA$14.4b | -CA$291,813,239.00 | 15.3x | -71.2x | 1.4x |
| Wed, 21 Sep 2022 | CA$21.9b | CA$14.3b | -CA$296,524,578.00 | 17.7x | -73.8x | 1.5x |
| Fri, 19 Aug 2022 | CA$22.2b | CA$14.2b | -CA$287,183,440.00 | 22.7x | -77.2x | 1.6x |
Price to Earnings Ratio
-77.2x
Current Industry PE
- Investors are optimistic on the Canadian Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 77.4x which is higher than its 3-year average PE of 73.1x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- Total earnings for the Commercial Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | 1.32% | |
| Industrials | -2.89% | |
| Commercial Services | 1.72% | |
| Environmental and Facilities Services | 2.13% | |
| Commercial Printing | 1.32% | |
| Diversified Support Services | 1.25% | |
| Office Services and Supplies | 0% | 0 |
| Security and Alarm Services | -0.33% | |
Industry PE
- Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 58.0x.
- Analysts are expecting annual earnings growth of 29.5%, which is higher than its past year's earnings growth of 4.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|
| GFL GFL Environmental | CA$70.24 | 2.2% +CA$548.7m | 27.0% | PE6380.3x | |
| EFN Element Fleet Management | CA$37.05 | 2.9% +CA$417.5m | 46.3% | PE26.7x | |
| BYD Boyd Group Services | CA$190.44 | 0.7% +CA$27.0m | -15.3% | PE219.3x | |
| DXT Dexterra Group | CA$9.89 | 3.6% +CA$21.0m | 70.2% | PE14.9x | |
| CGY Calian Group | CA$50.51 | 2.1% +CA$12.4m | 7.4% | PE12050.5x |
