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Belgian (BEL20) Telecom Sector Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies8
  • 7D1.1%
  • 3M10.4%
  • 1Y-7.5%
  • YTD8.8%

In the last week, the Telecom industry is up 1.1%, with Proximus up 3.5%. However, the industry is down 7.5% over the past year. Earnings are forecast to grow by 9.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025€4.2b€9.3b€515.7m25.5x8.1x0.5x
Tue, 18 Mar 2025€4.3b€9.3b€510.7m28.2x8.4x0.5x
Thu, 13 Feb 2025€3.9b€9.1b€524.2m27.4x7.5x0.4x
Sat, 11 Jan 2025€3.8b€9.1b€504.6m28.6x7.5x0.4x
Mon, 09 Dec 2024€4.0b€9.1b€504.6m27.3x8x0.4x
Wed, 06 Nov 2024€4.4b€9.1b€504.6m27.7x8.6x0.5x
Fri, 04 Oct 2024€4.3b€9.0b€403.6m27.7x10.7x0.5x
Sun, 01 Sep 2024€4.4b€9.0b€403.6m27.8x11x0.5x
Tue, 30 Jul 2024€4.3b€9.0b€420.1m38x10.3x0.5x
Thu, 27 Jun 2024€4.5b€8.7b€421.5m36.8x10.6x0.5x
Sat, 25 May 2024€4.6b€8.7b€421.5m36.8x10.9x0.5x
Mon, 22 Apr 2024€4.4b€8.7b€415.5m35.3x10.6x0.5x
Wed, 20 Mar 2024€4.4b€8.7b€415.4m20.7x10.6x0.5x
Fri, 16 Feb 2024€4.7b€8.7b€387.3m18.2x12.3x0.5x
Sun, 14 Jan 2024€5.0b€8.4b€403.5m30.2x12.4x0.6x
Tue, 12 Dec 2023€5.0b€8.4b€403.5m30.6x12.4x0.6x
Thu, 09 Nov 2023€4.8b€8.4b€403.5m32.6x11.9x0.6x
Sat, 07 Oct 2023€4.7b€8.3b€449.5m32.4x10.4x0.6x
Mon, 04 Sep 2023€4.4b€8.3b€449.5m30.1x9.8x0.5x
Wed, 02 Aug 2023€4.4b€8.3b€446.3m33.8x9.8x0.5x
Fri, 30 Jun 2023€4.3b€8.2b€518.3m20x8.4x0.5x
Sun, 28 May 2023€4.6b€8.2b€518.3m20.7x8.8x0.6x
Tue, 25 Apr 2023€5.0b€8.1b€543.3m21.2x9.2x0.6x
Thu, 23 Mar 2023€5.2b€8.1b€543.4m21.3x9.5x0.6x
Sat, 18 Feb 2023€5.3b€7.9b€559.4m14.8x9.4x0.7x
Mon, 16 Jan 2023€5.3b€7.9b€560.3m14.7x9.4x0.7x
Wed, 14 Dec 2022€5.2b€7.9b€560.3m15.1x9.2x0.7x
Fri, 11 Nov 2022€5.9b€7.9b€560.3m15.2x10.5x0.7x
Sun, 09 Oct 2022€5.4b€7.8b€550.3m15.4x9.9x0.7x
Tue, 06 Sep 2022€6.4b€7.8b€550.5m15.8x11.7x0.8x
Thu, 04 Aug 2022€6.8b€7.6b€496.3m12.8x13.7x0.9x
Sat, 02 Jul 2022€7.1b€7.5b€471.9m13.5x14.9x0.9x
Mon, 30 May 2022€8.0b€7.5b€471.9m15.2x17x1.1x
Wed, 27 Apr 2022€8.2b€7.5b€473.9m13.6x17.3x1.1x
Price to Earnings Ratio

17.3x


Total Market Cap: €8.2bTotal Earnings: €473.9mTotal Revenue: €7.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Telecom Sector Price to Earnings3Y Average 10.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian Communication Services 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 8.1x which is lower than its 3-year average PE of 10.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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 Telecom sector?

BE Market4.18%
Telecom1.13%
Telecom Services and Carriers3.46%
Media1.99%
Interactive Media and Services0%0
Wireless Telecom0%0
Entertainment-3.52%
Industry PE
  • Investors are most optimistic about the Wireless Telecom industry even though it's trading below its 3-year average PE ratio of 2kx.
    • Analysts are expecting annual earnings growth of 34.8%, which is lower than the prior year's growth of 50,238.6% per year.
  • Investors are most pessimistic about the Telecom Services and Carriers industry, which is trading below its 3-year average of 6.8x.
Forecasted Growth
  • Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 35% over the next 5 years.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 7.5% 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
PROX Proximus€6.723.5%
+€72.6m
-8.8%PE4.8x
ROU Roularta Media Group€15.352.0%
+€3.7m
49.8%PE31.1x
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