Header cover image

Canadian (TSX) Steel Industry Analysis

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies15
  • 7D-3.0%
  • 3M-8.2%
  • 1Y-8.6%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.0%, driven by Labrador Iron Ore Royalty declining 4.7%. On the other hand High Tide Resources is actually up 100%. Overall the industry is down 8.6% in 12 months. Earnings are forecast to grow by 2.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024CA$5.1bCA$4.0bCA$379.5m9.8x13.4x1.3x
Tue, 13 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.9x12.4x1.2x
Thu, 11 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.4x13.5x1.4x
Sat, 09 Dec 2023CA$5.1bCA$4.0bCA$407.2m7.7x12.5x1.3x
Mon, 06 Nov 2023CA$4.8bCA$4.1bCA$499.9m6.4x9.5x1.2x
Wed, 04 Oct 2023CA$4.8bCA$4.1bCA$495.2m7x9.6x1.2x
Fri, 01 Sep 2023CA$4.9bCA$4.1bCA$489.9m7.4x10x1.2x
Sun, 30 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Tue, 27 Jun 2023CA$5.0bCA$4.3bCA$955.9m4.9x5.2x1.2x
Thu, 25 May 2023CA$4.9bCA$4.3bCA$953.5m4.5x5.1x1.1x
Sat, 22 Apr 2023CA$5.3bCA$4.5bCA$1.2b5.3x4.3x1.2x
Mon, 20 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Wed, 15 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.6x3.1x1.1x
Fri, 13 Jan 2023CA$5.8bCA$5.1bCA$1.9b6x3.1x1.1x
Sun, 11 Dec 2022CA$5.3bCA$5.1bCA$1.9b5.9x2.9x1x
Tue, 08 Nov 2022CA$4.6bCA$5.6bCA$2.3b3.6x2x0.8x
Thu, 06 Oct 2022CA$4.7bCA$5.6bCA$2.3b3.8x2x0.8x
Sat, 03 Sep 2022CA$4.8bCA$5.6bCA$2.3b4x2x0.8x
Mon, 01 Aug 2022CA$5.0bCA$5.5bCA$2.2b4.5x2.3x0.9x
Wed, 29 Jun 2022CA$5.2bCA$5.5bCA$2.2b5.1x2.4x1x
Fri, 27 May 2022CA$5.6bCA$5.5bCA$2.2b4.5x2.5x1x
Sun, 24 Apr 2022CA$6.6bCA$5.2bCA$2.1b5.7x3.2x1.3x
Tue, 22 Mar 2022CA$7.3bCA$5.2bCA$2.1b5.3x3.5x1.4x
Thu, 17 Feb 2022CA$6.3bCA$4.4bCA$1.4b4.6x4.5x1.5x
Sat, 15 Jan 2022CA$6.2bCA$4.3bCA$1.4b4.3x4.4x1.4x
Mon, 13 Dec 2021CA$6.3bCA$4.4bCA$1.4b4.4x4.5x1.5x
Wed, 10 Nov 2021CA$6.5bCA$3.1bCA$698.8m5.5x9.2x2.1x
Fri, 08 Oct 2021CA$6.2bCA$3.1bCA$647.1m6.1x9.6x2x
Sun, 05 Sep 2021CA$7.3bCA$3.1bCA$642.0m6.5x11.3x2.3x
Tue, 03 Aug 2021CA$7.4bCA$3.1bCA$642.0m6.5x11.5x2.4x
Fri, 07 May 2021CA$6.1bCA$2.5bCA$162.5m4.9x37.5x2.4x
Price to Earnings Ratio

34.8x


Total Market Cap: CA$5.5bTotal Earnings: CA$158.0mTotal Revenue: CA$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 8.9x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Steel industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.4x which is higher than its 3-year average PE of 8.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have grown 34% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market0.45%
Materials3.05%
Metals and Mining3.67%
Steel-2.96%
Copper12.80%
Precious Metals and Minerals8.27%
Diversified Metals and Mining7.11%
Silver6.50%
Gold0.54%
Aluminum0%
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
HTRC High Tide ResourcesCA$0.08100.0%
+CA$3.1m
-51.5%PE-6.3x
MOX Morien ResourcesCA$0.4714.6%
+CA$3.1m
-19.0%PS25.1x
CAD Colonial Coal InternationalCA$2.440.4%
+CA$2.1m
67.1%PB23.1x
EMM Giyani MetalsCA$0.114.8%
+CA$1.4m
-45.0%PB1.3x
CNT Century Global CommoditiesCA$0.0525.0%
+CA$1.2m
-37.5%PS0.5x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MOX

CA$0.47

Morien Resources

7D

14.6%

1Y

-19.0%

LIF

CA$29.20

Labrador Iron Ore Royalty

7D

-4.7%

1Y

-7.1%

TSL

CA$3.31

Tree Island Steel

7D

-6.8%

1Y

6.8%

DRX

CA$8.58

ADF Group

7D

-15.6%

1Y

308.6%

CFE

CA$0.29

Cartier Silver

7D

-6.3%

1Y

-53.2%

EMM

CA$0.11

Giyani Metals

7D

4.8%

1Y

-45.0%

NIKL.H

CA$0.06

GK Resources

7D

50.0%

1Y

-47.8%

CAD

CA$2.44

Colonial Coal International

7D

0.4%

1Y

67.1%

FEO

CA$0.07

Oceanic Iron Ore

7D

16.7%

1Y

-26.3%

HTRC

CA$0.08

High Tide Resources

7D

100.0%

1Y

-51.5%