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Canadian (TSX) Chemicals Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies24
  • 7D3.8%
  • 3M12.1%
  • 1Y49.7%
  • YTD25.5%

The Chemicals industry is up 4.7% in the last week, with Nutrien up 4.5%. Meanwhile, Itafos actually underperformed within the industry, shrinking 14% in the last week. This means that the industry has gained 48% over the past year. Earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 May 2026CA$67.4bCA$45.4bCA$3.3b13.9x20.5x1.5x
Wed, 01 Apr 2026CA$68.2bCA$46.3bCA$3.5b14.5x19.2x1.5x
Fri, 27 Feb 2026CA$62.9bCA$45.5bCA$3.6b15.9x17.3x1.4x
Sun, 25 Jan 2026CA$60.3bCA$45.2bCA$3.0b17.7x20.1x1.3x
Tue, 23 Dec 2025CA$53.0bCA$45.3bCA$3.0b15x17.5x1.2x
Thu, 20 Nov 2025CA$50.1bCA$46.3bCA$3.1b14.3x16.1x1.1x
Sat, 18 Oct 2025CA$49.9bCA$45.1bCA$2.5b11.7x20.1x1.1x
Mon, 15 Sep 2025CA$48.9bCA$44.6bCA$2.5b12x19.9x1.1x
Wed, 13 Aug 2025CA$47.3bCA$44.3bCA$2.3b10x20.4x1.1x
Fri, 11 Jul 2025CA$50.1bCA$43.7bCA$1.1b10.6x46.2x1.1x
Sun, 08 Jun 2025CA$47.5bCA$43.8bCA$1.1b9.7x43.3x1.1x
Tue, 06 May 2025CA$45.4bCA$44.5bCA$1.3b9.2x34.5x1x
Thu, 03 Apr 2025CA$41.8bCA$46.0bCA$1.3b11.4x32.7x0.9x
Sat, 01 Mar 2025CA$45.3bCA$46.4bCA$1.1b22.8x40x1x
Mon, 27 Jan 2025CA$46.6bCA$46.7bCA$1.2b24x39.6x1x
Wed, 25 Dec 2024CA$40.0bCA$46.9bCA$1.2b22.1x33.9x0.9x
Fri, 22 Nov 2024CA$39.9bCA$45.6bCA$1.1b22.4x35.7x0.9x
Sun, 20 Oct 2024CA$40.4bCA$45.4bCA$1.1b29.8x36x0.9x
Tue, 17 Sep 2024CA$38.7bCA$44.7bCA$1.1b29.2x35.4x0.9x
Thu, 15 Aug 2024CA$39.4bCA$45.1bCA$1.2b28.8x33.7x0.9x
Sat, 13 Jul 2024CA$42.0bCA$46.9bCA$1.2b23.8x34.7x0.9x
Mon, 10 Jun 2024CA$46.4bCA$47.3bCA$1.2b23.4x38x1x
Wed, 08 May 2024CA$45.9bCA$48.2bCA$1.8b21.7x25.3x1x
Fri, 05 Apr 2024CA$45.6bCA$47.6bCA$2.0b21.3x22.9x1x
Sun, 03 Mar 2024CA$42.6bCA$47.7bCA$2.2b17.1x19.7x0.9x
Tue, 30 Jan 2024CA$41.4bCA$49.9bCA$3.4b14.5x12.3x0.8x
Thu, 28 Dec 2023CA$45.3bCA$49.2bCA$3.3b14.7x13.7x0.9x
Sat, 25 Nov 2023CA$44.9bCA$50.7bCA$3.4b12.3x13.2x0.9x
Mon, 23 Oct 2023CA$47.5bCA$54.9bCA$5.5b7.9x8.7x0.9x
Wed, 20 Sep 2023CA$49.5bCA$53.9bCA$5.4b8.4x9.2x0.9x
Fri, 18 Aug 2023CA$48.6bCA$54.2bCA$5.4b10.3x9x0.9x
Sun, 16 Jul 2023CA$47.5bCA$57.2bCA$9.6b8.6x5x0.8x
Tue, 13 Jun 2023CA$47.2bCA$57.8bCA$9.7b9.3x4.9x0.8x
Thu, 11 May 2023CA$50.0bCA$59.9bCA$10.7b9.3x4.7x0.8x
Price to Earnings Ratio

