Stelco Holdings Inc. (TSE:STLC) Shares Could Be 42% Below Their Intrinsic Value Estimate
Oct 27
Canadian (TSX) Metals and Mining Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies1308
- 7D-1.3%
- 3M-11.0%
- 1Y8.2%
- YTD-4.9%
Over the last 7 days, the Metals and Mining industry has dropped 1.3%, driven by a pullback from Teck Resources of 5.8%. This takes the industry's 12 month performance to a gain of 8.2%. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Canadian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | CA$347.2b | CA$107.0b | CA$1.4b | 11.9x | 254.5x | 3.2x |
| Wed, 27 Sep 2023 | CA$340.1b | CA$105.1b | CA$1.6b | 10.7x | 212.3x | 3.2x |
| Fri, 25 Aug 2023 | CA$356.1b | CA$104.4b | CA$1.4b | 11.6x | 254.4x | 3.4x |
| Sun, 23 Jul 2023 | CA$372.5b | CA$103.8b | CA$2.4b | 12.7x | 152.8x | 3.6x |
| Tue, 20 Jun 2023 | CA$366.4b | CA$103.7b | CA$2.4b | 12.3x | 153.6x | 3.5x |
| Thu, 18 May 2023 | CA$386.0b | CA$105.3b | CA$2.8b | 14.1x | 140x | 3.7x |
| Sat, 15 Apr 2023 | CA$405.2b | CA$106.8b | CA$5.1b | 14.3x | 78.7x | 3.8x |
| Mon, 13 Mar 2023 | CA$339.3b | CA$109.4b | CA$7.7b | 13.3x | 43.8x | 3.1x |
| Wed, 08 Feb 2023 | CA$360.6b | CA$113.5b | CA$12.0b | 13.7x | 30.1x | 3.2x |
| Fri, 06 Jan 2023 | CA$353.9b | CA$114.4b | CA$12.1b | 12.1x | 29.2x | 3.1x |
| Sun, 04 Dec 2022 | CA$349.0b | CA$113.6b | CA$12.1b | 11.7x | 28.9x | 3.1x |
| Tue, 01 Nov 2022 | CA$294.1b | CA$116.2b | CA$14.4b | 8x | 20.4x | 2.5x |
| Thu, 29 Sep 2022 | CA$289.5b | CA$115.9b | CA$16.2b | 9.3x | 17.8x | 2.5x |
| Sat, 27 Aug 2022 | CA$302.2b | CA$111.1b | CA$15.8b | 9.4x | 19.1x | 2.7x |
| Mon, 25 Jul 2022 | CA$279.1b | CA$106.8b | CA$14.4b | 9.3x | 19.4x | 2.6x |
| Wed, 22 Jun 2022 | CA$339.3b | CA$107.2b | CA$14.6b | 12x | 23.2x | 3.2x |
| Fri, 20 May 2022 | CA$348.1b | CA$106.1b | CA$14.5b | 11.3x | 23.9x | 3.3x |
| Sun, 17 Apr 2022 | CA$440.5b | CA$100.8b | CA$13.2b | 12x | 33.3x | 4.4x |
| Tue, 15 Mar 2022 | CA$417.2b | CA$105.2b | CA$14.5b | 11.5x | 28.8x | 4x |
| Thu, 10 Feb 2022 | CA$382.7b | CA$101.5b | CA$12.7b | 10.8x | 30.1x | 3.8x |
| Sat, 08 Jan 2022 | CA$357.8b | CA$101.4b | CA$12.8b | 9.9x | 28.1x | 3.5x |
| Mon, 06 Dec 2021 | CA$357.7b | CA$102.3b | CA$13.1b | 9.4x | 27.4x | 3.5x |
| Wed, 03 Nov 2021 | CA$362.8b | CA$97.9b | CA$13.4b | 11x | 27x | 3.7x |
| Fri, 01 Oct 2021 | CA$333.1b | CA$96.9b | CA$12.5b | 9.5x | 26.7x | 3.4x |
| Sun, 29 Aug 2021 | CA$357.5b | CA$95.4b | CA$12.5b | 11.3x | 28.6x | 3.7x |
| Mon, 05 Jul 2021 | CA$364.4b | CA$95.3b | CA$12.5b | 12.1x | 29.1x | 3.8x |
| Thu, 08 Apr 2021 | CA$328.2b | CA$89.0b | CA$9.8b | 14.3x | 33.5x | 3.7x |
| Sun, 10 Jan 2021 | CA$349.8b | CA$84.6b | CA$5.9b | 16.4x | 59.8x | 4.1x |
Price to Earnings Ratio
145.1x
Current Industry PE
- Investors are optimistic on the Canadian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 255x which is higher than its 3-year average PE of 67.4x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 17% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.4% 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.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | -1.70% | |
| Materials | -1.65% | |
| Metals and Mining | -1.26% | |
| Steel | 4.09% | |
| Aluminum | 0% | |
| Gold | -0.13% | |
| Precious Metals and Minerals | -1.00% | |
| Silver | -1.62% | |
| Diversified Metals and Mining | -2.95% | |
| Copper | -4.04% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings decline of 5.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Silver industry, expecting annual earnings growth of 143% over the next 5 years.
- This is better than its past earnings growth rate of 29% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 4.4% 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 | |
|---|---|---|---|---|---|
| WPM Wheaton Precious Metals | CA$60.36 | 1.1% +CA$308.0m | 35.4% | PE32x | |
| IVN Ivanhoe Mines | CA$10.68 | 2.2% +CA$280.7m | 13.0% | PE38.1x | |
| STLC Stelco Holdings | CA$37.62 | 11.8% +CA$219.4m | 9.6% | PE7.2x | |
| ELD Eldorado Gold | CA$15.04 | 7.2% +CA$205.5m | 97.6% | PE39.4x | |
| AAUC Allied Gold | CA$4.80 | 20.0% +CA$200.6m | n/a | PS1.4x |
