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Nigerian (NSE) Materials Sector Analysis

UpdatedJul 14, 2025
DataAggregated Company Financials
Companies14
  • 7D2.3%
  • 3M1.3%
  • 1Y-25.5%
  • YTD-0.7%

Over the last 7 days, the Materials industry has risen 2.3%, driven by gains from every company within the industry. In contrast, the industry has lost 25% in the last 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the Nigerian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Jul 2025₦12.3t₦5.8t₦900.7b13.9x13.7x2.1x
Thu, 12 Jun 2025₦12.0t₦5.8t₦709.5b9.6x17x2.1x
Sat, 10 May 2025₦11.9t₦5.8t₦701.7b9.2x17x2.1x
Mon, 07 Apr 2025₦12.4t₦5.3t₦501.2b10.2x24.6x2.3x
Wed, 05 Mar 2025₦12.8t₦4.8t₦423.6b11.1x30.2x2.6x
Fri, 31 Jan 2025₦10.8t₦4.7t₦581.9b13.8x18.6x2.3x
Sun, 29 Dec 2024₦12.4t₦4.7t₦581.5b13.1x21.3x2.6x
Tue, 26 Nov 2024₦12.2t₦4.7t₦581.5b11.3x21x2.6x
Thu, 24 Oct 2024₦12.4t₦4.3t₦556.1b13.5x22.4x2.9x
Sat, 21 Sep 2024₦13.5t₦4.3t₦556.1b13.1x24.2x3.2x
Mon, 19 Aug 2024₦14.3t₦4.3t₦556.1b13.2x25.7x3.4x
Wed, 17 Jul 2024₦16.5t₦3.7t₦562.5b14.2x29.4x4.5x
Fri, 14 Jun 2024₦16.5t₦3.7t₦562.5b13.2x29.3x4.4x
Sun, 12 May 2024₦16.6t₦3.7t₦448.3b12.3x37x4.4x
Tue, 09 Apr 2024₦17.0t₦3.2t₦576.6b11.7x29.5x5.3x
Thu, 07 Mar 2024₦16.9t₦3.2t₦576.6b11.7x29.3x5.3x
Sat, 03 Feb 2024₦19.8t₦2.9t₦599.3b13.8x33x6.9x
Mon, 01 Jan 2024₦9.3t₦2.9t₦551.3b10.4x16.9x3.2x
Wed, 29 Nov 2023₦9.5t₦2.9t₦551.3b9.1x17.3x3.3x
Fri, 27 Oct 2023₦9.4t₦2.6t₦497.6b8.3x19x3.6x
Sun, 24 Sep 2023₦9.5t₦2.6t₦497.5b8.4x19.1x3.6x
Tue, 22 Aug 2023₦9.9t₦2.6t₦497.5b7.2x19.9x3.8x
Thu, 20 Jul 2023₦9.9t₦2.5t₦518.5b9.1x19.1x4x
Sat, 17 Jun 2023₦8.3t₦2.5t₦518.5b8.9x16x3.4x
Mon, 15 May 2023₦8.2t₦2.5t₦528.0b8x15.4x3.3x
Wed, 12 Apr 2023₦8.4t₦2.5t₦522.9b6.9x16x3.4x
Fri, 10 Mar 2023₦8.8t₦2.5t₦522.5b7.9x16.9x3.6x
Sun, 05 Feb 2023₦8.4t₦2.3t₦440.1b8.1x19.2x3.6x
Tue, 03 Jan 2023₦8.3t₦2.3t₦452.7b9.3x18.2x3.6x
Thu, 01 Dec 2022₦7.5t₦2.3t₦452.7b9.3x16.7x3.2x
Sat, 29 Oct 2022₦6.6t₦2.3t₦503.2b10.9x13.1x2.9x
Mon, 26 Sep 2022₦6.3t₦2.3t₦513.8b9.7x12.3x2.8x
Wed, 24 Aug 2022₦6.4t₦2.2t₦496.8b9x12.9x2.9x
Fri, 22 Jul 2022₦7.4t₦2.1t₦523.7b11.4x14.1x3.5x
Price to Earnings Ratio

14.1x


Total Market Cap: ₦7.4tTotal Earnings: ₦523.7bTotal Revenue: ₦2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Materials Sector Price to Earnings3Y Average 21.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Nigerian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 40% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Materials sector?

NG Market4.04%
Materials2.33%
Paper and Forestry Products45.34%
Metals and Mining14.42%
Chemicals13.14%
Basic Materials2.28%
Packaging0%0
Industry PE
  • Investors are most optimistic about the Metals and Mining industry, which is trading close to its 3-year average PE ratio of 70.5x.
    • 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 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 126% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 20% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BUACEMENT BUA Cement₦99.007.0%
+₦220.1b
-30.9%PE24.5x
WAPCO Lafarge Africa₦106.0014.6%
+₦217.5b
194.4%PE11.9x
DANGCEM Dangote Cement₦430.001.2%
+₦83.8b
-34.5%PE12.2x
CAP Chemical and Allied Products₦65.9018.2%
+₦8.3b
83.1%PE14.6x
MEYER Meyer₦23.3545.0%
+₦3.6b
340.6%PE26.2x

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