Viohalco S.A. (EBR:VIO) Surges 31% Yet Its Low P/E Is No Reason For Excitement
Nov 22
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Belgian (BEL20) Materials Sector Analysis
UpdatedNov 23, 2025
DataAggregated Company Financials
Companies16
- 7D-3.5%
- 3M-2.1%
- 1Y9.4%
- YTD9.5%
Over the last 7 days, the Materials industry has dropped 3.5%, driven by a pullback from Umicore of 16%. Meanwhile, Viohalco actually outperformed within the industry, gaining 6.9% in the last week. Over the past 12 months, the industry was up 9.4%. Earnings are forecast to grow by 37% annually.
Sector Valuation and Performance
Has the Belgian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Nov 2025 | €23.3b | €44.1b | €831.6m | 16.4x | 28x | 0.5x |
| Tue, 21 Oct 2025 | €23.7b | €44.3b | €776.6m | 18x | 30.5x | 0.5x |
| Thu, 18 Sep 2025 | €22.6b | €44.0b | €736.4m | 17.8x | 30.7x | 0.5x |
| Sat, 16 Aug 2025 | €23.6b | €43.6b | €852.4m | 17.4x | 27.6x | 0.5x |
| Mon, 14 Jul 2025 | €23.2b | €42.7b | -€675,530,335.00 | 16.6x | -34.4x | 0.5x |
| Wed, 11 Jun 2025 | €21.9b | €42.7b | -€675,530,335.00 | 15.1x | -32.5x | 0.5x |
| Fri, 09 May 2025 | €20.4b | €42.7b | -€573,781,627.00 | 13.1x | -35.6x | 0.5x |
| Sun, 06 Apr 2025 | €19.6b | €42.4b | -€649,093,627.00 | 15.2x | -30.1x | 0.5x |
| Tue, 04 Mar 2025 | €21.8b | €42.4b | -€812,473,627.00 | 14.7x | -26.8x | 0.5x |
| Thu, 30 Jan 2025 | €22.3b | €43.3b | -€702,975,627.00 | 14.4x | -31.7x | 0.5x |
| Sat, 28 Dec 2024 | €21.7b | €43.3b | -€702,975,627.00 | 12.9x | -30.9x | 0.5x |
| Mon, 25 Nov 2024 | €14.6b | €36.5b | -€625,865,317.00 | 14.8x | -23.4x | 0.4x |
| Wed, 23 Oct 2024 | €16.4b | €36.5b | -€549,052,317.00 | 17.4x | -29.9x | 0.4x |
| Fri, 20 Sep 2024 | €24.0b | €43.3b | -€564,514,317.00 | 17x | -42.5x | 0.6x |
| Sun, 18 Aug 2024 | €23.7b | €43.5b | -€590,702,317.00 | 18.6x | -40.1x | 0.5x |
| Tue, 16 Jul 2024 | €26.1b | €46.7b | €1.2b | 18.3x | 21.8x | 0.6x |
| Thu, 13 Jun 2024 | €28.2b | €47.1b | €1.5b | 17.9x | 19.1x | 0.6x |
| Sat, 11 May 2024 | €30.0b | €47.7b | €1.4b | 18.2x | 20.9x | 0.6x |
| Mon, 08 Apr 2024 | €28.5b | €47.8b | €1.5b | 18.1x | 19x | 0.6x |
| Wed, 06 Mar 2024 | €26.6b | €57.0b | €3.3b | 11x | 8.1x | 0.5x |
| Fri, 02 Feb 2024 | €27.7b | €62.4b | €3.3b | 11.7x | 8.3x | 0.4x |
| Sun, 31 Dec 2023 | €30.9b | €63.0b | €3.3b | 12.4x | 9.3x | 0.5x |
| Tue, 28 Nov 2023 | €27.6b | €55.0b | €2.6b | 11.9x | 10.7x | 0.5x |
| Thu, 26 Oct 2023 | €25.7b | €56.4b | €2.8b | 11x | 9.3x | 0.5x |
| Sat, 23 Sep 2023 | €27.4b | €56.7b | €2.9b | 11.1x | 9.5x | 0.5x |
| Mon, 21 Aug 2023 | €28.3b | €56.3b | €3.0b | 11.5x | 9.5x | 0.5x |
| Wed, 19 Jul 2023 | €29.1b | €60.2b | €3.8b | 8.9x | 7.6x | 0.5x |
| Fri, 16 Jun 2023 | €29.7b | €60.2b | €3.8b | 8x | 7.8x | 0.5x |
| Sun, 14 May 2023 | €29.3b | €60.2b | €3.9b | 7.2x | 7.6x | 0.5x |
| Tue, 11 Apr 2023 | €29.3b | €60.2b | €4.0b | 6.9x | 7.4x | 0.5x |
| Thu, 09 Mar 2023 | €30.8b | €58.9b | €3.9b | 7.6x | 7.9x | 0.5x |
| Sat, 04 Feb 2023 | €31.9b | €58.2b | €3.9b | 6.1x | 8.1x | 0.5x |
| Mon, 02 Jan 2023 | €27.9b | €58.2b | €3.9b | 4.9x | 7.1x | 0.5x |
| Wed, 30 Nov 2022 | €27.8b | €58.2b | €3.9b | 4.9x | 7x | 0.5x |
Price to Earnings Ratio
7x
Current Industry PE
- Investors are pessimistic on the Belgian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.0x which is higher than its 3-year average PE of -2.2x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 40% per year over the last three years,
- Revenues have also declined 8.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Belgian Materials sector?
| BE Market | -0.17% | |
| Materials | -3.46% | |
| Metals and Mining | 3.24% | |
| Basic Materials | 0% | 0 |
| Packaging | 0% | 0 |
| Chemicals | -5.79% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 8.2x.
- Analysts are expecting annual earnings growth of 39.3%, which is higher than its past year's earnings growth of 23.7% per year.
- Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.9x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 39% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the Metals and Mining industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| VIO Viohalco | €10.44 | 6.9% +€173.7m | 100.0% | PE11.9x | |
| SOLB Solvay | €27.76 | 0.9% +€25.1m | -11.2% | PE18.8x | |
| BEKB NV Bekaert | €36.05 | 0.8% +€14.9m | 10.9% | PE10.3x | |
| 094426466 SCR-Sibelco | €4.64k | 0.4% +€6.9m | -5.3% | PE25.3x | |
| CAMB Campine | €215.00 | 1.9% +€6.0m | 151.5% | PE6.8x |
