Earnings Not Telling The Story For Melexis NV (EBR:MELE) After Shares Rise 32%
May 13
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Belgian (BEL20) Market Analysis & Valuation
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies165
- 7D-0.6%
- 3M2.3%
- 1Y1.2%
- YTD4.3%
In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 9.3%. Similarly, the market is flat for the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Trending IndustriesOil and Gas
Market Valuation and Performance
Has the Belgian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | €382.7b | €224.0b | €23.8b | 14.3x | 16.1x | 1.7x |
| Fri, 11 Apr 2025 | €350.3b | €223.6b | €22.8b | 12.8x | 15.4x | 1.6x |
| Sun, 09 Mar 2025 | €394.1b | €233.0b | €22.5b | 14.1x | 17.5x | 1.7x |
| Tue, 04 Feb 2025 | €375.1b | €234.3b | €21.1b | 12.4x | 17.8x | 1.6x |
| Thu, 02 Jan 2025 | €368.9b | €234.0b | €21.0b | 12.7x | 17.5x | 1.6x |
| Sat, 30 Nov 2024 | €373.9b | €232.9b | €21.5b | 14x | 17.4x | 1.6x |
| Mon, 28 Oct 2024 | €384.6b | €225.2b | €21.4b | 14x | 18x | 1.7x |
| Wed, 25 Sep 2024 | €389.1b | €229.6b | €21.0b | 14.7x | 18.6x | 1.7x |
| Fri, 23 Aug 2024 | €374.4b | €227.7b | €20.2b | 15.6x | 18.5x | 1.6x |
| Sun, 21 Jul 2024 | €372.4b | €231.6b | €21.2b | 15.2x | 17.6x | 1.6x |
| Tue, 18 Jun 2024 | €365.2b | €232.9b | €21.6b | 15.9x | 16.9x | 1.6x |
| Thu, 16 May 2024 | €385.6b | €232.9b | €21.7b | 15.2x | 17.7x | 1.7x |
| Sat, 13 Apr 2024 | €364.7b | €238.9b | €21.8b | 15.5x | 16.7x | 1.5x |
| Mon, 11 Mar 2024 | €359.4b | €248.8b | €22.6b | 13.6x | 15.9x | 1.4x |
| Wed, 07 Feb 2024 | €359.8b | €251.7b | €23.7b | 13.2x | 15.2x | 1.4x |
| Fri, 05 Jan 2024 | €360.0b | €247.9b | €23.0b | 12.8x | 15.7x | 1.5x |
| Sun, 03 Dec 2023 | €350.8b | €239.5b | €21.5b | 13.5x | 16.3x | 1.5x |
| Tue, 31 Oct 2023 | €319.2b | €238.9b | €21.2b | 13x | 15.1x | 1.3x |
| Thu, 28 Sep 2023 | €334.4b | €242.2b | €21.7b | 12.9x | 15.4x | 1.4x |
| Sat, 26 Aug 2023 | €339.5b | €234.5b | €22.2b | 12.6x | 15.3x | 1.4x |
| Mon, 24 Jul 2023 | €349.2b | €234.0b | €24.3b | 11.5x | 14.4x | 1.5x |
| Wed, 21 Jun 2023 | €336.5b | €235.0b | €24.4b | 11.5x | 13.8x | 1.4x |
| Fri, 19 May 2023 | €322.5b | €227.2b | €21.6b | 11.9x | 15x | 1.4x |
| Sun, 16 Apr 2023 | €363.1b | €232.1b | €23.6b | 11.4x | 15.4x | 1.6x |
| Tue, 14 Mar 2023 | €347.1b | €223.6b | €23.7b | 10.8x | 14.6x | 1.6x |
| Thu, 09 Feb 2023 | €356.3b | €231.1b | €24.6b | 10.6x | 14.5x | 1.5x |
| Sat, 07 Jan 2023 | €353.4b | €231.1b | €24.9b | 9.9x | 14.2x | 1.5x |
| Mon, 05 Dec 2022 | €349.2b | €231.8b | €25.2b | 9.8x | 13.9x | 1.5x |
| Wed, 02 Nov 2022 | €329.2b | €233.6b | €25.3b | 8.7x | 13x | 1.4x |
| Fri, 30 Sep 2022 | €306.3b | €232.9b | €24.1b | 8.2x | 12.7x | 1.3x |
| Sun, 28 Aug 2022 | €339.2b | €231.6b | €26.4b | 9.1x | 12.9x | 1.5x |
| Tue, 26 Jul 2022 | €347.6b | €225.5b | €26.0b | 9.6x | 13.4x | 1.5x |
| Thu, 23 Jun 2022 | €337.2b | €221.2b | €25.7b | 10.6x | 13.1x | 1.5x |
| Sat, 21 May 2022 | €359.5b | €222.3b | €25.7b | 11.8x | 14x | 1.6x |
Price to Earnings Ratio
14x
Current Market PE
- Investors are relatively neutral on the Belgian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 15.7x.
Past Earnings Growth
- The earnings for Belgian listed companies have declined 2.5% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the Belgian Market?
| BE Market | -0.59% | |
| Tech | 9.26% | |
| Industrials | 4.12% | |
| Telecom | 4.02% | |
| Financials | 2.21% | |
| Consumer Staples | 1.44% | |
| Materials | 1.29% | |
| Energy | -0.55% | |
| Real Estate | -3.33% | |
| Consumer Discretionary | -5.52% | |
| Utilities | -8.21% | |
| Healthcare | -8.30% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 289x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings growth of 14.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 24% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 31% 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 | Sector | |
|---|---|---|---|---|---|---|
| ABI Anheuser-Busch InBev | €58.82 | 1.7% +€1.9b | -2.6% | PE18.8x | Consumer Staples | |
| KBC KBC Group | €84.28 | 5.3% +€1.7b | 22.3% | PB1.4x | Financials | |
| SYENS Syensqo | €67.58 | 5.8% +€355.1m | -29.3% | PS1x | Materials | |
| AZE Azelis Group | €14.99 | 9.7% +€321.4m | -30.7% | PE20.2x | Industrials | |
| MELE Melexis | €60.85 | 14.6% +€313.1m | -27.2% | PE17.2x | Tech |
