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Canadian (TSX) Chemicals Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies25
  • 7D1.0%
  • 3M2.0%
  • 1Y23.0%
  • YTD-1.4%

The Chemicals is pretty flat in the last 7 days, but Methanex has stood out, gaining 15%. The past year has been better, since the industry has gained 23% in that time. As for the next few years, earnings are expected to grow by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026CA$52.1bCA$45.7bCA$3.0b16x17.1x1.1x
Mon, 08 Dec 2025CA$52.0bCA$45.6bCA$3.0b14.8x17.1x1.1x
Wed, 05 Nov 2025CA$49.2bCA$45.3bCA$2.5b13x20x1.1x
Fri, 03 Oct 2025CA$49.7bCA$44.9bCA$2.5b12x20.1x1.1x
Sun, 31 Aug 2025CA$48.9bCA$44.2bCA$2.4b11.4x20.1x1.1x
Tue, 29 Jul 2025CA$49.3bCA$44.0bCA$1.1b10.6x45.2x1.1x
Thu, 26 Jun 2025CA$47.6bCA$43.9bCA$1.1b9.8x43.3x1.1x
Sat, 24 May 2025CA$47.1bCA$43.9bCA$1.2b9.7x40.8x1.1x
Mon, 21 Apr 2025CA$41.8bCA$44.6bCA$1.2b9.8x33.8x0.9x
Wed, 19 Mar 2025CA$43.8bCA$45.9bCA$1.1b18.4x38.1x1x
Fri, 14 Feb 2025CA$43.8bCA$46.3bCA$1.2b22.6x37.1x0.9x
Sun, 12 Jan 2025CA$43.0bCA$47.0bCA$1.2b22.5x36.3x0.9x
Tue, 10 Dec 2024CA$41.9bCA$46.2bCA$1.2b21.9x36.1x0.9x
Thu, 07 Nov 2024CA$42.4bCA$45.8bCA$1.1b27.2x37.1x0.9x
Sat, 05 Oct 2024CA$41.6bCA$44.6bCA$1.1b31.2x38.1x0.9x
Mon, 02 Sep 2024CA$40.5bCA$44.3bCA$1.1b30.3x37.9x0.9x
Wed, 31 Jul 2024CA$42.8bCA$47.6bCA$1.2b22.9x34.6x0.9x
Fri, 28 Jun 2024CA$43.8bCA$47.1bCA$1.2b25x36x0.9x
Sun, 26 May 2024CA$48.6bCA$47.0bCA$1.2b29x40.2x1x
Tue, 23 Apr 2024CA$43.7bCA$48.3bCA$2.0b20.1x21.6x0.9x
Thu, 21 Mar 2024CA$43.1bCA$47.4bCA$2.1b18.3x20.6x0.9x
Sat, 17 Feb 2024CA$41.3bCA$50.1bCA$3.4b17.7x12.2x0.8x
Mon, 15 Jan 2024CA$41.5bCA$49.9bCA$3.4b15.9x12.4x0.8x
Wed, 13 Dec 2023CA$42.6bCA$50.5bCA$3.4b12.6x12.5x0.8x
Fri, 10 Nov 2023CA$43.5bCA$51.4bCA$3.4b12.5x12.8x0.8x
Sun, 08 Oct 2023CA$47.1bCA$54.8bCA$5.5b7.8x8.6x0.9x
Tue, 05 Sep 2023CA$51.4bCA$54.5bCA$5.4b8.6x9.5x0.9x
Thu, 03 Aug 2023CA$52.5bCA$57.4bCA$9.6b12.8x5.5x0.9x
Sat, 01 Jul 2023CA$46.4bCA$57.3bCA$9.6b9.5x4.8x0.8x
Mon, 29 May 2023CA$45.5bCA$58.8bCA$9.8b9.1x4.6x0.8x
Wed, 26 Apr 2023CA$55.3bCA$61.3bCA$11.0b8.3x5x0.9x
Fri, 24 Mar 2023CA$58.6bCA$61.6bCA$11.1b8.3x5.3x1x
Sun, 19 Feb 2023CA$59.4bCA$60.6bCA$10.8b9.4x5.5x1x
Tue, 17 Jan 2023CA$60.9bCA$60.4bCA$11.1b6.1x5.5x1x
Price to Earnings Ratio

5.5x


Total Market Cap: CA$60.9bTotal Earnings: CA$11.1bTotal Revenue: CA$60.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 22.9x202420252026
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 17.1x which is lower than its 3-year average PE of 22.9x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 35% 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 Market1.76%
Materials5.84%
Chemicals0.97%
Specialty Chemicals15.90%
Commodity Chemicals12.04%
Industrial Gases3.23%
Fertilizers and Agricultural Chemicals-2.06%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 46.0%, which is lower than the prior year's growth of 175.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 176% 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
MX MethanexCA$62.7415.2%
+CA$641.9m		-10.4%PE16.4x
HG HydroGraph Clean PowerCA$3.6037.9%
+CA$335.7m		1,465.2%PS22014.6x
VNP 5N PlusCA$19.4910.0%
+CA$157.7m		154.1%PE28.5x
NEO Neo Performance MaterialsCA$18.2817.5%
+CA$113.1m		130.8%PS1.1x
CHE.UN Chemtrade Logistics Income FundCA$15.636.0%
+CA$87.0m		52.5%PE16x

Latest News

VNP
CA$19.49
5N Plus
7D
10.0%
1Y
154.1%

Here's Why 5N Plus (TSE:VNP) Has Caught The Eye Of Investors

Jan 09
Here's Why 5N Plus (TSE:VNP) Has Caught The Eye Of Investors
CHE.UN
CA$15.63
Chemtrade Logistics Income Fund
7D
6.0%
1Y
52.5%
MGRO
CA$0.62
MustGrow Biologics
7D
-1.6%
1Y
-60.5%
ECO
CA$4.23
EcoSynthetix
7D
5.8%
1Y
-1.4%
MX
CA$62.74
Methanex
7D
15.2%
1Y
-10.4%
GRA
CA$2.74
NanoXplore
7D
7.0%
1Y
12.3%

Revenues Tell The Story For NanoXplore Inc. (TSE:GRA) As Its Stock Soars 26%

Jan 08
Revenues Tell The Story For NanoXplore Inc. (TSE:GRA) As Its Stock Soars 26%
MLP
CA$3.00
Millennial Potash
7D
-10.7%
1Y
782.4%
IFOS
CA$3.06
Itafos
7D
4.4%
1Y
70.0%
NTR
CA$82.93
Nutrien
7D
-2.1%
1Y
19.9%

NTR Is Expected To Benefit From Potential Upside In Fertilizer Pricing

Analysts have modestly reduced their price target on Nutrien to approximately $113 from about $97, citing a tougher near term backdrop for farmers, slightly lower growth and margin expectations, and a more balanced risk reward profile after the stock's strong run. Analyst Commentary Recent Street research reflects a mixed but generally constructive stance on Nutrien, with several firms trimming price targets modestly while maintaining positive ratings.
NEO
CA$18.28
Neo Performance Materials
7D
17.5%
1Y
130.8%
HG
CA$3.60
HydroGraph Clean Power
7D
37.9%
1Y
1,465.2%
ATHR
CA$0.05
Aether Catalyst Solutions
7D
-16.7%
1Y
25.0%
CH
CA$0.16
Charbone Hydrogen
7D
-22.0%
1Y
146.2%
KRN
CA$0.23
Karnalyte Resources
7D
-11.5%
1Y
119.0%
ARGO
CA$0.65
Argo Graphene Solutions
7D
-3.0%
1Y
242.1%