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Canadian (TSX) Market Analysis & Valuation

UpdatedNov 15, 2024
DataAggregated Company Financials
Companies2350
  • 7D-0.5%
  • 3M6.4%
  • 1Y21.9%
  • YTD17.2%

In the last week, the market has been flat, with a notable exception in the Materials sector dropping 7.6%. More promisingly, the market is up 22% over the past year. As for the next few years, earnings are expected to grow by 17% 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
Fri, 15 Nov 2024CA$3.9tCA$2.1tCA$167.2b14.8x23.3x1.8x
Sun, 13 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Tue, 10 Sep 2024CA$3.7tCA$2.1tCA$167.4b14.9x22x1.8x
Thu, 08 Aug 2024CA$3.5tCA$2.1tCA$167.4b13.6x21.1x1.7x
Sat, 06 Jul 2024CA$3.6tCA$2.0tCA$166.4b13.9x21.5x1.7x
Mon, 03 Jun 2024CA$3.6tCA$2.0tCA$166.2b14.4x21.7x1.8x
Wed, 01 May 2024CA$3.5tCA$2.1tCA$173.3b13.9x20.2x1.7x
Fri, 29 Mar 2024CA$3.5tCA$2.0tCA$175.1b13.8x20.2x1.7x
Sun, 25 Feb 2024CA$3.4tCA$2.1tCA$173.8b14.1x19.8x1.7x
Tue, 23 Jan 2024CA$3.4tCA$2.1tCA$173.3b12.9x19.4x1.6x
Thu, 21 Dec 2023CA$3.3tCA$2.1tCA$173.0b13x19.4x1.6x
Sat, 18 Nov 2023CA$3.2tCA$2.1tCA$179.9b12x17.9x1.6x
Mon, 16 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.6x17.1x1.5x
Wed, 13 Sep 2023CA$3.3tCA$2.1tCA$184.7b11.8x17.7x1.5x
Fri, 11 Aug 2023CA$3.3tCA$2.1tCA$184.6b11.7x17.9x1.5x
Sun, 09 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16x1.5x
Tue, 06 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x16.2x1.5x
Thu, 04 May 2023CA$3.3tCA$2.1tCA$213.2b11x15.5x1.6x
Sat, 01 Apr 2023CA$3.3tCA$2.1tCA$216.9b10.5x15.2x1.6x
Mon, 27 Feb 2023CA$3.3tCA$2.1tCA$233.6b10.8x14.2x1.6x
Wed, 25 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.8x1.6x
Fri, 23 Dec 2022CA$3.2tCA$2.1tCA$246.0b10.3x12.9x1.5x
Sun, 20 Nov 2022CA$3.3tCA$2.0tCA$238.3b10.3x13.8x1.6x
Tue, 18 Oct 2022CA$3.1tCA$2.1tCA$241.6b9.5x12.9x1.5x
Thu, 15 Sep 2022CA$3.3tCA$2.1tCA$239.4b10.4x14x1.6x
Sat, 13 Aug 2022CA$3.4tCA$2.0tCA$236.2b10.7x14.2x1.7x
Mon, 11 Jul 2022CA$3.2tCA$2.0tCA$231.4b10.4x13.7x1.6x
Wed, 08 Jun 2022CA$3.5tCA$1.9tCA$230.1b11.9x15.3x1.8x
Fri, 06 May 2022CA$3.5tCA$1.9tCA$218.9b12.2x15.9x1.8x
Sun, 03 Apr 2022CA$3.7tCA$1.9tCA$213.0b13.1x17.3x2x
Tue, 01 Mar 2022CA$3.5tCA$1.8tCA$208.2b13.2x17x1.9x
Thu, 27 Jan 2022CA$3.4tCA$1.8tCA$189.1b12.6x18.1x1.9x
Sat, 25 Dec 2021CA$3.5tCA$1.8tCA$189.5b12.6x18.3x1.9x
Mon, 22 Nov 2021CA$3.5tCA$1.8tCA$189.3b12.9x18.5x2x
Price to Earnings Ratio

18.5x


Total Market Cap: CA$3.5tTotal Earnings: CA$189.3bTotal Revenue: CA$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.4x202220232024
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 23.3x which is higher than its 3-year average PE of 17.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 4.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.54%
Energy1.27%
Financials1.23%
Consumer Staples0.75%
Tech0.50%
Utilities0.46%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Discretionary-0.27%
Telecom-0.83%
Industrials-1.29%
Real Estate-1.38%
Healthcare-2.32%
Materials-7.61%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 217x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 38.9%, which is higher than its past year's earnings growth of 1.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 59% over the next 5 years.
  • This is better than its past earnings decline of 2.8% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.7% 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
ATD Alimentation Couche-TardCA$81.335.9%
+CA$4.3b		4.2%PE20.4xConsumer Staples
ENB EnbridgeCA$60.593.0%
+CA$3.9b		33.8%PE21xEnergy
MFC Manulife FinancialCA$46.233.3%
+CA$2.6b		78.6%PE15.9xFinancials
BN BrookfieldCA$81.322.0%
+CA$2.4b		73.5%PE98.7xFinancials
FFH Fairfax Financial HoldingsCA$1.92k5.6%
+CA$2.2b		57.6%PE7.5xFinancials
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TECK.B

CA$63.83

Teck Resources

7D

-9.8%

1Y

31.4%

SU

CA$56.84

Suncor Energy

7D

3.6%

1Y

27.5%

FFH

CA$1,923.64

Fairfax Financial Holdings

7D

5.6%

1Y

57.6%

IVN

CA$17.60

Ivanhoe Mines

7D

-11.8%

1Y

63.7%

CSU

CA$4,488.16

Constellation Software

7D

2.0%

1Y

42.0%

MFC

CA$46.23

Manulife Financial

7D

3.3%

1Y

78.6%

WPM

CA$83.42

Wheaton Precious Metals

7D

-6.6%

1Y

32.1%

FNV

CA$161.97

Franco-Nevada

7D

-7.6%

1Y

-2.8%

ABX

CA$23.72

Barrick Gold

7D

-7.5%

1Y

8.6%

K

CA$13.20

Kinross Gold

7D

-11.0%

1Y

76.2%

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SLF

CA$85.95

Sun Life Financial

7D

4.0%

1Y

24.2%

ENB

CA$60.59

Enbridge

7D

3.0%

1Y

33.8%

ATD

CA$81.33

Alimentation Couche-Tard

7D

5.9%

1Y

4.2%

FM

CA$17.99

First Quantum Minerals

7D

-12.2%

1Y

19.2%

BN

CA$81.32

Brookfield

7D

2.0%

1Y

73.5%

CP

CA$106.70

Canadian Pacific Kansas City

7D

-2.4%

1Y

8.2%