Belgian (BEL20) Financials Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies22
- 7D-1.3%
- 3M-11.8%
- 1Y-4.5%
- YTD-4.1%
Over the last 7 days, the Financials industry has dropped 1.3%, driven by ageas declining 3.4%. Overall the industry is down 4.5% in 12 months. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Belgian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | €67.5b | €41.2b | €7.5b | 9.2x | 9x | 1.6x |
| Wed, 27 Sep 2023 | €72.0b | €41.2b | €7.9b | 8.9x | 9.1x | 1.7x |
| Fri, 25 Aug 2023 | €68.9b | €37.8b | €8.0b | 7.2x | 8.6x | 1.8x |
| Sun, 23 Jul 2023 | €72.0b | €36.8b | €7.5b | 7.2x | 9.6x | 2x |
| Tue, 20 Jun 2023 | €71.2b | €36.9b | €7.5b | 8x | 9.5x | 1.9x |
| Thu, 18 May 2023 | €47.4b | €28.3b | €4.4b | 7.5x | 10.9x | 1.7x |
| Sat, 15 Apr 2023 | €77.4b | €37.2b | €7.3b | 7.9x | 10.6x | 2.1x |
| Mon, 13 Mar 2023 | €77.3b | €37.1b | €7.7b | 7.8x | 10x | 2.1x |
| Wed, 08 Feb 2023 | €76.9b | €37.0b | €7.7b | 8.1x | 10x | 2.1x |
| Fri, 06 Jan 2023 | €71.3b | €37.0b | €7.8b | 8x | 9.1x | 1.9x |
| Sun, 04 Dec 2022 | €67.9b | €37.0b | €7.8b | 8x | 8.7x | 1.8x |
| Tue, 01 Nov 2022 | €63.6b | €37.1b | €8.0b | 7.5x | 7.9x | 1.7x |
| Thu, 29 Sep 2022 | €63.0b | €37.9b | €8.0b | 7.3x | 7.9x | 1.7x |
| Sat, 27 Aug 2022 | €69.5b | €39.6b | €10.7b | 7.8x | 6.5x | 1.8x |
| Mon, 25 Jul 2022 | €72.7b | €41.5b | €10.9b | 7.9x | 6.7x | 1.8x |
| Wed, 22 Jun 2022 | €75.3b | €41.5b | €10.9b | 8.1x | 6.9x | 1.8x |
| Fri, 20 May 2022 | €82.5b | €42.7b | €11.0b | 7.9x | 7.5x | 1.9x |
| Sun, 17 Apr 2022 | €88.7b | €42.7b | €11.7b | 8.6x | 7.6x | 2.1x |
| Tue, 15 Mar 2022 | €86.3b | €42.5b | €11.8b | 8x | 7.3x | 2x |
| Thu, 10 Feb 2022 | €93.3b | €42.2b | €11.6b | 6.7x | 8x | 2.2x |
| Sat, 08 Jan 2022 | €97.4b | €42.2b | €11.4b | 6.7x | 8.6x | 2.3x |
| Mon, 06 Dec 2021 | €92.9b | €42.2b | €11.4b | 6.2x | 8.2x | 2.2x |
| Wed, 03 Nov 2021 | €98.6b | €41.1b | €11.5b | 7.3x | 8.6x | 2.4x |
| Fri, 01 Oct 2021 | €94.7b | €45.7b | €11.8b | 6.8x | 8x | 2.1x |
| Sun, 29 Aug 2021 | €92.7b | €45.6b | €11.8b | 7.2x | 7.9x | 2x |
| Mon, 05 Jul 2021 | €89.0b | €45.6b | €11.8b | 6.8x | 7.5x | 1.9x |
| Thu, 08 Apr 2021 | €89.8b | €43.4b | €9.9b | 11.1x | 9x | 2.1x |
| Sun, 10 Jan 2021 | €78.2b | €39.0b | €7.4b | 15.8x | 10.6x | 2x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are relatively neutral on the Belgian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.8x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.5% 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 Belgian Financials sector?
| BE Market | -0.90% | |
| Financials | -1.34% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Diversified Financial | -0.46% | |
| Banks | -0.97% | |
| Capital Markets | -2.77% | |
| Insurance | -5.10% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 1.1x.
- 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 Diversified Financial industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings growth rate of 29% per year.
- In contrast, the Insurance industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| SOF Sofina Société Anonyme | €177.90 | 3.1% +€176.4m | -9.9% | PB0.6x | |
| KBC KBC Group | €51.98 | 0.04% +€8.3m | 2.5% | PB0.9x | |
| BREB Brederode | €84.00 | 0.2% +€5.9m | -13.0% | PE14.9x | |
| KEYW Keyware Technologies | €0.90 | 3.4% +€675.5k | -13.5% | PE12.4x | |
| 1160663 Groupe Josi | €1.43k | 0.1% +€20.0 | n/a | n/a |