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Nigerian (NSE) Chemicals Industry Analysis
UpdatedJun 20, 2025
DataAggregated Company Financials
Companies7
- 7D0.7%
- 3M-0.07%
- 1Y8.5%
- YTD2.1%
Over the last 7 days, the Chemicals industry has remained flat, although notably Industrial and Medical Gases Nigeria gained 6.1%. The past year has been better, since the industry has gained 8.5% in that time.
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 |
|---|---|---|---|---|---|---|
| Fri, 20 Jun 2025 | ₦323.4b | ₦62.6b | -₦185,507,570,000.00 | 10.1x | -1.7x | 5.2x |
| Sun, 18 May 2025 | ₦319.3b | ₦62.1b | -₦184,783,629,000.00 | 9.8x | -1.7x | 5.1x |
| Tue, 15 Apr 2025 | ₦318.1b | ₦59.4b | -₦184,981,728,000.00 | 10.3x | -1.7x | 5.4x |
| Thu, 13 Mar 2025 | ₦321.8b | ₦59.1b | -₦184,615,688,000.00 | 9.9x | -1.7x | 5.4x |
| Sat, 08 Feb 2025 | ₦323.1b | ₦59.1b | -₦184,615,688,000.00 | 10x | -1.8x | 5.5x |
| Mon, 06 Jan 2025 | ₦63.5b | ₦53.2b | ₦6.1b | 11.6x | 10.5x | 1.2x |
| Wed, 04 Dec 2024 | ₦61.8b | ₦53.2b | ₦6.1b | 10.5x | 10.2x | 1.2x |
| Fri, 01 Nov 2024 | ₦62.0b | ₦53.0b | ₦6.0b | 11.7x | 10.4x | 1.2x |
| Sun, 29 Sep 2024 | ₦59.4b | ₦48.7b | ₦5.6b | 11x | 10.6x | 1.2x |
| Tue, 27 Aug 2024 | ₦49.1b | ₦48.7b | ₦5.6b | 8.9x | 8.7x | 1x |
| Thu, 25 Jul 2024 | ₦46.2b | ₦47.0b | ₦5.4b | 10.8x | 8.5x | 1x |
| Sat, 22 Jun 2024 | ₦45.7b | ₦45.7b | ₦5.8b | 10.8x | 7.9x | 1x |
| Mon, 20 May 2024 | ₦143.5b | ₦67.2b | -₦108,467,266,210.00 | 8.9x | -1.3x | 2.1x |
| Wed, 17 Apr 2024 | ₦138.3b | ₦61.8b | -₦109,933,649,000.00 | 9.3x | -1.3x | 2.2x |
| Fri, 15 Mar 2024 | ₦37.3b | ₦40.2b | ₦4.3b | 9.5x | 8.7x | 0.9x |
| Sun, 11 Feb 2024 | ₦38.0b | ₦40.2b | ₦4.3b | 9.5x | 8.9x | 0.9x |
| Tue, 09 Jan 2024 | ₦129.6b | ₦43.0b | -₦43,706,928,000.00 | 7.4x | -3x | 3x |
| Thu, 07 Dec 2023 | ₦126.6b | ₦43.0b | -₦43,706,928,000.00 | 6.4x | -2.9x | 2.9x |
| Sat, 04 Nov 2023 | ₦126.1b | ₦42.8b | -₦43,924,425,000.00 | 7.3x | -2.9x | 2.9x |
| Mon, 02 Oct 2023 | ₦127.2b | ₦41.6b | -₦43,851,502,000.00 | 7.3x | -2.9x | 3.1x |
| Wed, 30 Aug 2023 | ₦126.9b | ₦41.6b | -₦43,851,502,000.00 | 7.3x | -2.9x | 3x |
| Fri, 28 Jul 2023 | ₦130.2b | ₦52.0b | -₦13,199,690,000.00 | 9.8x | -9.9x | 2.5x |
| Sun, 25 Jun 2023 | ₦127.3b | ₦52.0b | -₦13,199,690,000.00 | 9.4x | -9.6x | 2.4x |
| Tue, 23 May 2023 | ₦126.6b | ₦64.3b | -₦3,709,697,000.00 | 8.1x | -34.1x | 2x |
| Thu, 20 Apr 2023 | ₦124.7b | ₦64.6b | -₦3,729,769,000.00 | 7x | -33.4x | 1.9x |
| Sat, 18 Mar 2023 | ₦125.6b | ₦65.5b | -₦13,501,197,000.00 | 7.5x | -9.3x | 1.9x |
| Mon, 13 Feb 2023 | ₦126.8b | ₦65.5b | -₦13,501,197,000.00 | 7.9x | -9.4x | 1.9x |
| Wed, 11 Jan 2023 | ₦124.3b | ₦52.4b | -₦661,237,000.00 | 9x | -187.9x | 2.4x |
| Fri, 09 Dec 2022 | ₦123.5b | ₦52.4b | -₦597,438,000.00 | 9x | -206.8x | 2.4x |
| Sun, 06 Nov 2022 | ₦123.4b | ₦49.6b | -₦796,201,000.00 | 8.8x | -155x | 2.5x |
| Tue, 04 Oct 2022 | ₦124.2b | ₦50.6b | -₦832,353,000.00 | 9.6x | -149.2x | 2.5x |
| Thu, 01 Sep 2022 | ₦123.0b | ₦50.6b | -₦832,353,000.00 | 9.7x | -147.7x | 2.4x |
| Sat, 30 Jul 2022 | ₦124.1b | ₦50.0b | -₦851,175,000.00 | 10.2x | -145.8x | 2.5x |
| Mon, 27 Jun 2022 | ₦125.3b | ₦49.5b | -₦872,225,000.00 | 10.9x | -143.7x | 2.5x |
Price to Earnings Ratio
-143.7x
Current Industry PE
- Investors are optimistic on the Nigerian Chemicals industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 5.2x.
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 8.2% 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 | 2.19% | |
| Materials | 2.17% | |
| Chemicals | 0.67% | |
| Commodity Chemicals | 6.40% | |
| Industrial Gases | 6.08% | |
| Fertilizers and Agricultural Chemicals | 0% | 0 |
| Specialty Chemicals | 0% | 0 |
Industry PE
- Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 8.7x.
- 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 | |
|---|---|---|---|---|---|
| IMG Industrial and Medical Gases Nigeria | ₦34.90 | 6.1% +₦1.2b | 219.9% | PE23.5x | |
| BERGER Berger Paints Nigeria | ₦27.00 | 8.9% +₦637.6m | 80.0% | PE10x | |
| MEYER Meyer | ₦9.05 | 7.1% +₦298.6m | 70.8% | PE10.2x |