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Canadian (TSX) Telecom Sector Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies65
  • 7D1.0%
  • 3M1.1%
  • 1Y-3.5%
  • YTD-6.0%

In the last week, Telecom has been flat. Unfortunately though, the industry is down 3.5% over the past 12 months. Earnings are forecast to grow by 8.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022CA$163.9bCA$80.1bCA$8.8b11x18.6x2x
Fri, 28 Oct 2022CA$156.1bCA$79.1bCA$8.3b7.5x18.8x2x
Sun, 25 Sep 2022CA$156.1bCA$79.1bCA$8.7b8.3x18x2x
Tue, 23 Aug 2022CA$166.0bCA$79.0bCA$8.7b9.9x19.2x2.1x
Thu, 21 Jul 2022CA$162.2bCA$77.6bCA$8.1b10.8x20x2.1x
Sat, 18 Jun 2022CA$157.9bCA$77.4bCA$8.2b11.4x19.2x2x
Mon, 16 May 2022CA$173.7bCA$77.3bCA$8.3b12x21x2.2x
Wed, 13 Apr 2022CA$190.2bCA$76.7bCA$8.0b12.4x23.8x2.5x
Fri, 11 Mar 2022CA$183.9bCA$76.4bCA$8.3b12.2x22.2x2.4x
Sun, 06 Feb 2022CA$177.8bCA$75.8bCA$8.0b12.6x22.2x2.3x
Tue, 04 Jan 2022CA$172.8bCA$75.3bCA$8.0b12.2x21.5x2.3x
Thu, 02 Dec 2021CA$168.2bCA$75.4bCA$8.0b11.9x21x2.2x
Sat, 30 Oct 2021CA$169.0bCA$73.7bCA$7.5b13.9x22.7x2.3x
Mon, 27 Sep 2021CA$172.3bCA$73.7bCA$7.5b13.6x23x2.3x
Wed, 25 Aug 2021CA$174.8bCA$73.7bCA$7.5b14.9x23.4x2.4x
Thu, 01 Jul 2021CA$171.0bCA$73.7bCA$7.5b14.6x22.9x2.3x
Sun, 04 Apr 2021CA$156.5bCA$71.8bCA$6.1b15.5x25.8x2.2x
Wed, 06 Jan 2021CA$143.6bCA$70.6bCA$6.0b13x24.1x2x
Sat, 10 Oct 2020CA$138.3bCA$71.7bCA$5.6b12.4x24.5x1.9x
Fri, 03 Jul 2020CA$136.2bCA$71.9bCA$6.1b12.3x22.2x1.9x
Mon, 06 Apr 2020CA$139.2bCA$73.8bCA$8.2b7.4x17x1.9x
Thu, 09 Jan 2020CA$152.7bCA$73.5bCA$8.5b15.9x17.9x2.1x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$156.2bTotal Earnings: CA$8.3bTotal Revenue: CA$73.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 21.6x202020212022
Current Industry PE
  • Investors are pessimistic on the Canadian Communication Services 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 18.6x which is lower than its 3-year average PE of 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

CA Market0.22%
Telecom0.97%
Entertainment7.04%
Interactive Media and Services6.54%
Wireless Telecom2.25%
Media1.94%
Telecom Services and Carriers0.17%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry, which is trading close to its 3-year average PE ratio of 22.2x.
    • Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings decline of 26.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 53% over the next 5 years.
  • However this is lower than its past earnings growth rate of 115% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 3.2% 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
RCI.B Rogers CommunicationsCA$61.382.2%
+CA$681.6m		7.4%PE19.7x
BCE BCECA$64.011.0%
+CA$574.5m		-0.4%PE20.8x
QBR.A QuebecorCA$28.946.1%
+CA$387.2m		0.9%PE10.9x
CCA Cogeco CommunicationsCA$75.323.0%
+CA$101.2m		-22.9%PE8.1x
SJR.B Shaw CommunicationsCA$36.720.4%
+CA$64.9m		-0.8%PE21.7x
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