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Belgian (BEL20) Tech Sector Analysis

UpdatedDec 05, 2022
DataAggregated Company Financials
Companies9
  • 7D-1.0%
  • 3M5.2%
  • 1Y-10.6%
  • YTD-14.3%

Over the last 7 days, the Tech industry has dropped 1.0%, driven by a pullback from Melexis of 1.5%. On the other hand Crescent is actually up 24%. However, the industry is down 11% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the Belgian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 05 Dec 2022€6.6b€4.8b€297.7m21.7x22.2x1.4x
Wed, 02 Nov 2022€6.0b€4.8b€298.2m19.8x20x1.2x
Fri, 30 Sep 2022€5.8b€4.7b€286.0m19.1x20.3x1.2x
Sun, 28 Aug 2022€6.5b€4.7b€295.1m20.8x22x1.4x
Tue, 26 Jul 2022€6.7b€4.5b€271.0m19.7x24.8x1.5x
Thu, 23 Jun 2022€6.1b€4.4b€250.8m19.1x24.2x1.4x
Sat, 21 May 2022€6.6b€4.4b€250.8m20.9x26.4x1.5x
Mon, 18 Apr 2022€6.4b€4.3b€224.8m23.6x28.6x1.5x
Wed, 16 Mar 2022€6.5b€4.3b€224.3m24.2x28.9x1.5x
Fri, 11 Feb 2022€7.1b€4.3b€184.3m22.8x38.5x1.7x
Sun, 09 Jan 2022€7.7b€4.3b€175.1m26.3x44x1.8x
Tue, 07 Dec 2021€7.5b€4.4b€175.7m32.9x42.9x1.7x
Thu, 04 Nov 2021€8.0b€4.4b€176.1m34.3x45.4x1.8x
Sat, 02 Oct 2021€7.3b€4.3b€154.8m37.1x47.4x1.7x
Mon, 30 Aug 2021€8.0b€4.3b€148.8m41.2x54x1.9x
Tue, 06 Jul 2021€7.3b€4.3b€148.8m35.3x49.4x1.7x
Fri, 09 Apr 2021€7.3b€4.2b€111.5m47.3x65.3x1.7x
Thu, 31 Dec 2020€6.6b€4.2b€89.7m31.1x73.3x1.6x
Sun, 04 Oct 2020€5.9b€4.3b€125.7m36.1x47.2x1.4x
Wed, 08 Jul 2020€5.6b€4.5b€199.3m30x27.9x1.2x
Tue, 31 Mar 2020€4.4b€4.6b€223.0m22.4x19.6x0.9x
Fri, 03 Jan 2020€6.5b€4.8b€234.0m22x27.8x1.4x
Price to Earnings Ratio

27.8x


Total Market Cap: €6.5bTotal Earnings: €234.0mTotal Revenue: €4.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Tech Sector Price to Earnings3Y Average 39.6x20212022
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 22.2x which is lower than its 3-year average PE of 39.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 8.4% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Belgian Tech sector?

BE Market1.62%
Tech-1.01%
Software0.88%
Communications0.15%
IT0.041%
Tech Hardware0%
Electronic Equipment and Components-0.82%
Semiconductors-1.55%
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 853x.
    • Analysts are expecting annual earnings growth of 48.0%, which is higher than its past year's earnings decline of 6.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 32% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 3.7% 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
OPTI Crescent€0.0224.2%
+€6.5m
-19.7%PS2x
HYSG Hybrid Software Group€4.451.1%
+€1.6m
-11.9%PE51.8x
UPG Unifiedpost Group€3.480.6%
+€690.9k
-76.6%PS0.7x
KEYW Keyware Technologies€1.031.0%
+€225.2k
-8.9%PE21.7x
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