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French (CAC) Market Analysis & Valuation
UpdatedMay 22, 2022
DataAggregated Company Financials
Companies712
- 7D-1.3%
- 3M-9.6%
- 1Y-5.4%
- YTD-15.3%
Over the last 7 days, the market has dropped 1.3%, driven by pullbacks in the Consumer Discretionary and Consumer Staples sectors of 3.2% and 6.4%, respectively. As for last year, the market is also down 5.4%. As for the next few years, earnings are expected to grow by 12% per annum.
Market Valuation and Performance
Has the French Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Mon, 23 May 2022 | €2.6t | €2.1t | €132.4b | 16.4x |
| Wed, 20 Apr 2022 | €2.7t | €2.1t | €129.1b | 17.4x |
| Fri, 18 Mar 2022 | €2.8t | €2.1t | €124.9b | 17.6x |
| Sun, 13 Feb 2022 | €2.9t | €2.0t | €132.8b | 18.9x |
| Tue, 11 Jan 2022 | €3.0t | €2.0t | €122.4b | 18.3x |
| Thu, 09 Dec 2021 | €3.0t | €2.0t | €122.3b | 18.6x |
| Sat, 06 Nov 2021 | €3.0t | €2.0t | €120.6b | 19.4x |
| Mon, 04 Oct 2021 | €2.8t | €2.0t | €112.4b | 19.4x |
| Wed, 01 Sep 2021 | €2.9t | €2.0t | €109.8b | 22x |
| Thu, 08 Jul 2021 | €2.8t | €2.0t | €109.5b | 21x |
| Wed, 31 Mar 2021 | €2.6t | €1.9t | €73.4b | 21.4x |
| Sat, 02 Jan 2021 | €2.4t | €1.8t | €45.0b | 20.5x |
| Tue, 06 Oct 2020 | €2.0t | €1.9t | €43.1b | 18.7x |
| Fri, 10 Jul 2020 | €2.0t | €1.9t | €54.8b | 17.8x |
| Thu, 02 Apr 2020 | €1.8t | €2.0t | €82.8b | 15.8x |
| Sun, 05 Jan 2020 | €2.4t | €2.1t | €109.6b | 17.6x |
| Wed, 09 Oct 2019 | €2.3t | €2.1t | €106.9b | 17.6x |
| Tue, 02 Jul 2019 | €2.2t | €2.1t | €105.4b | 18.5x |
Median PE Ratio
17.2x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 18.7x.
Past Earnings Growth
- The earnings for French listed companies have grown 7.7% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the French Market?
| FR Market | -1.28% | |
| Utilities | 3.41% | |
| Healthcare | 2.03% | |
| Energy | 1.56% | |
| Financials | 1.27% | |
| Real Estate | 0.53% | |
| Telecom | 0.51% | |
| Tech | -0.43% | |
| Industrials | -0.66% | |
| Materials | -1.00% | |
| Consumer Discretionary | -3.19% | |
| Consumer Staples | -6.35% | |
Sector PE
- Investors are most optimistic about the Utilities sector, which is trading close to its 3-year average PE ratio of 31.9x.
- Analysts are expecting annual earnings growth of 12%, which is lower than the prior year's growth of 66% per year.
- This could indicate that the market believes that analysts are underestimating future growth.
- Investors are most pessimistic about the Financials sector, which is trading below its 3-year average of 10.9x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 48% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Energy sector is expected to see its earnings decline by 11% 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 | Sector | |
|---|---|---|---|---|---|---|
| SAN Sanofi | €102.30 | 2.5% +€3.1b | 15.9% | PS19.2x | Healthcare | |
| ENGI ENGIE | €12.64 | 11.3% +€3.1b | -3.8% | PS8.8x | Utilities | |
| BNP BNP Paribas | €53.71 | 2.5% +€1.6b | -4.5% | PB0.6x | Financials | |
| TTE TotalEnergies | €51.71 | 1.2% +€1.4b | 32.6% | PS8x | Energy | |
| GLE Société Générale Société anonyme | €24.50 | 4.9% +€941.2m | -6.7% | PB0.3x | Financials |
