French (CAC) Chemicals Industry Analysis

Industry Valuation and Performance

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

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 22.9x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 9.9% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

Industry PE: Investors are most optimistic about the Industrial Gases industry, which is trading close to its 3-year average PE ratio of 25.6x. However analysts are expecting annual earnings growth of 10%, which is lower than the prior year's growth of 15% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Diversified Chemicals industry, which is trading below its 3-year average of 14.4x.

Forecasted Growth: Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 10% over the next 5 years. However this is lower than its past earnings growth rate of 15% per year. Meanwhile, the Diversified Chemicals industry is expected to see its earnings decline by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?