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May 08
Canadian (TSX) Machinery Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies27
- 7D2.7%
- 3M-13.4%
- 1Y-14.2%
- YTD-11.9%
In the last week, the Machinery industry is up 2.7%, with NFI Group up 17%. Meanwhile, Ag Growth International actually underperformed within the industry, shrinking 6.1% in the last week. In contrast, the industry has lost 14% in the last 12 months. As for the next few years, earnings are expected to grow by 45% per annum.
Industry Valuation and Performance
Has the Canadian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | CA$9.3b | CA$11.1b | -CA$235,002,142.37 | 25.6x | -39.6x | 0.8x |
| Fri, 05 Apr 2024 | CA$9.6b | CA$10.8b | -CA$268,913,452.59 | 24x | -35.7x | 0.9x |
| Sun, 03 Mar 2024 | CA$10.1b | CA$10.8b | -CA$337,221,250.54 | 23x | -30x | 0.9x |
| Tue, 30 Jan 2024 | CA$11.4b | CA$10.9b | -CA$562,811,920.00 | 22.7x | -20.3x | 1x |
| Thu, 28 Dec 2023 | CA$11.2b | CA$10.8b | -CA$541,459,301.00 | 28.6x | -20.8x | 1x |
| Sat, 25 Nov 2023 | CA$10.8b | CA$11.0b | -CA$567,132,755.00 | 22.2x | -19x | 1x |
| Mon, 23 Oct 2023 | CA$10.1b | CA$10.5b | -CA$614,608,414.00 | 19.6x | -16.4x | 1x |
| Wed, 20 Sep 2023 | CA$11.2b | CA$10.4b | -CA$600,298,721.00 | 21.3x | -18.7x | 1.1x |
| Fri, 18 Aug 2023 | CA$10.7b | CA$10.4b | -CA$598,238,523.00 | 18.9x | -17.9x | 1x |
| Sun, 16 Jul 2023 | CA$11.5b | CA$9.8b | -CA$592,861,990.00 | 25.1x | -19.4x | 1.2x |
| Tue, 13 Jun 2023 | CA$10.8b | CA$9.8b | -CA$601,995,518.00 | 24.6x | -17.9x | 1.1x |
| Thu, 11 May 2023 | CA$10.3b | CA$9.6b | -CA$565,878,944.00 | 29.7x | -18.3x | 1.1x |
| Sat, 08 Apr 2023 | CA$9.6b | CA$9.5b | -CA$546,951,636.00 | 24.7x | -17.5x | 1x |
| Mon, 06 Mar 2023 | CA$10.4b | CA$9.4b | -CA$435,582,533.00 | 30.5x | -24x | 1.1x |
| Wed, 01 Feb 2023 | CA$10.0b | CA$9.2b | -CA$244,688,743.00 | 28.3x | -41x | 1.1x |
| Fri, 30 Dec 2022 | CA$8.3b | CA$9.3b | -CA$249,349,301.00 | 22.8x | -33.4x | 0.9x |
| Sun, 27 Nov 2022 | CA$8.7b | CA$9.2b | -CA$238,160,607.00 | 23.9x | -36.7x | 0.9x |
| Tue, 25 Oct 2022 | CA$8.7b | CA$9.0b | -CA$12,442,743.00 | 15.1x | -696.5x | 1x |
| Thu, 22 Sep 2022 | CA$8.5b | CA$9.0b | -CA$2,646,856.00 | 16.9x | -3227.9x | 1x |
| Sat, 20 Aug 2022 | CA$9.5b | CA$8.8b | CA$11.0m | 13.6x | 859x | 1.1x |
| Mon, 18 Jul 2022 | CA$8.2b | CA$8.9b | -CA$118,638,701.00 | 19.9x | -68.9x | 0.9x |
| Wed, 15 Jun 2022 | CA$8.4b | CA$8.8b | -CA$109,777,924.00 | 20.2x | -76.9x | 1x |
| Fri, 13 May 2022 | CA$8.5b | CA$8.5b | -CA$76,450,924.00 | 27.9x | -110.8x | 1x |
| Sun, 10 Apr 2022 | CA$11.1b | CA$8.5b | -CA$57,986,777.00 | 35.5x | -190.8x | 1.3x |
| Tue, 08 Mar 2022 | CA$11.3b | CA$8.3b | -CA$49,852,839.00 | 36.7x | -227.5x | 1.4x |
| Thu, 03 Feb 2022 | CA$12.7b | CA$8.1b | -CA$119,729,079.00 | 41.4x | -106.3x | 1.6x |
| Sat, 01 Jan 2022 | CA$13.6b | CA$8.0b | -CA$111,920,045.00 | 42.2x | -121.2x | 1.7x |
| Mon, 29 Nov 2021 | CA$13.7b | CA$8.1b | -CA$106,565,586.00 | 41.5x | -128.7x | 1.7x |
| Wed, 27 Oct 2021 | CA$13.4b | CA$7.8b | -CA$334,880,293.00 | 34.4x | -39.9x | 1.7x |
| Fri, 24 Sep 2021 | CA$13.7b | CA$7.9b | -CA$354,750,064.00 | 39.1x | -38.6x | 1.7x |
| Sun, 22 Aug 2021 | CA$14.3b | CA$7.8b | -CA$367,019,566.82 | 34.9x | -39x | 1.8x |
| Fri, 09 Jul 2021 | CA$16.1b | CA$7.8b | -CA$367,019,566.82 | 37.3x | -43.9x | 2.1x |
Price to Earnings Ratio
-89.8x
Current Industry PE
- Investors are pessimistic on the Canadian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 16% 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 caused losses to expand.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | 2.53% | |
| Industrials | 4.31% | |
| Machinery | 2.73% | |
| Construction Machinery and Vehicles | 14.51% | |
| Industrial Machinery | 0.35% | |
| Agricultural Machinery | -5.52% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 63.9x.
- Analysts expect its future annual earnings growth (16.2%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 129% over the next 5 years.
- However this is lower than its past earnings growth rate of 199% per year.
- In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| NFI NFI Group | CA$13.35 | 18.2% +CA$245.1m | 50.3% | PS0.4x | |
| ATS ATS | CA$45.87 | 3.5% +CA$155.3m | -20.4% | PE26x | |
| SIS Savaria | CA$16.96 | 1.7% +CA$19.9m | -0.8% | PE31.8x | |
| WPRT Westport Fuel Systems | CA$8.11 | 13.9% +CA$17.1m | -20.5% | PS0.3x | |
| TGH Tornado Global Hydrovacs | CA$0.79 | 6.8% +CA$6.8m | 54.9% | PE14.6x |
