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Apr 26
French (CAC) Financials Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies56
- 7D1.9%
- 3M6.6%
- 1Y11.3%
- YTD8.3%
The Financials industry is up 3.6% in the last week, with BNP Paribas up 4.4%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, earnings are forecast to grow by 8.8% annually.
Sector Valuation and Performance
Has the French Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | €280.4b | €224.5b | €28.1b | 8.2x | 10x | 1.2x |
| Sun, 24 Mar 2024 | €272.5b | €221.8b | €28.7b | 8.8x | 9.5x | 1.2x |
| Tue, 20 Feb 2024 | €249.7b | €244.5b | €30.8b | 7.8x | 8.1x | 1x |
| Thu, 18 Jan 2024 | €272.6b | €311.2b | €36.0b | 9x | 7.6x | 0.9x |
| Sat, 16 Dec 2023 | €275.5b | €311.6b | €37.5b | 8.9x | 7.3x | 0.9x |
| Mon, 13 Nov 2023 | €253.4b | €310.4b | €35.9b | 9x | 7.1x | 0.8x |
| Wed, 11 Oct 2023 | €265.1b | €309.6b | €37.0b | 9x | 7.2x | 0.9x |
| Fri, 08 Sep 2023 | €265.7b | €308.4b | €36.9b | 9x | 7.2x | 0.9x |
| Sun, 06 Aug 2023 | €272.7b | €309.4b | €37.5b | 9.2x | 7.3x | 0.9x |
| Tue, 04 Jul 2023 | €273.1b | €300.1b | €29.7b | 9.9x | 9.2x | 0.9x |
| Thu, 01 Jun 2023 | €262.9b | €300.1b | €29.7b | 9.6x | 8.8x | 0.9x |
| Sat, 29 Apr 2023 | €281.8b | €299.3b | €28.9b | 9x | 9.7x | 0.9x |
| Mon, 27 Mar 2023 | €259.7b | €293.3b | €29.9b | 7.5x | 8.7x | 0.9x |
| Wed, 22 Feb 2023 | €285.0b | €295.4b | €31.1b | 7.2x | 9.2x | 1x |
| Fri, 20 Jan 2023 | €269.7b | €300.3b | €31.8b | 6.6x | 8.5x | 0.9x |
| Sun, 18 Dec 2022 | €247.0b | €300.3b | €31.8b | 6x | 7.8x | 0.8x |
| Tue, 15 Nov 2022 | €250.8b | €301.4b | €31.7b | 6.2x | 7.9x | 0.8x |
| Thu, 13 Oct 2022 | €212.9b | €297.7b | €32.3b | 5.5x | 6.6x | 0.7x |
| Sat, 10 Sep 2022 | €239.3b | €297.7b | €32.5b | 6x | 7.4x | 0.8x |
| Mon, 08 Aug 2022 | €239.7b | €315.4b | €32.0b | 6.1x | 7.5x | 0.8x |
| Wed, 06 Jul 2022 | €214.4b | €312.3b | €36.3b | 6.1x | 5.9x | 0.7x |
| Fri, 03 Jun 2022 | €250.2b | €312.3b | €36.3b | 6.4x | 6.9x | 0.8x |
| Sun, 01 May 2022 | €252.3b | €307.8b | €36.5b | 6.8x | 6.9x | 0.8x |
| Tue, 29 Mar 2022 | €260.2b | €303.5b | €35.6b | 7.1x | 7.3x | 0.9x |
| Thu, 24 Feb 2022 | €285.4b | €289.7b | €32.6b | 8.4x | 8.8x | 1x |
| Sat, 22 Jan 2022 | €298.2b | €297.8b | €29.8b | 8.5x | 10x | 1x |
| Mon, 20 Dec 2021 | €278.0b | €297.5b | €29.8b | 8.2x | 9.3x | 0.9x |
| Wed, 17 Nov 2021 | €294.2b | €304.0b | €29.8b | 8.9x | 9.9x | 1x |
| Fri, 15 Oct 2021 | €280.6b | €301.5b | €28.2b | 8.1x | 10x | 0.9x |
| Sun, 12 Sep 2021 | €261.1b | €300.3b | €27.5b | 8.9x | 9.5x | 0.9x |
| Tue, 10 Aug 2021 | €266.3b | €299.2b | €26.6b | 9.4x | 10x | 0.9x |
| Mon, 03 May 2021 | €253.5b | €278.2b | €19.2b | 12x | 13.2x | 0.9x |
Price to Earnings Ratio
13.2x
Current Industry PE
- Investors are optimistic on the French Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.0x which is higher than its 3-year average PE of 8.6x.
- The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 13% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.9% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the French Financials sector?
| FR Market | -0.25% | |
| Financials | 1.92% | |
| Banks | 3.81% | |
| Insurance | 0.17% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | -0.69% | |
| Diversified Financial | -0.94% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 10.9x.
- Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings decline of 30.8% per year.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 5.6% 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 | |
|---|---|---|---|---|---|
| BNP BNP Paribas | €68.36 | 4.4% +€3.1b | 16.4% | PB0.6x | |
| ACA Crédit Agricole | €14.48 | 4.1% +€1.7b | 30.9% | PB0.6x | |
| GLE Société Générale Société anonyme | €25.10 | 1.6% +€307.4m | 14.3% | PB0.3x | |
| SCR SCOR | €30.26 | 3.4% +€179.4m | 31.6% | PE6.7x | |
| RF Eurazeo | €82.35 | 1.2% +€69.9m | 25.3% | PE3.3x |
