Header cover image

Nigerian (NSE) Chemicals Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies5
  • 7D14.4%
  • 3M43.9%
  • 1Y154.4%
  • YTD68.9%

Over the last 7 days, the Chemicals industry has risen 6.6%, driven by gains from Chemical and Allied Products of 20%. In the same time, Meyer was down 9.9%. This takes the industry's 12 month performance to a gain of 145%.

Industry Valuation and Performance

Has the Nigerian Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026₦158.8b₦70.9b₦9.0b18.7x17.7x2.2x
Sat, 28 Mar 2026₦131.2b₦66.2b₦8.5b14.8x15.4x2x
Mon, 23 Feb 2026₦144.6b₦70.5b₦9.1b16.6x16x2.1x
Wed, 21 Jan 2026₦118.1b₦68.4b₦7.4b17.9x16.1x1.7x
Fri, 19 Dec 2025₦99.7b₦68.4b₦7.4b14x13.6x1.5x
Sun, 16 Nov 2025₦99.1b₦68.4b₦7.4b15.7x13.5x1.4x
Tue, 14 Oct 2025₦99.0b₦65.7b₦6.6b15.1x15.1x1.5x
Thu, 11 Sep 2025₦94.8b₦65.7b₦6.6b15.6x14.4x1.4x
Sat, 09 Aug 2025₦104.5b₦65.7b₦6.6b17.2x15.9x1.6x
Mon, 07 Jul 2025₦337.9b₦62.6b-₦185,507,570,000.0014.4x-1.8x5.4x
Wed, 04 Jun 2025₦317.4b₦62.1b-₦184,783,629,000.0010x-1.7x5.1x
Fri, 02 May 2025₦314.8b₦62.1b-₦184,783,629,000.009.6x-1.7x5.1x
Sun, 30 Mar 2025₦321.8b₦59.1b-₦184,615,688,000.009.9x-1.7x5.4x
Tue, 25 Feb 2025₦322.7b₦59.1b-₦184,615,688,000.0010x-1.7x5.5x
Thu, 23 Jan 2025₦71.6b₦53.2b₦6.1b11.9x11.8x1.3x
Sat, 21 Dec 2024₦62.4b₦53.2b₦6.1b10.5x10.3x1.2x
Mon, 18 Nov 2024₦62.2b₦53.2b₦6.1b10.5x10.3x1.2x
Wed, 16 Oct 2024₦59.2b₦48.7b₦5.6b11.7x10.5x1.2x
Fri, 13 Sep 2024₦58.5b₦48.7b₦5.6b9.5x10.4x1.2x
Sun, 11 Aug 2024₦49.2b₦48.7b₦5.6b9.2x8.7x1x
Tue, 09 Jul 2024₦46.3b₦45.7b₦5.8b10.8x8x1x
Thu, 06 Jun 2024₦46.0b₦45.7b₦5.8b10.8x7.9x1x
Sat, 04 May 2024₦142.9b₦67.2b-₦108,467,266,210.009.9x-1.3x2.1x
Mon, 01 Apr 2024₦37.2b₦40.2b₦4.3b8.6x8.7x0.9x
Wed, 28 Feb 2024₦37.3b₦40.2b₦4.3b9.5x8.7x0.9x
Fri, 26 Jan 2024₦132.2b₦43.0b-₦43,706,928,000.007.8x-3x3.1x
Sun, 24 Dec 2023₦127.3b₦43.0b-₦43,706,928,000.007x-2.9x3x
Tue, 21 Nov 2023₦126.4b₦43.0b-₦43,706,928,000.006.4x-2.9x2.9x
Thu, 19 Oct 2023₦127.2b₦41.6b-₦43,851,502,000.007.3x-2.9x3.1x
Sat, 16 Sep 2023₦127.2b₦41.6b-₦43,851,502,000.007.3x-2.9x3.1x
Mon, 14 Aug 2023₦125.9b₦41.6b-₦43,851,502,000.007.1x-2.9x3x
Wed, 12 Jul 2023₦128.6b₦52.0b-₦13,199,690,000.009.6x-9.7x2.5x
Fri, 09 Jun 2023₦126.1b₦64.3b-₦3,709,697,000.009.1x-34x2x
Sun, 07 May 2023₦125.2b₦64.3b-₦3,709,697,000.008.1x-33.7x1.9x
Price to Earnings Ratio

-33.7x


Total Market Cap: ₦125.2bTotal Earnings: -₦3,709,697,000.00Total Revenue: ₦64.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Chemicals Industry Price to Earnings3Y Average 4.3x202420252026
Current Industry PE
  • Investors are optimistic on the Nigerian Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.5x which is higher than its 3-year average PE of 4.2x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • Total earnings for the Chemicals industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Nigerian Materials industry?

NG Market8.41%
Materials17.95%
Chemicals14.36%
Specialty Chemicals20.00%
Industrial Gases10.00%
Commodity Chemicals3.66%
Fertilizers and Agricultural Chemicals0%0
Industry PE
  • Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 14.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Commodity Chemicals industry, which is trading close to its 3-year average of 14.5x.
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?

CompanyLast Price7D1YValuation
CAP Chemical and Allied Products₦132.0020.0%
+₦17.9b
230.0%PE18.7x
IMG Industrial and Medical Gases Nigeria₦39.6010.0%
+₦2.5b
27.4%PE27.2x
BERGER Berger Paints Nigeria₦74.358.8%
+₦1.7b
316.5%PE12.5x
UNIONDICON Union Dicon Salt₦21.909.8%
+₦533.0m
165.5%PE74.1x