Is Kinepolis Group NV (EBR:KIN) Trading At A 37% Discount?
Sep 17
Belgian (BEL20) Telecom Sector Analysis
UpdatedSep 22, 2023
DataAggregated Company Financials
Companies6
- 7D4.7%
- 3M9.9%
- 1Y-16.1%
- YTD-9.0%
In the last week, the Telecom industry is up 4.8%, with Proximus up 5.1%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Belgian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | €4.8b | €8.3b | €449.5m | 32.2x | 10.8x | 0.6x |
| Mon, 21 Aug 2023 | €4.3b | €8.4b | €458.0m | 27.2x | 9.4x | 0.5x |
| Wed, 19 Jul 2023 | €4.5b | €8.2b | €518.3m | 19.6x | 8.7x | 0.5x |
| Fri, 16 Jun 2023 | €4.6b | €8.2b | €518.3m | 20.4x | 8.8x | 0.6x |
| Sun, 14 May 2023 | €4.7b | €8.2b | €518.3m | 21x | 9.1x | 0.6x |
| Tue, 11 Apr 2023 | €5.2b | €8.1b | €543.3m | 21x | 9.6x | 0.6x |
| Thu, 09 Mar 2023 | €5.0b | €8.1b | €551.6m | 14.6x | 9.1x | 0.6x |
| Sat, 04 Feb 2023 | €5.5b | €7.9b | €560.3m | 15.2x | 9.7x | 0.7x |
| Mon, 02 Jan 2023 | €5.2b | €7.9b | €560.3m | 15.3x | 9.3x | 0.7x |
| Wed, 30 Nov 2022 | €5.5b | €7.9b | €560.3m | 15.4x | 9.8x | 0.7x |
| Fri, 28 Oct 2022 | €5.5b | €7.8b | €550.3m | 15.4x | 9.9x | 0.7x |
| Sun, 25 Sep 2022 | €5.7b | €7.8b | €550.3m | 15.5x | 10.4x | 0.7x |
| Tue, 23 Aug 2022 | €6.9b | €7.8b | €551.2m | 16.8x | 12.5x | 0.9x |
| Thu, 21 Jul 2022 | €7.1b | €7.5b | €471.9m | 12.8x | 15.1x | 0.9x |
| Sat, 18 Jun 2022 | €7.5b | €7.5b | €471.9m | 14x | 16x | 1x |
| Mon, 16 May 2022 | €7.9b | €7.5b | €471.9m | 14.1x | 16.8x | 1.1x |
| Wed, 13 Apr 2022 | €8.4b | €7.5b | €473.9m | 13.7x | 17.7x | 1.1x |
| Fri, 11 Mar 2022 | €8.3b | €7.5b | €473.9m | 13.2x | 17.6x | 1.1x |
| Sun, 06 Feb 2022 | €8.6b | €7.2b | €434.2m | 14.2x | 19.9x | 1.2x |
| Tue, 04 Jan 2022 | €8.5b | €7.2b | €434.2m | 14.1x | 19.6x | 1.2x |
| Thu, 02 Dec 2021 | €8.1b | €7.2b | €434.2m | 12.7x | 18.7x | 1.1x |
| Sat, 30 Oct 2021 | €8.1b | €7.2b | €475.2m | 12.2x | 17.1x | 1.1x |
| Mon, 27 Sep 2021 | €8.4b | €7.2b | €478.6m | 11.6x | 17.5x | 1.2x |
| Wed, 25 Aug 2021 | €7.0b | €7.1b | €563.5m | 12x | 12.4x | 1x |
| Thu, 01 Jul 2021 | €6.6b | €7.1b | €563.5m | 11x | 11.7x | 0.9x |
| Sun, 04 Apr 2021 | €7.6b | €7.0b | €592.8m | 16.7x | 12.8x | 1.1x |
| Wed, 06 Jan 2021 | €7.6b | €7.2b | €555.0m | 24.2x | 13.8x | 1.1x |
| Sat, 10 Oct 2020 | €6.8b | €7.4b | €452.1m | 15.6x | 15.1x | 0.9x |
Price to Earnings Ratio
15.1x
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 10.8x which is lower than its 3-year average PE of 13.4x.
- The industry is trading close to its 3-year average PS ratio of 0.91x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.0% 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 Telecom sector?
| BE Market | -1.11% | |
| Telecom | 4.70% | |
| Telecom Services and Carriers | 6.14% | |
| Wireless Telecom | 5.04% | |
| Entertainment | 2.11% | |
| Media | 0.40% | |
| Interactive Media and Services | 0% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Media industry, expecting annual earnings growth of 52% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings decline by 4.7% 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 | |
|---|---|---|---|---|---|
| PROX Proximus | €8.06 | 6.1% +€150.5m | -24.4% | PE6.6x | |
| OBEL Orange Belgium | €13.76 | 5.0% +€39.6m | -23.1% | PE51x | |
| KIN Kinepolis Group | €46.00 | 2.1% +€25.5m | 21.4% | PE31.5x | |
| TNET Telenet Group Holding | €21.16 | 0.09% +€2.2m | 39.9% | PE11.9x | |
| ROU Roularta Media Group | €12.65 | 0.4% +€588.4k | -27.7% | PS0.4x |