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Canadian (TSX) Utilities Sector Analysis

UpdatedOct 09, 2024
DataAggregated Company Financials
Companies25
  • 7D-4.3%
  • 3M6.8%
  • 1Y15.0%
  • YTD7.3%

Over the last 7 days, the Utilities industry has dropped 3.7%, driven by a pullback from Hydro One of 6.5%. Over the past 12 months, the industry was up 18%. In the next few years, earnings are forecast to decline by 1.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Oct 2024CA$159.5bCA$80.9bCA$6.9b18.8x23.1x2x
Fri, 06 Sep 2024CA$156.6bCA$80.7bCA$6.9b19.3x22.7x1.9x
Sun, 04 Aug 2024CA$154.0bCA$81.1bCA$6.0b15.6x25.6x1.9x
Tue, 02 Jul 2024CA$145.1bCA$80.1bCA$7.2b13.8x20.1x1.8x
Thu, 30 May 2024CA$149.4bCA$80.1bCA$7.2b14.2x20.7x1.9x
Sat, 27 Apr 2024CA$136.9bCA$80.9bCA$6.3b13.9x21.8x1.7x
Mon, 25 Mar 2024CA$141.2bCA$80.8bCA$6.3b13.8x22.5x1.7x
Wed, 21 Feb 2024CA$140.9bCA$82.2bCA$6.2b14.3x22.6x1.7x
Fri, 19 Jan 2024CA$146.7bCA$85.5bCA$8.7b14.5x16.8x1.7x
Sun, 17 Dec 2023CA$150.7bCA$85.3bCA$8.7b14.6x17.3x1.8x
Tue, 14 Nov 2023CA$140.3bCA$85.9bCA$8.9b14x15.9x1.6x
Thu, 12 Oct 2023CA$141.1bCA$85.1bCA$6.8b14.2x20.8x1.7x
Sat, 09 Sep 2023CA$145.0bCA$85.2bCA$6.8b14.8x21.4x1.7x
Mon, 07 Aug 2023CA$148.6bCA$84.9bCA$7.1b14.1x20.8x1.8x
Wed, 05 Jul 2023CA$156.9bCA$85.2bCA$7.9b14.5x19.8x1.8x
Fri, 02 Jun 2023CA$160.7bCA$85.5bCA$8.0b14.5x20.2x1.9x
Sun, 30 Apr 2023CA$165.4bCA$83.0bCA$7.3b16.2x22.5x2x
Tue, 28 Mar 2023CA$159.0bCA$82.9bCA$7.2b16.1x22.2x1.9x
Thu, 23 Feb 2023CA$152.5bCA$80.6bCA$7.1b17.8x21.6x1.9x
Sat, 21 Jan 2023CA$157.1bCA$79.2bCA$6.0b18x26.3x2x
Mon, 19 Dec 2022CA$154.8bCA$79.6bCA$6.0b17.5x25.8x1.9x
Wed, 16 Nov 2022CA$153.5bCA$78.9bCA$6.6b18.5x23.3x1.9x
Fri, 14 Oct 2022CA$150.1bCA$76.0bCA$5.9b20.3x25.5x2x
Sun, 11 Sep 2022CA$182.1bCA$75.1bCA$5.8b22.3x31.3x2.4x
Tue, 09 Aug 2022CA$184.2bCA$73.8bCA$5.9b26.7x31.3x2.5x
Thu, 07 Jul 2022CA$173.0bCA$68.5bCA$4.2b26.7x41.5x2.5x
Sat, 04 Jun 2022CA$177.3bCA$68.0bCA$4.2b27.7x42.6x2.6x
Mon, 02 May 2022CA$175.2bCA$66.3bCA$4.5b25.2x39x2.6x
Wed, 30 Mar 2022CA$177.1bCA$64.8bCA$4.3b31.1x40.9x2.7x
Fri, 25 Feb 2022CA$164.8bCA$62.8bCA$4.8b19.4x34.7x2.6x
Sun, 23 Jan 2022CA$161.2bCA$62.0bCA$2.7b21.9x59.9x2.6x
Tue, 21 Dec 2021CA$169.1bCA$62.4bCA$2.7b22.8x63.1x2.7x
Thu, 18 Nov 2021CA$168.2bCA$62.0bCA$2.7b20.7x62.4x2.7x
Sat, 16 Oct 2021CA$168.4bCA$59.4bCA$1.5b20.1x113.9x2.8x
Price to Earnings Ratio

113.9x


Total Market Cap: CA$168.4bTotal Earnings: CA$1.5bTotal Revenue: CA$59.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 30.9x202220232024
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 23.5x which is lower than its 3-year average PE of 31.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 67% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market-0.25%
Utilities-4.27%
Water Utilities20.00%
Gas Utilities0.45%
Other Utilities-2.68%
Renewable Energy-4.66%
Electric Utilities-5.17%
Industry PE
  • Investors are most optimistic about the Water Utilities industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 4.8% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 24% 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
ALA AltaGasCA$33.991.3%
+CA$131.0m
27.0%PE23.6x
CPX Capital PowerCA$50.670.9%
+CA$58.7m
31.3%PE10.8x
RNW TransAlta RenewablesCA$12.340.4%
+CA$13.3m
-9.1%PE42.2x
WEB Westbridge Renewable EnergyCA$0.864.9%
+CA$4.1m
32.3%PE2.7x
EVGN EverGen InfrastructureCA$2.155.9%
+CA$1.7m
-19.2%PS2.5x
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Latest News

REVV

CA$0.30

ReVolve Renewable Power

7D

7.1%

1Y

7.1%

H

CA$43.90

Hydro One

7D

-6.2%

1Y

23.4%

ALA

CA$33.99

AltaGas

7D

1.3%

1Y

27.0%

BEPC

CA$41.72

Brookfield Renewable

7D

-5.6%

1Y

28.8%

INE

CA$9.77

Innergex Renewable Energy

7D

-8.5%

1Y

-0.9%

CPX

CA$50.67

Capital Power

7D

0.9%

1Y

31.3%

EVGN

CA$2.15

EverGen Infrastructure

7D

5.9%

1Y

-19.2%

WATR

CA$0.03

Current Water Technologies

7D

20.0%

1Y

20.0%

MXG

CA$3.84

Maxim Power

7D

0.8%

1Y

-10.7%

WEB

CA$0.86

Westbridge Renewable Energy

7D

4.9%

1Y

32.3%

RNW

CA$12.34

TransAlta Renewables

7D

0.4%

1Y

-9.1%