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Canadian (TSX) Chemicals Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies27
  • 7D4.2%
  • 3M-11.2%
  • 1Y24.5%
  • YTD12.1%

Over the last 7 days, the Chemicals industry has risen 4.1%, driven by gains from Nutrien of 6.2%. Meanwhile, HydroGraph Clean Power actually underperformed within the industry, shrinking 20% in the last week. This takes the industry's 12 month performance to a gain of 24%. Earnings are forecast to grow by 3.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026CA$60.2bCA$48.8bCA$3.5b13x17.1x1.2x
Tue, 02 Jun 2026CA$63.6bCA$47.5bCA$3.5b10.4x18.3x1.3x
Thu, 30 Apr 2026CA$65.6bCA$45.6bCA$3.5b14.6x18.8x1.4x
Sat, 28 Mar 2026CA$66.2bCA$46.3bCA$3.5b14.6x18.7x1.4x
Mon, 23 Feb 2026CA$61.7bCA$45.5bCA$3.6b16.4x17x1.4x
Wed, 21 Jan 2026CA$57.7bCA$45.6bCA$3.0b16.5x19x1.3x
Fri, 19 Dec 2025CA$53.4bCA$45.4bCA$3.0b14.8x17.6x1.2x
Sun, 16 Nov 2025CA$52.1bCA$46.2bCA$3.0b14.9x17.1x1.1x
Tue, 14 Oct 2025CA$52.0bCA$45.0bCA$2.5b11.7x21x1.2x
Thu, 11 Sep 2025CA$48.6bCA$44.6bCA$2.5b11.8x19.8x1.1x
Sat, 09 Aug 2025CA$46.7bCA$44.2bCA$2.3b10.2x20.3x1.1x
Mon, 07 Jul 2025CA$48.8bCA$43.6bCA$1.1b10.7x45.2x1.1x
Wed, 04 Jun 2025CA$47.5bCA$43.9bCA$1.1b9.7x43.3x1.1x
Fri, 02 May 2025CA$45.3bCA$44.6bCA$1.3b9.2x34.5x1x
Sun, 30 Mar 2025CA$42.2bCA$46.0bCA$1.3b11.7x32.6x0.9x
Tue, 25 Feb 2025CA$44.9bCA$45.8bCA$1.1b22.5x40.3x1x
Thu, 23 Jan 2025CA$45.1bCA$46.9bCA$1.2b23.7x38.3x1x
Sat, 21 Dec 2024CA$39.5bCA$46.8bCA$1.2b21.3x33.5x0.8x
Mon, 18 Nov 2024CA$40.3bCA$46.0bCA$1.1b23.3x35.8x0.9x
Wed, 16 Oct 2024CA$40.6bCA$45.3bCA$1.1b30x36.2x0.9x
Fri, 13 Sep 2024CA$37.8bCA$44.6bCA$1.1b28.9x34.5x0.8x
Sun, 11 Aug 2024CA$38.9bCA$45.1bCA$1.1b28.8x35.1x0.9x
Tue, 09 Jul 2024CA$41.9bCA$46.9bCA$1.2b23.3x34.6x0.9x
Thu, 06 Jun 2024CA$47.3bCA$47.1bCA$1.2b23.5x39x1x
Sat, 04 May 2024CA$43.8bCA$48.1bCA$1.8b20.8x24.3x0.9x
Mon, 01 Apr 2024CA$44.0bCA$47.6bCA$2.0b21.3x22.1x0.9x
Wed, 28 Feb 2024CA$43.3bCA$47.6bCA$2.1b17.2x20.2x0.9x
Fri, 26 Jan 2024CA$41.8bCA$50.1bCA$3.4b14.7x12.4x0.8x
Sun, 24 Dec 2023CA$45.2bCA$49.3bCA$3.3b14.6x13.6x0.9x
Tue, 21 Nov 2023CA$45.8bCA$51.0bCA$3.4b12.8x13.4x0.9x
Thu, 19 Oct 2023CA$49.0bCA$54.9bCA$5.5b8.2x8.9x0.9x
Sat, 16 Sep 2023CA$49.7bCA$54.2bCA$5.4b8.6x9.2x0.9x
Mon, 14 Aug 2023CA$52.3bCA$53.9bCA$5.3b12.7x9.8x1x
Wed, 12 Jul 2023CA$47.3bCA$57.3bCA$9.6b8.8x4.9x0.8x
Price to Earnings Ratio

