Is Melexis (EBR:MELE) A Risky Investment?
Jun 26
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Belgian (BEL20) Tech Sector Analysis
UpdatedJun 29, 2025
DataAggregated Company Financials
Companies7
- 7D5.5%
- 3M20.3%
- 1Y-1.2%
- YTD21.7%
In the last week, the Tech industry is up 5.5%, with Melexis up 9.5%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Jun 2025 | €5.2b | €5.0b | €244.4m | 11.4x | 21.2x | 1x |
| Wed, 28 May 2025 | €4.7b | €5.0b | €245.3m | 10.6x | 19.1x | 0.9x |
| Fri, 25 Apr 2025 | €4.4b | €5.0b | €267.2m | 11.2x | 16.5x | 0.9x |
| Sun, 23 Mar 2025 | €4.6b | €5.0b | €269.7m | 12x | 17x | 0.9x |
| Tue, 18 Feb 2025 | €4.5b | €5.1b | €235.2m | 12.8x | 19.2x | 0.9x |
| Thu, 16 Jan 2025 | €4.4b | €5.2b | €285.5m | 11.4x | 15.3x | 0.8x |
| Sat, 14 Dec 2024 | €4.5b | €5.2b | €285.2m | 11.3x | 15.6x | 0.9x |
| Mon, 11 Nov 2024 | €4.6b | €5.2b | €286.0m | 10.9x | 16x | 0.9x |
| Wed, 09 Oct 2024 | €5.1b | €5.2b | €289.9m | 12x | 17.5x | 1x |
| Fri, 06 Sep 2024 | €5.4b | €5.2b | €289.7m | 12.8x | 18.5x | 1x |
| Sun, 04 Aug 2024 | €5.2b | €5.1b | €284.7m | 12.3x | 18.2x | 1x |
| Tue, 02 Jul 2024 | €5.4b | €5.2b | €313.0m | 11x | 17.1x | 1x |
| Thu, 30 May 2024 | €5.7b | €5.2b | €316.9m | 12.6x | 18x | 1.1x |
| Sat, 27 Apr 2024 | €5.7b | €5.2b | €317.0m | 13.4x | 18x | 1.1x |
| Mon, 25 Mar 2024 | €5.6b | €5.2b | €316.1m | 13.3x | 17.8x | 1.1x |
| Wed, 21 Feb 2024 | €5.8b | €5.2b | €351.6m | 13x | 16.5x | 1.1x |
| Fri, 19 Jan 2024 | €5.9b | €5.3b | €358.0m | 13.3x | 16.5x | 1.1x |
| Sun, 17 Dec 2023 | €6.3b | €5.3b | €358.0m | 13.5x | 17.7x | 1.2x |
| Tue, 14 Nov 2023 | €5.5b | €5.3b | €357.7m | 12.1x | 15.4x | 1x |
| Thu, 12 Oct 2023 | €6.2b | €5.3b | €349.8m | 13.6x | 17.7x | 1.2x |
| Sat, 09 Sep 2023 | €6.3b | €5.2b | €351.7m | 13.8x | 18x | 1.2x |
| Mon, 07 Aug 2023 | €7.0b | €5.2b | €350.5m | 15.1x | 19.9x | 1.3x |
| Wed, 05 Jul 2023 | €7.0b | €5.1b | €349.5m | 14.9x | 20.1x | 1.4x |
| Fri, 02 Jun 2023 | €7.0b | €5.1b | €349.7m | 14.5x | 20.1x | 1.4x |
| Sun, 30 Apr 2023 | €7.3b | €5.1b | €347.5m | 14.9x | 20.9x | 1.4x |
| Tue, 28 Mar 2023 | €7.9b | €5.0b | €354.3m | 17.1x | 22.4x | 1.6x |
| Thu, 23 Feb 2023 | €7.9b | €5.1b | €356.6m | 20.7x | 22.1x | 1.6x |
| Sat, 21 Jan 2023 | €7.0b | €4.8b | €302.2m | 21.4x | 23.1x | 1.5x |
| Mon, 19 Dec 2022 | €6.7b | €4.8b | €297.6m | 21x | 22.4x | 1.4x |
| Wed, 16 Nov 2022 | €6.6b | €4.8b | €297.7m | 21x | 22.3x | 1.4x |
| Fri, 14 Oct 2022 | €5.9b | €4.7b | €286.0m | 19.5x | 20.8x | 1.3x |
| Sun, 11 Sep 2022 | €6.5b | €4.7b | €295.5m | 20.7x | 22.1x | 1.4x |
| Tue, 09 Aug 2022 | €6.9b | €4.7b | €295.1m | 20x | 23.5x | 1.5x |
| Thu, 07 Jul 2022 | €5.9b | €4.4b | €251.1m | 17.8x | 23.4x | 1.3x |
Price to Earnings Ratio
23.4x
Current Industry PE
- Investors are optimistic on the Belgian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.2x which is higher than its 3-year average PE of 19.0x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.9% 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.
Industry Trends
Which industries have driven the changes within the Belgian Tech sector?
| BE Market | 0.023% | |
| Tech | 5.50% | |
| Semiconductors | 9.47% | |
| Communications | 3.04% | |
| Software | 1.07% | |
| IT | 0.51% | |
| Electronic Equipment and Components | -0.00041% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 32.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 75% over the next 5 years.
- In contrast, the Communications industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| MELE Melexis | €72.15 | 7.5% +€201.6m | -10.7% | PE20.1x | |
| BANQ Banqup Group | €3.58 | 4.7% +€5.9m | 27.9% | PS1.6x | |
| ECONB Econocom Group | €1.95 | 1.0% +€3.3m | -10.2% | PE8.5x | |
| PAY Payton Planar Magnetics | €7.10 | 2.2% +€2.7m | -10.7% | PE11.6x | |
| HYSG Hybrid Software Group | €3.52 | 0.6% +€655.8k | -9.7% | PS2.2x |
