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Belgian (BEL20) Financials Sector Analysis

UpdatedFeb 24, 2024
DataAggregated Company Financials
Companies27
  • 7D0.6%
  • 3M9.3%
  • 1Y1.1%
  • YTD4.0%

The Financials industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 1.1% annually.

Sector Valuation and Performance

Has the Belgian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Feb 2024€80.0b€45.4b€8.4b8.4x9.5x1.8x
Mon, 22 Jan 2024€75.6b€43.5b€8.4b8.6x9x1.7x
Wed, 20 Dec 2023€74.9b€43.5b€8.4b8.6x9x1.7x
Fri, 17 Nov 2023€68.4b€41.5b€7.8b9.4x8.8x1.6x
Sun, 15 Oct 2023€70.8b€41.2b€7.5b9.6x9.4x1.7x
Tue, 12 Sep 2023€68.9b€40.8b€7.7b8.9x8.9x1.7x
Thu, 10 Aug 2023€72.9b€37.5b€7.9b7.2x9.2x1.9x
Sat, 08 Jul 2023€70.2b€36.8b€7.5b6.9x9.3x1.9x
Mon, 05 Jun 2023€71.8b€36.9b€7.5b8x9.6x1.9x
Wed, 03 May 2023€75.9b€36.1b€7.0b8.9x10.9x2.1x
Fri, 31 Mar 2023€75.4b€37.3b€7.4b7.9x10.1x2x
Sun, 26 Feb 2023€77.6b€37.7b€7.8b7.8x9.9x2.1x
Tue, 24 Jan 2023€75.0b€37.0b€7.8b8.3x9.6x2x
Thu, 22 Dec 2022€69.6b€37.0b€7.8b8x8.9x1.9x
Sat, 19 Nov 2022€66.0b€37.6b€8.0b7.8x8.2x1.8x
Mon, 17 Oct 2022€62.4b€37.1b€8.0b7.4x7.8x1.7x
Wed, 14 Sep 2022€66.7b€38.6b€8.7b7.9x7.7x1.7x
Fri, 12 Aug 2022€75.2b€41.3b€10.5b8.1x7.1x1.8x
Sun, 10 Jul 2022€74.2b€41.5b€10.9b7.9x6.8x1.8x
Tue, 07 Jun 2022€83.2b€41.5b€10.9b8.5x7.7x2x
Thu, 05 May 2022€86.8b€42.7b€11.7b8.6x7.4x2x
Sat, 02 Apr 2022€89.4b€43.0b€11.7b8x7.6x2.1x
Mon, 28 Feb 2022€88.9b€42.4b€11.7b7.5x7.6x2.1x
Wed, 26 Jan 2022€90.3b€42.2b€11.4b6.4x7.9x2.1x
Fri, 24 Dec 2021€95.5b€42.1b€11.4b6.2x8.4x2.3x
Sun, 21 Nov 2021€93.1b€42.2b€11.4b6.2x8.2x2.2x
Tue, 19 Oct 2021€96.2b€45.1b€11.8b6.9x8.2x2.1x
Thu, 16 Sep 2021€91.8b€45.6b€11.8b6.9x7.8x2x
Sat, 14 Aug 2021€93.9b€45.6b€11.8b7.2x8x2.1x
Wed, 09 Jun 2021€92.0b€43.4b€9.9b11.6x9.3x2.1x
Tue, 02 Mar 2021€83.1b€39.0b€7.4b16.1x11.2x2.1x
Price to Earnings Ratio

11.2x


Total Market Cap: €83.1bTotal Earnings: €7.4bTotal Revenue: €39.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Financials Sector Price to Earnings3Y Average 8.6x202220232024
Current Industry PE
  • Investors are relatively neutral on the Belgian Financials 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 8.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 4.3% per year over the last three years.
  • Revenues for these companies have grown 5.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Belgian Financials sector?

BE Market0.70%
Financials0.58%
Insurance2.29%
Banks0.67%
Capital Markets0.033%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Diversified Financial-0.30%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 0.20x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 7.5% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Banks 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
KBC KBC Group€64.081.6%
+€374.6m
-7.2%PB1.1x
AGS ageas€40.012.3%
+€165.3m
-3.9%PE8.1x
GBLB Groupe Bruxelles Lambert€71.240.8%
+€74.4m
-9.3%PS1x
GIMB Gimv€44.552.3%
+€27.9m
3.8%PE7.1x
MCC Immo Mechelen City Center Naamloze vennootschap€472.002.6%
+€342.0k
-19.9%PS5.1x
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Latest News

BNB

€460.00

Banque nationale de Belgique

7D

-4.2%

1Y

-30.3%

BREB

€104.00

Brederode

7D

-0.8%

1Y

0.2%

MCC

€472.00

Immo Mechelen City Center Naamloze vennootschap

7D

2.6%

1Y

-19.9%

GIMB

€44.55

Gimv

7D

2.3%

1Y

3.8%

KBCA

€42.18

KBC Ancora

7D

-0.05%

1Y

-11.9%

SOF

€215.00

Sofina Société Anonyme

7D

-1.5%

1Y

-5.9%

CAND

€2.02

Candela Invest

7D

-32.7%

1Y

-48.2%

2278082

€2,840.00

vdk bank

7D

-6.6%

1Y

n/a

GBLB

€71.24

Groupe Bruxelles Lambert

7D

0.8%

1Y

-9.3%

AGS

€40.01

ageas

7D

2.3%

1Y

-3.9%

COMB

€251.00

Compagnie du Bois Sauvage

7D

-2.7%

1Y

-25.7%

TINC

€11.40

TINC

7D

-0.4%

1Y

-7.3%