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Canadian (TSX) Chemicals Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
  • 7D-1.1%
  • 3M13.3%
  • 1Y35.3%
  • YTD33.7%

Over the last 7 days, the Chemicals industry has dropped 1.1%, driven by a pullback from Nutrien of 1.2%. Meanwhile, Neo Performance Materials actually outperformed within the industry, gaining 6.4% in the last week. This takes the industry's 12 month performance to a gain of 35%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$59.8bCA$38.8bCA$3.2b17.1x
Thu, 28 Oct 2021CA$59.5bCA$34.6bCA$1.2b30.4x
Sat, 25 Sep 2021CA$57.0bCA$35.6bCA$1.2b19.3x
Mon, 23 Aug 2021CA$52.0bCA$34.7bCA$1.2b26.1x
Sat, 10 Jul 2021CA$51.3bCA$34.7bCA$1.2b26.2x
Fri, 02 Apr 2021CA$47.6bCA$32.7bCA$452.5m45x
Mon, 04 Jan 2021CA$43.1bCA$32.1bCA$43.4m59.6x
Thu, 08 Oct 2020CA$34.8bCA$32.7b-CA$450,445,413.3721.2x
Wed, 01 Jul 2020CA$29.0bCA$33.6bCA$662.2m22.2x
Sat, 04 Apr 2020CA$30.3bCA$35.9bCA$1.0b19.6x
Tue, 07 Jan 2020CA$42.1bCA$32.7bCA$1.1b27.7x
Mon, 30 Sep 2019CA$44.1bCA$34.9bCA$1.6b16x
Thu, 04 Jul 2019CA$48.9bCA$34.6bCA$222.9m17x
Sun, 07 Apr 2019CA$50.4bCA$34.6bCA$232.4m11.8x
Wed, 09 Jan 2019CA$47.1bCA$35.2bCA$492.9m11.7x
PE Ratio


Total Market Cap: CA$50.5bTotal Earnings: CA$123.1mTotal Revenue: CA$28.9b0%0%0%3 Year10 Year

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 17.2x which is lower than its 3-year average PE of 25.8x. Given that earnings are expected to decline by 11%, the lower than average PE seems justified.

Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 195% per year over the last three years, and revenues for these companies have grown 10% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Chemicals industry?

Industrial Gases6.48%
Specialty Chemicals2.15%
Fertilizers and Agricultural Chemicals-1.15%
Commodity Chemicals-2.05%

Industry PE: Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 39.1x. This is likely because analysts are expecting annual earnings growth of 25%, which is higher than its past year's earnings decline of 40% per year. Meanwhile, investors are most pessimistic about the Commodity Chemicals industry, which is trading close to its 3-year average of 12.8x.

Forecasted Growth: Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 25% over the next 5 years. This is better than its past earnings decline of 40% per year. Meanwhile, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

NEO Neo Performance Materials6.4%+CA$54.1m74.2%PE22.9x
GRA NanoXplore3.2%+CA$36.4m115.1%PS16.5x
ECO EcoSynthetix11.4%+CA$36.1m93.7%PS16.5x
IFOS Itafos4.4%+CA$11.2m340.6%PE12.1x
HECO Global Helium18.3%+CA$10.3mn/an/a
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