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Canadian (TSX) Steel Industry Analysis

UpdatedApr 22, 2025
DataAggregated Company Financials
Companies11
  • 7D-1.0%
  • 3M-15.7%
  • 1Y-19.0%
  • YTDn/a

The Steel is pretty flat in the last 7 days, but ADF Group has stood out, gaining 8.1%. As for the longer term, the industry has declined 19% in the last year. In the next few years, earnings are forecast to decline by 1.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 23 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.1x2.9x
Fri, 21 Mar 2025CA$2.6bCA$1.0bCA$163.6m6.6x16.1x2.5x
Sun, 16 Feb 2025CA$2.7bCA$1.0bCA$185.3m6.4x14.8x2.6x
Tue, 14 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.9x14.7x2.6x
Thu, 12 Dec 2024CA$2.8bCA$1.0bCA$170.9m5.8x16.3x2.7x
Sat, 09 Nov 2024CA$2.9bCA$1.1bCA$221.8m6.3x13.1x2.8x
Mon, 07 Oct 2024CA$6.7bCA$3.9bCA$415.1m7.9x16.1x1.7x
Wed, 04 Sep 2024CA$6.6bCA$3.9bCA$409.5m8.5x16.2x1.7x
Fri, 02 Aug 2024CA$6.8bCA$4.1bCA$481.3m9.1x14.2x1.7x
Sun, 30 Jun 2024CA$5.0bCA$4.1bCA$481.0m9.6x10.4x1.2x
Tue, 28 May 2024CA$5.5bCA$4.1bCA$473.3m10.1x11.7x1.4x
Thu, 25 Apr 2024CA$5.2bCA$4.0bCA$387.9m10.8x13.5x1.3x
Sat, 23 Mar 2024CA$5.2bCA$4.0bCA$379.7m9.6x13.7x1.3x
Mon, 19 Feb 2024CA$5.1bCA$4.0bCA$407.0m10.3x12.6x1.3x
Wed, 17 Jan 2024CA$5.5bCA$4.0bCA$407.1m9.4x13.6x1.4x
Fri, 15 Dec 2023CA$5.4bCA$4.0bCA$406.9m8.2x13.3x1.3x
Sun, 12 Nov 2023CA$5.0bCA$4.0bCA$403.9m8.6x12.3x1.2x
Tue, 10 Oct 2023CA$4.8bCA$4.1bCA$495.2m7.1x9.6x1.2x
Thu, 07 Sep 2023CA$4.9bCA$4.1bCA$490.2m7.5x10x1.2x
Sat, 05 Aug 2023CA$5.0bCA$4.3bCA$907.5m5.9x5.6x1.2x
Mon, 03 Jul 2023CA$5.0bCA$4.3bCA$955.8m3.8x5.3x1.2x
Wed, 31 May 2023CA$5.0bCA$4.3bCA$953.8m4.3x5.2x1.2x
Fri, 28 Apr 2023CA$5.2bCA$4.5bCA$1.2b5.2x4.2x1.2x
Sun, 26 Mar 2023CA$5.5bCA$4.5bCA$1.3b5.1x4.3x1.2x
Tue, 21 Feb 2023CA$5.8bCA$5.1bCA$1.9b6.2x3.1x1.1x
Thu, 19 Jan 2023CA$5.7bCA$5.1bCA$1.9b6x3.1x1.1x
Sat, 17 Dec 2022CA$5.2bCA$5.1bCA$1.9b5.9x2.8x1x
Mon, 14 Nov 2022CA$5.0bCA$5.6bCA$2.3b3.7x2.1x0.9x
Wed, 12 Oct 2022CA$4.5bCA$5.6bCA$2.3b3.9x1.9x0.8x
Fri, 09 Sep 2022CA$4.9bCA$5.6bCA$2.3b4.2x2.1x0.9x
Sun, 07 Aug 2022CA$5.0bCA$5.5bCA$2.2b3.5x2.3x0.9x
Tue, 05 Jul 2022CA$4.9bCA$5.5bCA$2.2b4.9x2.2x0.9x
Thu, 02 Jun 2022CA$5.8bCA$5.5bCA$2.2b5.5x2.7x1.1x
Sat, 30 Apr 2022CA$6.4bCA$5.2bCA$2.1b4.8x3.1x1.2x
Price to Earnings Ratio

3.1x


Total Market Cap: CA$6.4bTotal Earnings: CA$2.1bTotal Revenue: CA$5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 8.9x202320242025
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 11.1x which is higher than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 53% per year over the last three years,
  • Revenues have also declined 46% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Steel compare with similar industries?

CA Market0.68%
Materials1.36%
Metals and Mining1.57%
Steel-0.96%
Gold2.86%
Precious Metals and Minerals0.71%
Aluminum0%0
Diversified Metals and Mining-1.09%
Copper-1.21%
Silver-1.82%
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
DRX ADF GroupCA$6.1714.5%
+CA$22.4m		-58.7%PE3.1x
MOX Morien ResourcesCA$0.289.6%
+CA$1.3m		-19.7%PS177.5x
CAD Colonial Coal InternationalCA$1.350.4%
+CA$908.5k		-36.3%PB11.6x
CAF Canaf InvestmentsCA$0.321.6%
+CA$237.1k		37.0%PE6.2x
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Latest News

DRX

CA$6.17

ADF Group

7D

14.5%

1Y

-58.7%

CAD

CA$1.35

Colonial Coal International

7D

0.4%

1Y

-36.3%

BKI

CA$0.085

Black Iron

7D

-10.5%

1Y

70.0%

CAF

CA$0.32

Canaf Investments

7D

1.6%

1Y

37.0%

LIF

CA$27.85

Labrador Iron Ore Royalty

7D

-0.3%

1Y

-6.8%

MOX

CA$0.28

Morien Resources

7D

9.6%

1Y

-19.7%

HTRC

CA$0.04

High Tide Resources

7D

-20.0%

1Y

-20.0%

FEO

CA$0.17

Oceanic Iron Ore

7D

-2.8%

1Y

191.7%