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Canadian (TSX) Chemicals Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies27
  • 7D-4.9%
  • 3M-8.0%
  • 1Y22.5%
  • YTD11.9%

Over the last 7 days, the Chemicals industry has dropped 4.9%, driven by a pullback from Nutrien of 6.2%. On the other hand 5N Plus is actually up 12%. Over the past 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 4.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026CA$60.0bCA$48.7bCA$3.5b12.6x17.1x1.2x
Mon, 18 May 2026CA$65.8bCA$47.4bCA$3.5b10.5x19x1.4x
Wed, 15 Apr 2026CA$67.3bCA$45.9bCA$3.5b13.6x19.2x1.5x
Fri, 13 Mar 2026CA$69.0bCA$45.4bCA$3.5b17.8x19.9x1.5x
Sun, 08 Feb 2026CA$59.0bCA$45.0bCA$3.0b17.1x19.7x1.3x
Tue, 06 Jan 2026CA$53.5bCA$45.4bCA$3.0b15.5x17.7x1.2x
Thu, 04 Dec 2025CA$51.8bCA$45.9bCA$3.1b14.8x16.9x1.1x
Sat, 01 Nov 2025CA$48.3bCA$45.1bCA$2.4b14.2x19.9x1.1x
Mon, 29 Sep 2025CA$51.2bCA$44.8bCA$2.5b12.2x20.7x1.1x
Wed, 27 Aug 2025CA$49.5bCA$44.5bCA$2.4b11.4x20.2x1.1x
Fri, 25 Jul 2025CA$49.3bCA$43.7bCA$1.1b10.5x45.5x1.1x
Sun, 22 Jun 2025CA$49.2bCA$44.0bCA$1.1b10.4x44.7x1.1x
Tue, 20 May 2025CA$46.9bCA$44.7bCA$1.2b9.9x39.8x1.1x
Thu, 17 Apr 2025CA$42.0bCA$44.6bCA$1.2b9.8x33.9x0.9x
Sat, 15 Mar 2025CA$42.6bCA$46.1bCA$1.2b18.9x36.4x0.9x
Mon, 10 Feb 2025CA$44.5bCA$46.6bCA$1.2b23.6x37.5x1x
Wed, 08 Jan 2025CA$43.1bCA$46.8bCA$1.2b23.3x36.6x0.9x
Fri, 06 Dec 2024CA$41.9bCA$45.8bCA$1.1b21.9x36.5x0.9x
Sun, 03 Nov 2024CA$41.1bCA$45.8bCA$1.1b30.2x36.1x0.9x
Tue, 01 Oct 2024CA$40.1bCA$44.5bCA$1.1b30.1x36.8x0.9x
Thu, 29 Aug 2024CA$40.3bCA$44.3bCA$1.1b29.9x37.8x0.9x
Sat, 27 Jul 2024CA$43.0bCA$47.6bCA$1.2b23.1x35x0.9x
Mon, 24 Jun 2024CA$43.4bCA$47.1bCA$1.2b22.8x35.7x0.9x
Wed, 22 May 2024CA$47.7bCA$47.0bCA$1.2b28.2x39.5x1x
Fri, 19 Apr 2024CA$43.7bCA$48.3bCA$2.0b20.3x21.6x0.9x
Sun, 17 Mar 2024CA$43.3bCA$47.6bCA$2.1b17.5x20.6x0.9x
Tue, 13 Feb 2024CA$41.0bCA$49.9bCA$3.4b16.4x12.2x0.8x
Thu, 11 Jan 2024CA$42.9bCA$49.8bCA$3.3b16.3x12.8x0.9x
Sat, 09 Dec 2023CA$43.6bCA$50.5bCA$3.4b12.9x12.9x0.9x
Mon, 06 Nov 2023CA$45.5bCA$50.9bCA$3.3b12.7x13.6x0.9x
Wed, 04 Oct 2023CA$48.0bCA$54.8bCA$5.5b7.7x8.8x0.9x
Fri, 01 Sep 2023CA$50.1bCA$54.2bCA$5.4b8.5x9.3x0.9x
Sun, 30 Jul 2023CA$51.9bCA$57.0bCA$9.5b11.9x5.5x0.9x
Tue, 27 Jun 2023CA$46.2bCA$56.9bCA$9.5b7.9x4.9x0.8x
Price to Earnings Ratio

