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Canadian (TSX) Chemicals Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies24
  • 7D-2.9%
  • 3M22.5%
  • 1Y67.0%
  • YTD22.0%

Over the last 7 days, the Chemicals industry has dropped 2.9%, driven by Nutrien declining 4.2%. Meanwhile, 5N Plus actually outperformed within the industry, gaining 7.2% in the last week. In the past year, the industry has gained 67%. As for the next few years, earnings are expected to grow by 4.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026CA$67.2bCA$46.0bCA$3.5b14.5x19.1x1.5x
Sun, 08 Mar 2026CA$65.8bCA$45.3bCA$3.5b16.2x19.1x1.5x
Tue, 03 Feb 2026CA$58.8bCA$45.1bCA$3.0b17.3x19.6x1.3x
Thu, 01 Jan 2026CA$53.0bCA$45.2bCA$3.0b15.2x17.6x1.2x
Sat, 29 Nov 2025CA$50.4bCA$46.0bCA$3.1b14.9x16.4x1.1x
Mon, 27 Oct 2025CA$51.1bCA$45.0bCA$2.5b11.7x20.6x1.1x
Wed, 24 Sep 2025CA$49.5bCA$44.5bCA$2.5b12x20.1x1.1x
Fri, 22 Aug 2025CA$48.4bCA$44.8bCA$2.5b11.4x19.7x1.1x
Sun, 20 Jul 2025CA$49.1bCA$43.9bCA$1.1b10.6x45x1.1x
Tue, 17 Jun 2025CA$49.6bCA$43.5bCA$1.1b10.1x45.7x1.1x
Thu, 15 May 2025CA$47.0bCA$44.7bCA$1.2b9.8x40.4x1.1x
Sat, 12 Apr 2025CA$39.1bCA$44.7bCA$1.2b9.8x31.5x0.9x
Mon, 10 Mar 2025CA$43.8bCA$46.1bCA$1.1b21.2x39x1x
Wed, 05 Feb 2025CA$45.8bCA$46.7bCA$1.2b23.6x38.5x1x
Fri, 03 Jan 2025CA$40.4bCA$46.9bCA$1.2b22.6x34.3x0.9x
Sun, 01 Dec 2024CA$40.8bCA$45.7bCA$1.1b22.8x35.7x0.9x
Tue, 29 Oct 2024CA$40.9bCA$45.6bCA$1.1b30.2x36.1x0.9x
Thu, 26 Sep 2024CA$39.3bCA$44.4bCA$1.1b29.6x36.2x0.9x
Sat, 24 Aug 2024CA$39.7bCA$44.4bCA$1.1b30.2x37.1x0.9x
Mon, 22 Jul 2024CA$42.8bCA$47.2bCA$1.2b22x35.1x0.9x
Wed, 19 Jun 2024CA$42.8bCA$47.2bCA$1.2b22.7x35.2x0.9x
Fri, 17 May 2024CA$47.3bCA$46.9bCA$1.2b25.1x38x1x
Sun, 14 Apr 2024CA$45.0bCA$48.4bCA$2.0b20.5x22.2x0.9x
Tue, 12 Mar 2024CA$42.8bCA$47.5bCA$2.1b18x20.5x0.9x
Thu, 08 Feb 2024CA$41.2bCA$50.0bCA$3.4b16.4x12.2x0.8x
Sat, 06 Jan 2024CA$44.4bCA$49.7bCA$3.3b16.5x13.3x0.9x
Mon, 04 Dec 2023CA$44.4bCA$50.2bCA$3.4b12.6x13.2x0.9x
Wed, 01 Nov 2023CA$44.0bCA$55.3bCA$5.5b7.2x8x0.8x
Fri, 29 Sep 2023CA$49.7bCA$54.1bCA$5.4b8.4x9.2x0.9x
Sun, 27 Aug 2023CA$48.6bCA$54.5bCA$5.4b10.2x8.9x0.9x
Tue, 25 Jul 2023CA$51.1bCA$57.0bCA$9.5b9.1x5.4x0.9x
Thu, 22 Jun 2023CA$47.0bCA$57.0bCA$9.5b7.8x4.9x0.8x
Sat, 20 May 2023CA$49.4bCA$58.4bCA$9.8b8.4x5.1x0.8x
Mon, 17 Apr 2023CA$56.9bCA$60.1bCA$10.8b8.3x5.3x0.9x
Price to Earnings Ratio

