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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies4
  • 7D2.5%
  • 3M-0.8%
  • 1Y8.8%
  • YTD10.0%

In the last week, the Gas Utilities industry is up 3.3%, with AltaGas up 3.4%. This means that the industry has gained 11% over the past year. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Canadian Gas Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024CA$11.9bCA$15.9bCA$504.8m43.9x23.6x0.7x
Sat, 19 Oct 2024CA$12.4bCA$16.2bCA$421.6m24.8x29.5x0.8x
Mon, 16 Sep 2024CA$12.5bCA$16.1bCA$421.6m24.6x29.7x0.8x
Wed, 14 Aug 2024CA$11.8bCA$16.2bCA$453.1m23.1x26.1x0.7x
Fri, 12 Jul 2024CA$11.3bCA$16.0bCA$627.9m15.2x18x0.7x
Sun, 09 Jun 2024CA$11.6bCA$16.1bCA$628.2m15.3x18.4x0.7x
Tue, 07 May 2024CA$11.3bCA$16.0bCA$653.0m14.8x17.4x0.7x
Thu, 04 Apr 2024CA$11.1bCA$16.4bCA$694.0m13.5x16x0.7x
Sat, 02 Mar 2024CA$11.0bCA$17.1bCA$635.0m14.9x17.3x0.6x
Mon, 29 Jan 2024CA$10.8bCA$17.1bCA$620.4m14.4x17.4x0.6x
Wed, 27 Dec 2023CA$10.2bCA$17.1bCA$620.3m13.3x16.5x0.6x
Fri, 24 Nov 2023CA$10.4bCA$17.1bCA$619.3m13.4x16.8x0.6x
Sun, 22 Oct 2023CA$9.6bCA$17.1bCA$521.5m7.7x18.4x0.6x
Tue, 19 Sep 2023CA$10.4bCA$17.1bCA$521.4m8.1x20x0.6x
Thu, 17 Aug 2023CA$9.9bCA$17.1bCA$519.1m11x19.1x0.6x
Sat, 15 Jul 2023CA$9.3bCA$17.8bCA$378.5m12.2x24.6x0.5x
Mon, 12 Jun 2023CA$9.5bCA$17.8bCA$378.5m12.2x25.1x0.5x
Wed, 10 May 2023CA$8.6bCA$17.7bCA$373.7m9.8x23.1x0.5x
Fri, 07 Apr 2023CA$8.6bCA$17.5bCA$285.6m11.8x30.1x0.5x
Sun, 05 Mar 2023CA$9.1bCA$17.5bCA$285.6m11.8x31.8x0.5x
Tue, 31 Jan 2023CA$9.3bCA$16.5bCA$36.8m22.4x252.2x0.6x
Thu, 29 Dec 2022CA$8.8bCA$16.5bCA$36.8m20.8x240x0.5x
Sat, 26 Nov 2022CA$8.5bCA$16.5bCA$38.1m18.7x223.7x0.5x
Mon, 24 Oct 2022CA$9.0bCA$15.7bCA$294.7m26.6x30.6x0.6x
Wed, 21 Sep 2022CA$10.3bCA$15.7bCA$294.7m30.8x34.8x0.7x
Fri, 19 Aug 2022CA$10.6bCA$15.7bCA$297.3m31.5x35.6x0.7x
Sun, 17 Jul 2022CA$10.1bCA$14.2bCA$307.2m31x32.8x0.7x
Tue, 14 Jun 2022CA$10.5bCA$14.2bCA$307.1m32.3x34.1x0.7x
Thu, 12 May 2022CA$10.4bCA$13.8bCA$247.8m18.9x42x0.8x
Sat, 09 Apr 2022CA$10.8bCA$13.0bCA$231.0m20.3x46.9x0.8x
Mon, 07 Mar 2022CA$10.0bCA$13.0bCA$231.1m19.3x43.1x0.8x
Wed, 02 Feb 2022CA$9.8bCA$11.9bCA$523.9m17.2x18.8x0.8x
Fri, 31 Dec 2021CA$9.9bCA$11.9bCA$524.0m17.5x19x0.8x
Sun, 28 Nov 2021CA$9.4bCA$11.9bCA$526.6m16x17.9x0.8x
Price to Earnings Ratio

17.9x


Total Market Cap: CA$9.4bTotal Earnings: CA$526.6mTotal Revenue: CA$11.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 45.1x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Gas 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 45.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 10% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Canadian Utilities industry?

CA Market0.67%
Utilities1.70%
Gas Utilities2.55%
Gas Utilities2.55%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ALA AltaGasCA$34.663.4%
+CA$342.5m		24.6%PE21.2x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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