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Emirati (ADX) Materials Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies11
  • 7D0.7%
  • 3M2.2%
  • 1Y8.8%
  • YTD2.6%

Over the last 7 days, the Materials industry has remained flat, although notably EMSTEEL Building Materials PJSC declined by 6.5%. As for the the longer term, the industry is up 8.8% over the past 12 months. Looking forward, earnings are forecast to decline by 9.5% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026د.إ126.4bد.إ44.0bد.إ6.4b12.1x19.7x2.9x
Fri, 27 Feb 2026د.إ124.5bد.إ43.9bد.إ6.4b13x19.4x2.8x
Sun, 25 Jan 2026د.إ124.3bد.إ42.3bد.إ6.2b13.3x20.1x2.9x
Tue, 23 Dec 2025د.إ122.9bد.إ42.3bد.إ6.2b13x19.9x2.9x
Thu, 20 Nov 2025د.إ118.7bد.إ42.3bد.إ6.2b13.2x19.2x2.8x
Sat, 18 Oct 2025د.إ124.9bد.إ41.5bد.إ5.2b16.7x24x3x
Mon, 15 Sep 2025د.إ124.8bد.إ41.5bد.إ5.2b16.6x24x3x
Wed, 13 Aug 2025د.إ128.3bد.إ41.5bد.إ5.1b18x24.9x3.1x
Fri, 11 Jul 2025د.إ126.4bد.إ41.6bد.إ5.4b17x23.5x3x
Sun, 08 Jun 2025د.إ123.3bد.إ41.6bد.إ5.4b16.6x22.9x3x
Tue, 06 May 2025د.إ123.0bد.إ41.0bد.إ5.6b19.4x22.1x3x
Thu, 03 Apr 2025د.إ117.8bد.إ40.6bد.إ5.6b18.8x21.2x2.9x
Sat, 01 Mar 2025د.إ126.1bد.إ40.6bد.إ5.3b19x23.6x3.1x
Mon, 27 Jan 2025د.إ125.0bد.إ40.7bد.إ5.3b18.9x23.4x3.1x
Wed, 25 Dec 2024د.إ120.0bد.إ40.7bد.إ5.3b19x22.5x2.9x
Fri, 22 Nov 2024د.إ120.7bد.إ40.7bد.إ5.3b19x22.6x3x
Sun, 20 Oct 2024د.إ122.2bد.إ40.7bد.إ5.7b18x21.5x3x
Tue, 17 Sep 2024د.إ117.6bد.إ40.7bد.إ5.7b18.3x20.7x2.9x
Thu, 15 Aug 2024د.إ110.4bد.إ40.7bد.إ5.7b17.6x19.4x2.7x
Sat, 13 Jul 2024د.إ107.4bد.إ40.8bد.إ5.7b17.7x18.8x2.6x
Mon, 10 Jun 2024د.إ108.4bد.إ40.8bد.إ5.7b17.4x19x2.7x
Wed, 08 May 2024د.إ116.3bد.إ41.6bد.إ5.7b21.5x20.5x2.8x
Fri, 05 Apr 2024د.إ116.5bد.إ43.4bد.إ5.5b20.4x21.1x2.7x
Sun, 03 Mar 2024د.إ113.8bد.إ43.4bد.إ5.6b20.2x20.4x2.6x
Tue, 30 Jan 2024د.إ114.7bد.إ50.9bد.إ6.6b16.8x17.3x2.3x
Thu, 28 Dec 2023د.إ118.1bد.إ50.9bد.إ6.7b18.4x17.6x2.3x
Sat, 25 Nov 2023د.إ121.1bد.إ50.9bد.إ6.7b19.4x18x2.4x
Mon, 23 Oct 2023د.إ118.6bد.إ49.0bد.إ6.3b19.8x19x2.4x
Wed, 20 Sep 2023د.إ129.9bد.إ49.0bد.إ6.2b21.5x20.8x2.6x
Fri, 18 Aug 2023د.إ135.1bد.إ49.0bد.إ6.2b22.5x21.6x2.8x
Sun, 16 Jul 2023د.إ129.6bد.إ50.5bد.إ7.5b20.3x17.3x2.6x
Tue, 13 Jun 2023د.إ125.3bد.إ50.5bد.إ7.5b20.6x16.7x2.5x
Thu, 11 May 2023د.إ128.7bد.إ50.1bد.إ7.4b20.7x17.4x2.6x
Sat, 08 Apr 2023د.إ132.2bد.إ52.7bد.إ9.0b18.8x14.7x2.5x
Price to Earnings Ratio

