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Belgian (BEL20) Food Industry Analysis

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.7%
  • 3M-6.6%
  • 1Y-27.7%
  • YTD-24.5%

Over the last 7 days, the Food industry has dropped 4.0%, driven by Lotus Bakeries declining 5.0%. Overall the industry is down 29% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Belgian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025€7.6b€3.2b€271.1m18.9x28.2x2.4x
Sat, 18 Oct 2025€8.3b€3.2b€270.6m17.5x30.6x2.6x
Mon, 15 Sep 2025€8.5b€3.1b€277.5m18.1x30.7x2.7x
Wed, 13 Aug 2025€8.8b€8.4b€241.7m20.7x36.6x1x
Fri, 11 Jul 2025€8.2b€8.4b€234.3m20.9x35.1x1x
Sun, 08 Jun 2025€9.3b€8.3b€248.1m26.5x37.6x1.1x
Tue, 06 May 2025€9.1b€8.3b€248.5m21.7x36.5x1.1x
Thu, 03 Apr 2025€8.5b€8.2b€236.8m21.6x36.1x1x
Sat, 01 Mar 2025€8.8b€8.7b€245.5m20.1x35.8x1x
Mon, 27 Jan 2025€10.0b€8.6b€235.2m21.5x42.5x1.2x
Wed, 25 Dec 2024€10.6b€8.6b€235.9m19.2x45.1x1.2x
Fri, 22 Nov 2024€11.0b€8.6b€234.9m20.3x47x1.3x
Sun, 20 Oct 2024€11.8b€8.4b€238.5m19.9x49.7x1.4x
Tue, 17 Sep 2024€11.6b€8.4b€238.0m23x48.8x1.4x
Thu, 15 Aug 2024€10.6b€8.4b€236.5m22.5x44.7x1.3x
Sat, 13 Jul 2024€9.8b€8.3b€224.2m21x43.6x1.2x
Mon, 10 Jun 2024€9.8b€8.3b€224.9m23.2x43.7x1.2x
Wed, 08 May 2024€9.5b€8.1b€218.8m35x43.2x1.2x
Fri, 05 Apr 2024€9.0b€8.1b€222.4m32.5x40.4x1.1x
Sun, 03 Mar 2024€8.7b€8.0b€217.8m31x40.1x1.1x
Tue, 30 Jan 2024€7.9b€8.0b€199.9m32.7x39.7x1x
Thu, 28 Dec 2023€8.4b€8.0b€198.2m33.7x42.5x1.1x
Sat, 25 Nov 2023€8.3b€8.0b€199.3m34x41.5x1x
Mon, 23 Oct 2023€7.2b€7.8b€201.4m36.3x35.9x0.9x
Wed, 20 Sep 2023€7.8b€7.7b€207.0m38.5x37.9x1x
Fri, 18 Aug 2023€7.8b€7.7b€204.2m42.7x38.2x1x
Sun, 16 Jul 2023€8.0b€7.6b€223.0m42.4x35.9x1.1x
Tue, 13 Jun 2023€7.6b€7.4b€233.9m44.8x32.5x1x
Thu, 11 May 2023€7.2b€7.4b€231.7m43.6x30.9x1x
Sat, 08 Apr 2023€7.3b€7.4b€232.2m44.6x31.4x1x
Mon, 06 Mar 2023€7.0b€7.3b€241.0m36.2x29x1x
Wed, 01 Feb 2023€6.7b€7.1b€238.2m23.5x28.2x0.9x
Fri, 30 Dec 2022€7.0b€7.2b€240.0m22.4x29.2x1x
Sun, 27 Nov 2022€6.9b€7.2b€242.8m22.8x28.5x1x
Price to Earnings Ratio

28.5x


Total Market Cap: €6.9bTotal Earnings: €242.8mTotal Revenue: €7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Food Industry Price to Earnings3Y Average 37.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 28.6x which is lower than its 3-year average PE of 37.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 24% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Belgian Consumer Staples industry?

BE Market-2.60%
Consumer Staples-5.31%
Food-1.69%
Agricultural Products1.97%
Packaged Foods and Meats-2.13%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 51.9x.
    • Analysts are expecting annual earnings growth of 13.1%, which is lower than the prior year's growth of 51.7% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Agricultural Products 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?

CompanyLast Price7D1YValuation
SIP Sipef€80.002.0%
+€16.7m
40.8%PE9.8x
FLOB Floridienne€615.001.7%
+€9.8m
7.9%PE74.6x