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Canadian (TSX) Chemicals Industry Analysis
UpdatedJan 28, 2025
DataAggregated Company Financials
Companies27
- 7D1.1%
- 3M14.2%
- 1Y11.3%
- YTD12.7%
The Chemicals industry is up 1.1% in the last week, with Nutrien up 1.0%. Meanwhile, Nano One Materials actually underperformed within the industry, shrinking 18% in the last week. In the last 12 months, the industry was up 11%. Earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the Canadian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 Jan 2025 | CA$46.6b | CA$46.8b | CA$1.2b | 23.6x | 39.5x | 1x |
| Thu, 26 Dec 2024 | CA$40.0b | CA$46.8b | CA$1.2b | 22.2x | 34x | 0.9x |
| Sat, 23 Nov 2024 | CA$40.6b | CA$45.7b | CA$1.1b | 23.3x | 36.4x | 0.9x |
| Mon, 21 Oct 2024 | CA$40.4b | CA$45.4b | CA$1.1b | 29.8x | 36x | 0.9x |
| Wed, 18 Sep 2024 | CA$38.7b | CA$44.7b | CA$1.1b | 29.4x | 35.3x | 0.9x |
| Fri, 16 Aug 2024 | CA$39.0b | CA$45.2b | CA$1.2b | 29x | 33.3x | 0.9x |
| Sun, 14 Jul 2024 | CA$42.1b | CA$46.9b | CA$1.2b | 23.8x | 34.8x | 0.9x |
| Tue, 11 Jun 2024 | CA$46.3b | CA$47.3b | CA$1.2b | 24.2x | 37.9x | 1x |
| Thu, 09 May 2024 | CA$45.9b | CA$48.3b | CA$1.8b | 21.8x | 25.3x | 1x |
| Sat, 06 Apr 2024 | CA$45.7b | CA$47.7b | CA$2.0b | 21.4x | 22.9x | 1x |
| Mon, 04 Mar 2024 | CA$42.6b | CA$47.7b | CA$2.2b | 17.1x | 19.7x | 0.9x |
| Wed, 31 Jan 2024 | CA$41.5b | CA$49.8b | CA$3.4b | 13.9x | 12.4x | 0.8x |
| Fri, 29 Dec 2023 | CA$45.3b | CA$49.2b | CA$3.3b | 14.3x | 13.7x | 0.9x |
| Sun, 26 Nov 2023 | CA$45.0b | CA$50.7b | CA$3.4b | 12.3x | 13.2x | 0.9x |
| Tue, 24 Oct 2023 | CA$45.5b | CA$54.9b | CA$5.5b | 7.6x | 8.3x | 0.8x |
| Thu, 21 Sep 2023 | CA$49.6b | CA$54.0b | CA$5.4b | 8.4x | 9.2x | 0.9x |
| Sat, 19 Aug 2023 | CA$48.7b | CA$54.3b | CA$5.4b | 10.3x | 9x | 0.9x |
| Mon, 17 Jul 2023 | CA$47.5b | CA$57.2b | CA$9.6b | 8.6x | 5x | 0.8x |
| Wed, 14 Jun 2023 | CA$47.6b | CA$57.6b | CA$9.6b | 8.9x | 4.9x | 0.8x |
| Fri, 12 May 2023 | CA$49.0b | CA$58.4b | CA$9.8b | 9.3x | 5x | 0.8x |
| Sun, 09 Apr 2023 | CA$53.9b | CA$60.8b | CA$10.9b | 8.1x | 4.9x | 0.9x |
| Tue, 07 Mar 2023 | CA$64.7b | CA$61.4b | CA$11.0b | 9.3x | 5.9x | 1.1x |
| Thu, 02 Feb 2023 | CA$67.1b | CA$59.9b | CA$11.0b | 6.7x | 6.1x | 1.1x |
| Sat, 31 Dec 2022 | CA$59.2b | CA$61.0b | CA$11.2b | 5.2x | 5.3x | 1x |
| Mon, 28 Nov 2022 | CA$65.3b | CA$60.3b | CA$11.0b | 7.4x | 5.9x | 1.1x |
| Wed, 26 Oct 2022 | CA$68.3b | CA$58.1b | CA$10.1b | 6.7x | 6.8x | 1.2x |
| Fri, 23 Sep 2022 | CA$71.0b | CA$57.6b | CA$10.0b | 7.2x | 7.1x | 1.2x |
| Sun, 21 Aug 2022 | CA$71.3b | CA$55.5b | CA$9.6b | 8.3x | 7.4x | 1.3x |
| Tue, 19 Jul 2022 | CA$60.0b | CA$49.1b | CA$6.3b | 6.6x | 9.6x | 1.2x |
| Thu, 16 Jun 2022 | CA$71.2b | CA$48.8b | CA$6.2b | 7.5x | 11.4x | 1.5x |
| Sat, 14 May 2022 | CA$79.5b | CA$48.7b | CA$6.2b | 8.2x | 12.7x | 1.6x |
| Mon, 11 Apr 2022 | CA$84.6b | CA$43.2b | CA$4.4b | 15.6x | 19.3x | 2x |
| Wed, 09 Mar 2022 | CA$80.6b | CA$44.0b | CA$4.5b | 16.6x | 18.1x | 1.8x |
| Fri, 04 Feb 2022 | CA$62.0b | CA$39.1b | CA$3.4b | 17.6x | 18.2x | 1.6x |
Price to Earnings Ratio
18.2x
Current Industry PE
- Investors are optimistic on the Canadian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.5x which is higher than its 3-year average PE of 16.8x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 30% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 0.031% | |
| Materials | -1.23% | |
| Chemicals | 1.13% | |
| Industrial Gases | 14.41% | |
| Specialty Chemicals | 2.84% | |
| Commodity Chemicals | 1.26% | |
| Fertilizers and Agricultural Chemicals | 1.03% | |
| Diversified Chemicals | 0% | 0 |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 15.4x.
- Analysts are expecting annual earnings growth of 37.2%, which is higher than its past year's earnings decline of 77.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 44% over the next 5 years.
- However this is lower than its past earnings growth rate of 221% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 34% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NTR Nutrien | CA$75.50 | 1.0% +CA$380.3m | 10.0% | PE35.4x | |
| NEO Neo Performance Materials | CA$8.91 | 12.9% +CA$42.6m | 11.4% | PS0.6x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$10.67 | 3.0% +CA$37.3m | 17.0% | PE10x | |
| VNP 5N Plus | CA$8.38 | 3.8% +CA$27.6m | 127.7% | PE32.5x | |
| MX Methanex | CA$72.39 | 0.5% +CA$22.9m | 18.8% | PE22.3x |
