Narrative Update • Apr 26
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Canadian (TSX) Machinery Industry Analysis
UpdatedMay 20, 2026
DataAggregated Company Financials
Companies16
- 7D-4.0%
- 3M2.6%
- 1Y14.8%
- YTD14.2%
Over the last 7 days, the Machinery industry has dropped 4.0%, driven by ATS declining 5.3%. In contrast, Sharc International Systems has gained 25%. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 61% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | CA$9.9b | CA$10.7b | -CA$158,105,952.73 | 23.6x | -62.3x | 0.9x |
| Sat, 18 Apr 2026 | CA$9.6b | CA$11.0b | -CA$173,924,727.68 | 42.9x | -55.1x | 0.9x |
| Mon, 16 Mar 2026 | CA$8.5b | CA$11.0b | -CA$160,574,728.71 | 50.6x | -53x | 0.8x |
| Wed, 11 Feb 2026 | CA$8.9b | CA$10.7b | -CA$363,819,874.48 | 58.9x | -24.5x | 0.8x |
| Fri, 09 Jan 2026 | CA$8.5b | CA$10.6b | -CA$464,100,948.45 | 21x | -18.2x | 0.8x |
| Sun, 07 Dec 2025 | CA$8.1b | CA$10.8b | -CA$450,190,415.88 | 20.5x | -18x | 0.8x |
| Tue, 04 Nov 2025 | CA$8.5b | CA$10.5b | -CA$325,286,521.61 | 26.7x | -26.3x | 0.8x |
| Thu, 02 Oct 2025 | CA$8.3b | CA$10.5b | -CA$322,848,391.25 | 26.6x | -25.6x | 0.8x |
| Sat, 30 Aug 2025 | CA$9.0b | CA$10.4b | -CA$316,958,077.18 | 27.5x | -28.4x | 0.9x |
| Mon, 28 Jul 2025 | CA$9.7b | CA$10.3b | -CA$137,876,169.50 | 42.4x | -70.6x | 0.9x |
| Wed, 25 Jun 2025 | CA$9.2b | CA$10.3b | -CA$165,637,585.84 | 35.5x | -55.5x | 0.9x |
| Fri, 23 May 2025 | CA$8.3b | CA$10.7b | -CA$24,153,950.59 | 39.2x | -343.7x | 0.8x |
| Sun, 20 Apr 2025 | CA$7.2b | CA$10.6b | -CA$43,059,880.27 | 24.3x | -167x | 0.7x |
| Tue, 18 Mar 2025 | CA$8.2b | CA$11.1b | -CA$53,334,602.55 | 31x | -153.6x | 0.7x |
| Thu, 13 Feb 2025 | CA$8.2b | CA$11.0b | -CA$41,875,627.93 | 30.5x | -196.6x | 0.7x |
| Sat, 11 Jan 2025 | CA$8.9b | CA$11.4b | -CA$156,695,412.80 | 32.1x | -56.5x | 0.8x |
| Mon, 09 Dec 2024 | CA$9.5b | CA$11.3b | -CA$151,619,970.43 | 33.2x | -62.7x | 0.8x |
| Wed, 06 Nov 2024 | CA$9.6b | CA$11.4b | -CA$119,409,067.23 | 31x | -80.6x | 0.8x |
| Fri, 04 Oct 2024 | CA$9.6b | CA$11.3b | -CA$110,337,843.69 | 32.8x | -87.4x | 0.9x |
| Sun, 01 Sep 2024 | CA$9.3b | CA$11.2b | -CA$107,644,930.59 | 25.1x | -86.4x | 0.8x |
| Tue, 30 Jul 2024 | CA$9.6b | CA$11.2b | -CA$169,365,676.39 | 24x | -56.7x | 0.9x |
| Thu, 27 Jun 2024 | CA$9.2b | CA$11.2b | -CA$168,841,194.47 | 20.5x | -54.5x | 0.8x |
| Sat, 25 May 2024 | CA$9.2b | CA$11.2b | -CA$167,557,379.40 | 22x | -55.1x | 0.8x |
| Mon, 22 Apr 2024 | CA$8.9b | CA$10.9b | -CA$274,562,958.30 | 23.9x | -32.6x | 0.8x |
| Wed, 20 Mar 2024 | CA$9.8b | CA$10.8b | -CA$259,056,484.68 | 21.6x | -37.8x | 0.9x |
| Fri, 16 Feb 2024 | CA$10.2b | CA$10.6b | -CA$481,820,744.56 | 22.8x | -21.2x | 1x |
| Sun, 14 Jan 2024 | CA$11.3b | CA$10.9b | -CA$564,400,724.00 | 27.3x | -20x | 1x |
| Tue, 12 Dec 2023 | CA$10.9b | CA$11.0b | -CA$563,302,314.00 | 24.7x | -19.4x | 1x |
| Thu, 09 Nov 2023 | CA$10.0b | CA$10.6b | -CA$620,751,865.00 | 21.6x | -16.2x | 0.9x |
| Sat, 07 Oct 2023 | CA$10.9b | CA$10.5b | -CA$612,345,700.00 | 20.1x | -17.8x | 1x |
| Mon, 04 Sep 2023 | CA$11.9b | CA$10.5b | -CA$607,964,002.00 | 20.7x | -19.5x | 1.1x |
| Wed, 02 Aug 2023 | CA$11.6b | CA$9.8b | -CA$592,696,470.00 | 25.1x | -19.6x | 1.2x |
| Fri, 30 Jun 2023 | CA$11.1b | CA$9.8b | -CA$596,822,618.00 | 24.6x | -18.5x | 1.1x |
| Sun, 28 May 2023 | CA$10.7b | CA$9.9b | -CA$606,893,954.00 | 26x | -17.7x | 1.1x |
Price to Earnings Ratio
-17.7x
Current Industry PE
- Investors are relatively neutral on the Canadian Machinery 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 PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have improved over the last three years.
- Revenues for these companies have grown 2.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | -1.95% | |
| Industrials | -0.12% | |
| Machinery | -3.97% | |
| Construction Machinery and Vehicles | -3.71% | |
| Industrial Machinery | -3.93% | |
| Agricultural Machinery | -5.91% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 115x.
- Analysts are expecting annual earnings growth of 47.3%, which is higher than its past year's earnings decline of 9.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 99% over the next 5 years.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 47% 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 | |
|---|---|---|---|---|---|
| SIS Savaria | CA$27.95 | 2.3% +CA$45.3m | 44.7% | PE25.5x | |
| WPRT Westport Fuel Systems | CA$2.81 | 3.7% +CA$1.7m | -31.1% | PS1.9x | |
| VLN Velan | CA$15.57 | 0.5% +CA$1.5m | -10.5% | PE16x | |
| FHYD First Hydrogen | CA$0.49 | 2.1% +CA$920.5k | -2.9% | PE-15.6x | |
| SHRC Sharc International Systems | CA$0.15 | 3.4% +CA$822.8k | 50.0% | PS8.1x |