Is It Time To Consider Buying Hammond Power Solutions Inc. (TSE:HPS.A)?
Aug 20
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Canadian (TSX) Electrical Industry Analysis
UpdatedAug 21, 2025
DataAggregated Company Financials
Companies13
- 7D-2.7%
- 3M29.1%
- 1Y16.4%
- YTD2.4%
In the last week, the Electrical industry is up 1.1%, with Ballard Power Systems up 3.5%. Meanwhile, Hammond Power Solutions actually underperformed within the industry, shrinking 5.5% in the last week. In the last 12 months, the industry was up 21%. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Canadian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Aug 2025 | CA$3.1b | CA$1.3b | -CA$368,128,734.68 | 18.7x | -8.5x | 2.4x |
| Sat, 19 Jul 2025 | CA$3.0b | CA$1.2b | -CA$375,131,867.89 | 11.5x | -8.1x | 2.5x |
| Mon, 16 Jun 2025 | CA$2.7b | CA$1.2b | -CA$366,348,676.09 | 10.4x | -7.4x | 2.2x |
| Wed, 14 May 2025 | CA$2.4b | CA$1.2b | -CA$649,633,539.10 | 9.6x | -3.7x | 2x |
| Fri, 11 Apr 2025 | CA$2.1b | CA$1.2b | -CA$721,626,686.42 | 8.8x | -2.9x | 1.7x |
| Sun, 09 Mar 2025 | CA$2.2b | CA$1.2b | -CA$737,377,374.99 | 10.2x | -3x | 1.8x |
| Tue, 04 Feb 2025 | CA$2.6b | CA$1.2b | -CA$733,531,325.77 | 5.4x | -3.6x | 2.1x |
| Thu, 02 Jan 2025 | CA$3.0b | CA$1.2b | -CA$720,221,965.85 | 6.4x | -4.1x | 2.4x |
| Sat, 30 Nov 2024 | CA$2.9b | CA$1.2b | -CA$721,138,944.16 | 24.9x | -4x | 2.4x |
| Mon, 28 Oct 2024 | CA$3.0b | CA$1.2b | -CA$278,070,716.65 | 25.3x | -10.7x | 2.4x |
| Wed, 25 Sep 2024 | CA$3.0b | CA$1.2b | -CA$271,517,047.08 | 26.3x | -11.1x | 2.5x |
| Fri, 23 Aug 2024 | CA$2.8b | CA$1.2b | -CA$305,842,318.54 | 19.9x | -9.2x | 2.3x |
| Sun, 21 Jul 2024 | CA$3.0b | CA$1.2b | -CA$288,129,336.41 | 22.2x | -10.4x | 2.5x |
| Tue, 18 Jun 2024 | CA$3.1b | CA$1.2b | -CA$289,219,641.57 | 21.3x | -10.6x | 2.6x |
| Thu, 16 May 2024 | CA$3.4b | CA$1.2b | -CA$275,966,403.21 | 15.5x | -12.4x | 2.9x |
| Sat, 13 Apr 2024 | CA$3.9b | CA$1.2b | -CA$259,950,279.45 | 29.3x | -15.1x | 3.4x |
| Mon, 11 Mar 2024 | CA$3.4b | CA$1.1b | -CA$278,865,050.35 | 22.3x | -12.3x | 3.2x |
| Wed, 07 Feb 2024 | CA$3.2b | CA$1.1b | -CA$275,924,873.78 | 13.6x | -11.7x | 3x |
| Fri, 05 Jan 2024 | CA$3.2b | CA$1.1b | -CA$282,728,297.00 | 15.8x | -11.2x | 2.8x |
| Sun, 03 Dec 2023 | CA$3.2b | CA$1.1b | -CA$295,362,354.00 | 15.3x | -10.9x | 2.9x |
| Tue, 31 Oct 2023 | CA$3.0b | CA$1.1b | -CA$285,576,720.00 | 13x | -10.6x | 2.7x |
| Thu, 28 Sep 2023 | CA$3.0b | CA$1.1b | -CA$281,033,010.00 | 9.8x | -10.7x | 2.8x |
| Sat, 26 Aug 2023 | CA$3.2b | CA$1.1b | -CA$271,061,545.00 | 11.1x | -11.9x | 3x |
| Mon, 24 Jul 2023 | CA$3.4b | CA$1.0b | -CA$297,330,507.00 | 11.8x | -11.4x | 3.3x |
| Wed, 21 Jun 2023 | CA$3.2b | CA$1.0b | -CA$297,534,340.00 | 10.8x | -10.7x | 3.1x |
| Fri, 19 May 2023 | CA$3.3b | CA$1.0b | -CA$310,368,933.00 | 9.8x | -10.6x | 3.1x |
| Sun, 16 Apr 2023 | CA$3.4b | CA$988.7m | -CA$341,888,215.00 | 9.8x | -10.1x | 3.5x |
| Tue, 14 Mar 2023 | CA$3.5b | CA$1.0b | -CA$352,249,036.00 | 9x | -10x | 3.5x |
| Thu, 09 Feb 2023 | CA$3.7b | CA$944.2m | -CA$351,080,893.00 | 7.3x | -10.5x | 3.9x |
| Sat, 07 Jan 2023 | CA$3.0b | CA$940.1m | -CA$343,223,674.00 | 7.2x | -8.9x | 3.2x |
| Mon, 05 Dec 2022 | CA$3.5b | CA$940.3m | -CA$340,300,900.00 | 8.4x | -10.3x | 3.7x |
| Wed, 02 Nov 2022 | CA$3.1b | CA$935.8m | -CA$318,561,592.00 | 7.9x | -9.7x | 3.3x |
| Fri, 30 Sep 2022 | CA$3.3b | CA$882.1m | -CA$326,708,526.00 | 6.5x | -10.1x | 3.7x |
| Sun, 28 Aug 2022 | CA$3.9b | CA$873.3m | -CA$307,137,229.00 | 6.7x | -12.8x | 4.5x |
Price to Earnings Ratio
-12.8x
Current Industry PE
- Investors are pessimistic on the Canadian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- 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 Electrical industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 13% 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, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | -0.044% | |
| Industrials | 0.13% | |
| Electrical | -2.65% | |
| Heavy Electrical Equipment | 0% | 0 |
| Electrical Components | -2.65% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| BLDP Ballard Power Systems | CA$2.64 | 3.5% +CA$27.1m | 2.3% | PS7.9x | |
| NHHH FuelPositive | CA$0.075 | 25.0% +CA$8.3m | 87.5% | PB2.7x | |
| SPRQ SPARQ Systems | CA$0.80 | 5.3% +CA$4.7m | 12.7% | PS56.6x | |
| EMM Giyani Metals | CA$0.06 | -14.3% CA$826.5k | -36.8% | PB1.1x | |
| NBM NEO Battery Materials | CA$0.45 | 1.1% +CA$605.5k | 345.0% | PB111.4x |
