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Canadian (TSX) Chemicals Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies24
  • 7D1.9%
  • 3M24.4%
  • 1Y36.5%
  • YTD14.9%

Over the last 7 days, the Chemicals industry has risen 1.9%, driven by gains in HydroGraph Clean Power and Nutrien of 31% and 1.0%, respectively. Meanwhile, NanoXplore actually underperformed within the industry, shrinking 6.9% in the last week. In the last 12 months, the industry was up 36%. Looking forward, earnings are forecast to grow by 3.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026CA$61.7bCA$45.5bCA$3.6b16.4x17x1.4x
Wed, 21 Jan 2026CA$57.7bCA$45.6bCA$3.0b16.5x19x1.3x
Fri, 19 Dec 2025CA$53.4bCA$45.4bCA$3.0b14.8x17.6x1.2x
Sun, 16 Nov 2025CA$52.1bCA$46.2bCA$3.0b14.9x17.1x1.1x
Tue, 14 Oct 2025CA$52.0bCA$45.0bCA$2.5b11.7x21x1.2x
Thu, 11 Sep 2025CA$48.6bCA$44.6bCA$2.5b11.8x19.8x1.1x
Sat, 09 Aug 2025CA$46.7bCA$44.2bCA$2.3b10.2x20.3x1.1x
Mon, 07 Jul 2025CA$48.8bCA$43.6bCA$1.1b10.7x45.2x1.1x
Wed, 04 Jun 2025CA$47.5bCA$43.9bCA$1.1b9.7x43.3x1.1x
Fri, 02 May 2025CA$45.3bCA$44.6bCA$1.3b9.2x34.5x1x
Sun, 30 Mar 2025CA$42.2bCA$46.0bCA$1.3b11.7x32.6x0.9x
Tue, 25 Feb 2025CA$44.9bCA$45.8bCA$1.1b22.5x40.3x1x
Thu, 23 Jan 2025CA$45.1bCA$46.9bCA$1.2b23.7x38.3x1x
Sat, 21 Dec 2024CA$39.5bCA$46.8bCA$1.2b21.3x33.5x0.8x
Mon, 18 Nov 2024CA$40.3bCA$46.0bCA$1.1b23.3x35.8x0.9x
Wed, 16 Oct 2024CA$40.6bCA$45.3bCA$1.1b30x36.2x0.9x
Fri, 13 Sep 2024CA$37.8bCA$44.6bCA$1.1b28.9x34.5x0.8x
Sun, 11 Aug 2024CA$38.9bCA$45.1bCA$1.1b28.8x35.1x0.9x
Tue, 09 Jul 2024CA$41.9bCA$46.9bCA$1.2b23.3x34.6x0.9x
Thu, 06 Jun 2024CA$47.3bCA$47.1bCA$1.2b23.5x39x1x
Sat, 04 May 2024CA$43.8bCA$48.1bCA$1.8b20.8x24.3x0.9x
Mon, 01 Apr 2024CA$44.0bCA$47.6bCA$2.0b21.3x22.1x0.9x
Wed, 28 Feb 2024CA$43.3bCA$47.6bCA$2.1b17.2x20.2x0.9x
Fri, 26 Jan 2024CA$41.8bCA$50.1bCA$3.4b14.7x12.4x0.8x
Sun, 24 Dec 2023CA$45.2bCA$49.3bCA$3.3b14.6x13.6x0.9x
Tue, 21 Nov 2023CA$45.8bCA$51.0bCA$3.4b12.8x13.4x0.9x
Thu, 19 Oct 2023CA$49.0bCA$54.9bCA$5.5b8.2x8.9x0.9x
Sat, 16 Sep 2023CA$49.7bCA$54.2bCA$5.4b8.6x9.2x0.9x
Mon, 14 Aug 2023CA$52.3bCA$53.9bCA$5.3b12.7x9.8x1x
Wed, 12 Jul 2023CA$47.3bCA$57.3bCA$9.6b8.8x4.9x0.8x
Fri, 09 Jun 2023CA$47.0bCA$57.7bCA$9.7b9.9x4.9x0.8x
Sun, 07 May 2023CA$51.3bCA$60.0bCA$10.8b9.8x4.8x0.9x
Tue, 04 Apr 2023CA$58.1bCA$60.4bCA$10.9b8.2x5.4x1x
Thu, 02 Mar 2023CA$62.8bCA$61.3bCA$11.0b9.5x5.7x1x
Price to Earnings Ratio

