Velan Inc.'s (TSE:VLN) Shares Climb 34% But Its Business Is Yet to Catch Up
Feb 10
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Canadian (TSX) Machinery Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies21
- 7D0.6%
- 3M-11.7%
- 1Y-10.1%
- YTD-9.8%
In the last week, the Machinery industry is up 2.1%, with NFI Group up 13%. In the past year, the industry is down 11%. Looking forward, earnings are forecast to grow by 55% annually.
Industry Valuation and Performance
Has the Canadian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | CA$8.4b | CA$10.9b | -CA$40,550,971.93 | 29.5x | -207.5x | 0.8x |
| Sun, 19 Jan 2025 | CA$8.5b | CA$11.4b | -CA$191,057,378.63 | 30.1x | -44.6x | 0.7x |
| Tue, 17 Dec 2024 | CA$9.3b | CA$11.4b | -CA$152,734,102.48 | 32.7x | -61.2x | 0.8x |
| Thu, 14 Nov 2024 | CA$9.2b | CA$11.2b | -CA$166,083,973.01 | 33.9x | -55.4x | 0.8x |
| Sat, 12 Oct 2024 | CA$9.6b | CA$11.4b | -CA$112,460,414.82 | 33.2x | -85.4x | 0.8x |
| Mon, 09 Sep 2024 | CA$9.0b | CA$11.3b | -CA$109,796,195.17 | 26.2x | -81.7x | 0.8x |
| Wed, 07 Aug 2024 | CA$9.4b | CA$11.4b | -CA$110,884,817.96 | 20.9x | -84.5x | 0.8x |
| Fri, 05 Jul 2024 | CA$9.5b | CA$11.1b | -CA$170,346,045.61 | 23x | -55.9x | 0.9x |
| Sun, 02 Jun 2024 | CA$9.5b | CA$11.2b | -CA$166,258,935.57 | 22x | -56.9x | 0.8x |
| Tue, 30 Apr 2024 | CA$9.2b | CA$10.8b | -CA$268,026,945.15 | 25.4x | -34.1x | 0.8x |
| Thu, 28 Mar 2024 | CA$10.0b | CA$10.8b | -CA$254,856,581.18 | 22.4x | -39.2x | 0.9x |
| Sat, 24 Feb 2024 | CA$10.1b | CA$10.6b | -CA$483,718,518.86 | 22.2x | -20.8x | 0.9x |
| Mon, 22 Jan 2024 | CA$11.3b | CA$10.9b | -CA$564,532,061.00 | 24.9x | -20x | 1x |
| Wed, 20 Dec 2023 | CA$11.5b | CA$10.9b | -CA$547,902,450.00 | 28.2x | -21x | 1.1x |
| Fri, 17 Nov 2023 | CA$10.8b | CA$11.0b | -CA$576,117,716.00 | 20.6x | -18.7x | 1x |
| Sun, 15 Oct 2023 | CA$10.8b | CA$10.5b | -CA$612,060,360.00 | 20.9x | -17.7x | 1x |
| Tue, 12 Sep 2023 | CA$11.5b | CA$10.4b | -CA$606,894,461.00 | 21.3x | -18.9x | 1.1x |
| Thu, 10 Aug 2023 | CA$11.1b | CA$9.9b | -CA$656,540,512.00 | 22.8x | -16.9x | 1.1x |
| Sat, 08 Jul 2023 | CA$11.1b | CA$9.8b | -CA$599,455,040.00 | 24.6x | -18.6x | 1.1x |
| Mon, 05 Jun 2023 | CA$10.9b | CA$9.8b | -CA$604,608,035.00 | 25.5x | -18x | 1.1x |
| Wed, 03 May 2023 | CA$10.5b | CA$9.5b | -CA$503,528,086.00 | 27.4x | -20.8x | 1.1x |
| Fri, 31 Mar 2023 | CA$10.0b | CA$9.4b | -CA$546,028,750.00 | 21.8x | -18.3x | 1.1x |
| Sun, 26 Feb 2023 | CA$10.2b | CA$9.4b | -CA$247,830,234.00 | 29.1x | -41.1x | 1.1x |
| Tue, 24 Jan 2023 | CA$9.7b | CA$9.2b | -CA$242,934,523.00 | 27x | -40.1x | 1.1x |
| Thu, 22 Dec 2022 | CA$8.5b | CA$9.3b | -CA$250,557,491.00 | 23.8x | -34.1x | 0.9x |
| Sat, 19 Nov 2022 | CA$8.6b | CA$9.2b | -CA$197,484,288.00 | 23.5x | -43.8x | 0.9x |
| Mon, 17 Oct 2022 | CA$8.7b | CA$9.1b | -CA$705,635.00 | 15.1x | -12372.1x | 1x |
| Wed, 14 Sep 2022 | CA$9.2b | CA$8.8b | -CA$2,106,609.00 | 16.9x | -4369.1x | 1x |
| Fri, 12 Aug 2022 | CA$9.8b | CA$7.4b | CA$35.2m | 14.7x | 279.8x | 1.3x |
| Sun, 10 Jul 2022 | CA$8.6b | CA$8.8b | -CA$117,540,386.00 | 20.9x | -73.3x | 1x |
| Tue, 07 Jun 2022 | CA$9.1b | CA$8.7b | -CA$104,839,929.00 | 20.2x | -87.3x | 1x |
| Thu, 05 May 2022 | CA$9.5b | CA$8.6b | -CA$67,709,665.00 | 31.3x | -139.8x | 1.1x |
| Sat, 02 Apr 2022 | CA$11.5b | CA$8.5b | -CA$59,217,484.00 | 37.9x | -194.7x | 1.4x |
| Mon, 28 Feb 2022 | CA$12.3b | CA$8.3b | -CA$36,892,567.00 | 41.2x | -332.9x | 1.5x |
Price to Earnings Ratio
-332.9x
Current Industry PE
- Investors are pessimistic on the Canadian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.99x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 9.6% 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 | -0.52% | |
| Industrials | -0.92% | |
| Machinery | 0.57% | |
| Construction Machinery and Vehicles | 8.22% | |
| Industrial Machinery | -1.07% | |
| Agricultural Machinery | -1.62% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 30.4x.
- Analysts are expecting annual earnings growth of 40.6%, which is higher than its past year's earnings decline of 48.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 108% over the next 5 years.
- However this is lower than its past earnings growth rate of 242% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 41% 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 | |
|---|---|---|---|---|---|
| NFI NFI Group | CA$11.16 | 10.8% +CA$129.7m | -7.7% | PS0.3x | |
| VLN Velan | CA$15.51 | 7.4% +CA$23.1m | 199.4% | PS0.6x | |
| ENW EnWave | CA$0.27 | 17.4% +CA$4.4m | 3.8% | PS3.7x | |
| FHYD First Hydrogen | CA$0.39 | 6.9% +CA$1.8m | -73.8% | PE-3.7x | |
| DST Dundee Sustainable Technologies | CA$0.11 | 4.8% +CA$333.5k | -4.3% | PS3.4x |