Narrative Update • May 17
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- 7D7.5%
- 3M13.3%
- 1Y78.7%
- YTD26.3%
Over the last 7 days, the Metals and Mining industry has risen 7.5%, driven by gains from Viohalco of 12%. Meanwhile, Nyrstar actually underperformed within the industry, shrinking 7.6% in the last week. This takes the industry's 12 month performance to a gain of 79%. Looking forward, earnings are forecast to grow by 31% annually.
Industry Valuation and Performance
Has the Belgian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | €9.1b | €13.9b | €505.7m | 16.3x | 18.1x | 0.7x |
| Sat, 25 Apr 2026 | €7.5b | €13.9b | €505.7m | 12.6x | 14.8x | 0.5x |
| Mon, 23 Mar 2026 | €7.0b | €13.8b | €413.6m | 19.5x | 17x | 0.5x |
| Wed, 18 Feb 2026 | €7.3b | €13.5b | €468.6m | 15x | 15.6x | 0.5x |
| Fri, 16 Jan 2026 | €7.1b | €13.5b | €468.6m | 14.1x | 15.1x | 0.5x |
| Sun, 14 Dec 2025 | €6.8b | €13.5b | €468.6m | 13.6x | 14.5x | 0.5x |
| Tue, 11 Nov 2025 | €6.1b | €13.8b | €511.6m | 10.5x | 12x | 0.4x |
| Thu, 09 Oct 2025 | €6.2b | €13.8b | €511.6m | 10.4x | 12.1x | 0.4x |
| Sat, 06 Sep 2025 | €5.5b | €13.5b | €473.2m | 9.8x | 11.7x | 0.4x |
| Mon, 04 Aug 2025 | €5.4b | €13.2b | €515.9m | 11.6x | 10.5x | 0.4x |
| Wed, 02 Jul 2025 | €5.3b | €13.3b | €580.9m | 10.3x | 9.2x | 0.4x |
| Fri, 30 May 2025 | €5.2b | €13.3b | €580.9m | 10.1x | 9x | 0.4x |
| Sun, 27 Apr 2025 | €5.1b | €13.2b | €553.5m | 9.8x | 9.3x | 0.4x |
| Tue, 25 Mar 2025 | €5.9b | €12.9b | €478.2m | 14x | 12.3x | 0.5x |
| Thu, 20 Feb 2025 | €5.7b | €12.9b | €551.4m | 12.3x | 10.4x | 0.4x |
| Sat, 18 Jan 2025 | €5.6b | €12.9b | €551.4m | 12.4x | 10.2x | 0.4x |
| Mon, 16 Dec 2024 | €5.2b | €12.9b | €551.4m | 10.2x | 9.5x | 0.4x |
| Wed, 13 Nov 2024 | €5.3b | €12.7b | €546.2m | 9.8x | 9.8x | 0.4x |
| Fri, 11 Oct 2024 | €5.9b | €12.7b | €546.2m | 10.5x | 10.9x | 0.5x |
| Sun, 08 Sep 2024 | €6.0b | €12.7b | €508.7m | 10.6x | 11.8x | 0.5x |
| Tue, 06 Aug 2024 | €5.9b | €12.7b | €466.7m | 12.4x | 12.7x | 0.5x |
| Thu, 04 Jul 2024 | €6.3b | €12.9b | €466.7m | 12.5x | 13.5x | 0.5x |
| Sat, 01 Jun 2024 | €6.7b | €12.9b | €466.7m | 13x | 14.3x | 0.5x |
| Mon, 29 Apr 2024 | €6.9b | €13.1b | €471.8m | 14.3x | 14.7x | 0.5x |
| Wed, 27 Mar 2024 | €7.0b | €13.1b | €470.5m | 14.4x | 15x | 0.5x |
| Fri, 23 Feb 2024 | €6.9b | €14.5b | €501.8m | 12.3x | 13.8x | 0.5x |
| Sun, 21 Jan 2024 | €6.9b | €14.5b | €501.8m | 12.1x | 13.8x | 0.5x |
| Tue, 19 Dec 2023 | €6.2b | €14.5b | €503.1m | 11.3x | 12.2x | 0.4x |
| Thu, 16 Nov 2023 | €5.8b | €14.6b | €461.6m | 12.5x | 12.6x | 0.4x |
| Sat, 14 Oct 2023 | €5.6b | €14.6b | €461.6m | 12.3x | 12.2x | 0.4x |
| Mon, 11 Sep 2023 | €6.2b | €14.9b | €585.2m | 9.9x | 10.6x | 0.4x |
| Wed, 09 Aug 2023 | €6.2b | €14.8b | €564.7m | 10x | 11.1x | 0.4x |
| Fri, 07 Jul 2023 | €6.0b | €15.0b | €634.8m | 7.8x | 9.4x | 0.4x |
| Sun, 04 Jun 2023 | €5.8b | €15.0b | €634.8m | 7.6x | 9.1x | 0.4x |
Price to Earnings Ratio
9.1x
Current Industry PE
- Investors are optimistic on the Belgian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.1x which is higher than its 3-year average PE of 12.2x.
- The industry is trading close to its 3-year average PS ratio of 0.46x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 7.3% per year over the last three years,
- Revenues have also declined 2.4% 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 | 1.92% | |
| Materials | 6.46% | |
| Metals and Mining | 7.47% | |
| Diversified Metals and Mining | 8.52% | |
| Steel | 3.96% | |
Industry PE
- Investors are most optimistic about the Steel industry which is trading above its 3-year average PE ratio of 11.0x.
- Analysts are expecting annual earnings growth of 31.4%, which is higher than its past year's earnings decline of 71.8% per year.
- Investors are most pessimistic about the Diversified Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.2x.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 72% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 31% 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 | |
|---|---|---|---|---|---|
| VIO Viohalco | €20.00 | 11.7% +€544.3m | 246.0% | PE22x | |
| BEKB NV Bekaert | €42.00 | 4.0% +€77.9m | 19.1% | PE30.4x | |
| CAMB Campine | €242.00 | 3.9% +€13.5m | 15.8% | PE6.4x |