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Canadian (TSX) Electrical Industry Analysis

UpdatedMay 10, 2025
DataAggregated Company Financials
Companies13
  • 7D3.1%
  • 3M-4.2%
  • 1Y-28.3%
  • YTD-22.2%

The Electrical industry is up 3.1% in the last week, with Ballard Power Systems up 7.5%. In contrast, the industry has lost 28% in the last 12 months. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Canadian Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 May 2025CA$2.3bCA$1.2b-CA$649,506,455.199x-3.6x1.9x
Tue, 08 Apr 2025CA$2.0bCA$1.2b-CA$730,163,267.908.4x-2.7x1.6x
Thu, 06 Mar 2025CA$2.2bCA$1.2b-CA$738,582,894.099.8x-2.9x1.8x
Sat, 01 Feb 2025CA$2.7bCA$1.2b-CA$732,469,807.665.7x-3.7x2.2x
Mon, 30 Dec 2024CA$3.0bCA$1.2b-CA$721,424,074.626.4x-4.1x2.4x
Wed, 27 Nov 2024CA$3.0bCA$1.2b-CA$723,235,140.9223.7x-4.1x2.4x
Fri, 25 Oct 2024CA$3.0bCA$1.2b-CA$277,393,719.4525.4x-10.7x2.4x
Sun, 22 Sep 2024CA$3.1bCA$1.2b-CA$273,522,646.6625.9x-11.2x2.5x
Tue, 20 Aug 2024CA$2.8bCA$1.2b-CA$307,002,409.7820.7x-9.2x2.3x
Thu, 18 Jul 2024CA$3.1bCA$1.2b-CA$287,466,804.9222.1x-10.9x2.6x
Sat, 15 Jun 2024CA$3.2bCA$1.2b-CA$289,386,865.1022.6x-11x2.7x
Mon, 13 May 2024CA$3.2bCA$1.2b-CA$275,557,187.2922.6x-11.5x2.7x
Wed, 10 Apr 2024CA$4.0bCA$1.2b-CA$256,997,924.4229.5x-15.5x3.4x
Fri, 08 Mar 2024CA$3.4bCA$1.1b-CA$278,256,727.4522.3x-12.2x3.1x
Sun, 04 Feb 2024CA$3.3bCA$1.1b-CA$279,953,107.0019.1x-11.7x2.9x
Tue, 02 Jan 2024CA$3.2bCA$1.1b-CA$281,817,951.0015.8x-11.4x2.9x
Thu, 30 Nov 2023CA$3.1bCA$1.1b-CA$298,140,870.0015.5x-10.5x2.8x
Sat, 28 Oct 2023CA$3.0bCA$1.1b-CA$286,238,934.0012.6x-10.5x2.7x
Mon, 25 Sep 2023CA$3.1bCA$1.1b-CA$279,142,286.0010.5x-11x2.8x
Wed, 23 Aug 2023CA$3.2bCA$1.1b-CA$270,327,019.0010.7x-11.9x3x
Fri, 21 Jul 2023CA$3.4bCA$1.0b-CA$296,573,415.0012.9x-11.5x3.3x
Sun, 18 Jun 2023CA$3.2bCA$1.0b-CA$297,039,318.0010.6x-10.7x3.1x
Tue, 16 May 2023CA$3.3bCA$1.0b-CA$309,832,801.0010x-10.7x3.2x
Thu, 13 Apr 2023CA$3.5bCA$989.6m-CA$343,306,433.009.8x-10.1x3.5x
Sat, 11 Mar 2023CA$3.6bCA$1.0b-CA$354,174,316.009.3x-10.1x3.5x
Mon, 06 Feb 2023CA$3.8bCA$943.7m-CA$350,245,022.007.8x-10.8x4x
Wed, 04 Jan 2023CA$2.8bCA$942.3m-CA$347,331,698.006.6x-8.2x3x
Fri, 02 Dec 2022CA$3.4bCA$939.8m-CA$326,027,942.008.4x-10.5x3.6x
Sun, 30 Oct 2022CA$3.1bCA$935.5m-CA$317,990,896.007.6x-9.7x3.3x
Tue, 27 Sep 2022CA$3.4bCA$881.6m-CA$319,042,750.006.5x-10.7x3.9x
Thu, 25 Aug 2022CA$3.7bCA$873.1m-CA$308,921,984.006.7x-11.9x4.2x
Sat, 23 Jul 2022CA$3.5bCA$814.7m-CA$254,496,995.005.8x-13.8x4.3x
Mon, 20 Jun 2022CA$3.1bCA$816.5m-CA$256,632,130.006.1x-12.1x3.8x
Wed, 18 May 2022CA$3.3bCA$814.3m-CA$252,413,091.007.4x-12.9x4x
Price to Earnings Ratio

