Narrative Update • May 18
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- 7D7.9%
- 3M89.8%
- 1Y128.5%
- YTD133.1%
In the last week, the Semiconductors industry is up 2.1%, with STMicroelectronics up 9.4%. In the last 12 months, the industry was up 131%. Looking forward, earnings are forecast to grow by 40% annually.
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, 21 May 2026 | €53.5b | €12.3b | €162.0m | 66.8x | 330x | 4.3x |
| Sat, 18 Apr 2026 | €38.4b | €11.7b | €173.1m | 78x | 221.8x | 3.3x |
| Mon, 16 Mar 2026 | €28.8b | €12.0b | €178.1m | 42.5x | 161.9x | 2.4x |
| Wed, 11 Feb 2026 | €27.5b | €11.6b | €171.2m | 44.4x | 160.4x | 2.4x |
| Fri, 09 Jan 2026 | €23.6b | €11.7b | €485.1m | 43.5x | 48.6x | 2x |
| Sun, 07 Dec 2025 | €22.1b | €11.8b | €485.7m | 39.4x | 45.5x | 1.9x |
| Tue, 04 Nov 2025 | €21.6b | €12.0b | €571.9m | 38.4x | 37.9x | 1.8x |
| Thu, 02 Oct 2025 | €24.4b | €11.8b | €668.5m | 36.6x | 36.5x | 2.1x |
| Sat, 30 Aug 2025 | €23.4b | €11.9b | €662.1m | 36.1x | 35.4x | 2x |
| Mon, 28 Jul 2025 | €22.6b | €11.8b | €677.2m | 23.8x | 33.4x | 1.9x |
| Wed, 25 Jun 2025 | €25.5b | €12.3b | €1.1b | 18.9x | 23.9x | 2.1x |
| Fri, 23 May 2025 | €22.7b | €12.6b | €1.1b | 17x | 20.3x | 1.8x |
| Sun, 20 Apr 2025 | €18.3b | €13.4b | €1.5b | 12x | 12x | 1.4x |
| Tue, 18 Mar 2025 | €23.2b | €13.9b | €1.6b | 14.4x | 14.7x | 1.7x |
| Thu, 13 Feb 2025 | €22.9b | €14.6b | €1.7b | 14.2x | 13.8x | 1.6x |
| Sat, 11 Jan 2025 | €25.6b | €15.7b | €2.2b | 14.8x | 11.5x | 1.6x |
| Mon, 09 Dec 2024 | €26.4b | €15.3b | €2.2b | 11.6x | 12.2x | 1.7x |
| Wed, 06 Nov 2024 | €25.2b | €14.9b | €2.2b | 11.7x | 11.7x | 1.7x |
| Fri, 04 Oct 2024 | €27.1b | €15.9b | €2.8b | 11.3x | 9.6x | 1.7x |
| Sun, 01 Sep 2024 | €30.8b | €15.8b | €2.8b | 15.7x | 10.9x | 1.9x |
| Tue, 30 Jul 2024 | €33.1b | €16.1b | €2.9b | 15.1x | 11.5x | 2x |
| Thu, 27 Jun 2024 | €37.9b | €17.4b | €3.5b | 15.2x | 10.7x | 2.2x |
| Sat, 25 May 2024 | €40.0b | €17.1b | €3.5b | 16.4x | 11.5x | 2.3x |
| Mon, 22 Apr 2024 | €37.3b | €18.2b | €4.1b | 14.4x | 9.1x | 2x |
| Wed, 20 Mar 2024 | €41.6b | €17.9b | €4.2b | 20.2x | 9.8x | 2.3x |
| Fri, 16 Feb 2024 | €44.5b | €18.0b | €4.3b | 23.9x | 10.4x | 2.5x |
| Sun, 14 Jan 2024 | €42.6b | €17.8b | €4.7b | 24.3x | 9.1x | 2.4x |
| Tue, 12 Dec 2023 | €47.6b | €18.1b | €4.8b | 26.7x | 10x | 2.6x |
| Thu, 09 Nov 2023 | €41.7b | €18.2b | €4.8b | 24.5x | 8.7x | 2.3x |
| Sat, 07 Oct 2023 | €45.1b | €18.3b | €4.8b | 24x | 9.4x | 2.5x |
| Mon, 04 Sep 2023 | €47.5b | €18.0b | €4.7b | 26.3x | 10x | 2.6x |
| Wed, 02 Aug 2023 | €52.4b | €17.7b | €4.7b | 27.7x | 11.3x | 3x |
| Fri, 30 Jun 2023 | €47.4b | €17.3b | €4.5b | 23.5x | 10.4x | 2.7x |
| Sun, 28 May 2023 | €42.9b | €17.4b | €4.6b | 21.4x | 9.4x | 2.5x |
Price to Earnings Ratio
9.4x
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 333x which is higher than its 3-year average PE of 35.4x.
- 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 | 0.22% | |
| Tech | 6.03% | |
| Semiconductors | 7.91% | |
| Semiconductors | 9.18% | |
| Semiconductor Equipment | -1.37% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 36.0x.
- 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 37.2x.
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 | €55.27 | 5.6% +€2.6b | 140.9% | PE387.7x | |
| SOI Soitec | €158.00 | 1.4% +€76.7m | 192.6% | PE522.3x | |
| ALKAL Kalray | €8.88 | 9.0% +€9.4m | 2,014.3% | PS4.6x | |
| MEMS MEMSCAP | €5.30 | 6.6% +€2.5m | 43.2% | PE45.1x | |
| ALRIB Riber | €12.72 | 0.5% +€1.3m | 434.5% | PE50.9x |