Narrative Update • May 03
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- 7D7.6%
- 3M97.2%
- 1Y127.0%
- YTD136.4%
In the last week, the Semiconductors industry is up 7.6%, with STMicroelectronics up 7.9%. In the same time, Riber was down 6.5%. This means that the industry has gained 127% over the past year. As for the next few years, earnings are expected to grow by 40% per annum.
Industry Valuation and Performance
Has the French Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 14 May 2026 | €54.2b | €12.2b | €160.7m | 72.4x | 337.2x | 4.4x |
| Sat, 11 Apr 2026 | €33.9b | €11.7b | €173.6m | 59.4x | 195.3x | 2.9x |
| Mon, 09 Mar 2026 | €26.9b | €11.8b | €175.3m | 43.8x | 153.4x | 2.3x |
| Wed, 04 Feb 2026 | €23.1b | €11.6b | €164.7m | 45.3x | 140x | 2x |
| Fri, 02 Jan 2026 | €22.0b | €11.7b | €481.4m | 42.7x | 45.7x | 1.9x |
| Sun, 30 Nov 2025 | €19.7b | €11.8b | €487.2m | 37.3x | 40.4x | 1.7x |
| Tue, 28 Oct 2025 | €22.3b | €11.8b | €575.0m | 36.2x | 38.8x | 1.9x |
| Thu, 25 Sep 2025 | €24.9b | €11.8b | €660.1m | 36.7x | 37.7x | 2.1x |
| Sat, 23 Aug 2025 | €23.8b | €11.8b | €661.0m | 37.2x | 36x | 2x |
| Mon, 21 Jul 2025 | €28.0b | €12.3b | €1.1b | 20.1x | 26.4x | 2.3x |
| Wed, 18 Jun 2025 | €25.0b | €12.4b | €1.1b | 18.1x | 23.2x | 2x |
| Fri, 16 May 2025 | €23.5b | €12.7b | €1.1b | 18.4x | 20.9x | 1.8x |
| Sun, 13 Apr 2025 | €17.8b | €13.4b | €1.5b | 11.9x | 11.7x | 1.3x |
| Tue, 11 Mar 2025 | €23.7b | €14.0b | €1.6b | 14.5x | 14.9x | 1.7x |
| Thu, 06 Feb 2025 | €23.2b | €14.6b | €1.7b | 14.2x | 13.7x | 1.6x |
| Sat, 04 Jan 2025 | €24.8b | €15.7b | €2.2b | 12.6x | 11.2x | 1.6x |
| Mon, 02 Dec 2024 | €25.3b | €15.3b | €2.2b | 11.2x | 11.7x | 1.7x |
| Wed, 30 Oct 2024 | €27.4b | €16.1b | €2.9b | 12x | 9.6x | 1.7x |
| Fri, 27 Sep 2024 | €27.5b | €15.7b | €2.8b | 11.6x | 9.9x | 1.8x |
| Sun, 25 Aug 2024 | €30.0b | €15.6b | €2.8b | 15.6x | 10.8x | 1.9x |
| Tue, 23 Jul 2024 | €39.2b | €17.1b | €3.5b | 15.1x | 11.3x | 2.3x |
| Thu, 20 Jun 2024 | €39.2b | €17.3b | €3.5b | 14.8x | 11.1x | 2.3x |
| Sat, 18 May 2024 | €39.6b | €17.1b | €3.5b | 15.8x | 11.3x | 2.3x |
| Mon, 15 Apr 2024 | €39.6b | €18.2b | €4.1b | 15.2x | 9.6x | 2.2x |
| Wed, 13 Mar 2024 | €45.9b | €17.8b | €4.2b | 21.4x | 10.9x | 2.6x |
| Fri, 09 Feb 2024 | €44.1b | €17.9b | €4.3b | 22.6x | 10.3x | 2.5x |
| Sun, 07 Jan 2024 | €43.8b | €17.8b | €4.7b | 24.4x | 9.3x | 2.5x |
| Tue, 05 Dec 2023 | €46.2b | €18.0b | €4.7b | 25.2x | 9.7x | 2.6x |
| Thu, 02 Nov 2023 | €38.9b | €18.5b | €4.9b | 21.9x | 8x | 2.1x |
| Sat, 30 Sep 2023 | €44.3b | €18.3b | €4.8b | 24.3x | 9.2x | 2.4x |
| Mon, 28 Aug 2023 | €46.3b | €17.9b | €4.7b | 25.8x | 9.8x | 2.6x |
| Wed, 26 Jul 2023 | €50.0b | €17.1b | €4.5b | 25.1x | 11.2x | 2.9x |
| Fri, 23 Jun 2023 | €46.2b | €17.2b | €4.5b | 22x | 10.3x | 2.7x |
| Sun, 21 May 2023 | €43.5b | €17.3b | €4.6b | 20.5x | 9.5x | 2.5x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the French Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 337x which is higher than its 3-year average PE of 33.6x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 67% per year over the last three years,
- Revenues have also declined 11% 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 Tech industry?
| FR Market | -3.48% | |
| Tech | 0.84% | |
| Semiconductors | 7.60% | |
| Semiconductors | 7.99% | |
| Semiconductor Equipment | 4.84% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 34.1x.
- Analysts are expecting annual earnings growth of 39.7%, which is higher than its past year's earnings decline of 62.8% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 35.8x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 40% 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 | |
|---|---|---|---|---|---|
| STMPA STMicroelectronics | €52.34 | 7.9% +€3.4b | 124.7% | PE370.6x | |
| SOI Soitec | €155.85 | 6.1% +€321.2m | 168.8% | PE515.2x | |
| XFAB X-FAB Silicon Foundries | €7.61 | 13.3% +€116.3m | 42.0% | PE61.7x |