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Emirati (ADX) Materials Sector Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.6%
  • 3M-0.06%
  • 1Y5.8%
  • YTD-1.2%

Over the last 7 days, the Materials industry has dropped 1.4%, driven by a pullback from Borouge of 3.5%. On the other hand Fertiglobe is actually up 5.1%. This takes the industry's 12 month performance to a gain of 5.9%. As for the next few years, earnings are forecast to decline by 9.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026د.إ121.7bد.إ43.9bد.إ6.5b11.9x18.8x2.8x
Sun, 08 Feb 2026د.إ127.0bد.إ42.5bد.إ6.2b13.2x20.7x3x
Tue, 06 Jan 2026د.إ122.7bد.إ42.3bد.إ6.2b12.8x19.9x2.9x
Thu, 04 Dec 2025د.إ120.4bد.إ42.3bد.إ6.2b13.2x19.4x2.8x
Sat, 01 Nov 2025د.إ121.6bد.إ41.0bد.إ5.0b16.6x24.1x3x
Mon, 29 Sep 2025د.إ124.5bد.إ41.5bد.إ5.2b16.6x24x3x
Wed, 27 Aug 2025د.إ128.8bد.إ41.5bد.إ5.2b17.1x24.8x3.1x
Fri, 25 Jul 2025د.إ128.6bد.إ41.6bد.إ5.4b17.1x23.9x3.1x
Sun, 22 Jun 2025د.إ118.9bد.إ41.6bد.إ5.4b16.5x22.1x2.9x
Tue, 20 May 2025د.إ123.8bد.إ41.6bد.إ5.4b16.7x23x3x
Thu, 17 Apr 2025د.إ122.5bد.إ40.6bد.إ5.6b17.8x22x3x
Sat, 15 Mar 2025د.إ115.3bد.إ40.6bد.إ5.4b18.5x21.2x2.8x
Mon, 10 Feb 2025د.إ124.8bد.إ41.2bد.إ5.5b18.9x22.7x3x
Wed, 08 Jan 2025د.إ121.3bد.إ40.7bد.إ5.3b18.8x22.7x3x
Fri, 06 Dec 2024د.إ122.3bد.إ40.7bد.إ5.3b19.2x22.9x3x
Sun, 03 Nov 2024د.إ124.4bد.إ40.9bد.إ5.5b18.5x22.6x3x
Tue, 01 Oct 2024د.إ121.6bد.إ40.7bد.إ5.7b17.7x21.4x3x
Thu, 29 Aug 2024د.إ116.0bد.إ40.7bد.إ5.7b18.3x20.4x2.8x
Sat, 27 Jul 2024د.إ112.5bد.إ40.9bد.إ5.7b17.2x19.6x2.8x
Mon, 24 Jun 2024د.إ108.0bد.إ40.8bد.إ5.7b17.7x18.9x2.6x
Wed, 22 May 2024د.إ112.5bد.إ40.8bد.إ5.6b18.3x20x2.8x
Fri, 19 Apr 2024د.إ116.2bد.إ41.9bد.إ5.2b20.2x22.2x2.8x
Sun, 17 Mar 2024د.إ115.8bد.إ43.4bد.إ5.6b20.9x20.8x2.7x
Tue, 13 Feb 2024د.إ113.8bد.إ43.2bد.إ5.5b19.1x20.8x2.6x
Thu, 11 Jan 2024د.إ118.1bد.إ50.9bد.إ6.7b19x17.6x2.3x
Sat, 09 Dec 2023د.إ118.2bد.إ50.9bد.إ6.7b18.6x17.6x2.3x
Mon, 06 Nov 2023د.إ122.3bد.إ53.8bد.إ7.6b18.9x16x2.3x
Wed, 04 Oct 2023د.إ128.5bد.إ49.0bد.إ6.2b21x20.6x2.6x
Fri, 01 Sep 2023د.إ131.7bد.إ49.0bد.إ6.2b22.1x21.1x2.7x
Sun, 30 Jul 2023د.إ134.7bد.إ52.9bد.إ7.6b20x17.6x2.5x
Tue, 27 Jun 2023د.إ125.5bد.إ50.5bد.إ7.5b18.9x16.7x2.5x
Thu, 25 May 2023د.إ125.2bد.إ50.5bد.إ7.5b20.3x16.7x2.5x
Sat, 22 Apr 2023د.إ130.7bد.إ52.7bد.إ9.0b19.4x14.5x2.5x
Mon, 20 Mar 2023د.إ129.5bد.إ52.7bد.إ9.1b19.6x14.3x2.5x
Price to Earnings Ratio

