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Dutch (AEX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies99
  • 7D-0.4%
  • 3M9.7%
  • 1Y18.3%
  • YTD11.7%

The market has been flat over the last week. More promisingly, the market is up 18% over the past year. Earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024€1.0t€547.2b€46.3b16.1x21.7x1.8x
Thu, 15 Feb 2024€991.0b€568.6b€49.7b15.8x19.9x1.7x
Sat, 13 Jan 2024€903.9b€590.3b€60.1b16.4x15x1.5x
Mon, 11 Dec 2023€902.7b€598.3b€60.5b15.7x14.9x1.5x
Wed, 08 Nov 2023€836.8b€602.6b€60.3b15.5x13.9x1.4x
Fri, 06 Oct 2023€814.3b€593.1b€50.4b15.8x16.1x1.4x
Sun, 03 Sep 2023€908.8b€588.3b€49.2b17.2x18.5x1.5x
Tue, 01 Aug 2023€938.8b€582.6b€53.6b16.4x17.5x1.6x
Thu, 29 Jun 2023€898.8b€582.3b€52.0b16.9x17.3x1.5x
Sat, 27 May 2023€911.8b€577.0b€47.7b16.9x19.1x1.6x
Mon, 24 Apr 2023€881.1b€575.8b€49.7b17.2x17.7x1.5x
Wed, 22 Mar 2023€738.2b€546.8b€44.8b15.7x16.5x1.3x
Fri, 17 Feb 2023€922.1b€549.5b€49.0b15.6x18.8x1.7x
Sun, 15 Jan 2023€900.0b€540.9b€53.9b14.8x16.7x1.7x
Tue, 13 Dec 2022€862.3b€544.3b€54.5b14.7x15.8x1.6x
Thu, 10 Nov 2022€833.8b€548.1b€72.1b13.3x11.6x1.5x
Sat, 08 Oct 2022€746.6b€511.3b€80.6b12.7x9.3x1.5x
Mon, 05 Sep 2022€803.5b€513.9b€73.3b13.1x11x1.6x
Wed, 03 Aug 2022€879.2b€530.7b€76.0b15.1x11.6x1.7x
Fri, 01 Jul 2022€796.4b€516.3b€74.8b14.4x10.6x1.5x
Sun, 29 May 2022€911.8b€512.7b€75.2b15.5x12.1x1.8x
Tue, 26 Apr 2022€920.5b€520.4b€73.6b17x12.5x1.8x
Thu, 24 Mar 2022€1.2t€719.8b€73.7b17.5x15.7x1.6x
Sat, 19 Feb 2022€1.4t€951.4b€88.4b19x15.6x1.5x
Mon, 17 Jan 2022€1.3t€699.3b€59.2b21.5x21.9x1.9x
Wed, 15 Dec 2021€1.3t€705.3b€59.7b21x21.8x1.8x
Fri, 12 Nov 2021€1.4t€699.3b€43.3b21.7x32.3x2x
Sun, 10 Oct 2021€1.3t€677.2b€41.7b21x31.6x1.9x
Tue, 07 Sep 2021€1.3t€663.5b€40.3b22.6x33.3x2x
Thu, 05 Aug 2021€1.2t€663.5b€40.3b21.9x29.1x1.8x
Sun, 09 May 2021€1.1t€635.3b€8.9b28.5x122.3x1.7x
Price to Earnings Ratio

135.9x


Total Market Cap: €1.1tTotal Earnings: €7.9bTotal Revenue: €630.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Dutch Market Price to Earnings3Y Average 27.3x202220232024
Current Market PE
  • Investors are pessimistic on the Dutch market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 21.6x which is lower than its 3-year average PE of 27.3x.
Past Earnings Growth
  • The earnings for Dutch listed companies have grown 80% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.6% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.

Sector Trends

Which sectors have driven the changes within the Dutch Market?

NL Market-0.41%
Consumer Discretionary1.77%
Financials0.85%
Industrials0.80%
Materials0.49%
Utilities0%
Energy-0.21%
Telecom-0.59%
Consumer Staples-1.14%
Real Estate-1.34%
Tech-1.35%
Healthcare-2.78%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 12.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 41.4% which is higher than its past year's earnings decline of 46.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 56% over the next 5 years.
  • In contrast, the Energy sector is expected to see its earnings decline by 9.5% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
INGA ING Groep€14.294.5%
+€2.0b
35.7%PB0.9xFinancials
PRX Prosus€27.322.2%
+€1.4b
-9.3%PE7xConsumer Discretionary
BESI BE Semiconductor Industries€142.554.8%
+€504.5m
90.2%PE62xTech
MT ArcelorMittal€24.372.0%
+€397.3m
-3.5%PE23.6xMaterials
ABN ABN AMRO Bank€15.283.1%
+€393.7m
6.5%PB0.5xFinancials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

CCEP

€65.60

Coca-Cola Europacific Partners

7D

0.8%

1Y

25.9%

WKL

€145.20

Wolters Kluwer

7D

1.0%

1Y

27.6%

MT

€24.37

ArcelorMittal

7D

2.0%

1Y

-3.5%

INGA

€14.29

ING Groep

7D

4.5%

1Y

35.7%

ADYEN

€1,443.80

Adyen

7D

-2.5%

1Y

2.9%

KPN

€3.33

Koninklijke KPN

7D

-3.5%

1Y

1.9%

AD

€27.15

Koninklijke Ahold Delhaize

7D

-1.5%

1Y

-11.0%

PHIA

€19.09

Koninklijke Philips

7D

-2.8%

1Y

33.7%

PRX

€27.32

Prosus

7D

2.2%

1Y

-9.3%

EXO

€101.95

Exor

7D

0.7%

1Y

37.4%