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Swiss (SMI) Materials Sector Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies10
  • 7D-2.0%
  • 3M-18.7%
  • 1Y-24.6%
  • YTD-15.5%

In the last week, the Materials industry is flat overall, with Givaudan standing out by going down 4.9%. Unfortunately though, the industry is down 23% over the past 12 months. Looking forward, earnings are forecast to grow by 6.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025CHF 142.5bCHF 65.2bCHF 7.1b25.1x20x2.2x
Fri, 15 Aug 2025CHF 144.4bCHF 65.6bCHF 7.2b24.8x20x2.2x
Sun, 13 Jul 2025CHF 150.2bCHF 66.3bCHF 7.1b31.9x21.1x2.3x
Tue, 10 Jun 2025CHF 150.7bCHF 59.4bCHF 6.0b34.8x25.3x2.5x
Thu, 08 May 2025CHF 145.3bCHF 59.3bCHF 6.0b33.7x24.4x2.4x
Sat, 05 Apr 2025CHF 137.3bCHF 59.4bCHF 6.0b32.3x23.1x2.3x
Mon, 03 Mar 2025CHF 155.7bCHF 59.6bCHF 5.9b30.5x26.2x2.6x
Wed, 29 Jan 2025CHF 152.8bCHF 60.1bCHF 6.0b29.6x25.6x2.5x
Fri, 27 Dec 2024CHF 145.7bCHF 59.8bCHF 5.9b27.7x24.6x2.4x
Sun, 24 Nov 2024CHF 151.0bCHF 59.7bCHF 5.9b30.1x25.5x2.5x
Tue, 22 Oct 2024CHF 156.1bCHF 59.8bCHF 5.9b33.9x26.5x2.6x
Thu, 19 Sep 2024CHF 158.3bCHF 59.9bCHF 5.9b29.4x26.6x2.6x
Sat, 17 Aug 2024CHF 152.8bCHF 60.1bCHF 5.9b29.7x25.7x2.5x
Mon, 15 Jul 2024CHF 160.1bCHF 60.4bCHF 5.7b28.2x27.9x2.6x
Wed, 12 Jun 2024CHF 158.5bCHF 60.4bCHF 5.7b27.2x27.6x2.6x
Fri, 10 May 2024CHF 158.6bCHF 60.4bCHF 5.7b29.2x27.7x2.6x
Sun, 07 Apr 2024CHF 154.4bCHF 60.5bCHF 5.6b28.8x27.4x2.6x
Tue, 05 Mar 2024CHF 144.1bCHF 60.9bCHF 5.9b29.2x24.4x2.4x
Thu, 01 Feb 2024CHF 141.3bCHF 62.1bCHF 5.8b33.8x24.2x2.3x
Sat, 30 Dec 2023CHF 146.9bCHF 62.1bCHF 5.8b34.5x25.3x2.4x
Mon, 27 Nov 2023CHF 136.5bCHF 62.4bCHF 5.8b32.2x23.5x2.2x
Wed, 25 Oct 2023CHF 123.4bCHF 62.3bCHF 5.8b29.5x21.3x2x
Fri, 22 Sep 2023CHF 132.3bCHF 62.0bCHF 5.8b30.8x23x2.1x
Sun, 20 Aug 2023CHF 131.4bCHF 62.0bCHF 5.8b31.7x22.6x2.1x
Tue, 18 Jul 2023CHF 135.9bCHF 63.9bCHF 5.9b33.5x22.8x2.1x
Thu, 15 Jun 2023CHF 138.6bCHF 63.9bCHF 5.9b34.4x23.3x2.2x
Sat, 13 May 2023CHF 139.4bCHF 63.9bCHF 5.9b34.1x23.5x2.2x
Mon, 10 Apr 2023CHF 133.9bCHF 64.0bCHF 5.9b33.3x22.6x2.1x
Wed, 08 Mar 2023CHF 136.4bCHF 63.8bCHF 6.0b33.7x22.9x2.1x
Fri, 03 Feb 2023CHF 141.3bCHF 62.4bCHF 5.7b32.9x24.9x2.3x
Sun, 01 Jan 2023CHF 122.9bCHF 62.2bCHF 5.6b29.1x21.9x2x
Tue, 29 Nov 2022CHF 131.2bCHF 62.2bCHF 5.6b31.2x23.5x2.1x
Thu, 27 Oct 2022CHF 124.9bCHF 61.7bCHF 5.6b29.5x22.3x2x
Sat, 24 Sep 2022CHF 115.2bCHF 61.5bCHF 5.6b26.2x20.6x1.9x
Price to Earnings Ratio

20.6x


Total Market Cap: CHF 115.2bTotal Earnings: CHF 5.6bTotal Revenue: CHF 61.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Materials Sector Price to Earnings3Y Average 24.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Swiss Materials 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 20.3x which is lower than its 3-year average PE of 24.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 8.4% per year over the last three years.
  • Revenues for these companies have grown 2.0% 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 Swiss Materials sector?

