Are Investors Undervaluing argenx SE (EBR:ARGX) By 34%?
Dec 21
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Belgian (BEL20) Healthcare Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies12
- 7D3.2%
- 3M17.6%
- 1Y97.8%
- YTD93.8%
In the last week, the Healthcare industry is up 3.2%, with argenx up 4.1%. This means that the industry has gained 98% over the past year. Looking forward, earnings are forecast to grow by 44% annually.
Sector Valuation and Performance
Has the Belgian Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €80.3b | €9.8b | €270.1m | 58.7x | 297.4x | 8.2x |
| Tue, 19 Nov 2024 | €71.5b | €9.7b | €270.5m | 55.5x | 264.4x | 7.3x |
| Thu, 17 Oct 2024 | €71.1b | €9.5b | €128.9m | 61.1x | 551.7x | 7.5x |
| Sat, 14 Sep 2024 | €68.3b | €9.4b | €133.0m | 57.6x | 514x | 7.3x |
| Mon, 12 Aug 2024 | €66.7b | €9.4b | €59.4m | 57.9x | 1122.6x | 7.1x |
| Wed, 10 Jul 2024 | €59.5b | €8.9b | €37.2m | 54.5x | 1599.5x | 6.7x |
| Fri, 07 Jun 2024 | €53.0b | €8.9b | €39.1m | 52.2x | 1355.6x | 6x |
| Sun, 05 May 2024 | €51.1b | €8.7b | €61.0m | 48.2x | 838.2x | 5.8x |
| Tue, 02 Apr 2024 | €50.2b | €8.7b | €39.3m | 45.4x | 1276x | 5.7x |
| Thu, 29 Feb 2024 | €48.1b | €9.1b | -€82,798,943.60 | 43.7x | -581.1x | 5.3x |
| Sat, 27 Jan 2024 | €43.4b | €9.1b | -€126,523,109.00 | 39.7x | -342.7x | 4.7x |
| Mon, 25 Dec 2023 | €40.3b | €9.1b | -€123,427,749.00 | 37.6x | -326.4x | 4.4x |
| Wed, 22 Nov 2023 | €44.9b | €9.1b | -€121,301,821.00 | 32.6x | -370.3x | 4.9x |
| Fri, 20 Oct 2023 | €45.5b | €9.0b | -€303,342,411.00 | 33.5x | -150x | 5.1x |
| Sun, 17 Sep 2023 | €50.6b | €9.0b | -€360,903,069.00 | 36.2x | -140.3x | 5.6x |
| Tue, 15 Aug 2023 | €48.4b | €9.0b | -€339,328,499.00 | 41.4x | -142.8x | 5.4x |
| Thu, 13 Jul 2023 | €39.7b | €9.1b | -€339,983,512.00 | 35.9x | -116.9x | 4.4x |
| Sat, 10 Jun 2023 | €43.0b | €9.1b | -€358,087,401.00 | 39.3x | -120x | 4.7x |
| Mon, 08 May 2023 | €42.4b | €9.1b | -€319,340,670.00 | 38.2x | -132.8x | 4.7x |
| Wed, 05 Apr 2023 | €40.5b | €8.9b | -€269,228,585.00 | 26.8x | -150.4x | 4.6x |
| Fri, 03 Mar 2023 | €39.7b | €8.7b | -€335,173,896.00 | 26.1x | -118.6x | 4.6x |
| Sun, 29 Jan 2023 | €39.9b | €9.0b | €127.5m | 15.4x | 313.2x | 4.4x |
| Tue, 27 Dec 2022 | €40.0b | €9.0b | €111.6m | 14.9x | 358.5x | 4.4x |
| Thu, 24 Nov 2022 | €41.2b | €9.0b | €90.1m | 14.8x | 456.6x | 4.6x |
| Sat, 22 Oct 2022 | €41.0b | €8.9b | €51.3m | 14.1x | 800.2x | 4.6x |
| Mon, 19 Sep 2022 | €40.4b | €8.8b | €51.4m | 14.4x | 785.9x | 4.6x |
| Wed, 17 Aug 2022 | €41.0b | €8.8b | €126.6m | 15.1x | 324x | 4.7x |
| Fri, 15 Jul 2022 | €42.0b | €8.9b | €641.8m | 16.3x | 65.4x | 4.7x |
| Sun, 12 Jun 2022 | €39.8b | €8.9b | €609.3m | 17.1x | 65.3x | 4.5x |
| Tue, 10 May 2022 | €41.4b | €8.8b | €643.5m | 18.8x | 64.3x | 4.7x |
| Thu, 07 Apr 2022 | €45.3b | €9.0b | €836.3m | 19.8x | 54.2x | 5.1x |
| Sat, 05 Mar 2022 | €38.7b | €8.7b | €770.7m | 14.7x | 50.2x | 4.4x |
| Mon, 31 Jan 2022 | €36.6b | €8.6b | €732.1m | 14.6x | 50x | 4.2x |
| Wed, 29 Dec 2021 | €43.6b | €8.6b | €737.4m | 15.8x | 59.1x | 5x |
Price to Earnings Ratio
59.1x
Current Industry PE
- Investors are optimistic on the Belgian Healthcare industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 297x which is higher than its 3-year average PE of 274x.
- The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 8.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 28% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.1% 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 Healthcare sector?
| BE Market | -1.53% | |
| Healthcare | 3.21% | |
| Biotech | 4.08% | |
| Pharma | 2.72% | |
| Life Sciences | 0% | |
| Healthtech | -0.14% | |
| Medical Equipment | -0.70% | |
| Healthcare Services | -1.74% | |
Industry PE
- Investors are most optimistic about the Pharma industry which is trading above its 3-year average PE ratio of 47.1x.
- Analysts are expecting annual earnings growth of 32.9%, which is lower than the prior year's growth of 77.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthtech industry, expecting annual earnings growth of 113% over the next 5 years.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| ARGX argenx | €604.60 | 4.1% +€1.4b | 79.5% | PS20x | |
| UCB UCB | €186.60 | 3.3% +€1.1b | 140.4% | PE147.5x | |
| NYXH Nyxoah | €7.80 | 0.3% +€747.8k | 73.7% | PS57.4x |
