Nigerian (NSE) Chemicals Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies7
- 7D1.2%
- 3M2.2%
- 1Y10.2%
- YTD4.5%
Over the last 7 days, the Chemicals industry has remained flat, although notably Berger Paints Nigeria declined by 11%. As for the the longer term, the industry is up 9.4% over the past 12 months.
Industry Valuation and Performance
Has the Nigerian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | ₦139.6b | ₦61.7b | -₦110,073,966,000.00 | 9.9x | -1.3x | 2.3x |
| Fri, 22 Mar 2024 | ₦36.8b | ₦40.2b | ₦4.3b | 8.6x | 8.6x | 0.9x |
| Sun, 18 Feb 2024 | ₦37.3b | ₦40.2b | ₦4.3b | 9.5x | 8.7x | 0.9x |
| Tue, 16 Jan 2024 | ₦132.1b | ₦43.0b | -₦43,706,928,000.00 | 7.9x | -3x | 3.1x |
| Thu, 14 Dec 2023 | ₦126.5b | ₦43.0b | -₦43,706,928,000.00 | 6.4x | -2.9x | 2.9x |
| Sat, 11 Nov 2023 | ₦126.1b | ₦43.0b | -₦43,706,928,000.00 | 6.4x | -2.9x | 2.9x |
| Mon, 09 Oct 2023 | ₦126.3b | ₦41.6b | -₦43,851,502,000.00 | 7.2x | -2.9x | 3x |
| Wed, 06 Sep 2023 | ₦126.5b | ₦41.6b | -₦43,851,502,000.00 | 7.2x | -2.9x | 3x |
| Fri, 04 Aug 2023 | ₦128.0b | ₦41.3b | -₦43,907,768,000.00 | 8.2x | -2.9x | 3.1x |
| Sun, 02 Jul 2023 | ₦128.8b | ₦52.0b | -₦13,199,690,000.00 | 9.6x | -9.8x | 2.5x |
| Tue, 30 May 2023 | ₦127.2b | ₦64.3b | -₦3,709,697,000.00 | 8.4x | -34.3x | 2x |
| Thu, 27 Apr 2023 | ₦125.4b | ₦64.6b | -₦3,747,552,000.00 | 7.2x | -33.5x | 1.9x |
| Sat, 25 Mar 2023 | ₦125.5b | ₦65.5b | -₦13,501,197,000.00 | 7.4x | -9.3x | 1.9x |
| Mon, 20 Feb 2023 | ₦126.8b | ₦65.5b | -₦13,501,197,000.00 | 7.9x | -9.4x | 1.9x |
| Wed, 18 Jan 2023 | ₦124.4b | ₦52.4b | -₦661,237,000.00 | 9x | -188.2x | 2.4x |
| Fri, 16 Dec 2022 | ₦124.3b | ₦52.4b | -₦597,438,000.00 | 9x | -208x | 2.4x |
| Sun, 13 Nov 2022 | ₦123.5b | ₦49.2b | -₦807,456,000.00 | 9.5x | -152.9x | 2.5x |
| Tue, 11 Oct 2022 | ₦124.2b | ₦50.6b | -₦832,353,000.00 | 9.6x | -149.2x | 2.5x |
| Thu, 08 Sep 2022 | ₦124.0b | ₦50.6b | -₦832,353,000.00 | 10x | -148.9x | 2.4x |
| Sat, 06 Aug 2022 | ₦124.2b | ₦50.6b | -₦832,353,000.00 | 10.2x | -149.2x | 2.5x |
| Mon, 04 Jul 2022 | ₦125.3b | ₦49.5b | -₦872,225,000.00 | 10.9x | -143.7x | 2.5x |
| Wed, 01 Jun 2022 | ₦125.8b | ₦49.5b | -₦907,446,000.00 | 11.4x | -138.6x | 2.5x |
| Fri, 29 Apr 2022 | ₦125.3b | ₦46.9b | -₦1,235,362,000.00 | 13.8x | -101.4x | 2.7x |
| Sun, 27 Mar 2022 | ₦122.4b | ₦47.2b | -₦12,158,706,000.00 | 10.4x | -10.1x | 2.6x |
| Tue, 22 Feb 2022 | ₦122.5b | ₦47.2b | -₦12,158,706,000.00 | 10.9x | -10.1x | 2.6x |
| Thu, 20 Jan 2022 | ₦122.7b | ₦38.4b | -₦17,487,272,000.00 | 11.1x | -7x | 3.2x |
| Sat, 18 Dec 2021 | ₦121.7b | ₦38.4b | -₦17,487,272,000.00 | 11.3x | -7x | 3.2x |
| Mon, 15 Nov 2021 | ₦125.2b | ₦40.2b | -₦17,738,256,000.00 | 11.9x | -7.1x | 3.1x |
| Wed, 13 Oct 2021 | ₦125.4b | ₦32.2b | -₦11,582,963,000.00 | 13.5x | -10.8x | 3.9x |
| Fri, 10 Sep 2021 | ₦124.1b | ₦32.2b | -₦11,582,963,000.00 | 12.9x | -10.7x | 3.9x |
| Sun, 08 Aug 2021 | ₦123.9b | ₦32.2b | -₦11,582,963,000.00 | 12.2x | -10.7x | 3.8x |
| Sat, 01 May 2021 | ₦126.3b | ₦29.4b | -₦7,486,932,000.00 | 15.6x | -16.9x | 4.3x |
Price to Earnings Ratio
-16.9x
Current Industry PE
- Investors are pessimistic on the Nigerian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 28% 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 caused losses to expand.
Industry Trends
Which industries have driven the changes within the Nigerian Materials industry?
| NG Market | -0.51% | |
| Materials | 0.30% | |
| Chemicals | 1.16% | |
| Specialty Chemicals | 9.38% | |
| Diversified Chemicals | 0% | |
| Fertilizers and Agricultural Chemicals | 0% | |
| Industrial Gases | 0% | |
| Commodity Chemicals | -2.13% | |
Industry PE
- Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 14.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CAP Chemical and Allied Products | ₦26.25 | 9.4% +₦1.8b | 41.9% | PE8.5x |