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U.K. (FTSE) Basic Materials Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies8
  • 7D-5.5%
  • 3M-13.1%
  • 1Y-22.7%
  • YTD-13.1%

Over the last 7 days, the Basic Materials industry has dropped 5.5%, driven by a pullback from SigmaRoc of 11%. The industry has fallen 23% in the last year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026UK£4.6bUK£7.2bUK£281.0m15x16.5x0.6x
Tue, 17 Feb 2026UK£5.9bUK£7.2bUK£235.0m22.3x24.9x0.8x
Thu, 15 Jan 2026UK£5.3bUK£7.2bUK£234.9m21.2x22.7x0.7x
Sat, 13 Dec 2025UK£5.2bUK£7.2bUK£235.5m21.5x22x0.7x
Mon, 10 Nov 2025UK£4.7bUK£7.2bUK£235.5m20.3x20x0.7x
Wed, 08 Oct 2025UK£4.9bUK£7.2bUK£235.0m21.1x21x0.7x
Fri, 05 Sep 2025UK£5.0bUK£7.1bUK£210.6m24.4x23.8x0.7x
Sun, 03 Aug 2025UK£5.3bUK£7.1bUK£221.9m26.2x23.7x0.7x
Tue, 01 Jul 2025UK£5.7bUK£7.0bUK£311.1m22.8x18.5x0.8x
Thu, 29 May 2025UK£6.2bUK£6.9bUK£308.3m23.6x20x0.9x
Sat, 26 Apr 2025UK£5.9bUK£7.0bUK£310.4m22x19x0.8x
Mon, 24 Mar 2025UK£6.0bUK£6.9bUK£310.1m19.4x19.3x0.9x
Wed, 19 Feb 2025UK£6.0bUK£6.7bUK£293.1m29.4x20.3x0.9x
Fri, 17 Jan 2025UK£5.7bUK£6.7bUK£295.4m29.8x19.1x0.8x
Sun, 15 Dec 2024UK£5.9bUK£6.7bUK£293.6m35.7x20.1x0.9x
Tue, 12 Nov 2024UK£6.3bUK£7.3bUK£308.2m28x20.4x0.9x
Thu, 10 Oct 2024UK£6.0bUK£7.3bUK£309.9m26.3x19.4x0.8x
Sat, 07 Sep 2024UK£5.8bUK£7.1bUK£329.7m14.6x17.7x0.8x
Mon, 05 Aug 2024UK£6.1bUK£7.3bUK£343.6m14.8x17.8x0.8x
Wed, 03 Jul 2024UK£5.7bUK£7.3bUK£352.0m12.4x16.2x0.8x
Fri, 31 May 2024UK£5.9bUK£7.3bUK£355.2m12.7x16.5x0.8x
Sun, 28 Apr 2024UK£5.6bUK£7.3bUK£356.1m11.9x15.6x0.8x
Tue, 26 Mar 2024UK£5.7bUK£7.4bUK£380.1m11.7x14.9x0.8x
Thu, 22 Feb 2024UK£5.7bUK£7.4bUK£435.7m9.9x13.2x0.8x
Sat, 20 Jan 2024UK£6.5bUK£8.8bUK£548.3m10.3x11.8x0.7x
Mon, 18 Dec 2023UK£6.2bUK£8.8bUK£548.7m9.2x11.3x0.7x
Wed, 15 Nov 2023UK£5.7bUK£8.9bUK£550.0m9.3x10.4x0.6x
Fri, 13 Oct 2023UK£39.4bUK£36.7bUK£2.9b9.6x13.4x1.1x
Sun, 10 Sep 2023UK£36.9bUK£36.0bUK£2.9b10.4x12.8x1x
Tue, 08 Aug 2023UK£39.7bUK£34.4bUK£2.6b10.4x15.1x1.2x
Thu, 06 Jul 2023UK£36.8bUK£34.4bUK£2.7b9.5x13.6x1.1x
Sat, 03 Jun 2023UK£34.7bUK£34.9bUK£2.7b9.9x12.7x1x
Mon, 01 May 2023UK£33.1bUK£33.4bUK£2.6b10.1x12.7x1x
Wed, 29 Mar 2023UK£34.0bUK£33.8bUK£2.6b10.6x12.8x1x
Price to Earnings Ratio

12.8x


Total Market Cap: UK£34.0bTotal Earnings: UK£2.6bTotal Revenue: UK£33.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Basic Materials Industry Price to Earnings3Y Average 17.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Basic Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 17.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have declined 53% 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 Market-3.50%
Materials-6.04%
Basic Materials-5.47%
Construction Materials-5.47%
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
FORT ForterraUK£1.600.4%
+UK£1.1m		0.8%PE19.8x

Latest News

BREE
UK£3.22
Breedon Group
7D
-4.6%
1Y
-32.0%

BREE: Future Upside Will Rely On Higher Margins And Dividend Discipline

Analysts have trimmed their average price target on Breedon Group by £0.07 to reflect slightly lower assumed revenue growth and a modestly reduced future P/E, even though projected profit margins have been revised higher and discount rate assumptions have eased. Analyst Commentary Recent research updates show price targets on Breedon Group being reset lower, while ratings such as Outperform and Overweight are maintained.
MSLH
UK£1.41
Marshalls
7D
-0.7%
1Y
-42.3%
IBST
UK£1.02
Ibstock
7D
-0.8%
1Y
-40.7%

IBST: Macro Uncertainty And Reset Expectations Will Shape Bullish 2026 Earnings Setup

Analysts have reduced their average price target on Ibstock by about £0.06. This reflects a more cautious view on the company’s earnings potential following recent rating and target cuts tied to ongoing macro uncertainty.
SRC
UK£1.10
SigmaRoc
7D
-10.7%
1Y
18.4%
FORT
UK£1.60
Forterra
7D
0.4%
1Y
0.8%
MBH
UK£0.73
Michelmersh Brick Holdings
7D
-11.0%
1Y
-27.7%
RHIM
UK£23.35
RHI Magnesita
7D
-4.5%
1Y
-29.9%

RHIM: Future Returns Will Depend On Earnings Quality And P/E Sustainability

Analysts have nudged their price target for RHI Magnesita up by £2.00 to £38.50, citing revised assumptions for the discount rate, profitability, and future P/E expectations as the main drivers of this change. Analyst Commentary The revised £38.50 price target reflects updated assumptions on discount rates, profitability, and future P/E levels, but it does not signal a unanimous view that the risk profile is low.
STCM
UK£0.18
Steppe Cement
7D
-7.7%
1Y
12.5%