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Canadian (TSX) Utilities Sector Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies34
  • 7D1.0%
  • 3M-13.2%
  • 1Y-5.5%
  • YTD-8.5%

Last week, the Utilities industry hasn't moved much but Hydro One is up 3.8% in that time. Unfortunately though, the industry is down 5.5% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022CA$157.4bCA$79.2bCA$6.6b19x23.8x2x
Sat, 29 Oct 2022CA$158.0bCA$77.2bCA$6.0b20.8x26.3x2x
Mon, 26 Sep 2022CA$174.5bCA$75.7bCA$5.9b21.4x29.7x2.3x
Wed, 24 Aug 2022CA$184.4bCA$74.8bCA$5.9b22.7x31.3x2.5x
Fri, 22 Jul 2022CA$175.2bCA$68.3bCA$4.2b26.2x42.1x2.6x
Sun, 19 Jun 2022CA$165.6bCA$68.5bCA$4.2b25.4x39.7x2.4x
Tue, 17 May 2022CA$174.5bCA$68.3bCA$4.2b27.5x42x2.6x
Thu, 14 Apr 2022CA$181.6bCA$64.9bCA$4.3b32x42x2.8x
Sat, 12 Mar 2022CA$178.8bCA$64.9bCA$4.4b30.1x41.1x2.8x
Mon, 07 Feb 2022CA$163.8bCA$62.5bCA$4.8b21.5x34.3x2.6x
Wed, 05 Jan 2022CA$169.3bCA$62.1bCA$2.7b22.7x62.9x2.7x
Fri, 03 Dec 2021CA$163.6bCA$62.2bCA$2.7b20.6x60.9x2.6x
Sun, 31 Oct 2021CA$167.9bCA$59.6bCA$1.5b19.8x115.7x2.8x
Tue, 28 Sep 2021CA$168.2bCA$59.6bCA$1.4b19.5x117.9x2.8x
Thu, 26 Aug 2021CA$174.9bCA$59.4bCA$1.5b21x120.4x2.9x
Fri, 02 Jul 2021CA$167.6bCA$59.4bCA$1.5b20.5x115.3x2.8x
Mon, 05 Apr 2021CA$169.6bCA$57.8bCA$2.0b18.8x85.8x2.9x
Thu, 07 Jan 2021CA$172.6bCA$56.2bCA$2.5b15.6x67.8x3.1x
Wed, 30 Sep 2020CA$154.8bCA$56.4bCA$4.3b19.5x36.1x2.7x
Sat, 04 Jul 2020CA$121.1bCA$52.5bCA$6.2b15.3x19.6x2.3x
Tue, 07 Apr 2020CA$118.0bCA$53.8bCA$6.1b15.1x19.5x2.2x
Fri, 10 Jan 2020CA$123.0bCA$53.6bCA$6.6b15.6x18.7x2.3x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$120.9bTotal Earnings: CA$6.0bTotal Revenue: CA$53.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 50.7x202020212022
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 23.8x which is lower than its 3-year average PE of 50.7x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Market0.70%
Utilities0.95%
Water Utilities2.23%
Electric Utilities1.85%
Renewable Energy0.45%
Gas Utilities0.38%
Other Utilities0.066%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 24.4x.
    • Analysts are expecting annual earnings growth of 33.9%, which is higher than its past year's earnings decline of 61.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 61% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 6.8% 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
H Hydro OneCA$37.623.8%
+CA$814.3m		19.6%PE21.8x
BEPC Brookfield RenewableCA$43.822.0%
+CA$314.8m		-5.8%PE17.2x
EMA EmeraCA$52.371.3%
+CA$185.1m		-10.6%PE17.9x
CPX Capital PowerCA$46.243.5%
+CA$184.6m		21.3%PE42.5x
FTS FortisCA$54.140.6%
+CA$148.9m		-2.4%PE20.2x
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Latest News

CFY

CA$0.20

CF Energy

7D

-9.1%

1Y

-63.6%

CBLU

CA$0.07

Clear Blue Technologies International

7D

-22.2%

1Y

-70.2%

EVGN

CA$2.04

EverGen Infrastructure

7D

-2.4%

1Y

-61.1%

H

CA$37.62

Hydro One

7D

3.8%

1Y

19.6%

There's Been No Shortage Of Growth Recently For Hydro One's (TSE:H) Returns On Capital

Nov 27
There's Been No Shortage Of Growth Recently For Hydro One's (TSE:H) Returns On Capital

REVV

CA$0.45

ReVolve Renewable Power

7D

-4.3%

1Y

n/a

BEPC

CA$43.82

Brookfield Renewable

7D

2.0%

1Y

-5.8%

NPI

CA$38.10

Northland Power

7D

0.7%

1Y

-0.05%

AQN

CA$10.16

Algonquin Power & Utilities

7D

-0.9%

1Y

-41.0%

FTS

CA$54.14

Fortis

7D

0.6%

1Y

-2.4%

CU

CA$36.79

Canadian Utilities

7D

0.5%

1Y

7.7%

EMA

CA$52.37

Emera

7D

1.3%

1Y

-10.6%

ARR

CA$9.52

Altius Renewable Royalties

7D

-3.0%

1Y

-17.2%

PIF

CA$14.54

Polaris Renewable Energy

7D

-0.5%

1Y

-15.3%

CPX

CA$46.24

Capital Power

7D

3.5%

1Y

21.3%

INE

CA$16.84

Innergex Renewable Energy

7D

2.6%

1Y

-11.2%

MXG

CA$3.47

Maxim Power

7D

-1.4%

1Y

-7.2%