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Canadian (TSX) Utilities Sector Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies28
  • 7D7.1%
  • 3M4.1%
  • 1Y-12.8%
  • YTD0.09%

The Utilities industry is up 7.1% in the last week, with Brookfield Renewable up 16%. In the past year, the industry is down 13%. Earnings are forecast to grow by 8.6% annually.

Sector Valuation and Performance

Has the Canadian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$147.2bCA$80.3bCA$8.1b14.1x18.2x1.8x
Sat, 06 Apr 2024CA$139.0bCA$80.8bCA$6.3b14.1x22.1x1.7x
Mon, 04 Mar 2024CA$140.4bCA$81.7bCA$5.9b14.9x23.9x1.7x
Wed, 31 Jan 2024CA$149.1bCA$85.3bCA$8.7b14.6x17.1x1.7x
Fri, 29 Dec 2023CA$148.1bCA$85.1bCA$8.7b14.6x17x1.7x
Sun, 26 Nov 2023CA$144.7bCA$85.6bCA$8.8b14.1x16.5x1.7x
Tue, 24 Oct 2023CA$134.4bCA$85.2bCA$6.8b13.4x19.8x1.6x
Thu, 21 Sep 2023CA$148.1bCA$85.0bCA$6.8b14.7x21.9x1.7x
Sat, 19 Aug 2023CA$147.8bCA$85.0bCA$6.8b14.6x21.8x1.7x
Mon, 17 Jul 2023CA$157.4bCA$85.2bCA$7.9b14.1x19.8x1.8x
Wed, 14 Jun 2023CA$158.7bCA$85.3bCA$7.9b15.2x20x1.9x
Fri, 12 May 2023CA$166.3bCA$85.1bCA$7.8b16.4x21.4x2x
Sun, 09 Apr 2023CA$165.2bCA$82.8bCA$7.2b16.4x23.1x2x
Tue, 07 Mar 2023CA$152.8bCA$82.7bCA$7.5b17x20.3x1.8x
Thu, 02 Feb 2023CA$154.4bCA$79.1bCA$6.0b17.5x25.9x2x
Sat, 31 Dec 2022CA$151.1bCA$79.4bCA$6.0b17.2x25.3x1.9x
Mon, 28 Nov 2022CA$157.8bCA$79.0bCA$6.6b19.1x23.9x2x
Wed, 26 Oct 2022CA$155.4bCA$75.8bCA$5.9b20.7x26.5x2x
Fri, 23 Sep 2022CA$176.5bCA$75.7bCA$5.9b21.4x30.1x2.3x
Sun, 21 Aug 2022CA$185.6bCA$74.9bCA$5.9b23x31.5x2.5x
Tue, 19 Jul 2022CA$175.6bCA$68.4bCA$4.2b27x42.2x2.6x
Thu, 16 Jun 2022CA$170.2bCA$68.4bCA$4.2b26x40.9x2.5x
Sat, 14 May 2022CA$174.7bCA$68.3bCA$4.1b27.1x42.1x2.6x
Mon, 11 Apr 2022CA$184.9bCA$64.8bCA$4.3b32.3x42.8x2.9x
Wed, 09 Mar 2022CA$176.5bCA$65.1bCA$4.4b29.6x40.4x2.7x
Fri, 04 Feb 2022CA$163.4bCA$62.1bCA$2.7b22.9x60.9x2.6x
Sun, 02 Jan 2022CA$171.0bCA$62.1bCA$2.7b22.9x63.5x2.8x
Tue, 30 Nov 2021CA$165.5bCA$62.2bCA$2.7b20.6x61.5x2.7x
Thu, 28 Oct 2021CA$166.0bCA$59.4bCA$1.5b20x111.9x2.8x
Sat, 25 Sep 2021CA$169.8bCA$59.7bCA$1.4b19.6x119.8x2.8x
Mon, 23 Aug 2021CA$174.8bCA$59.4bCA$1.5b21.1x120.3x2.9x
Sat, 10 Jul 2021CA$167.6bCA$59.4bCA$1.5b20.5x115.3x2.8x
Price to Earnings Ratio

83.7x


Total Market Cap: CA$165.4bTotal Earnings: CA$2.0bTotal Revenue: CA$57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 41.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Canadian Utilities 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 18.2x which is lower than its 3-year average PE of 41.9x.
  • The 3-year average PS ratio of 2.2x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Utilities sector?

CA Market2.53%
Utilities7.08%
Renewable Energy16.94%
Other Utilities4.01%
Electric Utilities2.42%
Water Utilities0%
Gas Utilities-0.04%
Industry PE
  • Investors are most optimistic about the Other Utilities industry, which is trading close to its 3-year average PE ratio of 20.6x.
    • Analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings decline of 2.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BEPC Brookfield RenewableCA$41.1816.4%
+CA$2.2b		-12.6%PE8.2x
H Hydro OneCA$40.083.8%
+CA$882.6m		2.1%PE22.1x
FTS FortisCA$55.482.1%
+CA$552.2m		-9.6%PE17.9x
EMA EmeraCA$48.213.7%
+CA$495.4m		-17.9%PE14.1x
AQN Algonquin Power & UtilitiesCA$9.095.7%
+CA$337.9m		-23.8%PE224.7x
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Latest News

CU

CA$31.56

Canadian Utilities

7D

3.7%

1Y

-19.7%

BEPC

CA$41.18

Brookfield Renewable

7D

16.4%

1Y

-12.6%

TA

CA$10.04

TransAlta

7D

9.2%

1Y

-24.3%

H

CA$40.08

Hydro One

7D

3.8%

1Y

2.1%

These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively

May 04
These 4 Measures Indicate That Hydro One (TSE:H) Is Using Debt Extensively

FTS

CA$55.48

Fortis

7D

2.1%

1Y

-9.6%

ACO.X

CA$39.82

ATCO

7D

5.9%

1Y

-11.9%

EVGN

CA$2.14

EverGen Infrastructure

7D

-4.9%

1Y

-30.5%

AKH.H

CA$0.01

Alaska Hydro

7D

-33.3%

1Y

-50.0%

EMA

CA$48.21

Emera

7D

3.7%

1Y

-17.9%

REVV

CA$0.29

ReVolve Renewable Power

7D

-3.3%

1Y

-29.8%

AQN

CA$9.09

Algonquin Power & Utilities

7D

5.7%

1Y

-23.8%

MXG

CA$4.23

Maxim Power

7D

-2.8%

1Y

14.9%

NKW.H

CA$0.06

Oceanic Wind Energy

7D

-25.0%

1Y

20.0%