Canadian (TSX) Gas Utilities Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 30 Dec 2024	CA$11.4b	CA$16.1b	CA$505.1m	42.1x	22.6x	0.7x
Wed, 27 Nov 2024	CA$11.7b	CA$16.0b	CA$505.6m	44.5x	23.2x	0.7x
Fri, 25 Oct 2024	CA$11.9b	CA$16.2b	CA$421.6m	23.6x	28.2x	0.7x
Sun, 22 Sep 2024	CA$11.7b	CA$16.1b	CA$421.6m	22.7x	27.8x	0.7x
Tue, 20 Aug 2024	CA$12.0b	CA$16.1b	CA$425.5m	14x	28.2x	0.7x
Thu, 18 Jul 2024	CA$11.3b	CA$16.1b	CA$628.0m	15.2x	18x	0.7x
Sat, 15 Jun 2024	CA$11.4b	CA$16.1b	CA$628.1m	14.9x	18.2x	0.7x
Mon, 13 May 2024	CA$11.5b	CA$16.0b	CA$653.0m	15x	17.6x	0.7x
Wed, 10 Apr 2024	CA$11.1b	CA$16.4b	CA$694.0m	13.4x	16x	0.7x
Fri, 08 Mar 2024	CA$11.3b	CA$17.0b	CA$635.0m	15x	17.7x	0.7x
Sun, 04 Feb 2024	CA$10.6b	CA$17.1b	CA$620.4m	14.1x	17x	0.6x
Tue, 02 Jan 2024	CA$10.3b	CA$17.1b	CA$620.3m	13.5x	16.6x	0.6x
Thu, 30 Nov 2023	CA$10.1b	CA$17.1b	CA$619.3m	13.1x	16.3x	0.6x
Sat, 28 Oct 2023	CA$9.4b	CA$17.1b	CA$521.5m	7.5x	18x	0.5x
Mon, 25 Sep 2023	CA$10.3b	CA$17.1b	CA$521.4m	8.2x	19.8x	0.6x
Wed, 23 Aug 2023	CA$9.9b	CA$17.1b	CA$519.1m	10.8x	19x	0.6x
Fri, 21 Jul 2023	CA$9.5b	CA$17.8b	CA$378.5m	12.4x	25x	0.5x
Sun, 18 Jun 2023	CA$9.2b	CA$17.8b	CA$378.5m	11.3x	24.4x	0.5x
Tue, 16 May 2023	CA$8.8b	CA$17.8b	CA$379.3m	9.8x	23.3x	0.5x
Thu, 13 Apr 2023	CA$8.7b	CA$17.5b	CA$285.6m	12.1x	30.4x	0.5x
Sat, 11 Mar 2023	CA$8.9b	CA$17.5b	CA$285.7m	11.7x	31.1x	0.5x
Mon, 06 Feb 2023	CA$9.1b	CA$16.5b	CA$36.8m	22.1x	247.2x	0.6x
Wed, 04 Jan 2023	CA$8.9b	CA$16.5b	CA$36.8m	21.3x	242.9x	0.5x
Fri, 02 Dec 2022	CA$8.5b	CA$16.5b	CA$36.7m	19.5x	231.8x	0.5x
Sun, 30 Oct 2022	CA$9.2b	CA$16.4b	CA$338.7m	23.1x	27.1x	0.6x
Tue, 27 Sep 2022	CA$9.8b	CA$15.7b	CA$294.8m	29.4x	33.1x	0.6x
Thu, 25 Aug 2022	CA$10.7b	CA$15.7b	CA$296.9m	32x	36.1x	0.7x
Sat, 23 Jul 2022	CA$10.0b	CA$14.2b	CA$307.1m	30.8x	32.6x	0.7x
Mon, 20 Jun 2022	CA$9.3b	CA$14.2b	CA$307.3m	28.3x	30.4x	0.7x
Wed, 18 May 2022	CA$10.6b	CA$14.2b	CA$305.1m	33x	34.9x	0.8x
Fri, 15 Apr 2022	CA$11.0b	CA$13.0b	CA$231.0m	20.4x	47.6x	0.8x
Sun, 13 Mar 2022	CA$10.1b	CA$13.0b	CA$231.1m	19.3x	43.9x	0.8x
Tue, 08 Feb 2022	CA$9.9b	CA$11.9b	CA$523.9m	17.5x	18.9x	0.8x
Thu, 06 Jan 2022	CA$9.9b	CA$11.9b	CA$523.9m	17.1x	18.8x	0.8x

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 22.8x which is lower than its 3-year average PE of 45.3x.

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 Market	0.87%
Utilities	0.79%
Gas Utilities	1.35%
Gas Utilities	1.35%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Company	Last Price	7D	1Y	Valuation
ALA AltaGas	CA$33.20	0.3% +CA$29.8m	19.3%	PE20.3x
SPB Superior Plus	CA$6.27	1.1% +CA$8.8m	-34.9%	PE64x
EVGN EverGen Infrastructure	CA$1.31	0.8% +CA$140.2k	-47.6%	PS1.4x

Company

Last Price

Valuation

ALA AltaGas

CA$33.20

0.3%
+CA$29.8m

19.3%

PE20.3x

SPB Superior Plus

CA$6.27

1.1%
+CA$8.8m

-34.9%