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Canadian (TSX) Packaging Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies6
  • 7D0.8%
  • 3M-8.0%
  • 1Y21.9%
  • YTD-7.0%

The Packaging industry has been flat over the last week, but Cascades has lost 5.4%. The past year has been better, since the industry has gained 22% in that time. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026CA$19.9bCA$17.2bCA$1.2b15.5x16.1x1.2x
Mon, 09 Mar 2026CA$21.3bCA$17.1bCA$1.2b14.8x17.1x1.2x
Wed, 04 Feb 2026CA$20.8bCA$17.2bCA$1.2b16.6x17.2x1.2x
Fri, 02 Jan 2026CA$21.3bCA$17.2bCA$1.2b17.1x17.7x1.2x
Sun, 30 Nov 2025CA$20.9bCA$17.3bCA$1.2b16.3x17.1x1.2x
Tue, 28 Oct 2025CA$20.0bCA$17.1bCA$1.2b14.8x17x1.2x
Thu, 25 Sep 2025CA$19.4bCA$17.1bCA$1.2b15.3x16.5x1.1x
Sat, 23 Aug 2025CA$20.1bCA$17.1bCA$1.2b13.4x16.9x1.2x
Mon, 21 Jul 2025CA$19.8bCA$17.0bCA$1.3b11.4x15.6x1.2x
Wed, 18 Jun 2025CA$19.6bCA$17.0bCA$1.3b11.7x15.4x1.2x
Fri, 16 May 2025CA$19.0bCA$17.0bCA$1.3b10.6x15.1x1.1x
Sun, 13 Apr 2025CA$17.2bCA$16.8bCA$1.2b10x14.1x1x
Tue, 11 Mar 2025CA$18.5bCA$16.9bCA$1.2b11.4x15.5x1.1x
Thu, 06 Feb 2025CA$18.5bCA$16.7bCA$1.0b12.6x18.5x1.1x
Sat, 04 Jan 2025CA$19.2bCA$16.7bCA$1.0b12.9x19.2x1.2x
Mon, 02 Dec 2024CA$20.0bCA$16.7bCA$989.9m13.2x20.2x1.2x
Wed, 30 Oct 2024CA$21.1bCA$16.5bCA$994.5m15.2x21.2x1.3x
Fri, 27 Sep 2024CA$20.4bCA$16.4bCA$981.0m15x20.8x1.2x
Sun, 25 Aug 2024CA$19.5bCA$16.4bCA$955.9m15.3x20.4x1.2x
Tue, 23 Jul 2024CA$18.6bCA$16.2bCA$857.5m14.5x21.7x1.1x
Thu, 20 Jun 2024CA$18.0bCA$16.2bCA$856.9m13.9x21x1.1x
Sat, 18 May 2024CA$18.4bCA$16.3bCA$860.8m14.8x21.3x1.1x
Mon, 15 Apr 2024CA$17.5bCA$16.3bCA$790.4m12.7x22.1x1.1x
Wed, 13 Mar 2024CA$18.4bCA$16.3bCA$773.3m14.4x23.8x1.1x
Fri, 09 Feb 2024CA$16.0bCA$16.2bCA$903.0m13.7x17.7x1x
Sun, 07 Jan 2024CA$18.3bCA$18.3bCA$892.7m13.9x20.5x1x
Tue, 05 Dec 2023CA$17.9bCA$18.3bCA$913.9m13x19.6x1x
Thu, 02 Nov 2023CA$17.0bCA$18.3bCA$884.0m11.4x19.2x0.9x
Sat, 30 Sep 2023CA$17.8bCA$18.3bCA$874.1m10.4x20.4x1x
Mon, 28 Aug 2023CA$18.4bCA$18.4bCA$890.8m9.4x20.7x1x
Wed, 26 Jul 2023CA$19.4bCA$18.3bCA$872.4m9.7x22.2x1.1x
Fri, 23 Jun 2023CA$19.0bCA$18.3bCA$872.1m10.4x21.8x1x
Sun, 21 May 2023CA$21.0bCA$18.3bCA$884.2m10.6x23.7x1.1x
Tue, 18 Apr 2023CA$19.6bCA$18.0bCA$923.0m10.1x21.3x1.1x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$19.6bTotal Earnings: CA$923.0mTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Packaging 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 16.1x which is lower than its 3-year average PE of 19.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Materials industry?

CA Market1.31%
Materials2.35%
Packaging0.84%
Metal and Glass Containers1.01%
Paper Packaging-1.97%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 30.2% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Metal and Glass Containers industry, which is trading close to its 3-year average of 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 30% over the next 5 years.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 5.3% 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
CCL.B CCL IndustriesCA$89.151.8%
+CA$270.3m		31.6%PE19.2x
TCL.A TranscontinentalCA$6.077.2%
+CA$34.3m		-64.9%PE3.1x
NEXE NEXE InnovationsCA$0.1519.2%
+CA$2.4m		-26.2%PS27.3x

Latest News

CAS
CA$10.69
Cascades
7D
-5.4%
1Y
13.6%
TCL.A
CA$6.07
Transcontinental
7D
7.2%
1Y
-64.9%

TCL.A: Special Dividend Will Support Higher Future Returns Despite Lower P E Expectations

Analysts have cut their 12 month price target for Transcontinental from about CA$27.50 to roughly CA$7.85. They point to higher required returns, a lower assumed future P/E multiple and only modest improvements in profitability as key drivers of the reset.
CCL.B
CA$89.15
CCL Industries
7D
1.8%
1Y
31.6%

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Future Upside Potential

CCL Industries' analyst price target edges higher to CA$101.10 from CA$100.90, reflecting modest tweaks to growth and margin assumptions, alongside recent Street target moves to a range of CA$98 to CA$102. Analyst Commentary Street research on CCL Industries points to a slightly more supportive stance on valuation, with several firms adjusting their targets into a tighter CA$98 to CA$102 range while maintaining broadly constructive ratings.
WPK
CA$44.70
Winpak
7D
-0.5%
1Y
11.4%
RIC
CA$27.56
Richards Group
7D
-2.2%
1Y
2.1%
NEXE
CA$0.15
NEXE Innovations
7D
19.2%
1Y
-26.2%