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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies33
  • 7D1.4%
  • 3M-4.3%
  • 1Y-25.7%
  • YTD-4.2%

Over the last 7 days, the Chemicals industry has risen 1.2%, driven by gains from Nutrien of 1.5%. During this same period, the Neo Performance Materials underperformed, falling 18%. In contrast, the industry has lost 26% in the last 12 months. As for the next few years, earnings are expected to grow by 9.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$43.4bCA$47.6bCA$2.1b17.6x20.6x0.9x
Thu, 15 Feb 2024CA$40.3bCA$50.3bCA$3.4b16.2x11.9x0.8x
Sat, 13 Jan 2024CA$41.5bCA$49.9bCA$3.4b15.9x12.4x0.8x
Mon, 11 Dec 2023CA$43.8bCA$50.5bCA$3.4b12.9x12.9x0.9x
Wed, 08 Nov 2023CA$43.8bCA$51.3bCA$3.4b11.9x13x0.9x
Fri, 06 Oct 2023CA$47.1bCA$54.9bCA$5.5b7.8x8.6x0.9x
Sun, 03 Sep 2023CA$51.4bCA$54.5bCA$5.4b8.6x9.5x0.9x
Tue, 01 Aug 2023CA$53.2bCA$56.8bCA$9.5b13.4x5.6x0.9x
Thu, 29 Jun 2023CA$46.4bCA$57.3bCA$9.6b8.6x4.8x0.8x
Sat, 27 May 2023CA$45.5bCA$58.8bCA$9.8b9.1x4.6x0.8x
Mon, 24 Apr 2023CA$55.9bCA$60.9bCA$11.0b8.1x5.1x0.9x
Wed, 22 Mar 2023CA$60.1bCA$61.6bCA$11.1b8.6x5.4x1x
Fri, 17 Feb 2023CA$61.6bCA$60.3bCA$10.9b9.7x5.7x1x
Sun, 15 Jan 2023CA$60.8bCA$60.3bCA$11.0b6.1x5.5x1x
Tue, 13 Dec 2022CA$62.6bCA$61.3bCA$11.2b7x5.6x1x
Thu, 10 Nov 2022CA$60.1bCA$60.5bCA$11.2b6.6x5.4x1x
Sat, 08 Oct 2022CA$69.3bCA$58.4bCA$10.1b6.6x6.9x1.2x
Mon, 05 Sep 2022CA$73.2bCA$56.0bCA$9.7b7.6x7.6x1.3x
Wed, 03 Aug 2022CA$65.6bCA$48.5bCA$6.2b6.9x10.5x1.4x
Fri, 01 Jul 2022CA$64.3bCA$48.6bCA$6.2b7.6x10.3x1.3x
Sun, 29 May 2022CA$76.5bCA$48.1bCA$6.1b8.2x12.5x1.6x
Tue, 26 Apr 2022CA$83.1bCA$43.8bCA$4.5b13.4x18.6x1.9x
Thu, 24 Mar 2022CA$84.2bCA$43.1bCA$4.3b18.5x19.4x2x
Sat, 19 Feb 2022CA$63.0bCA$43.4bCA$4.5b14.3x13.9x1.5x
Mon, 17 Jan 2022CA$61.8bCA$38.2bCA$3.1b18.7x20.1x1.6x
Wed, 15 Dec 2021CA$60.5bCA$39.0bCA$3.2b17.5x19.1x1.6x
Fri, 12 Nov 2021CA$59.8bCA$38.2bCA$3.1b17.2x19.4x1.6x
Sun, 10 Oct 2021CA$60.5bCA$35.0bCA$1.2b33.1x50.5x1.7x
Tue, 07 Sep 2021CA$54.7bCA$34.7bCA$1.2b29.2x45.9x1.6x
Thu, 05 Aug 2021CA$50.0bCA$34.7bCA$1.2b26.4x42.2x1.4x
Sun, 09 May 2021CA$47.7bCA$32.7bCA$452.5m46.6x105.4x1.5x
Price to Earnings Ratio

105.2x


Total Market Cap: CA$47.6bTotal Earnings: CA$452.5mTotal Revenue: CA$32.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23x202220232024
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 20.6x which is lower than its 3-year average PE of 23.0x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have grown 67% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Materials industry?

CA Market0.24%
Materials1.89%
Chemicals1.36%
Commodity Chemicals2.67%
Fertilizers and Agricultural Chemicals1.43%
Diversified Chemicals0%
Specialty Chemicals-5.38%
Industrial Gases-12.91%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 17.5x.
    • Analysts are expecting annual earnings growth of 8.3%, which is higher than its past year's earnings decline of 53.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 31% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 8.3% 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
NTR NutrienCA$72.851.5%
+CA$529.2m
-27.7%PE21.2x
MX MethanexCA$58.833.0%
+CA$114.6m
-5.3%PE16.8x
BOS AirBoss of AmericaCA$5.8512.1%
+CA$17.1m
-24.2%PS0.3x
CHE.UN Chemtrade Logistics Income FundCA$8.040.9%
+CA$8.2m
0.2%PE3.8x
NANO Nano One MaterialsCA$1.744.2%
+CA$7.8m
-48.8%PB5x
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Latest News

WRX

CA$0.12

Western Resources

7D

-20.7%

1Y

-52.1%

NEO

CA$5.77

Neo Performance Materials

7D

-17.7%

1Y

-36.4%

VNP

CA$4.32

5N Plus

7D

-5.5%

1Y

23.8%

BU

CA$0.21

Burcon NutraScience

7D

4.9%

1Y

-32.8%

CHE.UN

CA$8.04

Chemtrade Logistics Income Fund

7D

0.9%

1Y

0.2%

BOS

CA$5.85

AirBoss of America

7D

12.1%

1Y

-24.2%

MX

CA$58.83

Methanex

7D

3.0%

1Y

-5.3%

EAC

CA$0.015

Earth Alive Clean Technologies

7D

-25.0%

1Y

0%

ECO

CA$4.39

EcoSynthetix

7D

-5.6%

1Y

16.1%

OSIX

CA$0.09

Oceansix Future Paths

7D

38.5%

1Y

80.0%

NANO

CA$1.74

Nano One Materials

7D

4.2%

1Y

-48.8%

TOH

CA$0.06

Total Helium

7D

-25.0%

1Y

-88.5%

MGRO

CA$1.28

MustGrow Biologics

7D

7.6%

1Y

-58.7%

GSP

CA$0.085

Gensource Potash

7D

-5.6%

1Y

-22.7%

SOP.H

CA$0.02

SOPerior Fertilizer

7D

-33.3%

1Y

-55.6%