Narrative Update • May 06
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Belgian (BEL20) Materials Sector Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies15
- 7D7.3%
- 3M-4.0%
- 1Y24.0%
- YTD-0.004%
In the last week, the Materials industry is up 7.3%, with Umicore up 27%. During this same period, the Solvay underperformed, falling 5.8%. This takes the industry's 12 month performance to a gain of 24%. Looking forward, 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, 10 May 2026 | €25.2b | €46.7b | €806.8m | 13.6x | 31.2x | 0.5x |
| Tue, 07 Apr 2026 | €21.4b | €46.8b | €863.4m | 12.8x | 24.7x | 0.5x |
| Thu, 05 Mar 2026 | €23.5b | €46.9b | €920.2m | 16.6x | 25.5x | 0.5x |
| Sat, 31 Jan 2026 | €25.5b | €43.8b | €788.5m | 17.5x | 32.4x | 0.6x |
| Mon, 29 Dec 2025 | €24.6b | €43.8b | €788.5m | 17.5x | 31.3x | 0.6x |
| Wed, 26 Nov 2025 | €23.5b | €43.8b | €788.5m | 16.8x | 29.8x | 0.5x |
| Fri, 24 Oct 2025 | €24.1b | €44.3b | €776.6m | 18.1x | 31x | 0.5x |
| Sun, 21 Sep 2025 | €22.1b | €44.0b | €749.6m | 17.4x | 29.5x | 0.5x |
| Tue, 19 Aug 2025 | €23.5b | €43.6b | €852.4m | 16.5x | 27.6x | 0.5x |
| Thu, 17 Jul 2025 | €22.8b | €42.7b | -€675,530,335.00 | 15.9x | -33.8x | 0.5x |
| Sat, 14 Jun 2025 | €21.4b | €42.7b | -€675,530,335.00 | 14.9x | -31.7x | 0.5x |
| Mon, 12 May 2025 | €20.4b | €42.6b | -€599,781,627.00 | 13.9x | -34.1x | 0.5x |
| Wed, 09 Apr 2025 | €19.2b | €42.4b | -€649,093,627.00 | 14.6x | -29.5x | 0.5x |
| Fri, 07 Mar 2025 | €22.4b | €42.4b | -€812,473,627.00 | 15x | -27.6x | 0.5x |
| Sun, 02 Feb 2025 | €22.5b | €43.3b | -€702,975,627.00 | 14.4x | -32x | 0.5x |
| Tue, 31 Dec 2024 | €21.6b | €43.3b | -€702,975,627.00 | 12.9x | -30.8x | 0.5x |
| Thu, 28 Nov 2024 | €22.2b | €43.3b | -€706,865,317.00 | 15.1x | -31.4x | 0.5x |
| Sat, 26 Oct 2024 | €16.3b | €36.5b | -€549,052,317.00 | 17.2x | -29.7x | 0.4x |
| Mon, 23 Sep 2024 | €23.3b | €43.3b | -€527,052,317.00 | 16.7x | -44.2x | 0.5x |
| Wed, 21 Aug 2024 | €23.5b | €43.5b | -€590,702,317.00 | 18.7x | -39.7x | 0.5x |
| Fri, 19 Jul 2024 | €26.7b | €46.7b | €1.2b | 18.7x | 22.2x | 0.6x |
| Sun, 16 Jun 2024 | €26.7b | €47.1b | €1.5b | 17.6x | 18.1x | 0.6x |
| Tue, 14 May 2024 | €30.2b | €47.7b | €1.4b | 18.2x | 21.1x | 0.6x |
| Thu, 11 Apr 2024 | €28.7b | €47.8b | €1.5b | 17.4x | 19.2x | 0.6x |
| Sat, 09 Mar 2024 | €27.1b | €57.0b | €3.3b | 11x | 8.3x | 0.5x |
| Mon, 05 Feb 2024 | €27.8b | €62.4b | €3.3b | 11.8x | 8.3x | 0.4x |
| Wed, 03 Jan 2024 | €29.9b | €62.4b | €3.3b | 12.3x | 9x | 0.5x |
| Fri, 01 Dec 2023 | €28.1b | €55.0b | €2.6b | 12x | 10.9x | 0.5x |
| Sun, 29 Oct 2023 | €25.7b | €56.4b | €2.8b | 11.1x | 9.3x | 0.5x |
| Tue, 26 Sep 2023 | €26.8b | €56.4b | €2.8b | 11.7x | 9.7x | 0.5x |
| Thu, 24 Aug 2023 | €28.4b | €56.3b | €3.0b | 11.5x | 9.6x | 0.5x |
| Sat, 22 Jul 2023 | €29.2b | €60.2b | €3.8b | 8.8x | 7.6x | 0.5x |
| Mon, 19 Jun 2023 | €29.2b | €60.2b | €3.8b | 8.1x | 7.6x | 0.5x |
| Wed, 17 May 2023 | €28.6b | €60.2b | €3.9b | 7x | 7.4x | 0.5x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are optimistic on the Belgian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of 1.1x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 41% per year over the last three years,
- Revenues have also declined 8.1% 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 | 2.05% | |
| Materials | 7.25% | |
| Metals and Mining | 9.57% | |
| Chemicals | 6.12% | |
| Basic Materials | 0% | 0 |
| Packaging | 0% | 0 |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 14.4x.
- Analysts are expecting annual earnings growth of 37.8%, which is higher than its past year's earnings decline of 10.0% 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 12.1x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 10.0% per year.
- In contrast, the Metals and Mining industry is expected to see its earnings grow by 33% 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 | |
|---|---|---|---|---|---|
| UMI Umicore | €21.82 | 27.0% +€1.1b | 162.6% | PE13.6x | |
| VIO Viohalco | €17.70 | 21.2% +€803.5m | 218.9% | PE19.5x | |
| SYENS Syensqo | €57.30 | 1.7% +€96.9m | -10.9% | PS1x | |
| BEKB NV Bekaert | €43.10 | 2.7% +€56.0m | 22.1% | PE31.2x |
