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Canadian (TSX) Chemicals Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies27
  • 7D-2.8%
  • 3M-14.1%
  • 1Y24.8%
  • YTD8.1%

Over the last 7 days, the Chemicals industry has dropped 4.0%, driven by pullbacks in HydroGraph Clean Power and Nutrien of 25% and 1.4%, respectively. Over the past 12 months, the industry was up 24%. Earnings are forecast to grow by 4.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Jun 2026CA$57.8bCA$48.8bCA$3.5b12.3x16.5x1.2x
Thu, 28 May 2026CA$65.4bCA$47.6bCA$3.5b10.2x18.8x1.4x
Sat, 25 Apr 2026CA$64.8bCA$45.6bCA$3.5b14.1x18.6x1.4x
Mon, 23 Mar 2026CA$65.3bCA$45.7bCA$3.5b15.9x18.9x1.4x
Wed, 18 Feb 2026CA$60.7bCA$45.0bCA$3.0b17.3x20.3x1.3x
Fri, 16 Jan 2026CA$57.7bCA$45.8bCA$3.1b16.8x18.9x1.3x
Sun, 14 Dec 2025CA$53.5bCA$45.4bCA$3.0b15.4x17.7x1.2x
Tue, 11 Nov 2025CA$50.6bCA$46.1bCA$3.1b13.4x16.3x1.1x
Thu, 09 Oct 2025CA$52.7bCA$44.9bCA$2.5b12.1x21.3x1.2x
Sat, 06 Sep 2025CA$48.7bCA$44.6bCA$2.5b11.8x19.8x1.1x
Mon, 04 Aug 2025CA$48.6bCA$43.9bCA$1.1b10.2x42.9x1.1x
Wed, 02 Jul 2025CA$47.2bCA$43.6bCA$1.1b10.4x43.7x1.1x
Fri, 30 May 2025CA$47.6bCA$44.2bCA$1.1b9.8x42.9x1.1x
Sun, 27 Apr 2025CA$43.4bCA$44.6bCA$1.2b10.7x35.2x1x
Tue, 25 Mar 2025CA$44.3bCA$46.0bCA$1.3b12.2x35.1x1x
Thu, 20 Feb 2025CA$44.1bCA$46.3bCA$1.2b23x37.1x1x
Sat, 18 Jan 2025CA$45.3bCA$47.1bCA$1.2b23.5x38.2x1x
Mon, 16 Dec 2024CA$42.0bCA$46.4bCA$1.2b21.4x36x0.9x
Wed, 13 Nov 2024CA$41.6bCA$45.6bCA$1.1b25x36.7x0.9x
Fri, 11 Oct 2024CA$41.4bCA$45.2bCA$1.1b30.7x37.4x0.9x
Sun, 08 Sep 2024CA$38.7bCA$44.6bCA$1.1b29x35.4x0.9x
Tue, 06 Aug 2024CA$40.6bCA$47.5bCA$1.2b22.8x33.7x0.9x
Thu, 04 Jul 2024CA$42.2bCA$46.9bCA$1.2b24.8x34.9x0.9x
Sat, 01 Jun 2024CA$47.6bCA$46.9bCA$1.2b28.6x39.6x1x
Mon, 29 Apr 2024CA$43.5bCA$47.8bCA$2.0b20.5x21.7x0.9x
Wed, 27 Mar 2024CA$42.9bCA$47.7bCA$2.0b20.8x21.4x0.9x
Fri, 23 Feb 2024CA$41.1bCA$47.5bCA$2.1b17.1x19.2x0.9x
Sun, 21 Jan 2024CA$40.7bCA$50.1bCA$3.4b15.2x12.1x0.8x
Tue, 19 Dec 2023CA$43.9bCA$49.8bCA$3.3b13.4x13.1x0.9x
Thu, 16 Nov 2023CA$45.7bCA$50.9bCA$3.4b12.9x13.4x0.9x
Sat, 14 Oct 2023CA$48.2bCA$54.7bCA$5.5b8.1x8.8x0.9x
Mon, 11 Sep 2023CA$50.0bCA$54.7bCA$5.5b8.4x9.2x0.9x
Wed, 09 Aug 2023CA$52.0bCA$53.8bCA$5.4b12.2x9.6x1x
Fri, 07 Jul 2023CA$46.7bCA$57.8bCA$9.7b8.9x4.8x0.8x
Price to Earnings Ratio

4.8x


Total Market Cap: CA$46.7bTotal Earnings: CA$9.7bTotal Revenue: CA$57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 25x202420252026
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 16.5x which is lower than its 3-year average PE of 25.0x.
  • 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 29% per year over the last three years,
  • Revenues have also declined 5.5% 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-1.02%
Materials-6.52%
Chemicals-2.84%
Fertilizers and Agricultural Chemicals-1.51%
Commodity Chemicals-4.96%
Industrial Gases-7.61%
Specialty Chemicals-7.69%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 33.0x.
    • Analysts are expecting annual earnings growth of 41.9%, 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
CHE.UN Chemtrade Logistics Income FundCA$15.781.2%
+CA$20.1m		42.2%PE15.2x
AUUA Aluula CompositesCA$3.4512.4%
+CA$11.7m		456.5%PS10.2x
BUFF Buffalo PotashCA$0.47-6.0%
CA$10.0m		n/aPB30x
ECO EcoSynthetixCA$3.355.3%
+CA$10.0m		-17.5%PS6.8x
ERTH Replenish Nutrients HoldingCA$0.1412.0%
+CA$3.0m		75.0%PS4.1x

Latest News

MX
CA$69.30
Methanex
7D
-7.2%
1Y
53.7%
HG
CA$5.22
HydroGraph Clean Power
7D
-24.7%
1Y
2,272.7%
ARGO
CA$0.89
Argo Graphene Solutions
7D
-1.1%
1Y
-1.1%
FORT
CA$1.37
Fort Technology
7D
-51.1%
1Y
n/a
AUUA
CA$3.45
Aluula Composites
7D
12.4%
1Y
456.5%
NTR
CA$86.99
Nutrien
7D
-1.4%
1Y
9.6%
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.
CHE.UN
CA$15.78
Chemtrade Logistics Income Fund
7D
1.2%
1Y
42.2%
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$41.38
5N Plus
7D
-0.3%
1Y
362.9%
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...
BUFF
CA$0.47
Buffalo Potash
7D
-6.0%
1Y
n/a
MLP
CA$1.88
Millennial Potash
7D
-5.5%
1Y
28.8%
FNDX
CA$0.24
FendX Technologies
7D
20.0%
1Y
-68.0%
ERTH
CA$0.14
Replenish Nutrients Holding
7D
12.0%
1Y
75.0%
HEVI
CA$0.20
Helium Evolution
7D
2.6%
1Y
2.6%
Analysis Article • May 12

Is Helium Evolution (CVE:HEVI) In A Good Position To Invest In Growth?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
ECO
CA$3.35
EcoSynthetix
7D
5.3%
1Y
-17.5%
IFOS
CA$2.40
Itafos
7D
-4.8%
1Y
-14.0%
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$0.15
HPQ Silicon
7D
-11.8%
1Y
-3.2%