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Canadian (TSX) Chemicals Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies24
  • 7D2.0%
  • 3M21.2%
  • 1Y28.0%
  • YTD11.3%

Over the last 7 days, the Chemicals industry has risen 2.0%, driven by gains from Nutrien of 2.1%. During this same period, the HydroGraph Clean Power underperformed, falling 11%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 5.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026CA$60.1bCA$44.5bCA$3.0b17.7x20.3x1.3x
Sun, 28 Dec 2025CA$53.8bCA$45.1bCA$3.0b15x17.9x1.2x
Tue, 25 Nov 2025CA$49.4bCA$46.4bCA$3.1b14.2x15.9x1.1x
Thu, 23 Oct 2025CA$49.4bCA$45.0bCA$2.5b11.7x19.9x1.1x
Sat, 20 Sep 2025CA$48.5bCA$44.4bCA$2.4b11.9x19.8x1.1x
Mon, 18 Aug 2025CA$48.7bCA$44.5bCA$2.4b10.7x19.9x1.1x
Wed, 16 Jul 2025CA$49.3bCA$43.9bCA$1.1b10.6x45.3x1.1x
Fri, 13 Jun 2025CA$47.9bCA$43.6bCA$1.1b9.9x44.1x1.1x
Sun, 11 May 2025CA$44.9bCA$44.5bCA$1.1b9.4x39x1x
Tue, 08 Apr 2025CA$39.3bCA$45.8bCA$1.3b9.8x30.9x0.9x
Thu, 06 Mar 2025CA$42.0bCA$46.0bCA$1.1b21.1x37.5x0.9x
Sat, 01 Feb 2025CA$46.6bCA$47.4bCA$1.2b23x38.5x1x
Mon, 30 Dec 2024CA$40.1bCA$47.0bCA$1.2b22.5x33.9x0.9x
Wed, 27 Nov 2024CA$40.8bCA$45.9bCA$1.1b21.6x36.3x0.9x
Fri, 25 Oct 2024CA$40.4bCA$45.5bCA$1.1b29.9x35.8x0.9x
Sun, 22 Sep 2024CA$39.1bCA$44.6bCA$1.1b29.5x35.8x0.9x
Tue, 20 Aug 2024CA$39.7bCA$44.8bCA$1.1b29.7x36.8x0.9x
Thu, 18 Jul 2024CA$43.2bCA$47.1bCA$1.2b22.5x35.6x0.9x
Sat, 15 Jun 2024CA$43.4bCA$47.2bCA$1.2b23.6x35.6x0.9x
Mon, 13 May 2024CA$47.8bCA$47.0bCA$1.2b22.5x38.5x1x
Wed, 10 Apr 2024CA$45.6bCA$47.7bCA$2.0b21.2x22.8x1x
Fri, 08 Mar 2024CA$43.1bCA$47.4bCA$2.1b18x20.7x0.9x
Sun, 04 Feb 2024CA$41.6bCA$50.0bCA$3.4b15.1x12.4x0.8x
Tue, 02 Jan 2024CA$44.6bCA$49.3bCA$3.3b16.1x13.4x0.9x
Thu, 30 Nov 2023CA$44.4bCA$50.5bCA$3.4b12.8x13.1x0.9x
Sat, 28 Oct 2023CA$45.2bCA$55.3bCA$5.5b7.4x8.3x0.8x
Mon, 25 Sep 2023CA$48.8bCA$54.1bCA$5.4b8.3x9.1x0.9x
Wed, 23 Aug 2023CA$48.1bCA$54.4bCA$5.4b10.3x8.9x0.9x
Fri, 21 Jul 2023CA$49.7bCA$57.0bCA$9.5b9.2x5.2x0.9x
Sun, 18 Jun 2023CA$47.0bCA$57.1bCA$9.5b7.8x4.9x0.8x
Tue, 16 May 2023CA$49.4bCA$58.2bCA$9.7b8.1x5.1x0.8x
Thu, 13 Apr 2023CA$56.7bCA$60.5bCA$10.9b8.2x5.2x0.9x
Sat, 11 Mar 2023CA$61.3bCA$62.3bCA$11.2b9.3x5.5x1x
Mon, 06 Feb 2023CA$67.3bCA$60.0bCA$10.8b9.8x6.2x1.1x
Price to Earnings Ratio

