French (CAC) Semiconductors Industry Analysis

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
Mon, 25 May 2026	€60.0b	€12.3b	€161.9m	69.3x	370.7x	4.9x
Wed, 22 Apr 2026	€38.8b	€11.7b	€175.7m	59.1x	221.1x	3.3x
Fri, 20 Mar 2026	€27.9b	€11.8b	€175.8m	44.3x	158.9x	2.4x
Sun, 15 Feb 2026	€27.9b	€11.6b	€171.6m	44.6x	162.4x	2.4x
Tue, 13 Jan 2026	€23.9b	€11.7b	€484.3m	44.1x	49.4x	2x
Thu, 11 Dec 2025	€21.9b	€11.7b	€485.4m	40.6x	45.2x	1.9x
Sat, 08 Nov 2025	€20.4b	€11.9b	€569.7m	36.3x	35.8x	1.7x
Mon, 06 Oct 2025	€25.2b	€11.8b	€668.3m	37.9x	37.8x	2.1x
Wed, 03 Sep 2025	€22.4b	€11.9b	€665.0m	33.9x	33.6x	1.9x
Fri, 01 Aug 2025	€22.7b	€12.1b	€694.3m	23x	32.7x	1.9x
Sun, 29 Jun 2025	€25.6b	€12.2b	€1.1b	20.2x	24.2x	2.1x
Tue, 27 May 2025	€22.5b	€12.5b	€1.1b	17.4x	20.3x	1.8x
Thu, 24 Apr 2025	€19.5b	€13.4b	€1.5b	12.5x	12.8x	1.5x
Sat, 22 Mar 2025	€22.4b	€14.0b	€1.6b	13.7x	14.1x	1.6x
Mon, 17 Feb 2025	€23.9b	€14.4b	€1.6b	14.1x	14.6x	1.7x
Wed, 15 Jan 2025	€24.8b	€15.7b	€2.2b	15.6x	11.2x	1.6x
Fri, 13 Dec 2024	€26.1b	€15.4b	€2.2b	12x	12.1x	1.7x
Sun, 10 Nov 2024	€25.4b	€15.2b	€2.2b	11.6x	11.6x	1.7x
Tue, 08 Oct 2024	€27.1b	€15.9b	€2.8b	11x	9.6x	1.7x
Thu, 05 Sep 2024	€28.9b	€15.8b	€2.8b	15.5x	10.3x	1.8x
Sat, 03 Aug 2024	€30.1b	€16.0b	€2.9b	15.2x	10.6x	1.9x
Mon, 01 Jul 2024	€37.8b	€17.3b	€3.5b	14.8x	10.7x	2.2x
Wed, 29 May 2024	€39.8b	€17.1b	€3.5b	16.6x	11.4x	2.3x
Fri, 26 Apr 2024	€40.0b	€17.4b	€3.6b	14.6x	11.2x	2.3x
Sun, 24 Mar 2024	€41.5b	€17.9b	€4.3b	20.1x	9.8x	2.3x
Tue, 20 Feb 2024	€44.0b	€18.0b	€4.3b	23.4x	10.3x	2.4x
Thu, 18 Jan 2024	€41.3b	€17.9b	€4.7b	22x	8.7x	2.3x
Sat, 16 Dec 2023	€49.8b	€17.9b	€4.7b	27.4x	10.6x	2.8x
Mon, 13 Nov 2023	€42.0b	€18.3b	€4.8b	24.7x	8.7x	2.3x
Wed, 11 Oct 2023	€45.8b	€18.3b	€4.8b	24.3x	9.5x	2.5x
Fri, 08 Sep 2023	€44.7b	€18.1b	€4.8b	24.6x	9.4x	2.5x
Sun, 06 Aug 2023	€49.4b	€17.6b	€4.6b	27.2x	10.7x	2.8x
Tue, 04 Jul 2023	€48.6b	€17.3b	€4.5b	23.9x	10.8x	2.8x
Thu, 01 Jun 2023	€42.7b	€17.5b	€4.6b	20.9x	9.2x	2.4x

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 371x which is higher than its 3-year average PE of 37.0x.

The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.9x.

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	1.81%
Tech	6.95%
Semiconductors	11.81%
Semiconductor Equipment	22.62%
Semiconductors	10.49%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 37.6x.

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 38.5x.

Forecasted Growth

Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 43% 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	€57.93	10.5% +€4.9b	161.8%	PE406.5x
SOI Soitec	€177.35	26.5% +€1.3b	225.1%	PE586.3x
XFAB X-FAB Silicon Foundries	€7.89	6.9% +€66.6m	52.5%	PE63.5x
ALRIB Riber	€15.36	23.7% +€61.6m	460.6%	PE61.4x
ALKAL Kalray	€11.06	34.7% +€42.8m	2,258.2%	PS6.6x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€6.0m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable next year (€6.2m net loss next year).

French (CAC) Semiconductors Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 19%

New major risk - Shareholder dilution

Investor sentiment deteriorates as stock falls 16%

STMPA: AI Server Demand Will Eventually Test Bullish Earnings Assumptions

New minor risk - Share price stability

SOI: Execution Risks And Mixed Broker Stances Will Limit Future Share Momentum

Investor sentiment deteriorates as stock falls 15%