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

Investors are relatively neutral on the British Chemicals 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 PS ratio of 0.61x.

Which industries have driven the changes within the U.K. Materials industry?

Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 33.0x. Analysts are expecting annual earnings growth of 35.7%, which is lower than the prior year's growth of 1,646.6% per year.

U.K. (FTSE) Chemicals Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 27 Aug 2026	UK£10.4b	UK£17.4b	-UK£87,622,752.65	19.4x	-118.9x	0.6x
Sat, 25 Jul 2026	UK£9.9b	UK£17.3b	-UK£139,429,569.39	20.6x	-70.7x	0.6x
Mon, 22 Jun 2026	UK£10.7b	UK£17.5b	-UK£136,166,527.87	29.5x	-78.3x	0.6x
Wed, 20 May 2026	UK£10.0b	UK£16.6b	-UK£140,768,448.68	29.4x	-70.7x	0.6x
Fri, 17 Apr 2026	UK£10.0b	UK£16.7b	-UK£20,783,148.03	19.7x	-482.7x	0.6x
Sun, 15 Mar 2026	UK£9.3b	UK£16.7b	-UK£34,308,454.30	24.2x	-271.4x	0.6x
Tue, 10 Feb 2026	UK£10.6b	UK£16.8b	-UK£37,621,936.61	26.8x	-282.9x	0.6x
Thu, 08 Jan 2026	UK£10.2b	UK£16.8b	-UK£32,365,097.11	20.7x	-316.5x	0.6x
Sat, 06 Dec 2025	UK£9.7b	UK£16.8b	-UK£42,272,767.04	24x	-230.3x	0.6x
Mon, 03 Nov 2025	UK£10.1b	UK£16.8b	UK£423.0m	18.9x	23.9x	0.6x
Wed, 01 Oct 2025	UK£9.8b	UK£16.8b	UK£424.0m	21.1x	23.1x	0.6x
Fri, 29 Aug 2025	UK£9.3b	UK£16.7b	UK£432.4m	22.2x	21.6x	0.6x
Sun, 27 Jul 2025	UK£9.7b	UK£16.8b	UK£449.1m	22.1x	21.7x	0.6x
Tue, 24 Jun 2025	UK£9.6b	UK£16.8b	UK£450.0m	22x	21.4x	0.6x
Thu, 22 May 2025	UK£9.1b	UK£17.1b	UK£603.9m	22x	15.1x	0.5x
Sat, 19 Apr 2025	UK£8.1b	UK£17.1b	UK£594.2m	18.6x	13.7x	0.5x
Mon, 17 Mar 2025	UK£9.6b	UK£17.1b	UK£582.0m	15.8x	16.5x	0.6x
Wed, 12 Feb 2025	UK£9.8b	UK£17.1b	UK£577.2m	16.9x	16.9x	0.6x
Fri, 10 Jan 2025	UK£9.9b	UK£17.1b	UK£576.7m	18.3x	17.2x	0.6x
Sun, 08 Dec 2024	UK£10.4b	UK£17.1b	UK£583.9m	18.7x	17.7x	0.6x
Tue, 05 Nov 2024	UK£10.9b	UK£18.2b	UK£165.1m	24.3x	66x	0.6x
Thu, 03 Oct 2024	UK£11.9b	UK£18.1b	UK£157.6m	25x	75.3x	0.7x
Sat, 31 Aug 2024	UK£12.3b	UK£18.1b	UK£154.7m	26.9x	79.3x	0.7x
Mon, 29 Jul 2024	UK£12.4b	UK£18.2b	UK£193.2m	29.5x	64.3x	0.7x
Wed, 26 Jun 2024	UK£12.1b	UK£18.2b	UK£191.3m	30x	63.5x	0.7x
Fri, 24 May 2024	UK£13.5b	UK£19.5b	UK£255.0m	32.2x	53.1x	0.7x
Sun, 21 Apr 2024	UK£13.7b	UK£19.6b	UK£286.4m	23.1x	47.7x	0.7x
Tue, 19 Mar 2024	UK£13.2b	UK£19.6b	UK£244.5m	17.7x	53.8x	0.7x
Thu, 15 Feb 2024	UK£13.1b	UK£20.0b	UK£143.9m	17.9x	91.1x	0.7x
Sat, 13 Jan 2024	UK£12.7b	UK£20.0b	UK£141.0m	18.5x	90x	0.6x
Mon, 11 Dec 2023	UK£13.0b	UK£20.0b	UK£139.5m	18.8x	93x	0.6x
Wed, 08 Nov 2023	UK£12.5b	UK£20.8b	UK£229.4m	15x	54.5x	0.6x
Fri, 06 Oct 2023	UK£12.5b	UK£20.9b	UK£257.2m	16.6x	48.6x	0.6x
Sun, 03 Sep 2023	UK£14.4b	UK£21.0b	UK£355.1m	25x	40.5x	0.7x