6.2x


Total Market Cap: CA$67.3bTotal Earnings: CA$10.8bTotal Revenue: CA$60.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.3x which is lower than its 3-year average PE of 23.2x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 35% per year over the last three years,
  • Revenues have also declined 9.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

CA Market-0.049%
Materials2.25%
Chemicals2.00%
Specialty Chemicals3.64%
Fertilizers and Agricultural Chemicals2.06%
Commodity Chemicals0.64%
Industrial Gases0%0
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 4.9x.
    • Analysts are expecting annual earnings growth of 46.0%, which is lower than the prior year's growth of 175.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 176% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
NTR NutrienCA$95.922.1%
+CA$966.7m		26.6%PE19x
VNP 5N PlusCA$23.2522.2%
+CA$376.8m		196.6%PE34.9x
CHE.UN Chemtrade Logistics Income FundCA$15.803.1%
+CA$53.7m		50.5%PE16.2x
MLP Millennial PotashCA$3.016.7%
+CA$22.5m		634.1%PB11.1x
GRA NanoXploreCA$2.572.8%
+CA$12.7m		-1.2%PS3.9x

Latest News

MLP
CA$3.01
Millennial Potash
7D
6.7%
1Y
634.1%
MX
CA$66.01
Methanex
7D
-0.2%
1Y
-11.9%
HG
CA$3.40
HydroGraph Clean Power
7D
-11.0%
1Y
1,072.4%
VNP
CA$23.25
5N Plus
7D
22.2%
1Y
196.6%
BU
CA$1.98
Burcon NutraScience
7D
13.1%
1Y
10.0%
NEO
CA$19.77
Neo Performance Materials
7D
1.0%
1Y
126.2%

Improved Revenues Required Before Neo Performance Materials Inc. (TSE:NEO) Stock's 25% Jump Looks Justified

Jan 28
Improved Revenues Required Before Neo Performance Materials Inc. (TSE:NEO) Stock's 25% Jump Looks Justified
IFOS
CA$2.91
Itafos
7D
-4.0%
1Y
55.6%
BUFF
CA$0.35
Buffalo Potash
7D
12.9%
1Y
n/a
GRA
CA$2.57
NanoXplore
7D
2.8%
1Y
-1.2%
BOS
CA$4.70
AirBoss of America
7D
-1.5%
1Y
11.9%
NTR
CA$95.92
Nutrien
7D
2.1%
1Y
26.6%

NTR: Higher Fertilizer Pricing And Buybacks Will Support Future Upside

Our analyst price target for Nutrien edges slightly lower to about $112.49 from $113.03, as analysts weigh mixed sector commentary on fertilizer and agriculture markets against recent target adjustments and an updated future P/E assumption of roughly 20.2x. Analyst Commentary Recent Street research on Nutrien reflects mixed sector views but a generally supportive tone on the company, with several bullish analysts adjusting targets and ratings while acknowledging a more cautious backdrop for fertilizers and agriculture.
CHE.UN
CA$15.80
Chemtrade Logistics Income Fund
7D
3.1%
1Y
50.5%

CHE.UN: Organic Growth Pipeline And Balance Sheet Strength Will Support Future Upside

Analysts have trimmed their fair value estimate for Chemtrade Logistics Income Fund to about C$18.39 from roughly C$18.54, as a slightly higher discount rate and modestly adjusted margin and P/E assumptions balance against updated views on revenue growth and a series of recent price target increases across the Street. Analyst Commentary Street research has recently tilted more constructive on Chemtrade Logistics Income Fund, with several price targets now clustered in the C$18 to C$21 range.
ERTH
CA$0.12
Replenish Nutrients Holding
7D
-11.1%
1Y
140.0%
RZL
CA$0.57
RZOLV Technologies
7D
-14.9%
1Y
n/a
CH
CA$0.14
Charbone Hydrogen
7D
-12.9%
1Y
125.0%
HPQ
CA$0.18
HPQ Silicon
7D
-10.0%
1Y
-18.2%