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Canadian (TSX) Chemicals Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies27
  • 7D-4.3%
  • 3M-8.4%
  • 1Y28.2%
  • YTD11.6%

Over the last 7 days, the Chemicals industry has dropped 4.3%, driven by a pullback from Nutrien of 7.1%. On the other hand HydroGraph Clean Power is actually up 33%. This takes the industry's 12 month performance to a gain of 28%. Looking forward, earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 10 Aug 2026CA$59.8bCA$49.5bCA$3.6b14.3x16.6x1.2x
Wed, 08 Jul 2026CA$60.1bCA$48.8bCA$3.5b13.1x17.1x1.2x
Fri, 05 Jun 2026CA$64.7bCA$47.9bCA$3.5b10.3x18.5x1.4x
Sun, 03 May 2026CA$67.4bCA$45.4bCA$3.3b13.9x20.5x1.5x
Tue, 31 Mar 2026CA$68.3bCA$46.4bCA$3.5b14.5x19.3x1.5x
Thu, 26 Feb 2026CA$63.2bCA$45.5bCA$3.6b16.1x17.4x1.4x
Sat, 24 Jan 2026CA$58.7bCA$45.2bCA$3.0b17.7x19.5x1.3x
Mon, 22 Dec 2025CA$53.0bCA$45.5bCA$3.0b14.9x17.5x1.2x
Wed, 19 Nov 2025CA$50.2bCA$46.0bCA$3.1b14.5x16.2x1.1x
Fri, 17 Oct 2025CA$51.4bCA$45.2bCA$2.5b11.6x20.6x1.1x
Sun, 14 Sep 2025CA$48.9bCA$44.6bCA$2.5b12x19.9x1.1x
Tue, 12 Aug 2025CA$46.8bCA$44.3bCA$2.3b10x20.2x1.1x
Thu, 10 Jul 2025CA$49.5bCA$43.8bCA$1.1b10.7x45.6x1.1x
Sat, 07 Jun 2025CA$47.6bCA$43.8bCA$1.1b9.7x43.5x1.1x
Mon, 05 May 2025CA$45.4bCA$44.5bCA$1.3b9.4x34.5x1x
Wed, 02 Apr 2025CA$42.6bCA$46.0bCA$1.3b11.6x33.3x0.9x
Fri, 28 Feb 2025CA$45.5bCA$46.3bCA$1.1b22.9x40.3x1x
Sun, 26 Jan 2025CA$46.6bCA$46.7bCA$1.2b24x39.6x1x
Tue, 24 Dec 2024CA$39.9bCA$46.8bCA$1.2b21.9x33.8x0.9x
Thu, 21 Nov 2024CA$39.6bCA$45.7bCA$1.1b22.7x35.5x0.9x
Sat, 19 Oct 2024CA$40.9bCA$45.4bCA$1.1b29.8x36.4x0.9x
Mon, 16 Sep 2024CA$38.7bCA$44.7bCA$1.1b29.3x35.4x0.9x
Wed, 14 Aug 2024CA$39.1bCA$45.0bCA$1.1b29.1x35.3x0.9x
Fri, 12 Jul 2024CA$41.0bCA$46.9bCA$1.2b23.3x33.9x0.9x
Sun, 09 Jun 2024CA$46.4bCA$47.3bCA$1.2b23.4x38x1x
Tue, 07 May 2024CA$44.8bCA$48.0bCA$1.8b21.2x24.8x0.9x
Thu, 04 Apr 2024CA$44.4bCA$47.5bCA$2.0b21.5x22.3x0.9x
Sat, 02 Mar 2024CA$42.6bCA$47.7bCA$2.2b17.1x19.7x0.9x
Mon, 29 Jan 2024CA$41.4bCA$50.0bCA$3.4b15x12.3x0.8x
Wed, 27 Dec 2023CA$45.2bCA$49.3bCA$3.3b14.6x13.6x0.9x
Fri, 24 Nov 2023CA$45.0bCA$50.9bCA$3.4b12.2x13.1x0.9x
Sun, 22 Oct 2023CA$47.5bCA$54.9bCA$5.5b7.9x8.7x0.9x
Tue, 19 Sep 2023CA$49.4bCA$54.1bCA$5.4b8.4x9.2x0.9x
Thu, 17 Aug 2023CA$48.6bCA$54.3bCA$5.4b10.2x9x0.9x
Price to Earnings Ratio

