Postmedia Network Canada Corp.'s (TSE:PNC.B) Business Is Yet to Catch Up With Its Share Price
Nov 19
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Canadian (TSX) Telecom Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies39
- 7D-0.9%
- 3M-8.9%
- 1Y-16.7%
- YTD-18.1%
The Telecom industry has stayed flat over the last week. Unfortunately though, the industry is down 17% over the past 12 months. Earnings are forecast to grow by 38% annually.
Sector Valuation and Performance
Has the Canadian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | CA$107.5b | CA$80.0b | CA$3.3b | 10.7x | 32.5x | 1.3x |
| Fri, 18 Oct 2024 | CA$118.4b | CA$80.2b | CA$4.4b | 11.4x | 26.8x | 1.5x |
| Sun, 15 Sep 2024 | CA$121.9b | CA$80.2b | CA$4.4b | 9.6x | 27.4x | 1.5x |
| Tue, 13 Aug 2024 | CA$119.9b | CA$80.3b | CA$4.5b | 9.4x | 26.5x | 1.5x |
| Thu, 11 Jul 2024 | CA$108.9b | CA$81.8b | CA$3.5b | 8.5x | 30.9x | 1.3x |
| Sat, 08 Jun 2024 | CA$118.2b | CA$81.8b | CA$3.6b | 8.9x | 32.9x | 1.4x |
| Mon, 06 May 2024 | CA$115.4b | CA$81.8b | CA$3.6b | 10.1x | 31.7x | 1.4x |
| Wed, 03 Apr 2024 | CA$116.2b | CA$81.3b | CA$4.0b | 12.7x | 29.4x | 1.4x |
| Fri, 01 Mar 2024 | CA$126.3b | CA$81.4b | CA$4.0b | 11.4x | 31.3x | 1.6x |
| Sun, 28 Jan 2024 | CA$154.3b | CA$85.4b | CA$5.0b | 14.9x | 31.1x | 1.8x |
| Tue, 26 Dec 2023 | CA$147.5b | CA$85.4b | CA$5.0b | 12.3x | 29.5x | 1.7x |
| Thu, 23 Nov 2023 | CA$149.8b | CA$85.4b | CA$5.0b | 15.8x | 29.9x | 1.8x |
| Sat, 21 Oct 2023 | CA$138.6b | CA$84.1b | CA$5.8b | 10.5x | 23.8x | 1.6x |
| Mon, 18 Sep 2023 | CA$148.7b | CA$84.1b | CA$5.8b | 11.2x | 25.6x | 1.8x |
| Wed, 16 Aug 2023 | CA$149.3b | CA$84.1b | CA$5.9b | 10.1x | 25.5x | 1.8x |
| Fri, 14 Jul 2023 | CA$157.7b | CA$81.8b | CA$7.3b | 9.7x | 21.7x | 1.9x |
| Sun, 11 Jun 2023 | CA$158.4b | CA$81.9b | CA$7.8b | 9.6x | 20.3x | 1.9x |
| Tue, 09 May 2023 | CA$167.1b | CA$81.9b | CA$7.8b | 13x | 21.5x | 2x |
| Thu, 06 Apr 2023 | CA$166.6b | CA$80.9b | CA$8.0b | 12.9x | 20.7x | 2.1x |
| Sat, 04 Mar 2023 | CA$162.3b | CA$81.2b | CA$8.2b | 13.9x | 19.7x | 2x |
| Mon, 30 Jan 2023 | CA$166.1b | CA$80.1b | CA$8.7b | 14.6x | 19.2x | 2.1x |
| Wed, 28 Dec 2022 | CA$156.8b | CA$80.1b | CA$8.7b | 13.6x | 17.9x | 2x |
| Fri, 25 Nov 2022 | CA$162.6b | CA$80.1b | CA$8.8b | 10.1x | 18.5x | 2x |
| Sun, 23 Oct 2022 | CA$150.4b | CA$79.1b | CA$8.3b | 7.6x | 18.1x | 1.9x |
| Tue, 20 Sep 2022 | CA$158.3b | CA$79.1b | CA$8.7b | 8.6x | 18.2x | 2x |
| Thu, 18 Aug 2022 | CA$166.5b | CA$79.0b | CA$8.7b | 9.4x | 19.2x | 2.1x |
| Sat, 16 Jul 2022 | CA$161.2b | CA$77.6b | CA$8.1b | 10.6x | 19.9x | 2.1x |
| Mon, 13 Jun 2022 | CA$169.8b | CA$77.4b | CA$8.2b | 12.1x | 20.7x | 2.2x |
| Wed, 11 May 2022 | CA$175.2b | CA$77.3b | CA$8.3b | 11.7x | 21.1x | 2.3x |
| Fri, 08 Apr 2022 | CA$191.3b | CA$76.7b | CA$8.0b | 12.4x | 23.9x | 2.5x |
| Sun, 06 Mar 2022 | CA$185.0b | CA$76.4b | CA$8.3b | 12x | 22.3x | 2.4x |
| Tue, 01 Feb 2022 | CA$174.8b | CA$75.8b | CA$8.0b | 12.5x | 21.8x | 2.3x |
| Thu, 30 Dec 2021 | CA$173.7b | CA$75.4b | CA$8.0b | 12.1x | 21.7x | 2.3x |
| Sat, 27 Nov 2021 | CA$171.5b | CA$75.4b | CA$8.0b | 12x | 21.4x | 2.3x |
Price to Earnings Ratio
21.4x
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 32.5x which is higher than its 3-year average PE of 23.9x.
- The 3-year average PS ratio of 1.9x 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 26% 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 | 0.41% | |
| Telecom | -0.89% | |
| Interactive Media and Services | 0.88% | |
| Media | 0.80% | |
| Wireless Telecom | 0.14% | |
| Telecom Services and Carriers | -1.25% | |
| Entertainment | -4.11% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 22.5x.
- Analysts are expecting annual earnings growth of 44.4%, which is higher than its past year's earnings decline of 1.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 86% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BCE BCE | CA$38.14 | 0.1% +CA$45.6m | -29.1% | PE414.2x | |
| WILD WildBrain | CA$1.05 | 5.0% +CA$10.6m | -8.7% | PS0.5x | |
| Y Yellow Pages | CA$11.04 | 5.0% +CA$7.3m | -2.2% | PE4.4x | |
| EGLX Enthusiast Gaming Holdings | CA$0.17 | 30.8% +CA$6.4m | -49.3% | PS0.3x | |
| SBIO Sabio Holdings | CA$0.57 | 26.7% +CA$6.0m | 44.3% | PS0.5x |
