Narrative Update • May 15
Have your own idea? Try our Stock Screener
- 7D3.7%
- 3M100.4%
- 1Y133.9%
- YTD137.4%
The Semiconductors industry is up 5.3% in the last week, with STMicroelectronics up 7.7%. During this same period, the Soitec underperformed, falling 14%. This takes the industry's 12 month performance to a gain of 131%. 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 |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | €54.4b | €12.3b | €161.8m | 74x | 336.4x | 4.4x |
| Wed, 15 Apr 2026 | €35.2b | €11.6b | €172.7m | 73.6x | 203.7x | 3x |
| Fri, 13 Mar 2026 | €29.1b | €11.9b | €176.7m | 43.5x | 164.7x | 2.4x |
| Sun, 08 Feb 2026 | €24.5b | €11.6b | €172.3m | 43.2x | 142.1x | 2.1x |
| Tue, 06 Jan 2026 | €23.3b | €11.7b | €482.7m | 43.5x | 48.3x | 2x |
| Thu, 04 Dec 2025 | €21.1b | €11.7b | €484.8m | 39x | 43.4x | 1.8x |
| Sat, 01 Nov 2025 | €21.7b | €11.9b | €580.1m | 33.3x | 37.5x | 1.8x |
| Mon, 29 Sep 2025 | €24.0b | €11.8b | €670.1m | 36.3x | 35.9x | 2x |
| Wed, 27 Aug 2025 | €23.7b | €11.9b | €664.9m | 36.7x | 35.6x | 2x |
| Fri, 25 Jul 2025 | €22.9b | €12.2b | €1.1b | 20.2x | 21.6x | 1.9x |
| Sun, 22 Jun 2025 | €24.6b | €12.4b | €1.1b | 17.3x | 22.9x | 2x |
| Tue, 20 May 2025 | €23.0b | €12.7b | €1.1b | 17.1x | 20.6x | 1.8x |
| Thu, 17 Apr 2025 | €18.4b | €13.4b | €1.5b | 12.1x | 12.1x | 1.4x |
| Sat, 15 Mar 2025 | €22.9b | €13.9b | €1.6b | 14.1x | 14.5x | 1.6x |
| Mon, 10 Feb 2025 | €22.2b | €14.6b | €1.7b | 14.2x | 13.3x | 1.5x |
| Wed, 08 Jan 2025 | €27.2b | €15.6b | €2.2b | 14.1x | 12.4x | 1.7x |
| Fri, 06 Dec 2024 | €26.1b | €15.3b | €2.2b | 11.7x | 12.1x | 1.7x |
| Sun, 03 Nov 2024 | €25.6b | €15.0b | €2.2b | 11.7x | 11.8x | 1.7x |
| Tue, 01 Oct 2024 | €28.0b | €15.7b | €2.8b | 11.6x | 10x | 1.8x |
| Thu, 29 Aug 2024 | €29.7b | €15.7b | €2.8b | 15.5x | 10.6x | 1.9x |
| Sat, 27 Jul 2024 | €32.9b | €16.1b | €2.9b | 14.9x | 11.5x | 2x |
| Mon, 24 Jun 2024 | €38.9b | €17.4b | €3.5b | 14.8x | 11x | 2.2x |
| Wed, 22 May 2024 | €39.0b | €17.2b | €3.5b | 15.6x | 11.1x | 2.3x |
| Fri, 19 Apr 2024 | €38.2b | €18.2b | €4.1b | 14.8x | 9.3x | 2.1x |
| Sun, 17 Mar 2024 | €42.9b | €17.8b | €4.2b | 20.5x | 10.2x | 2.4x |
| Tue, 13 Feb 2024 | €45.5b | €18.0b | €4.3b | 23.9x | 10.7x | 2.5x |
| Thu, 11 Jan 2024 | €43.3b | €17.8b | €4.7b | 25.1x | 9.2x | 2.4x |
| Sat, 09 Dec 2023 | €47.5b | €18.1b | €4.8b | 26.6x | 9.9x | 2.6x |
| Mon, 06 Nov 2023 | €41.7b | €18.2b | €4.8b | 23.9x | 8.7x | 2.3x |
| Wed, 04 Oct 2023 | €44.3b | €18.5b | €4.9b | 23.8x | 9.1x | 2.4x |
| Fri, 01 Sep 2023 | €47.5b | €17.9b | €4.7b | 26x | 10.1x | 2.7x |
| Sun, 30 Jul 2023 | €52.2b | €17.6b | €4.6b | 27.6x | 11.3x | 3x |
| Tue, 27 Jun 2023 | €46.0b | €17.3b | €4.5b | 22.1x | 10.2x | 2.7x |
| Thu, 25 May 2023 | €41.1b | €17.4b | €4.6b | 19.4x | 9x | 2.4x |
Price to Earnings Ratio
9x
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 336x which is higher than its 3-year average PE of 34.5x.
- 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 | -0.95% | |
| Tech | 1.93% | |
| Semiconductors | 3.70% | |
| Semiconductors | 5.30% | |
| Semiconductor Equipment | -7.38% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 35.1x.
- 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 36.5x.
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 | €52.83 | 5.0% +€2.2b | 131.7% | PE371.2x | |
| XFAB X-FAB Silicon Foundries | €8.02 | 8.8% +€84.9m | 51.3% | PE64.6x | |
| ALKAL Kalray | €8.34 | 10.3% +€10.1m | 1,697.4% | PS4.3x | |
| MEMS MEMSCAP | €5.36 | 3.3% +€1.3m | 41.8% | PE45.6x |