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Canadian (TSX) Chemicals Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies27
  • 7D3.8%
  • 3M-11.3%
  • 1Y24.7%
  • YTD12.1%

The Chemicals industry is up 3.8% in the last week, with Nutrien up 6.2%. During this same period, the HydroGraph Clean Power underperformed, falling 20%. In the last 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 3.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Jul 2026CA$60.2bCA$48.8bCA$3.5b13x17.1x1.2x
Wed, 03 Jun 2026CA$64.6bCA$47.7bCA$3.5b10.4x18.5x1.4x
Fri, 01 May 2026CA$66.8bCA$45.4bCA$3.3b13.7x20.3x1.5x
Sun, 29 Mar 2026CA$68.3bCA$46.3bCA$3.5b14.6x19.3x1.5x
Tue, 24 Feb 2026CA$61.7bCA$45.5bCA$3.6b16.4x17x1.4x
Thu, 22 Jan 2026CA$57.9bCA$45.6bCA$3.0b17.5x19.1x1.3x
Sat, 20 Dec 2025CA$52.5bCA$45.5bCA$3.0b14.9x17.3x1.2x
Mon, 17 Nov 2025CA$52.1bCA$46.2bCA$3.0b14.9x17.1x1.1x
Wed, 15 Oct 2025CA$52.0bCA$45.2bCA$2.5b11.8x20.9x1.2x
Fri, 12 Sep 2025CA$49.3bCA$44.5bCA$2.5b12.2x20.1x1.1x
Sun, 10 Aug 2025CA$46.8bCA$44.2bCA$2.3b10.2x20.2x1.1x
Tue, 08 Jul 2025CA$48.8bCA$43.7bCA$1.1b10.6x45x1.1x
Thu, 05 Jun 2025CA$47.4bCA$43.8bCA$1.1b9.7x43.3x1.1x
Sat, 03 May 2025CA$45.4bCA$44.5bCA$1.3b9.4x34.6x1x
Mon, 31 Mar 2025CA$42.2bCA$46.0bCA$1.3b11.7x32.6x0.9x
Wed, 26 Feb 2025CA$44.6bCA$45.9bCA$1.1b22.6x40x1x
Fri, 24 Jan 2025CA$46.2bCA$46.8bCA$1.2b23.9x39.2x1x
Sun, 22 Dec 2024CA$39.9bCA$46.8bCA$1.2b21.3x33.8x0.9x
Tue, 19 Nov 2024CA$40.4bCA$46.0bCA$1.1b22.9x35.9x0.9x
Thu, 17 Oct 2024CA$40.6bCA$45.2bCA$1.1b30x36.3x0.9x
Sat, 14 Sep 2024CA$38.3bCA$44.7bCA$1.1b29.3x35x0.9x
Mon, 12 Aug 2024CA$38.9bCA$45.1bCA$1.1b28.8x35.1x0.9x
Wed, 10 Jul 2024CA$41.4bCA$46.9bCA$1.2b22.8x34.3x0.9x
Fri, 07 Jun 2024CA$46.4bCA$47.0bCA$1.2b22.9x38.3x1x
Sun, 05 May 2024CA$44.0bCA$48.1bCA$1.8b20.8x24.4x0.9x
Tue, 02 Apr 2024CA$44.0bCA$47.7bCA$2.0b21.3x22x0.9x
Thu, 29 Feb 2024CA$43.1bCA$47.8bCA$2.2b17.4x20x0.9x
Sat, 27 Jan 2024CA$41.3bCA$50.0bCA$3.4b15x12.3x0.8x
Mon, 25 Dec 2023CA$45.2bCA$49.3bCA$3.3b14.6x13.6x0.9x
Wed, 22 Nov 2023CA$45.8bCA$51.0bCA$3.4b12.6x13.4x0.9x
Fri, 20 Oct 2023CA$48.6bCA$55.0bCA$5.5b8.1x8.9x0.9x
Sun, 17 Sep 2023CA$50.5bCA$54.2bCA$5.4b8.6x9.3x0.9x
Tue, 15 Aug 2023CA$50.5bCA$54.0bCA$5.3b13.1x9.5x0.9x
Thu, 13 Jul 2023CA$46.7bCA$57.0bCA$9.5b8.8x4.9x0.8x
Price to Earnings Ratio

4.9x


Total Market Cap: CA$46.7bTotal Earnings: CA$9.5bTotal Revenue: CA$57.0bTotal 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 5.1% 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 Market1.35%
Materials6.12%
Chemicals3.82%
Fertilizers and Agricultural Chemicals6.16%
Industrial Gases2.31%
Specialty Chemicals-1.16%
Commodity Chemicals-4.13%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 34.6x.
    • 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$91.925.7%
+CA$2.4b		10.7%PE13x
VNP 5N PlusCA$42.973.8%
+CA$143.0m		355.2%PE46.3x
NEO Neo Performance MaterialsCA$37.463.7%
+CA$56.6m		157.6%PS2.2x
IFOS ItafosCA$2.535.4%
+CA$25.3m		-11.8%PE4.2x
MLP Millennial PotashCA$2.0810.6%
+CA$23.6m		41.5%PB5.2x

Latest News

MLP
CA$2.08
Millennial Potash
7D
10.6%
1Y
41.5%
FORT
CA$1.05
Fort Technology
7D
-23.4%
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
-6.1%
1Y
40.5%
HG
CA$4.40
HydroGraph Clean Power
7D
-15.7%
1Y
1,733.3%
GRA
CA$1.63
NanoXplore
7D
-0.6%
1Y
-30.0%
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.
AUUA
CA$3.40
Aluula Composites
7D
-1.4%
1Y
277.8%
NTR
CA$91.92
Nutrien
7D
5.7%
1Y
10.7%
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
3.7%
1Y
157.6%
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
0.3%
1Y
42.9%
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
3.8%
1Y
355.2%
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
8.5%
1Y
-0.7%
HEVI
CA$0.19
Helium Evolution
7D
-2.6%
1Y
5.6%
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$3.00
EcoSynthetix
7D
-10.4%
1Y
-26.8%
IFOS
CA$2.53
Itafos
7D
5.4%
1Y
-11.8%
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...