Calculating The Intrinsic Value Of Melexis NV (EBR:MELE)
Nov 15
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Belgian (BEL20) Tech Sector Analysis
UpdatedNov 18, 2025
DataAggregated Company Financials
Companies7
- 7D-4.5%
- 3M-15.3%
- 1Y2.4%
- YTD1.2%
Over the last 7 days, the Tech industry has dropped 2.4%, driven by Melexis declining 7.1%. In contrast, Banqup Group has gained 9.7%. This takes the industry's 12 month performance to a gain of 3.2%. Looking forward, earnings are forecast to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Nov 2025 | €4.4b | €5.0b | €218.5m | 13.4x | 20.1x | 0.9x |
| Fri, 17 Oct 2025 | €4.8b | €5.0b | €242.1m | 14.1x | 20x | 1x |
| Sun, 14 Sep 2025 | €5.0b | €5.0b | €242.0m | 14x | 20.6x | 1x |
| Tue, 12 Aug 2025 | €5.0b | €5.0b | €248.1m | 11.7x | 20.3x | 1x |
| Thu, 10 Jul 2025 | €5.1b | €5.0b | €244.4m | 11.2x | 21.1x | 1x |
| Sat, 07 Jun 2025 | €5.0b | €5.0b | €244.7m | 11.2x | 20.3x | 1x |
| Mon, 05 May 2025 | €4.5b | €5.0b | €238.9m | 11.7x | 18.8x | 0.9x |
| Wed, 02 Apr 2025 | €4.4b | €5.0b | €267.9m | 12x | 16.6x | 0.9x |
| Fri, 28 Feb 2025 | €4.6b | €5.0b | €269.7m | 12.6x | 16.9x | 0.9x |
| Sun, 26 Jan 2025 | €4.5b | €5.2b | €285.2m | 11.6x | 15.6x | 0.9x |
| Tue, 24 Dec 2024 | €4.3b | €5.2b | €285.3m | 11.1x | 15.1x | 0.8x |
| Thu, 21 Nov 2024 | €4.2b | €5.2b | €286.3m | 10.5x | 14.8x | 0.8x |
| Sat, 19 Oct 2024 | €5.0b | €5.2b | €290.0m | 12x | 17.2x | 1x |
| Mon, 16 Sep 2024 | €5.4b | €5.2b | €289.7m | 12.8x | 18.5x | 1x |
| Wed, 14 Aug 2024 | €5.4b | €5.1b | €284.6m | 13x | 19x | 1x |
| Fri, 12 Jul 2024 | €5.6b | €5.2b | €312.9m | 11.4x | 17.8x | 1.1x |
| Sun, 09 Jun 2024 | €5.8b | €5.2b | €312.4m | 12.2x | 18.5x | 1.1x |
| Tue, 07 May 2024 | €5.7b | €5.2b | €316.9m | 13.6x | 17.9x | 1.1x |
| Thu, 04 Apr 2024 | €5.6b | €5.2b | €316.0m | 13.2x | 17.7x | 1.1x |
| Sat, 02 Mar 2024 | €5.9b | €5.2b | €314.4m | 13.6x | 18.7x | 1.1x |
| Mon, 29 Jan 2024 | €5.8b | €5.3b | €358.1m | 13.2x | 16.2x | 1.1x |
| Wed, 27 Dec 2023 | €6.4b | €5.3b | €357.9m | 13.9x | 18x | 1.2x |
| Fri, 24 Nov 2023 | €6.0b | €5.3b | €358.0m | 13.2x | 16.8x | 1.1x |
| Sun, 22 Oct 2023 | €5.4b | €5.3b | €349.8m | 12.4x | 15.6x | 1x |
| Tue, 19 Sep 2023 | €6.2b | €5.2b | €351.8m | 13.3x | 17.7x | 1.2x |
| Thu, 17 Aug 2023 | €6.6b | €5.2b | €349.0m | 14.6x | 18.8x | 1.3x |
| Sat, 15 Jul 2023 | €7.3b | €5.1b | €349.1m | 15.7x | 20.8x | 1.4x |
| Mon, 12 Jun 2023 | €7.1b | €5.1b | €349.7m | 14.4x | 20.3x | 1.4x |
| Wed, 10 May 2023 | €7.1b | €5.1b | €347.6m | 14.4x | 20.3x | 1.4x |
| Fri, 07 Apr 2023 | €7.9b | €5.0b | €354.1m | 16.5x | 22.3x | 1.6x |
| Sun, 05 Mar 2023 | €8.1b | €5.1b | €356.6m | 21.3x | 22.7x | 1.6x |
| Tue, 31 Jan 2023 | €7.3b | €4.8b | €306.9m | 22x | 23.9x | 1.5x |
| Thu, 29 Dec 2022 | €6.7b | €4.8b | €297.2m | 22.1x | 22.6x | 1.4x |
| Sat, 26 Nov 2022 | €6.7b | €4.8b | €297.7m | 21.4x | 22.5x | 1.4x |
Price to Earnings Ratio
22.5x
Current Industry PE
- Investors are relatively neutral on the Belgian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 18.8x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.88x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 9.8% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Belgian Tech sector?
| BE Market | -2.19% | |
| Tech | -4.47% | |
| Communications | 0.56% | |
| Electronic Equipment and Components | -2.05% | |
| IT | -2.65% | |
| Software | -3.46% | |
| Semiconductors | -7.07% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings decline of 46.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 73% over the next 5 years.
- In contrast, the Communications industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| OPTI Crescent | €0.012 | 13.2% +€2.8m | 15.4% | PS1.9x | |
| EVS EVS Broadcast Equipment | €35.65 | 0.6% +€2.7m | 26.0% | PE14.2x | |
| HYSG Hybrid Software Group | €4.00 | 1.5% +€2.0m | 14.9% | PS2.6x |