Narrative Update • Sep 17
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- 7D5.0%
- 3M27.4%
- 1Y60.2%
- YTD63.4%
Over the last 7 days, the Oil and Gas industry has risen 1.8%, driven by gains from Cmb.Tech of 8.7%. This takes the industry's 12 month performance to a gain of 58%. As for the next few years, earnings are forecast to decline by 29% per annum.
Industry Valuation and Performance
Has the Belgian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 18 Sep 2026 | €8.4b | €3.0b | €882.9m | 13.1x | 9.5x | 2.8x |
| Sun, 16 Aug 2026 | €7.3b | €2.7b | €560.8m | 14.1x | 13.1x | 2.7x |
| Tue, 14 Jul 2026 | €6.9b | €2.7b | €568.6m | 13.8x | 12.1x | 2.5x |
| Thu, 11 Jun 2026 | €6.8b | €2.7b | €561.8m | 14.2x | 12.1x | 2.5x |
| Sat, 09 May 2026 | €6.8b | €2.4b | €276.3m | 20.5x | 24.6x | 2.8x |
| Mon, 06 Apr 2026 | €6.2b | €2.4b | €280.5m | 19.5x | 22.1x | 2.6x |
| Wed, 04 Mar 2026 | €6.6b | €2.4b | €349.2m | 19x | 18.8x | 2.7x |
| Fri, 30 Jan 2026 | €5.9b | €2.1b | €343.9m | 17.1x | 17x | 2.8x |
| Sun, 28 Dec 2025 | €5.1b | €2.1b | €347.8m | 16.4x | 14.6x | 2.4x |
| Tue, 25 Nov 2025 | €5.3b | €1.9b | €421.6m | 12x | 12.7x | 2.8x |
| Thu, 23 Oct 2025 | €5.2b | €1.9b | €419.1m | 11.2x | 12.3x | 2.7x |
| Sat, 20 Sep 2025 | €5.2b | €1.8b | €422.4m | 11x | 12.4x | 2.8x |
| Mon, 18 Aug 2025 | €4.1b | €1.8b | €596.2m | 4x | 6.9x | 2.3x |
| Wed, 16 Jul 2025 | €4.4b | €1.8b | €600.6m | 4.4x | 7.3x | 2.4x |
| Fri, 13 Jun 2025 | €4.3b | €1.8b | €601.6m | 4.3x | 7.2x | 2.4x |
| Sun, 11 May 2025 | €4.4b | €1.8b | €1.0b | 4.1x | 4.3x | 2.4x |
| Tue, 08 Apr 2025 | €4.1b | €1.9b | €1.0b | 4x | 3.9x | 2.2x |
| Thu, 06 Mar 2025 | €4.1b | €2.0b | €998.7m | 6.2x | 4.1x | 2.1x |
| Sat, 01 Feb 2025 | €4.6b | €2.1b | €1.3b | 6x | 3.4x | 2.2x |
| Mon, 30 Dec 2024 | €4.2b | €2.1b | €1.3b | 6x | 3.1x | 2x |
| Wed, 27 Nov 2024 | €4.3b | €2.0b | €1.3b | 4.2x | 3.2x | 2.1x |
| Fri, 25 Oct 2024 | €5.0b | €2.1b | €1.3b | 4.3x | 3.8x | 2.4x |
| Sun, 22 Sep 2024 | €5.0b | €2.1b | €1.3b | 4.7x | 4x | 2.4x |
| Tue, 20 Aug 2024 | €5.1b | €2.2b | €1.2b | 6.7x | 4.2x | 2.4x |
| Thu, 18 Jul 2024 | €5.1b | €2.3b | €1.2b | 6.4x | 4.2x | 2.2x |
| Sat, 15 Jun 2024 | €5.3b | €2.3b | €1.2b | 6.1x | 4.2x | 2.3x |
| Mon, 13 May 2024 | €6.1b | €2.6b | €1.2b | 6.7x | 4.9x | 2.3x |
| Wed, 10 Apr 2024 | €5.5b | €2.3b | €938.0m | 6.4x | 5.9x | 2.4x |
| Fri, 08 Mar 2024 | €5.8b | €2.7b | €903.5m | 10.4x | 6.4x | 2.1x |
| Sun, 04 Feb 2024 | €5.9b | €3.1b | €915.1m | 11x | 6.5x | 1.9x |
| Tue, 02 Jan 2024 | €5.9b | €2.8b | €737.3m | 11.3x | 8x | 2.1x |
| Thu, 30 Nov 2023 | €6.0b | €2.8b | €741.6m | 10.5x | 8x | 2.1x |
| Sat, 28 Oct 2023 | €6.4b | €2.7b | €947.9m | 6.1x | 6.7x | 2.4x |
| Mon, 25 Sep 2023 | €6.4b | €2.7b | €947.9m | 5.9x | 6.7x | 2.4x |
Price to Earnings Ratio
6.7x
Current Industry PE
- Investors are relatively neutral on the Belgian Oil and Gas 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 8.7x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 2.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Belgian Energy industry?
| BE Market | 2.04% | |
| Energy | 5.00% | |
| Oil and Gas | 5.00% | |
| Oil and Gas Storage and Transportation | 5.45% | |
| Oil and Gas Refining and Marketing | 0% | 0 |
| Coal and Fuels | 0% | 0 |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 7.7x.
- Analysts are expecting annual earnings decline of 29.0%, which is worse than the prior year's decline of 7.4%.
- Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Oil and Gas Storage and Transportation industry since they expect its earnings to decline by only 29% per year over the next 5 years, which isn't as bad as the other industries.
- This is even lower than its past earnings decline of 7.4% per year.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 29% 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 | |
|---|---|---|---|---|---|
| CMBT Cmb.Tech | €18.06 | 8.7% +€417.8m | 122.1% | PE7.1x | |
| EXM Exmar | €12.00 | 0.4% +€4.0m | 18.1% | PE13.1x |