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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies24
  • 7D5.5%
  • 3M24.6%
  • 1Y42.3%
  • YTD21.2%

In the last week, the Chemicals industry is up 5.5%, with Nutrien up 4.2%. This means that the industry has gained 42% over the past year. Earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026CA$65.0bCA$45.4bCA$3.6b16x17.9x1.4x
Wed, 28 Jan 2026CA$59.6bCA$44.8bCA$3.0b17x20x1.3x
Fri, 26 Dec 2025CA$53.8bCA$45.1bCA$3.0b15x17.9x1.2x
Sun, 23 Nov 2025CA$49.4bCA$46.4bCA$3.1b14.1x15.9x1.1x
Tue, 21 Oct 2025CA$50.6bCA$45.1bCA$2.5b11.7x20.3x1.1x
Thu, 18 Sep 2025CA$48.7bCA$44.3bCA$2.4b12x19.9x1.1x
Sat, 16 Aug 2025CA$48.3bCA$44.5bCA$2.4b10.7x19.8x1.1x
Mon, 14 Jul 2025CA$49.3bCA$43.8bCA$1.1b10.5x45.4x1.1x
Wed, 11 Jun 2025CA$48.0bCA$43.8bCA$1.1b9.7x43.9x1.1x
Fri, 09 May 2025CA$45.2bCA$44.4bCA$1.1b9.3x40.4x1x
Sun, 06 Apr 2025CA$39.3bCA$45.8bCA$1.3b10.1x30.9x0.9x
Tue, 04 Mar 2025CA$45.4bCA$46.5bCA$1.1b21.5x40x1x
Thu, 30 Jan 2025CA$46.2bCA$47.0bCA$1.2b23.2x39x1x
Sat, 28 Dec 2024CA$40.0bCA$47.0bCA$1.2b22.5x33.9x0.9x
Mon, 25 Nov 2024CA$40.7bCA$45.7bCA$1.1b23.3x36.5x0.9x
Wed, 23 Oct 2024CA$40.2bCA$45.4bCA$1.1b30.1x35.8x0.9x
Fri, 20 Sep 2024CA$39.1bCA$44.6bCA$1.1b30x35.8x0.9x
Sun, 18 Aug 2024CA$39.7bCA$45.0bCA$1.1b29.3x36.6x0.9x
Tue, 16 Jul 2024CA$42.1bCA$47.0bCA$1.2b23.7x34.7x0.9x
Thu, 13 Jun 2024CA$44.9bCA$47.2bCA$1.2b23.5x36.9x1x
Sat, 11 May 2024CA$47.8bCA$47.0bCA$1.2b22.5x38.5x1x
Mon, 08 Apr 2024CA$46.4bCA$47.7bCA$2.0b21.4x23.2x1x
Wed, 06 Mar 2024CA$41.7bCA$47.9bCA$2.2b16.6x19.2x0.9x
Fri, 02 Feb 2024CA$42.0bCA$49.7bCA$3.3b14.6x12.6x0.8x
Sun, 31 Dec 2023CA$44.6bCA$49.3bCA$3.3b16.1x13.4x0.9x
Tue, 28 Nov 2023CA$45.0bCA$50.6bCA$3.4b12.1x13.2x0.9x
Thu, 26 Oct 2023CA$45.2bCA$55.3bCA$5.5b7.5x8.2x0.8x
Sat, 23 Sep 2023CA$48.8bCA$54.1bCA$5.4b8.3x9.1x0.9x
Mon, 21 Aug 2023CA$48.9bCA$54.3bCA$5.4b10.3x9x0.9x
Wed, 19 Jul 2023CA$49.0bCA$57.0bCA$9.5b9.8x5.1x0.9x
Fri, 16 Jun 2023CA$46.5bCA$57.2bCA$9.6b9x4.9x0.8x
Sun, 14 May 2023CA$48.0bCA$58.6bCA$9.8b8.1x4.9x0.8x
Tue, 11 Apr 2023CA$56.2bCA$60.7bCA$10.9b8.3x5.1x0.9x
Thu, 09 Mar 2023CA$65.3bCA$62.1bCA$11.2b9.5x5.8x1.1x
Price to Earnings Ratio

