French (CAC) Tech Hardware Industry Analysis

UpdatedNov 28, 2021

DataAggregated Company Financials

Companies10

7D-2.2%
3M-10.3%
1Y26.3%
YTD25.4%

Over the last 7 days, the Tech Hardware industry has dropped 4.7%, driven by a pullback from Société Industrielle et Financière de l'Artois of 4.2%. This takes the industry's 12 month performance to a gain of 41%.

Industry Valuation and Performance

Has the French Tech Hardware Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE
Mon, 29 Nov 2021	€2.9b	€1.6b	€122.7m	23.5x
Wed, 27 Oct 2021	€3.1b	€1.6b	€117.3m	18.5x
Fri, 24 Sep 2021	€3.2b	€1.5b	€101.0m	25.8x
Sun, 22 Aug 2021	€3.2b	€1.6b	€114.7m	24.6x
Fri, 09 Jul 2021	€3.0b	€1.6b	€114.7m	29x
Thu, 01 Apr 2021	€2.7b	€1.6b	€114.9m	25x
Sun, 03 Jan 2021	€2.3b	€1.5b	€87.9m	27.3x
Wed, 07 Oct 2020	€2.0b	€1.5b	€41.4m	30.4x
Tue, 30 Jun 2020	€2.0b	€1.6b	€33.9m	24.1x
Fri, 03 Apr 2020	€2.0b	€1.6b	€36.5m	26.1x
Mon, 06 Jan 2020	€2.6b	€1.6b	€65.2m	56.9x
Thu, 10 Oct 2019	€2.5b	€1.6b	€96.6m	41.2x
Wed, 03 Jul 2019	€2.7b	€1.6b	€102.3m	24.9x
Sat, 06 Apr 2019	€2.8b	€1.6b	€119.6m	21.8x
Tue, 08 Jan 2019	€2.7b	€1.6b	€132.9m	17.6x

PE Ratio

18.7x

Thu, 06 Dec 2018

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 24.4x which is lower than its 3-year average PE of 30.7x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the Tech industry have declined 19% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the French Tech Hardware industry?


Tech Hardware Storage and Peripherals	-2.21%

Industry PE: Investors are most optimistic about the Tech Hardware Storage and Peripherals industry even though it's trading below its 3-year average PE ratio of 30.7x. However analysts are expecting annual earnings growth of 22%, which is lower than the prior year's growth of 32% per year. So the market might believe that analysts are underestimating future growth.

Forecasted Growth: Analysts are most optimistic on the Tech Hardware Storage and Peripherals industry, expecting annual earnings growth of 22% over the next 5 years. However this is lower than its past earnings growth rate of 32% per year.