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U.K. (FTSE) Basic Materials Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies8
  • 7D2.9%
  • 3M3.1%
  • 1Y-9.3%
  • YTD-9.2%

In the last week, the Basic Materials industry is up 2.4%, with RHI Magnesita up 5.5%. In the past year, the industry is down 11%. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

Has the U.K. Basic Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025UK£5.3bUK£7.2bUK£235.4m21.4x22.4x0.7x
Fri, 14 Nov 2025UK£5.0bUK£7.2bUK£235.7m21.6x21.4x0.7x
Sun, 12 Oct 2025UK£4.8bUK£7.2bUK£235.1m20.5x20.6x0.7x
Tue, 09 Sep 2025UK£5.2bUK£7.2bUK£232.7m25.6x22.4x0.7x
Thu, 07 Aug 2025UK£5.2bUK£7.1bUK£218.9m26x23.9x0.7x
Sat, 05 Jul 2025UK£5.7bUK£7.0bUK£311.7m22.3x18.2x0.8x
Mon, 02 Jun 2025UK£6.1bUK£6.9bUK£308.8m23.3x19.9x0.9x
Wed, 30 Apr 2025UK£5.8bUK£7.0bUK£309.8m22.2x18.8x0.8x
Fri, 28 Mar 2025UK£5.9bUK£6.9bUK£307.6m20.4x19.3x0.9x
Sun, 23 Feb 2025UK£5.9bUK£6.7bUK£292.9m28.7x20.1x0.9x
Tue, 21 Jan 2025UK£5.7bUK£6.7bUK£296.2m29.8x19.1x0.8x
Thu, 19 Dec 2024UK£5.8bUK£6.7bUK£292.3m34.9x19.9x0.9x
Sat, 16 Nov 2024UK£6.2bUK£7.3bUK£309.6m27.5x20x0.9x
Mon, 14 Oct 2024UK£6.0bUK£7.3bUK£309.9m26.2x19.5x0.8x
Wed, 11 Sep 2024UK£5.8bUK£7.1bUK£329.4m14.8x17.7x0.8x
Fri, 09 Aug 2024UK£6.0bUK£7.2bUK£330.6m14.5x18.2x0.8x
Sun, 07 Jul 2024UK£6.1bUK£7.3bUK£351.8m13.1x17.3x0.8x
Tue, 04 Jun 2024UK£5.9bUK£7.3bUK£355.3m12.5x16.5x0.8x
Thu, 02 May 2024UK£5.6bUK£7.3bUK£356.1m12.1x15.9x0.8x
Sat, 30 Mar 2024UK£5.7bUK£7.3bUK£355.9m12.5x16x0.8x
Mon, 26 Feb 2024UK£5.7bUK£7.4bUK£435.3m9.7x13.1x0.8x
Wed, 24 Jan 2024UK£6.6bUK£8.8bUK£548.0m10.3x12.1x0.8x
Fri, 22 Dec 2023UK£6.3bUK£8.9bUK£549.7m9.8x11.5x0.7x
Sun, 19 Nov 2023UK£5.7bUK£8.9bUK£550.7m9.3x10.4x0.6x
Tue, 17 Oct 2023UK£39.2bUK£36.6bUK£2.9b9.4x13.4x1.1x
Thu, 14 Sep 2023UK£36.2bUK£36.0bUK£2.9b10.1x12.6x1x
Sat, 12 Aug 2023UK£38.7bUK£34.6bUK£2.6b10.4x14.6x1.1x
Mon, 10 Jul 2023UK£35.9bUK£34.1bUK£2.7b9.6x13.4x1.1x
Wed, 07 Jun 2023UK£34.2bUK£35.0bUK£2.7b9.9x12.5x1x
Fri, 05 May 2023UK£33.1bUK£33.3bUK£2.6b10.1x12.7x1x
Sun, 02 Apr 2023UK£35.1bUK£33.9bUK£2.7b10x13.3x1x
Tue, 28 Feb 2023UK£34.2bUK£33.9bUK£2.8b10.8x12x1x
Thu, 26 Jan 2023UK£32.4bUK£33.2bUK£2.8b10.6x11.7x1x
Sat, 24 Dec 2022UK£28.9bUK£33.8bUK£2.8b10x10.2x0.9x
Price to Earnings Ratio

10.2x


Total Market Cap: UK£28.9bTotal Earnings: UK£2.8bTotal Revenue: UK£33.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Basic Materials Industry Price to Earnings3Y Average 16.5x202320242025
Current Industry PE
  • Investors are optimistic on the British Basic Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.2x which is higher than its 3-year average PE of 16.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have declined 56% per year over the last three years,
  • Revenues have also declined 40% 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 U.K. Materials industry?

