What Is Arcadium Lithium plc's (NYSE:ALTM) Share Price Doing?
Jun 16
U.S. Materials Sector Analysis
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies434
- 7D-0.4%
- 3M-2.2%
- 1Y13.2%
- YTD4.6%
Over the last 7 days, the Materials industry has remained flat, although notably Freeport-McMoRan declined by 3.3%. As for the the longer term, the industry is up 13% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.
Sector Valuation and Performance
Has the U.S. Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | US$1.6t | US$871.2b | US$50.2b | 20.2x | 30.9x | 1.8x |
| Fri, 17 May 2024 | US$1.6t | US$871.5b | US$50.3b | 21.6x | 32.3x | 1.9x |
| Sun, 14 Apr 2024 | US$1.6t | US$879.9b | US$52.3b | 17x | 30.7x | 1.8x |
| Tue, 12 Mar 2024 | US$1.6t | US$880.5b | US$52.4b | 17.6x | 29.7x | 1.8x |
| Thu, 08 Feb 2024 | US$1.4t | US$875.5b | US$60.6b | 18.1x | 23.5x | 1.6x |
| Sat, 06 Jan 2024 | US$1.5t | US$906.1b | US$63.4b | 17.7x | 23.1x | 1.6x |
| Mon, 04 Dec 2023 | US$1.4t | US$911.1b | US$63.7b | 17.1x | 22.6x | 1.6x |
| Wed, 01 Nov 2023 | US$1.3t | US$914.7b | US$64.4b | 13.8x | 20.1x | 1.4x |
| Fri, 29 Sep 2023 | US$1.3t | US$894.2b | US$63.5b | 13.8x | 20.7x | 1.5x |
| Sun, 27 Aug 2023 | US$1.3t | US$887.3b | US$63.3b | 14.8x | 21.1x | 1.5x |
| Tue, 25 Jul 2023 | US$1.4t | US$933.8b | US$74.9b | 13.7x | 18.9x | 1.5x |
| Thu, 22 Jun 2023 | US$1.3t | US$937.2b | US$77.1b | 12.9x | 17.5x | 1.4x |
| Sat, 20 May 2023 | US$1.3t | US$934.7b | US$77.1b | 12.8x | 17.1x | 1.4x |
| Mon, 17 Apr 2023 | US$1.4t | US$952.6b | US$88.1b | 12.3x | 15.6x | 1.4x |
| Wed, 15 Mar 2023 | US$1.3t | US$952.6b | US$88.4b | 11.6x | 15x | 1.4x |
| Fri, 10 Feb 2023 | US$1.4t | US$956.5b | US$91.1b | 11.7x | 15.3x | 1.5x |
| Sun, 08 Jan 2023 | US$1.4t | US$967.4b | US$95.5b | 11.8x | 14.2x | 1.4x |
| Tue, 06 Dec 2022 | US$1.4t | US$965.0b | US$94.6b | 11.5x | 14.4x | 1.4x |
| Thu, 03 Nov 2022 | US$1.2t | US$961.2b | US$96.9b | 10.6x | 12.6x | 1.3x |
| Sat, 01 Oct 2022 | US$1.1t | US$954.6b | US$102.8b | 9.9x | 11.2x | 1.2x |
| Mon, 29 Aug 2022 | US$1.3t | US$954.5b | US$102.9b | 11.9x | 12.9x | 1.4x |
| Wed, 27 Jul 2022 | US$1.3t | US$920.1b | US$99.8b | 12.8x | 12.7x | 1.4x |
| Fri, 24 Jun 2022 | US$1.2t | US$895.8b | US$97.3b | 11.9x | 12.6x | 1.4x |
| Sun, 22 May 2022 | US$1.4t | US$895.0b | US$97.3b | 13x | 14.2x | 1.5x |
| Tue, 19 Apr 2022 | US$1.5t | US$841.4b | US$84.5b | 17.2x | 18x | 1.8x |
| Thu, 17 Mar 2022 | US$1.4t | US$849.7b | US$87.1b | 16.1x | 16.5x | 1.7x |
| Sat, 12 Feb 2022 | US$1.4t | US$824.8b | US$83.6b | 17.6x | 16.9x | 1.7x |
| Mon, 10 Jan 2022 | US$1.5t | US$800.6b | US$79.0b | 18.4x | 18.7x | 1.8x |
| Wed, 08 Dec 2021 | US$1.4t | US$796.1b | US$78.7b | 18.6x | 18.1x | 1.8x |
| Fri, 05 Nov 2021 | US$1.5t | US$790.5b | US$75.7b | 17.9x | 19.2x | 1.8x |
| Sun, 03 Oct 2021 | US$1.3t | US$726.6b | US$59.0b | 17.7x | 22.9x | 1.9x |
| Tue, 31 Aug 2021 | US$1.4t | US$724.0b | US$59.4b | 17.9x | 24x | 2x |
| Wed, 07 Jul 2021 | US$1.4t | US$717.3b | US$58.1b | 19.2x | 23.9x | 1.9x |
Price to Earnings Ratio
23.9x
Current Industry PE
- Investors are optimistic on the American Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.9x which is higher than its 3-year average PE of 21.6x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 4.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.7% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Materials sector?
| US Market | 1.63% | |
| Materials | -0.36% | |
| Basic Materials | 1.89% | |
| Chemicals | -0.40% | |
| Metals and Mining | -0.61% | |
| Packaging | -1.33% | |
| Paper and Forestry Products | -2.50% | |
Industry PE
- Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 12.7x.
- Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings decline of 45.6% per year.
- Investors are most pessimistic about the Basic Materials industry, which is trading below its 3-year average of 25.9x.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 6.3% 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$440.02 | 1.0% +US$2.2b | 19.4% | PE33.5x | |
| VMC Vulcan Materials | US$255.61 | 4.5% +US$1.5b | 22.5% | PE36.5x | |
| NEM Newmont | US$41.79 | 2.8% +US$1.3b | -3.0% | PS3.7x | |
| SHW Sherwin-Williams | US$300.19 | 1.4% +US$1.1b | 20.9% | PE31.5x | |
| ESI Element Solutions | US$27.85 | 17.4% +US$997.3m | 47.5% | PE52.2x |