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Canadian (TSX) Chemicals Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies24
  • 7D-4.0%
  • 3M14.4%
  • 1Y57.1%
  • YTD22.8%

The Chemicals is pretty flat in the last 7 days, but HydroGraph Clean Power has stood out, gaining 30%. The past year has been better, since the industry has gained 61% in that time. As for the next few years, earnings are expected to grow by 4.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026CA$67.3bCA$45.9bCA$3.5b13.6x19.2x1.5x
Fri, 13 Mar 2026CA$69.0bCA$45.4bCA$3.5b17.8x19.9x1.5x
Sun, 08 Feb 2026CA$59.0bCA$45.0bCA$3.0b17.1x19.7x1.3x
Tue, 06 Jan 2026CA$53.5bCA$45.4bCA$3.0b15.5x17.7x1.2x
Thu, 04 Dec 2025CA$51.8bCA$45.9bCA$3.1b14.8x16.9x1.1x
Sat, 01 Nov 2025CA$48.3bCA$45.1bCA$2.4b14.2x19.9x1.1x
Mon, 29 Sep 2025CA$51.2bCA$44.8bCA$2.5b12.2x20.7x1.1x
Wed, 27 Aug 2025CA$49.5bCA$44.5bCA$2.4b11.4x20.2x1.1x
Fri, 25 Jul 2025CA$49.3bCA$43.7bCA$1.1b10.5x45.5x1.1x
Sun, 22 Jun 2025CA$49.2bCA$44.0bCA$1.1b10.4x44.7x1.1x
Tue, 20 May 2025CA$46.9bCA$44.7bCA$1.2b9.9x39.8x1.1x
Thu, 17 Apr 2025CA$42.0bCA$44.6bCA$1.2b9.8x33.9x0.9x
Sat, 15 Mar 2025CA$42.6bCA$46.1bCA$1.2b18.9x36.4x0.9x
Mon, 10 Feb 2025CA$44.5bCA$46.6bCA$1.2b23.6x37.5x1x
Wed, 08 Jan 2025CA$43.1bCA$46.8bCA$1.2b23.3x36.6x0.9x
Fri, 06 Dec 2024CA$41.9bCA$45.8bCA$1.1b21.9x36.5x0.9x
Sun, 03 Nov 2024CA$41.1bCA$45.8bCA$1.1b30.2x36.1x0.9x
Tue, 01 Oct 2024CA$40.1bCA$44.5bCA$1.1b30.1x36.8x0.9x
Thu, 29 Aug 2024CA$40.3bCA$44.3bCA$1.1b29.9x37.8x0.9x
Sat, 27 Jul 2024CA$43.0bCA$47.6bCA$1.2b23.1x35x0.9x
Mon, 24 Jun 2024CA$43.4bCA$47.1bCA$1.2b22.8x35.7x0.9x
Wed, 22 May 2024CA$47.7bCA$47.0bCA$1.2b28.2x39.5x1x
Fri, 19 Apr 2024CA$43.7bCA$48.3bCA$2.0b20.3x21.6x0.9x
Sun, 17 Mar 2024CA$43.3bCA$47.6bCA$2.1b17.5x20.6x0.9x
Tue, 13 Feb 2024CA$41.0bCA$49.9bCA$3.4b16.4x12.2x0.8x
Thu, 11 Jan 2024CA$42.9bCA$49.8bCA$3.3b16.3x12.8x0.9x
Sat, 09 Dec 2023CA$43.6bCA$50.5bCA$3.4b12.9x12.9x0.9x
Mon, 06 Nov 2023CA$45.5bCA$50.9bCA$3.3b12.7x13.6x0.9x
Wed, 04 Oct 2023CA$48.0bCA$54.8bCA$5.5b7.7x8.8x0.9x
Fri, 01 Sep 2023CA$50.1bCA$54.2bCA$5.4b8.5x9.3x0.9x
Sun, 30 Jul 2023CA$51.9bCA$57.0bCA$9.5b11.9x5.5x0.9x
Tue, 27 Jun 2023CA$46.2bCA$56.9bCA$9.5b7.9x4.9x0.8x
Thu, 25 May 2023CA$46.7bCA$58.8bCA$9.8b9.1x4.8x0.8x
Sat, 22 Apr 2023CA$55.9bCA$60.9bCA$11.0b8.1x5.1x0.9x
Price to Earnings Ratio

5.1x


Total Market Cap: CA$55.9bTotal Earnings: CA$11.0bTotal Revenue: CA$60.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.1x202420252026
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 19.0x which is lower than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 0.99x 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 8.9% 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 Market2.81%
Materials5.95%
Chemicals-4.01%
Specialty Chemicals15.66%
Fertilizers and Agricultural Chemicals-5.05%
Industrial Gases-5.75%
Commodity Chemicals-11.42%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 34.4x.
    • Analysts are expecting annual earnings growth of 24.3%, 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 34% 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 decline by 2.1% per year 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$7.5430.2%
+CA$611.6m		2,800.0%PS30655.9x
VNP 5N PlusCA$34.719.7%
+CA$275.2m		525.4%PE44.8x
NEO Neo Performance MaterialsCA$22.9811.9%
+CA$102.3m		112.4%PS1.5x
GRA NanoXploreCA$2.226.7%
+CA$25.4m		-9.4%PS3.6x
MLP Millennial PotashCA$2.096.1%
+CA$14.2m		226.6%PB8.1x

Latest News

VNP
CA$34.71
5N Plus
7D
9.7%
1Y
525.4%
NEO
CA$22.98
Neo Performance Materials
7D
11.9%
1Y
112.4%
NTR
CA$101.47
Nutrien
7D
-5.2%
1Y
39.2%
AIM
CA$2.71
Aimia
7D
-2.5%
1Y
8.4%
NANO
CA$1.00
Nano One Materials
7D
12.4%
1Y
56.3%
CHE.UN
CA$14.50
Chemtrade Logistics Income Fund
7D
-13.8%
1Y
55.9%

CHE.UN: Buybacks And Higher Distributions Will Support Future Earnings Power

Analysts kept their fair value estimate for Chemtrade Logistics Income Fund steady at CA$18.39 while making only small tweaks to the discount rate, reflecting updated assumptions on long term growth, margins, and future P/E without a material shift in the overall price target narrative. Analyst Commentary Recent commentary around Chemtrade Logistics Income Fund has focused on how updated assumptions on long term growth, profitability, and future P/E feed into the unchanged fair value estimate.
BUFF
CA$0.59
Buffalo Potash
7D
-9.2%
1Y
n/a
AUUA
CA$2.94
Aluula Composites
7D
12.6%
1Y
234.1%
BOS
CA$7.39
AirBoss of America
7D
-20.4%
1Y
94.5%
GRA
CA$2.22
NanoXplore
7D
6.7%
1Y
-9.4%
MX
CA$78.50
Methanex
7D
-11.4%
1Y
107.8%
IFOS
CA$3.69
Itafos
7D
-1.1%
1Y
71.6%
ECO
CA$3.31
EcoSynthetix
7D
-2.4%
1Y
-19.3%
HG
CA$7.54
HydroGraph Clean Power
7D
30.2%
1Y
2,800.0%
MLP
CA$2.09
Millennial Potash
7D
6.1%
1Y
226.6%
RZL
CA$0.47
RZOLV Technologies
7D
25.0%
1Y
n/a