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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies24
  • 7D-8.4%
  • 3M22.4%
  • 1Y46.7%
  • YTD21.6%

Over the last 7 days, the Chemicals industry has dropped 8.5%, driven by Nutrien declining 9.8%. On the other hand Methanex is actually up 8.0%. In the past year, the industry has gained 47%. Earnings are forecast to grow by 5.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026CA$65.3bCA$45.7bCA$3.5b15.9x18.9x1.4x
Tue, 17 Feb 2026CA$60.7bCA$44.9bCA$3.0b17.7x20.3x1.4x
Thu, 15 Jan 2026CA$54.3bCA$45.7bCA$3.0b16.9x17.8x1.2x
Sat, 13 Dec 2025CA$52.2bCA$45.4bCA$3.0b15.4x17.3x1.2x
Mon, 10 Nov 2025CA$50.6bCA$46.1bCA$3.1b13.5x16.3x1.1x
Wed, 08 Oct 2025CA$52.6bCA$44.9bCA$2.5b12x21.2x1.2x
Fri, 05 Sep 2025CA$48.3bCA$44.5bCA$2.5b11.4x19.7x1.1x
Sun, 03 Aug 2025CA$48.6bCA$44.0bCA$1.1b9.8x42.8x1.1x
Tue, 01 Jul 2025CA$47.2bCA$43.6bCA$1.1b10.4x43.7x1.1x
Thu, 29 May 2025CA$47.7bCA$44.3bCA$1.1b9.7x42.9x1.1x
Sat, 26 Apr 2025CA$43.2bCA$44.6bCA$1.2b10.7x34.9x1x
Mon, 24 Mar 2025CA$44.3bCA$46.1bCA$1.3b12.1x35x1x
Wed, 19 Feb 2025CA$44.1bCA$46.3bCA$1.2b23x37.1x1x
Fri, 17 Jan 2025CA$45.5bCA$46.9bCA$1.2b23.7x38.6x1x
Sun, 15 Dec 2024CA$42.0bCA$46.4bCA$1.2b21.4x36x0.9x
Tue, 12 Nov 2024CA$41.2bCA$45.6bCA$1.1b25.2x36.4x0.9x
Thu, 10 Oct 2024CA$40.8bCA$45.1bCA$1.1b30.7x37x0.9x
Sat, 07 Sep 2024CA$38.7bCA$44.6bCA$1.1b29x35.4x0.9x
Mon, 05 Aug 2024CA$40.6bCA$47.6bCA$1.2b22.7x33.6x0.9x
Wed, 03 Jul 2024CA$42.9bCA$47.0bCA$1.2b24.8x35.3x0.9x
Fri, 31 May 2024CA$47.6bCA$47.0bCA$1.2b28.1x39.4x1x
Sun, 28 Apr 2024CA$43.5bCA$47.8bCA$2.0b20.5x21.7x0.9x
Tue, 26 Mar 2024CA$42.8bCA$47.7bCA$2.0b20.6x21.3x0.9x
Thu, 22 Feb 2024CA$41.2bCA$50.1bCA$3.4b16.8x12.1x0.8x
Sat, 20 Jan 2024CA$40.7bCA$50.1bCA$3.4b15.2x12.1x0.8x
Mon, 18 Dec 2023CA$43.9bCA$49.8bCA$3.3b13.8x13.1x0.9x
Wed, 15 Nov 2023CA$44.3bCA$51.0bCA$3.4b12.9x12.9x0.9x
Fri, 13 Oct 2023CA$48.5bCA$54.9bCA$5.5b8x8.9x0.9x
Sun, 10 Sep 2023CA$50.0bCA$54.7bCA$5.5b8.4x9.2x0.9x
Tue, 08 Aug 2023CA$51.4bCA$53.7bCA$5.4b12.8x9.5x1x
Thu, 06 Jul 2023CA$47.1bCA$57.4bCA$9.6b9.2x4.9x0.8x
Sat, 03 Jun 2023CA$44.4bCA$58.1bCA$9.7b8.7x4.6x0.8x
Mon, 01 May 2023CA$54.9bCA$60.7bCA$10.9b8.1x5.1x0.9x
Wed, 29 Mar 2023CA$57.3bCA$61.1bCA$11.0b8.5x5.2x0.9x
Price to Earnings Ratio

5.2x


Total Market Cap: CA$57.3bTotal Earnings: CA$11.0bTotal Revenue: CA$61.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.8x202420252026
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 19.2x which is lower than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 0.98x 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 9.2% 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-3.67%
Materials-13.65%
Chemicals-8.41%
Commodity Chemicals4.99%
Fertilizers and Agricultural Chemicals-9.93%
Specialty Chemicals-10.91%
Industrial Gases-15.79%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 32.6%, 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 37% 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 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$76.698.0%
+CA$437.7m		42.8%PE54.1x
VNP 5N PlusCA$29.232.0%
+CA$50.9m		431.5%PE37.9x
NPK Verde AgriTechCA$1.142.7%
+CA$5.9m		65.2%PS3.9x
FORT Fort TechnologyCA$5.576.1%
+CA$3.6m		n/aPS28.7x
CH Charbone HydrogenCA$0.147.7%
+CA$2.5m		180.0%PS303.9x

Latest News

BOS
CA$6.45
AirBoss of America
7D
0.2%
1Y
63.3%
CHE.UN
CA$15.00
Chemtrade Logistics Income Fund
7D
-1.6%
1Y
54.6%
IFOS
CA$3.47
Itafos
7D
-18.7%
1Y
51.5%
NANO
CA$0.90
Nano One Materials
7D
1.1%
1Y
36.4%
NEO
CA$20.47
Neo Performance Materials
7D
-19.6%
1Y
117.5%
NTR
CA$102.69
Nutrien
7D
-9.8%
1Y
36.3%
VNP
CA$29.23
5N Plus
7D
2.0%
1Y
431.5%
NPK
CA$1.14
Verde AgriTech
7D
2.7%
1Y
65.2%
ECO
CA$3.10
EcoSynthetix
7D
-12.2%
1Y
-29.1%
MX
CA$76.69
Methanex
7D
8.0%
1Y
42.8%

MX: Mixed Views Suggest Fair Outlook As Production And Low Carbon Plans Advance

The analyst price target for Methanex has moved higher, with the fair value estimate rising from CA$62.42 to CA$70.59 as analysts factor in higher assumed profit margins and recent CA$5 to CA$12 price target increases across several firms, despite mixed rating changes. Analyst Commentary Recent Street research on Methanex presents a mix of optimism around pricing power and asset utilization, alongside caution on the risk-reward balance and rating downgrades.
HG
CA$6.78
HydroGraph Clean Power
7D
-19.8%
1Y
2,160.0%
GRA
CA$1.79
NanoXplore
7D
-6.3%
1Y
-26.9%
FORT
CA$5.57
Fort Technology
7D
6.1%
1Y
n/a
MLP
CA$1.92
Millennial Potash
7D
-25.1%
1Y
209.7%
CH
CA$0.14
Charbone Hydrogen
7D
7.7%
1Y
180.0%
EPO.H
CA$0.09
Encanto Potash
7D
38.5%
1Y
50.0%