Alten (EPA:ATE) Seems To Use Debt Quite Sensibly
Apr 22
French (CAC) IT Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies26
- 7D-1.0%
- 3M-0.7%
- 1Y17.2%
- YTD5.4%
Over the last 7 days, the IT industry has dropped 2.6%, driven by a pullback from Capgemini of 2.6%. Meanwhile, Locasystem International actually outperformed within the industry, gaining 11% in the last week. Over the past 12 months, the industry was up 15%. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €52.0b | €39.7b | €2.3b | 21.8x | 22.8x | 1.3x |
| Fri, 22 Mar 2024 | €55.0b | €50.9b | €1.1b | 21.3x | 48.1x | 1.1x |
| Sun, 18 Feb 2024 | €57.0b | €53.6b | €1.5b | 18x | 38.5x | 1.1x |
| Tue, 16 Jan 2024 | €52.2b | €54.3b | €1.5b | 18.5x | 34.4x | 1x |
| Thu, 14 Dec 2023 | €51.6b | €54.4b | €1.5b | 18.1x | 34x | 1x |
| Sat, 11 Nov 2023 | €46.4b | €54.3b | €1.5b | 16.5x | 30.7x | 0.9x |
| Mon, 09 Oct 2023 | €45.5b | €54.3b | €1.5b | 16.7x | 29.7x | 0.8x |
| Wed, 06 Sep 2023 | €48.9b | €53.9b | €1.6b | 17.5x | 31.4x | 0.9x |
| Fri, 04 Aug 2023 | €47.3b | €53.9b | €1.6b | 17.4x | 28.7x | 0.9x |
| Sun, 02 Jul 2023 | €49.7b | €52.6b | €1.6b | 19.4x | 31.2x | 0.9x |
| Tue, 30 May 2023 | €47.0b | €52.4b | €1.5b | 17.8x | 31.2x | 0.9x |
| Thu, 27 Apr 2023 | €47.2b | €52.4b | €1.5b | 17.9x | 31.3x | 0.9x |
| Sat, 25 Mar 2023 | €48.7b | €52.3b | €1.6b | 16.8x | 31.2x | 0.9x |
| Mon, 20 Feb 2023 | €64.7b | €52.9b | -€990,618,094.00 | 20.1x | -65.3x | 1.2x |
| Wed, 18 Jan 2023 | €61.0b | €52.9b | -€990,706,657.00 | 19x | -61.6x | 1.2x |
| Fri, 16 Dec 2022 | €57.1b | €52.8b | -€1,001,974,799.00 | 17.7x | -57x | 1.1x |
| Sun, 13 Nov 2022 | €63.3b | €52.7b | -€1,009,449,799.00 | 17.1x | -62.7x | 1.2x |
| Tue, 11 Oct 2022 | €56.2b | €52.7b | -€1,032,141,854.00 | 16.7x | -54.5x | 1.1x |
| Thu, 08 Sep 2022 | €60.3b | €51.7b | -€1,106,345,619.00 | 18.8x | -54.5x | 1.2x |
| Sat, 06 Aug 2022 | €63.9b | €51.7b | -€1,203,153,619.00 | 21.4x | -53.1x | 1.2x |
| Mon, 04 Jul 2022 | €55.4b | €49.0b | -€1,084,304,619.00 | 19.3x | -51.1x | 1.1x |
| Wed, 01 Jun 2022 | €63.3b | €48.9b | -€1,027,182,652.00 | 22.2x | -61.6x | 1.3x |
| Fri, 29 Apr 2022 | €66.9b | €49.2b | -€1,002,488,089.00 | 23.4x | -66.7x | 1.4x |
| Sun, 27 Mar 2022 | €69.7b | €50.0b | -€924,458,167.00 | 22.5x | -75.3x | 1.4x |
| Tue, 22 Feb 2022 | €68.5b | €49.6b | €2.1b | 23.5x | 33.3x | 1.4x |
| Thu, 20 Jan 2022 | €76.1b | €48.4b | €2.0b | 25.1x | 38.2x | 1.6x |
| Sat, 18 Dec 2021 | €75.9b | €48.4b | €2.0b | 24.6x | 38.1x | 1.6x |
| Mon, 15 Nov 2021 | €77.4b | €48.2b | €1.9b | 23.7x | 40x | 1.6x |
| Wed, 13 Oct 2021 | €68.0b | €45.5b | €2.0b | 22.5x | 33.6x | 1.5x |
| Fri, 10 Sep 2021 | €72.8b | €45.3b | €2.0b | 29.3x | 36.9x | 1.6x |
| Sun, 08 Aug 2021 | €74.4b | €45.2b | €2.0b | 29.3x | 38x | 1.6x |
| Sat, 01 May 2021 | €68.3b | €44.1b | €2.1b | 23x | 33.1x | 1.6x |
Price to Earnings Ratio
33.1x
Current Industry PE
- Investors are optimistic on the French IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 2.5x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have grown 3.2% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.4% 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 | 2.20% | |
| Tech | -1.22% | |
| IT | -1.05% | |
| Data Processing Services | 1.91% | |
| IT Consulting | -0.36% | |
| Internet Services and Infrastructure | -19.61% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 6.5x.
- Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 86% over the next 5 years.
- This is better than its past earnings decline of 82% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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 | €131.20 | 1.1% +€48.3m | -10.0% | PE19.4x | |
| ATO Atos | €1.94 | 6.6% +€13.3m | -82.2% | PS0.02x | |
| S30 Solutions 30 | €1.92 | 4.7% +€9.2m | -11.4% | PS0.2x | |
| MLCHE Cheops Technology France Société anonyme | €61.50 | 6.0% +€8.1m | -5.4% | n/a | |
| WAVE Wavestone | €53.10 | 0.2% +€2.5m | 21.1% | PE23.7x |
