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Nov 25
Canadian (TSX) Chemicals Industry Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies32
- 7D1.0%
- 3M-7.9%
- 1Y19.2%
- YTD10.8%
In the last week, Chemicals has been flat. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are forecast to decline by 26% per annum.
Industry Valuation and Performance
Has the Canadian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | CA$64.1b | CA$61.0b | CA$11.2b | 6.9x | 5.7x | 1.1x |
| Sat, 29 Oct 2022 | CA$67.7b | CA$58.1b | CA$10.1b | 6.8x | 6.7x | 1.2x |
| Mon, 26 Sep 2022 | CA$67.3b | CA$57.9b | CA$10.0b | 6.8x | 6.7x | 1.2x |
| Wed, 24 Aug 2022 | CA$75.6b | CA$55.3b | CA$9.6b | 8.5x | 7.9x | 1.4x |
| Fri, 22 Jul 2022 | CA$64.1b | CA$48.6b | CA$6.2b | 7.4x | 10.3x | 1.3x |
| Sun, 19 Jun 2022 | CA$67.8b | CA$49.2b | CA$6.3b | 7x | 10.8x | 1.4x |
| Tue, 17 May 2022 | CA$79.6b | CA$48.7b | CA$6.2b | 8.2x | 12.8x | 1.6x |
| Thu, 14 Apr 2022 | CA$87.0b | CA$43.3b | CA$4.4b | 15.4x | 19.8x | 2x |
| Sat, 12 Mar 2022 | CA$81.7b | CA$43.6b | CA$4.4b | 17.8x | 18.6x | 1.9x |
| Mon, 07 Feb 2022 | CA$62.8b | CA$39.4b | CA$3.4b | 17.5x | 18.3x | 1.6x |
| Wed, 05 Jan 2022 | CA$62.2b | CA$38.6b | CA$3.1b | 18.8x | 19.9x | 1.6x |
| Fri, 03 Dec 2021 | CA$59.1b | CA$38.9b | CA$3.2b | 17x | 18.7x | 1.5x |
| Sun, 31 Oct 2021 | CA$59.5b | CA$35.4b | CA$1.4b | 19.4x | 43x | 1.7x |
| Tue, 28 Sep 2021 | CA$58.1b | CA$35.4b | CA$1.2b | 19.6x | 47.8x | 1.6x |
| Thu, 26 Aug 2021 | CA$52.3b | CA$34.7b | CA$1.2b | 28x | 44.2x | 1.5x |
| Fri, 02 Jul 2021 | CA$51.3b | CA$34.7b | CA$1.2b | 26.2x | 43.4x | 1.5x |
| Mon, 05 Apr 2021 | CA$47.6b | CA$32.7b | CA$452.5m | 45x | 105.2x | 1.5x |
| Thu, 07 Jan 2021 | CA$43.1b | CA$32.1b | CA$43.4m | 59.6x | 991.8x | 1.3x |
| Wed, 30 Sep 2020 | CA$34.8b | CA$32.7b | -CA$450,445,413.37 | 21.2x | -77.2x | 1.1x |
| Sat, 04 Jul 2020 | CA$29.0b | CA$33.6b | CA$662.2m | 22.2x | 43.8x | 0.9x |
| Tue, 07 Apr 2020 | CA$30.3b | CA$35.9b | CA$1.0b | 19.6x | 30.1x | 0.8x |
| Fri, 10 Jan 2020 | CA$42.1b | CA$32.7b | CA$1.1b | 27.7x | 37.6x | 1.3x |
Price to Earnings Ratio
26.1x
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 5.7x which is lower than its 3-year average PE of 109x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 90% per year over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 0.70% | |
| Materials | 1.71% | |
| Chemicals | 0.98% | |
| Fertilizers and Agricultural Chemicals | 1.12% | |
| Diversified Chemicals | 0% | |
| Specialty Chemicals | -0.011% | |
| Commodity Chemicals | -0.16% | |
| Industrial Gases | -4.37% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 37.3x.
- Analysts are expecting annual earnings decline of 16.4%, which is lower than the prior year's growth of 29.4% 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 138% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 29% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NTR Nutrien | CA$108.11 | 1.2% +CA$671.0m | 27.9% | PE5.4x | |
| GRA NanoXplore | CA$2.59 | 5.7% +CA$23.2m | -56.5% | PS4.2x | |
| NEO Neo Performance Materials | CA$10.05 | 4.8% +CA$20.8m | -51.5% | PE8.4x | |
| GDNP good natured Products | CA$0.30 | 22.4% +CA$12.3m | -62.0% | PS0.7x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$9.27 | 0.8% +CA$8.1m | 30.6% | PS0.6x |