GB Market	1.37%
Materials	4.60%
Chemicals	1.97%
Commodity Chemicals	2.99%
Specialty Chemicals	2.04%
Fertilizers and Agricultural Chemicals	-1.96%
Industrial Gases	-7.52%

Company	Last Price	7D	1Y	Valuation
CRDA Croda International	UK£34.65	6.0% +UK£272.8m	36.5%	PE61x
ESNT Essentra	UK£1.10	4.6% +UK£13.6m	8.3%	PE57.9x
HDD Hardide	UK£0.95	8.0% +UK£5.5m	1,166.7%	PE51x
HAYD Haydale	UK£0.0032	16.1% +UK£3.5m	-45.8%	PS10.4x
ELM Elementis	UK£1.80	0.3% +UK£3.4m	10.2%	PE19.4x

Announcement • Aug 13

Helix Exploration plc Announces Appointment of Rob Marshall as Non-Executive Director, Effective August 12, 2026

Helix Exploration PLC announced the appointment of Rob Marshall as a Non-Executive Director of the Company, effective August 12, 2026. Rob Marshall has been appointed as a representative of the Company's largest shareholder, Drachs Investments No.3 Limited. Drachs currently holds approximately 18.6% of the Company's issued ordinary share capital. Under the terms of the relationship agreement between the Company and Drachs, Drachs is entitled to appoint two non-executive directors to the board as well as a board observer for so long as it maintains a shareholding of not less than 15% of the Company's issued ordinary share capital. Rob is currently a Non-Executive Director of Metals Exploration plc, a gold producer, explorer and developer with operations in the Philippines and Nicaragua, where he was appointed in November 2024 as Drachs' representative. Since Rob's appointment to the Board of Metals Exploration, the company has made significant progress in executing its strategy of building a multi-project gold business. In December 2024, Metals Exploration announced a recommended offer to acquire Condor Gold plc, which completed in January 2025 and resulted in Metals Exploration acquiring 100% of the La India gold project in Nicaragua. Rob is currently UK Managing Director and Chief Financial Officer of Evans Property Group, a global family investment business with a predominantly real estate focus. He has extensive experience in corporate finance, investment, M&A, capital raising, financial management and corporate governance. Rob Marshall's full name is Robert Marshall. His age is 46. His current directorships include Metals Exploration plc. Cala Evans Restoration Limited, Citygate Developments No.1 Limited, Dakota Hospitality Limited, Duchy Homes (Micklefield) Limited, Evans Dakota Hotels Limited, Evans Homes (Brayton) Limited, Evans Homes (Skelton) Limited, Evans Homes (Skelton) No.2 Limited, Evans Homes (Tockwith) Limited, Evans Homes (Whinmoor) No.1 Limited, Evans Homes (Whinmoor) No.2 Limited, Evans Homes Limited, Evans Management Limited, Evans of Leeds Limited, Evans Property Group Limited, Evans Property Holdings Limited, Evans Property Limited, F R Evans (Leeds) Limited, Fradley Park Developments Limited, Fradley Park Industrial Limited, Fradley Properties Ltd, Great North Developments Limited, Hungate (York) Regeneration Limited, Hungate (York) Retail Limited, Hungate Estate Management Company Limited, LTM Leeds Travel Group Limited, Micklefield Properties Limited, Roando Investments Limited, Tingley Limited, Whinmoor Limited, White Laith Developments Limited, White Rose (Leeds) Limited, White Rose Property Investments No.2 Limited, His previous directorships held in the past five years include: East Quayside Management Limited, Forth Bridges Business Park Developments Limited, West End Sports and Corporate Travel Limited, Millshaw No.3 Limited, Evans Regeneration Investments Limited, Sterling Travel Management Limited, LTM Leeds Luxury Travel Limited, Business Living Limited, LTM Leeds Travel Limited, Evans Advisory Limited, Springhead Developments No.1 Limited, Springswood Limited, House Manor Management Limited.

