Nigerian (NSE) Materials Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies14
- 7D-0.1%
- 3M-4.4%
- 1Y43.0%
- YTD14.4%
Over the last 7 days, the Materials industry has remained flat, although notably Berger Paints Nigeria gained 10.0%. As for the the longer term, the industry is up 43% over the past 12 months. As for the next few years, earnings are expected to grow by 18% per annum.
Sector Valuation and Performance
Has the Nigerian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | ₦9.4t | ₦2.8t | ₦554.1b | 8.3x | 17x | 3.3x |
| Wed, 27 Sep 2023 | ₦9.5t | ₦2.6t | ₦497.5b | 8.4x | 19.1x | 3.6x |
| Fri, 25 Aug 2023 | ₦9.9t | ₦2.6t | ₦497.5b | 7.3x | 20x | 3.8x |
| Sun, 23 Jul 2023 | ₦9.9t | ₦2.5t | ₦518.5b | 9x | 19.1x | 4x |
| Tue, 20 Jun 2023 | ₦8.3t | ₦2.5t | ₦518.5b | 9.1x | 16x | 3.4x |
| Thu, 18 May 2023 | ₦8.2t | ₦2.5t | ₦528.0b | 8x | 15.4x | 3.3x |
| Sat, 15 Apr 2023 | ₦8.4t | ₦2.5t | ₦522.9b | 7.1x | 16.1x | 3.4x |
| Mon, 13 Mar 2023 | ₦8.8t | ₦2.5t | ₦522.5b | 7.9x | 16.9x | 3.6x |
| Wed, 08 Feb 2023 | ₦8.4t | ₦2.3t | ₦440.1b | 8.3x | 19.2x | 3.6x |
| Fri, 06 Jan 2023 | ₦8.2t | ₦2.3t | ₦452.6b | 9.3x | 18.1x | 3.5x |
| Sun, 04 Dec 2022 | ₦7.5t | ₦2.3t | ₦452.7b | 9.3x | 16.7x | 3.2x |
| Tue, 01 Nov 2022 | ₦6.6t | ₦2.3t | ₦452.5b | 10.7x | 14.6x | 2.8x |
| Thu, 29 Sep 2022 | ₦6.4t | ₦2.3t | ₦513.8b | 9.7x | 12.5x | 2.9x |
| Sat, 27 Aug 2022 | ₦6.4t | ₦2.2t | ₦496.8b | 9.9x | 13x | 2.9x |
| Mon, 25 Jul 2022 | ₦7.4t | ₦2.1t | ₦523.7b | 11.4x | 14.1x | 3.5x |
| Wed, 22 Jun 2022 | ₦7.3t | ₦2.1t | ₦523.7b | 11.5x | 14x | 3.4x |
| Fri, 20 May 2022 | ₦8.2t | ₦2.1t | ₦531.6b | 11.4x | 15.4x | 3.8x |
| Sun, 17 Apr 2022 | ₦7.7t | ₦2.0t | ₦506.4b | 13.9x | 15.2x | 3.8x |
| Tue, 15 Mar 2022 | ₦7.6t | ₦2.0t | ₦496.8b | 12.2x | 15.3x | 3.8x |
| Thu, 10 Feb 2022 | ₦7.6t | ₦1.9t | ₦467.4b | 12.7x | 16.4x | 4x |
| Sat, 08 Jan 2022 | ₦7.1t | ₦1.9t | ₦457.5b | 11.1x | 15.6x | 3.8x |
| Mon, 06 Dec 2021 | ₦7.8t | ₦1.9t | ₦457.5b | 11.1x | 17.1x | 4.2x |
| Wed, 03 Nov 2021 | ₦7.9t | ₦1.9t | ₦457.8b | 10.6x | 17.2x | 4.2x |
| Fri, 01 Oct 2021 | ₦7.5t | ₦1.8t | ₦449.3b | 11.9x | 16.7x | 4.2x |
| Sun, 29 Aug 2021 | ₦7.1t | ₦1.8t | ₦449.3b | 11x | 15.7x | 3.9x |
| Mon, 05 Jul 2021 | ₦6.7t | ₦1.8t | ₦449.3b | 10.2x | 14.9x | 3.7x |
| Thu, 08 Apr 2021 | ₦6.7t | ₦1.6t | ₦405.5b | 11.6x | 16.4x | 4.1x |
| Sun, 10 Jan 2021 | ₦7.3t | ₦1.5t | ₦373.0b | 11.7x | 19.5x | 4.7x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are relatively neutral on the Nigerian Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 16.4x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Materials industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 25% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Materials sector?
| NG Market | 0.20% | |
| Materials | -0.13% | |
| Paper and Forestry Products | 11.02% | |
| Metals and Mining | 8.80% | |
| Packaging | 0% | |
| Basic Materials | -0.13% | |
| Chemicals | -0.64% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 4.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 4.4% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| DANGCEM Dangote Cement | ₦328.00 | 5.8% +₦302.0b | 48.8% | PE12.7x | |
| BERGER Berger Paints Nigeria | ₦13.20 | 10.0% +₦347.8m | 131.6% | PE8.7x | |
| MULTIVERSE Multiverse Mining and Exploration | ₦3.20 | 19.9% +₦225.9m | -30.7% | PE5.8x | |
| THOMASWY Thomas Wyatt Nigeria | ₦4.03 | 1.0% +₦8.8m | 1,051.4% | PE256.9x |