Nigerian (NSE) Materials Sector Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies13
- 7D-0.7%
- 3M16.0%
- 1Y-3.3%
- YTD3.1%
Last week, the Materials industry hasn't moved much but Lafarge Africa is up 4.5% in that time. Unfortunately though, the industry is down 3.3% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.
Sector Valuation and Performance
Has the Nigerian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | ₦7.5t | ₦2.3t | ₦452.7b | 9.3x | 16.7x | 3.2x |
| Sat, 29 Oct 2022 | ₦6.6t | ₦2.3t | ₦503.2b | 10.9x | 13.1x | 2.9x |
| Mon, 26 Sep 2022 | ₦6.3t | ₦2.3t | ₦513.8b | 9.7x | 12.3x | 2.8x |
| Wed, 24 Aug 2022 | ₦6.4t | ₦2.2t | ₦496.8b | 9x | 12.9x | 2.9x |
| Fri, 22 Jul 2022 | ₦7.4t | ₦2.1t | ₦523.7b | 11.4x | 14.1x | 3.5x |
| Sun, 19 Jun 2022 | ₦7.8t | ₦2.1t | ₦523.7b | 11.7x | 14.9x | 3.7x |
| Tue, 17 May 2022 | ₦8.2t | ₦2.1t | ₦531.6b | 11.9x | 15.4x | 3.8x |
| Thu, 14 Apr 2022 | ₦7.6t | ₦2.0t | ₦495.5b | 13.9x | 15.3x | 3.7x |
| Sat, 12 Mar 2022 | ₦7.6t | ₦2.0t | ₦496.8b | 12.2x | 15.2x | 3.7x |
| Mon, 07 Feb 2022 | ₦7.6t | ₦1.9t | ₦467.4b | 12.7x | 16.4x | 4x |
| Wed, 05 Jan 2022 | ₦7.2t | ₦1.9t | ₦457.5b | 11.1x | 15.7x | 3.8x |
| Fri, 03 Dec 2021 | ₦7.8t | ₦1.9t | ₦457.5b | 11.1x | 17.1x | 4.2x |
| Sun, 31 Oct 2021 | ₦7.8t | ₦1.9t | ₦457.6b | 11.7x | 17x | 4.1x |
| Tue, 28 Sep 2021 | ₦7.0t | ₦1.8t | ₦449.3b | 11.2x | 15.5x | 3.9x |
| Thu, 26 Aug 2021 | ₦7.1t | ₦1.8t | ₦449.3b | 11x | 15.7x | 3.9x |
| Fri, 02 Jul 2021 | ₦6.7t | ₦1.8t | ₦449.3b | 10.2x | 14.9x | 3.7x |
| Mon, 05 Apr 2021 | ₦6.7t | ₦1.6t | ₦405.5b | 11.6x | 16.4x | 4.1x |
| Thu, 07 Jan 2021 | ₦7.3t | ₦1.5t | ₦373.0b | 11.7x | 19.5x | 4.7x |
| Wed, 30 Sep 2020 | ₦4.2t | ₦1.5t | ₦347.1b | 8.9x | 12.2x | 2.9x |
| Sat, 04 Jul 2020 | ₦3.8t | ₦1.4t | ₦295.4b | 8.8x | 12.8x | 2.8x |
| Tue, 07 Apr 2020 | ₦3.7t | ₦1.4t | ₦284.0b | 9.1x | 13.1x | 2.7x |
| Fri, 10 Jan 2020 | ₦2.8t | ₦1.2t | ₦216.9b | 11.3x | 13x | 2.4x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are relatively neutral on the Nigerien 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 15.3x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Materials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 28% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Nigerian Materials sector?
| NG Market | 0.79% | |
| Materials | -0.72% | |
| Metals and Mining | 2.64% | |
| Chemicals | 0% | |
| Paper and Forestry Products | 0% | |
| Basic Materials | -0.70% | |
| Packaging | -9.81% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry even though it's trading below its 3-year average PE ratio of 27.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 16% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WAPCO Lafarge Africa | ₦22.05 | 4.5% +₦15.3b | -10.2% | PE6.4x | |
| MULTIVERSE Multiverse Mining and Exploration | ₦4.40 | 4.8% +₦85.2m | 120.0% | PE12.9x | |
| THOMASWY Thomas Wyatt Nigeria | ₦0.40 | 11.1% +₦8.8m | 14.3% | PS1.6x |