Prosus' (AMS:PRX) Anemic Earnings Might Be Worse Than You Think
Jul 01
Dutch (AEX) Consumer Discretionary Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies10
- 7D-3.4%
- 3M-0.5%
- 1Y-2.9%
- YTD15.2%
Over the last 7 days, the Consumer Discretionary industry has dropped 1.9%, driven by a pullback from Prosus of 2.2%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 6.8% per annum.
Sector Valuation and Performance
Has the Dutch Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €82.3b | €14.1b | €4.5b | 16.9x | 18.3x | 5.9x |
| Sun, 23 Jun 2024 | €89.7b | €14.7b | €8.1b | 17.6x | 11.1x | 6.1x |
| Tue, 21 May 2024 | €92.7b | €14.6b | €7.9b | 18x | 11.7x | 6.4x |
| Thu, 18 Apr 2024 | €76.0b | €14.7b | €8.1b | 20.1x | 9.4x | 5.2x |
| Sat, 16 Mar 2024 | €73.0b | €14.6b | €7.9b | 19.8x | 9.2x | 5x |
| Mon, 12 Feb 2024 | €80.2b | €14.7b | €7.4b | 36.8x | 10.9x | 5.4x |
| Wed, 10 Jan 2024 | €82.7b | €18.7b | €14.5b | 21.8x | 5.7x | 4.4x |
| Fri, 08 Dec 2023 | €91.1b | €18.7b | €14.7b | 21.5x | 6.2x | 4.9x |
| Sun, 05 Nov 2023 | €86.6b | €18.5b | €13.7b | 21.9x | 6.3x | 4.7x |
| Tue, 03 Oct 2023 | €86.1b | €18.6b | €13.9b | 21.4x | 6.2x | 4.6x |
| Thu, 31 Aug 2023 | €127.9b | €18.4b | €13.6b | 21.4x | 9.4x | 6.9x |
| Sat, 29 Jul 2023 | €103.0b | €18.3b | €13.5b | 21.4x | 7.6x | 5.6x |
| Mon, 26 Jun 2023 | €92.3b | €19.8b | €6.4b | 16.1x | 14.3x | 4.7x |
| Wed, 24 May 2023 | €99.1b | €19.9b | €6.5b | 16.2x | 15.3x | 5x |
| Fri, 21 Apr 2023 | €104.3b | €19.8b | €6.4b | 17.4x | 16.3x | 5.3x |
| Sun, 19 Mar 2023 | €15.3b | €12.9b | €1.6b | 15.4x | 9.6x | 1.2x |
| Tue, 14 Feb 2023 | €114.5b | €19.6b | €8.2b | 18.8x | 14x | 5.8x |
| Thu, 12 Jan 2023 | €115.6b | €19.6b | €8.2b | 17.6x | 14.1x | 5.9x |
| Sat, 10 Dec 2022 | €101.1b | €19.7b | €8.3b | 17.2x | 12.2x | 5.1x |
| Mon, 07 Nov 2022 | €82.2b | €19.6b | €22.2b | 11.7x | 3.7x | 4.2x |
| Wed, 05 Oct 2022 | €92.0b | €19.5b | €22.0b | 11.7x | 4.2x | 4.7x |
| Fri, 02 Sep 2022 | €96.5b | €21.8b | €15.5b | 11.5x | 6.2x | 4.4x |
| Sun, 31 Jul 2022 | €103.9b | €20.1b | €17.9b | 11.1x | 5.8x | 5.2x |
| Tue, 28 Jun 2022 | €167.1b | €19.6b | €17.2b | 11.4x | 9.7x | 8.5x |
| Thu, 26 May 2022 | €125.8b | €18.5b | €18.4b | 14.7x | 6.8x | 6.8x |
| Sat, 23 Apr 2022 | €128.4b | €18.4b | €18.2b | 15.8x | 7x | 7x |
| Mon, 21 Mar 2022 | €164.1b | €23.4b | €18.0b | 17.8x | 9.1x | 7x |
| Wed, 16 Feb 2022 | €200.8b | €21.6b | €17.9b | 19.5x | 11.2x | 9.3x |
| Fri, 14 Jan 2022 | €229.2b | €21.5b | €17.7b | 17.8x | 13x | 10.7x |
| Sun, 12 Dec 2021 | €254.5b | €21.7b | €17.9b | 19.2x | 14.2x | 11.8x |
| Tue, 09 Nov 2021 | €259.1b | €20.6b | €6.3b | 21.3x | 41x | 12.6x |
| Thu, 07 Oct 2021 | €244.9b | €20.6b | €6.3b | 21x | 38.8x | 11.9x |
| Sat, 04 Sep 2021 | €280.8b | €20.4b | €6.2b | 22.6x | 45.4x | 13.7x |
| Mon, 02 Aug 2021 | €154.9b | €20.4b | €6.2b | 20x | 25x | 7.6x |
Price to Earnings Ratio
25x
Current Industry PE
- Investors are optimistic on the Dutch Consumer Discretionary industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 13.1x.
- The 3-year average PS ratio of 6.6x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have declined 10.0% per year over the last three years,
- Revenues have also declined 12% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Dutch Consumer Discretionary sector?
| NL Market | -3.90% | |
| Consumer Discretionary | -3.44% | |
| Consumer Durables | 2.31% | |
| Auto | 0% | |
| Leisure | 0% | |
| Luxury | 0% | |
| Consumer Services | 0% | |
| Online Retail and Ecommerce | 0% | |
| Auto Components | -2.78% | |
| Retail Distributors | -3.00% | |
| Specialty Stores | -3.37% | |
| General Merchandise and Department Stores | -3.45% | |
| Hospitality | -3.55% | |
Industry PE
- Investors are most optimistic about the Consumer Durables industry which is trading above its 3-year average PE ratio of 19.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 89% over the next 5 years.
- In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 2.6% 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 | |
|---|---|---|---|---|---|
| BFIT Basic-Fit | €21.92 | 1.5% +€21.1m | -30.4% | PS1.4x | |
| BBED Beter Bed Holding | €5.98 | 0.3% +€550.8k | 111.3% | PE21.5x | |
| PORF B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 | €13.30 | 2.3% +€298.0k | -0.7% | PE89.9x |
