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Spanish (IBEX) Materials Sector Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies13
  • 7D0.3%
  • 3M-0.4%
  • 1Y6.7%
  • YTD6.1%

The Materials is pretty flat in the last 7 days, but Vidrala has stood out, gaining 4.6%. As for the the longer term, the industry is up 6.7% over the past 12 months. As for the next few years, earnings are expected to grow by 35% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025€11.5b€13.0b€925.0m11.5x12.4x0.9x
Sat, 15 Nov 2025€11.2b€12.8b€848.4m12x13.2x0.9x
Mon, 13 Oct 2025€11.5b€12.7b€908.9m12.1x12.7x0.9x
Wed, 10 Sep 2025€11.4b€12.7b€909.7m12x12.5x0.9x
Fri, 08 Aug 2025€11.6b€12.7b€909.6m12.3x12.7x0.9x
Sun, 06 Jul 2025€11.9b€12.7b€943.9m11.4x12.6x0.9x
Tue, 03 Jun 2025€11.5b€12.7b€943.9m11x12.2x0.9x
Thu, 01 May 2025€11.0b€12.5b€1.0b10.7x10.6x0.9x
Sat, 29 Mar 2025€11.4b€12.4b€1.0b9.9x11x0.9x
Mon, 24 Feb 2025€11.5b€12.9b€949.1m10.7x12.1x0.9x
Wed, 22 Jan 2025€11.1b€12.9b€949.1m10.2x11.7x0.9x
Fri, 20 Dec 2024€10.7b€12.1b€721.2m11.9x14.8x0.9x
Sun, 17 Nov 2024€9.3b€12.1b€721.2m12.5x12.9x0.8x
Tue, 15 Oct 2024€9.2b€12.4b€717.7m12x12.8x0.7x
Thu, 12 Sep 2024€8.8b€12.0b€680.9m13.5x12.9x0.7x
Sat, 10 Aug 2024€8.8b€12.0b€681.0m13.4x13x0.7x
Mon, 08 Jul 2024€9.5b€12.4b€734.9m12.5x12.9x0.8x
Wed, 05 Jun 2024€9.7b€12.4b€734.8m12.4x13.2x0.8x
Fri, 03 May 2024€9.3b€12.4b€716.5m10.3x12.9x0.7x
Sun, 31 Mar 2024€9.1b€12.8b€800.8m10.8x11.4x0.7x
Tue, 27 Feb 2024€8.8b€13.2b€902.0m10.2x9.8x0.7x
Thu, 25 Jan 2024€8.7b€13.2b€902.0m11.2x9.6x0.7x
Sat, 23 Dec 2023€9.0b€13.2b€902.0m11.5x9.9x0.7x
Mon, 20 Nov 2023€8.1b€13.1b€904.6m11.2x9x0.6x
Wed, 18 Oct 2023€7.9b€13.8b€969.9m9.3x8.1x0.6x
Fri, 15 Sep 2023€8.0b€13.9b€940.7m9x8.6x0.6x
Sun, 13 Aug 2023€8.1b€13.9b€940.7m9.1x8.7x0.6x
Tue, 11 Jul 2023€8.2b€14.7b€1.1b8.8x7.2x0.6x
Thu, 08 Jun 2023€8.4b€14.7b€1.2b8.9x7.3x0.6x
Sat, 06 May 2023€8.6b€15.2b€1.3b10.1x6.9x0.6x
Mon, 03 Apr 2023€8.9b€15.1b€1.2b10.5x7.1x0.6x
Wed, 01 Mar 2023€9.2b€15.0b€1.4b11x6.5x0.6x
Fri, 27 Jan 2023€8.7b€14.9b€1.4b10.6x6.3x0.6x
Sun, 25 Dec 2022€7.9b€14.9b€1.4b10.6x5.7x0.5x
Price to Earnings Ratio

