Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

German (DAX) Materials Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies32
  • 7D0.2%
  • 3M3.3%
  • 1Y17.2%
  • YTD17.5%

The Materials industry has stayed flat over the last week. As for the the longer term, the industry is up 18% over the past 12 months. As for the next few years, earnings are expected to grow by 30% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025€133.2b€202.4b€1.6b22x81.6x0.7x
Sun, 23 Nov 2025€129.4b€202.7b€10.8m21.1x11998.3x0.6x
Tue, 21 Oct 2025€131.2b€204.7b€438.5m22x299.3x0.6x
Thu, 18 Sep 2025€131.2b€204.7b€438.5m21.3x299.1x0.6x
Sat, 16 Aug 2025€135.3b€207.3b€242.1m21.3x558.8x0.7x
Mon, 14 Jul 2025€137.9b€209.4b€2.5b20.8x56x0.7x
Wed, 11 Jun 2025€132.9b€206.9b€2.4b21x56.4x0.6x
Fri, 09 May 2025€134.3b€207.2b€2.2b19.2x60.8x0.6x
Sun, 06 Apr 2025€121.9b€207.4b€3.0b15.5x41x0.6x
Tue, 04 Mar 2025€131.9b€207.3b€2.5b18.3x52.5x0.6x
Thu, 30 Jan 2025€121.8b€206.9b€1.4b15.9x89.5x0.6x
Sat, 28 Dec 2024€113.8b€206.9b€1.4b15.3x83.4x0.5x
Mon, 25 Nov 2024€122.5b€213.6b€1.2b15.5x98.7x0.6x
Wed, 23 Oct 2024€125.7b€213.7b-€469,284,211.0313.6x-267.8x0.6x
Fri, 20 Sep 2024€118.2b€206.9b-€490,505,771.1714.4x-241x0.6x
Sun, 18 Aug 2024€110.6b€207.0b-€479,241,292.8514.3x-230.8x0.5x
Tue, 16 Jul 2024€116.0b€209.2b-€534,756,360.4013.7x-216.9x0.6x
Thu, 13 Jun 2024€117.1b€209.2b-€532,137,265.6613.9x-220x0.6x
Sat, 11 May 2024€120.2b€210.8b-€308,265,577.1912.1x-390x0.6x
Mon, 08 Apr 2024€125.9b€214.7b-€26,628,375.7412.1x-4729.7x0.6x
Wed, 06 Mar 2024€112.8b€216.9b€1.3b10.5x88.7x0.5x
Fri, 02 Feb 2024€111.4b€223.5b-€2,494,880,194.0011.7x-44.7x0.5x
Sun, 31 Dec 2023€119.0b€223.8b-€2,614,263,614.0012.4x-45.5x0.5x
Tue, 28 Nov 2023€111.2b€223.7b-€2,468,803,005.0010.9x-45x0.5x
Thu, 26 Oct 2023€104.8b€236.3b€2.4b10x44.2x0.4x
Sat, 23 Sep 2023€110.9b€236.3b€2.4b10.4x46.7x0.5x
Mon, 21 Aug 2023€113.6b€236.3b€2.4b10.9x47.8x0.5x
Wed, 19 Jul 2023€117.5b€247.2b€5.8b10.6x20.2x0.5x
Fri, 16 Jun 2023€114.6b€247.2b€5.8b13.2x19.7x0.5x
Sun, 14 May 2023€117.2b€247.8b€6.7b10.6x17.6x0.5x
Tue, 11 Apr 2023€117.0b€252.8b€7.7b10.3x15.3x0.5x
Thu, 09 Mar 2023€120.9b€252.8b€7.9b10.6x15.3x0.5x
Sat, 04 Feb 2023€128.4b€252.3b€15.5b9.5x8.3x0.5x
Mon, 02 Jan 2023€110.3b€252.3b€15.5b8.3x7.1x0.4x
Price to Earnings Ratio

7.1x


Total Market Cap: €110.3bTotal Earnings: €15.5bTotal Revenue: €252.3bTotal Market Cap vs Earnings and Revenue0%0%0%
German Materials Sector Price to Earnings3Y Average 50.7x20242025
Current Industry PE
  • Investors are optimistic on the German Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 81.6x which is higher than its 3-year average PE of 50.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 53% per year over the last three years,
  • Revenues have also declined 7.1% 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 German Materials sector?

DE Market0.12%
Materials0.24%
Basic Materials0.88%
Metals and Mining0.76%
Chemicals-0.17%
Paper and Forestry Products-2.42%
Packaging-8.99%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 53.9%, which is higher than its past year's earnings decline of 55.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 54% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 11% 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
HEI Heidelberg Materials€221.700.9%
+€352.8m		84.8%PE21x
NDA Aurubis€121.402.3%
+€117.9m		58.5%PE9.8x
ACT AlzChem Group€145.203.6%
+€50.5m		157.4%PE23.7x
1COV Covestro€59.980.3%
+€34.0m		6.6%PS0.8x
SDF K+S€12.240.7%
+€14.3m		17.0%PS0.6x