Announcement • Jul 28

Rift Helium Commences Final Stages of Environmental Impact Assessment and Plans 3D Seismic Acquisition and Two-Well Exploration Drilling Campaign

Rift Helium plc has provided an update on operational progress and the Company's near-term work programme at the Upepo Project in the Rukwa Basin. The Environmental Impact Assessment process is now in its final stages, with completion expected during the Third Quarter 2026. 3D seismic acquisition is planned to commence during the Third Quarter 2026, upon receipt of the EIA certificate, followed by processing and interpretation, with an updated independent resource assessment targeted for the First Quarter 2027. The Company is fully funded for its planned work programme including a 3D seismic survey and a two-well exploration drilling campaign, with the first exploration well planned for the First Half 2027. Field, government, community and supplier engagement has advanced the operational preparations required for the planned 3D seismic campaign. Current dry-season conditions are favourable for mobilisation and acquisition, while the receding Lake Rukwa margin is increasing the extent of ground available for survey coverage. The Company has not identified any material long-lead items expected to delay mobilisation, and prospective suppliers have indicated their readiness to respond once mobilisation can proceed following receipt of the EIA certificate. Rift offers investors exposure to a potentially material primary helium opportunity within a proven basin. The Company holds a substantial 283 km² licence position in Tanzania's Rukwa Basin, which hosts a demonstrated working primary helium system and confirmed helium discoveries. Rift's acreage is supported by CPR-defined prospective resources, including a P50 estimate of approximately 19 Bcf of helium and a mean estimate of approximately 41 Bcf. The Company's strategy is centred on disciplined, probability-led exploration. Rift is applying the geological information and peer learnings generated across the basin and will use high-resolution 3D seismic data to identify, define and rank the structural closures where helium is most likely to accumulate before committing capital to drilling. Rift is fully funded for its planned 3D seismic programme and a two-well exploration drilling campaign, providing shareholders with a clear sequence of value-driving milestones. Following receipt of the EIA certificate, the Company plans to commence 3D seismic acquisition during the Third Quarter 2026, followed by data processing, interpretation and prospect ranking. The results are expected to support an updated independent resource assessment targeted for the First Quarter 2027 and the selection of drilling locations for the two-well campaign, with the first exploration well planned for the First Half 2027. During July, Rift's Chief Operating Officer completed a programme of field, regulatory, government, community and supplier engagement in the Rukwa and Mbeya regions and in Dar es Salaam, as part of the Company's preparations for the planned 3D seismic campaign. National Environmental Management Council completed its site verification visit to the licence area in July 2026, attended by the Company. The subsequent Technical Advisory committee review was also held in July 2026 and concluded successfully. Rift now awaits the formal TAC comments, which will be incorporated into the final EIA report before its submission to NEMC for certification. The Company continues to expect the EIA process to be completed during the Third Quarter 2026. As part of the visit, the Company directly reviewed conditions across the proposed seismic acquisition area. Current dry-season conditions are favourable for mobilisation and acquisition, while the receding Lake Rukwa margin is increasing the extent of ground available for survey coverage. The Company also progressed engagement with regional and ward authorities and with prospective suppliers across logistics, civil works, transportation, camp services, medical support, security, community liaison, insurance and other services required for the seismic campaign. The Company has not identified any material long-lead items expected to delay mobilisation. Suppliers have indicated their readiness to respond to a mobilisation notice, with formal contracting and mobilisation to follow receipt of the EIA certificate. These activities have advanced the operational groundwork required for Rift to move efficiently into 3D seismic acquisition once final environmental approval has been received. The survey will provide the high-resolution subsurface data required to refine structural closures, rank prospects and select drilling locations. The results will also support an updated independent resource assessment targeted for the First Quarter 2027, ahead of the Company's first exploration well planned for the First Half 2027. Milestone Timeline: NEMC site verification completed July 2026; TAC review successfully concluded July 2026; Final EIA process and certification expected during the Third Quarter 2026; 3D seismic acquisition planned for the Third Quarter 2026, following receipt of the EIA certificate; Data processing, interpretation and prospect ranking following seismic acquisition; Updated independent Resource First Quarter 2027; Two-well exploration drilling campaign, first well planned for the First Half 2027.

U.K. (FTSE) Chemicals Industry Analysis

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