5.3x


Total Market Cap: CA$56.9bTotal Earnings: CA$10.8bTotal Revenue: CA$60.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24x202420252026
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 19.1x which is lower than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 0.99x 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 31% per year over the last three years,
  • Revenues have also declined 8.5% 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 Market1.31%
Materials2.35%
Chemicals-2.88%
Specialty Chemicals4.91%
Commodity Chemicals-1.43%
Fertilizers and Agricultural Chemicals-4.10%
Industrial Gases-12.50%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 33.7x.
    • Analysts are expecting annual earnings growth of 24.5%, 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 34% 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 decline by 2.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VNP 5N PlusCA$34.057.2%
+CA$205.1m		507.0%PE43.8x
CHE.UN Chemtrade Logistics Income FundCA$16.785.7%
+CA$100.8m		90.7%PE13.5x
HG HydroGraph Clean PowerCA$6.422.7%
+CA$59.4m		2,691.3%PS26021.9x
NEO Neo Performance MaterialsCA$22.605.7%
+CA$50.8m		169.0%PS1.4x
GRA NanoXploreCA$2.195.8%
+CA$21.8m		-5.2%PS3.5x

Latest News

NTR
CA$100.68
Nutrien
7D
-4.2%
1Y
49.0%
AIM
CA$2.81
Aimia
7D
-1.4%
1Y
15.6%
NANO
CA$0.98
Nano One Materials
7D
11.4%
1Y
44.1%
ERTH
CA$0.17
Replenish Nutrients Holding
7D
22.2%
1Y
83.3%
CH
CA$0.14
Charbone Hydrogen
7D
-15.2%
1Y
180.0%
CHE.UN
CA$16.78
Chemtrade Logistics Income Fund
7D
5.7%
1Y
90.7%

CHE.UN: Buybacks And Higher Distributions Will Support Future Earnings Power

Analysts kept their fair value estimate for Chemtrade Logistics Income Fund steady at CA$18.39 while making only small tweaks to the discount rate, reflecting updated assumptions on long term growth, margins, and future P/E without a material shift in the overall price target narrative. Analyst Commentary Recent commentary around Chemtrade Logistics Income Fund has focused on how updated assumptions on long term growth, profitability, and future P/E feed into the unchanged fair value estimate.
VNP
CA$34.05
5N Plus
7D
7.2%
1Y
507.0%
HEVI
CA$0.21
Helium Evolution
7D
-12.5%
1Y
5.0%
NEO
CA$22.60
Neo Performance Materials
7D
5.7%
1Y
169.0%

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Drive Future Upside

Analysts have raised their price target on Neo Performance Materials to CA$30. This aligns with updated fair value estimates and reflects the view that Neo is well positioned as a key player in rare earth magnets, which are considered a critical bottleneck in the rare earth supply chain.
BOS
CA$8.02
AirBoss of America
7D
-2.6%
1Y
117.9%
GRA
CA$2.19
NanoXplore
7D
5.8%
1Y
-5.2%
MX
CA$80.06
Methanex
7D
-3.7%
1Y
117.4%
IFOS
CA$3.77
Itafos
7D
-1.3%
1Y
89.4%
ECO
CA$3.35
EcoSynthetix
7D
-1.5%
1Y
-16.7%
HG
CA$6.42
HydroGraph Clean Power
7D
2.7%
1Y
2,691.3%
MLP
CA$2.15
Millennial Potash
7D
7.5%
1Y
258.3%