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Nigerian (NSE) Materials Sector Analysis
UpdatedSep 19, 2024
DataAggregated Company Financials
Companies14
- 7D0.1%
- 3M-18.5%
- 1Y36.0%
- YTD43.2%
The Materials industry has stayed flat over the last week. As for the the longer term, the industry is up 36% over the past 12 months. Looking forward, earnings are forecast to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Sep 2024 | ₦13.5t | ₦4.3t | ₦556.0b | 13.2x | 24.2x | 3.2x |
| Sun, 18 Aug 2024 | ₦14.3t | ₦4.3t | ₦556.1b | 13.2x | 25.7x | 3.4x |
| Tue, 16 Jul 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 14x | 29.4x | 4.5x |
| Thu, 13 Jun 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 12.9x | 29.3x | 4.4x |
| Sat, 11 May 2024 | ₦16.6t | ₦3.7t | ₦448.3b | 12.3x | 37x | 4.4x |
| Mon, 08 Apr 2024 | ₦17.0t | ₦3.2t | ₦576.6b | 11.7x | 29.5x | 5.3x |
| Wed, 06 Mar 2024 | ₦16.9t | ₦3.2t | ₦576.6b | 11.7x | 29.3x | 5.3x |
| Fri, 02 Feb 2024 | ₦19.8t | ₦2.9t | ₦599.3b | 13.3x | 33x | 6.8x |
| Sun, 31 Dec 2023 | ₦9.3t | ₦2.9t | ₦551.3b | 10.4x | 16.9x | 3.2x |
| Tue, 28 Nov 2023 | ₦9.7t | ₦2.9t | ₦551.3b | 9.1x | 17.5x | 3.3x |
| Thu, 26 Oct 2023 | ₦9.4t | ₦2.6t | ₦497.6b | 8.3x | 19x | 3.6x |
| Sat, 23 Sep 2023 | ₦10.0t | ₦2.6t | ₦497.5b | 8.4x | 20.2x | 3.8x |
| Mon, 21 Aug 2023 | ₦9.9t | ₦2.6t | ₦497.5b | 7.2x | 19.9x | 3.8x |
| Wed, 19 Jul 2023 | ₦9.9t | ₦2.5t | ₦518.5b | 9.2x | 19.1x | 4x |
| Fri, 16 Jun 2023 | ₦8.3t | ₦2.5t | ₦518.5b | 9.1x | 16.1x | 3.4x |
| Sun, 14 May 2023 | ₦8.2t | ₦2.5t | ₦528.0b | 8x | 15.4x | 3.3x |
| Tue, 11 Apr 2023 | ₦8.4t | ₦2.5t | ₦522.2b | 7.4x | 16.2x | 3.4x |
| Thu, 09 Mar 2023 | ₦8.8t | ₦2.5t | ₦522.5b | 7.9x | 16.8x | 3.5x |
| Sat, 04 Feb 2023 | ₦8.4t | ₦2.3t | ₦440.1b | 8.1x | 19.2x | 3.6x |
| Mon, 02 Jan 2023 | ₦8.3t | ₦2.3t | ₦452.7b | 9.3x | 18.2x | 3.6x |
| Wed, 30 Nov 2022 | ₦7.5t | ₦2.3t | ₦452.7b | 9.3x | 16.6x | 3.2x |
| Fri, 28 Oct 2022 | ₦7.0t | ₦2.3t | ₦513.5b | 12.1x | 13.7x | 3.1x |
| Sun, 25 Sep 2022 | ₦6.3t | ₦2.3t | ₦513.8b | 9.7x | 12.3x | 2.8x |
| Tue, 23 Aug 2022 | ₦6.7t | ₦2.2t | ₦496.8b | 9x | 13.6x | 3.1x |
| Thu, 21 Jul 2022 | ₦7.4t | ₦2.1t | ₦523.7b | 11.4x | 14.1x | 3.5x |
| Sat, 18 Jun 2022 | ₦7.8t | ₦2.1t | ₦523.7b | 11.7x | 14.9x | 3.7x |
| Mon, 16 May 2022 | ₦8.2t | ₦2.1t | ₦531.6b | 11.9x | 15.5x | 3.8x |
| Wed, 13 Apr 2022 | ₦7.6t | ₦2.0t | ₦495.5b | 12.9x | 15.3x | 3.7x |
| Fri, 11 Mar 2022 | ₦7.6t | ₦2.0t | ₦496.8b | 12.2x | 15.2x | 3.7x |
| Sun, 06 Feb 2022 | ₦7.6t | ₦1.9t | ₦467.4b | 12.7x | 16.4x | 4x |
| Tue, 04 Jan 2022 | ₦7.2t | ₦1.9t | ₦457.5b | 11.1x | 15.7x | 3.8x |
| Thu, 02 Dec 2021 | ₦7.8t | ₦1.9t | ₦457.5b | 11.1x | 17.1x | 4.2x |
| Sat, 30 Oct 2021 | ₦7.8t | ₦1.8t | ₦460.2b | 11.7x | 16.9x | 4.3x |
| Mon, 27 Sep 2021 | ₦7.0t | ₦1.8t | ₦449.3b | 11.2x | 15.5x | 3.9x |
Price to Earnings Ratio
15.5x
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 24.2x which is higher than its 3-year average PE of 19.5x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 7.4% per year over the last three years.
- Revenues for these companies have grown 33% 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 | -3.58% | |
| Materials | 0.11% | |
| Paper and Forestry Products | 16.47% | |
| Chemicals | 1.38% | |
| Basic Materials | 0.10% | |
| Packaging | 0% | |
| Metals and Mining | 0% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry even though it's trading below its 3-year average PE ratio of 65.7x.
- 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, which is trading below its 3-year average of 5.3x.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 37% 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 | ₦36.55 | 1.1% +₦6.4b | 26.0% | PE13.1x | |
| MEYER Meyer | ₦6.41 | 9.9% +₦288.7m | 110.9% | PE10.5x | |
| UNIONDICON Union Dicon Salt | ₦8.00 | 9.6% +₦191.3m | -1.2% | PE-108.9x | |
| THOMASWY Thomas Wyatt Nigeria | ₦1.98 | 16.5% +₦110.9m | 87.6% | PE190.9x |