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Canadian (TSX) Market Analysis & Valuation

UpdatedJan 02, 2023
DataAggregated Company Financials
Companies2768
  • 7D-0.5%
  • 3M1.9%
  • 1Y-7.3%
  • YTD6.5%

In the last week, the market has been flat. As for last year, the market is down 7.3%. As for the next few years, earnings are expected to grow by 6.0% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Insights

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A 2022 Market Recap, And Prospects For 2023
Richard Bowman avatar
Richard Bowman5 Comments

US markets received a boost on Tuesday when inflation data showed prices rising slightly less than expected...

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Latest News

FM

CA$28.29

First Quantum Minerals

7D

1.6%

1Y

-6.5%

Calculating The Intrinsic Value Of First Quantum Minerals Ltd. (TSE:FM)

Jan 01
Calculating The Intrinsic Value Of First Quantum Minerals Ltd. (TSE:FM)

TRP

CA$53.98

TC Energy

7D

-2.5%

1Y

-8.2%

SJR.B

CA$39.01

Shaw Communications

7D

9.1%

1Y

1.6%

RCI.B

CA$63.37

Rogers Communications

7D

3.3%

1Y

5.2%

Rogers Communications Inc. (TSE:RCI.B) Shares Could Be 49% Below Their Intrinsic Value Estimate

Dec 31
Rogers Communications Inc. (TSE:RCI.B) Shares Could Be 49% Below Their Intrinsic Value Estimate

TOU

CA$68.32

Tourmaline Oil

7D

-4.3%

1Y

67.3%

GFL

CA$39.54

GFL Environmental

7D

3.2%

1Y

-17.3%

Calculating The Intrinsic Value Of GFL Environmental Inc. (TSE:GFL)

Dec 29
Calculating The Intrinsic Value Of GFL Environmental Inc. (TSE:GFL)

RY

CA$127.30

Royal Bank of Canada

7D

-0.8%

1Y

-5.2%

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

Dec 28
Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32

QBR.A

CA$30.25

Quebecor

7D

5.1%

1Y

4.5%

Do Quebecor's (TSE:QBR.A) Earnings Warrant Your Attention?

Dec 22
Do Quebecor's (TSE:QBR.A) Earnings Warrant Your Attention?

CP

CA$100.95

Canadian Pacific Railway

7D

-1.6%

1Y

11.0%

IVN

CA$10.70

Ivanhoe Mines

7D

2.6%

1Y

3.7%

IMO

CA$65.95

Imperial Oil

7D

0.6%

1Y

44.6%

TD

CA$87.67

Toronto-Dominion Bank

7D

-0.7%

1Y

-9.6%

L

CA$119.72

Loblaw Companies

7D

-3.2%

1Y

15.5%

ENB

CA$52.92

Enbridge

7D

-1.4%

1Y

7.1%

Enbridge (TSE:ENB) Is Increasing Its Dividend To CA$0.8875

Dec 13
Enbridge (TSE:ENB) Is Increasing Its Dividend To CA$0.8875

BAM

CA$38.77

Brookfield Asset Management

7D

1.7%

1Y

n/a

CNR

CA$160.84

Canadian National Railway

7D

-1.7%

1Y

3.5%

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Jan 2023CA$3.2tCA$2.1tCA$246.5b10.5x13x1.5x
Wed, 30 Nov 2022CA$3.4tCA$2.1tCA$240.3b10.6x14x1.6x
Fri, 28 Oct 2022CA$3.2tCA$2.0tCA$233.8b10x13.7x1.6x
Sun, 25 Sep 2022CA$3.1tCA$2.1tCA$240.4b9.5x13x1.5x
Tue, 23 Aug 2022CA$3.3tCA$2.0tCA$237.2b10.4x14x1.7x
Thu, 21 Jul 2022CA$3.2tCA$2.0tCA$231.0b10.3x13.8x1.6x
Sat, 18 Jun 2022CA$3.2tCA$2.0tCA$231.9b10.6x13.8x1.6x
Mon, 16 May 2022CA$3.4tCA$1.9tCA$227.4b11.4x14.8x1.7x
Wed, 13 Apr 2022CA$3.6tCA$1.9tCA$212.2b12.6x17.2x2x
Fri, 11 Mar 2022CA$3.6tCA$1.9tCA$213.9b13.1x16.9x1.9x
Sun, 06 Feb 2022CA$3.5tCA$1.8tCA$195.2b13.1x18.1x2x
Tue, 04 Jan 2022CA$3.5tCA$1.8tCA$189.2b12.6x18.4x2x
Thu, 02 Dec 2021CA$3.4tCA$1.8tCA$188.8b12.1x17.8x1.9x
Sat, 30 Oct 2021CA$3.5tCA$1.7tCA$173.2b13.3x20.1x2.1x
Mon, 27 Sep 2021CA$3.3tCA$1.7tCA$168.5b12.6x19.8x2x
Wed, 25 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.7x19.7x2x
Thu, 01 Jul 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Sun, 04 Apr 2021CA$3.0tCA$1.6tCA$115.8b14.8x25.9x1.9x
Wed, 06 Jan 2021CA$2.7tCA$1.6tCA$57.4b14.9x47.4x1.7x
Sat, 10 Oct 2020CA$2.4tCA$1.6tCA$49.0b15.2x49.7x1.6x
Fri, 03 Jul 2020CA$2.3tCA$1.6tCA$59.7b15.1x38.3x1.4x
Mon, 06 Apr 2020CA$2.0tCA$1.6tCA$97.7b11.2x20.6x1.2x
Thu, 09 Jan 2020CA$2.6tCA$1.6tCA$143.6b16.1x18x1.6x
Price to Earnings Ratio

18x


Total Market Cap: CA$2.6tTotal Earnings: CA$143.6bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 25.4x202120222023
Current Market PE
  • Investors are pessimistic on the Canadian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.0x which is lower than its 3-year average PE of 25.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 20% per year over the last three years.
  • Revenues for these companies have grown 8.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.54%
Telecom1.27%
Tech0.75%
Consumer Discretionary0.37%
Real Estate0.0092%
Healthcare-0.31%
Industrials-0.48%
Financials-0.58%
Materials-0.78%
Energy-0.83%
Utilities-1.22%
Consumer Staples-1.62%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 131x.
    • This optimism is likely because analysts are expecting annual earnings growth of 14.7%, which is higher than its past year's earnings growth of 4.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SJR.B Shaw CommunicationsCA$39.019.1%
+CA$1.6b		1.6%PE25.5xTelecom
RCI.B Rogers CommunicationsCA$63.373.3%
+CA$1.0b		5.2%PE20.3xTelecom
GFL GFL EnvironmentalCA$39.543.2%
+CA$419.0m		-17.3%PS2xIndustrials
QBR.A QuebecorCA$30.255.1%
+CA$339.5m		4.5%PE11.3xTelecom
IVN Ivanhoe MinesCA$10.702.6%
+CA$323.5m		3.7%PE22.8xMaterials
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