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Oct 26
Canadian (TSX) Chemicals Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies34
- 7D-4.7%
- 3M-14.8%
- 1Y-28.2%
- YTD-19.5%
Over the last 7 days, the Chemicals industry has dropped 4.7%, driven by a pullback from Nutrien of 5.5%. The industry has fallen 28% in the last year. In the next few years, earnings are forecast to decline by 8.2% annually.
Industry Valuation and Performance
Has the Canadian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$45.2b | CA$55.3b | CA$5.5b | 7.4x | 8.3x | 0.8x |
| Wed, 27 Sep 2023 | CA$49.2b | CA$54.2b | CA$5.4b | 8.3x | 9.1x | 0.9x |
| Fri, 25 Aug 2023 | CA$48.4b | CA$54.4b | CA$5.4b | 10.1x | 8.9x | 0.9x |
| Sun, 23 Jul 2023 | CA$50.0b | CA$57.2b | CA$9.6b | 9.1x | 5.2x | 0.9x |
| Tue, 20 Jun 2023 | CA$47.1b | CA$57.2b | CA$9.6b | 8.2x | 4.9x | 0.8x |
| Thu, 18 May 2023 | CA$48.6b | CA$58.3b | CA$9.7b | 8.6x | 5x | 0.8x |
| Sat, 15 Apr 2023 | CA$56.9b | CA$60.1b | CA$10.8b | 8.3x | 5.3x | 0.9x |
| Mon, 13 Mar 2023 | CA$61.3b | CA$62.3b | CA$11.2b | 9.3x | 5.5x | 1x |
| Wed, 08 Feb 2023 | CA$67.4b | CA$60.2b | CA$10.9b | 9.6x | 6.2x | 1.1x |
| Fri, 06 Jan 2023 | CA$60.3b | CA$61.1b | CA$11.2b | 5.2x | 5.4x | 1x |
| Sun, 04 Dec 2022 | CA$63.6b | CA$60.7b | CA$11.1b | 7x | 5.7x | 1x |
| Tue, 01 Nov 2022 | CA$69.5b | CA$58.1b | CA$10.1b | 6.8x | 6.9x | 1.2x |
| Thu, 29 Sep 2022 | CA$70.5b | CA$58.4b | CA$10.1b | 6.7x | 7x | 1.2x |
| Sat, 27 Aug 2022 | CA$79.2b | CA$55.5b | CA$9.6b | 8.4x | 8.2x | 1.4x |
| Mon, 25 Jul 2022 | CA$63.7b | CA$48.5b | CA$6.2b | 7.4x | 10.3x | 1.3x |
| Wed, 22 Jun 2022 | CA$69.7b | CA$48.7b | CA$6.2b | 6.9x | 11.2x | 1.4x |
| Fri, 20 May 2022 | CA$81.4b | CA$48.3b | CA$6.2b | 8.1x | 13.2x | 1.7x |
| Sun, 17 Apr 2022 | CA$89.0b | CA$43.3b | CA$4.4b | 14.2x | 20.2x | 2.1x |
| Tue, 15 Mar 2022 | CA$80.2b | CA$43.7b | CA$4.4b | 17.5x | 18.2x | 1.8x |
| Thu, 10 Feb 2022 | CA$64.6b | CA$39.1b | CA$3.4b | 17.7x | 19x | 1.7x |
| Sat, 08 Jan 2022 | CA$60.0b | CA$38.5b | CA$3.1b | 18.5x | 19.3x | 1.6x |
| Mon, 06 Dec 2021 | CA$59.3b | CA$38.9b | CA$3.2b | 17x | 18.8x | 1.5x |
| Wed, 03 Nov 2021 | CA$58.3b | CA$37.7b | CA$3.0b | 15.2x | 19.4x | 1.5x |
| Fri, 01 Oct 2021 | CA$57.0b | CA$35.4b | CA$1.2b | 18.9x | 46.9x | 1.6x |
| Sun, 29 Aug 2021 | CA$53.0b | CA$34.7b | CA$1.2b | 28.8x | 44.8x | 1.5x |
| Mon, 05 Jul 2021 | CA$51.3b | CA$34.7b | CA$1.2b | 26.2x | 43.4x | 1.5x |
| Thu, 08 Apr 2021 | CA$47.6b | CA$32.7b | CA$452.5m | 45x | 105.2x | 1.5x |
| Sun, 10 Jan 2021 | CA$43.1b | CA$32.1b | CA$43.4m | 59.6x | 991.8x | 1.3x |
Price to Earnings Ratio
-81.1x
Current Industry PE
- Investors are pessimistic on the Canadian Chemicals 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 8.3x which is lower than its 3-year average PE of 101x.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.82x.
Past Earnings Growth
- Total earnings for the Chemicals industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | -1.70% | |
| Materials | -1.65% | |
| Chemicals | -4.71% | |
| Commodity Chemicals | 1.29% | |
| Diversified Chemicals | 0% | |
| Industrial Gases | -1.75% | |
| Specialty Chemicals | -3.97% | |
| Fertilizers and Agricultural Chemicals | -5.52% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 20.0x.
- Analysts are expecting annual earnings decline of 11.3%, which is less than its past year's earnings decline of 64.6%.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 42% over the next 5 years.
- In contrast, the Commodity Chemicals industry is expected to see its earnings decline by 11% 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 | |
|---|---|---|---|---|---|
| MX Methanex | CA$57.32 | 6.3% +CA$229.8m | 20.5% | PE15.3x | |
| MGRO MustGrow Biologics | CA$1.06 | 26.2% +CA$11.0m | -60.3% | PS40581.7x | |
| CHE.UN Chemtrade Logistics Income Fund | CA$8.22 | 0.6% +CA$5.8m | 11.5% | PE4.2x | |
| NEO Neo Performance Materials | CA$6.95 | 1.0% +CA$3.1m | -34.7% | PS0.4x | |
| HEVI Helium Evolution | CA$0.14 | 26.1% +CA$2.9m | -19.4% | PB1.1x |
