Belgian (BEL20) Chemicals Industry Analysis

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
Tue, 15 Apr 2025	€14.4b	€29.5b	-€1,127,309,627.00	25.3x	-12.8x	0.5x
Thu, 13 Mar 2025	€16.1b	€29.5b	-€1,083,777,627.00	17.9x	-14.9x	0.5x
Sat, 08 Feb 2025	€17.7b	€30.4b	-€1,254,357,627.00	17.1x	-14.1x	0.6x
Mon, 06 Jan 2025	€16.3b	€30.4b	-€1,254,357,627.00	16.8x	-13x	0.5x
Wed, 04 Dec 2024	€17.1b	€30.4b	-€1,254,357,627.00	17.1x	-13.6x	0.6x
Fri, 01 Nov 2024	€10.4b	€23.8b	-€1,091,357,627.00	25.8x	-9.5x	0.4x
Sun, 29 Sep 2024	€18.7b	€30.5b	-€1,069,357,627.00	35.7x	-17.5x	0.6x
Tue, 27 Aug 2024	€17.3b	€30.5b	-€1,069,357,627.00	37.2x	-16.1x	0.6x
Thu, 25 Jul 2024	€20.0b	€33.7b	€736.7m	23.3x	27.1x	0.6x
Sat, 22 Jun 2024	€20.5b	€34.1b	€1.0b	22.4x	20.2x	0.6x
Mon, 20 May 2024	€23.0b	€34.4b	€782.0m	19.3x	29.4x	0.7x
Wed, 17 Apr 2024	€22.1b	€34.7b	€1.0b	18.3x	21.4x	0.6x
Fri, 15 Mar 2024	€19.7b	€34.6b	€1.1b	12.9x	18.5x	0.6x
Sun, 11 Feb 2024	€20.3b	€47.8b	€2.8b	10.8x	7.2x	0.4x
Tue, 09 Jan 2024	€22.9b	€47.8b	€2.8b	12x	8.1x	0.5x
Thu, 07 Dec 2023	€22.4b	€40.4b	€2.1b	11.7x	10.8x	0.6x
Sat, 04 Nov 2023	€20.9b	€41.8b	€2.3b	11.9x	9.1x	0.5x
Mon, 02 Oct 2023	€21.2b	€41.8b	€2.3b	11.2x	9.2x	0.5x
Wed, 30 Aug 2023	€21.7b	€41.8b	€2.3b	12.3x	9.3x	0.5x
Fri, 28 Jul 2023	€23.5b	€45.2b	€3.2b	11.5x	7.4x	0.5x
Sun, 25 Jun 2023	€22.2b	€45.2b	€3.2b	8.3x	6.9x	0.5x
Tue, 23 May 2023	€23.4b	€45.2b	€3.2b	8.6x	7.3x	0.5x
Thu, 20 Apr 2023	€24.7b	€45.3b	€3.3b	8.6x	7.5x	0.5x
Sat, 18 Mar 2023	€22.9b	€45.1b	€3.3b	7.5x	6.9x	0.5x
Mon, 13 Feb 2023	€25.4b	€44.7b	€3.2b	8.5x	8x	0.6x
Wed, 11 Jan 2023	€23.9b	€44.7b	€3.2b	5.7x	7.5x	0.5x
Fri, 09 Dec 2022	€22.4b	€44.7b	€3.2b	5.3x	7x	0.5x
Sun, 06 Nov 2022	€22.4b	€44.7b	€3.2b	5.3x	7x	0.5x
Tue, 04 Oct 2022	€20.1b	€43.1b	€3.0b	5.1x	6.7x	0.5x
Thu, 01 Sep 2022	€20.4b	€42.9b	€2.8b	7x	7.4x	0.5x
Sat, 30 Jul 2022	€21.9b	€41.4b	€2.8b	7.2x	7.8x	0.5x
Mon, 27 Jun 2022	€20.4b	€40.0b	€2.3b	7x	8.8x	0.5x
Wed, 25 May 2022	€23.6b	€40.0b	€2.3b	7.5x	10.2x	0.6x
Fri, 22 Apr 2022	€23.7b	€38.9b	€2.1b	8.9x	11.4x	0.6x

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 close to its 3-year average PS ratio of 0.53x.

Past Earnings Growth

Total earnings for the Chemicals industry have declined over the last three years, with the industry now making a loss overall.
Revenues have also declined 8.8% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Belgian Materials industry?


BE Market	4.00%
Materials	2.46%
Chemicals	1.93%
Fertilizers and Agricultural Chemicals	6.42%
Diversified Chemicals	3.81%
Specialty Chemicals	1.41%
Industrial Gases	0%	0
Commodity Chemicals	-0.68%

Industry PE

Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 9.4x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Forecasted Growth

Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 53% over the next 5 years.
However this is lower than its past earnings growth rate of 110% per year.

In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 19% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
SYENS Syensqo	€57.78	2.2% +€130.4m	-35.3%	PS0.9x
TESB Tessenderlo Group	€24.05	8.6% +€114.2m	1.3%	PE33.8x
SOLB Solvay	€30.66	1.8% +€56.4m	4.1%	PE14.4x
BTLS Biotalys	€3.15	6.4% +€7.1m	-1.9%	PB4.3x

Company

Last Price

Valuation

SYENS Syensqo

€57.78

2.2%
+€130.4m

-35.3%

PS0.9x

TESB Tessenderlo Group

€24.05

8.6%
+€114.2m

1.3%