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Canadian (TSX) Market Analysis & Valuation

UpdatedAug 05, 2024
DataAggregated Company Financials
Companies2409
  • 7D-2.5%
  • 3M0.2%
  • 1Y9.5%
  • YTD7.4%

Over the last 7 days, the market has dropped 2.5%, driven by a loss of 2.8% in the Financials sector. In contrast to the last week, the market is actually up 9.5% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Aug 2024CA$3.6tCA$2.1tCA$167.2b13.8x21.4x1.7x
Wed, 03 Jul 2024CA$3.5tCA$2.1tCA$166.4b14x21.2x1.7x
Fri, 31 May 2024CA$3.6tCA$2.1tCA$166.7b14.2x21.5x1.8x
Sun, 28 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.4x1.7x
Tue, 26 Mar 2024CA$3.5tCA$2.0tCA$173.4b13.6x20.2x1.7x
Thu, 22 Feb 2024CA$3.4tCA$2.1tCA$175.0b13.6x19.5x1.6x
Sat, 20 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.4x1.6x
Mon, 18 Dec 2023CA$3.3tCA$2.1tCA$172.9b12.4x19.1x1.6x
Wed, 15 Nov 2023CA$3.2tCA$2.1tCA$179.5b11.9x17.7x1.5x
Fri, 13 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.2x1.5x
Sun, 10 Sep 2023CA$3.2tCA$2.1tCA$184.9b11.7x17.5x1.5x
Tue, 08 Aug 2023CA$3.3tCA$2.1tCA$184.4b11.7x17.8x1.6x
Thu, 06 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16.2x1.5x
Sat, 03 Jun 2023CA$3.2tCA$2.1tCA$200.0b11.1x16.2x1.5x
Mon, 01 May 2023CA$3.4tCA$2.1tCA$214.6b11.2x15.7x1.6x
Wed, 29 Mar 2023CA$3.2tCA$2.1tCA$219.2b10.5x14.8x1.5x
Fri, 24 Feb 2023CA$3.3tCA$2.1tCA$235.0b11x14.1x1.6x
Sun, 22 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.7x13.7x1.6x
Tue, 20 Dec 2022CA$3.2tCA$2.1tCA$243.4b10.3x13x1.5x
Thu, 17 Nov 2022CA$3.3tCA$2.0tCA$238.4b10.3x13.8x1.6x
Sat, 15 Oct 2022CA$3.1tCA$2.1tCA$241.6b9.5x12.9x1.5x
Mon, 12 Sep 2022CA$3.4tCA$2.1tCA$239.0b10.6x14x1.6x
Wed, 10 Aug 2022CA$3.3tCA$2.0tCA$240.0b10.2x13.6x1.6x
Fri, 08 Jul 2022CA$3.2tCA$2.0tCA$231.5b10.6x13.7x1.6x
Sun, 05 Jun 2022CA$3.4tCA$1.9tCA$227.3b11.8x15.1x1.8x
Tue, 03 May 2022CA$3.5tCA$1.9tCA$218.7b11.9x15.9x1.8x
Thu, 31 Mar 2022CA$3.7tCA$1.9tCA$212.1b13x17.5x2x
Sat, 26 Feb 2022CA$3.5tCA$1.8tCA$199.8b12.8x17.5x1.9x
Mon, 24 Jan 2022CA$3.4tCA$1.8tCA$188.6b12.8x18.2x1.9x
Wed, 22 Dec 2021CA$3.4tCA$1.8tCA$189.7b12.4x18x1.9x
Fri, 19 Nov 2021CA$3.5tCA$1.8tCA$188.7b13x18.7x2x
Sun, 17 Oct 2021CA$3.4tCA$1.7tCA$169.1b13.4x20.3x2x
Tue, 14 Sep 2021CA$3.3tCA$1.7tCA$167.9b12.8x19.9x2x
Thu, 12 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.8x19.7x2x
Price to Earnings Ratio

19.7x


Total Market Cap: CA$3.3tTotal Earnings: CA$167.5bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.1x202220232024
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 21.4x which is higher than its 3-year average PE of 17.1x.
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-2.48%
Telecom2.93%
Utilities1.60%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.98%
Consumer Discretionary-1.28%
Real Estate-1.51%
Materials-2.80%
Industrials-2.83%
Financials-2.84%
Energy-2.91%
Healthcare-4.22%
Tech-6.45%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 162x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.3% which is higher than its past year's earnings decline of 6.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings growth rate of 40% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.5% 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
ENB EnbridgeCA$52.613.5%
+CA$3.9b		9.4%PE20.7xEnergy
T TELUSCA$23.044.7%
+CA$1.5b		0.3%PE43.8xTelecom
BCE BCECA$47.603.3%
+CA$1.4b		-15.4%PE22.1xTelecom
TRP TC EnergyCA$59.292.2%
+CA$1.3b		23.0%PE17.9xEnergy
FTS FortisCA$59.013.7%
+CA$1.1b		9.8%PE18.7xUtilities
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This week we are wrapping up the series with a look at the industries and end-markets that buy all those chips and the underlying causes of industry earnings cycles...

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T

CA$23.04

TELUS

7D

4.7%

1Y

0.3%

CVE

CA$24.80

Cenovus Energy

7D

-8.3%

1Y

-2.7%

BCE

CA$47.60

BCE

7D

3.3%

1Y

-15.4%

ENB

CA$52.61

Enbridge

7D

3.5%

1Y

9.4%

TRP

CA$59.29

TC Energy

7D

2.2%

1Y

23.0%

H

CA$43.66

Hydro One

7D

3.2%

1Y

20.6%

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FTS

CA$59.01

Fortis

7D

3.7%

1Y

9.8%

GFL

CA$55.49

GFL Environmental

7D

4.9%

1Y

25.6%

CCO

CA$52.73

Cameco

7D

-14.7%

1Y

17.6%

CP

CA$109.26

Canadian Pacific Kansas City

7D

-4.2%

1Y

1.0%

SU

CA$50.93

Suncor Energy

7D

-4.0%

1Y

24.0%

BMO

CA$112.02

Bank of Montreal

7D

-7.3%

1Y

-6.2%

QSP.UN

CA$97.35

Restaurant Brands International Limited Partnership

7D

3.0%

1Y

-0.9%

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RY

CA$148.96

Royal Bank of Canada

7D

-2.4%

1Y

16.1%

CSU

CA$4,049.73

Constellation Software

7D

-6.9%

1Y

50.6%

BN

CA$62.87

Brookfield

7D

-4.5%

1Y

42.2%