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French (CAC) Financials Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies56
- 7D-1.6%
- 3M-3.3%
- 1Y2.5%
- YTD1.2%
Over the last 7 days, the Financials industry has dropped 1.6%, driven by a pullback from BNP Paribas of 2.5%. Meanwhile, Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France actually outperformed within the industry, gaining 6.3% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 8.5% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €263.2b | €242.0b | €31.9b | 8x | 8.3x | 1.1x |
| Tue, 19 Nov 2024 | €266.4b | €230.5b | €29.4b | 7.6x | 9.1x | 1.2x |
| Thu, 17 Oct 2024 | €273.7b | €230.1b | €27.5b | 8.9x | 10x | 1.2x |
| Sat, 14 Sep 2024 | €272.6b | €230.1b | €27.5b | 9.3x | 9.9x | 1.2x |
| Mon, 12 Aug 2024 | €251.9b | €230.0b | €27.4b | 8.6x | 9.2x | 1.1x |
| Wed, 10 Jul 2024 | €260.1b | €224.7b | €29.6b | 8x | 8.8x | 1.2x |
| Fri, 07 Jun 2024 | €281.2b | €224.8b | €29.6b | 8.6x | 9.5x | 1.3x |
| Sun, 05 May 2024 | €276.9b | €225.3b | €29.7b | 8.9x | 9.3x | 1.2x |
| Tue, 02 Apr 2024 | €279.0b | €221.4b | €28.1b | 9.1x | 9.9x | 1.3x |
| Thu, 29 Feb 2024 | €255.3b | €245.1b | €30.9b | 7.1x | 8.2x | 1x |
| Sat, 27 Jan 2024 | €282.6b | €311.2b | €36.0b | 9x | 7.9x | 0.9x |
| Mon, 25 Dec 2023 | €276.5b | €311.6b | €36.1b | 9x | 7.7x | 0.9x |
| Wed, 22 Nov 2023 | €257.7b | €310.8b | €36.9b | 8.3x | 7x | 0.8x |
| Fri, 20 Oct 2023 | €257.2b | €309.6b | €37.0b | 9x | 7x | 0.8x |
| Sun, 17 Sep 2023 | €276.8b | €308.6b | €37.0b | 8.8x | 7.5x | 0.9x |
| Tue, 15 Aug 2023 | €271.8b | €309.4b | €37.7b | 9.2x | 7.2x | 0.9x |
| Thu, 13 Jul 2023 | €268.4b | €300.1b | €29.7b | 9.7x | 9x | 0.9x |
| Sat, 10 Jun 2023 | €269.0b | €300.1b | €29.7b | 9.7x | 9x | 0.9x |
| Mon, 08 May 2023 | €278.4b | €299.5b | €28.8b | 9x | 9.7x | 0.9x |
| Wed, 05 Apr 2023 | €272.1b | €293.0b | €29.2b | 8x | 9.3x | 0.9x |
| Fri, 03 Mar 2023 | €286.8b | €295.4b | €31.3b | 7x | 9.2x | 1x |
| Sun, 29 Jan 2023 | €279.7b | €300.3b | €31.8b | 6.9x | 8.8x | 0.9x |
| Tue, 27 Dec 2022 | €252.8b | €300.3b | €31.8b | 6.3x | 8x | 0.8x |
| Thu, 24 Nov 2022 | €251.8b | €301.4b | €31.7b | 6.2x | 7.9x | 0.8x |
| Sat, 22 Oct 2022 | €226.6b | €297.8b | €32.4b | 5.6x | 7x | 0.8x |
| Mon, 19 Sep 2022 | €239.1b | €297.4b | €32.3b | 6.6x | 7.4x | 0.8x |
| Wed, 17 Aug 2022 | €245.3b | €297.5b | €32.3b | 6.1x | 7.6x | 0.8x |
| Fri, 15 Jul 2022 | €211.5b | €312.3b | €36.3b | 5.9x | 5.8x | 0.7x |
| Sun, 12 Jun 2022 | €235.9b | €312.8b | €36.3b | 6.5x | 6.5x | 0.8x |
| Tue, 10 May 2022 | €238.1b | €309.7b | €36.3b | 6.3x | 6.6x | 0.8x |
| Thu, 07 Apr 2022 | €250.8b | €305.0b | €36.5b | 6.7x | 6.9x | 0.8x |
| Sat, 05 Mar 2022 | €234.4b | €290.2b | €32.9b | 6.9x | 7.1x | 0.8x |
| Mon, 31 Jan 2022 | €296.6b | €297.8b | €29.8b | 8.7x | 10x | 1x |
| Wed, 29 Dec 2021 | €289.9b | €297.8b | €29.8b | 8.5x | 9.7x | 1x |
Price to Earnings Ratio
9.7x
Current Industry PE
- Investors are relatively neutral on the French Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 8.3x.
- The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 2.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.7% 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 | -1.71% | |
| Financials | -1.59% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
| Capital Markets | -1.08% | |
| Banks | -1.57% | |
| Insurance | -1.59% | |
| Diversified Financial | -2.63% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 10.4%, which is lower than the prior year's growth of 38.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 4.2% 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 | |
|---|---|---|---|---|---|
| CAF Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France | €65.70 | 6.3% +€108.4m | 1.6% | PB0.2x | |
| CNDF Caisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérative | €14.40 | 5.0% +€39.3m | 11.6% | PB0.2x | |
| CRBP2 Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative | €19.00 | 3.7% +€37.0m | 8.7% | PB0.2x | |
| CRAP Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative | €82.00 | 5.1% +€29.8m | 16.3% | PB0.2x | |
| CRSU Caisse Régionale de Crédit Agricole Mutuel Sud Rhône Alpes | €125.98 | 5.0% +€27.0m | 4.1% | PB0.2x |
