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U.K. (FTSE) Basic Materials Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.7%
  • 3M-5.4%
  • 1Y-19.2%
  • YTD-8.0%

Over the last 7 days, the Basic Materials industry has dropped 2.7%, driven by a pullback from SigmaRoc of 5.5%. Meanwhile, Breedon Group actually outperformed within the industry, gaining 6.8% in the last week. The industry has fallen 19% in the last year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026UK£4.9bUK£7.2bUK£254.9m15.4x19.2x0.7x
Mon, 09 Feb 2026UK£5.6bUK£7.2bUK£234.9m21.3x24x0.8x
Wed, 07 Jan 2026UK£5.3bUK£7.2bUK£234.9m21.9x22.7x0.7x
Fri, 05 Dec 2025UK£5.1bUK£7.2bUK£235.2m21.5x21.8x0.7x
Sun, 02 Nov 2025UK£4.9bUK£7.2bUK£235.5m21x21x0.7x
Tue, 30 Sep 2025UK£5.0bUK£7.2bUK£235.2m21.2x21.3x0.7x
Thu, 28 Aug 2025UK£5.1bUK£7.1bUK£211.2m25.7x24.4x0.7x
Sat, 26 Jul 2025UK£5.6bUK£7.1bUK£306.7m19.7x18.2x0.8x
Mon, 23 Jun 2025UK£5.6bUK£7.0bUK£310.8m22x18x0.8x
Wed, 21 May 2025UK£6.3bUK£6.9bUK£308.8m23.4x20.4x0.9x
Fri, 18 Apr 2025UK£5.8bUK£7.0bUK£310.9m21.2x18.5x0.8x
Sun, 16 Mar 2025UK£6.1bUK£6.7bUK£276.5m18.9x21.9x0.9x
Tue, 11 Feb 2025UK£5.9bUK£6.7bUK£293.7m30.8x20.2x0.9x
Thu, 09 Jan 2025UK£5.5bUK£6.7bUK£294.0m30.6x18.7x0.8x
Sat, 07 Dec 2024UK£6.0bUK£6.7bUK£293.1m37.7x20.5x0.9x
Mon, 04 Nov 2024UK£6.3bUK£7.3bUK£310.2m28x20.4x0.9x
Wed, 02 Oct 2024UK£6.0bUK£7.3bUK£309.2m26.6x19.4x0.8x
Fri, 30 Aug 2024UK£6.1bUK£7.1bUK£330.7m15x18.3x0.8x
Sun, 28 Jul 2024UK£6.3bUK£7.3bUK£346.8m15.1x18.2x0.9x
Tue, 25 Jun 2024UK£5.7bUK£7.3bUK£351.9m12.6x16.3x0.8x
Thu, 23 May 2024UK£6.0bUK£7.3bUK£355.2m13x16.8x0.8x
Sat, 20 Apr 2024UK£5.5bUK£7.3bUK£356.1m12.3x15.4x0.7x
Mon, 18 Mar 2024UK£5.8bUK£7.5bUK£407.9m12x14.1x0.8x
Wed, 14 Feb 2024UK£5.6bUK£7.4bUK£434.9m10.2x13x0.8x
Fri, 12 Jan 2024UK£6.4bUK£8.8bUK£548.6m10.1x11.6x0.7x
Sun, 10 Dec 2023UK£5.9bUK£8.8bUK£548.4m9x10.8x0.7x
Tue, 07 Nov 2023UK£5.5bUK£8.9bUK£549.6m9.1x10x0.6x
Thu, 05 Oct 2023UK£37.4bUK£36.9bUK£2.9b9.5x12.7x1x
Sat, 02 Sep 2023UK£38.4bUK£35.7bUK£2.9b10.4x13.5x1.1x
Mon, 31 Jul 2023UK£39.7bUK£34.3bUK£2.6b10.4x15x1.2x
Wed, 28 Jun 2023UK£35.8bUK£34.4bUK£2.7b9.6x13.3x1x
Fri, 26 May 2023UK£34.3bUK£35.2bUK£2.8b9.9x12.4x1x
Sun, 23 Apr 2023UK£34.0bUK£33.6bUK£2.6b10.2x12.9x1x
Tue, 21 Mar 2023UK£34.7bUK£33.9bUK£2.6b10.3x13.2x1x
Price to Earnings Ratio

13.2x


Total Market Cap: UK£34.7bTotal Earnings: UK£2.6bTotal Revenue: UK£33.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Basic Materials Industry Price to Earnings3Y Average 17.4x202420252026
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 19.2x which is higher than its 3-year average PE 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 54% 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-0.58%
Materials-1.77%
Basic Materials-2.69%
Construction Materials-2.69%
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£3.386.8%
+UK£74.9m		-29.7%PE14x

Latest News

IBST
UK£1.02
Ibstock
7D
-6.2%
1Y
-39.3%
MBH
UK£0.82
Michelmersh Brick Holdings
7D
-3.5%
1Y
-20.8%
FORT
UK£1.59
Forterra
7D
-5.3%
1Y
-0.4%

FORT: Future Dividend Momentum Will Support Returns At Current Share Price

Analysts have revised their price target on Forterra to £1.92. The change is mainly linked to updated assumptions for the discount rate, revenue growth, profit margin and future P/E.
BREE
UK£3.38
Breedon Group
7D
6.8%
1Y
-29.7%
RHIM
UK£24.45
RHI Magnesita
7D
-4.1%
1Y
-28.2%

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.
MSLH
UK£1.42
Marshalls
7D
-7.8%
1Y
-41.5%
SRC
UK£1.23
SigmaRoc
7D
-5.5%
1Y
29.3%

SRC: Stable Assumptions And Higher Future P/E Will Support Upside Potential

Analysts have revised their SigmaRoc price target to £1.58. The updated view reflects slight tweaks to the discount rate and future P/E assumptions while keeping fair value estimates broadly unchanged.
STCM
UK£0.20
Steppe Cement
7D
-4.9%
1Y
21.9%