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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%
Last week, the Chemicals industry hasn't moved much but Methanex is up 15% in that time. As for the the longer term, the industry is up 23% over the past 12 months. Earnings are forecast to grow by 6.6% 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 |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | CA$52.1b | CA$45.7b | CA$3.0b | 16x | 17.1x | 1.1x |
| Sun, 07 Dec 2025 | CA$52.0b | CA$45.6b | CA$3.0b | 14.8x | 17.1x | 1.1x |
| Tue, 04 Nov 2025 | CA$49.5b | CA$45.2b | CA$2.4b | 13.5x | 20.3x | 1.1x |
| Thu, 02 Oct 2025 | CA$51.1b | CA$44.9b | CA$2.5b | 12.2x | 20.7x | 1.1x |
| Sat, 30 Aug 2025 | CA$49.8b | CA$44.2b | CA$2.4b | 11.4x | 20.4x | 1.1x |
| Mon, 28 Jul 2025 | CA$49.3b | CA$43.9b | CA$1.1b | 10.7x | 45.3x | 1.1x |
| Wed, 25 Jun 2025 | CA$47.6b | CA$43.9b | CA$1.1b | 9.8x | 43.3x | 1.1x |
| Fri, 23 May 2025 | CA$47.5b | CA$44.3b | CA$1.2b | 9.7x | 40.6x | 1.1x |
| Sun, 20 Apr 2025 | CA$41.8b | CA$44.6b | CA$1.2b | 9.8x | 33.8x | 0.9x |
| Tue, 18 Mar 2025 | CA$43.0b | CA$45.8b | CA$1.2b | 18.7x | 37x | 0.9x |
| Thu, 13 Feb 2025 | CA$45.2b | CA$46.6b | CA$1.2b | 22.4x | 38.1x | 1x |
| Sat, 11 Jan 2025 | CA$42.7b | CA$47.0b | CA$1.2b | 22.5x | 36.1x | 0.9x |
| Mon, 09 Dec 2024 | CA$41.9b | CA$46.1b | CA$1.2b | 22x | 36.1x | 0.9x |
| Wed, 06 Nov 2024 | CA$42.6b | CA$45.5b | CA$1.1b | 28.8x | 37.6x | 0.9x |
| Fri, 04 Oct 2024 | CA$41.2b | CA$44.6b | CA$1.1b | 31.3x | 37.8x | 0.9x |
| Sun, 01 Sep 2024 | CA$40.5b | CA$44.3b | CA$1.1b | 30.3x | 37.9x | 0.9x |
| Tue, 30 Jul 2024 | CA$43.3b | CA$47.6b | CA$1.2b | 22.7x | 35.2x | 0.9x |
| Thu, 27 Jun 2024 | CA$43.6b | CA$47.1b | CA$1.2b | 24.3x | 35.8x | 0.9x |
| Sat, 25 May 2024 | CA$49.0b | CA$47.0b | CA$1.2b | 29x | 40.5x | 1x |
| Mon, 22 Apr 2024 | CA$43.7b | CA$48.3b | CA$2.0b | 20.1x | 21.6x | 0.9x |
| Wed, 20 Mar 2024 | CA$43.1b | CA$47.7b | CA$2.1b | 17.9x | 20.4x | 0.9x |
| Fri, 16 Feb 2024 | CA$40.3b | CA$50.0b | CA$3.4b | 17x | 11.9x | 0.8x |
| Sun, 14 Jan 2024 | CA$41.5b | CA$49.9b | CA$3.4b | 15.9x | 12.4x | 0.8x |
| Tue, 12 Dec 2023 | CA$43.9b | CA$50.5b | CA$3.4b | 12.8x | 13x | 0.9x |
| Thu, 09 Nov 2023 | CA$43.3b | CA$51.4b | CA$3.4b | 12x | 12.8x | 0.8x |
| Sat, 07 Oct 2023 | CA$47.1b | CA$54.8b | CA$5.5b | 7.8x | 8.6x | 0.9x |
| Mon, 04 Sep 2023 | CA$51.4b | CA$54.5b | CA$5.4b | 8.6x | 9.5x | 0.9x |
| Wed, 02 Aug 2023 | CA$52.3b | CA$57.2b | CA$9.5b | 13.2x | 5.5x | 0.9x |
| Fri, 30 Jun 2023 | CA$46.2b | CA$57.3b | CA$9.6b | 8.8x | 4.8x | 0.8x |
| Sun, 28 May 2023 | CA$45.5b | CA$58.8b | CA$9.8b | 9.1x | 4.6x | 0.8x |
| Tue, 25 Apr 2023 | CA$56.4b | CA$60.9b | CA$11.0b | 8.2x | 5.1x | 0.9x |
| Thu, 23 Mar 2023 | CA$59.4b | CA$61.6b | CA$11.1b | 8.4x | 5.3x | 1x |
| Sat, 18 Feb 2023 | CA$59.4b | CA$60.6b | CA$10.8b | 9.4x | 5.5x | 1x |
| Mon, 16 Jan 2023 | CA$60.8b | CA$60.3b | CA$11.0b | 6.1x | 5.5x | 1x |
Price to Earnings Ratio
5.5x
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 Market | 1.76% | |
| Materials | 5.84% | |
| Chemicals | 0.97% | |
| Specialty Chemicals | 15.90% | |
| Commodity Chemicals | 12.04% | |
| Industrial Gases | 3.23% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MX Methanex | CA$62.74 | 15.2% +CA$641.9m | -10.4% | PE16.4x | |
| HG HydroGraph Clean Power | CA$3.60 | 37.9% +CA$335.7m | 1,465.2% | PS22014.6x | |
| VNP 5N Plus | CA$19.49 | 10.0% +CA$157.7m | 154.1% | PE28.5x | |
| NEO Neo Performance Materials | CA$18.28 | 17.5% +CA$113.1m | 130.8% | PS1.1x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$15.63 | 6.0% +CA$87.0m | 52.5% | PE16x |
