What Neurones S.A.'s (EPA:NRO) P/E Is Not Telling You
Jul 27
French (CAC) IT Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies26
- 7D-2.2%
- 3M-7.4%
- 1Y3.0%
- YTD-4.4%
Over the last 7 days, the IT industry has dropped 2.2%, driven by a pullback from Capgemini of 2.9%. In contrast, OVH Groupe has gained 5.1%. This takes the industry's 12 month performance to a gain of 3.0%. 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | €47.2b | €40.3b | €2.3b | 18.2x | 20.6x | 1.2x |
| Mon, 24 Jun 2024 | €47.2b | €40.1b | €2.2b | 20.9x | 21x | 1.2x |
| Wed, 22 May 2024 | €52.9b | €40.0b | €2.2b | 23.2x | 23.6x | 1.3x |
| Fri, 19 Apr 2024 | €51.7b | €39.7b | €2.3b | 21.7x | 22.7x | 1.3x |
| Sun, 17 Mar 2024 | €56.2b | €50.9b | €1.1b | 21x | 49.2x | 1.1x |
| Tue, 13 Feb 2024 | €54.9b | €53.8b | €1.5b | 18.1x | 36.5x | 1x |
| Thu, 11 Jan 2024 | €50.1b | €54.3b | €1.5b | 17.9x | 33.1x | 0.9x |
| Sat, 09 Dec 2023 | €51.1b | €54.4b | €1.5b | 17.5x | 33.7x | 0.9x |
| Mon, 06 Nov 2023 | €46.3b | €54.3b | €1.5b | 16.8x | 30.6x | 0.9x |
| Wed, 04 Oct 2023 | €45.9b | €54.3b | €1.5b | 16.7x | 30x | 0.8x |
| Fri, 01 Sep 2023 | €48.8b | €53.9b | €1.6b | 17.5x | 29.6x | 0.9x |
| Sun, 30 Jul 2023 | €48.6b | €53.6b | €1.6b | 17.5x | 29.6x | 0.9x |
| Tue, 27 Jun 2023 | €48.4b | €52.6b | €1.6b | 18.7x | 30.3x | 0.9x |
| Thu, 25 May 2023 | €47.2b | €52.4b | €1.5b | 17.9x | 31.3x | 0.9x |
| Sat, 22 Apr 2023 | €47.3b | €52.4b | €1.5b | 17.8x | 31.4x | 0.9x |
| Mon, 20 Mar 2023 | €48.6b | €52.2b | €1.6b | 16.3x | 31.2x | 0.9x |
| Wed, 15 Feb 2023 | €64.0b | €52.9b | -€990,618,094.00 | 19.9x | -64.6x | 1.2x |
| Fri, 13 Jan 2023 | €60.1b | €52.8b | -€992,695,310.00 | 18.5x | -60.6x | 1.1x |
| Sun, 11 Dec 2022 | €59.3b | €52.8b | -€1,001,974,799.00 | 17.7x | -59.2x | 1.1x |
| Tue, 08 Nov 2022 | €57.1b | €52.7b | -€1,009,449,799.00 | 16.5x | -56.6x | 1.1x |
| Thu, 06 Oct 2022 | €58.2b | €52.6b | -€1,035,829,854.00 | 17.1x | -56.2x | 1.1x |
| Sat, 03 Sep 2022 | €60.6b | €51.7b | -€1,203,146,619.00 | 20.1x | -50.3x | 1.2x |
| Mon, 01 Aug 2022 | €63.5b | €51.3b | -€1,203,153,619.00 | 21.5x | -52.8x | 1.2x |
| Wed, 29 Jun 2022 | €59.5b | €49.0b | -€1,084,323,652.00 | 19.9x | -54.9x | 1.2x |
| Fri, 27 May 2022 | €63.4b | €48.9b | -€1,027,193,652.00 | 22.1x | -61.7x | 1.3x |
| Sun, 24 Apr 2022 | €65.6b | €49.2b | -€998,266,089.00 | 23.2x | -65.7x | 1.3x |
| Tue, 22 Mar 2022 | €71.5b | €49.9b | -€928,290,067.00 | 23.2x | -77x | 1.4x |
| Thu, 17 Feb 2022 | €70.3b | €49.6b | €2.1b | 24.4x | 34.1x | 1.4x |
| Sat, 15 Jan 2022 | €74.7b | €48.4b | €2.0b | 25.6x | 37.5x | 1.5x |
| Mon, 13 Dec 2021 | €75.4b | €48.3b | €2.0b | 26.3x | 38.2x | 1.6x |
| Wed, 10 Nov 2021 | €77.8b | €48.2b | €1.9b | 23.8x | 40.2x | 1.6x |
| Fri, 08 Oct 2021 | €69.3b | €45.5b | €2.0b | 22.1x | 34.2x | 1.5x |
| Sun, 05 Sep 2021 | €73.8b | €45.2b | €2.0b | 29.6x | 37.7x | 1.6x |
| Tue, 03 Aug 2021 | €73.3b | €45.2b | €2.0b | 27x | 37.5x | 1.6x |
Price to Earnings Ratio
37.5x
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 20.6x which is higher than its 3-year average PE of 1.6x.
- 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 5.3% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.7% 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 | 0.042% | |
| Tech | -4.13% | |
| IT | -2.20% | |
| Internet Services and Infrastructure | 4.77% | |
| Data Processing Services | 1.50% | |
| IT Consulting | -2.36% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 6.3x.
- Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings decline of 9.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 100% 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 11% 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 | |
|---|---|---|---|---|---|
| OVH OVH Groupe | €5.85 | 5.1% +€54.1m | -42.9% | PS1.2x | |
| EXN Exclusive Networks | €23.30 | 0.9% +€18.1m | 22.2% | PE51.3x | |
| SWP Sword Group | €34.05 | 1.3% +€4.2m | -21.2% | PE14x | |
| AUB Aubay Société Anonyme | €37.15 | 0.8% +€3.9m | -13.7% | PE14.5x | |
| ALKEY Keyrus | €9.16 | 1.3% +€1.9m | 30.5% | PE41.9x |