French (CAC) Infrastructure Industry Analysis

Industry Valuation and Performance

Has the French Infrastructure Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 01 Jul 2026	€21.6b	€8.7b	€713.6m	23.4x	30.3x	2.5x
Fri, 29 May 2026	€21.6b	€8.7b	€715.0m	21.1x	30.3x	2.5x
Sun, 26 Apr 2026	€21.6b	€8.7b	€715.0m	21.8x	30.1x	2.5x
Tue, 24 Mar 2026	€19.9b	€8.7b	€714.6m	25.3x	27.9x	2.3x
Thu, 19 Feb 2026	€21.6b	€8.3b	€363.5m	21.8x	59.5x	2.6x
Sat, 17 Jan 2026	€19.8b	€8.3b	€363.0m	34.1x	54.6x	2.4x
Mon, 15 Dec 2025	€21.6b	€8.3b	€363.0m	32.3x	59.5x	2.6x
Wed, 12 Nov 2025	€21.0b	€8.3b	€363.0m	33.4x	57.8x	2.5x
Fri, 10 Oct 2025	€19.9b	€8.3b	€362.3m	32.3x	54.9x	2.4x
Sun, 07 Sep 2025	€19.8b	€8.3b	€362.1m	33.1x	54.7x	2.4x
Tue, 05 Aug 2025	€19.8b	€8.3b	€362.1m	34.1x	54.8x	2.4x
Thu, 03 Jul 2025	€19.7b	€8.1b	€671.1m	27.9x	29.3x	2.4x
Sat, 31 May 2025	€21.1b	€8.1b	€671.7m	18.4x	31.4x	2.6x
Mon, 28 Apr 2025	€19.7b	€8.1b	€671.7m	17.7x	29.3x	2.4x
Wed, 26 Mar 2025	€18.7b	€8.1b	€672.2m	21.4x	27.9x	2.3x
Fri, 21 Feb 2025	€19.2b	€7.9b	€1.1b	19x	17.1x	2.4x
Sun, 19 Jan 2025	€19.5b	€7.9b	€1.1b	16.3x	17.5x	2.5x
Tue, 17 Dec 2024	€19.6b	€7.9b	€1.1b	16x	17.5x	2.5x
Thu, 14 Nov 2024	€18.6b	€7.9b	€1.1b	16.3x	16.6x	2.4x
Sat, 12 Oct 2024	€20.1b	€7.9b	€1.1b	16.7x	18x	2.6x
Mon, 09 Sep 2024	€20.6b	€7.9b	€1.1b	13.5x	18.4x	2.6x
Wed, 07 Aug 2024	€19.9b	€7.9b	€1.1b	13.3x	17.7x	2.5x
Fri, 05 Jul 2024	€20.5b	€7.7b	€975.4m	14x	21.1x	2.7x
Sun, 02 Jun 2024	€22.0b	€7.7b	€975.5m	14.5x	22.5x	2.9x
Tue, 30 Apr 2024	€20.5b	€7.7b	€975.5m	14.6x	21x	2.7x
Thu, 28 Mar 2024	€21.5b	€7.6b	€975.5m	14x	22x	2.8x
Sat, 24 Feb 2024	€21.7b	€7.8b	€1.0b	16.3x	21.6x	2.8x
Mon, 22 Jan 2024	€20.3b	€7.5b	€943.4m	16x	21.5x	2.7x
Wed, 20 Dec 2023	€20.9b	€7.5b	€943.4m	16.2x	22.2x	2.8x
Fri, 17 Nov 2023	€20.4b	€7.5b	€943.4m	16.1x	21.7x	2.7x
Sun, 15 Oct 2023	€18.7b	€7.5b	€943.0m	15.4x	19.8x	2.5x
Tue, 12 Sep 2023	€20.0b	€7.5b	€944.6m	16.3x	21.2x	2.7x
Thu, 10 Aug 2023	€20.8b	€7.5b	€944.6m	16.9x	22x	2.8x
Sat, 08 Jul 2023	€21.4b	€6.6b	€788.5m	18.4x	27.1x	3.2x

Current Industry PE

Investors are relatively neutral on the French Infrastructure 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 29.4x.

The industry is trading close to its 3-year average PS ratio of 2.6x.

Past Earnings Growth

The earnings for companies in the Infrastructure industry have declined 3.3% per year over the last three years.
Meanwhile revenues for these companies have grown 9.3% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the French Industrials industry?


FR Market	0.61%
Industrials	1.01%
Infrastructure	2.03%
Airport Services	3.43%
Highways and Railtracks	0.53%
Marine Ports and Services	-2.99%

Industry PE

Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio of 27.5x.

Analysts are expecting annual earnings growth of 1.4%, which is lower than the prior year's growth of 6.2% per year.

Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.4x.

Forecasted Growth

Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 18% over the next 5 years.
This is better than its past earnings growth rate of 12% per year.

In contrast, the Highways and Railtracks industry is expected to see its earnings growth to stay flat over the next few years.

Company	Last Price	7D	1Y	Valuation
ADP Aeroports de Paris	€114.00	3.4% +€376.0m	5.4%	PE29.5x
GET Getlink	€18.60	0.5% +€54.2m	12.5%	PE31.5x
ALGIR Signaux Girod	€17.45	0.6% +€99.0k	17.5%	PS0.2x

Company

Last Price

Valuation

ADP Aeroports de Paris

€114.00

3.4%
+€376.0m

5.4%

PE29.5x

GET Getlink

€18.60

0.5%
+€54.2m

12.5%

PE31.5x

ALGIR Signaux Girod

€17.45

0.6%
+€99.0k

17.5%

PS0.2x

New major risk - Revenue and earnings growth

Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€29.0m market cap, or US$33.1m).

French (CAC) Infrastructure Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

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