GB Market0.49%
Materials1.45%
Basic Materials2.93%
Construction Materials2.93%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RHIM RHI MagnesitaUK£26.755.5%
+UK£66.2m		-14.1%PE30.7x
SRC SigmaRocUK£1.253.3%
+UK£44.6m		77.5%PE31.1x
MSLH MarshallsUK£1.793.8%
+UK£16.7m		-40.1%PE19x
BREE Breedon GroupUK£3.271.4%
+UK£15.3m		-28.4%PE12.7x
IBST IbstockUK£1.352.7%
+UK£14.2m		-26.8%PE43.7x

Latest News

SRC
UK£1.25
SigmaRoc
7D
3.3%
1Y
77.5%

The Return Trends At SigmaRoc (LON:SRC) Look Promising

Dec 17
The Return Trends At SigmaRoc (LON:SRC) Look Promising
RHIM
UK£26.75
RHI Magnesita
7D
5.5%
1Y
-14.1%

RHIM: Profit Margins Will Strengthen As Revenue Expectations Moderate

Analysts have nudged their price target for RHI Magnesita slightly lower to approximately €24.90 from about €25.01, citing expectations for more moderate revenue growth, partly offset by improving profit margins and a lower future price to earnings multiple. Valuation Changes Fair Value: edged down slightly from €25.01 to €24.91 per share, reflecting a modest reduction in the intrinsic valuation estimate.
MSLH
UK£1.79
Marshalls
7D
3.8%
1Y
-40.1%

MSLH: Leadership Transition And Higher Risk Perception Will Shape Future Prospects

Analysts have lowered their price target on Marshalls by approximately £0.22 per share, reflecting a higher perceived discount rate despite modestly stronger expectations for revenue growth and profit margins. What's in the News Chief Executive Officer Matt Pullen will step down from his role effective November 27, 2025, prompting a leadership transition at Marshalls (Key Developments) Simon Bourne, currently Group Chief Commercial Officer, has been appointed Interim Chief Executive Officer to provide continuity and maintain strategic focus (Key Developments) Bourne, who joined Marshalls in 2015 and became Chief Operating Officer in 2022, played a key role in developing the Group's Transform & Grow strategy, which he will now oversee in execution (Key Developments) Valuation Changes Fair Value: estimated intrinsic value per share has decreased from £2.10 to £1.88, representing a modest downward revision.
FORT
UK£1.78
Forterra
7D
-0.8%
1Y
4.8%

FORT: Revenue Stability And Margin Improvement Will Support A Fair Outlook

Analysts have nudged their price target on Forterra higher to 1.92, up from 1.70, citing improved expectations for revenue growth and profit margins that more than offset a slightly higher discount rate and modestly lower future P/E assumptions. What's in the News Forterra plc issued earnings guidance for the second half, indicating revenues are expected to remain broadly in line with first half levels (company guidance).
STCM
UK£0.18
Steppe Cement
7D
-2.6%
1Y
19.4%
IBST
UK£1.35
Ibstock
7D
2.7%
1Y
-26.8%

IBST: End Market Recovery Will Drive Future Upside As Planning Delays Ease

The analyst price target for Ibstock has been revised modestly lower to about £1.60 per share from roughly £1.61. Analysts are factoring in softer end market support and slower-than-expected benefits from planning reforms, along with slightly lower growth and margin assumptions.
BREE
UK£3.27
Breedon Group
7D
1.4%
1Y
-28.4%

BREE: Future Upside May Emerge As Margins Gradually Stabilise

Analysts have modestly reduced their price target on Breedon Group, trimming fair value by roughly 6 percent to about £4.52 per share as they factor in slightly slower expected revenue growth and softer profit margins, even as they acknowledge a higher future P E multiple. Analyst Commentary Bullish Takeaways Bullish analysts note that, despite the lower price target, the revised fair value still implies upside from current levels, reflecting confidence in Breedon Group's long term earnings power.
MBH
UK£0.84
Michelmersh Brick Holdings
7D
-3.9%
1Y
-18.8%