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Canadian (TSX) Chemicals Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies24
  • 7D-5.6%
  • 3M10.0%
  • 1Y51.8%
  • YTD18.5%

Over the last 7 days, the Chemicals industry has dropped 6.0%, driven by Nutrien declining 5.3%. In contrast, Neo Performance Materials has gained 6.8%. Over the past 12 months, the industry was up 51%. As for the next few years, earnings are expected to grow by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026CA$63.2bCA$45.5bCA$3.5b13.6x18.2x1.4x
Thu, 19 Mar 2026CA$68.7bCA$45.7bCA$3.5b16.5x19.7x1.5x
Sat, 14 Feb 2026CA$60.0bCA$44.9bCA$3.0b17.7x20.1x1.3x
Mon, 12 Jan 2026CA$53.5bCA$45.8bCA$3.1b16x17.5x1.2x
Wed, 10 Dec 2025CA$50.8bCA$45.6bCA$3.0b14.7x16.7x1.1x
Fri, 07 Nov 2025CA$48.9bCA$46.4bCA$3.1b13x15.7x1.1x
Sun, 05 Oct 2025CA$51.7bCA$44.9bCA$2.5b11.8x20.9x1.2x
Tue, 02 Sep 2025CA$48.9bCA$44.2bCA$2.4b11.4x20.1x1.1x
Thu, 31 Jul 2025CA$49.8bCA$44.3bCA$1.1b10.5x45.4x1.1x
Sat, 28 Jun 2025CA$46.5bCA$43.8bCA$1.1b9.8x42.8x1.1x
Mon, 26 May 2025CA$47.2bCA$43.9bCA$1.1b9.7x42.8x1.1x
Wed, 23 Apr 2025CA$41.8bCA$44.5bCA$1.2b10.2x33.9x0.9x
Fri, 21 Mar 2025CA$44.1bCA$46.0bCA$1.3b12.4x34.9x1x
Sun, 16 Feb 2025CA$44.1bCA$46.2bCA$1.2b22.7x37.2x1x
Tue, 14 Jan 2025CA$43.0bCA$46.9bCA$1.2b23x36.4x0.9x
Thu, 12 Dec 2024CA$41.8bCA$46.2bCA$1.2b21.9x36.1x0.9x
Sat, 09 Nov 2024CA$41.4bCA$45.3bCA$1.1b25.3x38.2x0.9x
Mon, 07 Oct 2024CA$41.6bCA$44.6bCA$1.1b31.2x38.1x0.9x
Wed, 04 Sep 2024CA$40.3bCA$44.6bCA$1.1b29.1x36.9x0.9x
Fri, 02 Aug 2024CA$43.4bCA$47.7bCA$1.2b23.6x35.9x0.9x
Sun, 30 Jun 2024CA$42.9bCA$47.1bCA$1.2b24.7x35.3x0.9x
Tue, 28 May 2024CA$48.6bCA$46.9bCA$1.2b29.4x40.3x1x
Thu, 25 Apr 2024CA$43.2bCA$48.1bCA$2.0b20.1x21.4x0.9x
Sat, 23 Mar 2024CA$42.7bCA$47.8bCA$2.0b20.6x21.3x0.9x
Mon, 19 Feb 2024CA$41.9bCA$50.1bCA$3.4b17.7x12.4x0.8x
Wed, 17 Jan 2024CA$41.0bCA$50.2bCA$3.4b15.1x12.1x0.8x
Fri, 15 Dec 2023CA$44.3bCA$49.9bCA$3.3b13.5x13.2x0.9x
Sun, 12 Nov 2023CA$43.8bCA$51.4bCA$3.5b12.4x12.7x0.9x
Tue, 10 Oct 2023CA$47.1bCA$54.8bCA$5.5b7.8x8.6x0.9x
Thu, 07 Sep 2023CA$50.4bCA$54.7bCA$5.5b8.5x9.2x0.9x
Sat, 05 Aug 2023CA$51.4bCA$53.7bCA$5.4b13.2x9.5x1x
Mon, 03 Jul 2023CA$46.4bCA$57.3bCA$9.6b9.5x4.8x0.8x
Wed, 31 May 2023CA$44.4bCA$58.8bCA$9.8b9x4.5x0.8x
Fri, 28 Apr 2023CA$54.8bCA$61.1bCA$11.0b8.1x5x0.9x
Price to Earnings Ratio

5x


Total Market Cap: CA$54.8bTotal Earnings: CA$11.0bTotal Revenue: CA$61.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.2x202420252026
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 18.1x which is lower than its 3-year average PE of 24.2x.
  • The 3-year average PS ratio of 0.99x is lower than the industry's current PS ratio of 1.4x.
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 9.3% 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 Market1.15%
Materials0.84%
Chemicals-5.60%
Industrial Gases9.09%
Specialty Chemicals-3.44%
Fertilizers and Agricultural Chemicals-5.31%
Commodity Chemicals-9.19%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 35.3x.
    • Analysts are expecting annual earnings growth of 25.0%, 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
NEO Neo Performance MaterialsCA$24.756.8%
+CA$65.8m		150.3%PS1.6x
AIM AimiaCA$2.865.5%
+CA$13.4m		15.3%PE7.3x
BUFF Buffalo PotashCA$0.6813.3%
+CA$6.5m		n/aPE-70.5x
BU Burcon NutraScienceCA$2.3713.9%
+CA$3.7m		24.7%PS20.3x
HEVI Helium EvolutionCA$0.249.1%
+CA$3.3m		20.0%PB3.4x

Latest News

IFOS
CA$3.52
Itafos
7D
-7.6%
1Y
71.7%
CHE.UN
CA$15.13
Chemtrade Logistics Income Fund
7D
-14.8%
1Y
65.2%
NTR
CA$97.15
Nutrien
7D
-5.3%
1Y
33.6%

NTR: Tighter Fertilizer Markets And DOJ Probe Will Shape Balanced Outlook

The analyst price target for Nutrien has risen by CA$4.18. Analysts attribute this change to updated assumptions for slightly stronger revenue growth, higher profit margins, and a lower future P/E multiple, reflecting the recent wave of higher sector targets and tighter global fertilizer markets.
AIM
CA$2.86
Aimia
7D
5.5%
1Y
15.3%
ERTH
CA$0.16
Replenish Nutrients Holding
7D
10.3%
1Y
77.8%
VNP
CA$34.77
5N Plus
7D
-2.8%
1Y
494.4%
NEO
CA$24.75
Neo Performance Materials
7D
6.8%
1Y
150.3%
NANO
CA$0.98
Nano One Materials
7D
2.1%
1Y
48.5%
CH
CA$0.15
Charbone Hydrogen
7D
7.1%
1Y
233.3%
BUFF
CA$0.68
Buffalo Potash
7D
13.3%
1Y
n/a
HEVI
CA$0.24
Helium Evolution
7D
9.1%
1Y
20.0%
BOS
CA$7.05
AirBoss of America
7D
-4.9%
1Y
80.8%
MX
CA$75.57
Methanex
7D
-8.2%
1Y
98.6%
HG
CA$7.23
HydroGraph Clean Power
7D
-8.6%
1Y
2,735.3%
BU
CA$2.37
Burcon NutraScience
7D
13.9%
1Y
24.7%
MLP
CA$1.86
Millennial Potash
7D
-7.9%
1Y
181.8%