Is Nacon S.A. (EPA:NACON) Trading At A 31% Discount?
Dec 06
French (CAC) Consumer Durables Industry Analysis
UpdatedDec 08, 2022
DataAggregated Company Financials
Companies16
- 7D9.0%
- 3M10.2%
- 1Y-36.6%
- YTD-38.7%
Over the last 7 days, the Consumer Durables industry has risen 9.0%, driven by gains from SEB of 11%. Meanwhile, Cabasse Société anonyme actually underperformed within the industry, shrinking 29% in the last week. However, the industry is down 37% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the French Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Dec 2022 | €6.2b | €11.8b | €488.8m | 12.7x | 12.6x | 0.5x |
| Sat, 05 Nov 2022 | €5.2b | €11.8b | €484.7m | 11.7x | 10.8x | 0.4x |
| Mon, 03 Oct 2022 | €5.1b | €11.7b | €486.3m | 9.7x | 10.5x | 0.4x |
| Wed, 31 Aug 2022 | €5.9b | €11.7b | €487.2m | 11.2x | 12.1x | 0.5x |
| Fri, 29 Jul 2022 | €6.4b | €11.6b | €490.3m | 11.6x | 13x | 0.5x |
| Sun, 26 Jun 2022 | €7.2b | €11.6b | €571.8m | 11.9x | 12.6x | 0.6x |
| Tue, 24 May 2022 | €7.7b | €11.6b | €577.2m | 12.7x | 13.3x | 0.7x |
| Thu, 21 Apr 2022 | €9.0b | €11.6b | €582.3m | 15.1x | 15.5x | 0.8x |
| Sat, 19 Mar 2022 | €9.1b | €11.6b | €591.0m | 15.2x | 15.4x | 0.8x |
| Mon, 14 Feb 2022 | €9.8b | €11.2b | €585.5m | 15.8x | 16.8x | 0.9x |
| Wed, 12 Jan 2022 | €10.0b | €11.3b | €603.4m | 14.9x | 16.6x | 0.9x |
| Fri, 10 Dec 2021 | €9.8b | €11.3b | €603.4m | 15.1x | 16.2x | 0.9x |
| Sun, 07 Nov 2021 | €9.9b | €11.3b | €609.1m | 15.9x | 16.2x | 0.9x |
| Tue, 05 Oct 2021 | €9.0b | €11.3b | €608.4m | 14.7x | 14.8x | 0.8x |
| Thu, 02 Sep 2021 | €10.0b | €11.2b | €588.7m | 17.5x | 17x | 0.9x |
| Sat, 31 Jul 2021 | €10.1b | €11.2b | €588.7m | 17.3x | 17.2x | 0.9x |
| Tue, 04 May 2021 | €10.9b | €10.6b | €488.8m | 20.5x | 22.3x | 1x |
| Fri, 05 Feb 2021 | €10.3b | €10.2b | €410.7m | 20.2x | 25.2x | 1x |
| Mon, 09 Nov 2020 | €9.0b | €10.0b | €384.9m | 21.9x | 23.5x | 0.9x |
| Sun, 02 Aug 2020 | €9.1b | €10.0b | €376.8m | 19.5x | 24.2x | 0.9x |
| Wed, 06 May 2020 | €7.3b | €10.5b | €464.0m | 15.5x | 15.8x | 0.7x |
| Sat, 08 Feb 2020 | €7.5b | €10.7b | €506.9m | 15.3x | 14.7x | 0.7x |
Price to Earnings Ratio
16.4x
Current Industry PE
- Investors are pessimistic on the French Consumer Durables 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 12.6x which is lower than its 3-year average PE of 17.9x.
- The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.3% 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 French Consumer Discretionary industry?
| FR Market | -1.22% | |
| Consumer Discretionary | -2.79% | |
| Consumer Durables | 8.96% | |
| Housewares and Specialties | 12.74% | |
| Household Appliances | 10.51% | |
| Homebuilding | 7.73% | |
| Consumer Electronics | 3.86% | |
| Home Furnishings | -0.81% | |
Industry PE
- Investors are most optimistic about the Consumer Electronics industry even though it's trading below its 3-year average PE ratio of 25.9x.
- Analysts are expecting annual earnings growth of 44.9%, which is higher than its past year's earnings decline of 0.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Electronics industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 0.5% per year.
- In contrast, the Home Furnishings 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 | |
|---|---|---|---|---|---|
| SK SEB | €83.25 | 10.7% +€443.2m | -37.8% | PE12.2x | |
| KOF Kaufman & Broad | €28.15 | 9.3% +€49.8m | -20.4% | PE13.3x | |
| NACON Nacon | €2.74 | 6.6% +€14.8m | -44.7% | PE16.3x | |
| BIG BigBen Interactive | €6.97 | 4.2% +€5.2m | -53.5% | PE15x | |
| HEXA Hexaom | €18.60 | 3.0% +€3.8m | -53.1% | PE11x |
