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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies10
  • 7D4.4%
  • 3M3.0%
  • 1Y-14.6%
  • YTDn/a

In the last week, the Communications Equipment industry is up 4.4%, with Vecima Networks leading the way, up 13%. During this same period, the C-Com Satellite Systems underperformed, falling 10.0%. In contrast, the industry has lost 15% in the last 12 months. Looking forward, earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

Has the Canadian Communications Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025CA$1.8bCA$1.5bCA$24.6m16.2x73.8x1.2x
Sat, 16 Aug 2025CA$1.7bCA$1.5bCA$23.3m16.2x74.7x1.2x
Mon, 14 Jul 2025CA$1.8bCA$1.5bCA$29.1m19.4x61.8x1.2x
Wed, 11 Jun 2025CA$1.8bCA$1.5bCA$33.3m37.6x53.5x1.2x
Fri, 09 May 2025CA$1.7bCA$1.5bCA$43.4m23.1x39.7x1.1x
Sun, 06 Apr 2025CA$1.5bCA$1.5bCA$44.1m21.4x34.1x1x
Tue, 04 Mar 2025CA$1.8bCA$1.5bCA$29.0m25.1x62.4x1.2x
Thu, 30 Jan 2025CA$2.1bCA$1.5bCA$38.7m17.2x54.4x1.4x
Sat, 28 Dec 2024CA$2.1bCA$1.5bCA$39.2m18.4x53.3x1.4x
Mon, 25 Nov 2024CA$2.1bCA$1.5bCA$46.8m21.1x43.9x1.3x
Wed, 23 Oct 2024CA$2.1bCA$1.5bCA$49.8m24.6x42x1.4x
Fri, 20 Sep 2024CA$2.1bCA$1.5bCA$18.1m22.1x116.7x1.4x
Sun, 18 Aug 2024CA$2.1bCA$1.5bCA$21.9m21.9x97.5x1.4x
Tue, 16 Jul 2024CA$2.1bCA$1.5bCA$11.6m22.1x185.1x1.4x
Thu, 13 Jun 2024CA$2.3bCA$1.5bCA$13.5m22.3x170.9x1.5x
Sat, 11 May 2024CA$2.1bCA$1.5bCA$6.4m22.8x334.3x1.4x
Mon, 08 Apr 2024CA$2.3bCA$1.5bCA$7.1m30.8x320.7x1.5x
Wed, 06 Mar 2024CA$2.2bCA$1.6bCA$49.5m19.7x44.3x1.4x
Fri, 02 Feb 2024CA$3.7bCA$2.5bCA$9.4m21x395.4x1.5x
Sun, 31 Dec 2023CA$3.7bCA$2.5bCA$6.2m21.7x590.7x1.4x
Tue, 28 Nov 2023CA$3.5bCA$2.5bCA$3.0m22x1194.4x1.4x
Thu, 26 Oct 2023CA$3.5bCA$2.5bCA$8.2m18.2x427.1x1.4x
Sat, 23 Sep 2023CA$3.5bCA$2.5b-CA$92,511,161.0024.1x-38.2x1.4x
Mon, 21 Aug 2023CA$3.6bCA$2.5b-CA$109,974,663.0021.8x-32.8x1.4x
Wed, 19 Jul 2023CA$3.7bCA$2.4b-CA$182,722,638.0020x-20.2x1.6x
Fri, 16 Jun 2023CA$3.6bCA$2.3b-CA$182,709,941.0016.9x-19.5x1.5x
Sun, 14 May 2023CA$3.6bCA$2.3b-CA$185,769,644.0017.1x-19.3x1.5x
Tue, 11 Apr 2023CA$3.6bCA$2.4b-CA$122,505,597.0022.7x-29.1x1.5x
Thu, 09 Mar 2023CA$3.7bCA$2.4b-CA$113,947,231.0016.8x-32.3x1.5x
Sat, 04 Feb 2023CA$3.7bCA$2.4b-CA$106,965,988.0017x-34.7x1.6x
Mon, 02 Jan 2023CA$3.5bCA$2.4b-CA$107,738,397.0013.6x-32.5x1.5x
Wed, 30 Nov 2022CA$3.4bCA$2.4b-CA$111,747,805.0013.7x-30.7x1.4x
Fri, 28 Oct 2022CA$3.5bCA$2.2b-CA$148,232,399.0012.8x-23.3x1.6x
Sun, 25 Sep 2022CA$3.6bCA$2.2b-CA$15,789,052.0013.8x-227.7x1.6x
Price to Earnings Ratio

