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Sep 27
Belgian (BEL20) Tech Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies8
- 7D-2.0%
- 3M-6.6%
- 1Y-27.6%
- YTD-12.8%
Over the last 7 days, the Tech industry has dropped 2.0%, driven by Melexis declining 4.3%. Overall the industry is down 28% in 12 months. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Belgian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 23 Apr 2024 | €5.5b | €5.2b | €315.1m | 12.9x | 17.4x | 1.1x |
| Thu, 21 Mar 2024 | €5.5b | €5.2b | €315.2m | 13.2x | 17.5x | 1.1x |
| Sat, 17 Feb 2024 | €6.0b | €5.2b | €351.7m | 13.5x | 17x | 1.2x |
| Mon, 15 Jan 2024 | €6.0b | €5.3b | €357.9m | 13.3x | 16.8x | 1.1x |
| Wed, 13 Dec 2023 | €6.2b | €5.3b | €358.1m | 13.2x | 17.2x | 1.2x |
| Fri, 10 Nov 2023 | €5.5b | €5.3b | €357.7m | 12x | 15.4x | 1x |
| Sun, 08 Oct 2023 | €6.1b | €5.3b | €349.8m | 13.3x | 17.5x | 1.2x |
| Tue, 05 Sep 2023 | €6.6b | €5.2b | €351.6m | 14.4x | 18.8x | 1.3x |
| Thu, 03 Aug 2023 | €7.2b | €5.2b | €346.2m | 15.6x | 20.7x | 1.4x |
| Sat, 01 Jul 2023 | €6.9b | €5.1b | €349.5m | 14.9x | 19.9x | 1.4x |
| Mon, 29 May 2023 | €7.0b | €5.1b | €349.7m | 14x | 20x | 1.4x |
| Wed, 26 Apr 2023 | €7.6b | €5.1b | €345.3m | 15.7x | 21.9x | 1.5x |
| Fri, 24 Mar 2023 | €8.0b | €5.0b | €354.2m | 17.3x | 22.5x | 1.6x |
| Sun, 19 Feb 2023 | €8.0b | €5.1b | €356.6m | 21.4x | 22.5x | 1.6x |
| Tue, 17 Jan 2023 | €7.0b | €4.8b | €302.2m | 21.1x | 23.3x | 1.5x |
| Thu, 15 Dec 2022 | €6.8b | €4.8b | €297.5m | 21x | 22.9x | 1.4x |
| Sat, 12 Nov 2022 | €6.4b | €4.8b | €297.8m | 20.1x | 21.6x | 1.3x |
| Mon, 10 Oct 2022 | €6.0b | €4.7b | €286.0m | 19.9x | 21.1x | 1.3x |
| Wed, 07 Sep 2022 | €6.3b | €4.7b | €295.6m | 20.9x | 21.2x | 1.3x |
| Fri, 05 Aug 2022 | €7.1b | €4.7b | €295.0m | 20.6x | 24.1x | 1.5x |
| Sun, 03 Jul 2022 | €5.8b | €4.4b | €250.9m | 17.9x | 23.2x | 1.3x |
| Tue, 31 May 2022 | €6.8b | €4.4b | €250.6m | 21.7x | 27.1x | 1.5x |
| Thu, 28 Apr 2022 | €6.6b | €4.4b | €250.8m | 20.8x | 26.3x | 1.5x |
| Sat, 26 Mar 2022 | €6.8b | €4.3b | €224.7m | 26.3x | 30.4x | 1.6x |
| Mon, 21 Feb 2022 | €6.9b | €4.3b | €213.3m | 25.9x | 32.5x | 1.6x |
| Wed, 19 Jan 2022 | €7.5b | €4.3b | €175.1m | 25.8x | 43.1x | 1.8x |
| Fri, 17 Dec 2021 | €7.5b | €4.3b | €175.1m | 26.4x | 43x | 1.8x |
| Sun, 14 Nov 2021 | €8.1b | €4.4b | €176.2m | 35.4x | 46.1x | 1.9x |
| Tue, 12 Oct 2021 | €7.4b | €4.3b | €154.5m | 37.5x | 47.7x | 1.7x |
| Thu, 09 Sep 2021 | €7.9b | €4.3b | €148.8m | 40.7x | 52.9x | 1.8x |
| Sat, 07 Aug 2021 | €7.7b | €4.3b | €148.8m | 40.2x | 52x | 1.8x |
| Fri, 30 Apr 2021 | €7.5b | €4.2b | €111.5m | 47.9x | 67.3x | 1.8x |
Price to Earnings Ratio
67.3x
Current Industry PE
- Investors are pessimistic on the Belgian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.4x which is lower than its 3-year average PE of 29.3x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 41% per year over the last three years.
- Revenues for these companies have grown 7.2% 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 Tech sector?
| BE Market | -0.055% | |
| Tech | -2.04% | |
| IT | 5.50% | |
| Communications | 0.75% | |
| Tech Hardware | 0% | |
| Electronic Equipment and Components | -1.41% | |
| Software | -2.43% | |
| Semiconductors | -3.72% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry even though it's trading below its 3-year average PE ratio of 538x.
- Analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings growth of 8.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the Communications industry is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|
| ECONB Econocom Group | €2.29 | 5.8% +€21.6m | -27.2% | PE6.5x | |
| EVS EVS Broadcast Equipment | €33.15 | 2.0% +€8.7m | 51.4% | PE12.1x | |
| HYSG Hybrid Software Group | €3.60 | 7.8% +€8.5m | -25.0% | PE89.7x |