CH Market-1.75%
Materials-2.03%
Paper and Forestry Products0.27%
Metals and Mining0%0
Basic Materials-0.13%
Packaging-1.02%
Chemicals-3.56%
Industry PE
  • Investors are most optimistic about the Chemicals industry even though it's trading below its 3-year average PE ratio of 34.8x.
    • Analysts are expecting annual earnings growth of 8.0%, which is higher than its past year's earnings decline of 0.1% per year.
  • Investors are most pessimistic about the Paper and Forestry Products industry, which is trading below its 3-year average of 23.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 3.3% 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
HOLN HolcimCHF 68.081.5%
+CHF 538.8m		-17.7%PE11.6x
VETN Vetropack HoldingCHF 24.700.4%
+CHF 2.0m		-20.8%PE34.7x
CPHN CPH GroupCHF 73.200.3%
+CHF 1.2m		15.8%PE14.4x

Latest News

CLN
CHF 8.06
Clariant
7D
-1.6%
1Y
-35.5%

Is Clariant AG (VTX:CLN) Trading At A 32% Discount?

Sep 17
Is Clariant AG (VTX:CLN) Trading At A 32% Discount?
SIGN
CHF 12.77
SIG Group
7D
-1.2%
1Y
-24.4%

Expansion In India And China And Sustainability Initiatives Will Improve Future Market Position

Analysts have modestly reduced their price target for SIG Group to CHF19.54, reflecting near-term operational or market headwinds tempered by continued confidence in long-term prospects following recent management changes. Analyst Commentary Bullish analysts highlight attractive risk/reward stemming from recent management changes.
GIVN
CHF 3,356.00
Givaudan
7D
-4.9%
1Y
-26.0%

Emerging Markets And Sustainable Ingredients Will Drive Future Expansion

Analysts remain moderately optimistic on Givaudan, citing long-term benefits from regulatory-driven reformulation and market share gains tempered by near-term margin pressures and valuation concerns, resulting in an unchanged consensus price target of CHF4127. Analyst Commentary Bullish analysts expect Givaudan to benefit from industry-wide reformulation trends starting in 2026 as regulatory pressures phase out synthetic colors and ingredients, particularly in the U.S. Increases in price targets reflect confidence in Givaudan’s ability to capture incremental market share and drive organic growth amid evolving consumer preferences.
HOLN
CHF 68.08
Holcim
7D
1.5%
1Y
-17.7%

Aggressive Projections Will Falter Amid Regulatory And Market Risks

Holcim’s modestly higher price target reflects mixed analyst views on the Amrize spin-off, with bullish arguments centered on exposure to European recovery, structural decarbonization growth, and valuation appeal, while concerns over fair value and post-spin dynamics temper optimism—leading to a revised consensus price target of CHF66.96. Analyst Commentary Diverging analyst reactions to the spin-out of Holcim's North American operations into Amrize, with some seeing reduced value and others focusing on stronger balance sheet and potential margin improvement.
EMSN
CHF 583.00
EMS-CHEMIE HOLDING
7D
-4.9%
1Y
-15.6%
VETN
CHF 24.70
Vetropack Holding
7D
0.4%
1Y
-20.8%
GURN
CHF 13.18
Gurit Holding
7D
-1.5%
1Y
-53.8%
SIKA
CHF 182.65
Sika
7D
-1.6%
1Y
-32.8%

Slowing Rates Of Return At Sika (VTX:SIKA) Leave Little Room For Excitement

Aug 15
Slowing Rates Of Return At Sika (VTX:SIKA) Leave Little Room For Excitement
AMRZ
CHF 42.36
Amrize
7D
-2.6%
1Y
n/a
CPHN
CHF 73.20
CPH Group
7D
0.3%
1Y
15.8%