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Nigerian (NSE) Chemicals Industry Analysis
UpdatedSep 17, 2025
DataAggregated Company Financials
Companies6
- 7D8.1%
- 3M45.9%
- 1Y71.5%
- YTD61.1%
Over the last 7 days, the Chemicals industry has risen 7.0%, driven by gains from Chemical and Allied Products of 9.2%. Meanwhile, Union Dicon Salt actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 72%.
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, 17 Sep 2025 | ₦101.6b | ₦65.7b | ₦6.6b | 16.1x | 15.5x | 1.5x |
| Fri, 15 Aug 2025 | ₦101.0b | ₦65.7b | ₦6.6b | 17.2x | 15.4x | 1.5x |
| Sun, 13 Jul 2025 | ₦97.5b | ₦61.9b | ₦5.7b | 18.4x | 17.1x | 1.6x |
| Tue, 10 Jun 2025 | ₦318.7b | ₦62.6b | -₦185,507,570,000.00 | 9.5x | -1.7x | 5.1x |
| Thu, 08 May 2025 | ₦315.2b | ₦62.1b | -₦184,783,629,000.00 | 9.4x | -1.7x | 5.1x |
| Sat, 05 Apr 2025 | ₦322.0b | ₦59.1b | -₦184,811,630,000.00 | 10.1x | -1.7x | 5.5x |
| Mon, 03 Mar 2025 | ₦322.5b | ₦59.1b | -₦184,615,688,000.00 | 10x | -1.7x | 5.5x |
| Wed, 29 Jan 2025 | ₦71.6b | ₦53.2b | ₦6.1b | 11.9x | 11.8x | 1.3x |
| Fri, 27 Dec 2024 | ₦62.4b | ₦53.2b | ₦6.1b | 10.5x | 10.3x | 1.2x |
| Sun, 24 Nov 2024 | ₦61.8b | ₦53.2b | ₦6.1b | 10.5x | 10.2x | 1.2x |
| Tue, 22 Oct 2024 | ₦59.2b | ₦48.7b | ₦5.6b | 11.7x | 10.5x | 1.2x |
| Thu, 19 Sep 2024 | ₦58.9b | ₦48.7b | ₦5.6b | 9.9x | 10.5x | 1.2x |
| Sat, 17 Aug 2024 | ₦47.7b | ₦48.7b | ₦5.6b | 8.8x | 8.5x | 1x |
| Mon, 15 Jul 2024 | ₦46.3b | ₦45.7b | ₦5.8b | 10.8x | 8x | 1x |
| Wed, 12 Jun 2024 | ₦46.0b | ₦45.7b | ₦5.8b | 10.8x | 7.9x | 1x |
| Fri, 10 May 2024 | ₦141.9b | ₦67.2b | -₦108,467,266,210.00 | 8.9x | -1.3x | 2.1x |
| Sun, 07 Apr 2024 | ₦37.6b | ₦40.2b | ₦4.3b | 9.3x | 8.8x | 0.9x |
| Tue, 05 Mar 2024 | ₦37.3b | ₦40.2b | ₦4.3b | 9.5x | 8.7x | 0.9x |
| Thu, 01 Feb 2024 | ₦37.0b | ₦39.5b | ₦4.3b | 9.5x | 8.6x | 0.9x |
| Sat, 30 Dec 2023 | ₦129.7b | ₦43.0b | -₦43,706,928,000.00 | 7.4x | -3x | 3x |
| Mon, 27 Nov 2023 | ₦126.4b | ₦43.0b | -₦43,706,928,000.00 | 6.4x | -2.9x | 2.9x |
| Wed, 25 Oct 2023 | ₦127.2b | ₦41.6b | -₦43,851,502,000.00 | 7.3x | -2.9x | 3.1x |
| Fri, 22 Sep 2023 | ₦127.2b | ₦41.6b | -₦43,851,502,000.00 | 7.3x | -2.9x | 3.1x |
| Sun, 20 Aug 2023 | ₦126.1b | ₦41.6b | -₦43,851,502,000.00 | 7.2x | -2.9x | 3x |
| Tue, 18 Jul 2023 | ₦128.8b | ₦52.0b | -₦13,199,690,000.00 | 9.8x | -9.8x | 2.5x |
| Thu, 15 Jun 2023 | ₦127.4b | ₦52.0b | -₦13,199,690,000.00 | 9.4x | -9.7x | 2.4x |
| Sat, 13 May 2023 | ₦125.6b | ₦64.3b | -₦3,709,697,000.00 | 8.1x | -33.8x | 2x |
| Mon, 10 Apr 2023 | ₦124.6b | ₦65.5b | -₦13,501,197,000.00 | 7x | -9.2x | 1.9x |
| Wed, 08 Mar 2023 | ₦126.8b | ₦65.5b | -₦13,501,197,000.00 | 7.9x | -9.4x | 1.9x |
| Fri, 03 Feb 2023 | ₦126.7b | ₦65.5b | -₦13,501,197,000.00 | 7.9x | -9.4x | 1.9x |
| Sun, 01 Jan 2023 | ₦124.3b | ₦52.4b | -₦597,438,000.00 | 9x | -208x | 2.4x |
| Tue, 29 Nov 2022 | ₦123.5b | ₦52.4b | -₦597,438,000.00 | 9x | -206.8x | 2.4x |
| Thu, 27 Oct 2022 | ₦124.1b | ₦48.3b | -₦1,101,152,000.00 | 13.8x | -112.7x | 2.6x |
| Sat, 24 Sep 2022 | ₦124.4b | ₦50.6b | -₦832,353,000.00 | 9.6x | -149.5x | 2.5x |
Price to Earnings Ratio
-149.5x
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 industry is trading at a PE ratio of 15.4x which is higher than its 3-year average PE of -23.0x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.5x.
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 9.1% 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 Market | 1.66% | |
| Materials | -0.078% | |
| Chemicals | 8.06% | |
| Industrial Gases | 9.91% | |
| Specialty Chemicals | 9.23% | |
| Commodity Chemicals | 3.85% | |
| Fertilizers and Agricultural 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 10.4x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Specialty Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.4x.
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 | ₦71.00 | 9.2% +₦4.9b | 102.9% | PE12.7x | |
| IMG Industrial and Medical Gases Nigeria | ₦36.60 | 9.9% +₦1.8b | 15.0% | PE36.4x | |
| BERGER Berger Paints Nigeria | ₦39.00 | 9.9% +₦1.0b | 62.8% | PE9.8x |