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Canadian (TSX) Chemicals Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies25
  • 7D2.9%
  • 3M7.3%
  • 1Y29.5%
  • YTD26.1%

The Chemicals industry is up 2.9% in the last week, with Nutrien up 4.4%. In the same time, HydroGraph Clean Power was down 12%. This means that the industry has gained 30% over the past year. Looking forward, earnings are forecast to grow by 6.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025CA$53.1bCA$46.2bCA$3.1b15.7x17.2x1.2x
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
Sat, 28 Jan 2023CA$64.7bCA$60.0bCA$11.0b6.3x5.9x1.1x
Mon, 26 Dec 2022CA$59.8bCA$61.2bCA$11.2b6.4x5.3x1x
Wed, 23 Nov 2022CA$64.2bCA$60.4bCA$11.1b7.1x5.8x1.1x
Price to Earnings Ratio

5.8x


Total Market Cap: CA$64.2bTotal Earnings: CA$11.1bTotal Revenue: CA$60.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 22.3x202320242025
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 17.2x which is lower than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 35% per year over the last three years,
  • Revenues have also declined 8.7% 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 Market1.57%
Materials5.09%
Chemicals2.94%
Fertilizers and Agricultural Chemicals4.09%
Commodity Chemicals0.24%
Specialty Chemicals-3.16%
Industrial Gases-7.69%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry, which is trading close to its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 13.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 41% 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
NTR NutrienCA$83.314.4%
+CA$1.7b		28.0%PE15.9x
CHE.UN Chemtrade Logistics Income FundCA$14.383.8%
+CA$110.9m		24.6%PE14.9x
NEO Neo Performance MaterialsCA$17.765.7%
+CA$39.5m		123.1%PS1.1x
AIM AimiaCA$2.865.1%
+CA$12.7m		12.2%PS0.5x
BOS AirBoss of AmericaCA$4.389.5%
+CA$10.3m		3.1%PS0.2x

Latest News

NEO
CA$17.76
Neo Performance Materials
7D
5.7%
1Y
123.1%
NPK
CA$0.86
Verde AgriTech
7D
-17.3%
1Y
34.4%
GRA
CA$2.34
NanoXplore
7D
2.6%
1Y
4.9%
MLP
CA$2.42
Millennial Potash
7D
-13.6%
1Y
813.2%
AIM
CA$2.86
Aimia
7D
5.1%
1Y
12.2%
HPQ
CA$0.19
HPQ Silicon
7D
8.6%
1Y
-20.8%
CHE.UN
CA$14.38
Chemtrade Logistics Income Fund
7D
3.8%
1Y
24.6%

CHE.UN: Upgrades And Share Buyback Expected To Support Balanced Outlook

Analysts have raised their average price target for Chemtrade Logistics Income Fund from C$15.50 to approximately C$16.54. They cited the company's continued earnings outperformance, improved growth prospects, and robust financial position.
NANO
CA$1.62
Nano One Materials
7D
3.2%
1Y
97.6%
VNP
CA$20.27
5N Plus
7D
-0.8%
1Y
205.7%
BOS
CA$4.38
AirBoss of America
7D
9.5%
1Y
3.1%
ECO
CA$4.28
EcoSynthetix
7D
-8.9%
1Y
2.4%
NTR
CA$83.31
Nutrien
7D
4.4%
1Y
28.0%

NTR: Portfolio Streamlining and Supply Tightness Will Shape Upside Amid Sector Scrutiny

Nutrien’s average analyst price target has edged slightly lower in recent weeks, as analysts weigh a modestly improving profit margin and fair value estimate against easing revenue growth and persistent caution over the agricultural cycle. Analyst Commentary Recent analyst activity around Nutrien highlights both opportunities and challenges for the company as it navigates ongoing market volatility and shifting sector dynamics.
MX
CA$51.60
Methanex
7D
-1.7%
1Y
-14.1%

We Think Methanex's (TSE:MX) Healthy Earnings Might Be Conservative

Nov 06
We Think Methanex's (TSE:MX) Healthy Earnings Might Be Conservative
HG
CA$3.37
HydroGraph Clean Power
7D
-11.8%
1Y
1,772.2%
AUUA
CA$2.94
Aluula Composites
7D
-12.5%
1Y
33.6%
MGRO
CA$0.61
MustGrow Biologics
7D
-11.6%
1Y
-69.3%