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Canadian (TSX) Utilities Sector Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
Companies34
  • 7D1.3%
  • 3M-1.7%
  • 1Y-9.3%
  • YTD-6.7%

The Utilities industry is up 1.3% in the last week, with Brookfield Renewable up 4.5%. In contrast, the industry has lost 9.3% in the last 12 months. Looking forward, earnings are forecast to grow by 1.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023CA$146.4bCA$85.5bCA$8.7b14.2x16.7x1.7x
Tue, 31 Oct 2023CA$136.6bCA$85.4bCA$6.9b13.2x19.8x1.6x
Thu, 28 Sep 2023CA$138.5bCA$85.0bCA$6.8b13.5x20.4x1.6x
Sat, 26 Aug 2023CA$149.1bCA$85.1bCA$6.8b15.2x22x1.8x
Mon, 24 Jul 2023CA$158.8bCA$85.2bCA$7.9b14.3x20x1.9x
Wed, 21 Jun 2023CA$156.7bCA$85.2bCA$7.9b15.2x19.7x1.8x
Fri, 19 May 2023CA$163.7bCA$85.5bCA$8.0b14.7x20.6x1.9x
Sun, 16 Apr 2023CA$165.5bCA$82.6bCA$7.1b16.4x23.2x2x
Tue, 14 Mar 2023CA$153.9bCA$82.9bCA$7.5b16.5x20.5x1.9x
Thu, 09 Feb 2023CA$151.7bCA$79.5bCA$7.0b17.6x21.8x1.9x
Sat, 07 Jan 2023CA$152.8bCA$79.3bCA$6.0b17.5x25.6x1.9x
Mon, 05 Dec 2022CA$158.1bCA$79.3bCA$6.0b19x26.5x2x
Wed, 02 Nov 2022CA$157.1bCA$77.2bCA$5.9b20.8x26.7x2x
Fri, 30 Sep 2022CA$162.8bCA$75.9bCA$5.9b20.3x27.7x2.1x
Sun, 28 Aug 2022CA$182.9bCA$74.9bCA$5.9b22.4x31x2.4x
Tue, 26 Jul 2022CA$176.9bCA$68.3bCA$4.2b26.7x42.5x2.6x
Thu, 23 Jun 2022CA$167.0bCA$68.3bCA$4.2b25.7x40.1x2.4x
Sat, 21 May 2022CA$179.1bCA$68.2bCA$4.2b28.2x43.1x2.6x
Mon, 18 Apr 2022CA$180.5bCA$64.9bCA$4.3b32.2x41.7x2.8x
Wed, 16 Mar 2022CA$176.8bCA$65.0bCA$4.4b30.1x40.5x2.7x
Fri, 11 Feb 2022CA$165.6bCA$62.4bCA$4.8b21.4x34.7x2.7x
Sun, 09 Jan 2022CA$164.6bCA$62.1bCA$2.7b22x61.1x2.7x
Tue, 07 Dec 2021CA$164.5bCA$62.2bCA$2.7b21.9x61.2x2.6x
Thu, 04 Nov 2021CA$168.9bCA$60.9bCA$1.5b19.5x115.9x2.8x
Sat, 02 Oct 2021CA$165.9bCA$59.7bCA$1.4b19.3x116.8x2.8x
Mon, 30 Aug 2021CA$174.6bCA$59.4bCA$1.5b21x120.2x2.9x
Tue, 06 Jul 2021CA$167.6bCA$59.4bCA$1.5b20.5x115.3x2.8x
Fri, 09 Apr 2021CA$169.6bCA$57.8bCA$2.0b18.8x85.8x2.9x
Thu, 31 Dec 2020CA$172.6bCA$56.2bCA$2.5b15.6x67.8x3.1x
Price to Earnings Ratio

39.4x


Total Market Cap: CA$168.9bTotal Earnings: CA$4.3bTotal Revenue: CA$56.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 49.7x202120222023
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 16.7x which is lower than its 3-year average PE of 49.7x.
  • The 3-year average PS ratio of 2.4x 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 27% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.40%
Utilities1.26%
Renewable Energy3.55%
Water Utilities1.51%
Other Utilities1.26%
Gas Utilities0.49%
Electric Utilities-0.49%
Industry PE
  • Investors are most optimistic about the Other Utilities industry, which is trading close to its 3-year average PE ratio of 19.9x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 7.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 7.7% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 11% 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
BEPC Brookfield RenewableCA$37.564.5%
+CA$594.5m
-14.5%PE6.8x
AQN Algonquin Power & UtilitiesCA$8.514.3%
+CA$241.2m
-16.3%PS1.6x
BLX BoralexCA$31.477.2%
+CA$216.8m
-19.8%PE44.3x
NPI Northland PowerCA$22.582.7%
+CA$152.5m
-40.1%PE15x
CPX Capital PowerCA$37.723.5%
+CA$151.8m
-19.6%PE8.6x
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Latest News

WEB

CA$1.04

Westbridge Renewable Energy

7D

-1.0%

1Y

126.1%

NPI

CA$22.58

Northland Power

7D

2.7%

1Y

-40.1%

CPX

CA$37.72

Capital Power

7D

3.5%

1Y

-19.6%

NKW.H

CA$0.035

Oceanic Wind Energy

7D

-12.5%

1Y

-30.0%

CUP.U

US$11.00

Caribbean Utilities Company

7D

-2.7%

1Y

-24.1%

BEPC

CA$37.56

Brookfield Renewable

7D

4.5%

1Y

-14.5%

SOLR

CA$0.035

Solar Alliance Energy

7D

-22.2%

1Y

-56.3%

EMA

CA$48.37

Emera

7D

0.4%

1Y

-7.6%

AQN

CA$8.51

Algonquin Power & Utilities

7D

4.3%

1Y

-16.3%

FTS

CA$54.84

Fortis

7D

-1.6%

1Y

1.4%

SPB

CA$10.15

Superior Plus

7D

1.7%

1Y

0.8%

PIF

CA$12.98

Polaris Renewable Energy

7D

-1.7%

1Y

-11.5%

PRME

CA$0.10

Prime Drink Group

7D

-4.8%

1Y

-44.4%