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May 09
Belgian (BEL20) Financials Sector Analysis
UpdatedMay 18, 2024
DataAggregated Company Financials
Companies30
- 7D-3.3%
- 3M-1.1%
- 1Y2.3%
- YTD2.3%
Over the last 7 days, the Financials industry has dropped 3.3%, driven by BNP Paribas Fortis declining 10.0%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 1.4% 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 |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €77.6b | €38.6b | €8.8b | 9.3x | 8.9x | 2x |
| Tue, 16 Apr 2024 | €79.1b | €39.0b | €9.1b | 9.8x | 8.7x | 2x |
| Thu, 14 Mar 2024 | €78.8b | €45.4b | €8.4b | 8.4x | 9.4x | 1.7x |
| Sat, 10 Feb 2024 | €53.4b | €34.1b | €5.0b | 9.6x | 10.6x | 1.6x |
| Mon, 08 Jan 2024 | €76.6b | €43.5b | €8.4b | 8.6x | 9.2x | 1.8x |
| Wed, 06 Dec 2023 | €73.7b | €43.5b | €8.4b | 9.2x | 8.8x | 1.7x |
| Fri, 03 Nov 2023 | €68.6b | €41.2b | €7.5b | 9.3x | 9.1x | 1.7x |
| Sun, 01 Oct 2023 | €71.7b | €41.2b | €7.5b | 10x | 9.5x | 1.7x |
| Tue, 29 Aug 2023 | €69.2b | €37.8b | €8.0b | 7.6x | 8.6x | 1.8x |
| Thu, 27 Jul 2023 | €72.8b | €36.8b | €7.5b | 7.2x | 9.7x | 2x |
| Sat, 24 Jun 2023 | €68.8b | €36.9b | €7.5b | 7.7x | 9.2x | 1.9x |
| Mon, 22 May 2023 | €72.5b | €36.9b | €7.5b | 7.7x | 9.7x | 2x |
| Wed, 19 Apr 2023 | €77.4b | €37.0b | €7.3b | 7.9x | 10.6x | 2.1x |
| Fri, 17 Mar 2023 | €74.9b | €37.2b | €7.7b | 7.7x | 9.7x | 2x |
| Sun, 12 Feb 2023 | €78.4b | €37.2b | €7.8b | 8.2x | 10x | 2.1x |
| Tue, 10 Jan 2023 | €72.0b | €37.0b | €7.8b | 8.1x | 9.2x | 1.9x |
| Thu, 08 Dec 2022 | €68.3b | €37.0b | €7.8b | 8x | 8.8x | 1.8x |
| Sat, 05 Nov 2022 | €64.9b | €37.1b | €8.0b | 7.6x | 8.1x | 1.8x |
| Mon, 03 Oct 2022 | €62.5b | €37.1b | €8.0b | 7.3x | 7.8x | 1.7x |
| Wed, 31 Aug 2022 | €70.3b | €40.5b | €10.8b | 7.8x | 6.5x | 1.7x |
| Fri, 29 Jul 2022 | €72.9b | €41.5b | €10.9b | 7.9x | 6.7x | 1.8x |
| Sun, 26 Jun 2022 | €74.7b | €41.5b | €10.9b | 8.1x | 6.9x | 1.8x |
| Tue, 24 May 2022 | €84.4b | €41.5b | €10.9b | 8.1x | 7.7x | 2x |
| Thu, 21 Apr 2022 | €90.0b | €42.7b | €11.7b | 8.5x | 7.7x | 2.1x |
| Sat, 19 Mar 2022 | €90.2b | €42.5b | €11.8b | 7.9x | 7.7x | 2.1x |
| Mon, 14 Feb 2022 | €92.0b | €42.4b | €11.7b | 6.7x | 7.8x | 2.2x |
| Wed, 12 Jan 2022 | €95.4b | €42.2b | €11.4b | 6.4x | 8.4x | 2.3x |
| Fri, 10 Dec 2021 | €94.6b | €42.2b | €11.4b | 6x | 8.3x | 2.2x |
| Sun, 07 Nov 2021 | €100.0b | €41.5b | €11.5b | 7.5x | 8.7x | 2.4x |
| Tue, 05 Oct 2021 | €94.1b | €45.1b | €11.8b | 6.8x | 8x | 2.1x |
| Thu, 02 Sep 2021 | €93.6b | €45.6b | €11.8b | 7.2x | 7.9x | 2.1x |
| Sat, 31 Jul 2021 | €91.8b | €45.6b | €11.8b | 7x | 7.8x | 2x |
Price to Earnings Ratio
9.3x
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 8.6x.
- The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Financials industry have declined 4.1% per year over the last three years,
- Revenues have also declined 3.8% 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 Belgian Financials sector?
| BE Market | 0.39% | |
| Financials | -3.35% | |
| Insurance | 2.52% | |
| Diversified Financial | 1.60% | |
| Capital Markets | 0.09% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Banks | -5.99% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 3.9%, which is less than its past year's earnings decline of 82.3%.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 6.7% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 3.9% 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 | |
|---|---|---|---|---|---|
| AGS ageas | €47.02 | 2.5% +€213.1m | 14.0% | PE9.1x | |
| SOF Sofina Société Anonyme | €227.00 | 1.9% +€139.4m | 12.4% | PB0.8x | |
| GBLB Groupe Bruxelles Lambert | €71.55 | 1.3% +€116.2m | -6.9% | PE20.2x | |
| ROCK Whitestone Group | €13.30 | 0.8% +€18.4m | 33.0% | PS0.2x | |
| GIMB Gimv | €45.95 | 1.0% +€12.5m | 3.6% | PE7.4x |