August 22, 2024
Snapshot Top 10: Belgian 20 Index BEL20



The Top 10 performing stocks in the Belgian 20 Index BEL20 are shown for seven different investment strategies. Whether you are looking for value, growth or dividend stocks, or you want stocks that rank well overall, you can see the top 10 stock picks, together with how they rank on a scale of 1 to 100 from the perspective of different investment strategies. We have also added our newest Sentiment and 360° View ranks, which encapsulate the market voices of analysts and professional investors into a simple ranking for easily evaluating stocks. As an objective research provider, Obermatt has been refining its stock analysis algorithms for more than 10 years (no AI used here!)

Select any stock for the detailed analysis of that stock's performance across the different investment analyses. Please note that the Top 10 stocks focus only on Large to XX-Large companies.


What the six ranks mean

For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Special Analysis: TOP 10 Dividend Investment Strategy

Many people ask for tips about dividend stocks. These are the Top 10 dividend stocks in the Belgian 20 Index BEL20 as of August 22, 2024.

TOP 10 Dividend Investment Strategy Value Strategy DIVIDEND Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Solvay (XXL, BE) ☀  Diversified Chemicals
1. Solvay (XXL, BE) ☀   Diversified Chemicals 100 75 52 51
2. Umicore (XXL, BE) ☀  Specialty Chemicals
2. Umicore (XXL, BE) ☀   Specialty Chemicals 96 84 23 24
3. Aperam (XL, LU) ☀  Steel
3. Aperam (XL, LU) ☀   Steel 96 80 82 79
4. Barco (L, BE)  Electronic Equipment
4. Barco (L, BE)   Electronic Equipment 90 94 91 66
5. Proximus (XL, BE)  Integrated Telecommunication
5. Proximus (XL, BE)   Integrated Telecommunication 88 100 69 65
6. Ageas (XXL, BE)  Multi-line Insurance
6. Ageas (XXL, BE)   Multi-line Insurance 77 89 94 21
7. Etablissementen Franz Colruyt (XL, BE)  Food Retail
7. Etablissementen Franz Colruyt (XL, BE)   Food Retail 67 44 57 61
8. Ackermans & van Haaren (XL, BE)  Construction & Engineering
8. Ackermans & van Haaren (XL, BE)   Construction & Engineering 54 74 53 58
9. UCB (XL, BE)  Pharmaceuticals
9. UCB (XL, BE)   Pharmaceuticals 49 17 33 29
10. KBC (XXL, BE)  Diversified Banks
10. KBC (XXL, BE)   Diversified Banks 48 40 12 14

☀ This company has a special achievement which is documented on its stock research page.

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Obermatt 360° Investment Strategy

TOP 10 Obermatt 360° Investment Strategy 360° Strategy 360° VIEW Value Strategy VALUE Combined Strategy COMBINED Sentiment Strategy SENTIMENT
1. Aperam (XL, LU) ☀   Steel
1. Aperam (XL, LU) ☀   Steel 79 80 82 39
2. Barco (L, BE)   Electronic Equipment
2. Barco (L, BE)   Electronic Equipment 66 94 91 28
3. Telenet (L, BE)   Cable & Satellite
3. Telenet (L, BE)   Cable & Satellite 66 91 86 35
4. Proximus (XL, BE)   Integrated Telecommunication
4. Proximus (XL, BE)   Integrated Telecommunication 65 100 69 38
5. Etablissementen Franz Colruyt (XL, BE)   Food Retail
5. Etablissementen Franz Colruyt (XL, BE)   Food Retail 61 44 57 58
6. Ackermans & van Haaren (XL, BE)   Construction & Engineering
6. Ackermans & van Haaren (XL, BE)   Construction & Engineering 58 74 53 65
7. Solvay (XXL, BE) ☀   Diversified Chemicals
7. Solvay (XXL, BE) ☀   Diversified Chemicals 51 75 52 60
8. Anheuser-Busch InBev (XXL, BE) ☀   Brewers
8. Anheuser-Busch InBev (XXL, BE) ☀   Brewers 34 34 14 74
9. UCB (XL, BE)   Pharmaceuticals
9. UCB (XL, BE)   Pharmaceuticals 29 17 33 51