Latest News

BAS
€43.64
BASF
7D
-0.3%
1Y
2.2%

BAS: Coatings Sale Will Leave Limited Upside As Cyclical Headwinds Persist

Analysts have modestly raised their price target on BASF to EUR 52.00, citing a more favorable margin outlook supported by the sale price achieved for the coatings business, which came in ahead of expectations. Analyst Commentary While the latest coverage restart with a Buy rating and a EUR 52 price target underscores improved confidence in BASF's margin trajectory, sentiment across the broader analyst community remains mixed.
EVK
€13.11
Evonik Industries
7D
-0.3%
1Y
-21.5%

EVK: Cost Discipline And Specialty Focus Will Support Medium-Term Upside Potential

Evonik Industries’ latest narrative update reflects a lowered analyst price target to EUR 20.40 from EUR 25.00, as analysts factor in softer revenue growth, slightly compressed profit margins, and a reduced future P/E multiple amid a more cautious sector stance. Analyst Commentary Recent Street research on Evonik Industries reflects a more nuanced view, with a mix of cautious sector positioning and selective optimism on the company’s ability to execute amid a tougher macro backdrop.
SY1
€68.38
Symrise
7D
-0.5%
1Y
-33.2%

SY1: Margin Expansion And Diversified Demand Will Support Future Upside

Our Symrise fair value estimate has been trimmed by about EUR 1.50 per share, reflecting analysts' slightly lower long term revenue growth expectations and modestly reduced earnings multiples following a series of recent price target cuts. Analyst Commentary Recent price target revisions have been modestly negative on balance, but the tone of Street research remains mixed, with both upside and downside scenarios framed largely around execution on growth initiatives and margin delivery.
WCH
€66.60
Wacker Chemie
7D
-1.8%
1Y
-4.8%

WCH: Restructuring Uncertainty And Trade Policy Risks Will Likely Pressure Shares

Analysts have modestly reduced their price targets for Wacker Chemie, trimming expectations by a few euros per share as they factor in slower revenue growth, thinner profit margins, and valuation headwinds while awaiting clarity on U.S. trade policy and the company restructuring. Analyst Commentary Bearish analysts have shifted to a more cautious stance on Wacker Chemie, emphasizing execution risks around the ongoing restructuring, uncertainty over U.S. trade policy decisions, and a less supportive earnings backdrop.
2HRA
€4.41
H&R GmbH KGaA
7D
-1.3%
1Y
31.6%
NDA
€121.40
Aurubis
7D
2.3%
1Y
58.5%

NDA Risks Around Major Investment Projects Will Likely Cap Share Price Upside

Narrative Update on Aurubis The analyst price target for Aurubis has been raised from EUR 60 to EUR 78. This reflects analysts' expectations for stronger revenue growth, improved profit margins, and a more attractive future valuation multiple.
LXS
€17.08
LANXESS
7D
0.4%
1Y
-27.3%

LXS: Demand Recovery And Margin Actions Will Drive Bullish Repricing

Analysts have trimmed their price target on LANXESS to EUR 15 from EUR 21, citing weaker expected revenue growth, lower profit margins, a higher discount rate, and a richer future P E multiple. Together, these factors reduce estimated fair value from about EUR 37.49 to EUR 31.85 per share.
ACT
€145.20
AlzChem Group
7D
3.6%
1Y
157.4%

ACT: New Creatine Capacity And Partnerships Will Support Balanced Long Term Outlook

Analysts have raised their price target for AlzChem Group from €97.00 to €150.00, citing slightly stronger expectations for long term revenue growth and a higher justified future P E multiple, despite a modestly lower profit margin outlook. What's in the News AlzChem Group has approved an approximately EUR 120 million investment program to build a more automated creatine production plant and related infrastructure, targeting additional annual sales in the early triple-digit million euro range.
HEI
€221.70
Heidelberg Materials
7D
0.9%
1Y
84.8%

Is It Too Late To Consider Buying Heidelberg Materials AG (ETR:HEI)?

Dec 16
Is It Too Late To Consider Buying Heidelberg Materials AG (ETR:HEI)?
SZG
€39.58
Salzgitter
7D
-2.1%
1Y
141.3%

SZG: Regulatory Support Will Likely Fail To Justify Elevated Equity Multiples

We are raising our Salzgitter price target by approximately EUR 5 to about EUR 34, as analysts increasingly highlight multi year regulatory support and improving prospects for higher equity multiples, which is reflected in multiple recent rating upgrades and higher Street targets toward EUR 40. Analyst Commentary Recent research updates underscore a shift in sentiment toward Salzgitter, with several firms revising both ratings and target prices as they reassess the companys regulatory backdrop, earnings power, and equity rerating potential.
SDF
€12.24
K+S
7D
0.7%
1Y
17.0%

Getting In Cheap On K+S Aktiengesellschaft (ETR:SDF) Might Be Difficult

Dec 15
Getting In Cheap On K+S Aktiengesellschaft (ETR:SDF) Might Be Difficult
1COV
€59.98
Covestro
7D
0.3%
1Y
6.6%
IBU
€19.25
IBU-tec advanced materials
7D
-6.1%
1Y
188.2%

IBU-tec advanced materials (ETR:IBU) Is Carrying A Fair Bit Of Debt

Dec 01
IBU-tec advanced materials (ETR:IBU) Is Carrying A Fair Bit Of Debt
M0LY
€0.91
Greenland Resources
7D
7.1%
1Y
76.7%
EIS
€18.80
Eisen- und Hüttenwerke
7D
4.4%
1Y
56.7%
SIM0
€50.00
SIMONA
7D
-5.7%
1Y
-10.7%