Narrative Update • Aug 25
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French (CAC) Telecom Sector Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies43
- 7D-2.4%
- 3M-7.3%
- 1Y7.7%
- YTD7.9%
Over the last 7 days, the Telecom industry has dropped 2.4%, driven by Orange declining 4.8%. This takes the industry's 12 month performance to a gain of 7.7%. As for the next few years, earnings are expected to grow by 9.5% per annum.
Sector Valuation and Performance
Has the French Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | €88.1b | €98.8b | €5.0b | 15.6x | 17.7x | 0.9x |
| Tue, 28 Jul 2026 | €89.5b | €97.2b | €1.4b | 15.4x | 62x | 0.9x |
| Thu, 25 Jun 2026 | €89.9b | €95.2b | €863.5m | 15.3x | 104.1x | 0.9x |
| Sat, 23 May 2026 | €94.6b | €95.3b | €870.3m | 14.4x | 108.7x | 1x |
| Mon, 20 Apr 2026 | €89.6b | €95.5b | €2.3b | 14x | 38.8x | 0.9x |
| Wed, 18 Mar 2026 | €85.0b | €92.8b | €2.4b | 11.7x | 35.4x | 0.9x |
| Fri, 13 Feb 2026 | €81.8b | €92.3b | €2.1b | 11.4x | 38.2x | 0.9x |
| Sun, 11 Jan 2026 | €78.4b | €91.7b | €2.2b | 12.8x | 35.7x | 0.9x |
| Tue, 09 Dec 2025 | €94.0b | €95.0b | €2.7b | 12.4x | 35.2x | 1x |
| Thu, 06 Nov 2025 | €94.9b | €95.0b | €2.6b | 12.5x | 36.6x | 1x |
| Sat, 04 Oct 2025 | €95.2b | €95.1b | €2.6b | 12.7x | 37.1x | 1x |
| Mon, 01 Sep 2025 | €95.8b | €95.1b | €2.3b | 12x | 41x | 1x |
| Wed, 30 Jul 2025 | €97.8b | €95.9b | €2.3b | 11.9x | 41.9x | 1x |
| Fri, 27 Jun 2025 | €99.0b | €94.9b | €3.3b | 11.1x | 30x | 1x |
| Sun, 25 May 2025 | €102.4b | €94.9b | €3.3b | 12.7x | 31.1x | 1.1x |
| Tue, 22 Apr 2025 | €95.7b | €95.1b | €3.4b | 12x | 28x | 1x |
| Thu, 20 Mar 2025 | €98.1b | €95.2b | €3.5b | 10.9x | 28.2x | 1x |
| Sat, 15 Feb 2025 | €98.6b | €120.4b | €5.0b | 11.2x | 19.6x | 0.8x |
| Mon, 13 Jan 2025 | €92.7b | €123.7b | €4.7b | 10.8x | 19.9x | 0.7x |
| Wed, 11 Dec 2024 | €99.4b | €118.5b | €4.6b | 11x | 21.7x | 0.8x |
| Fri, 08 Nov 2024 | €101.0b | €118.6b | €4.6b | 11.3x | 22x | 0.9x |
| Sun, 06 Oct 2024 | €102.0b | €118.8b | €4.8b | 11.9x | 21.1x | 0.9x |
| Tue, 03 Sep 2024 | €103.6b | €118.8b | €4.9b | 13.2x | 21.3x | 0.9x |
| Thu, 01 Aug 2024 | €102.9b | €118.6b | €5.2b | 13.9x | 19.6x | 0.9x |
| Sat, 29 Jun 2024 | €99.5b | €108.1b | €5.3b | 14.8x | 18.6x | 0.9x |
| Mon, 27 May 2024 | €109.4b | €108.1b | €5.4b | 17x | 20.4x | 1x |
| Wed, 24 Apr 2024 | €109.4b | €107.6b | -€38,371,841,020.00 | 18.1x | -2.9x | 1x |
| Fri, 22 Mar 2024 | €105.4b | €107.4b | -€38,384,747,941.00 | 17.8x | -2.7x | 1x |
| Sun, 18 Feb 2024 | €107.7b | €113.0b | -€39,637,777,564.00 | 16.6x | -2.7x | 1x |
| Tue, 16 Jan 2024 | €103.3b | €112.6b | -€40,363,150,564.00 | 17.9x | -2.6x | 0.9x |
| Thu, 14 Dec 2023 | €97.8b | €112.6b | -€40,350,248,564.00 | 17.5x | -2.4x | 0.9x |
| Sat, 11 Nov 2023 | €95.9b | €112.6b | -€40,349,585,742.00 | 17.9x | -2.4x | 0.9x |
| Mon, 09 Oct 2023 | €94.5b | €112.4b | €2.7b | 16.4x | 34.9x | 0.8x |
| Wed, 06 Sep 2023 | €95.4b | €112.4b | €2.7b | 16.5x | 35.3x | 0.8x |
Price to Earnings Ratio
35.3x
Current Industry PE
- Investors are pessimistic on the French Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.7x which is lower than its 3-year average PE of 28.2x.
- The industry is trading close to its 3-year average PS ratio of 0.93x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 22% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.2% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the French Telecom sector?
| FR Market | -0.74% | |
| Telecom | -2.44% | |
| Wireless Telecom | 0% | 0 |
| Media | -0.24% | |
| Entertainment | -1.63% | |
| Telecom Services and Carriers | -4.82% | |
| Interactive Media and Services | -6.51% | |
Industry PE
- Investors are most optimistic about the Media industry even though it's trading below its 3-year average PE ratio of 20.9x.
- Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings decline of 5.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 63% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| DEC JCDecaux | €24.02 | 1.5% +€76.6m | 63.3% | PE15.6x | |
| MMB Lagardere | €18.82 | 1.0% +€25.7m | -8.2% | PE12.8x | |
| IPS Ipsos | €39.40 | 1.1% +€17.6m | 11.0% | PE9.5x | |
| SESG SES | €4.95 | 0.5% +€10.8m | -17.1% | PS0.6x | |
| ALHG Louis Hachette Group | €1.81 | 0.5% +€8.9m | 10.1% | PE81.5x |
