Narrative Update • Jun 30
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Belgian (BEL20) Food Industry Analysis
UpdatedJul 08, 2026
DataAggregated Company Financials
Companies10
- 7D-1.8%
- 3M9.3%
- 1Y40.3%
- YTD31.9%
Over the last 7 days, the Food industry has dropped 1.3%, driven by Lotus Bakeries declining 1.9%. Over the past 12 months, the industry was up 40%. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Belgian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Jul 2026 | €11.2b | €3.4b | €309.8m | 18.1x | 36.1x | 3.3x |
| Fri, 05 Jun 2026 | €10.8b | €3.4b | €307.9m | 18.8x | 35.2x | 3.2x |
| Sun, 03 May 2026 | €10.3b | €3.3b | €307.4m | 17.3x | 33.4x | 3.1x |
| Tue, 31 Mar 2026 | €9.8b | €3.4b | €309.9m | 17.2x | 31.5x | 2.9x |
| Thu, 26 Feb 2026 | €10.5b | €3.3b | €304.7m | 19.4x | 34.4x | 3.2x |
| Sat, 24 Jan 2026 | €9.4b | €3.2b | €269.8m | 18.9x | 35x | 3x |
| Mon, 22 Dec 2025 | €8.1b | €3.2b | €270.2m | 18.3x | 29.9x | 2.6x |
| Wed, 19 Nov 2025 | €7.6b | €3.2b | €271.1m | 18.9x | 28.2x | 2.4x |
| Fri, 17 Oct 2025 | €8.3b | €3.2b | €270.4m | 17.7x | 30.5x | 2.6x |
| Sun, 14 Sep 2025 | €8.5b | €3.1b | €277.5m | 18.1x | 30.7x | 2.7x |
| Tue, 12 Aug 2025 | €8.9b | €8.4b | €242.1m | 20.6x | 37x | 1.1x |
| Thu, 10 Jul 2025 | €8.4b | €8.4b | €234.2m | 20.9x | 35.9x | 1x |
| Sat, 07 Jun 2025 | €9.3b | €8.3b | €248.1m | 26.5x | 37.6x | 1.1x |
| Mon, 05 May 2025 | €9.1b | €8.3b | €248.5m | 21.9x | 36.5x | 1.1x |
| Wed, 02 Apr 2025 | €8.6b | €8.2b | €237.1m | 21.6x | 36.2x | 1x |
| Fri, 28 Feb 2025 | €8.8b | €8.7b | €245.4m | 20.1x | 35.8x | 1x |
| Sun, 26 Jan 2025 | €10.0b | €8.6b | €235.2m | 21.5x | 42.5x | 1.2x |
| Tue, 24 Dec 2024 | €10.5b | €8.6b | €235.8m | 19.5x | 44.7x | 1.2x |
| Thu, 21 Nov 2024 | €11.1b | €8.6b | €234.5m | 20.1x | 47.4x | 1.3x |
| Sat, 19 Oct 2024 | €11.8b | €8.4b | €238.5m | 19.9x | 49.7x | 1.4x |
| Mon, 16 Sep 2024 | €11.7b | €8.4b | €238.3m | 22.6x | 49x | 1.4x |
| Wed, 14 Aug 2024 | €10.6b | €8.4b | €236.6m | 22x | 44.7x | 1.3x |
| Fri, 12 Jul 2024 | €9.7b | €8.3b | €224.5m | 20.8x | 43.4x | 1.2x |
| Sun, 09 Jun 2024 | €9.8b | €8.3b | €224.9m | 23.2x | 43.7x | 1.2x |
| Tue, 07 May 2024 | €9.4b | €8.1b | €218.7m | 35x | 43x | 1.2x |
| Thu, 04 Apr 2024 | €8.9b | €8.1b | €222.5m | 32.2x | 39.8x | 1.1x |
| Sat, 02 Mar 2024 | €8.7b | €8.0b | €217.8m | 31x | 40.1x | 1.1x |
| Mon, 29 Jan 2024 | €7.9b | €8.0b | €199.8m | 32.7x | 39.8x | 1x |
| Wed, 27 Dec 2023 | €8.3b | €8.0b | €198.8m | 33.7x | 41.6x | 1x |
| Fri, 24 Nov 2023 | €8.3b | €8.0b | €199.5m | 34.5x | 41.6x | 1x |
| Sun, 22 Oct 2023 | €7.2b | €7.8b | €201.4m | 36.3x | 35.9x | 0.9x |
| Tue, 19 Sep 2023 | €7.8b | €7.7b | €207.0m | 38.2x | 37.7x | 1x |
| Thu, 17 Aug 2023 | €7.9b | €7.7b | €204.0m | 42.9x | 38.7x | 1x |
| Sat, 15 Jul 2023 | €8.0b | €7.6b | €222.9m | 42.4x | 35.9x | 1.1x |
Price to Earnings Ratio
35.9x
Current Industry PE
- Investors are relatively neutral on the Belgian Food 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 38.3x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have grown 12% 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 | -1.03% | |
| Consumer Staples | -2.45% | |
| Food | -1.77% | |
| Packaged Foods and Meats | -1.74% | |
| Agricultural Products | -2.11% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 51.4x.
- Analysts are expecting annual earnings growth of 13.8%, which is lower than the prior year's growth of 18.5% per year.
- Investors are most pessimistic about the Agricultural Products industry, which is trading close to its 3-year average of 9.3x.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 14% over the next 5 years.
- However this is lower than its past earnings growth rate of 19% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings decline by 2.8% 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 | |
|---|---|---|---|---|---|
| MIKO Miko | €68.00 | 4.6% +€3.7m | 34.9% | PE16.8x |