Narrative Update • Jun 01
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- 7D0.5%
- 3M7.5%
- 1Y-25.0%
- YTD-11.7%
Last week, the Packaging industry hasn't moved much but TFF Group is up 5.4% in that time. As for the longer term, the industry has declined 25% in the last year. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the French Packaging Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 07 Jun 2026 | €3.8b | €5.3b | €179.3m | 18.8x | 21.3x | 0.7x |
| Tue, 05 May 2026 | €3.7b | €5.3b | €190.6m | 21.2x | 19.7x | 0.7x |
| Thu, 02 Apr 2026 | €3.6b | €5.3b | €191.9m | 21.9x | 18.8x | 0.7x |
| Sat, 28 Feb 2026 | €3.8b | €5.3b | €191.9m | 21.6x | 19.9x | 0.7x |
| Mon, 26 Jan 2026 | €4.1b | €5.4b | €280.4m | 15.8x | 14.5x | 0.8x |
| Wed, 24 Dec 2025 | €4.2b | €5.4b | €287.8m | 14.8x | 14.6x | 0.8x |
| Fri, 21 Nov 2025 | €4.2b | €5.4b | €287.3m | 15.1x | 14.8x | 0.8x |
| Sun, 19 Oct 2025 | €4.2b | €5.4b | €297.4m | 14.5x | 14.2x | 0.8x |
| Tue, 16 Sep 2025 | €4.4b | €5.4b | €295.9m | 13.6x | 14.8x | 0.8x |
| Thu, 14 Aug 2025 | €5.0b | €5.4b | €295.9m | 15.5x | 16.8x | 0.9x |
| Sat, 12 Jul 2025 | €5.0b | €5.5b | €361.6m | 12.7x | 13.8x | 0.9x |
| Mon, 09 Jun 2025 | €5.1b | €5.5b | €361.7m | 13.6x | 14.1x | 0.9x |
| Wed, 07 May 2025 | €5.1b | €5.5b | €361.8m | 13.2x | 14.2x | 0.9x |
| Fri, 04 Apr 2025 | €5.0b | €5.5b | €368.3m | 13.5x | 13.6x | 0.9x |
| Sun, 02 Mar 2025 | €4.9b | €5.5b | €368.3m | 13.8x | 13.4x | 0.9x |
| Tue, 28 Jan 2025 | €4.9b | €5.7b | €414.9m | 13x | 11.9x | 0.9x |
| Thu, 26 Dec 2024 | €4.7b | €5.7b | €431.5m | 10.4x | 10.9x | 0.8x |
| Sat, 23 Nov 2024 | €5.0b | €5.7b | €430.4m | 11.5x | 11.6x | 0.9x |
| Mon, 21 Oct 2024 | €5.0b | €5.7b | €436.3m | 11.3x | 11.5x | 0.9x |
| Wed, 18 Sep 2024 | €5.2b | €5.8b | €452.0m | 11.1x | 11.6x | 0.9x |
| Fri, 16 Aug 2024 | €5.3b | €5.8b | €452.0m | 11.1x | 11.7x | 0.9x |
| Sun, 14 Jul 2024 | €5.6b | €6.1b | €638.7m | 8.7x | 8.8x | 0.9x |
| Tue, 11 Jun 2024 | €6.8b | €6.2b | €641.7m | 9.3x | 10.5x | 1.1x |
| Thu, 09 May 2024 | €6.7b | €6.2b | €637.0m | 16.9x | 10.5x | 1.1x |
| Sat, 06 Apr 2024 | €6.3b | €6.2b | €638.8m | 17.6x | 9.9x | 1x |
| Mon, 04 Mar 2024 | €6.6b | €6.2b | €638.8m | 18.3x | 10.3x | 1.1x |
| Wed, 31 Jan 2024 | €6.3b | €6.2b | €647.8m | 17.8x | 9.7x | 1x |
| Fri, 29 Dec 2023 | €6.7b | €6.2b | €646.3m | 18.4x | 10.3x | 1.1x |
| Sun, 26 Nov 2023 | €6.2b | €6.2b | €653.5m | 17.2x | 9.5x | 1x |
| Tue, 24 Oct 2023 | €6.1b | €6.2b | €653.0m | 16.7x | 9.4x | 1x |
| Thu, 21 Sep 2023 | €7.1b | €6.2b | €648.1m | 16x | 10.9x | 1.1x |
| Sat, 19 Aug 2023 | €7.1b | €6.2b | €648.1m | 17.2x | 10.9x | 1.1x |
| Mon, 17 Jul 2023 | €6.7b | €5.7b | €511.1m | 15.4x | 13.1x | 1.2x |
| Wed, 14 Jun 2023 | €6.4b | €5.6b | €516.3m | 14.4x | 12.4x | 1.1x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are optimistic on the French Packaging industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.3x which is higher than its 3-year average PE of 12.9x.
- The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
- The earnings for companies in the Packaging industry have declined 30% per year over the last three years,
- Revenues have also declined 2.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the French Materials industry?
| FR Market | -0.077% | |
| Materials | 2.14% | |
| Packaging | 0.50% | |
| Paper Packaging | 5.11% | |
| Metal and Glass Containers | -0.10% | |
Industry PE
- Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio of 15.8x.
- Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 41.4% per year.
- Investors are most pessimistic about the Metal and Glass Containers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.6x.
Forecasted Growth
- Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Paper Packaging industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| TFF TFF Group | €17.60 | 5.4% +€19.5m | -27.0% | PE16.4x | |
| ALGIL Groupe Guillin | €23.00 | 2.2% +€9.2m | -23.1% | PE8.8x | |
| SBT Oeneo | €9.06 | 0.7% +€3.8m | -4.6% | PE21.2x | |
| ALBI Gascogne | €2.18 | 3.8% +€3.0m | -9.9% | PS0.2x |