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Canadian (TSX) Utilities Sector Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies28
  • 7D-2.3%
  • 3M-4.2%
  • 1Y-11.6%
  • YTD-4.4%

Over the last 7 days, the Utilities industry has dropped 2.3%, driven by a pullback from Brookfield Renewable of 7.0%. Overall the industry is down 12% in 12 months. Looking forward, earnings are forecast to grow by 6.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$139.4bCA$80.7bCA$6.3b13.7x22.2x1.7x
Thu, 15 Feb 2024CA$137.6bCA$82.2bCA$6.2b14.1x22.1x1.7x
Sat, 13 Jan 2024CA$149.3bCA$85.4bCA$8.7b14.6x17.1x1.7x
Mon, 11 Dec 2023CA$146.7bCA$85.6bCA$8.8b14.5x16.8x1.7x
Wed, 08 Nov 2023CA$143.4bCA$85.9bCA$8.4b13.1x17.1x1.7x
Fri, 06 Oct 2023CA$136.1bCA$85.2bCA$6.8b13.8x20.1x1.6x
Sun, 03 Sep 2023CA$148.5bCA$85.1bCA$6.8b15.2x21.9x1.7x
Tue, 01 Aug 2023CA$154.9bCA$84.4bCA$8.0b14x19.5x1.8x
Thu, 29 Jun 2023CA$154.1bCA$85.2bCA$7.9b14.8x19.4x1.8x
Sat, 27 May 2023CA$161.5bCA$85.7bCA$8.0b14.6x20.3x1.9x
Mon, 24 Apr 2023CA$166.4bCA$82.8bCA$7.2b16.5x23.3x2x
Wed, 22 Mar 2023CA$156.9bCA$83.0bCA$7.2b16.1x21.9x1.9x
Fri, 17 Feb 2023CA$153.1bCA$80.2bCA$7.0b17.6x21.8x1.9x
Sun, 15 Jan 2023CA$156.4bCA$79.2bCA$6.0b18x26.2x2x
Tue, 13 Dec 2022CA$159.0bCA$79.5bCA$6.0b19.5x26.6x2x
Thu, 10 Nov 2022CA$156.5bCA$77.8bCA$6.7b19.6x23.3x2x
Sat, 08 Oct 2022CA$157.6bCA$75.9bCA$5.9b20.7x26.8x2.1x
Mon, 05 Sep 2022CA$180.1bCA$75.1bCA$5.8b22.2x31x2.4x
Wed, 03 Aug 2022CA$181.5bCA$70.2bCA$4.4b26.7x41x2.6x
Fri, 01 Jul 2022CA$172.5bCA$68.3bCA$4.2b26.7x41.4x2.5x
Sun, 29 May 2022CA$179.6bCA$68.1bCA$4.2b27.8x43.2x2.6x
Tue, 26 Apr 2022CA$179.5bCA$65.0bCA$4.3b32.2x41.4x2.8x
Thu, 24 Mar 2022CA$176.9bCA$64.8bCA$4.3b30.5x40.8x2.7x
Sat, 19 Feb 2022CA$163.6bCA$63.0bCA$4.8b20.8x33.9x2.6x
Mon, 17 Jan 2022CA$161.1bCA$62.0bCA$2.7b22x59.9x2.6x
Wed, 15 Dec 2021CA$163.6bCA$62.3bCA$2.7b22.3x60.9x2.6x
Fri, 12 Nov 2021CA$168.7bCA$61.7bCA$2.9b20.6x57.8x2.7x
Sun, 10 Oct 2021CA$163.8bCA$59.5bCA$1.5b19.4x112.2x2.8x
Tue, 07 Sep 2021CA$174.7bCA$59.4bCA$1.5b19.7x118.5x2.9x
Thu, 05 Aug 2021CA$174.0bCA$59.4bCA$1.5b21.2x119.8x2.9x
Sun, 09 May 2021CA$165.6bCA$57.8bCA$2.0b19.4x83.8x2.9x
Price to Earnings Ratio

85.8x


Total Market Cap: CA$169.6bTotal Earnings: CA$2.0bTotal Revenue: CA$57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 45.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Utilities 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 22.4x which is lower than its 3-year average PE of 45.3x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 47% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.35%
Utilities-2.30%
Gas Utilities0.096%
Water Utilities0%
Electric Utilities-1.15%
Other Utilities-2.46%
Renewable Energy-4.38%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 2.7%, which is lower than the prior year's growth of 369.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 74% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 2.7% 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
MXG Maxim PowerCA$4.701.5%
+CA$79.3m
9.3%PE11.1x
SPB Superior PlusCA$9.940.9%
+CA$22.9m
-9.6%PE47.9x
RNW TransAlta RenewablesCA$12.340.4%
+CA$13.3m
-9.1%PE42.2x
CUP.U Caribbean Utilities CompanyUS$12.441.1%
+US$5.3m
-10.6%PE12.5x
ARR Altius Renewable RoyaltiesCA$8.962.1%
+CA$5.5m
6.4%PB1x
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Latest News

MXG

CA$4.70

Maxim Power

7D

1.5%

1Y

9.3%

H

CA$40.91

Hydro One

7D

-1.8%

1Y

8.9%

ARR

CA$8.96

Altius Renewable Royalties

7D

2.1%

1Y

6.4%

NPI

CA$21.91

Northland Power

7D

-8.8%

1Y

-34.2%

EMA

CA$47.59

Emera

7D

-2.6%

1Y

-13.8%

BEPC

CA$31.66

Brookfield Renewable

7D

-7.0%

1Y

-26.2%

BLX

CA$28.06

Boralex

7D

-6.2%

1Y

-26.5%

TA

CA$8.79

TransAlta

7D

-5.3%

1Y

-19.2%

SPB

CA$9.94

Superior Plus

7D

0.9%

1Y

-9.6%

SUNN

CA$6.20

SolarBank

7D

3.3%

1Y

138.5%

CFY

CA$0.28

CF Energy

7D

16.7%

1Y

-6.7%

FTS

CA$53.57

Fortis

7D

-0.8%

1Y

-6.8%

CUP.U

US$12.44

Caribbean Utilities Company

7D

1.1%

1Y

-10.6%

NKW.H

CA$0.10

Oceanic Wind Energy

7D

42.9%

1Y

100.0%

RNW

CA$12.34

TransAlta Renewables

7D

0.4%

1Y

-9.1%