Are Investors Undervaluing UCB SA (EBR:UCB) By 48%?
Jun 02
Belgian (BEL20) Market Analysis & Valuation
UpdatedJun 08, 2023
DataAggregated Company Financials
Companies142
- 7D2.6%
- 3M-4.6%
- 1Y-4.7%
- YTD-1.7%
The market has climbed 2.6% in the last 7 days, lead by the Consumer Staples sector with a gain of 3.7%. In contrast, the market has seen a decline of 4.7% over the last 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Market Valuation and Performance
Has the Belgian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Jun 2023 | €342.3b | €239.6b | €24.9b | 11.6x | 13.7x | 1.4x |
| Sat, 06 May 2023 | €362.4b | €236.9b | €24.6b | 11.6x | 14.7x | 1.5x |
| Mon, 03 Apr 2023 | €366.5b | €237.4b | €24.1b | 10.8x | 15.2x | 1.5x |
| Wed, 01 Mar 2023 | €365.5b | €233.2b | €23.5b | 11.3x | 15.6x | 1.6x |
| Fri, 27 Jan 2023 | €352.5b | €230.0b | €24.9b | 10.2x | 14.2x | 1.5x |
| Sun, 25 Dec 2022 | €346.6b | €231.3b | €25.1b | 9.8x | 13.8x | 1.5x |
| Tue, 22 Nov 2022 | €337.9b | €233.4b | €25.5b | 9.5x | 13.3x | 1.4x |
| Thu, 20 Oct 2022 | €312.7b | €232.9b | €24.1b | 8.4x | 13x | 1.3x |
| Sat, 17 Sep 2022 | €329.3b | €231.8b | €24.6b | 9.2x | 13.4x | 1.4x |
| Mon, 15 Aug 2022 | €355.2b | €231.0b | €25.7b | 9.8x | 13.8x | 1.5x |
| Wed, 13 Jul 2022 | €347.0b | €226.2b | €26.0b | 9.7x | 13.4x | 1.5x |
| Fri, 10 Jun 2022 | €354.6b | €220.9b | €25.7b | 11x | 13.8x | 1.6x |
| Sun, 08 May 2022 | €369.2b | €221.7b | €26.0b | 12.3x | 14.2x | 1.7x |
| Tue, 05 Apr 2022 | €386.0b | €217.7b | €26.3b | 13.7x | 14.7x | 1.8x |
| Thu, 03 Mar 2022 | €362.6b | €217.0b | €26.0b | 13.2x | 14x | 1.7x |
| Sat, 29 Jan 2022 | €375.2b | €212.2b | €24.0b | 14.7x | 15.6x | 1.8x |
| Mon, 27 Dec 2021 | €368.8b | €211.9b | €24.0b | 15x | 15.4x | 1.7x |
| Wed, 24 Nov 2021 | €359.1b | €212.3b | €24.1b | 15.2x | 14.9x | 1.7x |
| Fri, 22 Oct 2021 | €373.7b | €207.8b | €24.5b | 14.6x | 15.2x | 1.8x |
| Sun, 19 Sep 2021 | €363.6b | €204.8b | €24.4b | 14.1x | 14.9x | 1.8x |
| Tue, 17 Aug 2021 | €364.9b | €205.8b | €24.1b | 14.4x | 15.1x | 1.8x |
| Tue, 01 Jun 2021 | €361.0b | €197.9b | €16.4b | 15.5x | 22x | 1.8x |
| Fri, 05 Mar 2021 | €321.0b | €188.5b | €10.5b | 17x | 30.5x | 1.7x |
| Mon, 07 Dec 2020 | €321.8b | €191.7b | €8.0b | 17x | 40.4x | 1.7x |
| Thu, 10 Sep 2020 | €292.9b | €194.2b | €8.7b | 15.1x | 33.7x | 1.5x |
Price to Earnings Ratio
32.7x
Current Market PE
- Investors are pessimistic on the Belgian market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 19.9x.
Past Earnings Growth
- The earnings for Belgian listed companies have grown 42% per year over the last three years.
- Revenues for these companies have grown 7.3% 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 | 2.65% | |
| Materials | 5.11% | |
| Utilities | 3.89% | |
| Consumer Staples | 3.70% | |
| Real Estate | 3.23% | |
| Consumer Discretionary | 3.21% | |
| Tech | 2.72% | |
| Healthcare | 1.88% | |
| Telecom | 1.76% | |
| Financials | 1.22% | |
| Industrials | 0.70% | |
| Energy | -0.73% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 97.5%, which is higher than its past year's earnings growth of 20.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 98% over the next 5 years.
- This is better than its past earnings growth rate of 21% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 9.0% 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 | Sector | |
|---|---|---|---|---|---|---|
| ABI Anheuser-Busch InBev | €50.86 | 1.1% +€1.1b | 0.1% | PE14.5x | Consumer Staples | |
| UCB UCB | €85.66 | 6.0% +€917.6m | 3.1% | PE38.7x | Healthcare | |
| SOLB Solvay | €106.50 | 7.6% +€783.5m | 15.1% | PE6.1x | Materials | |
| LOTB Lotus Bakeries | €6.77k | 13.0% +€632.5m | 43.0% | PE53.2x | Consumer Staples | |
| KBC KBC Group | €62.88 | 2.2% +€575.7m | 9.3% | PB1.1x | Financials |
Market Insights
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