Narrative Update • Jun 30
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Belgian (BEL20) Consumer Staples Sector Analysis
UpdatedJul 07, 2026
DataAggregated Company Financials
Companies15
- 7D-4.9%
- 3M12.8%
- 1Y19.0%
- YTD27.6%
Over the last 7 days, the Consumer Staples industry has dropped 1.1%, driven by Anheuser-Busch InBev declining 5.5%. Meanwhile, Spadel actually outperformed within the industry, gaining 9.0% in the last week. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 9.4% per annum.
Sector Valuation and Performance
Has the Belgian Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | €153.0b | €69.5b | €7.0b | 18.4x | 21.7x | 2.2x |
| Thu, 04 Jun 2026 | €150.5b | €69.4b | €6.9b | 18.6x | 21.8x | 2.2x |
| Sat, 02 May 2026 | €141.5b | €67.4b | €6.5b | 17.3x | 21.8x | 2.1x |
| Mon, 30 Mar 2026 | €130.5b | €68.3b | €6.6b | 18.6x | 19.8x | 1.9x |
| Wed, 25 Feb 2026 | €149.5b | €67.1b | €6.5b | 22.2x | 23.2x | 2.2x |
| Fri, 23 Jan 2026 | €130.7b | €66.6b | €5.8b | 21.5x | 22.5x | 2x |
| Sun, 21 Dec 2025 | €121.6b | €66.7b | €5.8b | 20.1x | 20.9x | 1.8x |
| Tue, 18 Nov 2025 | €118.4b | €67.0b | €5.9b | 20.1x | 20.1x | 1.8x |
| Thu, 16 Oct 2025 | €115.2b | €66.7b | €6.8b | 17.5x | 17x | 1.7x |
| Sat, 13 Sep 2025 | €112.3b | €66.3b | €6.7b | 18.1x | 16.7x | 1.7x |
| Mon, 11 Aug 2025 | €118.4b | €71.9b | €6.7b | 20.3x | 17.6x | 1.6x |
| Wed, 09 Jul 2025 | €128.9b | €71.9b | €6.5b | 20.2x | 19.8x | 1.8x |
| Fri, 06 Jun 2025 | €139.1b | €72.9b | €6.7b | 20.4x | 20.8x | 1.9x |
| Sun, 04 May 2025 | €130.4b | €74.4b | €5.8b | 21.9x | 22.3x | 1.8x |
| Tue, 01 Apr 2025 | €127.3b | €76.6b | €6.1b | 21.4x | 21x | 1.7x |
| Thu, 27 Feb 2025 | €127.0b | €78.3b | €6.9b | 20.3x | 18.5x | 1.6x |
| Sat, 25 Jan 2025 | €107.9b | €78.2b | €6.9b | 19x | 15.7x | 1.4x |
| Mon, 23 Dec 2024 | €111.4b | €78.7b | €6.9b | 18.8x | 16.1x | 1.4x |
| Wed, 20 Nov 2024 | €122.6b | €77.7b | €7.5b | 19.5x | 16.3x | 1.6x |
| Fri, 18 Oct 2024 | €138.2b | €76.9b | €6.8b | 21x | 20.2x | 1.8x |
| Sun, 15 Sep 2024 | €134.4b | €75.6b | €6.7b | 21.6x | 20x | 1.8x |
| Tue, 13 Aug 2024 | €126.6b | €76.3b | €6.8b | 20.4x | 18.6x | 1.7x |
| Thu, 11 Jul 2024 | €129.7b | €76.5b | €5.8b | 24.7x | 22.5x | 1.7x |
| Sat, 08 Jun 2024 | €134.7b | €76.5b | €5.7b | 26.1x | 23.6x | 1.8x |
| Mon, 06 May 2024 | €126.5b | €76.2b | €6.2b | 27.5x | 20.3x | 1.7x |
| Wed, 03 Apr 2024 | €127.3b | €76.1b | €6.2b | 30.2x | 20.4x | 1.7x |
| Fri, 01 Mar 2024 | €126.4b | €76.1b | €7.1b | 24.9x | 17.8x | 1.7x |
| Sun, 28 Jan 2024 | €128.3b | €75.8b | €7.0b | 28.2x | 18.4x | 1.7x |
| Tue, 26 Dec 2023 | €130.9b | €74.2b | €6.1b | 29x | 21.6x | 1.8x |
| Thu, 23 Nov 2023 | €129.0b | €75.0b | €6.1b | 28.8x | 21x | 1.7x |
| Sat, 21 Oct 2023 | €112.7b | €75.7b | €6.3b | 31.7x | 18x | 1.5x |
| Mon, 18 Sep 2023 | €119.9b | €75.3b | €6.2b | 34.4x | 19.2x | 1.6x |
| Wed, 16 Aug 2023 | €114.9b | €73.9b | €6.1b | 39x | 18.9x | 1.6x |
| Fri, 14 Jul 2023 | €116.8b | €72.0b | €7.0b | 38.7x | 16.8x | 1.6x |
Price to Earnings Ratio
16.8x
Current Industry PE
- Investors are optimistic on the Belgian Consumer Staples industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.7x which is higher than its 3-year average PE of 19.8x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- Both revenue and earnings for companies in the Consumer Staples industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Belgian Consumer Staples sector?
| BE Market | -0.95% | |
| Consumer Staples | -4.90% | |
| Food and Staples Retail | 1.18% | |
| Food | -1.28% | |
| Personal Products | -5.18% | |
| Beverage | -5.36% | |
Industry PE
- Investors are most optimistic about the Food industry, which is trading close to its 3-year average PE ratio of 38.3x.
- Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 18.5% per year.
- Investors are most pessimistic about the Personal Products industry, which is trading below its 3-year average of 22.9x.
Forecasted Growth
- Analysts are most optimistic on the Personal Products industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Food and Staples Retail industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| SPA Spadel | €410.00 | 9.0% +€141.1m | 103.0% | PE33.2x | |
| COLR Colruyt Group | €36.14 | 1.2% +€50.3m | -3.9% | PE12.8x | |
| FLOB Floridienne | €62.00 | 2.5% +€14.7m | -8.1% | PE76.5x | |
| MIKO Miko | €66.50 | 1.5% +€1.2m | 25.5% | PE16.5x |
