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French (CAC) IT Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies24
- 7D-1.6%
- 3M-10.9%
- 1Y-13.1%
- YTD-17.1%
Over the last 7 days, the IT industry has dropped 1.6%, driven by Capgemini declining 2.4%. Overall the industry is down 13% in 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the French IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €40.8b | €40.1b | €2.3b | 17.1x | 17.4x | 1x |
| Sat, 19 Oct 2024 | €46.7b | €39.7b | €2.3b | 17.4x | 20.2x | 1.2x |
| Mon, 16 Sep 2024 | €48.1b | €39.8b | €2.3b | 19.6x | 20.9x | 1.2x |
| Wed, 14 Aug 2024 | €44.7b | €40.0b | €2.3b | 17.5x | 19.3x | 1.1x |
| Fri, 12 Jul 2024 | €47.7b | €40.1b | €2.2b | 20x | 21.2x | 1.2x |
| Sun, 09 Jun 2024 | €50.2b | €40.1b | €2.2b | 22.8x | 22.3x | 1.3x |
| Tue, 07 May 2024 | €51.2b | €40.0b | €2.2b | 22.6x | 22.8x | 1.3x |
| Thu, 04 Apr 2024 | €54.2b | €39.6b | €2.2b | 22.1x | 24.1x | 1.4x |
| Sat, 02 Mar 2024 | €57.9b | €51.9b | €1.2b | 21.5x | 47.5x | 1.1x |
| Mon, 29 Jan 2024 | €55.6b | €54.3b | €1.5b | 19.5x | 36.7x | 1x |
| Wed, 27 Dec 2023 | €51.7b | €54.4b | €1.5b | 18.4x | 34.1x | 1x |
| Fri, 24 Nov 2023 | €49.2b | €54.3b | €1.5b | 17.2x | 32.5x | 0.9x |
| Sun, 22 Oct 2023 | €43.8b | €54.3b | €1.5b | 16.2x | 28.6x | 0.8x |
| Tue, 19 Sep 2023 | €46.7b | €54.0b | €1.6b | 17x | 29.9x | 0.9x |
| Thu, 17 Aug 2023 | €46.6b | €53.9b | €1.6b | 17.3x | 28.3x | 0.9x |
| Sat, 15 Jul 2023 | €50.4b | €52.6b | €1.6b | 19.5x | 31.5x | 1x |
| Mon, 12 Jun 2023 | €48.9b | €52.5b | €1.6b | 18.7x | 30.9x | 0.9x |
| Wed, 10 May 2023 | €47.9b | €52.4b | €1.5b | 18x | 31.8x | 0.9x |
| Fri, 07 Apr 2023 | €49.1b | €52.3b | €1.5b | 16.4x | 32x | 0.9x |
| Sun, 05 Mar 2023 | €64.0b | €56.6b | €1.8b | 19.1x | 36.4x | 1.1x |
| Tue, 31 Jan 2023 | €61.4b | €52.9b | -€990,618,094.00 | 18.9x | -62x | 1.2x |
| Thu, 29 Dec 2022 | €55.3b | €52.9b | -€990,823,634.00 | 17.9x | -55.8x | 1x |
| Sat, 26 Nov 2022 | €62.4b | €52.7b | -€1,009,449,799.00 | 17.7x | -61.8x | 1.2x |
| Mon, 24 Oct 2022 | €57.6b | €52.7b | -€1,032,003,731.00 | 16.7x | -55.8x | 1.1x |
| Wed, 21 Sep 2022 | €57.2b | €52.1b | -€1,060,387,619.00 | 18.6x | -53.9x | 1.1x |
| Fri, 19 Aug 2022 | €63.6b | €51.7b | -€1,203,146,619.00 | 21.7x | -52.9x | 1.2x |
| Sun, 17 Jul 2022 | €56.4b | €49.0b | -€1,081,468,619.00 | 19.5x | -52.2x | 1.2x |
| Tue, 14 Jun 2022 | €58.3b | €48.9b | -€1,095,029,652.00 | 19.8x | -53.2x | 1.2x |
| Thu, 12 May 2022 | €62.3b | €49.2b | -€1,017,325,411.00 | 22.5x | -61.2x | 1.3x |
| Sat, 09 Apr 2022 | €65.5b | €49.1b | -€974,277,089.00 | 21.9x | -67.2x | 1.3x |
| Mon, 07 Mar 2022 | €64.2b | €49.9b | -€895,981,067.00 | 20.6x | -71.7x | 1.3x |
| Wed, 02 Feb 2022 | €73.9b | €48.4b | €2.0b | 24.4x | 37.1x | 1.5x |
| Fri, 31 Dec 2021 | €79.1b | €48.4b | €2.0b | 26.1x | 39.7x | 1.6x |
| Sun, 28 Nov 2021 | €72.8b | €48.3b | €2.0b | 22.4x | 37.3x | 1.5x |
Price to Earnings Ratio
37.3x
Current Industry PE
- Investors are pessimistic on the French IT 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 17.4x which is higher than its 3-year average PE of -0.20x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 6.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the French Tech industry?
| FR Market | -0.34% | |
| Tech | -1.55% | |
| IT | -1.61% | |
| Internet Services and Infrastructure | -0.38% | |
| Data Processing Services | -0.95% | |
| IT Consulting | -1.67% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 5.1x.
- Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings decline of 4.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 91% over the next 5 years.
- This is better than its past earnings decline of 9.6% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| ATE Alten | €76.65 | 1.6% +€41.8m | -38.9% | PE11.1x | |
| MLCHE Cheops Technology France Société anonyme | €62.00 | 5.1% +€6.9m | -6.1% | PE19.9x | |
| INF Infotel | €42.80 | 0.5% +€1.4m | -7.4% | PE17.9x | |
| ALHIT HITECHPROS Société anonyme | €16.20 | 4.5% +€1.2m | 0% | PE13.9x | |
| ALPRO Prodware | €9.75 | 1.6% +€1.1m | 12.7% | PS0.1x |
