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Belgian (BEL20) Tech Sector Analysis

UpdatedDec 02, 2023
DataAggregated Company Financials
Companies8
  • 7D-1.0%
  • 3M-8.0%
  • 1Y-9.3%
  • YTD-11.1%

Over the last 7 days, the Tech industry has dropped 1.0%, driven by Melexis declining 2.6%. The industry has fallen 9.3% in the last year. Looking forward, earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023€6.0b€5.3b€358.0m13.3x16.8x1.1x
Tue, 31 Oct 2023€5.2b€5.3b€357.8m11.3x14.5x1x
Thu, 28 Sep 2023€6.1b€5.3b€349.9m13.4x17.5x1.2x
Sat, 26 Aug 2023€6.4b€5.2b€354.9m14.3x18.1x1.2x
Mon, 24 Jul 2023€6.9b€5.1b€360.1m15.3x19x1.3x
Wed, 21 Jun 2023€7.0b€5.1b€349.5m14.2x20.2x1.4x
Fri, 19 May 2023€7.0b€5.1b€347.8m14.3x20.2x1.4x
Sun, 16 Apr 2023€7.8b€5.0b€353.0m16.4x22.1x1.5x
Tue, 14 Mar 2023€7.8b€5.1b€355.0m20.6x22x1.5x
Thu, 09 Feb 2023€7.6b€4.8b€325.9m20.8x23.4x1.6x
Sat, 07 Jan 2023€7.0b€4.8b€302.3m21.4x23.3x1.5x
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
Price to Earnings Ratio

51.4x


Total Market Cap: €6.5bTotal Earnings: €125.7mTotal Revenue: €4.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Tech Sector Price to Earnings3Y Average 36x202120222023
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 16.8x which is lower than its 3-year average PE of 36.0x.
  • 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 42% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market0.11%
Tech-1.01%
Communications2.21%
Software1.95%
Electronic Equipment and Components1.29%
Tech Hardware0%
IT-0.20%
Semiconductors-2.65%
Industry PE
  • Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 27.9x.
    • Analysts are expecting annual earnings growth of 6.0%, which is lower than the prior year's growth of 18.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 70% over the next 5 years.
  • This is better than its past earnings decline of 79% per year.
  • 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?

CompanyLast Price7D1YValuation
BAR Barco€15.831.5%
+€20.8m
-28.5%PE16.6x
EVS EVS Broadcast Equipment€28.652.3%
+€8.7m
36.8%PE10.4x
HYSG Hybrid Software Group€3.582.9%
+€3.3m
-19.6%PE196x
UPG Unifiedpost Group€2.290.7%
+€537.4k
-34.3%PS0.4x
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Latest News

ECONB

€2.49

Econocom Group

7D

-0.2%

1Y

-15.0%

BAR

€15.83

Barco

7D

1.5%

1Y

-28.5%

PAY

€7.20

Payton Planar Magnetics

7D

-0.7%

1Y

-30.1%

HYSG

€3.58

Hybrid Software Group

7D

2.9%

1Y

-19.6%

UPG

€2.29

Unifiedpost Group

7D

0.7%

1Y

-34.3%