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Nigerian (NSE) Materials Sector Analysis
UpdatedJul 03, 2025
DataAggregated Company Financials
Companies15
- 7D-2.4%
- 3M-1.2%
- 1Y-26.7%
- YTD-2.9%
Over the last 7 days, the Materials industry has dropped 2.4%, driven by a pullback from Dangote Cement of 3.4%. The industry has fallen 27% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 06 Jul 2025 | ₦12.3t | ₦5.8t | ₦709.5b | 12.3x | 17.4x | 2.1x |
| Tue, 03 Jun 2025 | ₦12.0t | ₦5.8t | ₦710.2b | 10.4x | 17x | 2.1x |
| Thu, 01 May 2025 | ₦11.8t | ₦5.8t | ₦701.6b | 9.3x | 16.8x | 2x |
| Sat, 29 Mar 2025 | ₦12.4t | ₦5.3t | ₦501.7b | 11x | 24.7x | 2.3x |
| Mon, 24 Feb 2025 | ₦12.8t | ₦4.7t | ₦395.3b | 12.8x | 32.5x | 2.7x |
| Wed, 22 Jan 2025 | ₦11.1t | ₦4.7t | ₦581.5b | 14.8x | 19.1x | 2.4x |
| Fri, 20 Dec 2024 | ₦12.4t | ₦4.7t | ₦581.5b | 13.3x | 21.3x | 2.6x |
| Sun, 17 Nov 2024 | ₦12.0t | ₦4.7t | ₦581.5b | 10.7x | 20.7x | 2.6x |
| Tue, 15 Oct 2024 | ₦12.4t | ₦4.3t | ₦556.1b | 13.4x | 22.3x | 2.9x |
| Thu, 12 Sep 2024 | ₦13.4t | ₦4.3t | ₦556.1b | 13x | 24.2x | 3.2x |
| Sat, 10 Aug 2024 | ₦15.0t | ₦4.3t | ₦556.1b | 13.2x | 26.9x | 3.5x |
| Mon, 08 Jul 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 14x | 29.4x | 4.5x |
| Wed, 05 Jun 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 12.2x | 29.3x | 4.4x |
| Fri, 03 May 2024 | ₦16.6t | ₦3.7t | ₦457.0b | 12.3x | 36.2x | 4.5x |
| Sun, 31 Mar 2024 | ₦17.0t | ₦3.2t | ₦576.6b | 12x | 29.6x | 5.4x |
| Tue, 27 Feb 2024 | ₦17.2t | ₦2.9t | ₦599.3b | 12x | 28.8x | 6x |
| Thu, 25 Jan 2024 | ₦18.6t | ₦2.9t | ₦551.3b | 13x | 33.8x | 6.4x |
| Sat, 23 Dec 2023 | ₦9.3t | ₦2.9t | ₦551.3b | 9.4x | 16.9x | 3.2x |
| Mon, 20 Nov 2023 | ₦9.7t | ₦2.9t | ₦551.3b | 7.4x | 17.5x | 3.3x |
| Wed, 18 Oct 2023 | ₦9.5t | ₦2.6t | ₦497.5b | 8.4x | 19x | 3.6x |
| Fri, 15 Sep 2023 | ₦10.0t | ₦2.6t | ₦497.5b | 8.4x | 20.2x | 3.8x |
| Sun, 13 Aug 2023 | ₦9.9t | ₦2.6t | ₦497.5b | 7.3x | 19.8x | 3.7x |
| Tue, 11 Jul 2023 | ₦8.8t | ₦2.5t | ₦518.5b | 9.5x | 16.9x | 3.6x |
| Thu, 08 Jun 2023 | ₦8.6t | ₦2.5t | ₦528.0b | 8.1x | 16.2x | 3.5x |
| Sat, 06 May 2023 | ₦8.4t | ₦2.5t | ₦530.6b | 7.4x | 15.9x | 3.4x |
| Mon, 03 Apr 2023 | ₦8.4t | ₦2.5t | ₦522.5b | 7.4x | 16.2x | 3.4x |
| Wed, 01 Mar 2023 | ₦8.7t | ₦2.4t | ₦442.9b | 8.2x | 19.5x | 3.7x |
| Fri, 27 Jan 2023 | ₦8.4t | ₦2.3t | ₦452.6b | 9.8x | 18.6x | 3.6x |
| Sun, 25 Dec 2022 | ₦8.2t | ₦2.3t | ₦452.7b | 9.3x | 18.2x | 3.6x |
| Tue, 22 Nov 2022 | ₦7.0t | ₦2.3t | ₦452.7b | 9.1x | 15.4x | 3x |
| Thu, 20 Oct 2022 | ₦6.7t | ₦2.3t | ₦513.8b | 9.7x | 13x | 3x |
| Sat, 17 Sep 2022 | ₦6.5t | ₦2.3t | ₦513.8b | 10.8x | 12.6x | 2.9x |
| Mon, 15 Aug 2022 | ₦6.7t | ₦2.2t | ₦496.8b | 10.1x | 13.5x | 3.1x |
| Wed, 13 Jul 2022 | ₦7.7t | ₦2.1t | ₦523.7b | 10.7x | 14.6x | 3.6x |
Price to Earnings Ratio
14.6x
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 17.4x 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 11% 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 Market | 1.14% | |
| Materials | -2.36% | |
| Paper and Forestry Products | 8.17% | |
| Chemicals | 3.35% | |
| Packaging | 0% | 0 |
| Metals and Mining | -2.41% | |
| Basic Materials | -2.55% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry, which is trading close to its 3-year average PE ratio of 70.1x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WAPCO Lafarge Africa | ₦92.50 | 2.9% +₦41.9b | 156.9% | PE10.4x | |
| CAP Chemical and Allied Products | ₦55.75 | 18.4% +₦7.0b | 54.9% | PE12.3x | |
| MEYER Meyer | ₦14.65 | 60.1% +₦2.7b | 176.4% | PE16.4x | |
| BERGER Berger Paints Nigeria | ₦33.00 | 10.0% +₦869.5m | 120.0% | PE12.3x | |
| UNIONDICON Union Dicon Salt | ₦8.40 | 15.1% +₦300.7m | 3.7% | PE-24.1x |