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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies24
  • 7D1.2%
  • 3M29.0%
  • 1Y49.3%
  • YTD22.7%

In the last week, the Chemicals industry is up 1.2%, with HydroGraph Clean Power up 5.0%. Meanwhile, Methanex actually underperformed within the industry, shrinking 6.0% in the last week. In the last 12 months, the industry was up 49%. Looking forward, earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026CA$65.8bCA$45.3bCA$3.5b16.2x19.1x1.5x
Thu, 05 Feb 2026CA$60.3bCA$45.1bCA$3.0b18.6x20.1x1.3x
Sat, 03 Jan 2026CA$52.5bCA$45.3bCA$3.0b15.3x17.4x1.2x
Mon, 01 Dec 2025CA$50.8bCA$46.0bCA$3.1b14.9x16.5x1.1x
Wed, 29 Oct 2025CA$50.7bCA$44.8bCA$2.5b11.7x20.5x1.1x
Fri, 26 Sep 2025CA$51.1bCA$44.9bCA$2.5b11.8x20.7x1.1x
Sun, 24 Aug 2025CA$49.3bCA$44.5bCA$2.4b11.5x20.2x1.1x
Tue, 22 Jul 2025CA$49.1bCA$43.8bCA$1.1b10.5x45.2x1.1x
Thu, 19 Jun 2025CA$49.1bCA$43.8bCA$1.1b10.4x44.8x1.1x
Sat, 17 May 2025CA$46.5bCA$44.7bCA$1.2b9.9x39.4x1x
Mon, 14 Apr 2025CA$40.9bCA$44.7bCA$1.2b9.8x33x0.9x
Wed, 12 Mar 2025CA$43.0bCA$46.2bCA$1.2b19.1x36.6x0.9x
Fri, 07 Feb 2025CA$45.7bCA$46.7bCA$1.2b23.1x38.4x1x
Sun, 05 Jan 2025CA$42.2bCA$47.1bCA$1.2b22.5x35.6x0.9x
Tue, 03 Dec 2024CA$40.8bCA$45.8bCA$1.2b21.7x35.4x0.9x
Thu, 31 Oct 2024CA$40.6bCA$45.6bCA$1.1b30x35.9x0.9x
Sat, 28 Sep 2024CA$40.2bCA$44.5bCA$1.1b30.2x37x0.9x
Mon, 26 Aug 2024CA$40.3bCA$44.4bCA$1.1b30.2x37.7x0.9x
Wed, 24 Jul 2024CA$42.8bCA$47.4bCA$1.2b23.1x35x0.9x
Fri, 21 Jun 2024CA$42.9bCA$47.1bCA$1.2b22.7x35.3x0.9x
Sun, 19 May 2024CA$47.7bCA$46.8bCA$1.2b27.7x39.6x1x
Tue, 16 Apr 2024CA$44.0bCA$48.4bCA$2.0b20.2x21.7x0.9x
Thu, 14 Mar 2024CA$42.7bCA$47.4bCA$2.1b17.9x20.5x0.9x
Sat, 10 Feb 2024CA$40.4bCA$50.0bCA$3.4b16.4x12x0.8x
Mon, 08 Jan 2024CA$44.8bCA$49.7bCA$3.3b16.5x13.4x0.9x
Wed, 06 Dec 2023CA$43.6bCA$50.5bCA$3.4b12.1x12.9x0.9x
Fri, 03 Nov 2023CA$44.3bCA$51.2bCA$3.4b12.5x13.2x0.9x
Sun, 01 Oct 2023CA$49.2bCA$54.5bCA$5.4b8.3x9.1x0.9x
Tue, 29 Aug 2023CA$48.6bCA$54.5bCA$5.4b10.2x8.9x0.9x
Thu, 27 Jul 2023CA$52.1bCA$57.1bCA$9.6b10.1x5.5x0.9x
Sat, 24 Jun 2023CA$45.7bCA$57.1bCA$9.5b7.7x4.8x0.8x
Mon, 22 May 2023CA$49.4bCA$58.4bCA$9.8b8.4x5.1x0.8x
Wed, 19 Apr 2023CA$57.8bCA$60.2bCA$10.8b8.2x5.3x1x
Fri, 17 Mar 2023CA$58.2bCA$61.6bCA$11.1b8.8x5.2x0.9x
Price to Earnings Ratio

