Has the French Capital Markets Industry valuation changed over the past few years?
|Mon, 29 Nov 2021||€41.0b||€11.1b||€2.8b||16.6x|
|Wed, 27 Oct 2021||€47.8b||€11.4b||€2.8b||23.8x|
|Fri, 24 Sep 2021||€36.4b||€10.8b||€2.6b||12.2x|
|Sun, 22 Aug 2021||€36.2b||€9.8b||€1.8b||14.9x|
|Fri, 09 Jul 2021||€33.9b||€9.8b||€1.8b||15.4x|
|Thu, 01 Apr 2021||€28.4b||€9.1b||€1.5b||14.3x|
|Sun, 03 Jan 2021||€27.9b||€9.0b||€1.4b||14.8x|
|Wed, 07 Oct 2020||€26.3b||€9.1b||€1.4b||20.2x|
|Tue, 30 Jun 2020||€27.0b||€9.0b||€1.4b||17x|
|Fri, 03 Apr 2020||€21.8b||€9.3b||€1.6b||18.7x|
|Mon, 06 Jan 2020||€26.3b||€9.6b||€2.0b||15.3x|
|Thu, 10 Oct 2019||€25.1b||€9.4b||€1.8b||19.8x|
|Wed, 03 Jul 2019||€24.2b||€9.0b||€1.8b||22.1x|
|Sat, 06 Apr 2019||€21.9b||€9.1b||€1.7b||16.7x|
|Tue, 08 Jan 2019||€19.3b||€8.9b||€1.5b||13.7x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 17.8x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Capital Markets industry have grown 22% per year over the last three years, and revenues for these companies have grown 10% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the French Capital Markets industry?
|Investment Banking and Brokerage||-1.16%|
|Financial Exchanges and Data||-1.86%|
|Diversified Capital Markets||-5.77%|
Industry PE: Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 22.5x. However analysts are expecting annual earnings growth of 13%, which is lower than the prior year's growth of 24% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Diversified Capital Markets industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth: Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 14% over the next 5 years. This is better than its past earnings decline of 0.03% per year. Meanwhile, the Diversified Capital Markets industry is expected to see its earnings decline by 17% per year over the next few years.
Rothschild & Co
Antin Infrastructure Partners