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U.K. (FTSE) Basic Materials Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies8
  • 7D0.3%
  • 3M3.8%
  • 1Y-13.9%
  • YTD-8.0%

Over the last 7 days, the Basic Materials industry has remained flat, although notably SigmaRoc gained 4.4%. Unfortunately though, the industry is down 14% over the past 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026UK£4.9bUK£7.2bUK£278.0m17.9x17.6x0.7x
Sat, 30 May 2026UK£4.9bUK£7.2bUK£279.3m18.1x17.7x0.7x
Mon, 27 Apr 2026UK£4.9bUK£7.2bUK£279.2m18.1x17.7x0.7x
Wed, 25 Mar 2026UK£4.7bUK£7.2bUK£280.9m15.7x16.9x0.7x
Fri, 20 Feb 2026UK£5.9bUK£7.2bUK£235.3m22x25.1x0.8x
Sun, 18 Jan 2026UK£5.4bUK£7.2bUK£235.0m21.4x22.8x0.7x
Tue, 16 Dec 2025UK£5.2bUK£7.2bUK£235.5m21.5x22.2x0.7x
Thu, 13 Nov 2025UK£5.1bUK£7.2bUK£235.8m21.5x21.4x0.7x
Sat, 11 Oct 2025UK£4.8bUK£7.2bUK£235.1m20.5x20.6x0.7x
Mon, 08 Sep 2025UK£5.1bUK£7.1bUK£210.6m24.7x24x0.7x
Wed, 06 Aug 2025UK£5.2bUK£7.1bUK£221.7m26.3x23.7x0.7x
Fri, 04 Jul 2025UK£5.7bUK£7.0bUK£311.5m22.5x18.5x0.8x
Sun, 01 Jun 2025UK£6.1bUK£6.9bUK£308.8m23.3x19.9x0.9x
Tue, 29 Apr 2025UK£5.9bUK£7.0bUK£309.9m22.1x19.1x0.9x
Thu, 27 Mar 2025UK£6.0bUK£6.9bUK£307.7m19.8x19.4x0.9x
Sat, 22 Feb 2025UK£5.9bUK£6.7bUK£292.6m28.7x20.1x0.9x
Mon, 20 Jan 2025UK£5.7bUK£6.7bUK£295.9m29.8x19.2x0.8x
Wed, 18 Dec 2024UK£5.8bUK£6.7bUK£292.5m34.8x19.8x0.9x
Fri, 15 Nov 2024UK£6.2bUK£7.3bUK£308.7m27x20x0.9x
Sun, 13 Oct 2024UK£6.0bUK£7.3bUK£309.9m26.2x19.5x0.8x
Tue, 10 Sep 2024UK£5.8bUK£7.1bUK£329.7m14.8x17.6x0.8x
Thu, 08 Aug 2024UK£6.0bUK£7.3bUK£345.3m14.5x17.5x0.8x
Sat, 06 Jul 2024UK£6.1bUK£7.3bUK£351.8m13.1x17.3x0.8x
Mon, 03 Jun 2024UK£5.8bUK£7.3bUK£355.2m12.6x16.4x0.8x
Wed, 01 May 2024UK£5.6bUK£7.3bUK£355.9m12.1x15.8x0.8x
Fri, 29 Mar 2024UK£5.7bUK£7.3bUK£355.9m12.5x16x0.8x
Sun, 25 Feb 2024UK£5.7bUK£7.4bUK£435.3m9.7x13.1x0.8x
Tue, 23 Jan 2024UK£6.6bUK£8.8bUK£548.1m10.4x12x0.7x
Thu, 21 Dec 2023UK£6.3bUK£8.8bUK£549.5m9.7x11.5x0.7x
Sat, 18 Nov 2023UK£5.7bUK£8.9bUK£550.7m9.3x10.4x0.6x
Mon, 16 Oct 2023UK£38.9bUK£36.8bUK£2.9b9.5x13.3x1.1x
Wed, 13 Sep 2023UK£36.3bUK£36.0bUK£2.9b10.3x12.6x1x
Fri, 11 Aug 2023UK£39.2bUK£34.5bUK£2.6b10.4x14.8x1.1x
Sun, 09 Jul 2023UK£35.9bUK£34.1bUK£2.7b9.6x13.4x1.1x
Price to Earnings Ratio

