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Emirati (ADX) Materials Sector Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies11
  • 7D1.5%
  • 3M3.5%
  • 1Y11.3%
  • YTD3.5%

Over the last 7 days, the Materials industry has risen 1.5%, driven by gains in Borouge and Fertiglobe of 1.9% and 5.3%, respectively. Meanwhile, EMSTEEL Building Materials PJSC actually underperformed within the industry, shrinking 7.8% in the last week. In the last 12 months, the industry was up 9.5%. In the next few years, earnings are forecast to decline by 8.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026د.إ127.2bد.إ44.0bد.إ6.4b11.8x19.8x2.9x
Mon, 02 Mar 2026د.إ124.2bد.إ43.9bد.إ6.4b13x19.3x2.8x
Wed, 28 Jan 2026د.إ124.7bد.إ42.3bد.إ6.2b13.2x20.2x2.9x
Fri, 26 Dec 2025د.إ123.5bد.إ42.3bد.إ6.2b13x20x2.9x
Sun, 23 Nov 2025د.إ119.4bد.إ42.3bد.إ6.2b13.1x19.3x2.8x
Tue, 21 Oct 2025د.إ124.9bد.إ41.5bد.إ5.2b16.7x24x3x
Thu, 18 Sep 2025د.إ125.3bد.إ41.5bد.إ5.2b16.5x24.1x3x
Sat, 16 Aug 2025د.إ128.4bد.إ41.5bد.إ5.2b17.1x24.5x3.1x
Mon, 14 Jul 2025د.إ126.2bد.إ41.6bد.إ5.4b17x23.4x3x
Wed, 11 Jun 2025د.إ123.1bد.إ41.6bد.إ5.4b16.6x22.9x3x
Fri, 09 May 2025د.إ122.9bد.إ41.0bد.إ5.6b19.8x21.9x3x
Sun, 06 Apr 2025د.إ115.1bد.إ40.6bد.إ5.6b17.8x20.7x2.8x
Tue, 04 Mar 2025د.إ125.5bد.إ40.6bد.إ5.4b20.4x23x3.1x
Thu, 30 Jan 2025د.إ123.0bد.إ40.7bد.إ5.3b18.8x23x3x
Sat, 28 Dec 2024د.إ119.0bد.إ40.7bد.إ5.3b19x22.3x2.9x
Mon, 25 Nov 2024د.إ120.1bد.إ40.7bد.إ5.3b19x22.5x2.9x
Wed, 23 Oct 2024د.إ123.5bد.إ40.7bد.إ5.7b18.1x21.7x3x
Fri, 20 Sep 2024د.إ121.4bد.إ40.7bد.إ5.7b18.4x21.3x3x
Sun, 18 Aug 2024د.إ111.5bد.إ40.7bد.إ5.7b17.7x19.6x2.7x
Tue, 16 Jul 2024د.إ108.5bد.إ40.8bد.إ5.7b17.7x19x2.7x
Thu, 13 Jun 2024د.إ109.4bد.إ40.8bد.إ5.7b17.7x19.2x2.7x
Sat, 11 May 2024د.إ115.5bد.إ41.4bد.إ5.7b20.3x20.4x2.8x
Mon, 08 Apr 2024د.إ115.0bد.إ43.4bد.إ5.5b20.1x20.8x2.7x
Wed, 06 Mar 2024د.إ113.7bد.إ43.4bد.إ5.6b20.7x20.4x2.6x
Fri, 02 Feb 2024د.إ114.4bد.إ50.9bد.إ6.6b17.8x17.2x2.2x
Sun, 31 Dec 2023د.إ118.0bد.إ50.9bد.إ6.7b18.6x17.6x2.3x
Tue, 28 Nov 2023د.إ122.2bد.إ50.9bد.إ6.7b19.6x18.2x2.4x
Thu, 26 Oct 2023د.إ120.6bد.إ49.1bد.إ6.4b21.1x18.9x2.5x
Sat, 23 Sep 2023د.إ130.2bد.إ49.0bد.إ6.2b21.4x20.8x2.7x
Mon, 21 Aug 2023د.إ134.3bد.إ49.0bد.إ6.2b22.5x21.5x2.7x
Wed, 19 Jul 2023د.إ132.7bد.إ50.5bد.إ7.5b20.3x17.7x2.6x
Fri, 16 Jun 2023د.إ125.1bد.إ50.5bد.إ7.5b19.6x16.6x2.5x
Sun, 14 May 2023د.إ126.6bد.إ50.5bد.إ7.4b17.4x17x2.5x
Tue, 11 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-0.88%
Materials1.54%
Chemicals2.50%
Basic Materials-2.69%
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 8.8% 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 8.8% 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
BOROUGE Borougeد.إ2.651.9%
+د.إ1.5b		9.5%PE19.8x
FERTIGLB Fertiglobeد.إ3.134.3%
+د.إ1.1b		46.9%PE16.1x
NCC National Cement Company (Public Shareholding)د.إ4.256.3%
+د.إ89.7m		-3.2%PE7.5x

Latest News

BOROUGE
د.إ2.65
Borouge
7D
1.9%
1Y
9.5%
FCI
د.إ0.46
Fujairah Cement Industries PJSC
7D
-3.0%
1Y
31.9%
EMSTEEL
د.إ0.96
EMSTEEL Building Materials PJSC
7D
-6.8%
1Y
-12.7%
FERTIGLB
د.إ3.13
Fertiglobe
7D
4.3%
1Y
46.9%

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.إ4.25
National Cement Company (Public Shareholding)
7D
6.3%
1Y
-3.2%
GCEM
د.إ0.83
Gulf Cement Company P.S.C
7D
-1.4%
1Y
14.2%
SCIDC
د.إ1.04
Sharjah Cement and Industrial Development (PJSC)
7D
-1.0%
1Y
35.8%
APEX
د.إ3.40
Apex Investment PSC
7D
-1.4%
1Y
-10.3%
BILDCO
د.إ1.16
Abu Dhabi National Company for Building Materials PJSC
7D
-4.9%
1Y
62.7%
RAKWCT
د.إ0.89
Ras Al Khaimah for White Cement & Construction Materials P.S.C
7D
-4.5%
1Y
-17.9%