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Belgian (BEL20) Materials Sector Analysis

UpdatedOct 08, 2025
DataAggregated Company Financials
Companies16
  • 7D0.3%
  • 3M1.1%
  • 1Y0.2%
  • YTD8.4%

Over the last 7 days, the Materials industry has remained flat, although notably Viohalco gained 5.7%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 40% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Oct 2025€23.1b€44.3b€776.6m17.4x29.7x0.5x
Fri, 05 Sep 2025€22.9b€44.0b€739.8m18.1x30.9x0.5x
Sun, 03 Aug 2025€22.4b€43.6b€852.4m16x26.3x0.5x
Tue, 01 Jul 2025€21.7b€42.7b-€675,530,335.0016.7x-32.1x0.5x
Thu, 29 May 2025€21.1b€42.7b-€675,530,333.0014.8x-31.2x0.5x
Sat, 26 Apr 2025€20.4b€42.7b-€573,781,627.0014.4x-35.6x0.5x
Mon, 24 Mar 2025€22.1b€42.4b-€602,393,627.0016.5x-36.7x0.5x
Wed, 19 Feb 2025€23.7b€42.4b-€872,750,627.0015x-27.1x0.6x
Fri, 17 Jan 2025€22.3b€43.3b-€702,975,627.0013.7x-31.7x0.5x
Sun, 15 Dec 2024€22.5b€43.3b-€706,865,317.0014.7x-31.8x0.5x
Tue, 12 Nov 2024€15.5b€34.7b-€750,052,317.0016.7x-20.7x0.4x
Thu, 10 Oct 2024€16.2b€36.5b-€549,052,317.0017x-29.5x0.4x
Sat, 07 Sep 2024€22.9b€43.3b-€564,514,317.0016.8x-40.6x0.5x
Mon, 05 Aug 2024€24.1b€43.5b-€590,702,317.0017.8x-40.8x0.6x
Wed, 03 Jul 2024€26.2b€46.7b€1.2b18.4x21.8x0.6x
Fri, 31 May 2024€29.0b€47.4b€1.2b17.1x23.3x0.6x
Sun, 28 Apr 2024€28.6b€47.8b€1.5b18.3x19.1x0.6x
Tue, 26 Mar 2024€28.1b€47.8b€1.5b13.1x18.3x0.6x
Thu, 22 Feb 2024€27.4b€58.1b€3.2b11.8x8.5x0.5x
Sat, 20 Jan 2024€27.1b€62.4b€3.3b11.3x8.2x0.4x
Mon, 18 Dec 2023€29.9b€55.0b€2.6b12.2x11.6x0.5x
Wed, 15 Nov 2023€27.1b€55.1b€2.5b11.6x10.7x0.5x
Fri, 13 Oct 2023€26.5b€56.4b€2.8b11.7x9.6x0.5x
Sun, 10 Sep 2023€27.9b€56.7b€2.9b11.6x9.7x0.5x
Tue, 08 Aug 2023€29.6b€56.3b€3.0b11.9x10x0.5x
Thu, 06 Jul 2023€28.6b€60.2b€3.8b8.7x7.5x0.5x
Sat, 03 Jun 2023€28.8b€60.2b€3.8b7.6x7.5x0.5x
Mon, 01 May 2023€29.9b€60.2b€4.0b7.2x7.6x0.5x
Wed, 29 Mar 2023€29.2b€60.2b€4.0b7x7.4x0.5x
Fri, 24 Feb 2023€30.5b€58.4b€4.0b6x7.6x0.5x
Sun, 22 Jan 2023€30.6b€58.2b€3.9b5.6x7.7x0.5x
Tue, 20 Dec 2022€27.8b€58.2b€3.9b4.8x7.1x0.5x
Thu, 17 Nov 2022€28.0b€58.6b€4.0b4.8x7x0.5x
Sat, 15 Oct 2022€25.4b€57.0b€3.8b5x6.7x0.4x
Price to Earnings Ratio

6.7x


Total Market Cap: €25.4bTotal Earnings: €3.8bTotal Revenue: €57.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Materials Sector Price to Earnings3Y Average -3.2x202320242025
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 29.7x which is higher than its 3-year average PE of -3.2x.
  • 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 41% per year over the last three years,
  • Revenues have also declined 8.0% 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 Market2.14%
Materials0.31%
Metals and Mining3.09%
Basic Materials0%0
Packaging0%0
Chemicals-0.66%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 5.9x.
    • Analysts are expecting annual earnings growth of 43.4%, which is lower than the prior year's growth of 87.1% 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 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 43% over the next 5 years.
  • However this is lower than its past earnings growth rate of 87% per year.
  • In contrast, the Metals and Mining industry is expected to see its earnings grow by 18% 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
UMI Umicore€16.278.8%
+€315.1m
44.6%PE30.4x
VIO Viohalco€8.057.3%
+€142.6m
43.8%PE9.2x
BEKB NV Bekaert€40.101.8%
+€35.0m
12.2%PE11.5x
SOLV Solvac€87.001.2%
+€21.4m
-13.9%PE14.8x
TESB Tessenderlo Group€26.001.0%
+€14.8m
4.6%PS0.6x