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Canadian (TSX) Chemicals Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies24
  • 7D1.9%
  • 3M24.8%
  • 1Y36.1%
  • YTD14.7%

In the last week, the Chemicals industry is up 3.3%, with HydroGraph Clean Power leading the way, up 31%. During this same period, the NanoXplore underperformed, falling 6.9%. This takes the industry's 12 month performance to a gain of 35%. Looking forward, earnings are forecast to grow by 3.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026CA$61.9bCA$45.5bCA$3.6b16.4x17.1x1.4x
Mon, 19 Jan 2026CA$58.0bCA$45.8bCA$3.1b16.7x19x1.3x
Wed, 17 Dec 2025CA$52.6bCA$45.3bCA$3.0b14.9x17.4x1.2x
Fri, 14 Nov 2025CA$53.1bCA$46.2bCA$3.1b15.7x17.2x1.2x
Sun, 12 Oct 2025CA$52.0bCA$45.0bCA$2.5b11.7x20.9x1.2x
Tue, 09 Sep 2025CA$48.6bCA$44.5bCA$2.4b12x19.8x1.1x
Thu, 07 Aug 2025CA$49.3bCA$43.8bCA$1.1b10.3x43.3x1.1x
Sat, 05 Jul 2025CA$48.6bCA$43.6bCA$1.1b10.7x45x1.1x
Mon, 02 Jun 2025CA$46.9bCA$43.9bCA$1.1b9.7x42.7x1.1x
Wed, 30 Apr 2025CA$44.4bCA$44.6bCA$1.2b10.9x36x1x
Fri, 28 Mar 2025CA$42.5bCA$46.0bCA$1.3b11.8x33.6x0.9x
Sun, 23 Feb 2025CA$44.9bCA$45.7bCA$1.1b22.7x40.5x1x
Tue, 21 Jan 2025CA$45.5bCA$46.6bCA$1.2b23.8x38.8x1x
Thu, 19 Dec 2024CA$41.0bCA$47.0bCA$1.2b21.2x34.7x0.9x
Sat, 16 Nov 2024CA$40.3bCA$46.0bCA$1.1b23.3x35.5x0.9x
Mon, 14 Oct 2024CA$41.5bCA$45.2bCA$1.1b30.7x37x0.9x
Wed, 11 Sep 2024CA$38.3bCA$44.7bCA$1.1b28.3x34.9x0.9x
Fri, 09 Aug 2024CA$39.5bCA$45.2bCA$1.1b28.8x35.5x0.9x
Sun, 07 Jul 2024CA$41.9bCA$46.9bCA$1.2b23.5x34.7x0.9x
Tue, 04 Jun 2024CA$48.4bCA$46.9bCA$1.2b28.1x40.2x1x
Thu, 02 May 2024CA$43.9bCA$48.1bCA$2.0b20.6x21.8x0.9x
Sat, 30 Mar 2024CA$44.0bCA$47.6bCA$2.0b21.3x22.1x0.9x
Mon, 26 Feb 2024CA$43.1bCA$47.5bCA$2.1b17.2x20.1x0.9x
Wed, 24 Jan 2024CA$41.5bCA$50.1bCA$3.4b15.6x12.3x0.8x
Fri, 22 Dec 2023CA$44.3bCA$49.4bCA$3.3b14.1x13.3x0.9x
Sun, 19 Nov 2023CA$46.3bCA$51.0bCA$3.4b12.8x13.5x0.9x
Tue, 17 Oct 2023CA$48.9bCA$54.6bCA$5.4b8.2x9x0.9x
Thu, 14 Sep 2023CA$49.7bCA$54.3bCA$5.4b8.4x9.2x0.9x
Sat, 12 Aug 2023CA$52.3bCA$53.9bCA$5.3b12.7x9.8x1x
Mon, 10 Jul 2023CA$48.0bCA$57.4bCA$9.6b8.9x5x0.8x
Wed, 07 Jun 2023CA$46.2bCA$58.0bCA$9.7b10.1x4.8x0.8x
Fri, 05 May 2023CA$50.4bCA$60.7bCA$10.9b9.9x4.6x0.8x
Sun, 02 Apr 2023CA$58.3bCA$60.8bCA$10.9b8.3x5.3x1x
Tue, 28 Feb 2023CA$61.9bCA$61.2bCA$11.0b9.7x5.6x1x
Price to Earnings Ratio

5.6x


Total Market Cap: CA$61.9bTotal Earnings: CA$11.0bTotal Revenue: CA$61.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.4x202420252026
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 16.7x which is lower than its 3-year average PE of 23.4x.
  • The 3-year average PS ratio of 0.97x 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 31% per year over the last three years,
  • Revenues have also declined 9.4% 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 Market1.43%
Materials2.46%
Chemicals1.86%
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 16.1x.
    • Analysts are expecting annual earnings growth of 42.5%, 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 42% 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 decline by 2.6% 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
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		326.0%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

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.
NTR
CA$97.43
Nutrien
7D
1.0%
1Y
30.2%
VNP
CA$29.44
5N Plus
7D
6.2%
1Y
326.0%
GRA
CA$2.16
NanoXplore
7D
-6.9%
1Y
-7.3%
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
ECO
CA$4.01
EcoSynthetix
7D
-4.5%
1Y
-21.4%
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%