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 0.62x.

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 30.1x. Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings decline of 81.9% per year.

U.K. (FTSE) Chemicals Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 18 Jun 2026	UK£10.7b	UK£17.5b	-UK£136,354,450.45	29.3x	-78.3x	0.6x
Sat, 16 May 2026	UK£9.9b	UK£16.6b	-UK£140,506,929.61	29.4x	-70.8x	0.6x
Mon, 13 Apr 2026	UK£10.1b	UK£16.7b	-UK£20,560,448.39	19.8x	-489.1x	0.6x
Wed, 11 Mar 2026	UK£9.5b	UK£16.7b	-UK£35,012,904.20	24x	-272.1x	0.6x
Fri, 06 Feb 2026	UK£10.5b	UK£16.8b	-UK£37,858,413.55	26.5x	-277.9x	0.6x
Sun, 04 Jan 2026	UK£10.1b	UK£16.8b	-UK£32,402,580.18	20.7x	-311.3x	0.6x
Tue, 02 Dec 2025	UK£9.6b	UK£16.8b	-UK£40,680,954.43	22.7x	-236.7x	0.6x
Thu, 30 Oct 2025	UK£10.3b	UK£16.8b	UK£423.2m	19.2x	24.3x	0.6x
Sat, 27 Sep 2025	UK£9.6b	UK£16.7b	UK£432.5m	20.1x	22.1x	0.6x
Mon, 25 Aug 2025	UK£9.4b	UK£16.7b	UK£432.4m	22.7x	21.6x	0.6x
Wed, 23 Jul 2025	UK£9.7b	UK£16.8b	UK£449.4m	22.4x	21.6x	0.6x
Fri, 20 Jun 2025	UK£9.6b	UK£16.8b	UK£449.7m	21.1x	21.4x	0.6x
Sun, 18 May 2025	UK£9.1b	UK£17.1b	UK£602.6m	22.4x	15.1x	0.5x
Tue, 15 Apr 2025	UK£8.0b	UK£17.1b	UK£592.5m	18.8x	13.6x	0.5x
Thu, 13 Mar 2025	UK£9.8b	UK£17.1b	UK£582.1m	16.4x	16.8x	0.6x
Sat, 08 Feb 2025	UK£9.7b	UK£17.1b	UK£577.1m	17.1x	16.9x	0.6x
Mon, 06 Jan 2025	UK£9.9b	UK£17.1b	UK£577.1m	19.7x	17.1x	0.6x
Wed, 04 Dec 2024	UK£10.2b	UK£17.2b	UK£590.8m	20x	17.3x	0.6x
Fri, 01 Nov 2024	UK£10.9b	UK£18.2b	UK£164.9m	24.1x	65.9x	0.6x
Sun, 29 Sep 2024	UK£12.2b	UK£18.1b	UK£158.0m	25.4x	77.4x	0.7x
Tue, 27 Aug 2024	UK£12.2b	UK£18.1b	UK£154.9m	26.6x	78.6x	0.7x
Thu, 25 Jul 2024	UK£12.3b	UK£18.2b	UK£193.2m	29.4x	63.9x	0.7x
Sat, 22 Jun 2024	UK£12.1b	UK£18.2b	UK£191.3m	29.8x	63.2x	0.7x
Mon, 20 May 2024	UK£13.9b	UK£19.5b	UK£255.3m	32x	54.4x	0.7x
Wed, 17 Apr 2024	UK£13.6b	UK£19.6b	UK£286.4m	23.4x	47.6x	0.7x
Fri, 15 Mar 2024	UK£13.0b	UK£19.6b	UK£244.5m	17.9x	53.1x	0.7x
Sun, 11 Feb 2024	UK£13.2b	UK£20.0b	UK£144.4m	17.8x	91.5x	0.7x
Tue, 09 Jan 2024	UK£13.1b	UK£20.0b	UK£141.1m	19.1x	92.8x	0.7x
Thu, 07 Dec 2023	UK£12.8b	UK£20.0b	UK£140.0m	18.2x	91.4x	0.6x
Sat, 04 Nov 2023	UK£12.7b	UK£20.8b	UK£258.1m	17.9x	49.4x	0.6x
Mon, 02 Oct 2023	UK£12.9b	UK£20.9b	UK£257.4m	16.9x	50.2x	0.6x
Wed, 30 Aug 2023	UK£14.2b	UK£21.0b	UK£355.3m	25.1x	39.9x	0.7x
Fri, 28 Jul 2023	UK£15.2b	UK£21.0b	UK£342.2m	28.3x	44.4x	0.7x
Sun, 25 Jun 2023	UK£14.2b	UK£21.2b	UK£802.1m	14x	17.7x	0.7x


