Over the last 7 days, the Chemicals industry has dropped 2.6%, driven by a decline by Linde of 3.5%. This takes the industry's 12 month performance to a gain of 20%.
Industry Valuation and Performance
Has the U.S. Chemicals Industry valuation changed over the past few years?
Sun, 28 Nov 2021
Tue, 26 Oct 2021
Thu, 23 Sep 2021
Sat, 21 Aug 2021
Sat, 05 Jun 2021
Tue, 09 Mar 2021
Mon, 30 Nov 2020
Thu, 03 Sep 2020
Sun, 07 Jun 2020
Sat, 29 Feb 2020
Tue, 03 Dec 2019
Fri, 06 Sep 2019
Mon, 10 Jun 2019
Sun, 03 Mar 2019
Wed, 05 Dec 2018
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 20.7x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 17% per year over the last three years, and revenues for these companies have grown 9.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the U.S. Chemicals industry?
Fertilizers and Agricultural Chemicals
Industry PE: Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 35.3x. However analysts are expecting annual earnings growth of 9.2%, which is lower than the prior year's growth of 33% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Commodity Chemicals industry, which is trading close to its 3-year average of 10.6x.
Forecasted Growth: Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 34% over the next 5 years. However this is lower than its past earnings growth rate of 191% per year. Meanwhile, the Commodity Chemicals industry is expected to see its earnings decline by 8.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?