5.7x


Total Market Cap: €7.9bTotal Earnings: €1.4bTotal Revenue: €14.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Materials Sector Price to Earnings3Y Average 10.7x202320242025
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 12.4x which is higher than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 13% per year over the last three years,
  • Revenues have also declined 4.4% 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 Market0.63%
Materials0.33%
Packaging4.59%
Chemicals2.71%
Metals and Mining0.41%
Paper and Forestry Products-1.05%
Basic Materials-2.99%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 14.5x.
    • Analysts are expecting annual earnings growth of 65.4%, which is higher than its past year's earnings decline of 25.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 106% over the next 5 years.
  • In contrast, the Packaging industry is expected to see its earnings grow by 3.6% 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
VID Vidrala€88.205.8%
+€169.0m		1.1%PE13.2x
ACX Acerinox€12.000.9%
+€27.4m		30.3%PE42.8x
ECR Ercros€3.423.0%
+€9.1m		-3.7%PS0.5x
MCM Miquel y Costas & Miquel€14.001.4%
+€7.6m		12.0%PE11.5x
KOM Plásticos Compuestos€0.921.1%
+€119.3k		-12.4%PS0.2x

Latest News

KOM
€0.92
Plásticos Compuestos
7D
1.1%
1Y
-12.4%

Plásticos Compuestos (BME:KOM) Is Experiencing Growth In Returns On Capital

Dec 17
Plásticos Compuestos (BME:KOM) Is Experiencing Growth In Returns On Capital
ELZ
€0.085
Asturiana de Laminados
7D
-20.2%
1Y
n/a
VID
€88.20
Vidrala
7D
5.8%
1Y
1.1%

VID: Market Strength And Cash Discipline Will Support Future Upside

Analysts have nudged their price target on Vidrala slightly higher, from €106.21 to €106.59, reflecting modestly stronger revenue growth expectations even as they temper their overall stance on the shares to Neutral. Analyst Commentary Recent commentary from the Street highlights a more balanced risk reward profile for Vidrala, with analysts acknowledging solid fundamentals while questioning the scope for further upside after the recent share price performance.
MCM
€14.00
Miquel y Costas & Miquel
7D
1.4%
1Y
12.0%

Miquel y Costas & Miquel (BME:MCM) Will Pay A Larger Dividend Than Last Year At €0.0948

Dec 13
Miquel y Costas & Miquel (BME:MCM) Will Pay A Larger Dividend Than Last Year At €0.0948
ENC
€2.30
ENCE Energía y Celulosa
7D
-2.0%
1Y
-23.7%

ENC: Rising Profitability Is Expected To Drive Strong Future Upside

Analysts have modestly raised their price target on ENCE Energía y Celulosa to €3.51, citing expectations of improved profitability and a more attractive future earnings multiple despite slightly softer revenue growth assumptions. Valuation Changes Fair Value: Unchanged at €3.51 per share, indicating no revision to the central valuation estimate.
TUB
€3.24
Tubacex
7D
-2.3%
1Y
-1.8%
ACX
€12.00
Acerinox
7D
0.9%
1Y
30.3%

ACX: Future Margin Stability Will Support Medium Term Shareholder Returns

The analyst price target for Acerinox has been trimmed slightly, with fair value easing from EUR 13.56 to EUR 13.77 as analysts factor in marginally higher discount rates while still acknowledging modestly improving growth and profitability metrics reflected in updated revenue growth, profit margin, and forward P E assumptions. Analyst Commentary Recent Street research reflects a more nuanced stance on Acerinox, with modest target cuts aligning valuations more closely with updated growth and execution expectations rather than signaling a fundamental change in the investment case.
IBG
€20.20
Iberpapel Gestión
7D
-1.9%
1Y
8.9%
ECR
€3.42
Ercros
7D
3.0%
1Y
-3.7%
TRG
€0.32
Tubos Reunidos
7D
-6.5%
1Y
-34.2%

Tubos Reunidos (BME:TRG) Shareholders Will Want The ROCE Trajectory To Continue

Nov 08
Tubos Reunidos (BME:TRG) Shareholders Will Want The ROCE Trajectory To Continue
IFLEX
€1.78
Iflex Flexible Packaging
7D
0.6%
1Y
1.1%
IMC
€3.50
Inmocemento
7D
-4.2%
1Y
7.7%
CMO
€28.40
Cementos Molins
7D
-1.4%
1Y
15.4%

Cementos Molins' (BDM:CMO) Dividend Will Be Increased To €0.4536

Jul 04
Cementos Molins' (BDM:CMO) Dividend Will Be Increased To €0.4536