Parrot S.A.'s (EPA:PARRO) P/S Is On The Mark
May 29
French (CAC) Tech Sector Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies103
- 7D0.3%
- 3M-7.6%
- 1Y2.9%
- YTD-5.7%
In the last week, Tech has been flat. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the French Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | €155.2b | €71.0b | €7.1b | 22.1x | 21.8x | 2.2x |
| Sat, 27 Apr 2024 | €151.0b | €73.1b | €6.9b | 20x | 21.8x | 2.1x |
| Mon, 25 Mar 2024 | €160.8b | €85.1b | €6.0b | 20.1x | 26.9x | 1.9x |
| Wed, 21 Feb 2024 | €166.4b | €87.7b | €6.2b | 20.3x | 26.6x | 1.9x |
| Fri, 19 Jan 2024 | €169.8b | €89.1b | €6.8b | 21.6x | 24.9x | 1.9x |
| Sun, 17 Dec 2023 | €173.2b | €89.1b | €6.8b | 21x | 25.5x | 1.9x |
| Tue, 14 Nov 2023 | €153.6b | €89.4b | €6.9b | 20.1x | 22.3x | 1.7x |
| Thu, 12 Oct 2023 | €152.0b | €89.3b | €6.9b | 18.9x | 22x | 1.7x |
| Sat, 09 Sep 2023 | €152.4b | €88.5b | €6.8b | 21x | 22.4x | 1.7x |
| Mon, 07 Aug 2023 | €157.6b | €87.9b | €6.8b | 21.5x | 23.3x | 1.8x |
| Wed, 05 Jul 2023 | €162.1b | €86.4b | €6.7b | 20.5x | 24.3x | 1.9x |
| Fri, 02 Jun 2023 | €158.4b | €86.4b | €6.7b | 19x | 23.6x | 1.8x |
| Sun, 30 Apr 2023 | €148.5b | €85.8b | €6.5b | 19.1x | 22.7x | 1.7x |
| Tue, 28 Mar 2023 | €155.4b | €85.0b | €6.5b | 19.2x | 24.1x | 1.8x |
| Thu, 23 Feb 2023 | €170.1b | €88.2b | €4.2b | 21.9x | 40.4x | 1.9x |
| Sat, 21 Jan 2023 | €157.6b | €84.6b | €3.4b | 22.2x | 45.8x | 1.9x |
| Mon, 19 Dec 2022 | €150.0b | €84.8b | €3.5b | 21x | 42.9x | 1.8x |
| Wed, 16 Nov 2022 | €164.0b | €85.0b | €3.5b | 20.6x | 46.4x | 1.9x |
| Fri, 14 Oct 2022 | €144.5b | €84.4b | €3.1b | 20.1x | 46.9x | 1.7x |
| Sun, 11 Sep 2022 | €164.6b | €83.2b | €2.9b | 22.5x | 56.3x | 2x |
| Tue, 09 Aug 2022 | €172.5b | €82.8b | €2.8b | 23.9x | 62.2x | 2.1x |
| Thu, 07 Jul 2022 | €145.4b | €78.7b | €2.6b | 22.4x | 56.7x | 1.8x |
| Sat, 04 Jun 2022 | €166.4b | €77.8b | €2.4b | 24.1x | 68.3x | 2.1x |
| Mon, 02 May 2022 | €173.9b | €75.4b | €2.6b | 26x | 67.3x | 2.3x |
| Wed, 30 Mar 2022 | €188.6b | €73.5b | €2.1b | 24.9x | 91.8x | 2.6x |
| Fri, 25 Feb 2022 | €173.2b | €73.9b | €5.1b | 27.5x | 34.2x | 2.3x |
| Sun, 23 Jan 2022 | €190.7b | €72.2b | €4.8b | 28.3x | 39.6x | 2.6x |
| Tue, 21 Dec 2021 | €201.5b | €72.3b | €4.8b | 28.1x | 41.8x | 2.8x |
| Thu, 18 Nov 2021 | €214.7b | €72.0b | €4.7b | 28.5x | 45.8x | 3x |
| Sat, 16 Oct 2021 | €189.5b | €70.9b | €4.3b | 29.1x | 44x | 2.7x |
| Mon, 13 Sep 2021 | €192.8b | €67.7b | €4.3b | 35.4x | 45.2x | 2.8x |
| Wed, 11 Aug 2021 | €191.9b | €67.6b | €4.2b | 34.4x | 45.2x | 2.8x |
| Sun, 06 Jun 2021 | €161.4b | €65.5b | €3.9b | 30.4x | 40.9x | 2.5x |
Price to Earnings Ratio
40.9x
Current Industry PE
- Investors are pessimistic on the French Information Technology 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 21.8x which is lower than its 3-year average PE of 39.4x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 2.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Tech sector?
| FR Market | -1.26% | |
| Tech | 0.34% | |
| Communications | 3.51% | |
| Tech Hardware | 2.37% | |
| Semiconductors | 2.11% | |
| IT | 0.013% | |
| Software | -0.27% | |
| Electronic Equipment and Components | -6.12% | |
Industry PE
- Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 65.0x.
- Analysts expect its future annual earnings growth (14.8%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 8.5% 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 | |
|---|---|---|---|---|---|
| PLNW Planisware SAS | €24.80 | 9.6% +€159.8m | n/a | PE41.4x | |
| EXN Exclusive Networks | €20.45 | 2.3% +€40.6m | 5.1% | PE43x | |
| QDT Quadient | €21.05 | 5.3% +€36.1m | 22.7% | PE8.8x | |
| ALBFR Sidetrade | €189.00 | 10.5% +€24.9m | 31.7% | PE46.4x | |
| SFPI GROUPE SFPI | €2.14 | 8.4% +€14.4m | -2.7% | PE158.5x |
