Narrative Update • Jul 22
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- 7D3.1%
- 3M14.1%
- 1Y1.3%
- YTD-0.2%
Over the last 7 days, the Chemicals industry has risen 3.1%, driven by gains from Syensqo of 4.0%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | €17.9b | €32.7b | €336.2m | 13x | 53.3x | 0.5x |
| Wed, 24 Jun 2026 | €17.9b | €32.7b | €336.2m | 13.6x | 53.1x | 0.5x |
| Fri, 22 May 2026 | €18.3b | €32.7b | €337.2m | 15.5x | 54.2x | 0.6x |
| Sun, 19 Apr 2026 | €16.0b | €32.9b | €357.1m | 43.2x | 44.7x | 0.5x |
| Tue, 17 Mar 2026 | €14.4b | €32.8b | €411.7m | 42.6x | 34.9x | 0.4x |
| Thu, 12 Feb 2026 | €19.5b | €30.3b | €320.0m | 27.4x | 60.9x | 0.6x |
| Sat, 10 Jan 2026 | €18.1b | €30.3b | €320.0m | 27.3x | 56.7x | 0.6x |
| Mon, 08 Dec 2025 | €17.2b | €30.3b | €320.0m | 23.9x | 53.7x | 0.6x |
| 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 |
Price to Earnings Ratio
7.6x
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 53.3x which is higher than its 3-year average PE of 17.7x.
- 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 52% per year over the last three years,
- Revenues have also declined 8.3% 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 | 1.61% | |
| Materials | 2.61% | |
| Chemicals | 3.13% | |
| Specialty Chemicals | 4.33% | |
| Commodity Chemicals | 2.65% | |
| Industrial Gases | 0% | 0 |
| Diversified Chemicals | -0.079% | |
| Fertilizers and Agricultural Chemicals | -0.17% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 45.8x.
- Analysts are expecting annual earnings growth of 27.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 55% over the next 5 years.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 9.1% 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 | €20.28 | 5.1% +€235.8m | 37.6% | PE12.7x | |
| SYENS Syensqo | €71.05 | 2.7% +€193.7m | 1.5% | PS1.2x | |
| SOLB Solvay | €26.42 | 2.4% +€64.9m | -9.0% | PS0.6x | |
| SOLV Solvac | €77.50 | 3.3% +€53.4m | -14.3% | PE13.2x | |
| TESB Tessenderlo Group | €20.80 | 0.5% +€5.9m | -23.2% | PS0.4x |
