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Aug 16
Canadian (TSX) Market Analysis & Valuation
UpdatedAug 17, 2024
DataAggregated Company Financials
Companies2401
- 7D3.2%
- 3M1.0%
- 1Y14.6%
- YTD10.3%
The market has climbed 3.2% over the last week, with theFinancials and Real Estate sectors leading the way. In the last year, the market has climbed 15%. Earnings are forecast to grow by 15% annually.
Market Valuation and Performance
Has the Canadian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Aug 2024 | CA$3.7t | CA$2.1t | CA$170.2b | 14.6x | 21.6x | 1.8x |
| Mon, 15 Jul 2024 | CA$3.6t | CA$2.0t | CA$166.7b | 14x | 21.9x | 1.8x |
| Wed, 12 Jun 2024 | CA$3.6t | CA$2.1t | CA$167.4b | 14.4x | 21.3x | 1.7x |
| Fri, 10 May 2024 | CA$3.6t | CA$2.1t | CA$171.1b | 14.2x | 21x | 1.8x |
| Sun, 07 Apr 2024 | CA$3.6t | CA$2.0t | CA$174.3b | 14.1x | 20.5x | 1.7x |
| Tue, 05 Mar 2024 | CA$3.4t | CA$2.1t | CA$176.7b | 13.7x | 19.5x | 1.7x |
| Thu, 01 Feb 2024 | CA$3.4t | CA$2.1t | CA$173.8b | 12.9x | 19.7x | 1.6x |
| Sat, 30 Dec 2023 | CA$3.4t | CA$2.1t | CA$172.8b | 13.3x | 19.5x | 1.6x |
| Mon, 27 Nov 2023 | CA$3.2t | CA$2.1t | CA$179.1b | 11.8x | 18x | 1.5x |
| Wed, 25 Oct 2023 | CA$3.1t | CA$2.1t | CA$185.2b | 11x | 16.7x | 1.5x |
| Fri, 22 Sep 2023 | CA$3.2t | CA$2.1t | CA$184.4b | 11.8x | 17.4x | 1.5x |
| Sun, 20 Aug 2023 | CA$3.2t | CA$2.1t | CA$185.8b | 11.5x | 17.3x | 1.5x |
| Tue, 18 Jul 2023 | CA$3.3t | CA$2.1t | CA$199.8b | 11.3x | 16.3x | 1.5x |
| Thu, 15 Jun 2023 | CA$3.2t | CA$2.1t | CA$199.8b | 11.1x | 16.2x | 1.5x |
| Sat, 13 May 2023 | CA$3.3t | CA$2.1t | CA$207.0b | 11.1x | 15.9x | 1.5x |
| Mon, 10 Apr 2023 | CA$3.3t | CA$2.1t | CA$217.9b | 10.6x | 15.2x | 1.6x |
| Wed, 08 Mar 2023 | CA$3.3t | CA$2.1t | CA$221.6b | 10.9x | 15.1x | 1.6x |
| Fri, 03 Feb 2023 | CA$3.4t | CA$2.1t | CA$246.4b | 11.2x | 13.8x | 1.6x |
| Sun, 01 Jan 2023 | CA$3.2t | CA$2.1t | CA$245.8b | 10.6x | 13.1x | 1.5x |
| Tue, 29 Nov 2022 | CA$3.3t | CA$2.1t | CA$239.6b | 10.6x | 13.9x | 1.6x |
| Thu, 27 Oct 2022 | CA$3.2t | CA$2.0t | CA$236.0b | 10x | 13.4x | 1.6x |
| Sat, 24 Sep 2022 | CA$3.1t | CA$2.1t | CA$240.4b | 9.5x | 13x | 1.5x |
| Mon, 22 Aug 2022 | CA$3.4t | CA$2.0t | CA$237.1b | 10.5x | 14.1x | 1.7x |
| Wed, 20 Jul 2022 | CA$3.1t | CA$2.0t | CA$231.4b | 10x | 13.3x | 1.6x |
| Fri, 17 Jun 2022 | CA$3.2t | CA$2.0t | CA$231.4b | 10.7x | 13.8x | 1.6x |
| Sun, 15 May 2022 | CA$3.4t | CA$1.9t | CA$227.4b | 11.4x | 14.8x | 1.7x |
| Tue, 12 Apr 2022 | CA$3.7t | CA$1.9t | CA$212.3b | 12.8x | 17.2x | 2x |
| Thu, 10 Mar 2022 | CA$3.6t | CA$1.9t | CA$214.1b | 13x | 16.9x | 1.9x |
| Sat, 05 Feb 2022 | CA$3.5t | CA$1.8t | CA$195.2b | 13.1x | 18.1x | 2x |
| Mon, 03 Jan 2022 | CA$3.5t | CA$1.8t | CA$188.9b | 12.7x | 18.4x | 2x |
| Wed, 01 Dec 2021 | CA$3.4t | CA$1.8t | CA$189.2b | 12.2x | 18.2x | 1.9x |
| Fri, 29 Oct 2021 | CA$3.4t | CA$1.7t | CA$169.9b | 13.6x | 20.3x | 2.1x |
| Sun, 26 Sep 2021 | CA$3.3t | CA$1.7t | CA$168.6b | 12.6x | 19.7x | 2x |
| Tue, 24 Aug 2021 | CA$3.3t | CA$1.7t | CA$167.5b | 12.8x | 19.6x | 2x |
Price to Earnings Ratio
19.6x
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 21.6x which is higher than its 3-year average PE of 17.2x.
Past Earnings Growth
- The earnings for Canadian listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 7.7% 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 | 3.21% | |
| Materials | 6.71% | |
| Consumer Staples | 3.90% | |
| Tech | 3.40% | |
| Healthcare | 3.38% | |
| Energy | 3.28% | |
| Financials | 3.20% | |
| Consumer Discretionary | 3.11% | |
| Industrials | 1.84% | |
| Real Estate | 1.10% | |
| Utilities | 0.97% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Telecom | -1.71% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 166x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.6% which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 64% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| ABX Barrick Gold | CA$26.99 | 12.9% +CA$5.4b | 27.6% | PE22.9x | Materials | |
| RY Royal Bank of Canada | CA$153.20 | 2.2% +CA$4.8b | 26.1% | PB1.9x | Financials | |
| CNQ Canadian Natural Resources | CA$50.00 | 4.6% +CA$4.6b | 19.9% | PE13.8x | Energy | |
| TD Toronto-Dominion Bank | CA$80.71 | 3.0% +CA$4.1b | -3.8% | PB1.3x | Financials | |
| BMO Bank of Montreal | CA$117.02 | 4.5% +CA$3.7b | 3.3% | PB1.1x | Financials |
