Elia Group (EBR:ELI) Is Increasing Its Dividend To €1.23
The board of Elia Group SA/NV ( EBR:ELI ) has announced that it will be increasing its dividend on the 1st of June to...
Belgian (BEL20) Market Analysis & Valuation
UpdatedMay 23, 2022
DataAggregated Company Financials
Companies130
- 7D-1.5%
- 3M-2.6%
- 1Y-4.5%
- YTD-8.3%
Over the last 7 days, the market has dropped 1.5%, driven by a pullback of 4.2% in the Consumer Staples sector. Meanwhile, the Utilities sector has outperformed, gaining 4.5% in that time. As for last year, the market is also down 4.5%. 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 |
|---|---|---|---|---|
| Mon, 23 May 2022 | €359.5b | €220.9b | €25.7b | 11.7x |
| Wed, 20 Apr 2022 | €385.0b | €219.0b | €26.4b | 13.6x |
| Fri, 18 Mar 2022 | €374.9b | €213.8b | €26.1b | 13.3x |
| Sun, 13 Feb 2022 | €376.6b | €211.5b | €24.4b | 15.1x |
| Tue, 11 Jan 2022 | €373.1b | €211.5b | €24.0b | 15.2x |
| Thu, 09 Dec 2021 | €361.7b | €212.0b | €24.1b | 15.4x |
| Sat, 06 Nov 2021 | €375.5b | €209.9b | €24.0b | 15.1x |
| Mon, 04 Oct 2021 | €362.7b | €207.6b | €24.5b | 14.1x |
| Wed, 01 Sep 2021 | €365.3b | €205.8b | €24.1b | 14.6x |
| Thu, 08 Jul 2021 | €363.4b | €205.8b | €24.1b | 14x |
| Wed, 31 Mar 2021 | €339.5b | €197.9b | €16.4b | 15.6x |
| Sat, 02 Jan 2021 | €325.6b | €188.5b | €10.5b | 17x |
| Tue, 06 Oct 2020 | €286.8b | €191.7b | €8.0b | 15.6x |
| Fri, 10 Jul 2020 | €284.0b | €194.2b | €8.7b | 14.8x |
| Thu, 02 Apr 2020 | €262.1b | €200.3b | €15.3b | 15.4x |
| Sun, 05 Jan 2020 | €364.2b | €204.5b | €21.7b | 17.1x |
| Wed, 09 Oct 2019 | €378.8b | €205.3b | €22.5b | 16.3x |
| Tue, 02 Jul 2019 | €354.2b | €198.4b | €20.1b | 16.6x |
Median PE Ratio
14.8x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.4x.
Past Earnings Growth
- The earnings for Belgian listed companies have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 3.6% 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 | -1.51% | |
| Energy | 4.75% | |
| Utilities | 4.53% | |
| Healthcare | 0.74% | |
| Real Estate | 0.65% | |
| Tech | 0.61% | |
| Consumer Discretionary | 0.47% | |
| Telecom | -0.36% | |
| Financials | -0.39% | |
| Materials | -0.59% | |
| Consumer Staples | -4.18% | |
| Industrials | -5.75% | |
Sector PE
- Investors are most optimistic about the Energy sector which is trading above its 3-year average PE ratio of 18.9x.
- This is likely because analysts are expecting annual earnings growth of 62% which is higher than its past year's earnings decline of 44% per year.
- Investors are most pessimistic about the Materials sector, which is trading below its 3-year average of 19.3x.
Forecasted Growth
- Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Real Estate sector is expected to see its earnings decline by 7.8% 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 | |
|---|---|---|---|---|---|---|
| KBC KBC Group | €56.54 | 2.7% +€617.0m | -16.2% | PB1x | Financials | |
| ELI Elia Group | €154.60 | 4.5% +€460.4m | 67.7% | PS38.5x | Utilities | |
| ARGX argenx | €305.30 | 2.5% +€398.8m | 38.7% | PS46.2x | Healthcare | |
| UMI Umicore | €40.67 | 2.2% +€213.6m | -18.8% | PS15.8x | Materials | |
| VGP VGP | €188.60 | 4.5% +€179.0m | 19.2% | PB1.9x | Real Estate |