14.3x


Total Market Cap: د.إ129.5bTotal Earnings: د.إ9.1bTotal Revenue: د.إ52.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Emirati Materials Sector Price to Earnings3Y Average 20.4x202420252026
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 20.4x.
  • 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-5.88%
Materials-1.64%
Chemicals-1.11%
Basic Materials-3.88%
Industry PE
  • Investors are most optimistic about the Basic Materials industry even though it's trading below its 3-year average PE ratio of 64.0x.
    • 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 17.9x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Chemicals industry since they expect its earnings to decline by only 9.9% 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 80% per year.
  • In contrast, the Chemicals industry is expected to see its earnings decline by 9.9% 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.إ2.946.9%
+د.إ1.6b		31.8%PE15.3x
FBI Fujairah Building Industries P.J.S.Cد.إ3.0010.3%
+د.إ38.1m		-13.5%PE10.7x
SCIDC Sharjah Cement and Industrial Development (PJSC)د.إ1.092.8%
+د.إ18.2m		58.0%PE6.3x
FCI Fujairah Cement Industries PJSCد.إ0.461.8%
+د.إ2.8m		50.7%PS1.4x

Latest News

FBI
د.إ3.00
Fujairah Building Industries P.J.S.C
7D
10.3%
1Y
-13.5%
SCIDC
د.إ1.09
Sharjah Cement and Industrial Development (PJSC)
7D
2.8%
1Y
58.0%
BILDCO
د.إ1.21
Abu Dhabi National Company for Building Materials PJSC
7D
-9.7%
1Y
51.4%
FERTIGLB
د.إ2.94
Fertiglobe
7D
6.9%
1Y
31.8%

FERTIGLB: Future Earnings Profile And Dividend Plans Will Support Fair Outlook

Analysts have nudged their AED fair value estimate for Fertiglobe from about AED 2.98 to around AED 3.03, reflecting updated views on the company’s revenue trajectory, profit margins and future P/E expectations. What's in the News Board meeting scheduled for Feb 10, 2026 at 14:00 UTC to review preliminary unaudited annual financial statements for the year ended Dec 31, 2025, consider a proposed cash dividend of US$135 million for the second half of 2025, and discuss convening the annual general assembly on Mar 9, 2026 (company event disclosure).
GCEM
د.إ0.87
Gulf Cement Company P.S.C
7D
-11.2%
1Y
55.4%
EMSTEEL
د.إ1.06
EMSTEEL Building Materials PJSC
7D
-3.6%
1Y
-8.6%
BOROUGE
د.إ2.50
Borouge
7D
-3.5%
1Y
5.5%

BOROUGE: Dividend Proposal And Revised Assumptions Will Support Fair Value Outlook

Analysts have slightly raised their fair value estimate for Borouge from AED 2.78 to AED 2.82, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Borouge's board proposed a cash dividend of 8.1 fils per share for the second half of the 2025 financial year, totaling about US$663 million, or approximately AED 2,435 million, subject to shareholder approval at the upcoming general assembly (company board meeting disclosure).
FCI
د.إ0.46
Fujairah Cement Industries PJSC
7D
1.8%
1Y
50.7%
APEX
د.إ3.23
Apex Investment PSC
7D
-5.0%
1Y
-20.8%

Apex Investment PSC's (ADX:APEX) Share Price Could Signal Some Risk

Feb 11
Apex Investment PSC's (ADX:APEX) Share Price Could Signal Some Risk
RAKWCT
د.إ0.91
Ras Al Khaimah for White Cement & Construction Materials P.S.C
7D
-2.7%
1Y
-21.3%