At €94.20, Is Solvay SA (EBR:SOLB) Worth Looking At Closely?
Dec 02
Belgian (BEL20) Chemicals Industry Analysis
UpdatedDec 03, 2022
DataAggregated Company Financials
Companies7
- 7D0.3%
- 3M12.7%
- 1Y-10.3%
- YTD-5.4%
Over the last 7 days, the Chemicals industry has remained flat, although notably Umicore gained 3.6%. Unfortunately though, the industry is down 10% over the past 12 months. As for the next few years, earnings are forecast to decline by 10.0% per annum.
Industry Valuation and Performance
Has the Belgian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 03 Dec 2022 | €23.1b | €44.7b | €3.2b | 5.4x | 7.2x | 0.5x |
| Mon, 31 Oct 2022 | €22.0b | €43.1b | €3.0b | 5.5x | 7.4x | 0.5x |
| Wed, 28 Sep 2022 | €19.5b | €43.1b | €3.0b | 5.1x | 6.5x | 0.5x |
| Fri, 26 Aug 2022 | €21.0b | €42.9b | €2.8b | 7.1x | 7.6x | 0.5x |
| Sun, 24 Jul 2022 | €20.9b | €40.0b | €2.3b | 7.2x | 9x | 0.5x |
| Tue, 21 Jun 2022 | €22.0b | €40.0b | €2.3b | 7.1x | 9.5x | 0.6x |
| Thu, 19 May 2022 | €24.3b | €40.0b | €2.3b | 7.8x | 10.5x | 0.6x |
| Sat, 16 Apr 2022 | €23.4b | €38.9b | €2.1b | 8.7x | 11.3x | 0.6x |
| Mon, 14 Mar 2022 | €23.0b | €38.7b | €2.0b | 11.3x | 11.5x | 0.6x |
| Wed, 09 Feb 2022 | €24.2b | €37.1b | €1.4b | 15.4x | 17.1x | 0.7x |
| Fri, 07 Jan 2022 | €24.6b | €37.1b | €1.4b | 15.3x | 17.4x | 0.7x |
| Sun, 05 Dec 2021 | €25.7b | €37.1b | €1.4b | 14.6x | 18.2x | 0.7x |
| Tue, 02 Nov 2021 | €27.5b | €37.1b | €1.4b | 14.3x | 19.4x | 0.7x |
| Thu, 30 Sep 2021 | €28.3b | €36.5b | €1.4b | 15.4x | 20.6x | 0.8x |
| Sat, 28 Aug 2021 | €30.5b | €36.5b | €1.4b | 16.5x | 22.2x | 0.8x |
| Sun, 04 Jul 2021 | €28.3b | €36.5b | €1.4b | 16.1x | 20.3x | 0.8x |
| Wed, 07 Apr 2021 | €24.2b | €34.4b | -€764,081,053.00 | 26.8x | -31.7x | 0.7x |
| Sat, 09 Jan 2021 | €21.5b | €33.0b | -€898,965,553.00 | 14.2x | -23.9x | 0.7x |
| Fri, 02 Oct 2020 | €18.0b | €32.8b | -€922,574,731.00 | 43.9x | -19.5x | 0.5x |
| Mon, 06 Jul 2020 | €19.1b | €33.1b | -€1,512,866,731.00 | 40.2x | -12.6x | 0.6x |
| Thu, 09 Apr 2020 | €15.9b | €32.5b | €245.8m | 26.4x | 64.9x | 0.5x |
| Wed, 01 Jan 2020 | €25.5b | €31.6b | €314.5m | 36.2x | 81x | 0.8x |
Price to Earnings Ratio
35.4x
Current Industry PE
- Investors are pessimistic on the Belgian Chemicals 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 7.2x which is lower than its 3-year average PE of 11.5x.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 66% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Belgian Materials industry?
| BE Market | 1.62% | |
| Materials | 0.67% | |
| Chemicals | 0.32% | |
| Fertilizers and Agricultural Chemicals | 7.36% | |
| Specialty Chemicals | 3.56% | |
| Commodity Chemicals | 0.26% | |
| Industrial Gases | 0% | |
| Diversified Chemicals | -2.09% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 33.3x.
- Analysts are expecting annual earnings decline of 6.4%, which is lower than the prior year's growth of 12.6% per year.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Commodity Chemicals industry since they expect its earnings to decline by only 0.7% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 174% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 14% 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 | €35.52 | 3.6% +€292.9m | -17.8% | PE16.2x | |
| BTLS Biotalys | €7.00 | 7.4% +€14.9m | -0.3% | PB4.3x | |
| REC Recticel | €15.22 | 0.9% +€7.8m | -6.0% | PE19x |
