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Belgian (BEL20) Industrials Sector Analysis

UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies28
  • 7D1.6%
  • 3M-1.4%
  • 1Y6.5%
  • YTD-2.7%

In the last week, the Industrials industry is up 1.6%, with DEME Group leading the way, up 5.4%. In the last 12 months, the industry was up 6.5%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Feb 2025€22.4b€30.7b€1.6b12.1x14.2x0.7x
Tue, 31 Dec 2024€22.4b€30.7b€1.6b12.6x14.2x0.7x
Thu, 28 Nov 2024€22.1b€30.7b€1.6b13.4x14x0.7x
Sat, 26 Oct 2024€22.6b€30.7b€1.6b13.1x14x0.7x
Mon, 23 Sep 2024€22.6b€30.6b€1.6b13.7x13.9x0.7x
Wed, 21 Aug 2024€22.9b€29.8b€1.5b12.7x14.8x0.8x
Fri, 19 Jul 2024€22.9b€29.8b€1.6b13.1x14.6x0.8x
Sun, 16 Jun 2024€22.6b€30.1b€1.6b12.7x14.4x0.8x
Tue, 14 May 2024€23.8b€30.2b€1.6b12.7x15.2x0.8x
Thu, 11 Apr 2024€22.2b€30.3b€1.6b13.1x13.8x0.7x
Sat, 09 Mar 2024€21.2b€30.4b€1.6b14.5x13.3x0.7x
Mon, 05 Feb 2024€21.9b€32.6b€1.9b11x11.3x0.7x
Wed, 03 Jan 2024€22.8b€32.6b€1.9b11x11.7x0.7x
Fri, 01 Dec 2023€21.2b€32.1b€2.0b11.3x10.8x0.7x
Sun, 29 Oct 2023€19.4b€31.8b€2.0b12.5x9.5x0.6x
Tue, 26 Sep 2023€21.0b€31.9b€2.0b13.2x10.4x0.7x
Thu, 24 Aug 2023€22.2b€31.2b€2.1b10.8x10.7x0.7x
Sat, 22 Jul 2023€22.9b€31.1b€2.1b13.5x10.8x0.7x
Mon, 19 Jun 2023€22.9b€31.0b€2.1b14.4x10.8x0.7x
Wed, 17 May 2023€22.2b€30.9b€2.1b11.5x10.5x0.7x
Fri, 14 Apr 2023€22.2b€31.0b€2.1b10.9x10.4x0.7x
Sun, 12 Mar 2023€22.4b€29.9b€2.2b10.5x10.3x0.8x
Tue, 07 Feb 2023€23.1b€29.3b€1.9b12.1x12x0.8x
Thu, 05 Jan 2023€23.6b€29.3b€1.9b11.8x12.3x0.8x
Sat, 03 Dec 2022€22.8b€29.3b€1.9b11.3x11.9x0.8x
Mon, 31 Oct 2022€21.2b€29.2b€1.9b11.4x11.1x0.7x
Wed, 28 Sep 2022€20.9b€29.1b€1.9b11x10.9x0.7x
Fri, 26 Aug 2022€21.3b€27.8b€1.8b13.1x11.9x0.8x
Sun, 24 Jul 2022€21.0b€27.0b€1.7b10.3x12.3x0.8x
Tue, 21 Jun 2022€20.5b€24.4b€1.6b11.6x12.9x0.8x
Thu, 19 May 2022€22.7b€24.4b€1.6b13.8x14.3x0.9x
Sat, 16 Apr 2022€23.5b€24.4b€1.6b13.6x14.7x1x
Mon, 14 Mar 2022€21.2b€23.1b€1.4b13.2x15.6x0.9x
Wed, 09 Feb 2022€22.7b€24.9b€1.1b16.7x20x0.9x
Price to Earnings Ratio

20x


Total Market Cap: €22.7bTotal Earnings: €1.1bTotal Revenue: €24.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Industrials Sector Price to Earnings3Y Average 12.6x202320242025
Current Industry PE
  • Investors are optimistic on the Belgian Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 12.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 7.2% 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 Industrials sector?

BE Market1.55%
Industrials1.56%
Trade Distributors3.60%
Construction2.95%
Logistics2.19%
Aerospace & Defense0%0
Industrials0%0
Machinery0%0
Professional Services0%0
Airlines0%0
Marine and Shipping0%0
Transportation0%0
Infrastructure0%0
Building-0.53%
Electrical-3.64%
Commercial Services-5.35%
Industry PE
  • Investors are most optimistic about the Commercial Services industry, which is trading close to its 3-year average PE ratio of 70.1x.
    • Analysts are expecting annual earnings growth of 49.3%, which is higher than its past year's earnings growth of 23.2% per year.
  • Investors are most pessimistic about the Logistics industry, which is trading below its 3-year average of 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 23% per year.
  • In contrast, the Construction industry is expected to see its earnings grow by 8.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DEME DEME Group€135.805.4%
+€177.2m
16.1%PE12.6x
AZE Azelis Group€19.863.6%
+€168.3m
4.5%PE28.6x
ACKB Ackermans & Van Haaren€187.602.0%
+€117.8m
21.7%PE14.3x
094124453 Etex€13.403.1%
+€31.3m
-19.8%PE5.8x
RECT Recticel€10.124.5%
+€24.8m
-10.8%PE87.2x
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