Narrative Update • Aug 05
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Belgian (BEL20) Materials Sector Analysis
UpdatedAug 08, 2026
DataAggregated Company Financials
Companies16
- 7D3.5%
- 3M11.9%
- 1Y19.6%
- YTD11.8%
Over the last 7 days, the Materials industry has risen 3.5%, driven by gains from Umicore of 10%. In the last 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | €28.2b | €52.3b | €1.0b | 12.6x | 27.5x | 0.5x |
| Mon, 06 Jul 2026 | €26.3b | €46.7b | €861.4m | 12.8x | 30.6x | 0.6x |
| Wed, 03 Jun 2026 | €28.7b | €46.6b | €841.9m | 14.9x | 34x | 0.6x |
| Fri, 01 May 2026 | €23.5b | €46.8b | €862.8m | 14.4x | 27.2x | 0.5x |
| Sun, 29 Mar 2026 | €21.3b | €46.8b | €917.3m | 12.5x | 23.2x | 0.5x |
| Tue, 24 Feb 2026 | €26.2b | €47.1b | €1.0b | 16.1x | 25.1x | 0.6x |
| Thu, 22 Jan 2026 | €25.3b | €43.8b | €788.5m | 16.9x | 32.1x | 0.6x |
| Sat, 20 Dec 2025 | €24.3b | €43.8b | €788.5m | 17.4x | 30.9x | 0.6x |
| Mon, 17 Nov 2025 | €24.1b | €44.1b | €831.6m | 16.5x | 29x | 0.5x |
| Wed, 15 Oct 2025 | €23.4b | €44.3b | €776.6m | 18.3x | 30.1x | 0.5x |
| Fri, 12 Sep 2025 | €22.8b | €44.0b | €739.8m | 18x | 30.8x | 0.5x |
| Sun, 10 Aug 2025 | €23.6b | €43.6b | €852.4m | 16.6x | 27.7x | 0.5x |
| Tue, 08 Jul 2025 | €22.4b | €42.7b | -€675,530,335.00 | 15.3x | -33.2x | 0.5x |
| Thu, 05 Jun 2025 | €21.2b | €42.7b | -€675,530,335.00 | 14.8x | -31.5x | 0.5x |
| Sat, 03 May 2025 | €20.8b | €42.7b | -€573,781,627.00 | 13.9x | -36.3x | 0.5x |
| Mon, 31 Mar 2025 | €21.6b | €42.4b | -€649,093,627.00 | 17.1x | -33.3x | 0.5x |
| Wed, 26 Feb 2025 | €22.6b | €42.4b | -€872,750,627.00 | 14.8x | -25.9x | 0.5x |
| Fri, 24 Jan 2025 | €22.2b | €43.3b | -€702,975,627.00 | 14.4x | -31.5x | 0.5x |
| Sun, 22 Dec 2024 | €21.5b | €43.3b | -€702,975,627.00 | 13.2x | -30.5x | 0.5x |
| Tue, 19 Nov 2024 | €14.8b | €36.4b | -€631,052,317.00 | 16x | -23.5x | 0.4x |
| Thu, 17 Oct 2024 | €16.4b | €36.5b | -€549,052,317.00 | 17.3x | -29.8x | 0.4x |
| Sat, 14 Sep 2024 | €23.0b | €43.3b | -€538,451,317.00 | 16.8x | -42.7x | 0.5x |
| Mon, 12 Aug 2024 | €23.6b | €43.5b | -€590,702,317.00 | 18x | -40x | 0.5x |
| Wed, 10 Jul 2024 | €26.2b | €46.7b | €1.2b | 18.4x | 21.9x | 0.6x |
| Fri, 07 Jun 2024 | €28.1b | €47.1b | €1.5b | 18.1x | 19x | 0.6x |
| Sun, 05 May 2024 | €29.2b | €47.8b | €1.5b | 17.4x | 19.4x | 0.6x |
| Tue, 02 Apr 2024 | €27.8b | €47.8b | €1.5b | 14x | 18.5x | 0.6x |
| Thu, 29 Feb 2024 | €26.9b | €58.1b | €3.2b | 11.5x | 8.3x | 0.5x |
| Sat, 27 Jan 2024 | €28.3b | €62.4b | €3.3b | 11.7x | 8.5x | 0.5x |
| Mon, 25 Dec 2023 | €30.5b | €63.0b | €3.3b | 12.4x | 9.2x | 0.5x |
| Wed, 22 Nov 2023 | €27.3b | €55.1b | €2.5b | 11.6x | 10.8x | 0.5x |
| Fri, 20 Oct 2023 | €26.6b | €56.4b | €2.8b | 11.6x | 9.6x | 0.5x |
| Sun, 17 Sep 2023 | €28.3b | €56.7b | €2.9b | 11.6x | 9.8x | 0.5x |
| Tue, 15 Aug 2023 | €29.0b | €56.3b | €3.0b | 11.8x | 9.7x | 0.5x |
Price to Earnings Ratio
9.7x
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 27.5x which is higher than its 3-year average PE of 3.1x.
- 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 30% per year over the last three years,
- Revenues have also declined 2.5% 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 | 3.48% | |
| Chemicals | 4.88% | |
| Metals and Mining | 0.30% | |
| 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 18.2x.
- Analysts are expecting annual earnings growth of 31.6%, which is lower than the prior year's growth of 149.1% per year.
- Investors are most pessimistic about the Metals and Mining industry, which is trading close to its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 32% over the next 5 years.
- However this is lower than its past earnings growth rate of 149% per year.
- In contrast, the Metals and Mining industry is expected to see its earnings grow by 29% 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 | €23.82 | 10.3% +€534.0m | 71.7% | PE11.8x | |
| SYENS Syensqo | €80.45 | 4.7% +€367.1m | 3.1% | PS1.4x | |
| VIO Viohalco | €18.10 | 2.4% +€108.9m | 196.7% | PE14.7x | |
| SOLB Solvay | €26.78 | 0.8% +€23.0m | -5.9% | PS0.6x | |
| TESB Tessenderlo Group | €21.55 | 0.9% +€11.8m | -19.7% | PS0.5x |