5.7x


Total Market Cap: CA$62.8bTotal Earnings: CA$11.0bTotal Revenue: CA$61.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.5x202420252026
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 17.0x which is lower than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 0.97x 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 31% per year over the last three years,
  • Revenues have also declined 9.5% 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 Market1.50%
Materials2.61%
Chemicals1.90%
Specialty Chemicals11.13%
Industrial Gases3.85%
Fertilizers and Agricultural Chemicals1.05%
Commodity Chemicals0.75%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 16.8x.
    • Analysts are expecting annual earnings growth of 36.1%, which is lower than the prior year's growth of 175.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 36% over the next 5 years.
  • However this is lower than its past earnings growth rate of 176% 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
HG HydroGraph Clean PowerCA$4.4730.7%
+CA$357.2m		1,124.7%PS25817.4x
NTR NutrienCA$97.431.0%
+CA$329.7m		30.2%PE15.1x
VNP 5N PlusCA$29.446.2%
+CA$153.2m		328.5%PE43.6x
NEO Neo Performance MaterialsCA$22.9311.5%
+CA$98.6m		176.9%PS1.4x
MX MethanexCA$67.481.5%
+CA$78.9m		7.1%PE17.8x

Latest News

ECO
CA$4.01
EcoSynthetix
7D
-4.5%
1Y
-21.4%
NTR
CA$97.43
Nutrien
7D
1.0%
1Y
30.2%

NTR: Firmer Nutrient Pricing And Potash Supply Risks Will Shape Balanced Returns

Our updated fair value estimate for Nutrien edges higher to CA$96.56 from CA$91.99, reflecting a series of analyst price target increases tied to refreshed models after recent results, stronger assumed profit margins, and expectations that nutrient pricing holds firmer for longer, even as some remain cautious about future potash supply. Analyst Commentary Street research on Nutrien has been active, with several firms revisiting their models and adjusting price targets around recent and upcoming quarterly results.
BOS
CA$5.46
AirBoss of America
7D
9.2%
1Y
34.8%
CHE.UN
CA$16.14
Chemtrade Logistics Income Fund
7D
-0.1%
1Y
63.0%

CHE.UN: Future Distribution Increases Will Support Upside From Current Levels

Narrative Update on Chemtrade Logistics Income Fund Analysts have revised their CA$ price target for Chemtrade Logistics Income Fund to CA$18.39, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E, while keeping their fair value view unchanged. Analyst Commentary Analysts updating their work on Chemtrade Logistics Income Fund are using the revised CA$18.39 price target as a reference point for both upside potential and execution risk.
VNP
CA$29.44
5N Plus
7D
6.2%
1Y
328.5%
GRA
CA$2.16
NanoXplore
7D
-6.9%
1Y
-11.1%
NEO
CA$22.93
Neo Performance Materials
7D
11.5%
1Y
176.9%

NEO: Buy Rating And Share Repurchases Will Support Future Upside Potential

Analysts have trimmed their price target on Neo Performance Materials to CA$22.50 from CA$25.00. This reflects updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E.
AUUA
CA$3.20
Aluula Composites
7D
-5.9%
1Y
146.2%
GSP
CA$0.12
Gensource Potash
7D
20.0%
1Y
20.0%

Gensource Potash (CVE:GSP) Is Carrying A Fair Bit Of Debt

Feb 11
Gensource Potash (CVE:GSP) Is Carrying A Fair Bit Of Debt
AIM
CA$3.00
Aimia
7D
-3.2%
1Y
23.5%
MX
CA$67.48
Methanex
7D
1.5%
1Y
7.1%
HPQ
CA$0.21
HPQ Silicon
7D
-2.3%
1Y
-10.6%
MLP
CA$2.68
Millennial Potash
7D
5.5%
1Y
415.4%
HG
CA$4.47
HydroGraph Clean Power
7D
30.7%
1Y
1,124.7%
RZL
CA$0.48
RZOLV Technologies
7D
-9.4%
1Y
n/a
CH
CA$0.095
Charbone Hydrogen
7D
-9.5%
1Y
58.3%