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Sentiment Investment Strategy

TOP 10 Sentiment Investment Strategy Sentiment Strategy SENTIMENT Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Anheuser-Busch InBev (XXL, BE) ☀   Brewers
1. Anheuser-Busch InBev (XXL, BE) ☀   Brewers 74 34 14 34
2. Ackermans & van Haaren (XL, BE)   Construction & Engineering
2. Ackermans & van Haaren (XL, BE)   Construction & Engineering 65 74 53 58
3. Solvay (XXL, BE) ☀   Diversified Chemicals
3. Solvay (XXL, BE) ☀   Diversified Chemicals 60 75 52 51
4. Etablissementen Franz Colruyt (XL, BE)   Food Retail
4. Etablissementen Franz Colruyt (XL, BE)   Food Retail 58 44 57 61
5. UCB (XL, BE)   Pharmaceuticals
5. UCB (XL, BE)   Pharmaceuticals 51 17 33 29
6. ING (XXL, NL)   Diversified Banks
6. ING (XXL, NL)   Diversified Banks 50 35 3 1
7. Aperam (XL, LU) ☀   Steel
7. Aperam (XL, LU) ☀   Steel 39 80 82 79
8. Proximus (XL, BE)   Integrated Telecommunication
8. Proximus (XL, BE)   Integrated Telecommunication 38 100 69 65
9. KBC (XXL, BE)   Diversified Banks
9. KBC (XXL, BE)   Diversified Banks 35 40 12 14
10. Telenet (L, BE)   Cable & Satellite
10. Telenet (L, BE)   Cable & Satellite 35 91 86 66

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Value Investment Strategy

TOP 10 Value Investment Strategy Value Strategy VALUE Growth Strategy GROWTH Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Proximus (XL, BE)   Integrated Telecommunication
1. Proximus (XL, BE)   Integrated Telecommunication 100 33 69 65
2. Barco (L, BE)   Electronic Equipment
2. Barco (L, BE)   Electronic Equipment 94 9 91 66
3. Telenet (L, BE)   Cable & Satellite
3. Telenet (L, BE)   Cable & Satellite 91 57 86 66
4. Ageas (XXL, BE)   Multi-line Insurance
4. Ageas (XXL, BE)   Multi-line Insurance 89 71 94 21
5. Umicore (XXL, BE) ☀   Specialty Chemicals
5. Umicore (XXL, BE) ☀   Specialty Chemicals 84 1 23 24
6. Aperam (XL, LU) ☀   Steel
6. Aperam (XL, LU) ☀   Steel 80 77 82 79
7. Solvay (XXL, BE) ☀   Diversified Chemicals
7. Solvay (XXL, BE) ☀   Diversified Chemicals 75 51 52 51
8. Ackermans & van Haaren (XL, BE)   Construction & Engineering
8. Ackermans & van Haaren (XL, BE)   Construction & Engineering 74 63 53 58
9. Etablissementen Franz Colruyt (XL, BE)   Food Retail
9. Etablissementen Franz Colruyt (XL, BE)   Food Retail 44 27 57 61
10. KBC (XXL, BE)   Diversified Banks
10. KBC (XXL, BE)   Diversified Banks 40 40 12 14

