Proximus PLC (EBR:PROX) Stock Catapults 25% Though Its Price And Business Still Lag The Market
Mar 12
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Belgian (BEL20) Market Analysis & Valuation
UpdatedMar 12, 2025
DataAggregated Company Financials
Companies166
- 7D-3.0%
- 3M3.4%
- 1Y3.5%
- YTD2.5%
Over the last 7 days, the market has dropped 3.0%, driven by a loss of 12% in the Healthcare sector. In contrast, the Utilities sector has actually gained 22%. As for the longer term, the market has actually risen by 3.5% in the last year. Looking forward, earnings are forecast to grow by 14% annually.
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, 12 Mar 2025 | €373.1b | €224.4b | €22.1b | 13.9x | 16.9x | 1.7x |
| Fri, 07 Feb 2025 | €374.8b | €233.8b | €21.2b | 12.3x | 17.7x | 1.6x |
| Sun, 05 Jan 2025 | €368.4b | €234.3b | €21.1b | 12.9x | 17.5x | 1.6x |
| Tue, 03 Dec 2024 | €374.9b | €233.2b | €21.5b | 14.2x | 17.4x | 1.6x |
| Thu, 31 Oct 2024 | €379.7b | €224.7b | €21.3b | 13.7x | 17.8x | 1.7x |
| Sat, 28 Sep 2024 | €395.2b | €229.6b | €21.0b | 14.6x | 18.8x | 1.7x |
| Mon, 26 Aug 2024 | €374.4b | €227.2b | €20.2b | 15.7x | 18.5x | 1.6x |
| Wed, 24 Jul 2024 | €376.8b | €232.0b | €21.3b | 15.3x | 17.7x | 1.6x |
| Fri, 21 Jun 2024 | €367.7b | €233.0b | €21.6b | 16.1x | 17x | 1.6x |
| Sun, 19 May 2024 | €385.7b | €232.4b | €21.2b | 14.6x | 18.2x | 1.7x |
| Tue, 16 Apr 2024 | €363.3b | €234.1b | €21.9b | 14.6x | 16.6x | 1.6x |
| Thu, 14 Mar 2024 | €365.1b | €239.8b | €20.9b | 13.7x | 17.5x | 1.5x |
| Sat, 10 Feb 2024 | €341.0b | €242.2b | €20.4b | 13.6x | 16.7x | 1.4x |
| Mon, 08 Jan 2024 | €359.5b | €247.9b | €23.0b | 12.7x | 15.6x | 1.4x |
| Wed, 06 Dec 2023 | €353.4b | €240.0b | €21.5b | 13x | 16.4x | 1.5x |
| Fri, 03 Nov 2023 | €333.3b | €239.6b | €21.4b | 13.7x | 15.6x | 1.4x |
| Sun, 01 Oct 2023 | €339.2b | €241.9b | €21.7b | 12.7x | 15.6x | 1.4x |
| Tue, 29 Aug 2023 | €342.5b | €234.4b | €22.2b | 12.8x | 15.4x | 1.5x |
| Thu, 27 Jul 2023 | €349.8b | €234.2b | €24.3b | 11.6x | 14.4x | 1.5x |
| Sat, 24 Jun 2023 | €333.7b | €235.1b | €24.5b | 11.4x | 13.6x | 1.4x |
| Mon, 22 May 2023 | €348.6b | €235.7b | €24.6b | 11.7x | 14.2x | 1.5x |
| Wed, 19 Apr 2023 | €362.8b | €233.4b | €23.7b | 11.4x | 15.3x | 1.6x |
| Fri, 17 Mar 2023 | €350.6b | €232.4b | €23.8b | 10.7x | 14.7x | 1.5x |
| Sun, 12 Feb 2023 | €356.8b | €231.6b | €24.7b | 10.5x | 14.4x | 1.5x |
| Tue, 10 Jan 2023 | €353.2b | €230.4b | €24.9b | 9.9x | 14.2x | 1.5x |
| Thu, 08 Dec 2022 | €344.2b | €231.7b | €25.2b | 9.7x | 13.7x | 1.5x |
| Sat, 05 Nov 2022 | €331.3b | €235.1b | €25.6b | 9x | 13x | 1.4x |
| Mon, 03 Oct 2022 | €310.2b | €232.7b | €24.1b | 8.6x | 12.9x | 1.3x |
| Wed, 31 Aug 2022 | €335.8b | €232.8b | €26.4b | 9.3x | 12.7x | 1.4x |
| Fri, 29 Jul 2022 | €348.7b | €226.1b | €26.0b | 9.5x | 13.4x | 1.5x |
| Sun, 26 Jun 2022 | €339.1b | €221.5b | €25.7b | 10.1x | 13.2x | 1.5x |
| Tue, 24 May 2022 | €362.2b | €220.5b | €25.7b | 11.6x | 14.1x | 1.6x |
| Thu, 21 Apr 2022 | €391.3b | €218.7b | €26.4b | 13.7x | 14.8x | 1.8x |
| Sat, 19 Mar 2022 | €378.2b | €214.0b | €26.1b | 13.4x | 14.5x | 1.8x |
Price to Earnings Ratio
14.5x
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 15.5x.
Past Earnings Growth
- The earnings for Belgian listed companies have declined 5.4% 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 | -2.99% | |
| Utilities | 22.15% | |
| Materials | 4.30% | |
| Telecom | 3.59% | |
| Tech | 2.93% | |
| Consumer Discretionary | 1.89% | |
| Financials | -0.046% | |
| Real Estate | -0.50% | |
| Industrials | -0.93% | |
| Energy | -1.10% | |
| Consumer Staples | -2.60% | |
| Healthcare | -12.10% | |
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 290x.
- Analysts are expecting annual earnings growth of 21.5%, which is lower than the prior year's growth of 183.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 34% 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 35% 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 | |
|---|---|---|---|---|---|---|
| ELI Elia Group | €78.85 | 22.2% +€1.0b | -17.1% | PE13.8x | Utilities | |
| KBC KBC Group | €83.48 | 2.3% +€753.5m | 21.7% | PB1.4x | Financials | |
| SOLB Solvay | €34.23 | 11.5% +€369.3m | 35.6% | PE16x | Materials | |
| BEKB NV Bekaert | €36.28 | 13.4% +€221.5m | -24.3% | PE7.9x | Materials | |
| PROX Proximus | €6.50 | 7.6% +€148.4m | -14.4% | PE4.7x | Telecom |
