Is It Too Late To Consider Buying Umicore SA (EBR:UMI)?
Umicore SA ( EBR:UMI ) saw significant share price movement during recent months on the ENXTBR, rising to highs of...
Has the Belgian Chemicals Industry valuation changed over the past few years?
|Sun, 05 Dec 2021||€25.7b||€37.1b||€1.4b||14.6x|
|Tue, 02 Nov 2021||€27.5b||€37.1b||€1.4b||14.3x|
|Thu, 30 Sep 2021||€28.3b||€36.5b||€1.4b||15.4x|
|Sat, 28 Aug 2021||€30.5b||€36.5b||€1.4b||16.5x|
|Sun, 04 Jul 2021||€28.3b||€36.5b||€1.4b||16.1x|
|Wed, 07 Apr 2021||€24.2b||€34.4b||-€764,081,053.00||26.8x|
|Sat, 09 Jan 2021||€21.5b||€33.0b||-€898,965,553.00||14.2x|
|Fri, 02 Oct 2020||€18.0b||€32.8b||-€922,574,731.00||43.9x|
|Mon, 06 Jul 2020||€19.1b||€33.1b||-€1,512,866,731.00||40.2x|
|Thu, 09 Apr 2020||€15.9b||€32.5b||€245.8m||26.4x|
|Wed, 01 Jan 2020||€25.5b||€31.6b||€314.5m||36.2x|
|Sat, 05 Oct 2019||€22.4b||€30.7b||€694.1m||22x|
|Tue, 09 Jul 2019||€20.5b||€29.7b||€1.5b||15.9x|
|Mon, 01 Apr 2019||€23.8b||€28.9b||€1.5b||14.1x|
|Thu, 03 Jan 2019||€21.4b||€28.2b||€1.4b||13.5x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 14.5x which is lower than its 3-year average PE of 24.3x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: The earnings for companies in the Chemicals industry have remained mostly flat over the last three years, while revenues for these companies have grown 11% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Which industries have driven the changes within the Belgian Chemicals industry?
|Fertilizers and Agricultural Chemicals||1.74%|
Industry PE: Investors are most optimistic about the Commodity Chemicals industry even though it's trading below its 3-year average PE ratio of 25.6x. This is likely because analysts are expecting annual earnings growth of 24% and investors are willing to pay a premium for that growth. Meanwhile, investors are most pessimistic about the Specialty Chemicals industry, which is trading below its 3-year average of 38.9x.
Forecasted Growth: Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 24% over the next 5 years. Meanwhile, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 18% per year over the next few years.