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Canadian (TSX) Utilities Sector Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies29
  • 7D-1.2%
  • 3M-5.3%
  • 1Y-4.2%
  • YTD-6.7%

Over the last 7 days, the Utilities industry has dropped 1.2%, driven by a pullback from Brookfield Renewable of 2.4%. However, the industry is down 4.2% over the past year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$165.5bCA$62.2bCA$2.7b20.6x
Thu, 28 Oct 2021CA$166.0bCA$59.4bCA$1.5b20x
Sat, 25 Sep 2021CA$169.8bCA$59.7bCA$1.4b19.6x
Mon, 23 Aug 2021CA$174.8bCA$59.4bCA$1.5b21.1x
Sat, 10 Jul 2021CA$167.6bCA$59.4bCA$1.5b20.5x
Fri, 02 Apr 2021CA$169.6bCA$57.8bCA$2.0b18.8x
Mon, 04 Jan 2021CA$172.6bCA$56.2bCA$2.5b15.6x
Thu, 08 Oct 2020CA$154.8bCA$56.4bCA$4.3b19.5x
Wed, 01 Jul 2020CA$121.1bCA$52.5bCA$6.2b15.3x
Sat, 04 Apr 2020CA$118.0bCA$53.8bCA$6.1b15.1x
Tue, 07 Jan 2020CA$123.0bCA$53.6bCA$6.6b15.6x
Mon, 30 Sep 2019CA$118.1bCA$53.4bCA$6.0b16.1x
Thu, 04 Jul 2019CA$109.4bCA$53.3bCA$5.1b15.3x
Sun, 07 Apr 2019CA$103.8bCA$52.0bCA$4.0b16.1x
Wed, 09 Jan 2019CA$91.4bCA$55.1bCA$3.1b14.3x
PE Ratio

18.8x

Total Market Cap: CA$93.7bTotal Earnings: CA$2.5bTotal Revenue: CA$52.2b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Utilities industry have grown 2.5% per year over the last three years, and revenues for these companies have grown 6.0% 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?

Gas Utilities0.10%
Electric Utilities-0.23%
Other Utilities-0.81%
Renewable Energy-2.40%
Water Utilities-3.94%

Industry PE: Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 15.9x. This is likely because analysts are expecting annual earnings growth of 26%, which is higher than its past year's earnings decline of 21% per year. Meanwhile, investors are most pessimistic about the Gas Utilities industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 13.3x.

Forecasted Growth: Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 56% over the next 5 years. This is better than its past earnings decline of 3.6% per year. Meanwhile, the Electric Utilities industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
H Hydro One1.0%+CA$179.5m2.7%PE19.3x
ALA AltaGas1.0%+CA$70.0m33.8%PE16.1x
ACO.X ATCO0.6%+CA$29.7m9.0%PE22.8x
ARR Altius Renewable Royalties4.8%+CA$13.5mn/aPS73162.3x
MXG Maxim Power3.3%+CA$6.0m79.4%PE2.3x
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ACO.X

CA$42.54

ATCO

7D

0.6%

1Y

9.0%

BLX

CA$36.03

Boralex

7D

-3.9%

1Y

-12.2%

ALA

CA$24.94

AltaGas

7D

1.0%

1Y

33.8%