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Nigerian (NSE) Basic Materials Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies3
  • 7D5.3%
  • 3M88.1%
  • 1Y232.2%
  • YTD107.3%

In the last week, the Basic Materials industry is up 18%, with all of the companies up. This takes the industry's 12 month performance to a gain of 202%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Nigerian Basic Materials Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026₦35.5t₦6.8t₦1.8t19.5x19.3x5.2x
Tue, 07 Apr 2026₦28.2t₦6.6t₦1.6t13.5x17.3x4.3x
Thu, 05 Mar 2026₦24.4t₦6.6t₦1.6t13.5x14.9x3.7x
Sat, 31 Jan 2026₦19.4t₦6.3t₦1.5t11.1x12.8x3.1x
Mon, 29 Dec 2025₦18.3t₦6.3t₦1.5t10.7x12x2.9x
Wed, 26 Nov 2025₦16.8t₦6.3t₦1.5t9.4x11.1x2.7x
Fri, 24 Oct 2025₦19.3t₦6.0t₦1.3t13.2x14.9x3.2x
Sun, 21 Sep 2025₦15.8t₦5.9t₦1.2t10.5x12.7x2.7x
Tue, 19 Aug 2025₦17.6t₦5.9t₦1.2t11.7x14.1x3x
Thu, 17 Jul 2025₦12.4t₦5.6t₦872.8b12.2x14.2x2.2x
Sat, 14 Jun 2025₦11.8t₦5.6t₦872.8b12.4x13.5x2.1x
Mon, 12 May 2025₦11.5t₦5.6t₦872.8b12.4x13.2x2.1x
Wed, 09 Apr 2025₦12.0t₦5.2t₦672.2b16x17.8x2.3x
Fri, 07 Mar 2025₦12.4t₦4.7t₦594.1b17.8x20.9x2.7x
Sun, 02 Feb 2025₦10.9t₦4.6t₦565.8b15.9x19.3x2.4x
Tue, 31 Dec 2024₦12.3t₦4.6t₦565.8b17.8x21.7x2.7x
Thu, 28 Nov 2024₦12.2t₦4.6t₦565.8b17.8x21.5x2.7x
Sat, 26 Oct 2024₦12.3t₦4.4t₦540.0b17.6x22.9x2.8x
Mon, 23 Sep 2024₦13.4t₦4.1t₦543.6b19.4x24.6x3.2x
Wed, 21 Aug 2024₦13.4t₦4.1t₦543.6b19.4x24.6x3.2x
Fri, 19 Jul 2024₦16.4t₦3.6t₦550.6b24.5x29.9x4.6x
Sun, 16 Jun 2024₦16.4t₦3.6t₦550.6b24.5x29.8x4.6x
Tue, 14 May 2024₦16.4t₦3.6t₦550.6b24.5x29.8x4.6x
Thu, 11 Apr 2024₦16.9t₦3.1t₦565.8b25.8x29.9x5.5x
Sat, 09 Mar 2024₦16.8t₦3.1t₦565.8b25.8x29.7x5.5x
Mon, 05 Feb 2024₦19.7t₦2.8t₦588.4b29.2x33.5x7.1x
Wed, 03 Jan 2024₦9.3t₦2.8t₦588.4b12.3x15.8x3.3x
Fri, 01 Dec 2023₦9.4t₦2.8t₦588.4b12.3x15.9x3.4x
Sun, 29 Oct 2023₦9.3t₦2.7t₦592.3b12x15.7x3.4x
Tue, 26 Sep 2023₦9.4t₦2.5t₦535.6b14.8x17.5x3.7x
Thu, 24 Aug 2023₦9.8t₦2.5t₦535.6b16x18.2x3.8x
Sat, 22 Jul 2023₦9.8t₦2.4t₦525.9b15.6x18.5x4.1x
Mon, 19 Jun 2023₦8.2t₦2.4t₦525.9b12.6x15.5x3.5x
Wed, 17 May 2023₦8.0t₦2.4t₦525.9b12x15.2x3.4x
Price to Earnings Ratio

15.2x


Total Market Cap: ₦8.0tTotal Earnings: ₦525.9bTotal Revenue: ₦2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Basic Materials Industry Price to Earnings3Y Average 19.3x202420252026
Current Industry PE
    There are only 3 companies in the Nigerian Basic Materials industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Basic Materials industry have grown 48% 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 industry?

NG Market-0.33%
Materials5.39%
Basic Materials5.31%
Construction Materials5.31%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DANGCEM Dangote Cement₦1.09k12.2%
+₦2.0t		147.3%PE16.4x
BUACEMENT BUA Cement₦427.902.4%
+₦335.3b		411.2%PE32.1x

Latest News

DANGCEM
₦1,088.00
Dangote Cement
7D
12.2%
1Y
147.3%
Narrative Update • May 06

Dangote Cement Plc Delivers Record FY 2025 Profit Growth Driven by Revenue Expansion and Improved Cost Efficiency

Analyst: Qudus Adebara (Research Analyst) Executive Summary Dangote Cement Plc delivered a strong FY 2025 performance, supported by significant revenue growth, improved operating efficiency, and reduced finance costs. Group revenue increased by 20% YoY to ₦4.31 trillion , driven by improved pricing and resilient demand across key markets.
WAPCO
₦324.00
Lafarge Africa
7D
-7.4%
1Y
290.6%
Narrative Update • May 05

Lafarge Africa Plc Delivers Exceptional FY 2025 Earnings Growth Driven by Revenue Expansion, Margin Improvement and Strong Cash Generation

Analyst: Qudus Adebara (Research Analyst) Executive Summary Lafarge Africa Plc delivered an outstanding financial performance for the year ended 31 December 2025, supported by strong cement revenue growth, improved cost efficiency, foreign exchange gains, and significantly lower finance costs. Revenue increased by 53% YoY to ₦1.066 trillion , driven primarily by cement sales.
BUACEMENT
₦427.90
BUA Cement
7D
2.4%
1Y
411.2%
Narrative Update • May 05

BUACEMENT: Future Dividend Will Support Rich P/E Despite Softer Revenue Assumptions

Analysts have raised their price target on BUA Cement from NGN149.69 to NGN157.04, citing updated assumptions that include a slightly lower discount rate, more moderate revenue growth expectations, and a higher projected profit margin and P/E multiple. What's in the News Board meeting scheduled for February 26, 2026, to consider the audited financial statements for the year ended December 31, 2025 (company event filing).