Analysis Article • Jul 16
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- 7D-1.9%
- 3M-5.2%
- 1Y27.2%
- YTD14.0%
Over the last 7 days, the Chemicals industry has dropped 1.9%, driven by a pullback from Nutrien of 2.1%. Meanwhile, Methanex actually outperformed within the industry, gaining 6.6% in the last week. Over the past 12 months, the industry was up 27%. Earnings are forecast to grow by 6.2% 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, 21 Jul 2026 | CA$61.6b | CA$48.4b | CA$3.5b | 13.4x | 17.7x | 1.3x |
| Thu, 18 Jun 2026 | CA$61.6b | CA$48.6b | CA$3.5b | 12.9x | 17.6x | 1.3x |
| Sat, 16 May 2026 | CA$65.0b | CA$47.4b | CA$3.5b | 10.5x | 18.7x | 1.4x |
| Mon, 13 Apr 2026 | CA$66.7b | CA$46.1b | CA$3.5b | 14.7x | 18.9x | 1.4x |
| Wed, 11 Mar 2026 | CA$66.3b | CA$45.3b | CA$3.5b | 16.2x | 19.2x | 1.5x |
| Fri, 06 Feb 2026 | CA$61.3b | CA$45.1b | CA$3.0b | 17x | 20.4x | 1.4x |
| Sun, 04 Jan 2026 | CA$53.8b | CA$45.3b | CA$3.0b | 15.3x | 17.8x | 1.2x |
| Tue, 02 Dec 2025 | CA$50.8b | CA$46.1b | CA$3.1b | 14.9x | 16.5x | 1.1x |
| Thu, 30 Oct 2025 | CA$49.9b | CA$44.9b | CA$2.5b | 11.6x | 20.1x | 1.1x |
| Sat, 27 Sep 2025 | CA$50.7b | CA$44.8b | CA$2.5b | 12.2x | 20.5x | 1.1x |
| Mon, 25 Aug 2025 | CA$49.3b | CA$44.5b | CA$2.4b | 11.5x | 20.2x | 1.1x |
| Wed, 23 Jul 2025 | CA$48.5b | CA$43.6b | CA$1.1b | 10.7x | 44.9x | 1.1x |
| Fri, 20 Jun 2025 | CA$49.7b | CA$43.8b | CA$1.1b | 10.3x | 45.4x | 1.1x |
| Sun, 18 May 2025 | CA$46.9b | CA$44.7b | CA$1.2b | 9.9x | 39.8x | 1.1x |
| Tue, 15 Apr 2025 | CA$40.9b | CA$44.7b | CA$1.2b | 9.9x | 33x | 0.9x |
| Thu, 13 Mar 2025 | CA$43.3b | CA$46.1b | CA$1.2b | 19.4x | 37x | 0.9x |
| Sat, 08 Feb 2025 | CA$44.6b | CA$46.6b | CA$1.2b | 23.6x | 37.6x | 1x |
| Mon, 06 Jan 2025 | CA$42.2b | CA$47.1b | CA$1.2b | 22.5x | 35.6x | 0.9x |
| Wed, 04 Dec 2024 | CA$41.7b | CA$45.9b | CA$1.2b | 21.9x | 36.2x | 0.9x |
| Fri, 01 Nov 2024 | CA$40.6b | CA$45.7b | CA$1.1b | 30x | 35.8x | 0.9x |
| Sun, 29 Sep 2024 | CA$40.1b | CA$44.5b | CA$1.1b | 30.2x | 36.9x | 0.9x |
| Tue, 27 Aug 2024 | CA$40.3b | CA$44.4b | CA$1.1b | 30.4x | 37.8x | 0.9x |
| Thu, 25 Jul 2024 | CA$42.2b | CA$47.5b | CA$1.2b | 22.9x | 34.4x | 0.9x |
| Sat, 22 Jun 2024 | CA$43.6b | CA$47.1b | CA$1.2b | 22.8x | 35.9x | 0.9x |
| Mon, 20 May 2024 | CA$47.7b | CA$46.8b | CA$1.2b | 27.7x | 39.6x | 1x |
| Wed, 17 Apr 2024 | CA$43.6b | CA$48.5b | CA$2.0b | 20.2x | 21.4x | 0.9x |
| Fri, 15 Mar 2024 | CA$43.2b | CA$47.6b | CA$2.1b | 17.6x | 20.6x | 0.9x |
| Sun, 11 Feb 2024 | CA$40.4b | CA$50.0b | CA$3.4b | 16.4x | 12x | 0.8x |
| Tue, 09 Jan 2024 | CA$44.8b | CA$49.7b | CA$3.3b | 16.7x | 13.4x | 0.9x |
| Thu, 07 Dec 2023 | CA$43.0b | CA$50.5b | CA$3.4b | 12.5x | 12.7x | 0.9x |
| Sat, 04 Nov 2023 | CA$45.5b | CA$51.0b | CA$3.3b | 12.7x | 13.6x | 0.9x |
| Mon, 02 Oct 2023 | CA$49.2b | CA$54.5b | CA$5.4b | 8.3x | 9.1x | 0.9x |
| Wed, 30 Aug 2023 | CA$50.6b | CA$54.4b | CA$5.4b | 10.7x | 9.3x | 0.9x |
| Fri, 28 Jul 2023 | CA$52.1b | CA$57.1b | CA$9.6b | 10.1x | 5.4x | 0.9x |
Price to Earnings Ratio
5.4x
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 17.7x which is lower than its 3-year average PE of 25.3x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 29% per year over the last three years,
- Revenues have also declined 5.4% 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 | -0.75% | |
| Materials | -3.16% | |
| Chemicals | -1.92% | |
| Commodity Chemicals | 3.37% | |
| Fertilizers and Agricultural Chemicals | -2.09% | |
| Specialty Chemicals | -6.35% | |
| Industrial Gases | -8.53% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 38.7x.
- Analysts are expecting annual earnings growth of 40.5%, which is higher than its past year's earnings decline of 13.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 3.7% 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 | |
|---|---|---|---|---|---|
| MX Methanex | CA$76.95 | 6.6% +CA$369.0m | 67.2% | PS1.2x | |
| HG HydroGraph Clean Power | CA$4.93 | 10.8% +CA$168.1m | 906.1% | PS13517.1x | |
| ERTH Replenish Nutrients Holding | CA$0.19 | 15.2% +CA$5.0m | 153.3% | PS5.6x | |
| GRA NanoXplore | CA$1.52 | 1.3% +CA$3.6m | -48.5% | PS2.4x | |
| MLP Millennial Potash | CA$2.03 | 1.0% +CA$2.4m | 28.5% | PB5.1x |
