Narrative Update • Apr 28
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Belgian (BEL20) Consumer Staples Sector Analysis
UpdatedMay 28, 2026
DataAggregated Company Financials
Companies15
- 7D1.6%
- 3M6.8%
- 1Y15.8%
- YTD31.6%
Over the last 7 days, the Consumer Staples industry has risen 1.6%, driven by gains from Anheuser-Busch InBev of 1.7%. In the last 12 months, the industry was up 16%. Looking forward, earnings are forecast to grow by 9.3% 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 |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | €157.8b | €69.2b | €6.9b | 19x | 22.9x | 2.3x |
| Sat, 25 Apr 2026 | €137.1b | €67.4b | €6.5b | 17.3x | 21.1x | 2x |
| Mon, 23 Mar 2026 | €130.9b | €68.1b | €6.6b | 19.9x | 19.9x | 1.9x |
| Wed, 18 Feb 2026 | €146.7b | €66.9b | €6.4b | 21.9x | 22.8x | 2.2x |
| Fri, 16 Jan 2026 | €130.4b | €67.2b | €5.9b | 21.7x | 22.2x | 1.9x |
| Sun, 14 Dec 2025 | €118.9b | €66.4b | €5.8b | 19.9x | 20.3x | 1.8x |
| Tue, 11 Nov 2025 | €119.8b | €67.2b | €5.9b | 19.9x | 20.2x | 1.8x |
| Thu, 09 Oct 2025 | €113.9b | €66.8b | €6.8b | 18.6x | 16.8x | 1.7x |
| Sat, 06 Sep 2025 | €115.4b | €71.8b | €6.7b | 18x | 17.2x | 1.6x |
| Mon, 04 Aug 2025 | €111.7b | €72.2b | €6.8b | 20.4x | 16.5x | 1.5x |
| Wed, 02 Jul 2025 | €129.6b | €71.7b | €6.5b | 19.9x | 20x | 1.8x |
| Fri, 30 May 2025 | €138.0b | €73.3b | €6.7b | 20.1x | 20.5x | 1.9x |
| Sun, 27 Apr 2025 | €128.6b | €73.9b | €5.8b | 21.6x | 22.2x | 1.7x |
| Tue, 25 Mar 2025 | €127.7b | €76.7b | €6.1b | 21.9x | 21.1x | 1.7x |
| Thu, 20 Feb 2025 | €115.8b | €78.6b | €6.9b | 19.7x | 16.8x | 1.5x |
| Sat, 18 Jan 2025 | €108.2b | €79.4b | €7.0b | 18.7x | 15.5x | 1.4x |
| Mon, 16 Dec 2024 | €117.9b | €78.3b | €6.9b | 19.3x | 17.2x | 1.5x |
| Wed, 13 Nov 2024 | €122.0b | €77.5b | €7.5b | 19.5x | 16.2x | 1.6x |
| Fri, 11 Oct 2024 | €134.3b | €76.4b | €6.8b | 20.9x | 19.8x | 1.8x |
| Sun, 08 Sep 2024 | €130.4b | €75.6b | €6.7b | 20.9x | 19.4x | 1.7x |
| Tue, 06 Aug 2024 | €126.1b | €76.1b | €6.8b | 20.3x | 18.7x | 1.7x |
| Thu, 04 Jul 2024 | €130.0b | €76.7b | €5.8b | 24.8x | 22.5x | 1.7x |
| Sat, 01 Jun 2024 | €134.4b | €76.3b | €5.7b | 24.8x | 23.6x | 1.8x |
| Mon, 29 Apr 2024 | €127.7b | €76.5b | €6.3b | 28.5x | 20.4x | 1.7x |
| Wed, 27 Mar 2024 | €125.6b | €75.8b | €6.2b | 25.5x | 20.3x | 1.7x |
| Fri, 23 Feb 2024 | €131.6b | €76.0b | €7.1b | 26x | 18.6x | 1.7x |
| Sun, 21 Jan 2024 | €129.2b | €75.6b | €6.9b | 29x | 18.6x | 1.7x |
| Tue, 19 Dec 2023 | €129.2b | €74.7b | €6.1b | 29x | 21.1x | 1.7x |
| Thu, 16 Nov 2023 | €126.4b | €75.1b | €6.2b | 28.8x | 20.5x | 1.7x |
| Sat, 14 Oct 2023 | €114.9b | €76.2b | €6.3b | 31.9x | 18.2x | 1.5x |
| Mon, 11 Sep 2023 | €118.1b | €75.1b | €6.2b | 34.3x | 19x | 1.6x |
| Wed, 09 Aug 2023 | €115.5b | €73.7b | €6.1b | 39x | 19x | 1.6x |
| Fri, 07 Jul 2023 | €114.6b | €73.7b | €7.2b | 40.6x | 16x | 1.6x |
| Sun, 04 Jun 2023 | €113.4b | €74.8b | €7.3b | 39x | 15.5x | 1.5x |
Price to Earnings Ratio
15.5x
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 22.9x which is higher than its 3-year average PE of 19.6x.
- The 3-year average PS ratio of 1.7x 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 declined 2.0% per year over the last three years,
- Revenues have also declined 2.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Belgian Consumer Staples sector?
| BE Market | 1.92% | |
| Consumer Staples | 1.64% | |
| Beverage | 1.78% | |
| Food | 0.60% | |
| Food and Staples Retail | -0.30% | |
| Personal Products | -2.01% | |
Industry PE
- Investors are most optimistic about the Food industry, which is trading close to its 3-year average PE ratio of 38.1x.
- Analysts are expecting annual earnings growth of 9.8%, 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 22.3x.
Forecasted Growth
- Analysts are most optimistic on the Personal Products industry, expecting annual earnings growth of 34% 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 grow by 3.5% 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 | |
|---|---|---|---|---|---|
| ABI Anheuser-Busch InBev | €72.40 | 1.7% +€2.4b | 16.8% | PE22.6x | |
| SPA Spadel | €356.00 | 6.0% +€83.0m | 78.9% | PE28.9x | |
| LOTB Lotus Bakeries | €10.86k | 0.6% +€48.7m | 19.5% | PE51.2x | |
| FLOB Floridienne | €57.00 | 1.8% +€9.8m | -10.2% | PE70.3x | |
| MIKO Miko | €62.50 | 4.2% +€3.1m | 19.7% | PE15.5x |