Narrative Update • Jun 13
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- 7D3.7%
- 3M2.6%
- 1Y8.2%
- YTD15.8%
In the last week, the Chemicals industry is up 3.7%, with Linde up 4.3%. Meanwhile, PureCycle Technologies actually underperformed within the industry, shrinking 26% in the last week. This means that the industry has gained 8.2% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the U.S. Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Jun 2026 | US$838.6b | US$360.7b | US$11.6b | 28.9x | 72.1x | 2.3x |
| Thu, 14 May 2026 | US$847.6b | US$359.7b | US$11.4b | 23.9x | 74.3x | 2.4x |
| Sat, 11 Apr 2026 | US$843.6b | US$357.1b | US$7.3b | 29.4x | 115.1x | 2.4x |
| Mon, 09 Mar 2026 | US$804.0b | US$357.1b | US$7.6b | 24.3x | 105.6x | 2.3x |
| Wed, 04 Feb 2026 | US$791.7b | US$371.4b | US$9.7b | 24.3x | 81.7x | 2.1x |
| Fri, 02 Jan 2026 | US$722.0b | US$371.7b | US$11.0b | 23.6x | 65.6x | 1.9x |
| Sun, 30 Nov 2025 | US$725.4b | US$371.7b | US$11.0b | 23x | 66.1x | 2x |
| Tue, 28 Oct 2025 | US$757.1b | US$370.7b | US$15.9b | 25.8x | 47.5x | 2x |
| Thu, 25 Sep 2025 | US$771.1b | US$367.7b | US$15.5b | 26.1x | 49.6x | 2.1x |
| Sat, 23 Aug 2025 | US$792.9b | US$367.6b | US$15.5b | 26.9x | 51x | 2.2x |
| Mon, 21 Jul 2025 | US$792.2b | US$376.6b | US$18.0b | 22.7x | 44.1x | 2.1x |
| Wed, 18 Jun 2025 | US$776.6b | US$378.4b | US$18.1b | 21.5x | 42.8x | 2.1x |
| Fri, 16 May 2025 | US$757.6b | US$378.5b | US$17.2b | 21.9x | 44.1x | 2x |
| Sun, 13 Apr 2025 | US$720.3b | US$380.8b | US$23.0b | 18.2x | 31.3x | 1.9x |
| Tue, 11 Mar 2025 | US$809.2b | US$379.3b | US$22.8b | 21.4x | 35.4x | 2.1x |
| Thu, 06 Feb 2025 | US$829.1b | US$382.2b | US$22.3b | 21.7x | 37.2x | 2.2x |
| Sat, 04 Jan 2025 | US$770.4b | US$384.3b | US$23.4b | 19.9x | 32.9x | 2x |
| Mon, 02 Dec 2024 | US$869.3b | US$384.3b | US$23.4b | 23x | 37.1x | 2.3x |
| Wed, 30 Oct 2024 | US$878.4b | US$386.3b | US$24.6b | 25.5x | 35.7x | 2.3x |
| Fri, 27 Sep 2024 | US$877.6b | US$383.8b | US$23.5b | 26x | 37.4x | 2.3x |
| Sun, 25 Aug 2024 | US$857.5b | US$383.8b | US$23.4b | 25.6x | 36.6x | 2.2x |
| Tue, 23 Jul 2024 | US$823.1b | US$379.8b | US$23.5b | 27.7x | 35.1x | 2.2x |
| Thu, 20 Jun 2024 | US$813.3b | US$377.3b | US$23.4b | 26x | 34.7x | 2.2x |
| Sat, 18 May 2024 | US$826.8b | US$377.3b | US$23.5b | 26.3x | 35.2x | 2.2x |
| Mon, 15 Apr 2024 | US$813.6b | US$384.6b | US$25.6b | 21.1x | 31.8x | 2.1x |
| Wed, 13 Mar 2024 | US$840.8b | US$384.5b | US$25.4b | 21.1x | 33.1x | 2.2x |
| Fri, 09 Feb 2024 | US$772.6b | US$388.5b | US$31.5b | 19.4x | 24.5x | 2x |
| Sun, 07 Jan 2024 | US$803.3b | US$398.8b | US$31.9b | 20.8x | 25.2x | 2x |
| Tue, 05 Dec 2023 | US$778.1b | US$398.4b | US$31.6b | 19.7x | 24.6x | 2x |
| Thu, 02 Nov 2023 | US$717.0b | US$403.9b | US$30.4b | 15.1x | 23.6x | 1.8x |
| Sat, 30 Sep 2023 | US$752.3b | US$411.9b | US$31.2b | 15.8x | 24.1x | 1.8x |
| Mon, 28 Aug 2023 | US$775.0b | US$412.0b | US$31.2b | 15.2x | 24.8x | 1.9x |
| Wed, 26 Jul 2023 | US$839.4b | US$440.6b | US$38.2b | 14.3x | 22x | 1.9x |
| Fri, 23 Jun 2023 | US$793.0b | US$444.6b | US$39.1b | 12.9x | 20.3x | 1.8x |
Price to Earnings Ratio
20.3x
Current Industry PE
- Investors are optimistic on the American Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 72.1x which is higher than its 3-year average PE of 49.5x.
- The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 33% per year over the last three years,
- Revenues have also declined 6.7% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Materials industry?
| US Market | 0.50% | |
| Materials | 4.41% | |
| Chemicals | 3.71% | |
| Diversified Chemicals | 7.12% | |
| Specialty Chemicals | 5.88% | |
| Industrial Gases | 2.81% | |
| Fertilizers and Agricultural Chemicals | 0.67% | |
| Commodity Chemicals | 0.43% | |
Industry PE
- Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 26.9x.
- Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 77% over the next 5 years.
- In contrast, the Industrial Gases industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIN Linde | US$523.57 | 4.3% +US$10.0b | 12.2% | PE34.2x | |
| SHW Sherwin-Williams | US$317.30 | 5.9% +US$4.4b | -5.5% | PE29.9x | |
| SQM Sociedad Química y Minera de Chile | US$84.12 | 15.6% +US$3.2b | 153.8% | PE29.5x | |
| ALB Albemarle | US$170.42 | 13.7% +US$2.4b | 179.6% | PS3.7x | |
| ECL Ecolab | US$265.41 | 3.1% +US$2.3b | -0.3% | PE35.5x |