13.4x


Total Market Cap: UK£35.9bTotal Earnings: UK£2.7bTotal Revenue: UK£34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Basic Materials Industry Price to Earnings3Y Average 17.9x202420252026
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 17.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
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 41% 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 Market0.24%
Materials-0.056%
Basic Materials0.25%
Construction Materials0.25%
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
SRC SigmaRocUK£1.264.4%
+UK£58.8m		18.8%PE17.5x
MSLH MarshallsUK£1.512.9%
+UK£10.6m		-43.3%PE26.5x
STCM Steppe CementUK£0.207.9%
+UK£3.3m		28.1%PE18x
FORT ForterraUK£1.370.4%
+UK£1.2m		-29.0%PE16.5x
MBH Michelmersh Brick HoldingsUK£0.791.3%
+UK£916.9k		-28.5%PE19.8x

Latest News

BREE
UK£2.99
Breedon Group
7D
-1.6%
1Y
-20.4%
Narrative Update • Jun 30

BREE: Higher P/E Assumptions Will Support Upside Despite Margin Pressure

Breedon Group's updated analyst price target has eased from about £5.20 to roughly £4.75 per share. This reflects recent reductions in Street targets and analyst views on slightly lower profit margins, alongside a modestly higher assumed future P/E multiple.
FORT
UK£1.37
Forterra
7D
0.4%
1Y
-29.0%
Narrative Update • Jun 30

FORT: Rebased Expectations Will Support Future Earnings Recovery Execution

Forterra's analyst price targets have been trimmed, with recent updates such as Deutsche Bank moving from £3.20 to £2.50 and RBC Capital shifting from £2.20 to £1.95, as analysts factor in more conservative assumptions on fair value, discount rates, revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research on Forterra shows analysts recalibrating their expectations while still seeing room for upside in the stock.
MBH
UK£0.79
Michelmersh Brick Holdings
7D
1.3%
1Y
-28.5%
Narrative Update • Jun 26

None

Analysts have reduced their fair value estimate for Michelmersh Brick Holdings to £1.30 from £1.50, citing updated assumptions that incorporate a slightly higher discount rate and future P/E, along with revised expectations for revenue growth and profit margins. What’s in the News for Michelmersh Brick Holdings No recent company specific news items for Michelmersh Brick Holdings were identified in the provided sources.
RHIM
UK£27.70
RHI Magnesita
7D
-3.3%
1Y
-8.3%
Narrative Update • Jun 25

RHIM: Slight Margin And Growth Upgrades Will Support Future Repricing

Analysts have nudged their price target for RHI Magnesita slightly higher to about £39.82 from £39.78, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that leave their fair value view broadly unchanged. What's in the News At the Annual General Meeting held on May 13, 2026, RHI Magnesita shareholders approved the appointment of KPMG Accountants N.V. as the external auditor for the financial year 2026.
IBST
UK£0.95
Ibstock
7D
-0.3%
1Y
-34.9%
Narrative Update • Jun 24

IBST: Index Removal And Dividend Will Support Future Upside Potential

Analysts have reduced their price target on Ibstock to £1.00 from £1.10, indicating a more cautious view while leaving their underlying assumptions on fair value and earnings broadly unchanged. What’s in the News for Ibstock Ibstock has been dropped from the FTSE 250 Index, reflecting a change in its index classification.
SRC
UK£1.26
SigmaRoc
7D
4.4%
1Y
18.8%
Narrative Update • Jun 23

SRC: Raised Street Pricing Assumptions Will Support Future Upside Potential

Analysts have raised their price target on SigmaRoc to £1.50 from £1.40, citing updated views on the company that are reflected in slightly adjusted assumptions around discount rates and valuation multiples. What’s in the News for SigmaRoc No recent news items for SigmaRoc have been identified in the provided sources.
MSLH
UK£1.51
Marshalls
7D
2.9%
1Y
-43.3%
STCM
UK£0.20
Steppe Cement
7D
7.9%
1Y
28.1%