Are Investors Undervaluing DSM-Firmenich AG (AMS:DSFIR) By 23%?
Nov 19
Dutch (AEX) Materials Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies11
- 7D-0.5%
- 3M-4.3%
- 1Y-14.8%
- YTD-17.0%
Over the last 7 days, the Materials industry has remained flat, although notably ArcelorMittal gained 3.4%. Unfortunately though, the industry is down 15% over the past 12 months. As for the next few years, earnings are expected to grow by 25% per annum.
Sector Valuation and Performance
Has the Dutch Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | €63.8b | €108.6b | €4.5b | 11.4x | 14.1x | 0.6x |
| Mon, 30 Oct 2023 | €58.7b | €114.6b | €5.3b | 7.2x | 11x | 0.5x |
| Wed, 27 Sep 2023 | €62.3b | €114.7b | €5.2b | 7.4x | 11.9x | 0.5x |
| Fri, 25 Aug 2023 | €65.1b | €112.8b | €5.1b | 7.4x | 12.7x | 0.6x |
| Sun, 23 Jul 2023 | €70.5b | €115.8b | €8.4b | 7.9x | 8.4x | 0.6x |
| Tue, 20 Jun 2023 | €68.3b | €117.2b | €8.5b | 7.4x | 8x | 0.6x |
| Thu, 18 May 2023 | €74.0b | €109.5b | €8.1b | 7.5x | 9.1x | 0.7x |
| Sat, 15 Apr 2023 | €65.8b | €112.4b | €11.3b | 7.3x | 5.8x | 0.6x |
| Mon, 13 Mar 2023 | €67.3b | €115.1b | €11.6b | 10.3x | 5.8x | 0.6x |
| Wed, 08 Feb 2023 | €68.8b | €119.0b | €16.5b | 11.6x | 4.2x | 0.6x |
| Fri, 06 Jan 2023 | €66.0b | €120.6b | €16.8b | 10.7x | 3.9x | 0.5x |
| Sun, 04 Dec 2022 | €69.1b | €120.9b | €16.8b | 11.6x | 4.1x | 0.6x |
| Tue, 01 Nov 2022 | €64.0b | €126.1b | €21.0b | 14.4x | 3x | 0.5x |
| Thu, 29 Sep 2022 | €59.3b | €128.1b | €21.6b | 10.7x | 2.7x | 0.5x |
| Sat, 27 Aug 2022 | €67.8b | €124.6b | €20.9b | 13.1x | 3.2x | 0.5x |
| Mon, 25 Jul 2022 | €68.8b | €116.3b | €20.2b | 15.9x | 3.4x | 0.6x |
| Wed, 22 Jun 2022 | €69.1b | €113.1b | €19.8b | 14.3x | 3.5x | 0.6x |
| Fri, 20 May 2022 | €75.3b | €112.9b | €19.7b | 15.3x | 3.8x | 0.7x |
| Sun, 17 Apr 2022 | €83.3b | €103.3b | €17.4b | 16.1x | 4.8x | 0.8x |
| Tue, 15 Mar 2022 | €78.7b | €101.9b | €17.1b | 13.6x | 4.6x | 0.8x |
| Thu, 10 Feb 2022 | €84.1b | €90.6b | €13.0b | 18.6x | 6.5x | 0.9x |
| Sat, 08 Jan 2022 | €89.9b | €91.1b | €13.1b | 21x | 6.9x | 1x |
| Mon, 06 Dec 2021 | €84.7b | €91.4b | €13.1b | 20.3x | 6.4x | 0.9x |
| Wed, 03 Nov 2021 | €90.2b | €82.6b | €8.4b | 20.5x | 10.7x | 1.1x |
| Fri, 01 Oct 2021 | €84.3b | €82.3b | €8.5b | 16.9x | 10x | 1x |
| Sun, 29 Aug 2021 | €91.7b | €81.0b | €8.3b | 18.4x | 11x | 1.1x |
| Mon, 05 Jul 2021 | €84.9b | €81.0b | €8.3b | 19.1x | 10.2x | 1x |
| Thu, 08 Apr 2021 | €79.6b | €72.4b | €3.9b | 18.2x | 20.6x | 1.1x |
| Sun, 10 Jan 2021 | €70.4b | €68.7b | €567.3m | 21.9x | 124x | 1x |
Price to Earnings Ratio
-29x
Current Industry PE
- Investors are pessimistic on the Dutch Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.1x which is lower than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- Total earnings for the Materials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Dutch Materials sector?
| NL Market | 0.58% | |
| Materials | -0.45% | |
| Metals and Mining | 4.97% | |
| Packaging | 2.26% | |
| Basic Materials | 0% | |
| Paper and Forestry Products | 0% | |
| Chemicals | -3.22% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 29.0x.
- Analysts are expecting annual earnings growth of 36.5%, which is higher than its past year's earnings decline of 23.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Metals and Mining industry is expected to see its earnings grow by 3.2% 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 | |
|---|---|---|---|---|---|
| MT ArcelorMittal | €23.48 | 5.1% +€951.1m | -8.5% | PE5.2x | |
| AKZA Akzo Nobel | €71.14 | 2.5% +€296.8m | 4.2% | PE29.5x | |
| APAM Aperam | €30.94 | 4.6% +€97.5m | 3.8% | PE16.8x | |
| AMG AMG Critical Materials | €21.96 | 3.2% +€21.7m | -41.4% | PE4.8x | |
| HYDRA Hydratec Industries | €94.00 | 5.0% +€5.8m | 25.3% | PE8x |