Narrative Update • May 11
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Spanish (IBEX) Materials Sector Analysis
UpdatedMay 12, 2026
DataAggregated Company Financials
Companies12
- 7D1.3%
- 3M-1.2%
- 1Y9.6%
- YTD2.6%
Over the last 7 days, the Materials industry has risen 1.3%, driven by gains from Acerinox of 3.1%. This means that the industry has gained 9.6% over the past year. Looking forward, earnings are forecast to grow by 48% annually.
Sector Valuation and Performance
Has the Spanish Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | €12.4b | €12.3b | €662.7m | 12.2x | 18.8x | 1x |
| Thu, 09 Apr 2026 | €12.1b | €12.5b | €658.5m | 11.8x | 18.4x | 1x |
| Sat, 07 Mar 2026 | €11.7b | €12.5b | €715.2m | 11.8x | 16.3x | 0.9x |
| Mon, 02 Feb 2026 | €12.1b | €12.6b | €882.3m | 12.8x | 13.7x | 1x |
| Wed, 31 Dec 2025 | €12.2b | €12.6b | €882.3m | 12.2x | 13.8x | 1x |
| Fri, 28 Nov 2025 | €11.5b | €12.7b | €848.4m | 11.9x | 13.5x | 0.9x |
| Sun, 26 Oct 2025 | €11.5b | €12.7b | €908.9m | 11.9x | 12.7x | 0.9x |
| Tue, 23 Sep 2025 | €11.5b | €12.7b | €909.7m | 12x | 12.6x | 0.9x |
| Thu, 21 Aug 2025 | €11.6b | €12.7b | €909.6m | 12.2x | 12.8x | 0.9x |
| Sat, 19 Jul 2025 | €11.9b | €12.7b | €943.9m | 11.3x | 12.6x | 0.9x |
| Mon, 16 Jun 2025 | €11.5b | €12.7b | €943.9m | 11.2x | 12.2x | 0.9x |
| Wed, 14 May 2025 | €11.5b | €12.7b | €963.4m | 10.8x | 12x | 0.9x |
| Fri, 11 Apr 2025 | €10.6b | €12.4b | €1.0b | 9.6x | 10.2x | 0.9x |
| Sun, 09 Mar 2025 | €11.9b | €12.4b | €1.0b | 9.9x | 11.5x | 1x |
| Tue, 04 Feb 2025 | €11.2b | €12.9b | €949.1m | 10.7x | 11.8x | 0.9x |
| Thu, 02 Jan 2025 | €10.7b | €12.0b | €723.8m | 12.1x | 14.8x | 0.9x |
| Sat, 30 Nov 2024 | €10.7b | €12.1b | €721.2m | 12.1x | 14.8x | 0.9x |
| Mon, 28 Oct 2024 | €9.4b | €12.4b | €717.7m | 12.7x | 13.1x | 0.8x |
| Wed, 25 Sep 2024 | €9.4b | €12.0b | €674.4m | 14.2x | 13.9x | 0.8x |
| Fri, 23 Aug 2024 | €8.9b | €12.0b | €681.0m | 13.6x | 13.1x | 0.7x |
| Sun, 21 Jul 2024 | €8.9b | €12.4b | €734.9m | 11.8x | 12.1x | 0.7x |
| Tue, 18 Jun 2024 | €9.6b | €12.4b | €734.9m | 12.1x | 13x | 0.8x |
| Thu, 16 May 2024 | €9.8b | €12.5b | €702.3m | 11x | 13.9x | 0.8x |
| Sat, 13 Apr 2024 | €9.1b | €12.8b | €800.8m | 10.8x | 11.4x | 0.7x |
| Mon, 11 Mar 2024 | €8.8b | €12.8b | €799.6m | 10.2x | 11x | 0.7x |
| Wed, 07 Feb 2024 | €9.0b | €13.2b | €902.0m | 11x | 9.9x | 0.7x |
| Fri, 05 Jan 2024 | €8.9b | €13.2b | €902.0m | 11.7x | 9.8x | 0.7x |
| Sun, 03 Dec 2023 | €8.5b | €13.1b | €904.6m | 11x | 9.4x | 0.6x |
| Tue, 31 Oct 2023 | €7.6b | €13.8b | €969.9m | 9x | 7.8x | 0.5x |
| Thu, 28 Sep 2023 | €7.9b | €13.8b | €940.7m | 9x | 8.4x | 0.6x |
| Sat, 26 Aug 2023 | €7.9b | €13.9b | €940.7m | 9x | 8.4x | 0.6x |
| Mon, 24 Jul 2023 | €8.3b | €14.9b | €1.2b | 8.9x | 6.8x | 0.6x |
| Wed, 21 Jun 2023 | €8.3b | €14.7b | €1.2b | 8.8x | 7.2x | 0.6x |
| Fri, 19 May 2023 | €8.5b | €15.2b | €1.3b | 10.1x | 6.7x | 0.6x |
Price to Earnings Ratio
6.7x
Current Industry PE
- Investors are optimistic on the Spanish Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 11.9x.
- The 3-year average PS ratio of 0.79x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 19% per year over the last three years,
- Revenues have also declined 6.8% 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 Spanish Materials sector?
| ES Market | 2.24% | |
| Materials | 1.33% | |
| Metals and Mining | 2.82% | |
| Basic Materials | 1.45% | |
| Paper and Forestry Products | -0.0047% | |
| Packaging | -0.064% | |
| Chemicals | -0.66% | |
Industry PE
- Investors are most optimistic about the Packaging industry, which is trading close to its 3-year average PE ratio of 13.5x.
- Analysts are expecting annual earnings growth of 7.8%, which is higher than its past year's earnings decline of 12.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 83% over the next 5 years.
- This is better than its past earnings decline of 35% per year.
- In contrast, the Packaging industry is expected to see its earnings grow by 7.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IMC Inmocemento | €3.80 | 5.6% +€90.9m | 15.7% | PE5x |