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
Fri, 01 Dec 2023	€22.0b	€40.4b	€2.1b	12.1x	10.6x	0.5x
Sun, 29 Oct 2023	€20.2b	€41.8b	€2.3b	11.1x	8.8x	0.5x
Tue, 26 Sep 2023	€21.0b	€41.8b	€2.3b	10.7x	9.1x	0.5x
Thu, 24 Aug 2023	€22.1b	€41.5b	€2.4b	11.5x	9.2x	0.5x
Sat, 22 Jul 2023	€23.1b	€45.2b	€3.2b	11.4x	7.2x	0.5x
Mon, 19 Jun 2023	€23.1b	€45.2b	€3.2b	8.6x	7.2x	0.5x
Wed, 17 May 2023	€23.1b	€45.2b	€3.2b	8.5x	7.2x	0.5x
Fri, 14 Apr 2023	€24.3b	€45.3b	€3.3b	8.6x	7.4x	0.5x
Sun, 12 Mar 2023	€24.5b	€45.1b	€3.3b	8x	7.4x	0.5x
Tue, 07 Feb 2023	€25.7b	€44.7b	€3.2b	8.4x	8.1x	0.6x
Thu, 05 Jan 2023	€23.5b	€44.7b	€3.2b	5.6x	7.4x	0.5x
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

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 10.6x which is higher than its 3-year average PE of 4.6x.

The industry is trading close to its 3-year average PS ratio of 0.61x.

Past Earnings Growth

Total earnings for the Chemicals industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 7.2% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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


BE Market	-0.91%
Materials	1.94%
Chemicals	2.10%
Fertilizers and Agricultural Chemicals	61.70%
Specialty Chemicals	3.06%
Commodity Chemicals	2.06%
Diversified Chemicals	1.40%
Industrial Gases	0%

Industry PE

Forecasted Growth

Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 86% over the next 5 years.
This is better than its past earnings decline of 22% per year.

In contrast, the Specialty Chemicals industry is expected to see its earnings growth to stay flat 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
SOLB Solvay	€106.15	1.8% +€201.2m	12.7%	PE10.4x
UMI Umicore	€24.53	3.1% +€175.5m	-29.5%	PE12.2x
SOLV Solvac	€114.00	1.8% +€42.8m	11.8%	PE6x
BTLS Biotalys	€3.04	61.7% +€37.2m	-56.6%	PB2.8x
RECT Recticel	€10.08	3.3% +€17.9m	-33.2%	PS1x