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Belgian (BEL20) Metals and Mining Industry Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies6
  • 7D0.6%
  • 3M8.9%
  • 1Y21.1%
  • YTD21.3%

Over the last 7 days, the Metals and Mining industry has remained flat, although notably Viohalco gained 7.4%. As for the the longer term, the industry is up 19% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Belgian Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025€6.1b€13.8b€511.6m10.3x11.9x0.4x
Tue, 07 Oct 2025€6.1b€13.5b€469.8m11.2x13x0.5x
Thu, 04 Sep 2025€5.5b€13.5b€473.2m9.9x11.6x0.4x
Sat, 02 Aug 2025€5.4b€13.2b€515.9m11.6x10.5x0.4x
Mon, 30 Jun 2025€5.3b€13.3b€580.9m10.2x9.2x0.4x
Wed, 28 May 2025€5.1b€13.2b€553.5m10.6x9.3x0.4x
Fri, 25 Apr 2025€5.1b€13.2b€553.5m9.9x9.3x0.4x
Sun, 23 Mar 2025€5.9b€12.9b€478.2m13.9x12.3x0.5x
Tue, 18 Feb 2025€5.7b€12.9b€551.4m12.4x10.4x0.4x
Thu, 16 Jan 2025€5.6b€12.9b€551.4m12.3x10.2x0.4x
Sat, 14 Dec 2024€5.2b€12.9b€551.4m10.2x9.5x0.4x
Mon, 11 Nov 2024€5.6b€12.7b€546.2m10.2x10.3x0.4x
Wed, 09 Oct 2024€5.9b€12.7b€546.2m10.6x10.8x0.5x
Fri, 06 Sep 2024€6.1b€12.7b€508.7m10.7x11.9x0.5x
Sun, 04 Aug 2024€6.1b€12.7b€466.7m12.5x13.1x0.5x
Tue, 02 Jul 2024€6.1b€12.9b€466.7m11.7x13x0.5x
Thu, 30 May 2024€6.6b€12.9b€466.7m13.1x14.1x0.5x
Sat, 27 Apr 2024€6.9b€13.1b€471.8m14.3x14.7x0.5x
Mon, 25 Mar 2024€7.1b€13.1b€470.5m14.6x15.2x0.5x
Wed, 21 Feb 2024€7.0b€14.5b€501.8m12.4x13.9x0.5x
Fri, 19 Jan 2024€6.9b€14.5b€501.8m12.1x13.8x0.5x
Sun, 17 Dec 2023€6.2b€14.5b€503.1m11.3x12.2x0.4x
Tue, 14 Nov 2023€5.7b€14.6b€461.6m12.2x12.4x0.4x
Thu, 12 Oct 2023€5.8b€14.6b€461.6m12.6x12.5x0.4x
Sat, 09 Sep 2023€6.2b€14.9b€585.2m9.9x10.6x0.4x
Mon, 07 Aug 2023€6.4b€14.8b€564.7m10.3x11.4x0.4x
Wed, 05 Jul 2023€6.0b€15.0b€634.8m7.8x9.4x0.4x
Fri, 02 Jun 2023€5.8b€14.9b€634.0m7.5x9.1x0.4x
Sun, 30 Apr 2023€5.6b€14.9b€681.3m7.1x8.2x0.4x
Tue, 28 Mar 2023€5.5b€14.9b€681.3m7x8x0.4x
Thu, 23 Feb 2023€5.6b€13.5b€763.5m5.6x7.3x0.4x
Sat, 21 Jan 2023€5.4b€13.5b€763.5m5.1x7.1x0.4x
Mon, 19 Dec 2022€5.2b€13.5b€763.5m4.4x6.8x0.4x
Wed, 16 Nov 2022€4.9b€13.8b€835.3m4.2x5.9x0.4x
Price to Earnings Ratio

5.9x


Total Market Cap: €4.9bTotal Earnings: €835.3mTotal Revenue: €13.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Metals and Mining Industry Price to Earnings3Y Average 10.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the Belgian Metals and Mining industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 15% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

BE Market0.75%
Materials-0.97%
Metals and Mining0.56%
Diversified Metals and Mining2.08%
Steel-3.03%
Industry PE
  • Investors are most optimistic about the Diversified Metals and Mining industry, which is trading close to its 3-year average PE ratio of 13.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Steel industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Steel industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VIO Viohalco€9.258.8%
+€194.4m
78.6%PE10.6x
NYR Nyrstar€0.0711.4%
+€109.9k
-22.0%PE-3.4x