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Nigerian (NSE) Materials Sector Analysis
UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies15
- 7D0.03%
- 3M3.1%
- 1Y-26.6%
- YTD1.4%
Over the last 7 days, the Materials industry has remained flat, although notably Beta Glass gained 4.9%. As for the longer term, the industry has declined 27% in the last year. As for the next few years, earnings are expected to grow by 23% 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, 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 |
| Mon, 21 Nov 2022 | ₦7.0t | ₦2.3t | ₦452.7b | 9.1x | 15.4x | 3x |
| Wed, 19 Oct 2022 | ₦6.6t | ₦2.3t | ₦513.8b | 9.7x | 12.9x | 2.9x |
| Fri, 16 Sep 2022 | ₦6.5t | ₦2.3t | ₦513.8b | 10.8x | 12.6x | 2.9x |
| Sun, 14 Aug 2022 | ₦6.7t | ₦2.2t | ₦496.8b | 10.1x | 13.5x | 3.1x |
| Tue, 12 Jul 2022 | ₦7.7t | ₦2.1t | ₦523.7b | 10.7x | 14.6x | 3.6x |
| Thu, 09 Jun 2022 | ₦7.8t | ₦2.1t | ₦531.7b | 11.7x | 14.7x | 3.6x |
| Sat, 07 May 2022 | ₦8.0t | ₦2.1t | ₦531.6b | 12.3x | 15.1x | 3.8x |
| Mon, 04 Apr 2022 | ₦7.6t | ₦2.0t | ₦495.1b | 9.7x | 15.3x | 3.7x |
| Wed, 02 Mar 2022 | ₦7.6t | ₦1.9t | ₦470.0b | 12.2x | 16.2x | 4x |
Price to Earnings Ratio
16.2x
Current Industry PE
- Investors are optimistic on the Nigerian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.5x which is higher than its 3-year average PE of 20.3x.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 5.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 35% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Nigerian Materials sector?
| NG Market | 0.83% | |
| Materials | 0.03% | |
| Packaging | 4.86% | |
| Basic Materials | 0.013% | |
| Paper and Forestry Products | 0% | 0 |
| Chemicals | -0.17% | |
| Metals and Mining | -0.69% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 57.7x.
- 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 23% over the next 5 years.
- This is better than its past earnings growth rate of 3.3% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| BETAGLAS Beta Glass | ₦99.85 | 4.9% +₦2.8b | 68.1% | PE4.3x | |
| WAPCO Lafarge Africa | ₦78.00 | 0.1% +₦1.6b | 117.3% | PE17.5x |