Belgian (BEL20) Metals and Mining Industry Analysis

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
Wed, 08 May 2024	€7.0b	€13.1b	€471.8m	14x	14.8x	0.5x
Fri, 05 Apr 2024	€6.7b	€13.1b	€470.5m	13.9x	14.3x	0.5x
Sun, 03 Mar 2024	€7.1b	€14.5b	€501.8m	12.5x	14.1x	0.5x
Tue, 30 Jan 2024	€6.9b	€14.5b	€501.8m	12.2x	13.7x	0.5x
Thu, 28 Dec 2023	€6.8b	€14.5b	€503.1m	11.5x	13.4x	0.5x
Sat, 25 Nov 2023	€6.0b	€14.5b	€503.1m	11x	12x	0.4x
Mon, 23 Oct 2023	€5.5b	€14.6b	€461.6m	11.8x	12x	0.4x
Wed, 20 Sep 2023	€6.1b	€14.9b	€585.2m	9.5x	10.4x	0.4x
Fri, 18 Aug 2023	€6.2b	€14.8b	€564.7m	9.7x	11x	0.4x
Sun, 16 Jul 2023	€6.0b	€15.0b	€634.8m	7.8x	9.4x	0.4x
Tue, 13 Jun 2023	€5.9b	€15.0b	€634.8m	7.8x	9.3x	0.4x
Thu, 11 May 2023	€5.6b	€14.9b	€681.3m	7.1x	8.2x	0.4x
Sat, 08 Apr 2023	€5.5b	€14.9b	€681.3m	6.8x	8.1x	0.4x
Mon, 06 Mar 2023	€5.8b	€13.8b	€596.0m	7.5x	9.8x	0.4x
Wed, 01 Feb 2023	€5.5b	€13.5b	€763.5m	5.4x	7.1x	0.4x
Fri, 30 Dec 2022	€5.2b	€13.5b	€763.5m	4.5x	6.8x	0.4x
Sun, 27 Nov 2022	€5.0b	€13.5b	€763.5m	4.4x	6.6x	0.4x
Tue, 25 Oct 2022	€4.7b	€13.8b	€835.3m	3.8x	5.7x	0.3x
Thu, 22 Sep 2022	€4.6b	€13.0b	€751.8m	4.2x	6.2x	0.4x
Sat, 20 Aug 2022	€5.0b	€12.9b	€750.3m	4.9x	6.7x	0.4x
Mon, 18 Jul 2022	€4.9b	€12.4b	€720.9m	4.4x	6.8x	0.4x
Wed, 15 Jun 2022	€5.1b	€12.4b	€720.9m	4.9x	7.1x	0.4x
Fri, 13 May 2022	€5.4b	€12.1b	€690.4m	5.2x	7.8x	0.4x
Sun, 10 Apr 2022	€5.5b	€12.1b	€690.4m	5.5x	8x	0.5x
Tue, 08 Mar 2022	€5.2b	€11.0b	€611.6m	6.8x	8.5x	0.5x
Thu, 03 Feb 2022	€6.2b	€10.5b	€509.8m	9.7x	12.1x	0.6x
Sat, 01 Jan 2022	€5.8b	€10.5b	€509.8m	8.9x	11.4x	0.6x
Mon, 29 Nov 2021	€5.6b	€10.9b	€529.3m	7.6x	10.7x	0.5x
Wed, 27 Oct 2021	€5.9b	€10.9b	€529.3m	7.9x	11.1x	0.5x
Fri, 24 Sep 2021	€5.7b	€10.7b	€494.5m	9.1x	11.6x	0.5x
Sun, 22 Aug 2021	€5.9b	€10.4b	€452.3m	13.5x	13x	0.6x
Fri, 09 Jul 2021	€5.9b	€10.4b	€452.3m	14.1x	13.1x	0.6x

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 14.4x which is higher than its 3-year average PE of 10.2x.

The industry is trading close to its 3-year average PS ratio of 0.45x.

Past Earnings Growth

The earnings for companies in the Metals and Mining industry have grown 9.3% per year over the last three years.
Revenues for these companies have grown 8.7% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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


BE Market	2.40%
Materials	7.30%
Metals and Mining	3.56%
Diversified Metals and Mining	5.09%
Steel	0.89%
Copper	0%
Aluminum	0%
Gold	0%
Precious Metals and Minerals	0%
Silver	0%

Industry PE

Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 14.0x.

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 7.7x.

Forecasted Growth

Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 8.4% over the next 5 years.
This is roughly in line with its past earnings growth rate.

In contrast, the Steel industry is expected to see its earnings grow by 8.4% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
94426466 SCR-Sibelco	€6.50k	4.8% +€130.5m	44.4%	PE18.2x
VIO Viohalco	€6.10	6.1% +€90.7m	24.5%	PE32.8x
BEKB NV Bekaert	€47.48	0.9% +€21.9m	9.9%	PE9.7x

Company

Last Price

Valuation

94426466 SCR-Sibelco

€6.50k

4.8%
+€130.5m

44.4%

PE18.2x

VIO Viohalco

€6.10

6.1%
+€90.7m

24.5%