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Canadian (TSX) Chemicals Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies24
  • 7D1.8%
  • 3M23.0%
  • 1Y28.9%
  • YTD12.0%

Over the last 7 days, the Chemicals industry has risen 1.8%, driven by gains from 5N Plus of 40%. In the same time, HydroGraph Clean Power was down 12%. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 6.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026CA$58.9bCA$45.0bCA$3.0b17.8x19.7x1.3x
Fri, 02 Jan 2026CA$52.5bCA$45.2bCA$3.0b15.2x17.4x1.2x
Sun, 30 Nov 2025CA$50.8bCA$46.0bCA$3.1b14.9x16.5x1.1x
Tue, 28 Oct 2025CA$51.1bCA$45.0bCA$2.5b11.7x20.6x1.1x
Thu, 25 Sep 2025CA$49.1bCA$44.7bCA$2.5b12x19.9x1.1x
Sat, 23 Aug 2025CA$49.1bCA$44.5bCA$2.4b11.5x20.1x1.1x
Mon, 21 Jul 2025CA$49.1bCA$43.9bCA$1.1b10.6x45x1.1x
Wed, 18 Jun 2025CA$49.5bCA$43.7bCA$1.1b10.2x45.4x1.1x
Fri, 16 May 2025CA$46.3bCA$44.6bCA$1.2b9.8x39.3x1x
Sun, 13 Apr 2025CA$40.9bCA$44.7bCA$1.2b9.8x33x0.9x
Tue, 11 Mar 2025CA$43.8bCA$46.3bCA$1.2b19.3x37.2x0.9x
Thu, 06 Feb 2025CA$46.6bCA$46.7bCA$1.2b23.4x39.2x1x
Sat, 04 Jan 2025CA$41.0bCA$47.1bCA$1.2b22.5x34.6x0.9x
Mon, 02 Dec 2024CA$40.8bCA$45.7bCA$1.1b21.8x35.7x0.9x
Wed, 30 Oct 2024CA$41.1bCA$45.7bCA$1.1b29.8x36.2x0.9x
Fri, 27 Sep 2024CA$39.1bCA$44.3bCA$1.1b30.5x36.1x0.9x
Sun, 25 Aug 2024CA$40.3bCA$44.4bCA$1.1b30.2x37.7x0.9x
Tue, 23 Jul 2024CA$42.8bCA$47.3bCA$1.2b22.7x35x0.9x
Thu, 20 Jun 2024CA$42.9bCA$47.2bCA$1.2b22.4x35.2x0.9x
Sat, 18 May 2024CA$47.4bCA$46.8bCA$1.2b27.7x39.3x1x
Mon, 15 Apr 2024CA$44.0bCA$48.4bCA$2.0b20.5x21.7x0.9x
Wed, 13 Mar 2024CA$42.8bCA$47.5bCA$2.1b17.9x20.5x0.9x
Fri, 09 Feb 2024CA$40.7bCA$50.0bCA$3.4b16.5x12.1x0.8x
Sun, 07 Jan 2024CA$44.8bCA$49.7bCA$3.3b16.5x13.4x0.9x
Tue, 05 Dec 2023CA$44.4bCA$50.4bCA$3.4b12.3x13.1x0.9x
Thu, 02 Nov 2023CA$44.0bCA$55.3bCA$5.5b7.2x8x0.8x
Sat, 30 Sep 2023CA$49.7bCA$54.4bCA$5.4b8.3x9.2x0.9x
Mon, 28 Aug 2023CA$48.6bCA$54.5bCA$5.4b10.2x8.9x0.9x
Wed, 26 Jul 2023CA$51.7bCA$57.0bCA$9.5b9.6x5.4x0.9x
Fri, 23 Jun 2023CA$47.0bCA$56.9bCA$9.5b7.8x4.9x0.8x
Sun, 21 May 2023CA$49.4bCA$58.4bCA$9.8b8.4x5.1x0.8x
Tue, 18 Apr 2023CA$58.3bCA$60.2bCA$10.8b8.2x5.4x1x
Thu, 16 Mar 2023CA$58.5bCA$61.8bCA$11.1b8.6x5.2x0.9x
Sat, 11 Feb 2023CA$64.9bCA$59.8bCA$10.8b9.5x6x1.1x
Price to Earnings Ratio

6x


Total Market Cap: CA$64.9bTotal Earnings: CA$10.8bTotal Revenue: CA$59.8bTotal 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 19.7x 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 9.0% 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-1.91%
Materials-6.97%
Chemicals1.77%
Specialty Chemicals11.66%
Commodity Chemicals4.59%
Fertilizers and Agricultural Chemicals0.39%
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 7.7x.
    • Analysts are expecting annual earnings growth of 41.7%, 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 42% 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
VNP 5N PlusCA$26.9140.2%
+CA$686.8m		253.1%PE40x
MX MethanexCA$67.255.7%
+CA$278.4m		-12.4%PE17.8x
NTR NutrienCA$95.980.5%
+CA$227.2m		26.8%PE18.8x
CHE.UN Chemtrade Logistics Income FundCA$15.983.6%
+CA$64.0m		54.1%PE16.4x
NEO Neo Performance MaterialsCA$20.031.3%
+CA$10.4m		134.0%PS1.2x

Latest News

MX
CA$67.25
Methanex
7D
5.7%
1Y
-12.4%

An Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 37% Undervalued

Feb 01
An Intrinsic Calculation For Methanex Corporation (TSE:MX) Suggests It's 37% Undervalued
HG
CA$3.21
HydroGraph Clean Power
7D
-12.1%
1Y
1,046.4%
VNP
CA$26.91
5N Plus
7D
40.2%
1Y
253.1%
NEO
CA$20.03
Neo Performance Materials
7D
1.3%
1Y
134.0%

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$2.96
Itafos
7D
-4.2%
1Y
52.2%
GRA
CA$2.50
NanoXplore
7D
-1.6%
1Y
2.0%
NPK
CA$1.44
Verde AgriTech
7D
-5.9%
1Y
61.8%
BOS
CA$4.91
AirBoss of America
7D
4.9%
1Y
21.5%
NTR
CA$95.98
Nutrien
7D
0.5%
1Y
26.8%

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$15.98
Chemtrade Logistics Income Fund
7D
3.6%
1Y
54.1%

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.
RZL
CA$0.56
RZOLV Technologies
7D
-11.1%
1Y
n/a
AUUA
CA$3.89
Aluula Composites
7D
6.3%
1Y
224.2%
CH
CA$0.10
Charbone Hydrogen
7D
-22.2%
1Y
75.0%
NANO
CA$1.00
Nano One Materials
7D
-4.8%
1Y
29.9%
ECO
CA$3.89
EcoSynthetix
7D
-1.5%
1Y
-7.2%
AIM
CA$3.03
Aimia
7D
2.2%
1Y
29.3%