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Belgian (BEL20) Market Analysis & Valuation

UpdatedMay 27, 2024
DataAggregated Company Financials
Companies169
  • 7D-1.4%
  • 3M4.0%
  • 1Y4.8%
  • YTD4.1%

Over the last 7 days, the market has dropped 1.4%, driven by a pullback of 2.6% in the Consumer Staples sector. As for the longer term, the market has actually risen by 4.8% in the last year. Earnings are forecast to grow by 17% annually.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Belgian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 May 2024€380.4b€232.6b€21.2b15.4x17.9x1.6x
Thu, 25 Apr 2024€368.1b€233.7b€22.0b15.5x16.7x1.6x
Sat, 23 Mar 2024€362.3b€237.6b€21.6b13.7x16.8x1.5x
Mon, 19 Feb 2024€362.5b€249.5b€23.7b13.5x15.3x1.5x
Wed, 17 Jan 2024€355.3b€248.3b€23.0b12.6x15.4x1.4x
Fri, 15 Dec 2023€358.2b€238.9b€21.4b13.1x16.7x1.5x
Sun, 12 Nov 2023€334.3b€238.1b€21.3b13.8x15.7x1.4x
Tue, 10 Oct 2023€329.2b€242.0b€21.7b12.5x15.2x1.4x
Thu, 07 Sep 2023€341.5b€238.7b€21.9b13x15.6x1.4x
Sat, 05 Aug 2023€345.1b€232.5b€22.5b12.8x15.3x1.5x
Mon, 03 Jul 2023€334.4b€234.9b€24.4b11.3x13.7x1.4x
Wed, 31 May 2023€334.8b€236.2b€24.6b11.5x13.6x1.4x
Fri, 28 Apr 2023€360.6b€232.3b€23.0b12.2x15.7x1.6x
Sun, 26 Mar 2023€333.4b€231.2b€21.4b15.2x15.6x1.4x
Tue, 21 Feb 2023€360.7b€231.9b€24.6b10.6x14.7x1.6x
Thu, 19 Jan 2023€356.5b€230.1b€24.9b10.4x14.3x1.5x
Sat, 17 Dec 2022€342.5b€231.4b€25.1b9.5x13.7x1.5x
Mon, 14 Nov 2022€336.8b€233.3b€25.5b9x13.2x1.4x
Wed, 12 Oct 2022€307.2b€233.3b€24.1b8.4x12.7x1.3x
Fri, 09 Sep 2022€328.0b€231.7b€24.4b9.1x13.4x1.4x
Sun, 07 Aug 2022€347.7b€230.8b€25.6b9.4x13.6x1.5x
Tue, 05 Jul 2022€340.0b€224.2b€25.8b9.7x13.2x1.5x
Thu, 02 Jun 2022€356.7b€220.9b€25.8b11.2x13.8x1.6x
Sat, 30 Apr 2022€381.4b€220.4b€26.6b13.1x14.3x1.7x
Mon, 28 Mar 2022€375.7b€216.8b€25.6b13.6x14.7x1.7x
Wed, 23 Feb 2022€367.5b€212.6b€24.8b14.2x14.8x1.7x
Fri, 21 Jan 2022€373.2b€211.4b€24.0b15x15.6x1.8x
Sun, 19 Dec 2021€364.7b€212.2b€24.0b15.4x15.2x1.7x
Tue, 16 Nov 2021€369.2b€210.9b€24.1b15.2x15.3x1.8x
Thu, 14 Oct 2021€364.7b€208.1b€24.6b14.4x14.8x1.8x
Sat, 11 Sep 2021€357.5b€207.2b€24.4b13.6x14.6x1.7x
Mon, 09 Aug 2021€362.8b€205.8b€24.1b14.3x15.1x1.8x
Price to Earnings Ratio

22x


Total Market Cap: €361.0bTotal Earnings: €16.4bTotal Revenue: €197.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Market Price to Earnings3Y Average 15x202220232024
Current Market PE
  • Investors are optimistic on the Belgian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 15.0x.
Past Earnings Growth
  • The earnings for Belgian listed companies have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 5.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Belgian Market?

BE Market-1.39%
Tech1.96%
Consumer Discretionary1.94%
Healthcare1.21%
Industrials0.63%
Telecom-0.29%
Financials-0.40%
Materials-1.47%
Real Estate-2.45%
Consumer Staples-2.56%
Utilities-8.27%
Energy-13.46%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 128x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 41.5%, which is higher than its past year's earnings growth of 1.3% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 1.3% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 57% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ARGX argenx€342.502.4%
+€469.5m
-8.8%PS15.2xHealthcare
COLR Colruyt Group€46.126.0%
+€331.1m
48.4%PE5.9xConsumer Staples
UCB UCB€128.151.1%
+€275.1m
55.1%PE70.9xHealthcare
DIE D'Ieteren Group€203.001.6%
+€164.1m
23.3%PE21.5xConsumer Discretionary
AGS ageas€48.181.4%
+€124.9m
18.6%PE9.3xFinancials
See more
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SYENS

€93.86

Syensqo

7D

-2.5%

1Y

n/a

EURN

€15.20

Euronav

7D

-21.0%

1Y

2.8%

KBC

€67.88

KBC Group

7D

-1.5%

1Y

11.3%

ABI

€59.88

Anheuser-Busch InBev

7D

-2.8%

1Y

13.1%

ARGX

€342.50

argenx

7D

2.4%

1Y

-8.8%

VGP

€105.80

VGP

7D

-4.7%

1Y

14.3%

DIE

€203.00

D'Ieteren Group

7D

1.6%

1Y

23.3%

DEME

€170.00

DEME Group

7D

2.4%

1Y

41.9%

UCB

€128.15

UCB

7D

1.1%

1Y

55.1%

WDP

€26.62

Warehouses De Pauw

7D

-2.4%

1Y

1.8%