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Nigerian (NSE) Materials Sector Analysis
UpdatedDec 17, 2025
DataAggregated Company Financials
Companies14
- 7D-0.06%
- 3M13.3%
- 1Y47.1%
- YTD48.0%
Over the last 7 days, the Materials industry has remained flat, although notably Berger Paints Nigeria gained 15%. As for the the longer term, the industry is up 47% over the past 12 months. Earnings are forecast to grow by 15% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 17 Dec 2025 | ₦18.4t | ₦6.5t | ₦1.6t | 10.8x | 11.8x | 2.8x |
| Fri, 14 Nov 2025 | ₦17.9t | ₦6.5t | ₦1.6t | 10.4x | 11.5x | 2.7x |
| Sun, 12 Oct 2025 | ₦17.5t | ₦6.1t | ₦1.3t | 12.5x | 13.6x | 2.9x |
| Tue, 09 Sep 2025 | ₦16.1t | ₦6.1t | ₦1.3t | 10.6x | 12.5x | 2.6x |
| Thu, 07 Aug 2025 | ₦18.6t | ₦6.1t | ₦1.3t | 11.7x | 14.5x | 3x |
| Sat, 05 Jul 2025 | ₦12.3t | ₦5.8t | ₦709.5b | 12.3x | 17.3x | 2.1x |
| Mon, 02 Jun 2025 | ₦12.0t | ₦5.8t | ₦710.2b | 9.9x | 17x | 2.1x |
| Wed, 30 Apr 2025 | ₦11.8t | ₦5.8t | ₦701.6b | 9.3x | 16.8x | 2x |
| Fri, 28 Mar 2025 | ₦12.4t | ₦5.3t | ₦501.7b | 11x | 24.7x | 2.3x |
| Sun, 23 Feb 2025 | ₦12.8t | ₦4.7t | ₦395.3b | 12.8x | 32.5x | 2.7x |
| Tue, 21 Jan 2025 | ₦11.1t | ₦4.7t | ₦581.5b | 14.8x | 19.1x | 2.4x |
| Thu, 19 Dec 2024 | ₦12.5t | ₦4.7t | ₦581.5b | 13.3x | 21.5x | 2.6x |
| Sat, 16 Nov 2024 | ₦12.0t | ₦4.7t | ₦581.5b | 10.7x | 20.7x | 2.6x |
| Mon, 14 Oct 2024 | ₦12.4t | ₦4.3t | ₦556.1b | 13.4x | 22.3x | 2.9x |
| Wed, 11 Sep 2024 | ₦13.4t | ₦4.3t | ₦556.1b | 13x | 24.2x | 3.2x |
| Fri, 09 Aug 2024 | ₦15.0t | ₦4.3t | ₦556.1b | 13.2x | 26.9x | 3.5x |
| Sun, 07 Jul 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 14x | 29.4x | 4.5x |
| Tue, 04 Jun 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 12.2x | 29.3x | 4.4x |
| Thu, 02 May 2024 | ₦16.6t | ₦3.7t | ₦457.9b | 11.2x | 36.2x | 4.5x |
| Sat, 30 Mar 2024 | ₦17.0t | ₦3.2t | ₦576.6b | 12x | 29.6x | 5.4x |
| Mon, 26 Feb 2024 | ₦17.2t | ₦2.9t | ₦599.3b | 12x | 28.8x | 6x |
| Wed, 24 Jan 2024 | ₦15.9t | ₦2.9t | ₦551.3b | 12.7x | 28.8x | 5.5x |
| Fri, 22 Dec 2023 | ₦9.3t | ₦2.9t | ₦551.3b | 9.4x | 16.9x | 3.2x |
| Sun, 19 Nov 2023 | ₦9.7t | ₦2.9t | ₦551.3b | 7.4x | 17.5x | 3.3x |
| Tue, 17 Oct 2023 | ₦9.5t | ₦2.6t | ₦497.5b | 8.4x | 19x | 3.6x |
| Thu, 14 Sep 2023 | ₦10.0t | ₦2.6t | ₦497.5b | 8.4x | 20.2x | 3.8x |
| Sat, 12 Aug 2023 | ₦9.9t | ₦2.6t | ₦497.5b | 7.3x | 19.8x | 3.7x |
| Mon, 10 Jul 2023 | ₦8.8t | ₦2.5t | ₦518.5b | 9.5x | 16.9x | 3.6x |
| Wed, 07 Jun 2023 | ₦8.6t | ₦2.5t | ₦528.0b | 8.1x | 16.2x | 3.5x |
| Fri, 05 May 2023 | ₦8.4t | ₦2.5t | ₦530.6b | 7.2x | 15.8x | 3.4x |
| Sun, 02 Apr 2023 | ₦8.4t | ₦2.5t | ₦522.5b | 7.4x | 16.2x | 3.4x |
| Tue, 28 Feb 2023 | ₦8.5t | ₦2.4t | ₦442.9b | 8.2x | 19.3x | 3.6x |
| Thu, 26 Jan 2023 | ₦8.4t | ₦2.3t | ₦452.6b | 9.8x | 18.6x | 3.6x |
| Sat, 24 Dec 2022 | ₦8.2t | ₦2.3t | ₦452.7b | 9.3x | 18.2x | 3.5x |
Price to Earnings Ratio
18.2x
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 11.8x which is lower than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 51% per year over the last three years.
- Revenues for these companies have grown 41% 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 | 2.06% | |
| Materials | -0.064% | |
| Metals and Mining | 15.17% | |
| Chemicals | 1.85% | |
| Packaging | 0% | 0 |
| Paper and Forestry Products | 0% | 0 |
| Basic Materials | -0.08% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio.
- 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 15% over the next 5 years.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| BERGER Berger Paints Nigeria | ₦42.00 | 15.2% +₦1.6b | 133.3% | PE8.8x | |
| ALEX Aluminium Extrusion Industries | ₦9.35 | 30.8% +₦483.9m | 30.8% | PS1.2x | |
| MULTIVERSE Multiverse Mining and Exploration | ₦12.15 | 10.0% +₦468.8m | 115.0% | PE6.3x | |
| UNIONDICON Union Dicon Salt | ₦6.30 | 5.0% +₦82.0m | -21.3% | PS502.5x | |
| CAP Chemical and Allied Products | ₦68.55 | 0.07% +₦40.7m | 80.4% | PE11.5x |