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Canadian (TSX) Chemicals Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies24
  • 7D7.5%
  • 3M36.2%
  • 1Y61.9%
  • YTD32.8%

The Chemicals industry is up 7.5% in the last week, with Nutrien up 10%. In the same time, HydroGraph Clean Power was down 11%. This means that the industry has gained 62% over the past year. Looking forward, earnings are forecast to grow by 6.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026CA$71.3bCA$45.8bCA$3.5b17.6x20.4x1.6x
Thu, 12 Feb 2026CA$60.6bCA$44.8bCA$3.0b17.8x20.4x1.4x
Sat, 10 Jan 2026CA$53.1bCA$45.8bCA$3.1b16x17.4x1.2x
Mon, 08 Dec 2025CA$52.0bCA$45.6bCA$3.0b14.8x17.1x1.1x
Wed, 05 Nov 2025CA$49.2bCA$45.3bCA$2.5b13x20x1.1x
Fri, 03 Oct 2025CA$49.7bCA$44.9bCA$2.5b12x20.1x1.1x
Sun, 31 Aug 2025CA$48.9bCA$44.2bCA$2.4b11.4x20.1x1.1x
Tue, 29 Jul 2025CA$49.3bCA$44.0bCA$1.1b10.6x45.2x1.1x
Thu, 26 Jun 2025CA$47.6bCA$43.9bCA$1.1b9.8x43.3x1.1x
Sat, 24 May 2025CA$47.1bCA$43.9bCA$1.2b9.7x40.8x1.1x
Mon, 21 Apr 2025CA$41.8bCA$44.6bCA$1.2b9.8x33.8x0.9x
Wed, 19 Mar 2025CA$43.8bCA$45.9bCA$1.1b18.4x38.1x1x
Fri, 14 Feb 2025CA$43.8bCA$46.3bCA$1.2b22.6x37.1x0.9x
Sun, 12 Jan 2025CA$43.0bCA$47.0bCA$1.2b22.5x36.3x0.9x
Tue, 10 Dec 2024CA$41.9bCA$46.2bCA$1.2b21.9x36.1x0.9x
Thu, 07 Nov 2024CA$42.4bCA$45.8bCA$1.1b27.2x37.1x0.9x
Sat, 05 Oct 2024CA$41.6bCA$44.6bCA$1.1b31.2x38.1x0.9x
Mon, 02 Sep 2024CA$40.5bCA$44.3bCA$1.1b30.3x37.9x0.9x
Wed, 31 Jul 2024CA$42.8bCA$47.6bCA$1.2b22.9x34.6x0.9x
Fri, 28 Jun 2024CA$43.8bCA$47.1bCA$1.2b25x36x0.9x
Sun, 26 May 2024CA$48.6bCA$47.0bCA$1.2b29x40.2x1x
Tue, 23 Apr 2024CA$43.7bCA$48.3bCA$2.0b20.1x21.6x0.9x
Thu, 21 Mar 2024CA$43.1bCA$47.4bCA$2.1b18.3x20.6x0.9x
Sat, 17 Feb 2024CA$41.3bCA$50.1bCA$3.4b17.7x12.2x0.8x
Mon, 15 Jan 2024CA$41.5bCA$49.9bCA$3.4b15.9x12.4x0.8x
Wed, 13 Dec 2023CA$42.6bCA$50.5bCA$3.4b12.6x12.5x0.8x
Fri, 10 Nov 2023CA$43.5bCA$51.4bCA$3.4b12.5x12.8x0.8x
Sun, 08 Oct 2023CA$47.1bCA$54.8bCA$5.5b7.8x8.6x0.9x
Tue, 05 Sep 2023CA$51.4bCA$54.5bCA$5.4b8.6x9.5x0.9x
Thu, 03 Aug 2023CA$52.5bCA$57.4bCA$9.6b12.8x5.5x0.9x
Sat, 01 Jul 2023CA$46.4bCA$57.3bCA$9.6b9.5x4.8x0.8x
Mon, 29 May 2023CA$45.5bCA$58.8bCA$9.8b9.1x4.6x0.8x
Wed, 26 Apr 2023CA$55.3bCA$61.3bCA$11.0b8.3x5x0.9x
Fri, 24 Mar 2023CA$58.6bCA$61.6bCA$11.1b8.3x5.3x1x
Price to Earnings Ratio

