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Belgian (BEL20) Commercial Services Industry Analysis

UpdatedMar 11, 2025
DataAggregated Company Financials
Companies5
  • 7D-2.6%
  • 3M-9.9%
  • 1Y-24.7%
  • YTD-9.2%

The Commercial Services industry is up 1.5% in the last week, with Smartphoto Group up 43%. Meanwhile, Ekopak actually underperformed within the industry, shrinking 18% in the last week. However, the industry is down 22% over the past year. Looking forward, earnings are forecast to grow by 53% annually.

Industry Valuation and Performance

Has the Belgian Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Mar 2025€321.1m€253.0m€2.8m16.2x115.7x1.3x
Thu, 06 Feb 2025€330.9m€251.9m€5.1m12x65x1.3x
Sat, 04 Jan 2025€359.3m€251.9m€5.1m14x70.6x1.4x
Mon, 02 Dec 2024€375.2m€251.9m€5.1m14x73.7x1.5x
Wed, 30 Oct 2024€427.5m€251.9m€5.1m14.5x84x1.7x
Fri, 27 Sep 2024€394.9m€251.5m€4.8m14x82.8x1.6x
Sun, 25 Aug 2024€407.0m€227.8m€7.5m13.1x54.5x1.8x
Tue, 23 Jul 2024€425.7m€227.8m€7.5m14x57.1x1.9x
Thu, 20 Jun 2024€442.9m€227.8m€7.5m14.1x59.4x1.9x
Sat, 18 May 2024€441.5m€228.2m€7.5m13.8x59.2x1.9x
Mon, 15 Apr 2024€439.1m€226.6m€5.8m18.8x76x1.9x
Wed, 13 Mar 2024€428.2m€205.6m€6.8m25.7x62.9x2.1x
Fri, 09 Feb 2024€433.6m€204.2m€5.7m27.6x76.3x2.1x
Sun, 07 Jan 2024€455.4m€204.2m€5.7m27.9x80.2x2.2x
Tue, 05 Dec 2023€439.2m€204.2m€5.7m27.7x77.3x2.2x
Thu, 02 Nov 2023€427.1m€204.2m€5.7m26x75.2x2.1x
Sat, 30 Sep 2023€458.1m€201.0m€5.6m26.6x82.4x2.3x
Mon, 28 Aug 2023€462.1m€190.4m€5.3m24.8x86.8x2.4x
Wed, 26 Jul 2023€461.6m€189.7m€5.0m25.4x92.2x2.4x
Fri, 23 Jun 2023€433.8m€165.1m€5.7m24.7x75.7x2.6x
Sun, 21 May 2023€426.9m€165.1m€5.7m23.1x74.5x2.6x
Tue, 18 Apr 2023€433.3m€165.1m€5.7m23.1x75.6x2.6x
Thu, 16 Mar 2023€452.9m€154.7m€8.7m18.6x52.1x2.9x
Sat, 11 Feb 2023€450.6m€238.5m€7.5m19x60.2x1.9x
Mon, 09 Jan 2023€456.2m€238.5m€7.5m19.1x60.9x1.9x
Wed, 07 Dec 2022€452.7m€235.5m€8.2m18.5x55.5x1.9x
Fri, 04 Nov 2022€451.2m€235.5m€8.2m17.2x55.4x1.9x
Sun, 02 Oct 2022€435.1m€149.1m€9.6m16.1x45.1x2.9x
Tue, 30 Aug 2022€491.2m€144.1m€8.9m21.4x55.3x3.4x
Thu, 28 Jul 2022€447.5m€135.4m€7.1m22.8x63.2x3.3x
Sat, 25 Jun 2022€433.1m€135.4m€7.1m22.7x61.2x3.2x
Mon, 23 May 2022€447.4m€135.4m€7.1m22.8x63.2x3.3x
Wed, 20 Apr 2022€469.4m€154.9m€5.3m23.6x89.4x3x
Fri, 18 Mar 2022€439.1m€148.4m€4.7m27.8x92.5x3x
Price to Earnings Ratio

92.5x


Total Market Cap: €439.1mTotal Earnings: €4.7mTotal Revenue: €148.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Commercial Services Industry Price to Earnings3Y Average 69.9x202320242025
Current Industry PE
  • Investors are optimistic on the Belgian Commercial Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 120x which is higher than its 3-year average PE of 69.8x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have declined 16% per year over the last three years.
  • Meanwhile revenues for these companies have grown 20% 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 Industrials industry?

BE Market-2.41%
Industrials-0.65%
Commercial Services-2.59%
Diversified Support Services43.08%
Commercial Printing0%0
Office Services and Supplies0%0
Environmental and Facilities Services-15.13%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry, which is trading close to its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings growth of 5.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 71% over the next 5 years.
  • This is better than its past earnings growth rate of 41% per year.
  • In contrast, the Diversified Support Services industry is expected to see its earnings grow by 11% 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
SMAR Smartphoto Group€27.9043.1%
+€29.7m
-1.1%PE16.2x
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Latest News

EKOP

€11.40

Ekopak

7D

-17.7%

1Y

-34.9%

SMAR

€27.90

Smartphoto Group

7D

43.1%

1Y

-1.1%

ABO

€4.30

ABO-Group Environment

7D

-4.0%

1Y

-24.6%