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Canadian (TSX) Telecom Sector Analysis

UpdatedDec 04, 2023
DataAggregated Company Financials
Companies60
  • 7D2.4%
  • 3M1.1%
  • 1Y-9.5%
  • YTD-6.4%

The Telecom industry is up 2.4% in the last week, with TELUS up 3.7%. During this same period, the Boat Rocker Media underperformed, falling 6.4%. In the past year, the industry is down 9.5%. 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
Mon, 04 Dec 2023CA$152.1bCA$85.4bCA$5.0b12.4x30.4x1.8x
Wed, 01 Nov 2023CA$140.0bCA$84.1bCA$6.2b10.4x22.5x1.7x
Fri, 29 Sep 2023CA$141.1bCA$84.1bCA$5.8b10.6x24.3x1.7x
Sun, 27 Aug 2023CA$148.9bCA$84.1bCA$5.9b10.2x25.4x1.8x
Tue, 25 Jul 2023CA$155.9bCA$81.9bCA$7.2b11.2x21.7x1.9x
Thu, 22 Jun 2023CA$157.4bCA$81.9bCA$7.8b9.5x20.2x1.9x
Sat, 20 May 2023CA$166.7bCA$81.8bCA$7.8b13.4x21.3x2x
Mon, 17 Apr 2023CA$167.9bCA$80.8bCA$8.0b12.6x21x2.1x
Wed, 15 Mar 2023CA$157.9bCA$81.2bCA$8.1b13.5x19.5x1.9x
Fri, 10 Feb 2023CA$162.6bCA$80.6bCA$8.7b15.3x18.8x2x
Sun, 08 Jan 2023CA$162.7bCA$80.1bCA$8.7b13.8x18.6x2x
Tue, 06 Dec 2022CA$165.8bCA$80.1bCA$8.7b13.4x19x2.1x
Thu, 03 Nov 2022CA$157.1bCA$79.3bCA$8.3b7.9x19x2x
Sat, 01 Oct 2022CA$149.9bCA$79.1bCA$8.7b8.5x17.3x1.9x
Mon, 29 Aug 2022CA$164.2bCA$79.0bCA$8.7b9.6x18.9x2.1x
Wed, 27 Jul 2022CA$161.8bCA$77.6bCA$8.1b9.7x20x2.1x
Fri, 24 Jun 2022CA$163.3bCA$77.4bCA$8.2b11.2x19.9x2.1x
Sun, 22 May 2022CA$174.1bCA$77.4bCA$8.2b12x21.1x2.2x
Tue, 19 Apr 2022CA$191.0bCA$76.8bCA$8.0b12.6x23.9x2.5x
Thu, 17 Mar 2022CA$181.3bCA$76.4bCA$8.3b12.1x21.9x2.4x
Sat, 12 Feb 2022CA$178.2bCA$76.8bCA$8.4b12.8x21.3x2.3x
Mon, 10 Jan 2022CA$173.0bCA$75.3bCA$8.0b12.3x21.6x2.3x
Wed, 08 Dec 2021CA$172.2bCA$75.4bCA$8.0b12.1x21.5x2.3x
Fri, 05 Nov 2021CA$169.7bCA$73.9bCA$7.5b13.2x22.6x2.3x
Sun, 03 Oct 2021CA$169.2bCA$73.7bCA$7.5b13.5x22.6x2.3x
Tue, 31 Aug 2021CA$176.8bCA$73.7bCA$7.5b14x23.7x2.4x
Wed, 07 Jul 2021CA$171.0bCA$73.7bCA$7.5b14.6x22.9x2.3x
Sat, 10 Apr 2021CA$156.5bCA$71.8bCA$6.1b15.5x25.8x2.2x
Fri, 01 Jan 2021CA$143.6bCA$70.6bCA$6.0b13x24.1x2x
Price to Earnings Ratio

25.7x


Total Market Cap: CA$145.3bTotal Earnings: CA$5.7bTotal Revenue: CA$71.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 22.1x202120222023
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 30.4x which is higher than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 4.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% 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, which has decreased profits.

Industry Trends

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

CA Market1.40%
Telecom2.43%
Media3.75%
Entertainment3.23%
Wireless Telecom2.67%
Telecom Services and Carriers2.02%
Interactive Media and Services0.57%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 8.6%, which is lower than the prior year's growth of 15.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 119% over the next 5 years.
  • This is better than its past earnings decline of 67% per year.
  • In contrast, the Media industry is expected to see its earnings grow by 8.6% 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$24.983.7%
+CA$1.3b		-14.0%PE45.6x
RCI.B Rogers CommunicationsCA$60.273.1%
+CA$948.7m		-4.6%PE31x
BCE BCECA$54.391.5%
+CA$748.1m		-15.0%PE22.3x
QBR.A QuebecorCA$32.120.9%
+CA$64.6m		7.7%PE11.5x
CCA Cogeco CommunicationsCA$53.702.4%
+CA$54.9m		-31.1%PE6.1x
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CA$1.43

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10.9%

1Y

10.9%

SBIO

CA$0.26

Sabio Holdings

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1Y

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RCI.B

CA$60.27

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3.1%

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GET

CA$0.095

GameOn Entertainment Technologies

7D

-20.8%

1Y

5.6%

DEAL

CA$0.05

Playgon Games

7D

-16.7%

1Y

-33.3%

TBRD

CA$2.10

Thunderbird Entertainment Group

7D

-2.3%

1Y

-33.3%

T

CA$24.98

TELUS

7D

3.7%

1Y

-14.0%

RSS

CA$0.32

RESAAS Services

7D

-10.0%

1Y

43.2%

BCE

CA$54.39

BCE

7D

1.5%

1Y

-15.0%

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CCA

CA$53.70

Cogeco Communications

7D

2.4%

1Y

-31.1%

EAGR

CA$0.42

East Side Games Group

7D

-6.7%

1Y

-53.8%

QBR.A

CA$32.12

Quebecor

7D

0.9%

1Y

7.7%

CGO

CA$48.39

Cogeco

7D

3.0%

1Y

-23.3%

BRMI

CA$1.46

Boat Rocker Media

7D

-6.4%

1Y

-40.4%

MVY

CA$0.05

Moovly Media

7D

-16.7%

1Y

-65.5%