5.8x


Total Market Cap: CA$65.3bTotal Earnings: CA$11.2bTotal Revenue: CA$62.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.5x202420252026
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 17.9x which is lower than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.4x.
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 9.9% 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 Market1.82%
Materials8.55%
Chemicals5.49%
Specialty Chemicals15.36%
Fertilizers and Agricultural Chemicals5.09%
Commodity Chemicals0.40%
Industrial Gases-3.70%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 36.9%, which is lower than the prior year's growth of 244.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 245% 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$102.594.2%
+CA$1.9b		42.7%PE16x
HG HydroGraph Clean PowerCA$6.5532.1%
+CA$543.2m		1,884.8%PS37988.9x
NEO Neo Performance MaterialsCA$27.7320.0%
+CA$192.6m		263.9%PS1.7x
MX MethanexCA$68.823.1%
+CA$159.3m		14.4%PE18.2x
VNP 5N PlusCA$29.664.7%
+CA$118.5m		377.6%PE38.3x

Latest News

GRA
CA$2.10
NanoXplore
7D
-2.3%
1Y
-14.3%
VNP
CA$29.66
5N Plus
7D
4.7%
1Y
377.6%
AUUA
CA$3.35
Aluula Composites
7D
0.3%
1Y
139.3%
BOS
CA$6.10
AirBoss of America
7D
11.7%
1Y
54.4%
NEO
CA$27.73
Neo Performance Materials
7D
20.0%
1Y
263.9%

NEO: Rare Earth Bottleneck Role Will Shape Balanced Future Risk Reward Profile

Narrative Update Analysts have nudged their implied fair value for Neo Performance Materials to about CA$25.90 per share from roughly CA$25.67, supported by fresh coverage that sets a CA$30 price target and highlights Neo's role in rare earth magnets as a key bottleneck in the supply chain. Analyst Commentary Recent research coverage frames Neo as an important player in rare earth magnets, with the current implied fair value of about CA$25.90 per share sitting below a cited CA$30 price target.
HG
CA$6.55
HydroGraph Clean Power
7D
32.1%
1Y
1,884.8%
HPQ
CA$0.19
HPQ Silicon
7D
-5.0%
1Y
-13.6%
FORT
CA$5.00
Fort Technology
7D
24.7%
1Y
n/a
NTR
CA$102.59
Nutrien
7D
4.2%
1Y
42.7%
CHE.UN
CA$15.43
Chemtrade Logistics Income Fund
7D
-4.2%
1Y
54.3%

CHE.UN: Future Distribution Increases Will Support Upside From Current Levels

Narrative Update on Chemtrade Logistics Income Fund Analysts have revised their CA$ price target for Chemtrade Logistics Income Fund to CA$18.39, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E, while keeping their fair value view unchanged. Analyst Commentary Analysts updating their work on Chemtrade Logistics Income Fund are using the revised CA$18.39 price target as a reference point for both upside potential and execution risk.
IFOS
CA$3.08
Itafos
7D
-3.8%
1Y
50.2%
GSP
CA$0.12
Gensource Potash
7D
-8.0%
1Y
35.3%

Gensource Potash (CVE:GSP) Is Carrying A Fair Bit Of Debt

Feb 11
Gensource Potash (CVE:GSP) Is Carrying A Fair Bit Of Debt
AIM
CA$3.01
Aimia
7D
-2.3%
1Y
24.4%
MX
CA$68.82
Methanex
7D
3.1%
1Y
14.4%
MGRO
CA$0.49
MustGrow Biologics
7D
-16.9%
1Y
-58.5%
NANO
CA$0.91
Nano One Materials
7D
-4.2%
1Y
30.0%