-227.7x


Total Market Cap: CA$3.6bTotal Earnings: -CA$15,789,052.00Total Revenue: CA$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 119.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Communications Equipment 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 73.8x which is lower than its 3-year average PE of 119x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • Total earnings for the Communications Equipment industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 12% 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 Comparison

How does Canadian Communications Equipment compare with similar industries?

CA Market0.29%
Tech-1.89%
Communications4.41%
Communications Equipment4.41%
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
VCM Vecima NetworksCA$10.8912.5%
+CA$29.4m		-50.9%PE71.6x
STC Sangoma TechnologiesCA$8.4910.3%
+CA$26.5m		0.8%PS0.9x
CTTT Critical Infrastructure TechnologiesCA$0.3594.4%
+CA$17.6m		n/an/a
HAI Haivision SystemsCA$5.058.4%
+CA$10.7m		-7.8%PS1.1x
YTY Wi2WiCA$0.02525.0%
+CA$991.2k		-16.7%PS0.6x

Latest News

STC
CA$8.49
Sangoma Technologies
7D
10.3%
1Y
0.8%
ET
CA$12.25
Evertz Technologies
7D
0.08%
1Y
3.4%

Evertz Technologies (TSE:ET) Has Announced A Dividend Of CA$0.20

Sep 15
Evertz Technologies (TSE:ET) Has Announced A Dividend Of CA$0.20
HAI
CA$5.05
Haivision Systems
7D
8.4%
1Y
-7.8%

Transition To Manufacturing And Defense Tech Investments Will Drive Future Opportunities

Haivision Systems' consensus analyst price target was notably raised, driven by a near doubling of its future P/E multiple despite a substantial decline in net profit margin, resulting in a new fair value of CA$6.09. Valuation Changes Summary of Valuation Changes for Haivision Systems The Consensus Analyst Price Target has significantly risen from CA$4.96 to CA$6.09.
VCM
CA$10.89
Vecima Networks
7D
12.5%
1Y
-50.9%
CTTT
CA$0.35
Critical Infrastructure Technologies
7D
94.4%
1Y
n/a
YFI
CA$0.06
Edgewater Wireless Systems
7D
-14.3%
1Y
50.0%
NVI
CA$0.085
Novra Technologies
7D
6.3%
1Y
-29.2%
VTI
CA$0.035
Valdor Technology International
7D
-12.5%
1Y
n/a
YTY
CA$0.025
Wi2Wi
7D
25.0%
1Y
-16.7%
QTRH
CA$1.14
Quarterhill
7D
-2.6%
1Y
-26.0%

Resolving Tolling Challenges And Advancing European Software Will Transform Operations

Despite higher consensus revenue growth forecasts for Quarterhill, a rising future P/E ratio appears to have outweighed this improvement, leading to a reduction in the consensus analyst price target from CA$1.98 to CA$1.84. What's in the News Quarterhill secured new international contracts in Djibouti, Thailand, and South Korea, marking its first deployment in Djibouti with a World Bank-funded overweight enforcement system and additional follow-on orders in established Asian markets.
CMI
CA$0.90
C-Com Satellite Systems
7D
-10.0%
1Y
-25.0%
ENA
CA$1.21
Enablence Technologies
7D
-0.8%
1Y
-16.6%
TTZ
CA$0.18
Total Telcom
7D
-5.3%
1Y
-26.5%