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May 03
Canadian (TSX) Professional Services Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies6
- 7D10.1%
- 3M9.4%
- 1Y31.6%
- YTD19.5%
The Professional Services industry is up 10% in the last week, with Thomson Reuters up 10%. During this same period, the Britannia Life Sciences underperformed, falling 29%. In the last 12 months, the industry was up 32%. In the next few years, earnings are forecast to decline by 1.9% annually.
Industry Valuation and Performance
Has the Canadian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | CA$103.3b | CA$9.7b | CA$3.2b | 18.3x | 32.1x | 10.7x |
| Sat, 06 Apr 2024 | CA$93.1b | CA$9.4b | CA$3.6b | 16.3x | 26.2x | 9.9x |
| Mon, 04 Mar 2024 | CA$97.7b | CA$9.3b | CA$3.5b | 17x | 27.6x | 10.5x |
| Wed, 31 Jan 2024 | CA$94.4b | CA$10.8b | CA$2.9b | 28.1x | 32.3x | 8.8x |
| Fri, 29 Dec 2023 | CA$90.4b | CA$10.7b | CA$2.9b | 27.5x | 31.4x | 8.5x |
| Sun, 26 Nov 2023 | CA$89.2b | CA$11.0b | CA$3.0b | 26.8x | 30x | 8.1x |
| Tue, 24 Oct 2023 | CA$79.8b | CA$11.0b | CA$2.9b | 25.8x | 27.9x | 7.3x |
| Thu, 21 Sep 2023 | CA$81.8b | CA$10.8b | CA$2.8b | 26.4x | 29x | 7.6x |
| Sat, 19 Aug 2023 | CA$81.4b | CA$10.9b | CA$2.8b | 26.2x | 28.7x | 7.5x |
| Mon, 17 Jul 2023 | CA$79.9b | CA$10.6b | CA$1.5b | 52.4x | 53.7x | 7.5x |
| Wed, 14 Jun 2023 | CA$81.3b | CA$10.7b | CA$1.5b | 53.1x | 54.3x | 7.6x |
| Fri, 12 May 2023 | CA$81.2b | CA$10.8b | CA$1.5b | 52.3x | 53.8x | 7.5x |
| Sun, 09 Apr 2023 | CA$86.7b | CA$10.7b | CA$1.9b | 34.6x | 45.9x | 8.1x |
| Tue, 07 Mar 2023 | CA$81.7b | CA$10.8b | CA$2.0b | 32.1x | 41.1x | 7.6x |
| Thu, 02 Feb 2023 | CA$80.0b | CA$10.5b | CA$1.4b | 40.3x | 58.2x | 7.6x |
| Sat, 31 Dec 2022 | CA$77.5b | CA$10.7b | CA$1.4b | 38.8x | 55.2x | 7.2x |
| Mon, 28 Nov 2022 | CA$77.9b | CA$10.6b | CA$1.4b | 39.3x | 56.2x | 7.4x |
| Wed, 26 Oct 2022 | CA$72.0b | CA$10.7b | CA$722.9m | 55.9x | 99.6x | 6.7x |
| Fri, 23 Sep 2022 | CA$78.4b | CA$14.6b | CA$909.4m | 34.7x | 86.2x | 5.4x |
| Sun, 21 Aug 2022 | CA$83.1b | CA$14.3b | CA$882.8m | 37.9x | 94.1x | 5.8x |
| Tue, 19 Jul 2022 | CA$76.5b | CA$14.0b | CA$2.3b | 25.2x | 32.8x | 5.5x |
| Thu, 16 Jun 2022 | CA$69.7b | CA$14.0b | CA$2.3b | 22.5x | 30x | 5x |
| Sat, 14 May 2022 | CA$67.6b | CA$13.9b | CA$2.3b | 23.9x | 29x | 4.8x |
| Mon, 11 Apr 2022 | CA$75.9b | CA$13.5b | CA$7.3b | 18x | 10.4x | 5.6x |
| Wed, 09 Mar 2022 | CA$75.1b | CA$13.7b | CA$7.5b | 21.2x | 10x | 5.5x |
| Fri, 04 Feb 2022 | CA$76.1b | CA$13.4b | CA$8.3b | 20.5x | 9.1x | 5.7x |
| Sun, 02 Jan 2022 | CA$84.6b | CA$13.3b | CA$8.3b | 21.1x | 10.2x | 6.4x |
| Tue, 30 Nov 2021 | CA$86.1b | CA$13.4b | CA$8.4b | 29.9x | 10.2x | 6.4x |
| Thu, 28 Oct 2021 | CA$83.3b | CA$12.9b | CA$8.7b | 20.8x | 9.6x | 6.4x |
| Sat, 25 Sep 2021 | CA$82.6b | CA$13.1b | CA$9.0b | 19x | 9.2x | 6.3x |
| Mon, 23 Aug 2021 | CA$82.0b | CA$12.9b | CA$8.7b | 16.4x | 9.4x | 6.3x |
| Sat, 10 Jul 2021 | CA$70.4b | CA$12.9b | CA$8.7b | 14.3x | 8x | 5.4x |
Price to Earnings Ratio
8.7x
Current Industry PE
- Investors are relatively neutral on the Canadian Professional Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 34.2x.
- The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 10.7x.
Past Earnings Growth
- The earnings for companies in the Professional Services industry have declined 25% per year over the last three years,
- Revenues have also declined 9.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | 3.09% | |
| Industrials | 5.08% | |
| Professional Services | 10.07% | |
| Research and Consulting Services | 10.07% | |
| HR Services | 2.56% | |
Industry PE
- Investors are most optimistic about the Research and Consulting Services industry, which is trading close to its 3-year average PE ratio of 33.8x.
- Analysts are expecting annual earnings decline of 1.9%, which is lower than the prior year's growth of 114.2% per year.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Research and Consulting Services industry since they expect its earnings to decline by only 1.9% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 114% per year.
- In contrast, the Research and Consulting Services 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TRI Thomson Reuters | CA$229.43 | 10.1% +CA$9.4b | 31.7% | PE31.7x | |
| MYID Reklaim | CA$0.15 | 11.1% +CA$1.7m | 233.3% | PE19.1x | |
| CWL Caldwell Partners International | CA$0.80 | 2.6% +CA$591.2k | -25.9% | PS0.3x | |
| RIWI RIWI | CA$0.89 | 2.3% +CA$360.1k | 134.2% | PS2.8x |