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Belgian (BEL20) Chemicals Industry Analysis
UpdatedNov 05, 2025
DataAggregated Company Financials
Companies9
- 7D-2.1%
- 3M-2.6%
- 1Y-6.2%
- YTD6.4%
Over the last 7 days, the Chemicals industry has dropped 2.1%, driven by Umicore declining 3.9%. Meanwhile, Biotalys actually outperformed within the industry, gaining 22% in the last week. Overall the industry is down 6.2% in 12 months. Earnings are forecast to grow by 40% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 05 Nov 2025 | €17.3b | €30.5b | €265.0m | 24.8x | 65.3x | 0.6x |
| Fri, 03 Oct 2025 | €17.1b | €30.5b | €265.0m | 24.6x | 64.4x | 0.6x |
| Sun, 31 Aug 2025 | €17.6b | €30.5b | €266.6m | 23x | 66.1x | 0.6x |
| Tue, 29 Jul 2025 | €17.5b | €29.4b | -€1,256,412,335.00 | 28.3x | -13.9x | 0.6x |
| Thu, 26 Jun 2025 | €16.3b | €29.4b | -€1,256,412,335.00 | 26.9x | -13x | 0.6x |
| Sat, 24 May 2025 | €15.4b | €29.4b | -€1,256,412,333.00 | 27.7x | -12.3x | 0.5x |
| Mon, 21 Apr 2025 | €14.7b | €29.5b | -€1,127,309,627.00 | 25.2x | -13x | 0.5x |
| Wed, 19 Mar 2025 | €16.8b | €29.5b | -€1,083,777,627.00 | 18.3x | -15.5x | 0.6x |
| Fri, 14 Feb 2025 | €18.2b | €30.4b | -€1,254,357,627.00 | 17.3x | -14.5x | 0.6x |
| Sun, 12 Jan 2025 | €16.2b | €30.4b | -€1,254,357,627.00 | 17.2x | -12.9x | 0.5x |
| Tue, 10 Dec 2024 | €17.8b | €30.4b | -€1,254,357,627.00 | 17.7x | -14.2x | 0.6x |
| Thu, 07 Nov 2024 | €10.1b | €24.2b | -€814,000,627.00 | 25.8x | -12.4x | 0.4x |
| Sat, 05 Oct 2024 | €10.5b | €23.8b | -€1,091,357,627.00 | 26.5x | -9.6x | 0.4x |
| Mon, 02 Sep 2024 | €17.6b | €30.5b | -€1,069,357,627.00 | 37.2x | -16.5x | 0.6x |
| Wed, 31 Jul 2024 | €19.5b | €31.1b | -€958,532,627.00 | 27.4x | -20.3x | 0.6x |
| Fri, 28 Jun 2024 | €20.5b | €33.7b | €736.7m | 22.9x | 27.8x | 0.6x |
| Sun, 26 May 2024 | €22.5b | €34.4b | €782.0m | 19.2x | 28.8x | 0.7x |
| Tue, 23 Apr 2024 | €21.8b | €34.7b | €1.0b | 18.1x | 21x | 0.6x |
| Thu, 21 Mar 2024 | €20.5b | €34.6b | €1.1b | 13.1x | 19.2x | 0.6x |
| Sat, 17 Feb 2024 | €20.7b | €47.8b | €2.8b | 10.9x | 7.3x | 0.4x |
| Mon, 15 Jan 2024 | €22.2b | €47.8b | €2.8b | 11.5x | 7.8x | 0.5x |
| Wed, 13 Dec 2023 | €13.2b | €40.4b | €2.1b | 11.8x | 6.4x | 0.3x |
| Fri, 10 Nov 2023 | €20.8b | €40.4b | €2.1b | 11.6x | 10x | 0.5x |
| Sun, 08 Oct 2023 | €20.7b | €41.8b | €2.3b | 10.8x | 9x | 0.5x |
| Tue, 05 Sep 2023 | €22.1b | €41.8b | €2.3b | 12x | 9.6x | 0.5x |
| Thu, 03 Aug 2023 | €23.7b | €42.3b | €3.1b | 12.4x | 7.6x | 0.6x |
| Sat, 01 Jul 2023 | €22.6b | €45.2b | €3.2b | 10.8x | 7.1x | 0.5x |
| Mon, 29 May 2023 | €22.9b | €45.2b | €3.2b | 8.5x | 7.2x | 0.5x |
| Wed, 26 Apr 2023 | €24.4b | €45.3b | €3.3b | 8.6x | 7.4x | 0.5x |
| Fri, 24 Mar 2023 | €23.5b | €45.1b | €3.3b | 7.5x | 7.1x | 0.5x |
| Sun, 19 Feb 2023 | €25.4b | €44.7b | €3.2b | 8.5x | 8x | 0.6x |
| Tue, 17 Jan 2023 | €25.5b | €44.7b | €3.2b | 8.4x | 8x | 0.6x |
| Thu, 15 Dec 2022 | €23.0b | €44.7b | €3.2b | 5.4x | 7.2x | 0.5x |
| Sat, 12 Nov 2022 | €23.6b | €44.7b | €3.2b | 5.4x | 7.4x | 0.5x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are optimistic on the Belgian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 65.3x which is higher than its 3-year average PE of 7.4x.
- The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 56% per year over the last three years,
- Revenues have also declined 12% 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 industry?
| BE Market | -0.12% | |
| Materials | -1.43% | |
| Chemicals | -2.11% | |
| Fertilizers and Agricultural Chemicals | 21.86% | |
| Industrial Gases | 0% | 0 |
| Diversified Chemicals | -1.51% | |
| Specialty Chemicals | -2.51% | |
| Commodity Chemicals | -3.19% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 29.7x.
- Analysts are expecting annual earnings growth of 43.5%, which is higher than its past year's earnings decline of 39.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 40% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 7.3% 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 | |
|---|---|---|---|---|---|
| BTLS Biotalys | €5.24 | 21.9% +€35.3m | 69.0% | PB9.9x | |
| TESB Tessenderlo Group | €26.80 | 2.1% +€32.6m | 7.6% | PS0.6x |
