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Canadian (TSX) Utilities Sector Analysis

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies28
  • 7D-2.0%
  • 3M-2.5%
  • 1Y7.3%
  • YTD6.1%

Over the last 7 days, the Utilities industry has dropped 2.0%, driven by a pullback from Brookfield Renewable of 5.3%. In contrast, TransAlta has gained 7.1%. In the past year, the industry has gained 7.3%. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$157.5bCA$82.1bCA$3.5b20.3x45.1x1.9x
Mon, 18 Nov 2024CA$161.2bCA$81.7bCA$3.5b20.6x45.7x2x
Wed, 16 Oct 2024CA$162.2bCA$81.1bCA$6.9b19.5x23.4x2x
Fri, 13 Sep 2024CA$159.0bCA$80.8bCA$6.9b19.4x23x2x
Sun, 11 Aug 2024CA$153.2bCA$80.9bCA$6.7b17.5x22.9x1.9x
Tue, 09 Jul 2024CA$145.7bCA$80.0bCA$7.2b14x20.2x1.8x
Thu, 06 Jun 2024CA$151.1bCA$80.1bCA$7.2b14.8x20.9x1.9x
Sat, 04 May 2024CA$142.8bCA$80.1bCA$6.0b14.1x24x1.8x
Mon, 01 Apr 2024CA$140.9bCA$80.7bCA$6.3b14x22.4x1.7x
Wed, 28 Feb 2024CA$138.6bCA$81.6bCA$5.5b14.4x25.2x1.7x
Fri, 26 Jan 2024CA$147.1bCA$85.4bCA$8.7b14.4x16.8x1.7x
Sun, 24 Dec 2023CA$148.1bCA$85.2bCA$8.7b14.5x17x1.7x
Tue, 21 Nov 2023CA$146.3bCA$85.7bCA$8.8b14.7x16.7x1.7x
Thu, 19 Oct 2023CA$135.2bCA$85.2bCA$6.8b13.7x19.9x1.6x
Sat, 16 Sep 2023CA$147.4bCA$85.0bCA$6.8b14.8x21.8x1.7x
Mon, 14 Aug 2023CA$149.4bCA$84.9bCA$6.8b14.3x22.1x1.8x
Wed, 12 Jul 2023CA$152.5bCA$85.2bCA$7.9b14.5x19.2x1.8x
Fri, 09 Jun 2023CA$162.4bCA$85.3bCA$7.9b14.9x20.4x1.9x
Sun, 07 May 2023CA$167.1bCA$84.9bCA$7.6b16.4x21.8x2x
Tue, 04 Apr 2023CA$161.0bCA$82.7bCA$7.1b16.1x22.5x1.9x
Thu, 02 Mar 2023CA$148.6bCA$81.5bCA$7.3b16.8x20.4x1.8x
Sat, 28 Jan 2023CA$155.7bCA$79.2bCA$6.0b17.7x26.1x2x
Mon, 26 Dec 2022CA$151.6bCA$79.5bCA$6.0b17.4x25.3x1.9x
Wed, 23 Nov 2022CA$154.6bCA$79.0bCA$6.6b18.7x23.4x2x
Fri, 21 Oct 2022CA$150.6bCA$75.9bCA$5.9b20.1x25.6x2x
Sun, 18 Sep 2022CA$181.0bCA$75.4bCA$5.8b21.7x31x2.4x
Tue, 16 Aug 2022CA$185.2bCA$74.8bCA$5.9b23.1x31.5x2.5x
Thu, 14 Jul 2022CA$174.9bCA$68.4bCA$4.2b27.2x42x2.6x
Sat, 11 Jun 2022CA$177.6bCA$68.2bCA$4.2b27.3x42.7x2.6x
Mon, 09 May 2022CA$175.5bCA$67.3bCA$3.6b28.7x48.7x2.6x
Wed, 06 Apr 2022CA$180.7bCA$64.7bCA$4.3b31.6x41.9x2.8x
Fri, 04 Mar 2022CA$170.2bCA$63.3bCA$4.9b19.8x34.8x2.7x
Sun, 30 Jan 2022CA$164.0bCA$62.2bCA$2.7b22.7x61.2x2.6x
Tue, 28 Dec 2021CA$170.1bCA$62.2bCA$2.7b22.6x63.3x2.7x
Price to Earnings Ratio

63.3x


Total Market Cap: CA$170.1bTotal Earnings: CA$2.7bTotal Revenue: CA$62.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 27.9x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 45.4x which is higher than its 3-year average PE of 27.9x.
  • 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 9.1% per year over the last three years.
  • Revenues for these companies have grown 9.7% 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 Market-3.68%
Utilities-2.01%
Gas Utilities-1.33%
Electric Utilities-1.68%
Renewable Energy-2.11%
Other Utilities-3.23%
Water Utilities-18.72%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 45.3x.
    • Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings decline of 28.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 45% 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 8.1% 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
TA TransAltaCA$19.894.2%
+CA$238.7m		81.0%PE37.6x
CPX Capital PowerCA$63.150.9%
+CA$73.4m		67.4%PE15.9x
BLX BoralexCA$29.210.8%
+CA$22.6m		-12.2%PE33.7x
RNW TransAlta RenewablesCA$12.340.4%
+CA$13.3m		-9.1%PE42.2x
CUP.U Caribbean Utilities CompanyUS$14.241.6%
+US$9.7m		31.9%PE15.2x
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Latest News

TA

CA$19.89

TransAlta

7D

4.2%

1Y

81.0%

SPB

CA$6.41

Superior Plus

7D

1.3%

1Y

-35.1%

CPX

CA$63.15

Capital Power

7D

0.9%

1Y

67.4%

NPI

CA$18.09

Northland Power

7D

-2.5%

1Y

-25.2%

FTS

CA$60.01

Fortis

7D

-0.4%

1Y

11.2%

Returns On Capital At Fortis (TSE:FTS) Have Stalled

Dec 16
Returns On Capital At Fortis (TSE:FTS) Have Stalled

ACO.X

CA$47.25

ATCO

7D

-1.5%

1Y

25.6%

BEPC

CA$40.63

Brookfield Renewable

7D

-4.0%

1Y

5.2%

With Brookfield Renewable Corporation (TSE:BEPC) It Looks Like You'll Get What You Pay For

Dec 05
With Brookfield Renewable Corporation (TSE:BEPC) It Looks Like You'll Get What You Pay For

H

CA$44.21

Hydro One

7D

-0.5%

1Y

13.2%

ALA

CA$32.57

AltaGas

7D

-0.8%

1Y

18.8%

AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975

Dec 03
AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975

EMA

CA$53.65

Emera

7D

-1.8%

1Y

8.5%

Emera Incorporated's (TSE:EMA) Earnings Haven't Escaped The Attention Of Investors

Dec 01
Emera Incorporated's (TSE:EMA) Earnings Haven't Escaped The Attention Of Investors

CUP.U

US$14.24

Caribbean Utilities Company

7D

1.6%

1Y

31.9%

PIF

CA$13.00

Polaris Renewable Energy

7D

0.9%

1Y

-1.4%

BLX

CA$29.21

Boralex

7D

0.8%

1Y

-12.2%

CU

CA$34.47

Canadian Utilities

7D

-2.7%

1Y

9.5%

WEB

CA$0.80

Westbridge Renewable Energy

7D

1.3%

1Y

-27.3%

RNW

CA$12.34

TransAlta Renewables

7D

0.4%

1Y

-9.1%