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Canadian (TSX) Chemicals Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies27
  • 7D-5.8%
  • 3M-15.8%
  • 1Y26.5%
  • YTD13.2%

Over the last 7 days, the Chemicals industry has dropped 5.8%, driven by a pullback from Nutrien of 5.1%. On the other hand Gensource Potash is actually up 16%. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 3.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026CA$61.7bCA$48.0bCA$3.5b13.1x17.9x1.3x
Sat, 09 May 2026CA$62.7bCA$47.1bCA$3.5b10.3x18x1.3x
Mon, 06 Apr 2026CA$67.4bCA$46.5bCA$3.6b14.4x19x1.4x
Wed, 04 Mar 2026CA$66.3bCA$45.5bCA$3.6b15.8x18.3x1.5x
Fri, 30 Jan 2026CA$60.1bCA$44.5bCA$3.0b17.7x20.3x1.3x
Sun, 28 Dec 2025CA$53.8bCA$45.1bCA$3.0b15x17.9x1.2x
Tue, 25 Nov 2025CA$49.4bCA$46.4bCA$3.1b14.2x15.9x1.1x
Thu, 23 Oct 2025CA$49.4bCA$45.0bCA$2.5b11.7x19.9x1.1x
Sat, 20 Sep 2025CA$48.5bCA$44.4bCA$2.4b11.9x19.8x1.1x
Mon, 18 Aug 2025CA$48.7bCA$44.5bCA$2.4b10.7x19.9x1.1x
Wed, 16 Jul 2025CA$49.3bCA$43.9bCA$1.1b10.6x45.3x1.1x
Fri, 13 Jun 2025CA$47.9bCA$43.6bCA$1.1b9.9x44.1x1.1x
Sun, 11 May 2025CA$44.9bCA$44.5bCA$1.1b9.4x39x1x
Tue, 08 Apr 2025CA$39.3bCA$45.8bCA$1.3b9.8x30.9x0.9x
Thu, 06 Mar 2025CA$42.0bCA$46.0bCA$1.1b21.1x37.5x0.9x
Sat, 01 Feb 2025CA$46.6bCA$47.4bCA$1.2b23x38.5x1x
Mon, 30 Dec 2024CA$40.1bCA$47.0bCA$1.2b22.5x33.9x0.9x
Wed, 27 Nov 2024CA$40.8bCA$45.9bCA$1.1b21.6x36.3x0.9x
Fri, 25 Oct 2024CA$40.4bCA$45.5bCA$1.1b29.9x35.8x0.9x
Sun, 22 Sep 2024CA$39.1bCA$44.6bCA$1.1b29.5x35.8x0.9x
Tue, 20 Aug 2024CA$39.7bCA$44.8bCA$1.1b29.7x36.8x0.9x
Thu, 18 Jul 2024CA$43.2bCA$47.1bCA$1.2b22.5x35.6x0.9x
Sat, 15 Jun 2024CA$43.4bCA$47.2bCA$1.2b23.6x35.6x0.9x
Mon, 13 May 2024CA$47.8bCA$47.0bCA$1.2b22.5x38.5x1x
Wed, 10 Apr 2024CA$45.6bCA$47.7bCA$2.0b21.2x22.8x1x
Fri, 08 Mar 2024CA$43.1bCA$47.4bCA$2.1b18x20.7x0.9x
Sun, 04 Feb 2024CA$41.6bCA$50.0bCA$3.4b15.1x12.4x0.8x
Tue, 02 Jan 2024CA$44.6bCA$49.3bCA$3.3b16.1x13.4x0.9x
Thu, 30 Nov 2023CA$44.4bCA$50.5bCA$3.4b12.8x13.1x0.9x
Sat, 28 Oct 2023CA$45.2bCA$55.3bCA$5.5b7.4x8.3x0.8x
Mon, 25 Sep 2023CA$48.8bCA$54.1bCA$5.4b8.3x9.1x0.9x
Wed, 23 Aug 2023CA$48.1bCA$54.4bCA$5.4b10.3x8.9x0.9x
Fri, 21 Jul 2023CA$49.7bCA$57.0bCA$9.5b9.2x5.2x0.9x
Sun, 18 Jun 2023CA$47.0bCA$57.1bCA$9.5b7.8x4.9x0.8x
Price to Earnings Ratio