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Growth Investment Strategy

TOP 10 Growth Investment Strategy Growth Strategy GROWTH Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. UCB (XL, BE)   Pharmaceuticals
1. UCB (XL, BE)   Pharmaceuticals 92 17 33 29
2. Aperam (XL, LU) ☀   Steel
2. Aperam (XL, LU) ☀   Steel 77 80 82 79
3. Ageas (XXL, BE)   Multi-line Insurance
3. Ageas (XXL, BE)   Multi-line Insurance 71 89 94 21
4. Ackermans & van Haaren (XL, BE)   Construction & Engineering
4. Ackermans & van Haaren (XL, BE)   Construction & Engineering 63 74 53 58
5. Telenet (L, BE)   Cable & Satellite
5. Telenet (L, BE)   Cable & Satellite 57 91 86 66
6. Anheuser-Busch InBev (XXL, BE) ☀   Brewers
6. Anheuser-Busch InBev (XXL, BE) ☀   Brewers 55 34 14 34
7. Solvay (XXL, BE) ☀   Diversified Chemicals
7. Solvay (XXL, BE) ☀   Diversified Chemicals 51 75 52 51
8. KBC (XXL, BE)   Diversified Banks
8. KBC (XXL, BE)   Diversified Banks 40 40 12 14
9. Proximus (XL, BE)   Integrated Telecommunication
9. Proximus (XL, BE)   Integrated Telecommunication 33 100 69 65
10. Etablissementen Franz Colruyt (XL, BE)   Food Retail
10. Etablissementen Franz Colruyt (XL, BE)   Food Retail 27 44 57 61

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Safety Investment Strategy

TOP 10 Safety Investment Strategy Safety Strategy SAFETY Value Strategy VALUE Combined Strategy COMBINED 360° Strategy 360° VIEW
1. Barco (L, BE)  Electronic Equipment
1. Barco (L, BE)   Electronic Equipment 100 94 91 66
2. Etablissementen Franz Colruyt (XL, BE)  Food Retail
2. Etablissementen Franz Colruyt (XL, BE)   Food Retail 92 44 57 61
3. Ageas (XXL, BE)  Multi-line Insurance
3. Ageas (XXL, BE)   Multi-line Insurance 87 89 94 21
4. Aperam (XL, LU) ☀  Steel
4. Aperam (XL, LU) ☀   Steel 52 80 82 79
5. Proximus (XL, BE)  Integrated Telecommunication
5. Proximus (XL, BE)   Integrated Telecommunication 39 100 69 65
6. Umicore (XXL, BE) ☀  Specialty Chemicals
6. Umicore (XXL, BE) ☀   Specialty Chemicals 34 84 23 24
7. KBC (XXL, BE)  Diversified Banks
7. KBC (XXL, BE)   Diversified Banks 30 40 12 14

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


BEL20 Top 10: Combined Investment Strategy

TOP 10 Combined Investment Strategy Combined Strategy COMBINED Value Strategy VALUE Growth Strategy GROWTH 360° Strategy 360° VIEW
1. Ageas (XXL, BE)  Multi-line Insurance
1. Ageas (XXL, BE)   Multi-line Insurance 94 89 71 21
2. Barco (L, BE)  Electronic Equipment
2. Barco (L, BE)   Electronic Equipment 91 94 9 66
3. Telenet (L, BE)  Cable & Satellite
3. Telenet (L, BE)   Cable & Satellite 86 91 57 66
4. Aperam (XL, LU) ☀  Steel
4. Aperam (XL, LU) ☀   Steel 82 80 77 79
5. Proximus (XL, BE)  Integrated Telecommunication
5. Proximus (XL, BE)   Integrated Telecommunication 69 100 33 65
6. Etablissementen Franz Colruyt (XL, BE)  Food Retail
6. Etablissementen Franz Colruyt (XL, BE)   Food Retail 57 44 27 61
7. Ackermans & van Haaren (XL, BE)  Construction & Engineering
7. Ackermans & van Haaren (XL, BE)   Construction & Engineering 53 74 63 58
8. Solvay (XXL, BE) ☀  Diversified Chemicals
8. Solvay (XXL, BE) ☀   Diversified Chemicals 52 75 51 51
9. UCB (XL, BE)  Pharmaceuticals
9. UCB (XL, BE)   Pharmaceuticals 33 17 92 29

August 22, 2024. Top 10s are published weekly following the . ( or for more stocks)


☀ This company has a special achievement which is documented on its stock research page.

Top 10 lists may contain fewer than 10 stocks due to Obermatt’s top 10 quality standards.

Top 10 Stocks from the purely fact-based Obermatt Method in the stock index Belgian 20 Index BEL20 from August 22, 2024.

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