4.7x


Total Market Cap: CA$50.0bTotal Earnings: CA$10.7bTotal Revenue: CA$59.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.3x202420252026
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 20.5x which is lower than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 33% per year over the last three years,
  • Revenues have also declined 8.8% 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 Market0.22%
Materials-5.39%
Chemicals3.84%
Commodity Chemicals5.16%
Specialty Chemicals4.95%
Fertilizers and Agricultural Chemicals3.44%
Industrial Gases-4.00%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 38.1%, which is higher than its past year's earnings growth of 9.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings growth rate of 9.8% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 2.4% 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
NTR NutrienCA$102.243.7%
+CA$1.7b		31.7%PE16x
MX MethanexCA$87.365.5%
+CA$356.4m		98.6%PS1.4x
VNP 5N PlusCA$34.966.1%
+CA$179.9m		426.5%PE45.7x
HG HydroGraph Clean PowerCA$7.705.5%
+CA$139.9m		3,108.3%PS31747.8x
CHE.UN Chemtrade Logistics Income FundCA$17.306.3%
+CA$115.2m		80.8%PE13.9x

Latest News

MLP
CA$2.22
Millennial Potash
7D
12.7%
1Y
155.2%
MX
CA$87.36
Methanex
7D
5.5%
1Y
98.6%
CHE.UN
CA$17.30
Chemtrade Logistics Income Fund
7D
6.3%
1Y
80.8%

CHE.UN: Buybacks And Mixed Rating Shifts Will Shape Future Income Power

Analysts have raised their fair value estimate for Chemtrade Logistics Income Fund from about CA$18.32 to CA$19.18, citing updated expectations for revenue growth, profit margins and a slightly lower discount rate following recent rating changes. Analyst Commentary Recent Street research on Chemtrade Logistics Income Fund reflects a mix of optimism and caution, with several ratings and fair value views being adjusted over a short period.
VNP
CA$34.96
5N Plus
7D
6.1%
1Y
426.5%
AIM
CA$2.71
Aimia
7D
-1.1%
1Y
4.6%
NEO
CA$26.71
Neo Performance Materials
7D
4.1%
1Y
128.5%
HPQ
CA$0.17
HPQ Silicon
7D
6.1%
1Y
0%
BOS
CA$6.74
AirBoss of America
7D
-6.0%
1Y
75.1%
IFOS
CA$3.20
Itafos
7D
-13.7%
1Y
42.2%
NTR
CA$102.24
Nutrien
7D
3.7%
1Y
31.7%

NTR: Tighter Fertilizer Markets And DOJ Probe Will Shape Balanced Outlook

The analyst price target for Nutrien has risen by CA$4.18. Analysts attribute this change to updated assumptions for slightly stronger revenue growth, higher profit margins, and a lower future P/E multiple, reflecting the recent wave of higher sector targets and tighter global fertilizer markets.
RZL
CA$0.47
RZOLV Technologies
7D
-6.0%
1Y
n/a
CH
CA$0.12
Charbone Hydrogen
7D
-11.1%
1Y
100.0%
BUFF
CA$0.64
Buffalo Potash
7D
-22.0%
1Y
n/a
AUUA
CA$2.90
Aluula Composites
7D
-2.4%
1Y
417.9%
HG
CA$7.70
HydroGraph Clean Power
7D
5.5%
1Y
3,108.3%
FNDX
CA$0.23
FendX Technologies
7D
-43.8%
1Y
-73.5%