9x


Total Market Cap: CA$48.6bTotal Earnings: CA$5.4bTotal Revenue: CA$54.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 25.5x202420252026
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 16.6x which is lower than its 3-year average PE of 25.5x.
  • 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 13% per year over the last three years,
  • Revenues have also declined 3.0% 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 Market2.38%
Materials15.98%
Chemicals-4.34%
Industrial Gases12.54%
Specialty Chemicals11.61%
Commodity Chemicals-3.40%
Fertilizers and Agricultural Chemicals-6.88%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 50.5x.
    • Analysts are expecting annual earnings growth of 39.2%, which is lower than the prior year's growth of 96.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 39% over the next 5 years.
  • However this is lower than its past earnings growth rate of 96% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 3.1% 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
HG HydroGraph Clean PowerCA$6.7433.2%
+CA$589.7m		287.4%PS18686.8x
NEO Neo Performance MaterialsCA$41.9327.1%
+CA$410.7m		145.1%PS2.7x
MLP Millennial PotashCA$2.4211.0%
+CA$28.4m		41.5%PB6.1x
AIM AimiaCA$2.808.9%
+CA$20.3m		-9.7%PS0.5x
GRA NanoXploreCA$1.653.8%
+CA$10.9m		-43.3%PS2.6x

Latest News

BOS
CA$7.03
AirBoss of America
7D
-2.8%
1Y
36.0%
Analysis Article • Aug 09

AirBoss of America Corp. Just Beat EPS By 38%: Here's What Analysts Think Will Happen Next

AirBoss of America Corp. ( TSE:BOS ) just released its quarterly report and things are looking bullish. The company...
ECO
CA$2.30
EcoSynthetix
7D
-16.4%
1Y
-46.9%
NTR
CA$89.89
Nutrien
7D
-7.1%
1Y
15.8%
Narrative Update • Aug 06

NTR: Potash And Phosphate Stability Will Support Future Earnings Multiple

The analyst price target for Nutrien has been adjusted modestly lower to CA$110.93 from CA$113.81 as analysts factor in updated fertilizer price assumptions, a mix of cautious estimate revisions across the sector, and ongoing discussion around nitrogen, potash, and phosphate market conditions. Analyst Commentary Recent research on Nutrien shows a split view, with some bullish analysts leaning into fertilizer pricing and others more cautious on earnings sustainability, farmer demand, and longer term commodity assumptions.
CH
CA$0.14
Charbone
7D
17.4%
1Y
145.5%
VNP
CA$30.46
5N Plus
7D
-6.5%
1Y
101.5%
New Narrative • Aug 06

Capacity Strains And Cost Pressures Will Test Renewable Materials Expansion Yet Support Long-Term Upside

Catalysts About 5N Plus 5N Plus supplies advanced specialty semiconductors and performance materials for renewable energy, space power and other critical applications. What are the underlying business or industry changes driving this perspective?
MX
CA$74.20
Methanex
7D
-4.8%
1Y
66.0%
Analysis Article • Aug 04

There May Be Reason For Hope In Methanex's (TSE:MX) Disappointing Earnings

Shareholders appeared unconcerned with Methanex Corporation's ( TSE:MX ) lackluster earnings report last week. We think...
NEO
CA$41.93
Neo Performance Materials
7D
27.1%
1Y
145.1%
Narrative Update • Aug 04

NEO: Rising Street Confidence Will Support Higher Future Earnings Multiple

Analysts have raised the fair value estimate for Neo Performance Materials to CA$59.61 from CA$29.91, citing updated assumptions for revenue growth, profit margin and future P/E that are reflected in recent Street price target moves to CA$49 and CA$60. Analyst Commentary Bullish analysts covering Neo Performance Materials have been steadily lifting their price targets over a series of research updates.
NPK
CA$0.78
Verde AgriTech
7D
11.4%
1Y
64.2%
NANO
CA$0.78
Nano One Materials
7D
6.8%
1Y
-23.5%
FCLI
CA$0.38
Full Circle Lithium
7D
-6.2%
1Y
72.7%
CHE.UN
CA$16.33
Chemtrade Logistics Income Fund
7D
-0.2%
1Y
45.2%
HG
CA$6.74
HydroGraph Clean Power
7D
33.2%
1Y
287.4%
GRA
CA$1.65
NanoXplore
7D
3.8%
1Y
-43.3%
New Narrative • Jul 14

NanoXplore et le le Noir de Carbone

Le nouveau partenariat NanoXplore-Techmer (game changer) permettra de développer de nouveaux marchés tel que le noir de carbone, le graphène black combiné au mélange maître xGnP D500 pourrait être la formule idéale pour les entreprises de pneumatiques, les nouvelles règles environnementales en place depuis janvier 2026 pour réduire le CO2 des produits a base du noir de carbone ainsi que l’obligation d’en recycler une partie ouvre une opportunité exceptionnelle pour les deux entreprises. Le graphène plus techperse ont des qualités uniques qui s’imposent pour permettre aux entreprises de pneumatiques de s’y confirmer,considérant la possibilité d’avoir a l’usine des modules de production des mélanges maîtres sur place une option avantageuse a tout point de vue.
MLP
CA$2.42
Millennial Potash
7D
11.0%
1Y
41.5%
AUUA
CA$3.50
Aluula Composites
7D
-5.1%
1Y
201.7%
AIM
CA$2.80
Aimia
7D
8.9%
1Y
-9.7%