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U.K. (FTSE) Basic Materials Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies8
  • 7D0.2%
  • 3M16.1%
  • 1Y-4.1%
  • YTD1.9%

Over the last 7 days, the Basic Materials industry has remained flat, although notably SigmaRoc declined by 3.1%. As for the longer term, the industry has declined 4.1% in the last year. Earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026UK£5.4bUK£7.2bUK£235.0m21.8x23.2x0.8x
Sun, 14 Dec 2025UK£5.2bUK£7.2bUK£235.5m21.5x22x0.7x
Tue, 11 Nov 2025UK£4.9bUK£7.2bUK£235.5m21.1x21x0.7x
Thu, 09 Oct 2025UK£5.0bUK£7.2bUK£235.0m21.1x21.2x0.7x
Sat, 06 Sep 2025UK£5.1bUK£7.1bUK£210.6m24.7x24x0.7x
Mon, 04 Aug 2025UK£5.3bUK£7.1bUK£221.9m26.2x23.7x0.7x
Wed, 02 Jul 2025UK£5.7bUK£7.0bUK£311.1m22.8x18.5x0.8x
Fri, 30 May 2025UK£6.2bUK£6.9bUK£308.8m23.4x20.1x0.9x
Sun, 27 Apr 2025UK£5.9bUK£7.0bUK£310.4m22x19x0.8x
Tue, 25 Mar 2025UK£6.0bUK£6.9bUK£309.9m19.3x19.3x0.9x
Thu, 20 Feb 2025UK£6.0bUK£6.7bUK£293.1m29.4x20.3x0.9x
Sat, 18 Jan 2025UK£5.7bUK£6.7bUK£296.1m29.8x19.2x0.8x
Mon, 16 Dec 2024UK£5.9bUK£6.7bUK£293.6m35.7x20.1x0.9x
Wed, 13 Nov 2024UK£6.2bUK£7.3bUK£309.2m27.4x20x0.9x
Fri, 11 Oct 2024UK£6.0bUK£7.3bUK£310.0m26x19.4x0.8x
Sun, 08 Sep 2024UK£5.8bUK£7.1bUK£329.7m14.6x17.7x0.8x
Tue, 06 Aug 2024UK£5.9bUK£7.3bUK£344.9m14.3x17.2x0.8x
Thu, 04 Jul 2024UK£5.9bUK£7.3bUK£351.9m12.7x16.7x0.8x
Sat, 01 Jun 2024UK£5.8bUK£7.3bUK£355.2m12.6x16.4x0.8x
Mon, 29 Apr 2024UK£5.6bUK£7.3bUK£356.1m11.9x15.6x0.8x
Wed, 27 Mar 2024UK£5.7bUK£7.4bUK£356.4m12.4x16x0.8x
Fri, 23 Feb 2024UK£5.7bUK£7.4bUK£435.4m9.9x13.2x0.8x
Sun, 21 Jan 2024UK£6.5bUK£8.8bUK£548.3m10.3x11.8x0.7x
Tue, 19 Dec 2023UK£6.2bUK£8.8bUK£549.3m9.2x11.3x0.7x
Thu, 16 Nov 2023UK£5.8bUK£8.9bUK£550.4m9.4x10.4x0.6x
Sat, 14 Oct 2023UK£38.9bUK£36.8bUK£2.9b9.5x13.2x1.1x
Mon, 11 Sep 2023UK£36.9bUK£36.0bUK£2.9b10.4x12.8x1x
Wed, 09 Aug 2023UK£39.4bUK£34.5bUK£2.6b10.4x14.9x1.1x
Fri, 07 Jul 2023UK£36.0bUK£34.4bUK£2.7b9.5x13.4x1x
Sun, 04 Jun 2023UK£34.6bUK£34.9bUK£2.7b9.9x12.6x1x
Tue, 02 May 2023UK£33.1bUK£33.4bUK£2.6b10.1x12.7x1x
Thu, 30 Mar 2023UK£34.3bUK£33.9bUK£2.7b10.7x12.9x1x
Sat, 25 Feb 2023UK£33.8bUK£34.1bUK£2.9b11x11.8x1x
Mon, 23 Jan 2023UK£31.7bUK£33.1bUK£2.8b10.6x11.4x1x
Price to Earnings Ratio