GB Market	2.43%
Materials	7.09%
Chemicals	4.20%
Specialty Chemicals	4.41%
Fertilizers and Agricultural Chemicals	3.63%
Commodity Chemicals	1.99%
Industrial Gases	-6.56%

Company	Last Price	7D	1Y	Valuation
JMAT Johnson Matthey	UK£21.64	8.5% +UK£283.7m	26.5%	PS0.3x
CRDA Croda International	UK£30.99	2.0% +UK£85.3m	1.9%	PE69.9x
ELM Elementis	UK£1.57	2.4% +UK£20.6m	2.5%	PE19.1x
VCT Victrex	UK£6.24	3.1% +UK£16.5m	-19.1%	PS1.8x
ZTF Zotefoams	UK£4.59	5.5% +UK£11.9m	53.0%	PE10.1x

Announcement • 21h

Georgina Energy plc Announces Payment of Deposit for Ensign 970 Drill Rig for Scheduled Third Quarter 2026 Drilling Work At Hussar Prospect EP513

Georgina Energy Plc had announced the payment, to Ensign Australia Pty Ltd, of the deposit for the supply of the Ensign 970 drill rig for the scheduled Third Quarter 2026 drilling work at the 100% owned Hussar prospect EP513. The Hussar prospect lies in the Officer Basin, Western Australia in exploration permit EP513 (SPA 0036). Georgina Energy intends to drill the EP513 Hussar well to a depth of 3,200m, targeting the primary subsalt reservoir formations, including the Townsend Formation and the fractured Neoproterozoic basement lithologies, for helium, hydrogen and natural gas. Independent consultants confirmed that Hussar has the required elements to yield net attributable 2U Prospective Resources of 155 BCFG Helium & 173 BCFG hydrogen with a potential combined in-situ value of USD 55,000 million (He USD 350/MCFG, H USD 2.65/kg) and net attributable 2U Prospective (recoverable) Resources of 1.73 TCFG of Natural Gas with potential in-situ value of USD 5,240 million. The drill testing timeline of Third Quarter 2026 remains unchanged, and the drill program is planned for 50 days from spud to completion, subject to any changes deemed necessary as the program evolves. Georgina's technical consultants Aztech Well Construction are working with suppliers for casing, wellhead, and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services. The pre-drill site inspections are important to confirm the work programs have been completed to ensure compliance with the Department of Mines, Petroleum and Exploration's approved Well Management Plan lodged by Georgina's wholly owned operating subsidiary Westmarket Oil & Gas Pty Ltd. in Fiscal year 2025. The Company's operations and technical consultancy teams will be travelling to site in this month of June 2026, to undertake inspections of the access road repairs, ensure site preparation, clear access for the water well drilling, preparation of the drill and accommodation pad. The water bore drilling rig is expected to drill a maximum of two water bores on the Hussar site by the end of July 2026. The contracted Ensign Rig 970 is currently located in the North Perth Basin before being mobilised to site for Georgina once the access, site, airstrip and water well drilling works have been completed. The drilling program and site infrastructure works required to develop Hussar into a producing asset will be funded solely by Harlequin and their partners. With 300 km2 of a real closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects on shore in Australia.

Announcement • Jun 02

Helix Exploration Announces Noble Gas Isotope Results from Rudyard Helium Project