4.9x


Total Market Cap: CA$46.2bTotal Earnings: CA$9.5bTotal Revenue: CA$56.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.9x202420252026
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 17.1x which is lower than its 3-year average PE of 24.9x.
  • The 3-year average PS ratio of 1.0x 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 28% per year over the last three years,
  • Revenues have also declined 5.0% 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-0.37%
Materials0.44%
Chemicals-4.92%
Specialty Chemicals5.46%
Fertilizers and Agricultural Chemicals-6.07%
Industrial Gases-6.95%
Commodity Chemicals-8.06%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 30.2x.
    • 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
VNP 5N PlusCA$43.8811.8%
+CA$416.4m		403.8%PE47.4x
NEO Neo Performance MaterialsCA$35.084.6%
+CA$65.0m		179.1%PS2x
IFOS ItafosCA$2.601.2%
+CA$5.8m		0.8%PE4.4x
BUFF Buffalo PotashCA$0.4914.0%
+CA$4.9m		n/aPB23.6x
NPK Verde AgriTechCA$0.729.9%
+CA$3.7m		26.3%PS2.6x

Latest News

MGRO
CA$0.44
MustGrow Biologics
7D
-10.2%
1Y
-50.0%
CHE.UN
CA$15.45
Chemtrade Logistics Income Fund
7D
-5.8%
1Y
38.7%
VNP
CA$43.88
5N Plus
7D
11.8%
1Y
403.8%
Analysis Article • Jun 19

5N Plus (TSX:VNP) Stock Could Be 17.1% Undervalued As Space Demand Supports Growth

Fresh analyst commentary on 5N Plus (TSX:VNP) is drawing attention to the company’s role supplying materials to the growing space infrastructure sector, where expanding satellite projects and a sold out solar cell subsidiary underpin demand visibility through 2027. See our latest analysis for 5N Plus. For context, 5N Plus shares have climbed strongly in recent months, with a 90 day share price return of 40.51% and a year to date share price return of 128.17%. The 1 year total shareholder...
HG
CA$6.62
HydroGraph Clean Power
7D
-1.2%
1Y
3,052.4%
Analysis Article • Jun 18

HydroGraph Clean Power (CNSX:HG) Stock Looks Pricey After Aerospace And Defense Push

HydroGraph Clean Power (CNSX:HG) is drawing fresh attention after appointing Robert Yancey, Ph.D., to lead its newly created government, aerospace and defense division focused on advanced manufacturing technology and procurement programs. See our latest analysis for HydroGraph Clean Power. That appointment comes as HydroGraph Clean Power’s share price sits at CA$6.74, with a year to date share price return of 146.89% and a very large 1 year total shareholder return that signals strong...
NPK
CA$0.72
Verde AgriTech
7D
9.9%
1Y
26.3%
GRA
CA$1.67
NanoXplore
7D
-6.2%
1Y
-26.1%
MX
CA$75.57
Methanex
7D
-9.1%
1Y
47.4%
NEO
CA$35.08
Neo Performance Materials
7D
4.6%
1Y
179.1%
BUFF
CA$0.49
Buffalo Potash
7D
14.0%
1Y
n/a
GSP
CA$0.13
Gensource Potash
7D
-3.8%
1Y
47.1%
NTR
CA$88.73
Nutrien
7D
-6.2%
1Y
5.9%
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.
NANO
CA$0.79
Nano One Materials
7D
1.3%
1Y
14.5%
CH
CA$0.13
Charbone
7D
-10.7%
1Y
127.3%
ECO
CA$3.09
EcoSynthetix
7D
1.3%
1Y
-24.6%
IFOS
CA$2.60
Itafos
7D
1.2%
1Y
0.8%
Analysis Article • May 06

Itafos' (CVE:IFOS) Anemic Earnings Might Be Worse Than You Think

Last week's earnings announcement from Itafos Inc. ( CVE:IFOS ) was disappointing to investors, with a sluggish profit...
HPQ
CA$0.17
HPQ Silicon
7D
3.0%
1Y
0%