Narrative Update • Aug 03
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Nigerian (NSE) Materials Sector Analysis
UpdatedAug 25, 2026
DataAggregated Company Financials
Companies12
- 7D-0.001%
- 3M-15.4%
- 1Y106.9%
- YTD81.0%
The Materials industry has been flat over the last week, but Meyer has lost 4.5%. The past year has been better, since the industry has gained 107% in that time. Earnings are forecast to grow by 25% 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, 26 Aug 2026 | ₦33.9t | ₦7.5t | ₦2.0t | 19.2x | 16.8x | 4.5x |
| Fri, 24 Jul 2026 | ₦34.5t | ₦7.1t | ₦1.9t | 21.1x | 17.8x | 4.8x |
| Sun, 21 Jun 2026 | ₦36.4t | ₦7.1t | ₦1.9t | 23.3x | 18.8x | 5.1x |
| Tue, 19 May 2026 | ₦40.6t | ₦7.0t | ₦1.9t | 26.5x | 21.6x | 5.8x |
| Thu, 16 Apr 2026 | ₦29.0t | ₦6.8t | ₦1.7t | 15.9x | 17.3x | 4.3x |
| Sat, 14 Mar 2026 | ₦25.7t | ₦6.8t | ₦1.7t | 13.2x | 15.3x | 3.8x |
| Mon, 09 Feb 2026 | ₦20.7t | ₦6.5t | ₦1.6t | 13.5x | 13.2x | 3.2x |
| Wed, 07 Jan 2026 | ₦19.4t | ₦6.5t | ₦1.6t | 11.1x | 12.5x | 3x |
| Fri, 05 Dec 2025 | ₦17.9t | ₦6.5t | ₦1.6t | 10.3x | 11.5x | 2.7x |
| Sun, 02 Nov 2025 | ₦19.8t | ₦6.5t | ₦1.6t | 11.6x | 12.7x | 3x |
| Tue, 30 Sep 2025 | ₦16.6t | ₦6.1t | ₦1.3t | 12.5x | 13x | 2.7x |
| Thu, 28 Aug 2025 | ₦16.4t | ₦6.1t | ₦1.3t | 10.6x | 12.8x | 2.7x |
| Sat, 26 Jul 2025 | ₦15.2t | ₦5.9t | ₦960.5b | 13.9x | 15.8x | 2.6x |
| Mon, 23 Jun 2025 | ₦12.2t | ₦5.8t | ₦709.5b | 10.8x | 17.2x | 2.1x |
| Wed, 21 May 2025 | ₦12.0t | ₦5.8t | ₦710.2b | 10.1x | 16.9x | 2.1x |
| Fri, 18 Apr 2025 | ₦12.3t | ₦5.3t | ₦501.0b | 10.5x | 24.6x | 2.3x |
| Sun, 16 Mar 2025 | ₦12.8t | ₦5.3t | ₦501.7b | 11x | 25.4x | 2.4x |
| Tue, 11 Feb 2025 | ₦11.3t | ₦4.7t | ₦395.3b | 12.2x | 28.7x | 2.4x |
| Thu, 09 Jan 2025 | ₦12.4t | ₦4.7t | ₦581.5b | 15x | 21.4x | 2.6x |
| Sat, 07 Dec 2024 | ₦12.5t | ₦4.7t | ₦581.5b | 13.7x | 21.6x | 2.7x |
| Mon, 04 Nov 2024 | ₦12.0t | ₦4.7t | ₦578.7b | 11.3x | 20.8x | 2.6x |
| Wed, 02 Oct 2024 | ₦13.3t | ₦4.3t | ₦556.1b | 12.9x | 24x | 3.1x |
| Fri, 30 Aug 2024 | ₦13.5t | ₦4.3t | ₦556.1b | 13.2x | 24.2x | 3.2x |
| Sun, 28 Jul 2024 | ₦15.4t | ₦4.1t | ₦568.7b | 14.4x | 27.1x | 3.8x |
| Tue, 25 Jun 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 13.8x | 29.3x | 4.5x |
| Thu, 23 May 2024 | ₦16.6t | ₦3.7t | ₦448.3b | 12.2x | 37x | 4.5x |
| Sat, 20 Apr 2024 | ₦16.6t | ₦3.2t | ₦462.4b | 11.8x | 35.8x | 5.2x |
| Mon, 18 Mar 2024 | ₦16.9t | ₦3.2t | ₦576.6b | 11.7x | 29.4x | 5.3x |
| Wed, 14 Feb 2024 | ₦19.1t | ₦2.9t | ₦599.3b | 14.5x | 31.8x | 6.6x |
| Fri, 12 Jan 2024 | ₦10.1t | ₦2.9t | ₦551.3b | 12.2x | 18.4x | 3.5x |
| Sun, 10 Dec 2023 | ₦9.3t | ₦2.9t | ₦551.3b | 9.1x | 16.8x | 3.2x |
| Tue, 07 Nov 2023 | ₦9.7t | ₦2.9t | ₦551.3b | 7.4x | 17.6x | 3.4x |
| Thu, 05 Oct 2023 | ₦9.3t | ₦2.6t | ₦497.5b | 8.4x | 18.7x | 3.5x |
| Sat, 02 Sep 2023 | ₦10.1t | ₦2.6t | ₦497.5b | 8.4x | 20.3x | 3.8x |
Price to Earnings Ratio
20.3x
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 16.8x which is lower than its 3-year average PE of 20.7x.
- The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 42% 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 | -1.74% | |
| Materials | -0.0014% | |
| Basic Materials | 0% | 0 |
| Packaging | 0% | 0 |
| Metals and Mining | 0% | 0 |
| Chemicals | -0.21% | |
| Paper and Forestry Products | -8.33% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 82.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Packaging industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.8x.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 25% over the next 5 years.
- However this is lower than its past earnings growth rate of 71% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| MEYER Meyer | ₦15.95 | 6.0% +₦448.0m | -4.8% | PE15.7x |