14.7x


Total Market Cap: د.إ132.2bTotal Earnings: د.إ9.0bTotal Revenue: د.إ52.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Materials Sector Price to Earnings3Y Average 20.5x202420252026
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 20.5x.
  • 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 Market-0.56%
Materials0.74%
Chemicals1.74%
Basic Materials-3.55%
Industry PE
  • Investors are most optimistic about the Basic Materials industry even though it's trading below its 3-year average PE ratio of 63.8x.
    • 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 18.0x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Chemicals industry since they expect its earnings to decline by only 9.5% 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 80% per year.
  • In contrast, the Chemicals industry is expected to see its earnings decline by 9.5% 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
FERTIGLB Fertiglobeد.إ3.093.0%
+د.إ746.6m		43.7%PE16.1x
BOROUGE Borougeد.إ2.610.4%
+د.إ298.3m		5.7%PE19.5x
NCC National Cement Company (Public Shareholding)د.إ4.504.2%
+د.إ64.6m		1.8%PE7.9x
FBI Fujairah Building Industries P.J.S.Cد.إ3.005.3%
+د.إ20.4m		-11.8%PE10.7x

Latest News

FCI
د.إ0.46
Fujairah Cement Industries PJSC
7D
-0.7%
1Y
24.5%
EMSTEEL
د.إ0.98
EMSTEEL Building Materials PJSC
7D
-9.2%
1Y
-12.4%
FERTIGLB
د.إ3.09
Fertiglobe
7D
3.0%
1Y
43.7%

FERTIGLB: Dividend Visibility And Earnings Profile Will Support Balanced Future Outlook

Analysts have marginally raised their AED fair value estimate for Fertiglobe from AED 3.03 to AED 3.06, reflecting updated views on revenue growth, profit margins, and future P/E assumptions. What's in the News The board approved a total cash dividend of US$260 million for the financial year ended 31 December 2025, equivalent to AED 955 million or 11.64 fils per share.
NCC
د.إ4.50
National Cement Company (Public Shareholding)
7D
4.2%
1Y
1.8%
GCEM
د.إ0.84
Gulf Cement Company P.S.C
7D
-0.8%
1Y
20.3%
SCIDC
د.إ1.07
Sharjah Cement and Industrial Development (PJSC)
7D
-1.8%
1Y
39.1%
BOROUGE
د.إ2.61
Borouge
7D
0.4%
1Y
5.7%

BOROUGE: Dividend Proposal And Refined Assumptions Will Shape A Steady Outlook

Analysts have nudged their AED based price target for Borouge slightly higher, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions that together indicate a modestly improved outlook in their models. What's in the News The board met on 3 February 2026 to review the annual audited financial statements for the year ended 31 December 2025 and to consider key corporate items, including dividends and the timing and agenda of the next general assembly meeting (company board meeting announcement).
APEX
د.إ3.39
Apex Investment PSC
7D
-5.8%
1Y
-15.9%
BILDCO
د.إ1.13
Abu Dhabi National Company for Building Materials PJSC
7D
-11.7%
1Y
49.5%
FBI
د.إ3.00
Fujairah Building Industries P.J.S.C
7D
5.3%
1Y
-11.8%
RAKWCT
د.إ0.88
Ras Al Khaimah for White Cement & Construction Materials P.S.C
7D
-4.8%
1Y
-20.4%