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Canadian (TSX) Communications Industry Analysis
UpdatedOct 14, 2024
DataAggregated Company Financials
Companies8
- 7D3.0%
- 3M1.6%
- 1Y17.4%
- YTD7.6%
Over the last 7 days, the Communications industry has risen 3.0%, driven by gains from Evertz Technologies of 3.1%. Meanwhile, Enablence Technologies actually underperformed within the industry, shrinking 9.0% in the last week. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 47% per annum.
Industry Valuation and Performance
Has the Canadian Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 15 Oct 2024 | CA$2.1b | CA$1.5b | CA$50.4m | 25.2x | 42.2x | 1.4x |
| Thu, 12 Sep 2024 | CA$2.3b | CA$1.5b | CA$22.7m | 22.3x | 100.3x | 1.5x |
| Sat, 10 Aug 2024 | CA$2.1b | CA$1.5b | CA$11.3m | 22.1x | 187x | 1.4x |
| Mon, 08 Jul 2024 | CA$2.1b | CA$1.5b | CA$11.8m | 22.6x | 178.2x | 1.4x |
| Wed, 05 Jun 2024 | CA$2.3b | CA$1.5b | CA$13.8m | 23.4x | 165.8x | 1.5x |
| Fri, 03 May 2024 | CA$2.1b | CA$1.5b | CA$7.2m | 22.8x | 296x | 1.4x |
| Sun, 31 Mar 2024 | CA$2.3b | CA$1.5b | CA$7.2m | 32.5x | 312.9x | 1.5x |
| Tue, 27 Feb 2024 | CA$2.2b | CA$1.6b | CA$49.8m | 21.7x | 43.3x | 1.4x |
| Thu, 25 Jan 2024 | CA$3.7b | CA$2.5b | CA$9.0m | 22.2x | 412x | 1.5x |
| Sat, 23 Dec 2023 | CA$3.7b | CA$2.5b | CA$6.2m | 23.3x | 600.3x | 1.5x |
| Mon, 20 Nov 2023 | CA$3.5b | CA$2.5b | CA$2.7m | 21.6x | 1314x | 1.4x |
| Wed, 18 Oct 2023 | CA$3.5b | CA$2.5b | CA$9.0m | 24x | 389.8x | 1.4x |
| Fri, 15 Sep 2023 | CA$3.5b | CA$2.5b | -CA$94,507,114.00 | 24.3x | -37.4x | 1.4x |
| Sun, 13 Aug 2023 | CA$3.6b | CA$2.5b | -CA$108,908,795.00 | 20.3x | -33.2x | 1.4x |
| Tue, 11 Jul 2023 | CA$3.6b | CA$2.4b | -CA$183,875,215.00 | 20.3x | -19.8x | 1.5x |
| Thu, 08 Jun 2023 | CA$3.6b | CA$2.3b | -CA$183,759,754.00 | 16.1x | -19.5x | 1.5x |
| Sat, 06 May 2023 | CA$3.6b | CA$2.4b | -CA$122,330,475.00 | 22.8x | -29.2x | 1.5x |
| Mon, 03 Apr 2023 | CA$3.6b | CA$2.4b | -CA$122,610,686.00 | 23.1x | -29.2x | 1.5x |
| Wed, 01 Mar 2023 | CA$3.6b | CA$2.4b | -CA$103,278,869.00 | 16.8x | -35.3x | 1.5x |
| Fri, 27 Jan 2023 | CA$3.6b | CA$2.4b | -CA$106,137,019.00 | 16x | -33.6x | 1.5x |
| Sun, 25 Dec 2022 | CA$3.4b | CA$2.4b | -CA$108,493,639.00 | 13.3x | -31.7x | 1.4x |
| Tue, 22 Nov 2022 | CA$3.3b | CA$2.4b | -CA$109,408,124.00 | 13x | -30.1x | 1.4x |
| Thu, 20 Oct 2022 | CA$3.4b | CA$2.2b | -CA$152,775,956.00 | 11.9x | -22.2x | 1.5x |
| Sat, 17 Sep 2022 | CA$3.7b | CA$2.1b | -CA$15,913,993.00 | 15x | -235.4x | 1.7x |
| Mon, 15 Aug 2022 | CA$3.8b | CA$2.1b | -CA$4,103,675.00 | 37.3x | -926.5x | 1.8x |
| Wed, 13 Jul 2022 | CA$3.3b | CA$2.0b | -CA$15,213,899.00 | 35.2x | -220.2x | 1.7x |
| Fri, 10 Jun 2022 | CA$3.3b | CA$2.0b | -CA$19,348,699.00 | 34.2x | -168.7x | 1.7x |
| Sun, 08 May 2022 | CA$3.1b | CA$1.7b | -CA$97,766,736.00 | 56.3x | -31.2x | 1.8x |
| Tue, 05 Apr 2022 | CA$3.3b | CA$1.7b | -CA$93,556,473.00 | 57.3x | -35.7x | 2x |
| Thu, 03 Mar 2022 | CA$3.3b | CA$1.6b | -CA$127,253,908.00 | 40x | -26.1x | 2.1x |
| Sat, 29 Jan 2022 | CA$3.1b | CA$1.6b | -CA$141,204,145.00 | 19.1x | -22x | 2x |
| Mon, 27 Dec 2021 | CA$3.3b | CA$1.6b | -CA$136,013,257.00 | 19.3x | -24.3x | 2.1x |
| Wed, 24 Nov 2021 | CA$3.4b | CA$1.5b | -CA$131,228,483.00 | 18.2x | -26.2x | 2.2x |
| Fri, 22 Oct 2021 | CA$4.0b | CA$1.9b | -CA$77,686,205.00 | 72.7x | -51.3x | 2.1x |
Price to Earnings Ratio
-51.3x
Current Industry PE
- Investors are pessimistic on the Canadian Communications 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 42.2x which is lower than its 3-year average PE of 58.4x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- Total earnings for the Communications industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 8.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Canadian Tech industry?
| CA Market | 1.25% | |
| Tech | 2.24% | |
| Communications | 3.01% | |
| Communications Equipment | 3.01% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ET Evertz Technologies | CA$12.19 | 3.3% +CA$29.2m | -0.08% | PE14.4x | |
| VCM Vecima Networks | CA$21.00 | 4.2% +CA$20.4m | 20.3% | PE26.3x | |
| STC Sangoma Technologies | CA$8.12 | 2.1% +CA$5.7m | 92.0% | PS0.8x | |
| HAI Haivision Systems | CA$4.66 | 2.9% +CA$3.7m | 36.3% | PE25.7x | |
| CMI C-Com Satellite Systems | CA$1.37 | 6.2% +CA$3.4m | 23.4% | PE25.2x |