11.4x


Total Market Cap: UK£31.7bTotal Earnings: UK£2.8bTotal Revenue: UK£33.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Basic Materials Industry Price to Earnings3Y Average 16.8x202420252026
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 23.2x which is higher than its 3-year average PE of 16.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.85x.
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 Market2.10%
Materials8.25%
Basic Materials0.21%
Construction Materials0.21%
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
BREE Breedon GroupUK£3.402.0%
+UK£23.6m		-19.5%PE13.1x
IBST IbstockUK£1.403.1%
+UK£16.6m		-17.2%PE45.3x
RHIM RHI MagnesitaUK£27.400.7%
+UK£9.5m		-19.6%PE31.8x
MSLH MarshallsUK£1.801.7%
+UK£7.6m		-29.5%PE19.1x
STCM Steppe CementUK£0.207.9%
+UK£3.3m		41.4%PE14.9x

Latest News

STCM
UK£0.20
Steppe Cement
7D
7.9%
1Y
41.4%
FORT
UK£1.83
Forterra
7D
-0.5%
1Y
14.4%

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

Analysts have lifted their price target on Forterra, citing updated assumptions that include revenue growth of 6.13%, a profit margin of 9.53% and a future P/E of 12.19x. What's in the News Forterra issued new or confirmed earnings guidance for the second half, indicating that revenues are expected to be at similar levels to the first half (Key Developments).
SRC
UK£1.31
SigmaRoc
7D
-3.1%
1Y
76.5%

SRC: Future EPS Guidance Will Likely Limit Upside Versus Fair View

Narrative Update on SigmaRoc Analysts have nudged their price target on SigmaRoc to £1.20. The small change is tied to updated assumptions that keep fair value steady at £1.20 while reflecting slightly adjusted views on discount rate, revenue growth, profit margin and future P/E.
BREE
UK£3.40
Breedon Group
7D
2.0%
1Y
-19.5%

BREE: Future Upside Will Rely On Steady Execution After Price Cut

Analysts have trimmed their price target on Breedon Group to £3.60 from £4.10. This reflects updated views on the shares while retaining broadly cautious commentary.
RHIM
UK£27.40
RHI Magnesita
7D
0.7%
1Y
-19.6%

RHIM: Fair Value Will Hold As Risk And Earnings Expectations Adjust

Analysts have kept their price target for RHI Magnesita broadly steady around €24.91, with small tweaks to discount rate, revenue growth and margin assumptions, reflecting fine tuned views on the company’s risk, earnings profile and future P/E expectations. Valuation Changes Fair Value: Unchanged at about €24.91 per share, indicating a steady central estimate.
MSLH
UK£1.80
Marshalls
7D
1.7%
1Y
-29.5%

MSLH: Leadership Transition And Stable Outlook Will Shape Future Prospects

Analysts have nudged their price target on Marshalls higher, reflecting slightly updated assumptions for revenue, profit margins and future P/E that leave their fair value estimate broadly steady at about £1.88 per share. What's in the News Matt Pullen plans to step down as Chief Executive Officer of Marshalls with effect from November 27, 2025.
IBST
UK£1.40
Ibstock
7D
3.1%
1Y
-17.2%

IBST: End Market Recovery Will Support Returns As Planning Impact Gradually Improves

Analysts have reduced their price targets on Ibstock, moving from £2.10 to £1.40 and from £1.70 to £1.50, citing weaker end market support and a slower than expected impact from new build planning changes. Analyst Commentary Recent research takes a more cautious stance on Ibstock, with both rating and price target changes pointing to a reassessment of how quickly the company can translate its positioning into returns for shareholders.