-12.9x


Total Market Cap: CA$3.3bTotal Earnings: -CA$252,413,091.00Total Revenue: CA$814.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.9x202320242025
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 3.0x is higher than the industry's current PS ratio of 1.9x.
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 15% 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 Market1.77%
Industrials1.49%
Electrical3.07%
Electrical Components3.11%
Heavy Electrical Equipment-4.76%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 18% over the next 5 years.
    • However this is lower than its past earnings growth rate of 30% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow 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
    		BLDP Ballard Power SystemsCA$1.877.5%
    +CA$39.0m    		-51.6%PS5.7x
    		HPS.A Hammond Power SolutionsCA$94.911.2%
    +CA$13.9m    		-10.3%PE12.6x
    		SPRQ SPARQ SystemsCA$0.928.2%
    +CA$8.1m    		127.2%PS64.3x
    		EXRO Exro TechnologiesCA$0.138.3%
    +CA$5.6m    		-80.3%PS3.2x
    		ELVA ElectrovayaCA$3.813.0%
    +CA$4.4m    		-11.4%PS2.5x
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    Latest News

    BLDP

    CA$1.87

    Ballard Power Systems

    7D

    7.5%

    1Y

    -51.6%

    Analyst Estimates: Here's What Brokers Think Of Ballard Power Systems Inc. (TSE:BLDP) After Its First-Quarter Report

    May 09
    Analyst Estimates: Here's What Brokers Think Of Ballard Power Systems Inc. (TSE:BLDP) After Its First-Quarter Report

    HEAT

    CA$0.10

    Hillcrest Energy Technologies

    7D

    -4.8%

    1Y

    -60.8%

    HPS.A

    CA$94.91

    Hammond Power Solutions

    7D

    1.2%

    1Y

    -10.3%

    NBM

    CA$0.60

    NEO Battery Materials

    7D

    -4.8%

    1Y

    328.6%

    EXRO

    CA$0.13

    Exro Technologies

    7D

    8.3%

    1Y

    -80.3%

    SPRQ

    CA$0.92

    SPARQ Systems

    7D

    8.2%

    1Y

    127.2%

    SPARQ Systems (CVE:SPRQ) Is In A Good Position To Deliver On Growth Plans

    May 02
    SPARQ Systems (CVE:SPRQ) Is In A Good Position To Deliver On Growth Plans

    ELVA

    CA$3.81

    Electrovaya

    7D

    3.0%

    1Y

    -11.4%

    DYA

    CA$0.15

    dynaCERT

    7D

    -3.1%

    1Y

    14.8%

    HMM.A

    CA$9.00

    Hammond Manufacturing

    7D

    1.7%

    1Y

    -16.4%

    We Think Hammond Manufacturing (TSE:HMM.A) Is Taking Some Risk With Its Debt

    Apr 09
    We Think Hammond Manufacturing (TSE:HMM.A) Is Taking Some Risk With Its Debt

    SWAN

    CA$0.82

    Black Swan Graphene

    7D

    3.8%

    1Y

    -21.2%

    EMM

    CA$0.08

    Giyani Metals

    7D

    -5.9%

    1Y

    -15.8%

    BES

    CA$0.045

    Braille Energy Systems

    7D

    -10.0%

    1Y

    -52.6%

    FCLI

    CA$0.33

    Full Circle Lithium

    7D

    16.1%

    1Y

    -13.3%