5.2x


Total Market Cap: CA$58.2bTotal Earnings: CA$11.1bTotal Revenue: CA$61.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.6x202420252026
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 19.1x which is lower than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 32% per year over the last three years,
  • Revenues have also declined 9.8% 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-3.75%
Materials-10.96%
Chemicals1.22%
Industrial Gases7.69%
Specialty Chemicals5.65%
Fertilizers and Agricultural Chemicals1.19%
Commodity Chemicals-2.55%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 36.6%, which is lower than the prior year's growth of 244.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 21% 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
HG HydroGraph Clean PowerCA$9.5018.0%
+CA$556.9m		2,735.8%PS38923.9x
IFOS ItafosCA$3.5114.3%
+CA$85.0m		66.4%PE3.9x
MLP Millennial PotashCA$2.9914.1%
+CA$43.8m		475.0%PB11.6x
GSP Gensource PotashCA$0.1633.3%
+CA$18.0m		60.0%PB7.9x
BOS AirBoss of AmericaCA$6.536.7%
+CA$11.1m		70.9%PS0.3x

Latest News

NTR
CA$103.02
Nutrien
7D
-0.5%
1Y
41.1%

NTR: Nutrient Pricing, Portfolio Actions And DOJ Probe Will Shape Balanced Outlook

The analyst price target for Nutrien has increased to CA$101.07 from CA$96.56, as analysts factor in firmer nutrient pricing expectations, potential nitrogen upside tied to recent geopolitical events, and company-specific portfolio actions that they view as supportive of earnings stability and cash generation. Analyst Commentary Recent research points to a broadly constructive tone around Nutrien, with multiple firms updating models after the Q4 report and adjusting price targets on the back of nutrient pricing assumptions, portfolio moves, and expected cash generation.
VNP
CA$28.22
5N Plus
7D
-8.6%
1Y
406.6%
MX
CA$71.94
Methanex
7D
0.2%
1Y
35.4%
GSP
CA$0.16
Gensource Potash
7D
33.3%
1Y
60.0%
CHE.UN
CA$14.60
Chemtrade Logistics Income Fund
7D
-5.4%
1Y
51.5%

CHE.UN: Future Distribution Increases And Buybacks Will Support Further Upside

Narrative Update Analysts have modestly raised their price target on Chemtrade Logistics Income Fund to CA$18.39, reflecting slightly higher assumed discount rates, somewhat lower expectations for revenue growth and profit margins, and a higher forward P/E multiple in their updated models. Analyst Commentary Analysts covering Chemtrade Logistics Income Fund are weighing the updated price target assumptions against the fund's execution risks and valuation support.
AIM
CA$2.87
Aimia
7D
-4.0%
1Y
21.6%
NEO
CA$24.60
Neo Performance Materials
7D
-10.9%
1Y
217.0%
HG
CA$9.50
HydroGraph Clean Power
7D
18.0%
1Y
2,735.8%
BOS
CA$6.53
AirBoss of America
7D
6.7%
1Y
70.9%
IFOS
CA$3.51
Itafos
7D
14.3%
1Y
66.4%
HPQ
CA$0.19
HPQ Silicon
7D
-2.6%
1Y
-9.5%
GRA
CA$1.91
NanoXplore
7D
-6.8%
1Y
-23.0%
AUUA
CA$3.15
Aluula Composites
7D
-6.0%
1Y
125.0%
ECO
CA$3.52
EcoSynthetix
7D
-6.1%
1Y
-17.2%
MLP
CA$2.99
Millennial Potash
7D
14.1%
1Y
475.0%
BUFF
CA$0.48
Buffalo Potash
7D
23.1%
1Y
n/a