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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies24
  • 7D4.6%
  • 3M28.8%
  • 1Y61.0%
  • YTD27.3%

In the last week, the Chemicals industry is up 4.6%, with Nutrien up 5.0%. During this same period, the HydroGraph Clean Power underperformed, falling 8.8%. In the last 12 months, the industry was up 61%. As for the next few years, earnings are expected to grow by 6.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026CA$68.3bCA$46.3bCA$3.5b14.6x19.3x1.5x
Wed, 25 Feb 2026CA$62.2bCA$45.5bCA$3.6b16.4x17.1x1.4x
Fri, 23 Jan 2026CA$59.2bCA$45.4bCA$3.0b17.4x19.6x1.3x
Sun, 21 Dec 2025CA$53.0bCA$45.5bCA$3.0b14.9x17.5x1.2x
Tue, 18 Nov 2025CA$52.1bCA$46.2bCA$3.1b14.5x16.8x1.1x
Thu, 16 Oct 2025CA$51.4bCA$45.2bCA$2.5b11.6x20.6x1.1x
Sat, 13 Sep 2025CA$49.1bCA$44.6bCA$2.5b12x20x1.1x
Mon, 11 Aug 2025CA$46.8bCA$44.2bCA$2.3b10.2x20.2x1.1x
Wed, 09 Jul 2025CA$48.9bCA$43.8bCA$1.1b10.8x45.1x1.1x
Fri, 06 Jun 2025CA$47.7bCA$43.7bCA$1.1b9.7x43.6x1.1x
Sun, 04 May 2025CA$45.4bCA$44.5bCA$1.3b9.4x34.7x1x
Tue, 01 Apr 2025CA$42.2bCA$46.2bCA$1.3b11.7x32.8x0.9x
Thu, 27 Feb 2025CA$45.8bCA$46.0bCA$1.1b22.3x40.8x1x
Sat, 25 Jan 2025CA$47.3bCA$46.7bCA$1.2b24x40.3x1x
Mon, 23 Dec 2024CA$39.9bCA$46.8bCA$1.2b21.3x33.8x0.9x
Wed, 20 Nov 2024CA$39.8bCA$45.6bCA$1.1b23.1x35.7x0.9x
Fri, 18 Oct 2024CA$40.6bCA$45.3bCA$1.1b30.2x36.1x0.9x
Sun, 15 Sep 2024CA$38.7bCA$44.7bCA$1.1b29.3x35.4x0.9x
Tue, 13 Aug 2024CA$38.9bCA$45.1bCA$1.1b28.9x35.1x0.9x
Thu, 11 Jul 2024CA$41.0bCA$46.9bCA$1.2b23.3x33.9x0.9x
Sat, 08 Jun 2024CA$46.4bCA$47.3bCA$1.2b23.4x38.1x1x
Mon, 06 May 2024CA$44.0bCA$48.1bCA$1.8b20.8x24.4x0.9x
Wed, 03 Apr 2024CA$44.5bCA$47.7bCA$2.0b21.2x22.3x0.9x
Fri, 01 Mar 2024CA$43.0bCA$47.8bCA$2.2b17.3x19.9x0.9x
Sun, 28 Jan 2024CA$41.4bCA$50.0bCA$3.4b15x12.3x0.8x
Tue, 26 Dec 2023CA$45.2bCA$49.3bCA$3.3b14.6x13.6x0.9x
Thu, 23 Nov 2023CA$46.0bCA$50.9bCA$3.4b12.5x13.5x0.9x
Sat, 21 Oct 2023CA$47.5bCA$54.9bCA$5.5b7.9x8.7x0.9x
Mon, 18 Sep 2023CA$50.5bCA$54.2bCA$5.4b8.6x9.3x0.9x
Wed, 16 Aug 2023CA$48.7bCA$54.1bCA$5.4b10.3x9x0.9x
Fri, 14 Jul 2023CA$47.7bCA$56.7bCA$9.5b8.8x5x0.8x
Sun, 11 Jun 2023CA$46.8bCA$57.7bCA$9.7b9.6x4.8x0.8x
Tue, 09 May 2023CA$50.9bCA$60.0bCA$10.7b9.8x4.7x0.8x
Thu, 06 Apr 2023CA$56.2bCA$60.5bCA$10.9b8.1x5.2x0.9x
Price to Earnings Ratio

5.2x


Total Market Cap: CA$56.2bTotal Earnings: CA$10.9bTotal Revenue: CA$60.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.9x202420252026
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 19.3x which is lower than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 0.98x 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 31% per year over the last three years,
  • Revenues have also declined 8.6% 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 Market2.28%
Materials6.94%
Chemicals4.65%
Industrial Gases65.63%
Commodity Chemicals15.66%
Specialty Chemicals9.21%
Fertilizers and Agricultural Chemicals2.25%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 32.3x.
    • Analysts are expecting annual earnings growth of 26.3%, 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 37% 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
NTR NutrienCA$105.045.0%
+CA$2.4b		47.1%PE16.1x
MX MethanexCA$90.5722.4%
+CA$1.3b		79.5%PE63.2x
VNP 5N PlusCA$33.056.4%
+CA$178.1m		522.4%PE42.3x
CHE.UN Chemtrade Logistics Income FundCA$16.356.9%
+CA$117.5m		67.9%PE13.1x
NEO Neo Performance MaterialsCA$22.469.3%
+CA$79.5m		160.6%PS1.4x

Latest News

NPK
CA$1.05
Verde AgriTech
7D
-12.5%
1Y
61.5%
VNP
CA$33.05
5N Plus
7D
6.4%
1Y
522.4%

VNP: Government Grant And P E Revisions Will Shape Measured Outlook

Analysts have lifted their average price target on 5N Plus by CA$5, reflecting updated views on fair value and P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target as a sign that their fair value estimates have shifted upward, indicating more confidence in how current P/E assumptions line up with the company’s outlook.
NEO
CA$22.46
Neo Performance Materials
7D
9.3%
1Y
160.6%

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Drive Future Upside

Analysts have raised their price target on Neo Performance Materials to CA$30. This aligns with updated fair value estimates and reflects the view that Neo is well positioned as a key player in rare earth magnets, which are considered a critical bottleneck in the rare earth supply chain.
BOS
CA$7.62
AirBoss of America
7D
17.1%
1Y
95.4%
GRA
CA$1.90
NanoXplore
7D
7.3%
1Y
-20.5%
MX
CA$90.57
Methanex
7D
22.4%
1Y
79.5%
NTR
CA$105.04
Nutrien
7D
5.0%
1Y
47.1%
GSP
CA$0.15
Gensource Potash
7D
-3.1%
1Y
72.2%
CHE.UN
CA$16.35
Chemtrade Logistics Income Fund
7D
6.9%
1Y
67.9%
IFOS
CA$3.64
Itafos
7D
7.4%
1Y
64.0%
NANO
CA$0.88
Nano One Materials
7D
-2.2%
1Y
33.3%
ERTH
CA$0.14
Replenish Nutrients Holding
7D
-6.7%
1Y
55.6%
HG
CA$7.25
HydroGraph Clean Power
7D
-8.8%
1Y
2,489.3%
HPQ
CA$0.18
HPQ Silicon
7D
-5.3%
1Y
-12.2%
FORT
CA$5.45
Fort Technology
7D
-2.2%
1Y
n/a
MLP
CA$1.73
Millennial Potash
7D
-10.8%
1Y
170.3%