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Dec 08
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French (CAC) Banks Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies17
- 7D-1.6%
- 3M-5.8%
- 1Y-2.1%
- YTD-3.2%
Over the last 7 days, the Banks industry has dropped 1.6%, driven by a pullback from BNP Paribas of 2.5%. On the other hand Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France is actually up 6.3%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 4.2% annually.
Industry Valuation and Performance
Has the French Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | €135.6b | €109.7b | €23.2b | 6x | 5.9x | 1.2x |
| Tue, 19 Nov 2024 | €139.7b | €99.6b | €20.8b | 5.8x | 6.7x | 1.4x |
| Thu, 17 Oct 2024 | €142.6b | €98.4b | €18.7b | 5.2x | 7.6x | 1.4x |
| Sat, 14 Sep 2024 | €141.3b | €98.4b | €18.6b | 5.7x | 7.6x | 1.4x |
| Mon, 12 Aug 2024 | €131.6b | €98.4b | €18.6b | 5.7x | 7.1x | 1.3x |
| Wed, 10 Jul 2024 | €136.8b | €97.3b | €18.2b | 6.2x | 7.5x | 1.4x |
| Fri, 07 Jun 2024 | €150.6b | €97.3b | €18.1b | 6.8x | 8.3x | 1.5x |
| Sun, 05 May 2024 | €150.4b | €97.3b | €18.1b | 6.5x | 8.3x | 1.5x |
| Tue, 02 Apr 2024 | €145.4b | €96.1b | €16.5b | 5.5x | 8.8x | 1.5x |
| Thu, 29 Feb 2024 | €128.5b | €96.0b | €17.2b | 5.6x | 7.5x | 1.3x |
| Sat, 27 Jan 2024 | €140.9b | €110.7b | €20.5b | 5.6x | 6.9x | 1.3x |
| Mon, 25 Dec 2023 | €139.8b | €111.1b | €20.6b | 5.5x | 6.8x | 1.3x |
| Wed, 22 Nov 2023 | €128.2b | €110.3b | €21.4b | 5.5x | 6x | 1.2x |
| Fri, 20 Oct 2023 | €127.5b | €109.6b | €22.5b | 5.5x | 5.7x | 1.2x |
| Sun, 17 Sep 2023 | €139.8b | €109.7b | €22.5b | 5.5x | 6.2x | 1.3x |
| Tue, 15 Aug 2023 | €136.4b | €110.7b | €23.3b | 5x | 5.9x | 1.2x |
| Thu, 13 Jul 2023 | €129.3b | €97.0b | €17.7b | 5.2x | 7.3x | 1.3x |
| Sat, 10 Jun 2023 | €129.2b | €96.9b | €17.7b | 5.1x | 7.3x | 1.3x |
| Mon, 08 May 2023 | €130.7b | €96.2b | €17.0b | 4.7x | 7.7x | 1.4x |
| Wed, 05 Apr 2023 | €127.4b | €96.1b | €17.2b | 4.4x | 7.4x | 1.3x |
| Fri, 03 Mar 2023 | €143.1b | €96.0b | €17.3b | 4.7x | 8.3x | 1.5x |
| Sun, 29 Jan 2023 | €142.7b | €98.2b | €18.1b | 4.8x | 7.9x | 1.5x |
| Tue, 27 Dec 2022 | €125.5b | €98.1b | €18.0b | 4.2x | 7x | 1.3x |
| Thu, 24 Nov 2022 | €124.4b | €99.3b | €17.6b | 4.2x | 7.1x | 1.3x |
| Sat, 22 Oct 2022 | €111.9b | €95.5b | €18.1b | 4.1x | 6.2x | 1.2x |
| Mon, 19 Sep 2022 | €118.8b | €95.3b | €18.0b | 4.8x | 6.6x | 1.2x |
| Wed, 17 Aug 2022 | €121.1b | €95.1b | €17.8b | 5x | 6.8x | 1.3x |
| Fri, 15 Jul 2022 | €100.4b | €96.6b | €20.4b | 5x | 4.9x | 1x |
| Sun, 12 Jun 2022 | €117.0b | €97.0b | €20.4b | 5.3x | 5.7x | 1.2x |
| Tue, 10 May 2022 | €119.7b | €96.4b | €20.4b | 5.4x | 5.9x | 1.2x |
| Thu, 07 Apr 2022 | €117.7b | €94.4b | €20.6b | 5.5x | 5.7x | 1.2x |
| Sat, 05 Mar 2022 | €115.7b | €94.4b | €20.5b | 5.5x | 5.6x | 1.2x |
| Mon, 31 Jan 2022 | €156.2b | €93.6b | €18.0b | 7.3x | 8.7x | 1.7x |
| Wed, 29 Dec 2021 | €149.2b | €93.6b | €18.0b | 6.9x | 8.3x | 1.6x |
Price to Earnings Ratio
8.3x
Current Industry PE
- Investors are pessimistic on the French Banks 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 5.9x which is lower than its 3-year average PE of 7.0x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 5.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Financials industry?
| FR Market | -1.72% | |
| Financials | -1.59% | |
| Banks | -1.57% | |
| Regional Banks | 4.32% | |
| Diversified Banks | -1.97% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 5.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 7.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 31% per year.
- In contrast, the Diversified 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 |