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Canadian (TSX) Telecom Sector Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies39
  • 7D-0.4%
  • 3M-6.4%
  • 1Y-22.9%
  • YTD1.2%

The Telecom industry has stayed flat over the last week. As for the longer term, the industry has declined 23% in the last year. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the Canadian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025CA$100.5bCA$80.2bCA$3.7b10.1x27.4x1.3x
Sun, 19 Jan 2025CA$97.2bCA$79.9bCA$3.3b10x29.1x1.2x
Tue, 17 Dec 2024CA$102.3bCA$80.0bCA$3.3b10.5x30.7x1.3x
Thu, 14 Nov 2024CA$108.7bCA$80.2bCA$3.3b10.8x33.3x1.4x
Sat, 12 Oct 2024CA$117.0bCA$80.2bCA$4.4b11.3x26.5x1.5x
Mon, 09 Sep 2024CA$121.7bCA$80.2bCA$4.4b9.4x27.4x1.5x
Wed, 07 Aug 2024CA$119.1bCA$80.4bCA$4.5b7.9x26.5x1.5x
Fri, 05 Jul 2024CA$108.2bCA$81.8bCA$3.5b8.9x30.8x1.3x
Sun, 02 Jun 2024CA$117.2bCA$81.8bCA$3.6b9.5x32.6x1.4x
Tue, 30 Apr 2024CA$113.3bCA$82.3bCA$3.7b10x30.7x1.4x
Thu, 28 Mar 2024CA$117.4bCA$81.5bCA$3.9b11.1x29.7x1.4x
Sat, 24 Feb 2024CA$128.0bCA$81.4bCA$4.0b10.6x31.7x1.6x
Mon, 22 Jan 2024CA$155.6bCA$85.4bCA$5.0b12.8x31.3x1.8x
Wed, 20 Dec 2023CA$148.0bCA$85.4bCA$5.0b12x29.6x1.7x
Fri, 17 Nov 2023CA$149.4bCA$85.8bCA$4.9b14x30.6x1.7x
Sun, 15 Oct 2023CA$142.3bCA$84.1bCA$5.8b10.4x24.5x1.7x
Tue, 12 Sep 2023CA$147.3bCA$84.1bCA$5.8b12.1x25.2x1.8x
Thu, 10 Aug 2023CA$150.7bCA$83.9bCA$6.4b11x23.7x1.8x
Sat, 08 Jul 2023CA$159.3bCA$81.8bCA$7.3b9.9x21.9x1.9x
Mon, 05 Jun 2023CA$158.5bCA$81.9bCA$7.8b9.6x20.3x1.9x
Wed, 03 May 2023CA$170.3bCA$81.0bCA$8.1b13.3x21x2.1x
Fri, 31 Mar 2023CA$162.0bCA$81.2bCA$8.1b12.5x20.1x2x
Sun, 26 Feb 2023CA$162.8bCA$81.2bCA$8.2b15.4x19.8x2x
Tue, 24 Jan 2023CA$164.5bCA$80.1bCA$8.7b14.6x19x2.1x
Thu, 22 Dec 2022CA$156.7bCA$80.1bCA$8.7b12.6x17.9x2x
Sat, 19 Nov 2022CA$162.6bCA$80.1bCA$8.8b9.4x18.6x2x
Mon, 17 Oct 2022CA$147.3bCA$79.1bCA$8.7b7.4x17x1.9x
Wed, 14 Sep 2022CA$161.7bCA$79.1bCA$8.7b8.5x18.6x2x
Fri, 12 Aug 2022CA$164.1bCA$78.3bCA$8.2b9.9x19.9x2.1x
Sun, 10 Jul 2022CA$164.0bCA$77.4bCA$8.1b11.1x20.2x2.1x
Tue, 07 Jun 2022CA$174.5bCA$77.4bCA$8.2b11.5x21.2x2.3x
Thu, 05 May 2022CA$179.5bCA$77.0bCA$8.0b12.2x22.5x2.3x
Sat, 02 Apr 2022CA$186.1bCA$76.7bCA$8.0b12.4x23.2x2.4x
Mon, 28 Feb 2022CA$178.4bCA$76.4bCA$8.3b12x21.4x2.3x
Price to Earnings Ratio

21.4x


Total Market Cap: CA$178.4bTotal Earnings: CA$8.3bTotal Revenue: CA$76.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 24.6x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.4x which is higher than its 3-year average PE of 24.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Telecom sector?

CA Market-0.52%
Telecom-0.42%
Media4.88%
Telecom Services and Carriers-0.11%
Wireless Telecom-1.00%
Interactive Media and Services-2.61%
Entertainment-8.44%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 23.4x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings growth of 2.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 131% over the next 5 years.
  • This is better than its past earnings growth rate of 3.1% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 15% 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
T TELUSCA$21.820.8%
+CA$272.5m		-10.4%PE33.3x
CCA Cogeco CommunicationsCA$65.031.9%
+CA$50.1m		6.5%PE7.9x
RAY.A Stingray GroupCA$9.256.3%
+CA$37.4m		24.3%PS1.7x
CGO CogecoCA$58.685.9%
+CA$31.2m		-0.1%PE6.1x
WILD WildBrainCA$1.962.6%
+CA$10.6m		79.8%PS0.9x
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BCE

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BCE

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PNC.B

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SBIO

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QBR.A

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1Y

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RAY.A

CA$9.25

Stingray Group

7D

6.3%

1Y

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T

CA$21.82

TELUS

7D

0.8%

1Y

-10.4%

CCA

CA$65.03

Cogeco Communications

7D

1.9%

1Y

6.5%

Little Excitement Around Cogeco Communications Inc.'s (TSE:CCA) Earnings

Feb 15
Little Excitement Around Cogeco Communications Inc.'s (TSE:CCA) Earnings

TSAT

CA$27.93

Telesat

7D

-13.6%

1Y

127.4%

Telesat's (TSE:TSAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Feb 14
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CGX

CA$11.09

Cineplex

7D

-4.3%

1Y

37.4%

FORA

CA$13.78

VerticalScope Holdings

7D

1.2%

1Y

243.6%

RCI.B

CA$39.71

Rogers Communications

7D

-1.0%

1Y

-35.7%

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CGO

CA$58.68

Cogeco

7D

5.9%

1Y

-0.1%

VRTS

CA$0.025

Vertiqal Studios

7D

25.0%

1Y

25.0%