Nutrien Ltd. (TSE:NTR) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 19
Canadian (TSX) Chemicals Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies33
- 7D-1.3%
- 3M4.0%
- 1Y-20.8%
- YTD-4.9%
Over the last 7 days, the Chemicals industry has remained flat. As for the longer term, the industry has declined 21% in the last year. Earnings are forecast to grow by 16% 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, 26 Apr 2024 | CA$43.1b | CA$47.8b | CA$2.0b | 20.1x | 21.5x | 0.9x |
| Sun, 24 Mar 2024 | CA$42.7b | CA$47.8b | CA$2.0b | 20.6x | 21.3x | 0.9x |
| Tue, 20 Feb 2024 | CA$41.9b | CA$50.1b | CA$3.4b | 17.7x | 12.4x | 0.8x |
| Thu, 18 Jan 2024 | CA$40.1b | CA$50.3b | CA$3.4b | 15.4x | 11.9x | 0.8x |
| Sat, 16 Dec 2023 | CA$44.3b | CA$49.8b | CA$3.3b | 13.8x | 13.3x | 0.9x |
| Mon, 13 Nov 2023 | CA$43.8b | CA$51.4b | CA$3.5b | 12.4x | 12.7x | 0.9x |
| Wed, 11 Oct 2023 | CA$49.3b | CA$54.4b | CA$5.4b | 8.3x | 9.1x | 0.9x |
| Fri, 08 Sep 2023 | CA$49.8b | CA$54.8b | CA$5.5b | 8.3x | 9.1x | 0.9x |
| Sun, 06 Aug 2023 | CA$51.4b | CA$53.7b | CA$5.4b | 13.2x | 9.5x | 1x |
| Tue, 04 Jul 2023 | CA$46.4b | CA$57.3b | CA$9.6b | 9.5x | 4.8x | 0.8x |
| Thu, 01 Jun 2023 | CA$44.4b | CA$58.7b | CA$9.8b | 8.3x | 4.5x | 0.8x |
| Sat, 29 Apr 2023 | CA$54.9b | CA$60.7b | CA$10.9b | 8.1x | 5.1x | 0.9x |
| Mon, 27 Mar 2023 | CA$57.6b | CA$61.7b | CA$11.1b | 8.4x | 5.2x | 0.9x |
| Wed, 22 Feb 2023 | CA$59.8b | CA$60.9b | CA$10.8b | 9x | 5.5x | 1x |
| Fri, 20 Jan 2023 | CA$61.7b | CA$60.6b | CA$11.1b | 6x | 5.6x | 1x |
| Sun, 18 Dec 2022 | CA$60.0b | CA$61.6b | CA$11.3b | 6.6x | 5.3x | 1x |
| Tue, 15 Nov 2022 | CA$61.9b | CA$59.7b | CA$11.0b | 7.1x | 5.7x | 1x |
| Thu, 13 Oct 2022 | CA$68.7b | CA$58.8b | CA$10.2b | 6.5x | 6.7x | 1.2x |
| Sat, 10 Sep 2022 | CA$74.6b | CA$55.8b | CA$9.6b | 7.8x | 7.7x | 1.3x |
| Mon, 08 Aug 2022 | CA$66.2b | CA$55.1b | CA$9.5b | 7.6x | 7x | 1.2x |
| Wed, 06 Jul 2022 | CA$61.4b | CA$49.3b | CA$6.3b | 7.6x | 9.7x | 1.2x |
| Fri, 03 Jun 2022 | CA$75.6b | CA$47.8b | CA$6.1b | 8.3x | 12.4x | 1.6x |
| Sun, 01 May 2022 | CA$79.8b | CA$44.2b | CA$4.5b | 12.8x | 17.7x | 1.8x |
| Tue, 29 Mar 2022 | CA$84.8b | CA$43.1b | CA$4.4b | 16.3x | 19.4x | 2x |
| Thu, 24 Feb 2022 | CA$63.0b | CA$43.4b | CA$4.4b | 15.2x | 14.3x | 1.5x |
| Sat, 22 Jan 2022 | CA$60.8b | CA$38.1b | CA$3.1b | 18.2x | 19.8x | 1.6x |
| Mon, 20 Dec 2021 | CA$61.9b | CA$38.9b | CA$3.1b | 18.2x | 19.6x | 1.6x |
| Wed, 17 Nov 2021 | CA$59.5b | CA$38.0b | CA$3.1b | 15.4x | 19.2x | 1.6x |
| Fri, 15 Oct 2021 | CA$60.8b | CA$34.7b | CA$1.2b | 32.5x | 51.3x | 1.8x |
| Sun, 12 Sep 2021 | CA$54.6b | CA$34.7b | CA$1.2b | 28.1x | 45.8x | 1.6x |
| Tue, 10 Aug 2021 | CA$54.4b | CA$34.7b | CA$1.2b | 27x | 46x | 1.6x |
| Mon, 03 May 2021 | CA$47.7b | CA$32.7b | CA$452.5m | 46.6x | 105.4x | 1.5x |
Price to Earnings Ratio
105.4x
Current Industry PE
- Investors are relatively neutral on the Canadian Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 20.7x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 65% per year over the last three years.
- Revenues for these companies have grown 14% 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 Market | 0.71% | |
| Materials | -0.0012% | |
| Chemicals | -1.34% | |
| Commodity Chemicals | 2.25% | |
| Diversified Chemicals | 0% | |
| Specialty Chemicals | -0.021% | |
| Fertilizers and Agricultural Chemicals | -1.97% | |
| Industrial Gases | -4.07% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 18.0%, which is higher than its past year's earnings decline of 83.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 29% over the next 5 years.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 2.9% 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 | |
|---|---|---|---|---|---|
| GRA NanoXplore | CA$2.63 | 16.4% +CA$63.1m | -12.0% | PS3.6x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$8.56 | 2.9% +CA$28.1m | 11.6% | PE4x | |
| MX Methanex | CA$65.24 | 0.6% +CA$27.6m | 8.8% | PE19.3x | |
| NANO Nano One Materials | CA$1.77 | 4.7% +CA$8.9m | -38.1% | PB4.1x | |
| BOS AirBoss of America | CA$5.64 | 6.0% +CA$8.7m | -19.7% | PS0.3x |
