Header cover image

Belgian (BEL20) Market Analysis & Valuation

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies167
  • 7D0.7%
  • 3M-1.4%
  • 1Y3.0%
  • YTD2.8%

In the last week, the market has stayed flat, however the Healthcare sector stood out, gaining 7.4%. Meanwhile, the market is actually up 3.0% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.

Trending IndustriesOil and Gas

Market Valuation and Performance

Has the Belgian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024€369.5b€226.9b€21.7b14x17x1.6x
Tue, 22 Oct 2024€386.2b€224.8b€21.3b13.9x18.1x1.7x
Thu, 19 Sep 2024€387.6b€229.9b€21.0b14.3x18.5x1.7x
Sat, 17 Aug 2024€372.6b€228.4b€20.3b15.6x18.4x1.6x
Mon, 15 Jul 2024€377.2b€231.5b€21.2b15.8x17.8x1.6x
Wed, 12 Jun 2024€368.6b€232.9b€21.5b15.7x17.2x1.6x
Fri, 10 May 2024€379.1b€234.1b€21.9b15.3x17.3x1.6x
Sun, 07 Apr 2024€367.8b€237.7b€21.8b14.5x16.9x1.5x
Tue, 05 Mar 2024€359.6b€248.7b€22.7b13.7x15.8x1.4x
Thu, 01 Feb 2024€356.5b€248.7b€23.3b12.6x15.3x1.4x
Sat, 30 Dec 2023€358.2b€247.3b€22.9b13.2x15.6x1.4x
Mon, 27 Nov 2023€350.3b€239.2b€21.4b13.1x16.3x1.5x
Wed, 25 Oct 2023€319.2b€239.0b€21.4b12.6x14.9x1.3x
Fri, 22 Sep 2023€345.0b€241.7b€22.1b12.8x15.6x1.4x
Sun, 20 Aug 2023€336.1b€233.8b€22.4b12.6x15x1.4x
Tue, 18 Jul 2023€340.6b€233.3b€24.2b11.5x14.1x1.5x
Thu, 15 Jun 2023€342.8b€235.7b€24.5b11.8x14x1.5x
Sat, 13 May 2023€352.7b€234.8b€24.2b12.1x14.6x1.5x
Mon, 10 Apr 2023€364.2b€233.8b€23.7b11.1x15.4x1.6x
Wed, 08 Mar 2023€360.8b€231.1b€23.9b11.2x15.1x1.6x
Fri, 03 Feb 2023€357.2b€229.8b€24.2b10.1x14.8x1.6x
Sun, 01 Jan 2023€346.0b€230.8b€25.0b9.6x13.8x1.5x
Tue, 29 Nov 2022€343.7b€232.3b€25.2b9.7x13.6x1.5x
Thu, 27 Oct 2022€319.8b€231.4b€23.9b8.7x13.4x1.4x
Sat, 24 Sep 2022€315.2b€233.8b€24.1b8.6x13.1x1.3x
Mon, 22 Aug 2022€349.4b€230.9b€26.1b9.8x13.4x1.5x
Wed, 20 Jul 2022€343.5b€226.0b€26.0b9.8x13.2x1.5x
Fri, 17 Jun 2022€333.4b€221.6b€25.7b10.6x13x1.5x
Sun, 15 May 2022€365.1b€223.0b€25.7b11.9x14.2x1.6x
Tue, 12 Apr 2022€382.3b€218.8b€26.4b13.7x14.5x1.7x
Thu, 10 Mar 2022€356.2b€215.3b€26.1b13x13.7x1.7x
Sat, 05 Feb 2022€369.4b€211.0b€24.3b14.8x15.2x1.8x
Mon, 03 Jan 2022€370.9b€211.2b€23.9b15x15.5x1.8x
Wed, 01 Dec 2021€354.2b€212.3b€24.1b15.2x14.7x1.7x
Price to Earnings Ratio

14.7x


Total Market Cap: €354.2bTotal Earnings: €24.1bTotal Revenue: €212.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Market Price to Earnings3Y Average 15.3x202220232024
Current Market PE
  • Investors are optimistic on the Belgian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.0x which is higher than its 3-year average PE of 15.3x.
Past Earnings Growth
  • The earnings for Belgian listed companies have declined 3.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Belgian Market?

BE Market0.73%
Healthcare7.35%
Consumer Discretionary2.97%
Utilities1.10%
Industrials0.13%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Telecom-0.13%
Consumer Staples-0.79%
Real Estate-1.42%
Financials-1.59%
Energy-1.78%
Tech-1.85%
Materials-2.26%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 268x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.1%, which is higher than its past year's earnings growth of 15.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 52% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ARGX argenx€582.607.9%
+€2.6b
28.9%PS19.2xHealthcare
UCB UCB€180.007.6%
+€2.4b
158.5%PE142.3xHealthcare
DIE D'Ieteren Group€204.803.2%
+€339.7m
30.4%PE28.6xConsumer Discretionary
DEME DEME Group€146.807.8%
+€268.3m
42.2%PE13.6xIndustrials
TUB Financière de Tubize€136.004.5%
+€258.2m
101.5%PE67.2xHealthcare
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

This earnings season has been another reminder of the astonishing profitability of online advertising. Three out of the six most valuable companies in the world earn a big chunk — if not all — of their revenue from ads...

Latest News

ACKB

€190.50

Ackermans & Van Haaren

7D

2.2%

1Y

25.6%

GIMB

€40.85

Gimv

7D

8.8%

1Y

-6.0%

ARGX

€582.60

argenx

7D

7.9%

1Y

28.9%

DEME

€146.80

DEME Group

7D

7.8%

1Y

42.2%

UCB

€180.00

UCB

7D

7.6%

1Y

158.5%

SOLB

€31.25

Solvay

7D

-3.0%

1Y

-70.3%

SHUR

€38.90

Shurgard Self Storage

7D

-6.7%

1Y

-0.6%

ABI

€52.58

Anheuser-Busch InBev

7D

-1.1%

1Y

-8.9%

KBCA

€47.30

KBC Ancora

7D

-2.3%

1Y

25.9%

017250539

€29.20

BNP Paribas Fortis

7D

-3.9%

1Y

-30.5%

TUB

€136.00

Financière de Tubize

7D

4.5%

1Y

101.5%