IEX Group N.V. (AMS:IEX) Surges 41% Yet Its Low P/E Is No Reason For Excitement
Jan 18
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Dutch (AEX) Telecom Sector Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies6
- 7D2.3%
- 3M2.3%
- 1Y-6.3%
- YTD1.4%
The Telecom industry is up 2.1% in the last week, with Universal Music Group up 2.5%. However, the industry is down 6.5% over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.
Sector Valuation and Performance
Has the Dutch Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | €61.1b | €20.7b | €2.5b | 13.2x | 24.8x | 2.9x |
| Thu, 19 Dec 2024 | €61.4b | €17.8b | €2.3b | 17.3x | 26.8x | 3.4x |
| Sat, 16 Nov 2024 | €56.3b | €17.8b | €2.4b | 13.1x | 23.9x | 3.2x |
| Mon, 14 Oct 2024 | €58.0b | €17.7b | €2.3b | 14x | 24.7x | 3.3x |
| Wed, 11 Sep 2024 | €57.1b | €17.7b | €2.3b | 14.4x | 24.3x | 3.2x |
| Fri, 09 Aug 2024 | €55.0b | €17.7b | €2.4b | 12.9x | 23.4x | 3.1x |
| Sun, 07 Jul 2024 | €65.7b | €17.3b | €2.1b | 13.8x | 32.1x | 3.8x |
| Tue, 04 Jun 2024 | €66.6b | €17.3b | €2.1b | 12.8x | 32.5x | 3.8x |
| Thu, 02 May 2024 | €64.3b | €17.3b | €2.1b | 15.6x | 31.2x | 3.7x |
| Sat, 30 Mar 2024 | €64.9b | €17.3b | €2.1b | 15.2x | 31.2x | 3.8x |
| Mon, 26 Feb 2024 | €62.9b | €17.0b | €2.1b | 13x | 30.1x | 3.7x |
| Wed, 24 Jan 2024 | €62.8b | €16.9b | €2.1b | 13.4x | 30.5x | 3.7x |
| Fri, 22 Dec 2023 | €59.8b | €16.9b | €2.1b | 14.9x | 29.1x | 3.5x |
| Sun, 19 Nov 2023 | €56.8b | €16.9b | €2.0b | 14.7x | 28.4x | 3.4x |
| Tue, 17 Oct 2023 | €58.0b | €16.9b | €2.0b | 14.6x | 29.3x | 3.4x |
| Thu, 14 Sep 2023 | €55.9b | €16.9b | €2.0b | 15x | 28.1x | 3.3x |
| Sat, 12 Aug 2023 | €56.0b | €16.8b | €2.0b | 14.6x | 28.1x | 3.3x |
| Mon, 10 Jul 2023 | €51.0b | €16.4b | €1.6b | 12.1x | 32.2x | 3.1x |
| Wed, 07 Jun 2023 | €47.7b | €16.4b | €1.6b | 11.5x | 30.1x | 2.9x |
| Fri, 05 May 2023 | €47.9b | €16.4b | €1.4b | 17.6x | 33.2x | 2.9x |
| Sun, 02 Apr 2023 | €55.8b | €16.4b | €1.5b | 13.9x | 38.3x | 3.4x |
| Tue, 28 Feb 2023 | €54.8b | €15.4b | €1.4b | 13.7x | 38.4x | 3.6x |
| Thu, 26 Jan 2023 | €54.8b | €15.4b | €1.3b | 16.8x | 41.3x | 3.6x |
| Sat, 24 Dec 2022 | €53.0b | €15.4b | €1.3b | 16.2x | 39.9x | 3.4x |
| Mon, 21 Nov 2022 | €53.9b | €15.4b | €1.2b | 16x | 43.4x | 3.5x |
| Wed, 19 Oct 2022 | €51.2b | €15.4b | €1.2b | 16.2x | 42.1x | 3.3x |
| Fri, 16 Sep 2022 | €53.5b | €15.3b | €1.2b | 18x | 44.6x | 3.5x |
| Sun, 14 Aug 2022 | €56.6b | €14.9b | €1.3b | 18.2x | 42.5x | 3.8x |
| Tue, 12 Jul 2022 | €57.0b | €14.0b | €2.2b | 15.3x | 26.5x | 4.1x |
| Thu, 09 Jun 2022 | €52.5b | €14.0b | €2.1b | 14.8x | 24.8x | 3.8x |
| Sat, 07 May 2022 | €51.4b | €14.0b | €2.1b | 14x | 24.3x | 3.7x |
| Mon, 04 Apr 2022 | €56.7b | €14.0b | €2.1b | 15.2x | 26.8x | 4.1x |
| Wed, 02 Mar 2022 | €49.9b | €13.2b | €2.4b | 15.5x | 21.2x | 3.8x |
| Fri, 28 Jan 2022 | €52.1b | €14.1b | €2.4b | 14.8x | 22x | 3.7x |
Price to Earnings Ratio
22x
Current Industry PE
- Investors are pessimistic on the Dutch Communication Services 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 24.7x which is lower than its 3-year average PE of 31.0x.
- The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Dutch Telecom sector?
| NL Market | 4.42% | |
| Telecom | 2.33% | |
| Entertainment | 2.65% | |
| Telecom Services and Carriers | 1.47% | |
| Media | 0% | 0 |
| Wireless Telecom | 0% | 0 |
| Interactive Media and Services | -4.68% | |
Industry PE
- Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 43.9x.
- Analysts are expecting annual earnings growth of 5.8%, which is lower than the prior year's growth of 32.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 114% over the next 5 years.
- This is better than its past earnings growth rate of 59% per year.
- In contrast, the Entertainment industry is expected to see its earnings grow by 5.8% 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 | |
|---|---|---|---|---|---|
| UMG Universal Music Group | €24.70 | 2.7% +€1.2b | -11.0% | PE29.2x | |
| KPN Koninklijke KPN | €3.60 | 1.5% +€202.2m | 13.0% | PE17.5x | |
| HAVAS Havas | €1.53 | 1.6% +€24.4m | n/a | PE8.8x | |
| AJAX AFC Ajax | €9.88 | 0.2% +€366.7k | -5.5% | PS1.2x |
