Narrative Update • May 03
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- 7D7.0%
- 3M91.9%
- 1Y126.0%
- YTD129.3%
The Semiconductors industry is up 7.0% in the last week, with STMicroelectronics up 7.0%. Meanwhile, Riber actually underperformed within the industry, shrinking 5.9% in the last week. This takes the industry's 12 month performance to a gain of 126%. 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 |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | €52.6b | €12.1b | €159.9m | 71.9x | 328.7x | 4.3x |
| Thu, 09 Apr 2026 | €32.0b | €11.8b | €174.5m | 51.7x | 183.1x | 2.7x |
| Sat, 07 Mar 2026 | €26.9b | €11.8b | €175.3m | 43.8x | 153.4x | 2.3x |
| Mon, 02 Feb 2026 | €23.5b | €11.6b | €164.1m | 47.6x | 143.2x | 2x |
| Wed, 31 Dec 2025 | €22.0b | €11.6b | €480.6m | 43.1x | 45.8x | 1.9x |
| Fri, 28 Nov 2025 | €19.5b | €11.8b | €487.4m | 37.7x | 40.1x | 1.7x |
| Sun, 26 Oct 2025 | €22.1b | €11.8b | €575.7m | 36x | 38.5x | 1.9x |
| Tue, 23 Sep 2025 | €24.1b | €11.8b | €657.0m | 36.7x | 36.7x | 2.1x |
| Thu, 21 Aug 2025 | €22.5b | €11.9b | €664.2m | 35.4x | 33.9x | 1.9x |
| Sat, 19 Jul 2025 | €28.0b | €12.3b | €1.1b | 20.1x | 26.4x | 2.3x |
| Mon, 16 Jun 2025 | €25.3b | €12.4b | €1.1b | 17.9x | 23.6x | 2x |
| Wed, 14 May 2025 | €23.7b | €12.7b | €1.1b | 18.6x | 21x | 1.9x |
| Fri, 11 Apr 2025 | €17.2b | €13.6b | €1.5b | 10.9x | 11.1x | 1.3x |
| Sun, 09 Mar 2025 | €24.0b | €14.0b | €1.6b | 14.8x | 15.1x | 1.7x |
| Tue, 04 Feb 2025 | €23.4b | €14.7b | €1.7b | 13.8x | 13.6x | 1.6x |
| Thu, 02 Jan 2025 | €25.7b | €15.6b | €2.2b | 11.8x | 11.7x | 1.6x |
| Sat, 30 Nov 2024 | €25.3b | €15.3b | €2.2b | 11.1x | 11.7x | 1.6x |
| Mon, 28 Oct 2024 | €27.0b | €16.1b | €2.9b | 11.7x | 9.4x | 1.7x |
| Wed, 25 Sep 2024 | €26.7b | €15.7b | €2.8b | 15.9x | 9.6x | 1.7x |
| Fri, 23 Aug 2024 | €29.8b | €15.8b | €2.8b | 16.1x | 10.6x | 1.9x |
| Sun, 21 Jul 2024 | €38.2b | €17.1b | €3.5b | 15.1x | 11x | 2.2x |
| Tue, 18 Jun 2024 | €40.7b | €17.3b | €3.5b | 13.6x | 11.5x | 2.4x |
| Thu, 16 May 2024 | €40.1b | €17.1b | €3.5b | 16.8x | 11.4x | 2.3x |
| Sat, 13 Apr 2024 | €39.6b | €18.2b | €4.1b | 15.2x | 9.6x | 2.2x |
| Mon, 11 Mar 2024 | €45.1b | €17.7b | €4.2b | 21.5x | 10.7x | 2.5x |
| Wed, 07 Feb 2024 | €43.0b | €18.0b | €4.3b | 21.7x | 10.1x | 2.4x |
| Fri, 05 Jan 2024 | €44.1b | €17.8b | €4.7b | 24.5x | 9.4x | 2.5x |
| Sun, 03 Dec 2023 | €46.9b | €17.9b | €4.7b | 26.6x | 9.9x | 2.6x |
| Tue, 31 Oct 2023 | €38.2b | €18.4b | €4.8b | 21.3x | 7.9x | 2.1x |
| Thu, 28 Sep 2023 | €43.0b | €18.4b | €4.8b | 23.6x | 8.9x | 2.3x |
| Sat, 26 Aug 2023 | €46.3b | €18.0b | €4.7b | 25.8x | 9.8x | 2.6x |
| Mon, 24 Jul 2023 | €49.1b | €17.0b | €4.4b | 25.5x | 11.1x | 2.9x |
| Wed, 21 Jun 2023 | €47.2b | €17.3b | €4.5b | 22.7x | 10.4x | 2.7x |
| Fri, 19 May 2023 | €42.9b | €17.4b | €4.6b | 19.6x | 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 329x which is higher than its 3-year average PE of 33.0x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.3x.
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 | 0.91% | |
| Tech | 2.78% | |
| Semiconductors | 6.97% | |
| Semiconductors | 7.14% | |
| Semiconductor Equipment | 5.76% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 33.6x.
- 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 35.3x.
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 | |
|---|---|---|---|---|---|
| XFAB X-FAB Silicon Foundries | €7.16 | 11.3% +€94.7m | 32.3% | PE58.2x |