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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 09 Oct 2024 | CA$159.5b | CA$80.9b | CA$6.9b | 18.8x | 23.1x | 2x |
| Fri, 06 Sep 2024 | CA$156.6b | CA$80.7b | CA$6.9b | 19.3x | 22.7x | 1.9x |
| Sun, 04 Aug 2024 | CA$154.0b | CA$81.1b | CA$6.0b | 15.6x | 25.6x | 1.9x |
| Tue, 02 Jul 2024 | CA$145.1b | CA$80.1b | CA$7.2b | 13.8x | 20.1x | 1.8x |
| Thu, 30 May 2024 | CA$149.4b | CA$80.1b | CA$7.2b | 14.2x | 20.7x | 1.9x |
| Sat, 27 Apr 2024 | CA$136.9b | CA$80.9b | CA$6.3b | 13.9x | 21.8x | 1.7x |
| Mon, 25 Mar 2024 | CA$141.2b | CA$80.8b | CA$6.3b | 13.8x | 22.5x | 1.7x |
| Wed, 21 Feb 2024 | CA$140.9b | CA$82.2b | CA$6.2b | 14.3x | 22.6x | 1.7x |
| Fri, 19 Jan 2024 | CA$146.7b | CA$85.5b | CA$8.7b | 14.5x | 16.8x | 1.7x |
| Sun, 17 Dec 2023 | CA$150.7b | CA$85.3b | CA$8.7b | 14.6x | 17.3x | 1.8x |
| Tue, 14 Nov 2023 | CA$140.3b | CA$85.9b | CA$8.9b | 14x | 15.9x | 1.6x |
| Thu, 12 Oct 2023 | CA$141.1b | CA$85.1b | CA$6.8b | 14.2x | 20.8x | 1.7x |
| Sat, 09 Sep 2023 | CA$145.0b | CA$85.2b | CA$6.8b | 14.8x | 21.4x | 1.7x |
| Mon, 07 Aug 2023 | CA$148.6b | CA$84.9b | CA$7.1b | 14.1x | 20.8x | 1.8x |
| Wed, 05 Jul 2023 | CA$156.9b | CA$85.2b | CA$7.9b | 14.5x | 19.8x | 1.8x |
| Fri, 02 Jun 2023 | CA$160.7b | CA$85.5b | CA$8.0b | 14.5x | 20.2x | 1.9x |
| Sun, 30 Apr 2023 | CA$165.4b | CA$83.0b | CA$7.3b | 16.2x | 22.5x | 2x |
| Tue, 28 Mar 2023 | CA$159.0b | CA$82.9b | CA$7.2b | 16.1x | 22.2x | 1.9x |
| Thu, 23 Feb 2023 | CA$152.5b | CA$80.6b | CA$7.1b | 17.8x | 21.6x | 1.9x |
| Sat, 21 Jan 2023 | CA$157.1b | CA$79.2b | CA$6.0b | 18x | 26.3x | 2x |
| Mon, 19 Dec 2022 | CA$154.8b | CA$79.6b | CA$6.0b | 17.5x | 25.8x | 1.9x |
| Wed, 16 Nov 2022 | CA$153.5b | CA$78.9b | CA$6.6b | 18.5x | 23.3x | 1.9x |
| Fri, 14 Oct 2022 | CA$150.1b | CA$76.0b | CA$5.9b | 20.3x | 25.5x | 2x |
| Sun, 11 Sep 2022 | CA$182.1b | CA$75.1b | CA$5.8b | 22.3x | 31.3x | 2.4x |
| Tue, 09 Aug 2022 | CA$184.2b | CA$73.8b | CA$5.9b | 26.7x | 31.3x | 2.5x |
| Thu, 07 Jul 2022 | CA$173.0b | CA$68.5b | CA$4.2b | 26.7x | 41.5x | 2.5x |
| Sat, 04 Jun 2022 | CA$177.3b | CA$68.0b | CA$4.2b | 27.7x | 42.6x | 2.6x |
| Mon, 02 May 2022 | CA$175.2b | CA$66.3b | CA$4.5b | 25.2x | 39x | 2.6x |
| Wed, 30 Mar 2022 | CA$177.1b | CA$64.8b | CA$4.3b | 31.1x | 40.9x | 2.7x |
| Fri, 25 Feb 2022 | CA$164.8b | CA$62.8b | CA$4.8b | 19.4x | 34.7x | 2.6x |
| Sun, 23 Jan 2022 | CA$161.2b | CA$62.0b | CA$2.7b | 21.9x | 59.9x | 2.6x |
| Tue, 21 Dec 2021 | CA$169.1b | CA$62.4b | CA$2.7b | 22.8x | 63.1x | 2.7x |
| Thu, 18 Nov 2021 | CA$168.2b | CA$62.0b | CA$2.7b | 20.7x | 62.4x | 2.7x |
| Sat, 16 Oct 2021 | CA$168.4b | CA$59.4b | CA$1.5b | 20.1x | 113.9x | 2.8x |
Price to Earnings Ratio
113.9x
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 Utilities | 20.00% | |
| Gas Utilities | 0.45% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ALA AltaGas | CA$33.99 | 1.3% +CA$131.0m | 27.0% | PE23.6x | |
| CPX Capital Power | CA$50.67 | 0.9% +CA$58.7m | 31.3% | PE10.8x | |
| RNW TransAlta Renewables | CA$12.34 | 0.4% +CA$13.3m | -9.1% | PE42.2x | |
| WEB Westbridge Renewable Energy | CA$0.86 | 4.9% +CA$4.1m | 32.3% | PE2.7x | |
| EVGN EverGen Infrastructure | CA$2.15 | 5.9% +CA$1.7m | -19.2% | PS2.5x |
