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Nigerian (NSE) Materials Sector Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies13
- 7D4.7%
- 3M11.0%
- 1Y58.2%
- YTD4.7%
In the last week, the Materials industry is up 4.7%, with Dangote Cement up 4.3%. In the same time, Aluminium Extrusion Industries was down 20%. This means that the industry has gained 58% over the past year. 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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | ₦19.6t | ₦6.5t | ₦1.6t | 12.1x | 12.6x | 3x |
| Wed, 10 Dec 2025 | ₦18.4t | ₦6.5t | ₦1.6t | 10.8x | 11.8x | 2.8x |
| Fri, 07 Nov 2025 | ₦19.6t | ₦6.5t | ₦1.6t | 11.6x | 12.6x | 3x |
| Sun, 05 Oct 2025 | ₦16.7t | ₦6.1t | ₦1.3t | 12.5x | 13x | 2.7x |
| Tue, 02 Sep 2025 | ₦16.2t | ₦6.1t | ₦1.3t | 10.6x | 12.7x | 2.7x |
| Thu, 31 Jul 2025 | ₦15.9t | ₦6.1t | ₦1.3t | 12x | 12.4x | 2.6x |
| Sat, 28 Jun 2025 | ₦12.6t | ₦5.8t | ₦709.5b | 11.1x | 17.7x | 2.2x |
| Mon, 26 May 2025 | ₦12.0t | ₦5.8t | ₦710.2b | 11x | 16.9x | 2.1x |
| Wed, 23 Apr 2025 | ₦12.3t | ₦5.3t | ₦501.0b | 10.5x | 24.6x | 2.3x |
| Fri, 21 Mar 2025 | ₦12.5t | ₦5.3t | ₦501.7b | 11x | 24.8x | 2.3x |
| Sun, 16 Feb 2025 | ₦12.8t | ₦4.7t | ₦395.3b | 12.8x | 32.5x | 2.7x |
| Tue, 14 Jan 2025 | ₦12.4t | ₦4.7t | ₦581.5b | 15.2x | 21.3x | 2.6x |
| Thu, 12 Dec 2024 | ₦12.4t | ₦4.7t | ₦581.5b | 12.8x | 21.3x | 2.6x |
| Sat, 09 Nov 2024 | ₦12.0t | ₦4.7t | ₦581.5b | 10.7x | 20.7x | 2.6x |
| Mon, 07 Oct 2024 | ₦12.4t | ₦4.3t | ₦556.1b | 13.6x | 22.4x | 2.9x |
| Wed, 04 Sep 2024 | ₦13.5t | ₦4.3t | ₦556.1b | 13.3x | 24.2x | 3.2x |
| Fri, 02 Aug 2024 | ₦15.4t | ₦4.3t | ₦556.1b | 13.2x | 27.7x | 3.6x |
| Sun, 30 Jun 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 13.2x | 29.3x | 4.4x |
| Tue, 28 May 2024 | ₦16.5t | ₦3.7t | ₦562.5b | 12.2x | 29.3x | 4.5x |
| Thu, 25 Apr 2024 | ₦16.6t | ₦3.2t | ₦462.2b | 11.8x | 35.9x | 5.2x |
| Sat, 23 Mar 2024 | ₦17.0t | ₦3.2t | ₦576.6b | 11.7x | 29.5x | 5.4x |
| Mon, 19 Feb 2024 | ₦18.8t | ₦2.9t | ₦599.3b | 11.9x | 31.4x | 6.5x |
| Wed, 17 Jan 2024 | ₦11.7t | ₦2.9t | ₦551.3b | 13x | 21.1x | 4x |
| Fri, 15 Dec 2023 | ₦9.3t | ₦2.9t | ₦551.3b | 9.1x | 16.9x | 3.2x |
| Sun, 12 Nov 2023 | ₦9.8t | ₦2.9t | ₦551.3b | 7.4x | 17.7x | 3.4x |
| Tue, 10 Oct 2023 | ₦9.1t | ₦2.6t | ₦497.5b | 8.4x | 18.2x | 3.4x |
| Thu, 07 Sep 2023 | ₦10.1t | ₦2.6t | ₦497.5b | 8.4x | 20.4x | 3.8x |
| Sat, 05 Aug 2023 | ₦9.9t | ₦2.6t | ₦497.4b | 7.8x | 19.9x | 3.7x |
| Mon, 03 Jul 2023 | ₦8.6t | ₦2.5t | ₦518.5b | 9.3x | 16.5x | 3.5x |
| Wed, 31 May 2023 | ₦8.1t | ₦2.5t | ₦528.0b | 8.5x | 15.3x | 3.3x |
| Fri, 28 Apr 2023 | ₦8.4t | ₦2.5t | ₦531.9b | 7.2x | 15.8x | 3.4x |
| Sun, 26 Mar 2023 | ₦8.8t | ₦2.5t | ₦522.5b | 7.6x | 16.8x | 3.6x |
| Tue, 21 Feb 2023 | ₦8.5t | ₦2.3t | ₦440.1b | 8.3x | 19.3x | 3.6x |
| Thu, 19 Jan 2023 | ₦8.5t | ₦2.3t | ₦452.6b | 9.8x | 18.7x | 3.7x |
Price to Earnings Ratio
18.7x
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 12.6x which is lower than its 3-year average PE of 20.8x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 3.0x.
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 | 2.26% | |
| Materials | 4.67% | |
| Metals and Mining | 23.48% | |
| Chemicals | 15.07% | |
| Packaging | 12.82% | |
| Basic Materials | 4.50% | |
| Paper and Forestry Products | 0% | 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 75.6x.
- 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 | |
|---|---|---|---|---|---|
| DANGCEM Dangote Cement | ₦635.00 | 4.3% +₦435.6b | 32.6% | PE11.1x | |
| WAPCO Lafarge Africa | ₦150.00 | 11.5% +₦249.7b | 114.3% | PE9.7x | |
| BUACEMENT BUA Cement | ₦183.00 | 2.5% +₦152.4b | 96.8% | PE19.7x | |
| BETAGLAS Beta Glass | ₦417.50 | 12.8% +₦28.5b | 543.3% | PE7.7x | |
| CAP Chemical and Allied Products | ₦79.50 | 15.2% +₦8.6b | 109.2% | PE13.4x |