4.9x


Total Market Cap: CA$47.0bTotal Earnings: CA$9.5bTotal Revenue: CA$57.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.8x202420252026
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 17.9x which is lower than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 1.0x 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 29% per year over the last three years,
  • Revenues have also declined 5.6% 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-2.24%
Materials-12.64%
Chemicals-5.83%
Fertilizers and Agricultural Chemicals-5.19%
Commodity Chemicals-5.50%
Industrial Gases-6.93%
Specialty Chemicals-9.74%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 42.5%, which is higher than its past year's earnings decline of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 7.1% 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$6.951.9%
+CA$45.5m		2,921.7%PS19138x
BU Burcon NutraScienceCA$2.3021.7%
+CA$5.2m		-5.0%PS19.7x
AIM AimiaCA$2.790.4%
+CA$885.7k		-5.4%PS0.5x
FNDX FendX TechnologiesCA$0.2735.0%
+CA$653.8k		-68.2%PE-0.8x

Latest News

GSP
CA$0.14
Gensource Potash
7D
16.0%
1Y
107.1%
HG
CA$6.75
HydroGraph Clean Power
7D
-1.7%
1Y
2,968.2%
MX
CA$81.94
Methanex
7D
-5.7%
1Y
71.1%
NEO
CA$29.62
Neo Performance Materials
7D
-13.7%
1Y
156.0%
Narrative Update • Jun 07

NEO: Rare Earth Magnet Bottleneck And European Supply Shift Will Support Upside

Analysts have lifted the blended price target for Neo Performance Materials to about CA$40 from about CA$28, reflecting updated views on revenue growth, profitability, and a lower assumed future P/E multiple, supported by recent target hikes from CA$26 to CA$44 across several firms. Analyst Commentary Recent target changes for Neo Performance Materials point to a reassessment of the stock's risk and reward profile, with several firms lifting their price targets into the high C$30s and low C$40s while maintaining positive ratings.
MLP
CA$1.87
Millennial Potash
7D
-15.4%
1Y
45.5%
NTR
CA$90.78
Nutrien
7D
-5.1%
1Y
10.3%
Narrative Update • Jun 05

NTR: Tighter Fertilizer Markets Will Support Higher Future Earnings Multiple

The updated fair value estimate for Nutrien has moved to CA$109.12 from CA$105.25 as analysts factor in recent mixed price target revisions and a higher assumed future P/E multiple, even as revenue growth and profit margin assumptions are reset lower. Analyst Commentary Recent research on Nutrien reflects a mix of optimism and caution, with several firms adjusting ratings and targets in both directions.
CHE.UN
CA$16.07
Chemtrade Logistics Income Fund
7D
-2.5%
1Y
45.2%
Narrative Update • Jun 05

CHE.UN: Capital Structure Cleanup And Buybacks Will Shape Future Income Potential

Analysts have modestly raised their average price target on Chemtrade Logistics Income Fund to around CA$19 to CA$20, citing updated assumptions for slightly higher revenue growth, a somewhat lower discount rate, and a higher future P/E multiple, even as forecast profit margins are trimmed. Analyst Commentary Recent research on Chemtrade Logistics Income Fund reflects a mix of optimism and caution, with several analysts revisiting their models and ratings in light of updated assumptions and valuation frameworks.
ARGO
CA$0.82
Argo Graphene Solutions
7D
2.5%
1Y
5.1%
VNP
CA$36.78
5N Plus
7D
-14.3%
1Y
295.1%
Narrative Update • Jun 03

VNP: Leadership Succession And Higher Future P E Multiple Will Shape Outlook

The analyst price target for 5N Plus has shifted from CA$36.10 to CA$47.41, with analysts citing updated fair value estimates and revised assumptions around discount rate, revenue growth, profit margins, and future P/E as the main drivers of the change. What's in the News 5N Plus Inc.
FNDX
CA$0.27
FendX Technologies
7D
35.0%
1Y
-68.2%
GRA
CA$1.73
NanoXplore
7D
-15.6%
1Y
-25.1%
BU
CA$2.07
Burcon NutraScience
7D
9.5%
1Y
-12.7%
AUUA
CA$3.18
Aluula Composites
7D
4.3%
1Y
389.2%