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Canadian (TSX) Steel Industry Analysis

UpdatedJun 07, 2023
DataAggregated Company Financials
Companies15
  • 7D0.3%
  • 3M-17.7%
  • 1Y-5.7%
  • YTD-3.4%

Last week, the Steel industry hasn't moved much but Labrador Iron Ore Royalty is up 3.1% in that time. Unfortunately though, the industry is down 7.1% over the past 12 months. Looking forward, earnings are forecast to decline by 36% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023CA$5.0bCA$4.3bCA$952.3m4.8x5.3x1.2x
Fri, 05 May 2023CA$4.9bCA$4.5bCA$1.2b4.9x3.9x1.1x
Sun, 02 Apr 2023CA$5.6bCA$4.5bCA$1.3b5.2x4.4x1.2x
Tue, 28 Feb 2023CA$5.8bCA$4.6bCA$1.4b6.2x4.2x1.3x
Thu, 26 Jan 2023CA$5.9bCA$5.1bCA$1.9b6x3.2x1.2x
Sat, 24 Dec 2022CA$5.2bCA$5.1bCA$1.9b5.8x2.8x1x
Mon, 21 Nov 2022CA$5.0bCA$5.1bCA$1.9b3.7x2.7x1x
Wed, 19 Oct 2022CA$4.6bCA$5.6bCA$2.3b3.7x2x0.8x
Fri, 16 Sep 2022CA$4.7bCA$5.6bCA$2.3b3.5x2x0.8x
Sun, 14 Aug 2022CA$5.1bCA$5.6bCA$2.3b3.2x2.2x0.9x
Tue, 12 Jul 2022CA$4.7bCA$5.5bCA$2.2b4.3x2.1x0.9x
Thu, 09 Jun 2022CA$6.0bCA$5.4bCA$2.2b5.9x2.7x1.1x
Sat, 07 May 2022CA$6.2bCA$5.4bCA$2.2b4.6x2.8x1.1x
Mon, 04 Apr 2022CA$7.3bCA$5.2bCA$2.1b5.3x3.5x1.4x
Wed, 02 Mar 2022CA$6.8bCA$5.1bCA$2.0b4.4x3.5x1.3x
Fri, 28 Jan 2022CA$6.0bCA$4.4bCA$1.4b4.1x4.3x1.4x
Sun, 26 Dec 2021CA$6.5bCA$4.4bCA$1.4b4.4x4.6x1.5x
Tue, 23 Nov 2021CA$6.8bCA$4.3bCA$1.4b4.5x4.8x1.6x
Thu, 21 Oct 2021CA$6.7bCA$3.1bCA$647.7m6.2x10.3x2.1x
Sat, 18 Sep 2021CA$6.7bCA$3.1bCA$646.4m6.3x10.3x2.2x
Mon, 16 Aug 2021CA$7.4bCA$3.1bCA$642.0m6.6x11.6x2.4x
Mon, 31 May 2021CA$6.5bCA$2.5bCA$162.5m5.2x39.7x2.6x
Thu, 04 Mar 2021CA$5.0bCA$2.3b-CA$26,143,053.999.2x-191.5x2.2x
Sun, 06 Dec 2020CA$3.5bCA$2.4b-CA$13,996,463.728.5x-253x1.5x
Wed, 09 Sep 2020CA$2.9bCA$2.6bCA$68.3m8.9x42.3x1.1x
Price to Earnings Ratio

38.4x


Total Market Cap: CA$2.5bTotal Earnings: CA$66.3mTotal Revenue: CA$2.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average -22.5x202120222023
Current Industry PE
  • Investors are pessimistic on the Canadian Steel 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 5.2x which is higher than its 3-year average PE of -22.5x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have grown 143% per year over the last three years.
  • Revenues for these companies have grown 18% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Canadian Steel compare with similar industries?

CA Market1.37%
Materials2.85%
Metals and Mining2.76%
Steel0.29%
Aluminum8.93%
Diversified Metals and Mining4.45%
Silver3.72%
Gold2.30%
Copper1.39%
Precious Metals and Minerals0.86%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LIF Labrador Iron Ore RoyaltyCA$31.703.4%
+CA$66.6m		-9.9%PE8.3x
CSO Corsa CoalCA$0.3411.7%
+CA$3.6m		-9.5%PS0.1x
DRX ADF GroupCA$3.003.8%
+CA$3.6m		75.4%PE6.6x
BKI Black IronCA$0.0814.3%
+CA$3.1m		-5.9%PB24.1x
TSL Tree Island SteelCA$3.412.4%
+CA$2.3m		-23.2%PE3.7x
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Latest News

DRX

CA$3.00

ADF Group

7D

3.8%

1Y

75.4%

HTRC

CA$0.14

High Tide Resources

7D

-3.6%

1Y

3.8%

MOX

CA$0.50

Morien Resources

7D

-2.0%

1Y

66.7%

STLC

CA$42.59

Stelco Holdings

7D

-2.5%

1Y

-0.2%

Calculating The Intrinsic Value Of Stelco Holdings Inc. (TSE:STLC)

May 20
Calculating The Intrinsic Value Of Stelco Holdings Inc. (TSE:STLC)

BKI

CA$0.08

Black Iron

7D

14.3%

1Y

-5.9%

Here's Why We're Not Too Worried About Black Iron's (TSE:BKI) Cash Burn Situation

May 12
Here's Why We're Not Too Worried About Black Iron's (TSE:BKI) Cash Burn Situation

LIF

CA$31.70

Labrador Iron Ore Royalty

7D

3.4%

1Y

-9.9%

TSL

CA$3.41

Tree Island Steel

7D

2.4%

1Y

-23.2%

Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital

May 10
Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital

CSO

CA$0.34

Corsa Coal

7D

11.7%

1Y

-9.5%

CAD

CA$1.58

Colonial Coal International

7D

-0.6%

1Y

-9.7%

We're Hopeful That Colonial Coal International (CVE:CAD) Will Use Its Cash Wisely

Apr 19
We're Hopeful That Colonial Coal International (CVE:CAD) Will Use Its Cash Wisely

EMM

CA$0.14

Giyani Metals

7D

-3.4%

1Y

-63.6%

Here's Why We're Watching Giyani Metals' (CVE:EMM) Cash Burn Situation

Apr 13
Here's Why We're Watching Giyani Metals' (CVE:EMM) Cash Burn Situation

CAF

CA$0.13

Canaf Investments

7D

8.3%

1Y

18.2%

CFE

CA$0.41

Cartier Silver

7D

-1.2%

1Y

15.7%