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Canadian (TSX) Utilities Sector Analysis

UpdatedJan 20, 2025
DataAggregated Company Financials
Companies27
  • 7D1.4%
  • 3M-4.4%
  • 1Y9.2%
  • YTD-0.5%

The Utilities industry is up 1.4% in the last week, with Fortis up 3.0%. In the last 12 months, the industry was up 9.2%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jan 2025CA$144.2bCA$75.4bCA$5.3b20.8x27.1x1.9x
Wed, 18 Dec 2024CA$160.8bCA$82.0bCA$3.5b20.9x46x2x
Fri, 15 Nov 2024CA$160.1bCA$81.6bCA$3.6b19.5x43.9x2x
Sun, 13 Oct 2024CA$159.0bCA$81.1bCA$6.9b18.9x23x2x
Tue, 10 Sep 2024CA$156.6bCA$80.8bCA$6.9b19.3x22.6x1.9x
Thu, 08 Aug 2024CA$153.8bCA$80.8bCA$6.0b16.6x25.8x1.9x
Sat, 06 Jul 2024CA$146.8bCA$80.0bCA$7.2b13.9x20.3x1.8x
Mon, 03 Jun 2024CA$149.9bCA$80.0bCA$7.2b14.2x20.8x1.9x
Wed, 01 May 2024CA$137.6bCA$81.0bCA$6.3b13.9x21.9x1.7x
Fri, 29 Mar 2024CA$140.6bCA$80.7bCA$6.3b14x22.4x1.7x
Sun, 25 Feb 2024CA$140.9bCA$82.2bCA$5.6b14.7x25x1.7x
Tue, 23 Jan 2024CA$147.7bCA$85.4bCA$8.7b14.5x16.9x1.7x
Thu, 21 Dec 2023CA$149.0bCA$85.3bCA$8.7b14.3x17.1x1.7x
Sat, 18 Nov 2023CA$146.6bCA$85.7bCA$8.8b14.7x16.7x1.7x
Mon, 16 Oct 2023CA$136.8bCA$85.2bCA$6.8b13.9x20.2x1.6x
Wed, 13 Sep 2023CA$146.2bCA$85.1bCA$6.8b14.7x21.6x1.7x
Fri, 11 Aug 2023CA$150.2bCA$85.0bCA$6.9b14.5x21.8x1.8x
Sun, 09 Jul 2023CA$153.9bCA$85.3bCA$7.9b14.3x19.4x1.8x
Tue, 06 Jun 2023CA$163.3bCA$85.5bCA$8.0b14.7x20.5x1.9x
Thu, 04 May 2023CA$165.9bCA$83.9bCA$7.6b16.5x22x2x
Sat, 01 Apr 2023CA$163.4bCA$82.8bCA$7.2b16.2x22.8x2x
Mon, 27 Feb 2023CA$152.0bCA$81.5bCA$7.3b17.1x20.9x1.9x
Wed, 25 Jan 2023CA$158.3bCA$79.2bCA$6.0b18x26.5x2x
Fri, 23 Dec 2022CA$150.6bCA$79.5bCA$6.0b17.2x25.2x1.9x
Sun, 20 Nov 2022CA$153.5bCA$79.0bCA$6.6b18.7x23.2x1.9x
Tue, 18 Oct 2022CA$150.6bCA$76.1bCA$5.9b20.2x25.5x2x
Thu, 15 Sep 2022CA$182.8bCA$75.2bCA$5.8b22x31.4x2.4x
Sat, 13 Aug 2022CA$184.7bCA$74.6bCA$5.9b23x31.4x2.5x
Mon, 11 Jul 2022CA$173.7bCA$68.3bCA$4.2b26.6x41.7x2.5x
Wed, 08 Jun 2022CA$176.7bCA$68.0bCA$4.2b27.2x42.4x2.6x
Fri, 06 May 2022CA$174.3bCA$66.6bCA$4.5b25.1x38.8x2.6x
Sun, 03 Apr 2022CA$181.7bCA$64.8bCA$4.3b31.3x42.1x2.8x
Tue, 01 Mar 2022CA$168.1bCA$63.3bCA$5.0b19.4x33.8x2.7x
Thu, 27 Jan 2022CA$160.8bCA$62.0bCA$2.7b22.4x59.8x2.6x
Price to Earnings Ratio

59.8x


Total Market Cap: CA$160.8bTotal Earnings: CA$2.7bTotal Revenue: CA$62.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 27.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market1.22%
Utilities1.39%
Electric Utilities2.48%
Gas Utilities1.89%
Other Utilities1.42%
Renewable Energy-0.74%
Water Utilities-1.46%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 6.1x.
    • Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings growth of 0.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 7.8% 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
FTS FortisCA$60.693.5%
+CA$1.0b		12.1%PE19x
H Hydro OneCA$44.203.1%
+CA$797.2m		13.7%PE23.3x
EMA EmeraCA$54.174.5%
+CA$686.6m		10.9%PE25.5x
TA TransAltaCA$20.688.2%
+CA$465.5m		103.5%PE39.1x
ALA AltaGasCA$34.983.5%
+CA$354.4m		26.3%PE21.3x
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Latest News

FTS

CA$60.69

Fortis

7D

3.5%

1Y

12.1%

H

CA$44.20

Hydro One

7D

3.1%

1Y

13.7%

EMA

CA$54.17

Emera

7D

4.5%

1Y

10.9%

RE

CA$0.45

RE Royalties

7D

-2.2%

1Y

-4.3%

TA

CA$20.68

TransAlta

7D

8.2%

1Y

103.5%

NPI

CA$19.24

Northland Power

7D

5.3%

1Y

-21.8%

ALA

CA$34.98

AltaGas

7D

3.5%

1Y

26.3%

WEB

CA$0.79

Westbridge Renewable Energy

7D

-3.7%

1Y

-20.2%

AQN

CA$6.38

Algonquin Power & Utilities

7D

3.2%

1Y

-20.3%

CFY

CA$0.14

CF Energy

7D

-14.7%

1Y

-46.3%

CF Energy (CVE:CFY) Use Of Debt Could Be Considered Risky

Jan 11
CF Energy (CVE:CFY) Use Of Debt Could Be Considered Risky

CPX

CA$62.13

Capital Power

7D

2.2%

1Y

67.3%

Some Shareholders Feeling Restless Over Capital Power Corporation's (TSE:CPX) P/E Ratio

Jan 08
Some Shareholders Feeling Restless Over Capital Power Corporation's (TSE:CPX) P/E Ratio

WATR

CA$0.025

Current Water Technologies

7D

-16.7%

1Y

-28.6%

REVV

CA$0.24

ReVolve Renewable Power

7D

-7.7%

1Y

-20.0%

EVGN

CA$1.34

EverGen Infrastructure

7D

-7.6%

1Y

-45.5%

CUP.U

US$13.90

Caribbean Utilities Company

7D

-0.2%

1Y

23.7%