Helix Exploration PLC announced the results of independent noble gas isotope analyses conducted across its three producing helium wells and production gas stream at Rudyard. Samples were analyzed by Dr. Peter Barry at Woods Hole Oceanographic Institution (WHOI) using a noble gas mass spectrometry in May 2026. Helium-3 to helium-4 ratios (3He/4He) are approximately 33 times above typical crustal helium values and carry approximately 1% helium in the raw well gas stream across all three producing wells. He isotopes consistently range from 0.665-0.690 relative to air (Ra) - indicating predominantly crustal gases (92%) and a whiff of mantle (8%). Consistency across all three wells (0.665-0.690 Ra) is a strong geological indicator that the Company is drawing from a single, uniform deep reservoir. Production gas stream records 855 parts per billion helium-3, following purification at Helix's Rudyard plant. Argon isotope signature (4°Ar/³6Ar: 7,950-9,665) is 27-33 times above atmospheric values and carries approximately 1,500 parts per million argon in the raw well gas stream. The profile is consistent with a potential underground argon source. Direct ³?Ar analysis is currently being arranged. Neon isotope ratios confirm crust and mantle noble gas components. Helium-3 Isotope Results: Sample ³He/4He Ratio (Ra) vs. Typical Crustal ³He concentration: Darwin-1 Well 0.665 Ra approximately 33 times above typical crustal 9.95 ppb ³He; Linda-1 Well approximately 0.675 Ra approximately 34 times above typical crustal 10.23 ppb ³He; Weil-1 Well approximately 0.685 Ra approximately 34 times above typical crustal 9.46 ppb ³He; Production Gas Stream 0.690 Ra approximately 35 times above typical crustal 855 ppb ³He. Ra = atmospheric ³He/4He reference (1.384 × 10?6). Typical crustal helium: approximately 0.02 Ra (range 0.01-0.05 Ra). Mantle reference: 8 Ra. Production gas concentrated to approximately 89.6% helium-4 at Helix's Rudyard plant; 855 ppb ³He reflects this concentration. The same analyses reveals a potentially significant argon finding. Argon that has been sealed deep underground for millions of years - shielded from cosmic radiation - becomes depleted in a naturally radioactive isotope called argon-39. This 'underground argon' is rare and is in high demand from the global physics community for use in ultra-sensitive dark matter detectors, where even trace radioactive contamination must be eliminated. There is currently only one known commercial source of underground argon in the world - a CO2 field in Cortez, Colorado - where the Global Argon Dark Matter Collaboration (GADMC), a consortium including Princeton University, ETH Zürich, and leading European physics laboratories, is extracting 120 tonnes for the DarkSide-20k dark matter experiment in Italy. There is no established commodity price; its value is defined by its unique scarcity. Helix's argon isotope results show that the argon in Rudyard's wells has the indications of gas that has been completely sealed underground for a long time, with no mixing with the atmosphere - the same geological characteristic that underpins known underground argon sources. High 40Ar/36Ar values (>8,000) are on par with those measured from Cortez (approximately 11,000), suggesting a similar deep source for the argon at Rudyard. These argon isotope ratios are 27 to 33 times above normal atmospheric values, and the wells carry approximately 1,500 parts per million argon in the raw gas stream. Furthermore, He/Ne values exceeding 60,000 confirm that Rudyard gas streams have experienced very little mixing with the modern atmosphere. These characteristics, together with the crust-mantle mixed helium and neon isotope signatures, paint a consistent picture of a deep, ancient, isolated reservoir. The Company has not yet carried out the specific test - a direct measurement of argon-39 - needed to confirm whether Rudyard's argon qualifies as underground argon. That measurement requires specialist equipment available at only a small number of laboratories worldwide, and Helix is actively making those arrangements. Until that test is completed, no equivalence to Cortez can be claimed. If the result is favorable, it would represent a discovery of considerable scientific and commercial significance and would position Rudyard as a potential second source of underground argon in the world. The concentration of argon-40 is approximately 3 times higher (approximately 1,500 ppm) at Rudyard versus reported concentrations at Cortez of approximately 600 ppm. The convergence of an exceptional ³He/4He signature, elevated mantle neon isotopes, and a highly radiogenic argon profile provides strong geochemical evidence that Rudyard draws from a deep, ancient, and isolated noble gas reservoir. These characteristics directly underpin the field's helium production and - pending 39Ar confirmation - may establish Rudyard as one of the most geochemically significant noble gas accumulations in North America. In accordance with the AIM Note for Mining and Oil and Gas Companies, Dr. Peter Barry, Associate Scientist with Tenure at WHOI, has reviewed the technical information contained herein. Dr. Barry has a PhD in geochemistry and approximately 20 years of experience working with noble gases. He has worked closely with the oil and gas industry for more than a decade.

U.K. (FTSE) Chemicals Industry Analysis

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Latest News

Georgina Energy plc Announces Payment of Deposit for Ensign 970 Drill Rig for Scheduled Third Quarter 2026 Drilling Work At Hussar Prospect EP513

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