AXA SA's (EPA:CS) Low P/E No Reason For Excitement
Nov 19
Have your own idea? Try our Stock Screener
French (CAC) Financials Sector Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies54
- 7D1.5%
- 3M1.8%
- 1Y12.2%
- YTD3.2%
The Financials industry is up 1.5% in the last week, with AXA up 2.5%. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 9.5% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €264.0b | €230.5b | €29.4b | 7.6x | 9x | 1.1x |
| Sat, 19 Oct 2024 | €278.4b | €230.1b | €27.5b | 8.5x | 10.1x | 1.2x |
| Mon, 16 Sep 2024 | €272.6b | €230.1b | €27.5b | 9.3x | 9.9x | 1.2x |
| Wed, 14 Aug 2024 | €252.6b | €230.0b | €27.4b | 8.7x | 9.2x | 1.1x |
| Fri, 12 Jul 2024 | €265.0b | €224.7b | €29.6b | 8.2x | 9x | 1.2x |
| Sun, 09 Jun 2024 | €279.7b | €224.8b | €29.6b | 8.6x | 9.5x | 1.2x |
| Tue, 07 May 2024 | €280.2b | €225.3b | €29.7b | 9x | 9.4x | 1.2x |
| Thu, 04 Apr 2024 | €281.0b | €221.4b | €28.1b | 9x | 10x | 1.3x |
| Sat, 02 Mar 2024 | €255.6b | €238.6b | €29.6b | 7.2x | 8.6x | 1.1x |
| Mon, 29 Jan 2024 | €282.6b | €311.2b | €36.0b | 9x | 7.9x | 0.9x |
| Wed, 27 Dec 2023 | €276.5b | €311.6b | €36.1b | 9x | 7.7x | 0.9x |
| Fri, 24 Nov 2023 | €258.3b | €310.8b | €36.9b | 8.2x | 7x | 0.8x |
| Sun, 22 Oct 2023 | €252.7b | €309.6b | €37.0b | 9x | 6.8x | 0.8x |
| Tue, 19 Sep 2023 | €270.3b | €308.6b | €37.0b | 8.7x | 7.3x | 0.9x |
| Thu, 17 Aug 2023 | €267.7b | €309.4b | €37.7b | 9.1x | 7.1x | 0.9x |
| Sat, 15 Jul 2023 | €268.7b | €300.2b | €29.7b | 9.6x | 9x | 0.9x |
| Mon, 12 Jun 2023 | €269.0b | €300.1b | €29.7b | 9.7x | 9x | 0.9x |
| Wed, 10 May 2023 | €276.1b | €299.5b | €28.8b | 9x | 9.6x | 0.9x |
| Fri, 07 Apr 2023 | €274.8b | €292.1b | €29.2b | 8.1x | 9.4x | 0.9x |
| Sun, 05 Mar 2023 | €289.6b | €295.4b | €31.3b | 7x | 9.2x | 1x |
| Tue, 31 Jan 2023 | €279.7b | €300.3b | €31.8b | 6.9x | 8.8x | 0.9x |
| Thu, 29 Dec 2022 | €252.3b | €300.3b | €31.8b | 6.3x | 7.9x | 0.8x |
| Sat, 26 Nov 2022 | €254.0b | €303.6b | €31.5b | 6.3x | 8.1x | 0.8x |
| Mon, 24 Oct 2022 | €226.6b | €297.8b | €32.4b | 5.6x | 7x | 0.8x |
| Wed, 21 Sep 2022 | €234.8b | €297.4b | €32.3b | 6.5x | 7.3x | 0.8x |
| Fri, 19 Aug 2022 | €241.1b | €297.5b | €32.4b | 6x | 7.4x | 0.8x |
| Sun, 17 Jul 2022 | €213.6b | €312.3b | €36.3b | 6x | 5.9x | 0.7x |
| Tue, 14 Jun 2022 | €228.4b | €312.8b | €36.3b | 6.4x | 6.3x | 0.7x |
| Thu, 12 May 2022 | €245.3b | €309.7b | €36.3b | 6.3x | 6.8x | 0.8x |
| Sat, 09 Apr 2022 | €251.4b | €305.0b | €36.4b | 6.5x | 6.9x | 0.8x |
| Mon, 07 Mar 2022 | €234.4b | €291.5b | €32.9b | 6.9x | 7.1x | 0.8x |
| Wed, 02 Feb 2022 | €301.2b | €297.8b | €29.8b | 8.7x | 10.1x | 1x |
| Fri, 31 Dec 2021 | €289.9b | €297.8b | €29.8b | 8.4x | 9.7x | 1x |
| Sun, 28 Nov 2021 | €274.5b | €297.9b | €29.8b | 8x | 9.2x | 0.9x |
Price to Earnings Ratio
9.2x
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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 8.2% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the French Financials sector?
| FR Market | -0.062% | |
| Financials | 1.52% | |
| Insurance | 3.37% | |
| Capital Markets | 2.13% | |
| Diversified Financial | 1.45% | |
| Banks | 0.37% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | 0% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 12.4x.
- Analysts are expecting annual earnings growth of 10.4%, which is lower than the prior year's growth of 41.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 41% over the next 5 years.
- This is better than its past earnings decline of 62% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 7.2% 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 | |
|---|---|---|---|---|---|
| CS AXA | €34.03 | 2.2% +€1.5b | 20.5% | PE10x | |
| ACA Crédit Agricole | €13.27 | 1.9% +€760.1m | 13.1% | PB0.6x | |
| SCR SCOR | €23.86 | 16.5% +€605.0m | -16.6% | PS0.3x | |
| GLE Société Générale Société anonyme | €26.54 | 2.6% +€548.7m | 18.4% | PB0.3x | |
| ENX Euronext | €103.90 | 4.5% +€461.3m | 40.0% | PE18.8x |
