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Canadian (TSX) Market Analysis & Valuation

UpdatedJun 12, 2024
DataAggregated Company Financials
Companies2455
  • 7D-0.6%
  • 3M0.8%
  • 1Y9.7%
  • YTD6.0%

The market has stayed flat over the 7 days. More promisingly, the market is up 9.7% over the past year. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Jun 2024CA$3.6tCA$2.1tCA$167.4b14.4x21.3x1.7x
Fri, 10 May 2024CA$3.6tCA$2.1tCA$171.1b14.2x21x1.8x
Sun, 07 Apr 2024CA$3.6tCA$2.0tCA$174.3b14.1x20.5x1.7x
Tue, 05 Mar 2024CA$3.4tCA$2.1tCA$176.7b13.7x19.5x1.7x
Thu, 01 Feb 2024CA$3.4tCA$2.1tCA$173.8b12.9x19.7x1.6x
Sat, 30 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.3x19.5x1.6x
Mon, 27 Nov 2023CA$3.2tCA$2.1tCA$179.1b11.8x18x1.5x
Wed, 25 Oct 2023CA$3.1tCA$2.1tCA$185.2b11x16.7x1.5x
Fri, 22 Sep 2023CA$3.2tCA$2.1tCA$184.4b11.8x17.4x1.5x
Sun, 20 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.5x17.3x1.5x
Tue, 18 Jul 2023CA$3.3tCA$2.1tCA$199.8b11.3x16.3x1.5x
Thu, 15 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.1x16.2x1.5x
Sat, 13 May 2023CA$3.3tCA$2.1tCA$207.0b11.1x15.9x1.5x
Mon, 10 Apr 2023CA$3.3tCA$2.1tCA$217.9b10.6x15.2x1.6x
Wed, 08 Mar 2023CA$3.3tCA$2.1tCA$221.6b10.9x15.1x1.6x
Fri, 03 Feb 2023CA$3.4tCA$2.1tCA$246.4b11.2x13.8x1.6x
Sun, 01 Jan 2023CA$3.2tCA$2.1tCA$245.8b10.6x13.1x1.5x
Tue, 29 Nov 2022CA$3.3tCA$2.1tCA$239.6b10.6x13.9x1.6x
Thu, 27 Oct 2022CA$3.2tCA$2.0tCA$236.0b10x13.4x1.6x
Sat, 24 Sep 2022CA$3.1tCA$2.1tCA$240.4b9.5x13x1.5x
Mon, 22 Aug 2022CA$3.4tCA$2.0tCA$237.1b10.5x14.1x1.7x
Wed, 20 Jul 2022CA$3.1tCA$2.0tCA$231.4b10x13.3x1.6x
Fri, 17 Jun 2022CA$3.2tCA$2.0tCA$231.4b10.7x13.8x1.6x
Sun, 15 May 2022CA$3.4tCA$1.9tCA$227.4b11.4x14.8x1.7x
Tue, 12 Apr 2022CA$3.7tCA$1.9tCA$212.3b12.8x17.2x2x
Thu, 10 Mar 2022CA$3.6tCA$1.9tCA$214.1b13x16.9x1.9x
Sat, 05 Feb 2022CA$3.5tCA$1.8tCA$195.2b13.1x18.1x2x
Mon, 03 Jan 2022CA$3.5tCA$1.8tCA$188.9b12.7x18.4x2x
Wed, 01 Dec 2021CA$3.4tCA$1.8tCA$189.2b12.2x18.2x1.9x
Fri, 29 Oct 2021CA$3.4tCA$1.7tCA$169.9b13.6x20.3x2.1x
Sun, 26 Sep 2021CA$3.3tCA$1.7tCA$168.6b12.6x19.7x2x
Tue, 24 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.8x19.6x2x
Wed, 30 Jun 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$161.3bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17x202220232024
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.3x which is higher than its 3-year average PE of 17.0x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.3% 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.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.63%
Tech0.82%
Energy0.44%
Industrials0.22%
Healthcare0.16%
Utilities-0.76%
Materials-0.78%
Consumer Staples-1.08%
Real Estate-1.16%
Consumer Discretionary-1.25%
Financials-1.46%
Telecom-2.15%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 146x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.1% which is higher than its past year's earnings decline of 16.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings growth rate of 62% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
SU Suncor EnergyCA$52.401.8%
+CA$1.2b		31.0%PE8.6xEnergy
TFII TFI InternationalCA$194.835.9%
+CA$897.7m		39.7%PE24.6xIndustrials
SAP SaputoCA$29.816.4%
+CA$764.5m		-5.8%PE47.7xConsumer Staples
TOU Tourmaline OilCA$67.233.0%
+CA$685.7m		12.0%PE13.7xEnergy
FM First Quantum MineralsCA$17.004.9%
+CA$653.4m		-44.2%PS1.7xMaterials
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Market Insights

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Richard Bowman
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Last week, we looked at the themes playing out in global equity markets. The healthcare sector emerged as a bit of an anomaly. While the sector has lagged...

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NTR

CA$73.19

Nutrien

7D

-6.4%

1Y

-9.0%

SAP

CA$29.81

Saputo

7D

6.4%

1Y

-5.8%

Saputo (TSE:SAP) Has Announced A Dividend Of CA$0.185

Jun 11
Saputo (TSE:SAP) Has Announced A Dividend Of CA$0.185

IMO

CA$90.29

Imperial Oil

7D

1.3%

1Y

35.2%

Does Imperial Oil (TSE:IMO) Have A Healthy Balance Sheet?

Jun 11
Does Imperial Oil (TSE:IMO) Have A Healthy Balance Sheet?

RY

CA$144.89

Royal Bank of Canada

7D

-1.4%

1Y

16.1%

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

Jun 11
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

CCO

CA$69.87

Cameco

7D

-4.7%

1Y

66.2%

BN

CA$56.59

Brookfield

7D

-2.9%

1Y

30.1%

PPL

CA$51.09

Pembina Pipeline

7D

1.8%

1Y

21.9%

ATD

CA$77.10

Alimentation Couche-Tard

7D

-3.2%

1Y

18.9%

TOU

CA$67.23

Tourmaline Oil

7D

3.0%

1Y

12.0%

FM

CA$17.00

First Quantum Minerals

7D

4.9%

1Y

-44.2%

TRP

CA$53.30

TC Energy

7D

1.0%

1Y

-2.1%

CM

CA$66.08

Canadian Imperial Bank of Commerce

7D

-2.3%

1Y

15.4%

TFII

CA$194.83

TFI International

7D

5.9%

1Y

39.7%

Returns On Capital At TFI International (TSE:TFII) Have Stalled

Jun 03
Returns On Capital At TFI International (TSE:TFII) Have Stalled

BMO

CA$114.89

Bank of Montreal

7D

-4.1%

1Y

-2.8%

Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.55

Jun 01
Bank of Montreal (TSE:BMO) Is Increasing Its Dividend To CA$1.55

CNR

CA$169.48

Canadian National Railway

7D

-1.2%

1Y

10.6%

SU

CA$52.40

Suncor Energy

7D

1.8%

1Y

31.0%