Narrative Update • Aug 07
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Belgian (BEL20) Consumer Staples Sector Analysis
UpdatedAug 08, 2026
DataAggregated Company Financials
Companies14
- 7D-2.4%
- 3M8.0%
- 1Y36.0%
- YTD33.8%
Over the last 7 days, the Consumer Staples industry has dropped 2.4%, driven by Anheuser-Busch InBev declining 3.1%. Meanwhile, Lotus Bakeries actually outperformed within the industry, gaining 8.3% in the last week. Over the past 12 months, the industry was up 36%. Looking forward, earnings are forecast to grow by 5.4% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 09 Aug 2026 | €161.6b | €69.8b | €8.6b | 17.7x | 18.8x | 2.3x |
| 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 |
Price to Earnings Ratio
18.9x
Current Industry PE
- Investors are relatively neutral on the Belgian Consumer Staples industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.9x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Belgian Consumer Staples sector?
| BE Market | 0.17% | |
| Consumer Staples | -2.37% | |
| Personal Products | 11.45% | |
| Food | 6.98% | |
| Food and Staples Retail | -1.84% | |
| Beverage | -3.07% | |
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 expect its future annual earnings growth (12.1%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Personal Products industry, expecting annual earnings growth of 94% over the next 5 years.
- 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 | |
|---|---|---|---|---|---|
| LOTB Lotus Bakeries | €12.06k | 8.3% +€747.1m | 42.9% | PE56.9x | |
| COBH Brouwerij Handelsmaatschappij | €2.60k | 20.4% +€33.0m | 52.9% | PS1.8x | |
| ONTEX Ontex Group | €2.58 | 11.4% +€21.2m | -59.5% | PS0.1x | |
| SIP Sipef | €91.00 | 0.3% +€3.1m | 37.9% | PE8.7x | |
| NEWT Newtree | €2.24 | 14.9% +€2.6m | 2.8% | n/a |
