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Spanish (IBEX) Materials Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies12
  • 7D-0.6%
  • 3M9.3%
  • 1Y10.2%
  • YTD0.7%

Over the last 7 days, the Materials industry has dropped 1.7%, driven by Vidrala declining 4.1%. Meanwhile, Inmocemento actually outperformed within the industry, gaining 5.1% in the last week. In the past year, the industry has gained 9.5%. Looking forward, earnings are forecast to grow by 37% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026€12.2b€12.6b€882.3m12.7x13.9x1x
Fri, 02 Jan 2026€12.1b€12.6b€882.3m12.3x13.7x1x
Sun, 30 Nov 2025€11.5b€12.7b€848.4m11.9x13.6x0.9x
Tue, 28 Oct 2025€11.6b€12.7b€908.9m11.9x12.7x0.9x
Thu, 25 Sep 2025€11.4b€12.7b€909.7m11.9x12.6x0.9x
Sat, 23 Aug 2025€11.6b€12.7b€909.6m12.3x12.8x0.9x
Mon, 21 Jul 2025€11.9b€12.7b€943.9m11.3x12.6x0.9x
Wed, 18 Jun 2025€11.6b€12.7b€943.9m11x12.3x0.9x
Fri, 16 May 2025€11.5b€12.7b€948.2m10.9x12.2x0.9x
Sun, 13 Apr 2025€10.6b€12.4b€1.0b9.6x10.3x0.9x
Tue, 11 Mar 2025€11.7b€12.4b€1.0b9.9x11.3x0.9x
Thu, 06 Feb 2025€11.2b€12.9b€949.1m10.9x11.8x0.9x
Sat, 04 Jan 2025€10.8b€12.0b€723.8m11.9x14.9x0.9x
Mon, 02 Dec 2024€10.7b€12.1b€721.2m12.1x14.8x0.9x
Wed, 30 Oct 2024€9.3b€12.4b€717.7m12.9x12.9x0.8x
Fri, 27 Sep 2024€9.4b€12.0b€674.4m14.7x14x0.8x
Sun, 25 Aug 2024€9.1b€12.0b€681.0m13.8x13.3x0.8x
Tue, 23 Jul 2024€9.0b€12.4b€734.9m11.8x12.2x0.7x
Thu, 20 Jun 2024€9.6b€12.4b€734.9m12.1x13x0.8x
Sat, 18 May 2024€9.9b€12.4b€716.5m11.1x13.8x0.8x
Mon, 15 Apr 2024€9.1b€12.8b€800.8m10.8x11.4x0.7x
Wed, 13 Mar 2024€8.8b€12.8b€799.6m10.3x11x0.7x
Fri, 09 Feb 2024€8.9b€13.2b€902.0m10.7x9.9x0.7x
Sun, 07 Jan 2024€8.8b€13.2b€902.0m11.7x9.7x0.7x
Tue, 05 Dec 2023€8.5b€13.1b€904.6m11x9.3x0.6x
Thu, 02 Nov 2023€7.6b€13.9b€969.9m9x7.8x0.5x
Sat, 30 Sep 2023€8.0b€13.9b€958.2m9.4x8.4x0.6x
Mon, 28 Aug 2023€7.9b€13.9b€940.7m9x8.4x0.6x
Wed, 26 Jul 2023€8.3b€14.9b€1.2b8.9x6.8x0.6x
Fri, 23 Jun 2023€8.3b€14.7b€1.2b8.8x7.2x0.6x
Sun, 21 May 2023€8.6b€15.3b€1.3b8.9x6.7x0.6x
Tue, 18 Apr 2023€9.0b€15.1b€1.2b10.1x7.2x0.6x
Thu, 16 Mar 2023€8.5b€15.1b€1.2b10.1x6.8x0.6x
Sat, 11 Feb 2023€8.7b€14.9b€1.4b12.5x6.3x0.6x
Price to Earnings Ratio

6.3x


Total Market Cap: €8.7bTotal Earnings: €1.4bTotal Revenue: €14.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish Materials Sector Price to Earnings3Y Average 11.1x202420252026
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 13.7x which is higher than its 3-year average PE of 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 14% per year over the last three years,
  • Revenues have also declined 5.4% 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 Market1.45%
Materials-0.56%
Basic Materials2.27%
Chemicals-0.38%
Metals and Mining-0.38%
Paper and Forestry Products-0.70%
Packaging-4.08%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 16.0x.
    • Analysts are expecting annual earnings growth of 59.1%, 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 107% over the next 5 years.
  • In contrast, the Packaging industry is expected to see its earnings grow by 3.0% 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
IMC Inmocemento€3.905.1%
+€86.4m		28.3%PE5.8x
TUB Tubacex€3.483.3%
+€13.5m		-3.1%PE13.4x

Latest News

TUB
€3.48
Tubacex
7D
3.3%
1Y
-3.1%

TUB: Higher Discount Rate Will Still Support Attractive Forward P/E Potential

Analysts have lowered their price target for Tubacex to €4.44 from €4.61, reflecting slightly more conservative assumptions for revenue growth and profit margins, as well as a modestly higher discount rate, partly offset by a marginally higher future P/E multiple. Valuation Changes Fair Value: reduced from €4.61 to €4.44, indicating a small downward adjustment to the intrinsic value estimate.
KOM
€0.79
Plásticos Compuestos
7D
-7.6%
1Y
-24.5%

It's A Story Of Risk Vs Reward With Plásticos Compuestos, S.A. (BME:KOM)

Jan 30
It's A Story Of Risk Vs Reward With Plásticos Compuestos, S.A. (BME:KOM)
ENC
€2.21
ENCE Energía y Celulosa
7D
-1.0%
1Y
-37.2%

Biomass Expansion And Cost Efficiency Plans Will Confront Execution Risks Yet Offer Long-Term Upside

Catalysts About ENCE Energía y Celulosa ENCE Energía y Celulosa produces eucalyptus based pulp and develops biomass backed renewable energy projects in Spain. What are the underlying business or industry changes driving this perspective?
ECR
€3.42
Ercros
7D
-0.1%
1Y
-3.4%
VID
€87.20
Vidrala
7D
-4.1%
1Y
-6.1%

VID: Neutral Downgrade Sets Stage For Future Upside From Rebased Expectations

Analysts have slightly reduced their price target for Vidrala to €106.34 from €106.73, as updated assumptions on revenue growth, profit margin and future P/E following a recent downgrade to Neutral have led to a modestly lower fair value estimate. Analyst Commentary Recent research has shifted Vidrala to a Neutral stance, with the small trim in the price target to €106.34 reflecting updated assumptions on revenue growth, margins and the future P/E multiple.
ACX
€12.85
Acerinox
7D
-0.8%
1Y
31.0%
TRG
€0.28
Tubos Reunidos
7D
-2.8%
1Y
-49.4%

Lacklustre Performance Is Driving Tubos Reunidos, S.A.'s (BME:TRG) Low P/S

Jan 03
Lacklustre Performance Is Driving Tubos Reunidos, S.A.'s (BME:TRG) Low P/S
IFLEX
€1.65
Iflex Flexible Packaging
7D
-5.7%
1Y
-7.3%
MCM
€14.00
Miquel y Costas & Miquel
7D
-0.7%
1Y
6.9%

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
IMC
€3.90
Inmocemento
7D
5.1%
1Y
28.3%