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Emirati (ADX) Materials Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.9%
  • 3M1.0%
  • 1Y3.0%
  • YTD1.1%

The Materials is pretty flat in the last 7 days, but EMSTEEL Building Materials PJSC has stood out, gaining 7.8%. The past year has been better, since the industry has gained 3.0% in that time. Looking forward, earnings are expected to remain mostly flat in the next few years.

Sector Valuation and Performance

Has the Emirati Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026د.إ124.3bد.إ44.0bد.إ6.4b13x19.4x2.8x
Fri, 20 Mar 2026د.إ123.0bد.إ44.0bد.إ6.4b12.9x19.2x2.8x
Sun, 15 Feb 2026د.إ126.9bد.إ42.5bد.إ6.1b13.6x20.6x3x
Tue, 13 Jan 2026د.إ121.3bد.إ42.3bد.إ6.2b13x19.6x2.9x
Thu, 11 Dec 2025د.إ121.4bد.إ42.3bد.إ6.2b12.7x19.6x2.9x
Sat, 08 Nov 2025د.إ120.8bد.إ41.0bد.إ5.0b16.6x23.9x2.9x
Mon, 06 Oct 2025د.إ122.7bد.إ41.5bد.إ5.2b16.5x23.6x3x
Wed, 03 Sep 2025د.إ127.7bد.إ41.5bد.إ5.2b16.9x24.6x3.1x
Fri, 01 Aug 2025د.إ127.8bد.إ41.9bد.إ5.5b17.1x23.2x3.1x
Sun, 29 Jun 2025د.إ123.2bد.إ41.6bد.إ5.4b16.8x22.9x3x
Tue, 27 May 2025د.إ122.7bد.إ41.6bد.إ5.4b16.7x22.8x2.9x
Thu, 24 Apr 2025د.إ122.2bد.إ40.6bد.إ5.6b17.7x21.9x3x
Sat, 22 Mar 2025د.إ114.3bد.إ40.6bد.إ5.6b18.6x20.5x2.8x
Mon, 17 Feb 2025د.إ125.1bد.إ40.5bد.إ5.3b18.9x23.7x3.1x
Wed, 15 Jan 2025د.إ123.4bد.إ40.7bد.إ5.3b19x23.1x3x
Fri, 13 Dec 2024د.إ121.0bد.إ40.7bد.إ5.3b19.2x22.6x3x
Sun, 10 Nov 2024د.إ124.8bد.إ40.9bد.إ5.5b19.1x22.6x3x
Tue, 08 Oct 2024د.إ118.5bد.إ40.7bد.إ5.7b17.6x20.8x2.9x
Thu, 05 Sep 2024د.إ118.2bد.إ40.7bد.إ5.7b18.7x20.8x2.9x
Sat, 03 Aug 2024د.إ110.5bد.إ40.9bد.إ5.8b17.4x19.2x2.7x
Mon, 01 Jul 2024د.إ106.8bد.إ40.8bد.إ5.7b17.6x18.7x2.6x
Wed, 29 May 2024د.إ107.4bد.إ40.8bد.إ5.6b17.3x19.1x2.6x
Fri, 26 Apr 2024د.إ115.0bد.إ41.9bد.إ5.2b20.1x22x2.7x
Sun, 24 Mar 2024د.إ116.7bد.إ43.4bد.إ5.6b21.1x21x2.7x
Tue, 20 Feb 2024د.إ115.4bد.إ43.4bد.إ5.6b19.3x20.8x2.7x
Thu, 18 Jan 2024د.إ118.6bد.إ50.9bد.إ6.7b19.3x17.7x2.3x
Sat, 16 Dec 2023د.إ117.4bد.إ50.9bد.إ6.7b18.5x17.5x2.3x
Mon, 13 Nov 2023د.إ125.7bد.إ50.9bد.إ6.7b19.7x18.8x2.5x
Wed, 11 Oct 2023د.إ126.0bد.إ49.0bد.إ6.2b20.7x20.2x2.6x
Fri, 08 Sep 2023د.إ133.4bد.إ49.0bد.إ6.3b21.8x21.3x2.7x
Sun, 06 Aug 2023د.إ133.1bد.إ49.0bد.إ6.3b21.9x21.2x2.7x
Tue, 04 Jul 2023د.إ127.0bد.إ50.5bد.إ7.5b18.9x16.9x2.5x
Thu, 01 Jun 2023د.إ124.1bد.إ50.5bد.إ7.5b20.3x16.5x2.5x
Sat, 29 Apr 2023د.إ131.4bد.إ52.7bد.إ9.0b20.3x14.6x2.5x
Price to Earnings Ratio

14.6x


Total Market Cap: د.إ131.4bTotal Earnings: د.إ9.0bTotal Revenue: د.إ52.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Materials Sector Price to Earnings3Y Average 20.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Emirian Materials 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 20.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 11% per year over the last three years,
  • Revenues have also declined 5.9% 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 Emirati Materials sector?

AE Market0.13%
Materials-1.94%
Basic Materials2.67%
Chemicals-2.94%
Industry PE
  • Investors are most optimistic about the Basic Materials industry even though it's trading below its 3-year average PE ratio of 63.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Chemicals industry, which is trading close to its 3-year average of 18.1x.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 0.9% over the next 5 years.
  • In contrast, the Chemicals 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 Price7D1YValuation
EMSTEEL EMSTEEL Building Materials PJSCد.إ1.107.8%
+د.إ548.0m		6.8%PE14.4x
BILDCO Abu Dhabi National Company for Building Materials PJSCد.إ1.6024.0%
+د.إ93.0m		127.0%PS10.4x
NCC National Cement Company (Public Shareholding)د.إ4.153.8%
+د.إ53.8m		26.5%PE7.3x
RAKWCT Ras Al Khaimah for White Cement & Construction Materials P.S.Cد.إ0.934.5%
+د.إ20.0m		-19.1%PE11.6x
GCEM Gulf Cement Company P.S.Cد.إ0.915.1%
+د.إ18.1m		30.2%PS0.7x

Latest News

BOROUGE
د.إ2.54
Borouge
7D
-3.8%
1Y
-1.6%

BOROUGE: Dividend Policy And Governance Changes Will Support A Balanced Forward Outlook

Analysts have made only a marginal adjustment to Borouge's AED price target, with the updated figure now sitting just below the previous level. The change reflects slightly higher revenue growth assumptions alongside a modestly different view on discount rates, profit margins and future P/E.
APEX
د.إ3.28
Apex Investment PSC
7D
-0.6%
1Y
-21.5%
FERTIGLB
د.إ3.09
Fertiglobe
7D
-0.3%
1Y
36.7%
SCIDC
د.إ1.03
Sharjah Cement and Industrial Development (PJSC)
7D
-9.6%
1Y
54.2%
FBI
د.إ3.06
Fujairah Building Industries P.J.S.C
7D
2.0%
1Y
-9.7%
NCC
د.إ4.15
National Cement Company (Public Shareholding)
7D
3.8%
1Y
26.5%
FCI
د.إ0.46
Fujairah Cement Industries PJSC
7D
-0.2%
1Y
47.1%
EMSTEEL
د.إ1.10
EMSTEEL Building Materials PJSC
7D
7.8%
1Y
6.8%
GCEM
د.إ0.91
Gulf Cement Company P.S.C
7D
5.1%
1Y
30.2%
BILDCO
د.إ1.60
Abu Dhabi National Company for Building Materials PJSC
7D
24.0%
1Y
127.0%
RAKWCT
د.إ0.93
Ras Al Khaimah for White Cement & Construction Materials P.S.C
7D
4.5%
1Y
-19.1%