5.3x


Total Market Cap: CA$58.6bTotal Earnings: CA$11.1bTotal Revenue: CA$61.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23.7x202420252026
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 20.4x which is lower than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.6x.
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 9.5% 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 Market-1.85%
Materials-5.28%
Chemicals7.52%
Industrial Gases35.71%
Fertilizers and Agricultural Chemicals10.42%
Commodity Chemicals-0.35%
Specialty Chemicals-3.87%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 36.3%, 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 36% 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 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$106.433.3%
+CA$1.6b		42.8%PE16.5x
VNP 5N PlusCA$30.106.7%
+CA$192.8m		486.7%PE39.1x
IFOS ItafosCA$4.1618.5%
+CA$129.7m		96.2%PE4.7x
CHE.UN Chemtrade Logistics Income FundCA$15.324.9%
+CA$80.8m		57.6%PE12.3x
NEO Neo Performance MaterialsCA$25.734.6%
+CA$47.0m		229.9%PS1.6x

Latest News

NTR
CA$106.43
Nutrien
7D
3.3%
1Y
42.8%
NPK
CA$1.05
Verde AgriTech
7D
-19.2%
1Y
54.4%
NEO
CA$25.73
Neo Performance Materials
7D
4.6%
1Y
229.9%

NEO: Rare Earth Magnet Bottleneck And Recycling Loop Will Shape Future Balance

Narrative Update Analysts have nudged their price target on Neo Performance Materials slightly lower to around CA$25.83, supported by recent Street research that highlights the company’s role in rare earth magnets and references a CA$30 target from a new coverage initiation. Analyst Commentary Recent research coverage has focused on Neo Performance Materials' role in the rare earth supply chain and how that ties into the current valuation framework around the stock.
CHE.UN
CA$15.32
Chemtrade Logistics Income Fund
7D
4.9%
1Y
57.6%
VNP
CA$30.10
5N Plus
7D
6.7%
1Y
486.7%

VNP: Government Grant Will Support Execution On Updated Bullish Outlook

Analysts have lifted their implied fair value for 5N Plus by roughly CA$3 to CA$35. This reflects updated views on the company’s discount rate, revenue growth, profit margin and future P/E assumptions, supported by recent price target increases such as the CA$5 raise cited in Street research.
IFOS
CA$4.16
Itafos
7D
18.5%
1Y
96.2%
ECO
CA$3.40
EcoSynthetix
7D
-3.4%
1Y
-25.3%
MX
CA$68.88
Methanex
7D
-4.3%
1Y
27.5%

MX: Mixed Views Suggest Fair Outlook As Production And Low Carbon Plans Advance

The analyst price target for Methanex has moved higher, with the fair value estimate rising from CA$62.42 to CA$70.59 as analysts factor in higher assumed profit margins and recent CA$5 to CA$12 price target increases across several firms, despite mixed rating changes. Analyst Commentary Recent Street research on Methanex presents a mix of optimism around pricing power and asset utilization, alongside caution on the risk-reward balance and rating downgrades.
GSP
CA$0.17
Gensource Potash
7D
9.4%
1Y
105.9%
AIM
CA$2.85
Aimia
7D
-0.7%
1Y
18.8%
HG
CA$7.19
HydroGraph Clean Power
7D
-24.3%
1Y
2,219.4%
HPQ
CA$0.20
HPQ Silicon
7D
7.9%
1Y
-4.7%
BU
CA$2.11
Burcon NutraScience
7D
-6.6%
1Y
24.1%
MLP
CA$2.36
Millennial Potash
7D
-21.1%
1Y
214.7%
RZL
CA$0.43
RZOLV Technologies
7D
-17.9%
1Y
n/a
CH
CA$0.14
Charbone Hydrogen
7D
40.0%
1Y
154.5%