AXA SA's (EPA:CS) Low P/E No Reason For Excitement
Nov 19
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French (CAC) Market Analysis & Valuation
UpdatedNov 28, 2024
DataAggregated Company Financials
Companies681
- 7D-0.2%
- 3M-6.8%
- 1Y-4.4%
- YTD-6.6%
The market has been flat in the last week, however the Energy sector is down 5.3%. Unfortunately though, the market is down 4.4% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.
Market Valuation and Performance
Has the French Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 Nov 2024 | €2.7t | €2.2t | €145.4b | 13.7x | 18.9x | 1.3x |
| Sat, 26 Oct 2024 | €2.9t | €2.1t | €147.7b | 14.2x | 19.4x | 1.3x |
| Mon, 23 Sep 2024 | €2.9t | €2.1t | €145.0b | 14.6x | 19.7x | 1.3x |
| Wed, 21 Aug 2024 | €2.9t | €2.1t | €147.2b | 14.7x | 19.6x | 1.4x |
| Fri, 19 Jul 2024 | €2.9t | €2.1t | €149.4b | 15.6x | 19.5x | 1.4x |
| Sun, 16 Jun 2024 | €2.9t | €2.1t | €149.6b | 16.1x | 19.5x | 1.4x |
| Tue, 14 May 2024 | €3.2t | €2.1t | €148.7b | 16.7x | 21.3x | 1.5x |
| Thu, 11 Apr 2024 | €3.1t | €2.1t | €103.6b | 15.7x | 30x | 1.5x |
| Sat, 09 Mar 2024 | €3.1t | €2.1t | €101.6b | 15.1x | 30.8x | 1.5x |
| Mon, 05 Feb 2024 | €3.0t | €2.2t | €99.8b | 14.9x | 29.9x | 1.3x |
| Wed, 03 Jan 2024 | €2.9t | €2.2t | €103.7b | 15.3x | 28.4x | 1.3x |
| Fri, 01 Dec 2023 | €2.9t | €2.2t | €105.9b | 14.3x | 27x | 1.3x |
| Sun, 29 Oct 2023 | €2.7t | €2.2t | €149.9b | 13.4x | 17.7x | 1.2x |
| Tue, 26 Sep 2023 | €2.8t | €2.2t | €150.0b | 14.2x | 18.6x | 1.2x |
| Thu, 24 Aug 2023 | €2.9t | €2.2t | €150.9b | 14.4x | 19.2x | 1.3x |
| Sat, 22 Jul 2023 | €3.0t | €2.3t | €142.9b | 14.9x | 21.1x | 1.3x |
| Mon, 19 Jun 2023 | €3.0t | €2.3t | €145.8b | 14.2x | 20.6x | 1.3x |
| Wed, 17 May 2023 | €3.1t | €2.4t | €126.6b | 14.6x | 24.2x | 1.3x |
| Fri, 14 Apr 2023 | €3.1t | €2.4t | €125.6b | 15x | 24.5x | 1.3x |
| Sun, 12 Mar 2023 | €3.0t | €2.4t | €100.4b | 15.1x | 29.6x | 1.2x |
| Tue, 07 Feb 2023 | €3.0t | €2.3t | €119.2b | 15.3x | 24.8x | 1.3x |
| Thu, 05 Jan 2023 | €2.8t | €2.3t | €118.5b | 14.4x | 23.6x | 1.2x |
| Sat, 03 Dec 2022 | €2.8t | €2.3t | €118.4b | 14.3x | 23.4x | 1.2x |
| Mon, 31 Oct 2022 | €2.6t | €2.3t | €119.4b | 13.7x | 21.6x | 1.1x |
| Wed, 28 Sep 2022 | €2.4t | €2.3t | €118.4b | 13.4x | 20.1x | 1.1x |
| Fri, 26 Aug 2022 | €2.7t | €2.2t | €116.1b | 14.7x | 22.9x | 1.2x |
| Sun, 24 Jul 2022 | €2.6t | €2.1t | €116.3b | 15x | 22.3x | 1.2x |
| Tue, 21 Jun 2022 | €2.4t | €2.1t | €114.3b | 15.1x | 21.1x | 1.2x |
| Thu, 19 May 2022 | €2.6t | €2.1t | €132.5b | 16.5x | 19.6x | 1.2x |
| Sat, 16 Apr 2022 | €2.7t | €2.1t | €129.1b | 17.3x | 21.1x | 1.3x |
| Mon, 14 Mar 2022 | €2.6t | €2.1t | €139.6b | 17.2x | 18.7x | 1.3x |
| Wed, 09 Feb 2022 | €2.9t | €2.0t | €125.9b | 18.7x | 23x | 1.4x |
| Fri, 07 Jan 2022 | €3.0t | €2.0t | €122.5b | 18.5x | 24.8x | 1.5x |
| Sun, 05 Dec 2021 | €2.9t | €2.0t | €122.0b | 18.5x | 23.8x | 1.4x |
Price to Earnings Ratio
23.8x
Current Market PE
- Investors are pessimistic on the French market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 18.9x which is lower than its 3-year average PE of 22.8x.
Past Earnings Growth
- The earnings for French listed companies have grown 6.0% per year over the last three years.
- Revenues for these companies have grown 2.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the French Market?
| FR Market | -0.20% | |
| Consumer Staples | 2.26% | |
| Consumer Discretionary | 2.12% | |
| Tech | 0.91% | |
| Healthcare | 0.75% | |
| Telecom | 0.70% | |
| Real Estate | 0.20% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.97% | |
| Materials | -1.41% | |
| Utilities | -3.11% | |
| Financials | -4.77% | |
| Energy | -5.34% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 25.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 17.1% which is higher than its past year's earnings decline of 19.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings decline of 7.6% per year.
- In contrast, the Energy 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 | Sector | |
|---|---|---|---|---|---|---|
| MC LVMH Moët Hennessy - Louis Vuitton Société Européenne | €590.10 | 2.6% +€7.3b | -14.5% | PE21.1x | Consumer Discretionary | |
| OR L'Oréal | €332.85 | 4.0% +€6.8b | -22.9% | PE27.5x | Consumer Staples | |
| RMS Hermès International Société en commandite par actions | €2.04k | 3.0% +€6.3b | 7.5% | PE48x | Consumer Discretionary | |
| SAN Sanofi | €92.31 | 1.7% +€1.9b | 8.8% | PE25.7x | Healthcare | |
| CDI Christian Dior | €549.50 | 1.3% +€1.3b | -18.0% | PE17x | Consumer Discretionary |