4.9x


Total Market Cap: CA$47.3bTotal Earnings: CA$9.6bTotal Revenue: CA$57.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 25.1x202420252026
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 25.1x.
  • 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 5.2% 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 Market0.99%
Materials5.49%
Chemicals4.20%
Fertilizers and Agricultural Chemicals6.16%
Industrial Gases2.31%
Specialty Chemicals0.88%
Commodity Chemicals-3.43%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 34.3x.
    • Analysts are expecting annual earnings growth of 40.7%, 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 41% 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 6.7% 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$91.926.2%
+CA$2.6b		11.4%PE13x
VNP 5N PlusCA$42.9711.2%
+CA$390.3m		346.7%PE46.3x
NEO Neo Performance MaterialsCA$37.463.6%
+CA$54.5m		155.5%PS2.2x
MLP Millennial PotashCA$2.0812.4%
+CA$27.2m		48.6%PB5.2x
AIM AimiaCA$2.947.7%
+CA$18.6m		2.1%PS0.5x

Latest News

MLP
CA$2.08
Millennial Potash
7D
12.4%
1Y
48.6%
FORT
CA$1.05
Fort Technology
7D
-38.6%
1Y
n/a
BUFF
CA$0.52
Buffalo Potash
7D
10.6%
1Y
n/a
NANO
CA$0.77
Nano One Materials
7D
-1.3%
1Y
5.5%
MX
CA$65.09
Methanex
7D
-4.4%
1Y
38.6%
HG
CA$4.40
HydroGraph Clean Power
7D
-20.0%
1Y
1,855.6%
GRA
CA$1.63
NanoXplore
7D
-1.8%
1Y
-30.8%
Narrative Update • Jun 26

GRA: Graphene Packaging Partnership Will Support Stronger Margins And Future Upside Potential

Analysts have reduced their NanoXplore price target from about CA$7.78 to CA$4.60. This change reflects updated assumptions that combine a slightly higher discount rate and more moderate revenue growth with a stronger projected profit margin and a lower future P/E multiple.
BOS
CA$7.02
AirBoss of America
7D
3.4%
1Y
45.3%
Narrative Update • Jun 26

BOS: Higher Future P/E Expectations Will Support A More Optimistic Outlook

Analysts have lifted their fair value estimate for AirBoss of America to CA$9.99 from CA$6.39, citing updated assumptions on discount rates, revenue growth, profit margins, and a higher expected future P/E multiple. What’s in the News for AirBoss of America No recent news stories for AirBoss of America were provided in the available sources.
AUUA
CA$3.40
Aluula Composites
7D
-2.9%
1Y
300.0%
NTR
CA$91.92
Nutrien
7D
6.2%
1Y
11.4%
Narrative Update • Jun 23

NTR: Elevated Fertilizer Prices And Buybacks Will Support Future Upside

The analyst fair value estimate for Nutrien has been revised from CA$112.49 to CA$120.23, reflecting recent Street research that balances higher price targets from several firms with more cautious views on normalized fertilizer earnings, along with a modestly higher assumed future P/E multiple. Analyst Commentary Recent Street research on Nutrien points to a mixed but generally constructive tone, with several bullish analysts raising price targets or upgrading the stock while others adopt a more cautious view on where fertilizer earnings may ultimately settle.
NEO
CA$37.46
Neo Performance Materials
7D
3.6%
1Y
155.5%
Narrative Update • Jun 23

NEO: European Rare Earth Progress And AI Partnership Will Shape Balanced Outlook

Analysts have maintained their average price target on Neo Performance Materials at CA$39.63, with recent CA$43 and CA$44 target increases supported by recalibrated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Neo Performance Materials points to a run of upward price target revisions that cluster around the current average target.
CHE.UN
CA$15.83
Chemtrade Logistics Income Fund
7D
-1.7%
1Y
43.0%
Narrative Update • Jun 22

CHE.UN: Buybacks And Water-Focused Acquisitions Will Shape Future Income Potential

Analysts have lifted their average price target for Chemtrade Logistics Income Fund by CA$1.00 to CA$19.75, reflecting a series of recent target increases and rating changes across firms. Analyst Commentary Recent analyst actions on Chemtrade Logistics Income Fund show a mix of optimism on valuation and execution, along with some caution about how the story unfolds from here.
VNP
CA$42.97
5N Plus
7D
11.2%
1Y
346.7%
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...
AIM
CA$2.94
Aimia
7D
7.7%
1Y
2.1%
ECO
CA$3.00
EcoSynthetix
7D
-3.2%
1Y
-26.8%
IFOS
CA$2.53
Itafos
7D
2.4%
1Y
-17.9%
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...