Are Investors Undervaluing Thales S.A. (EPA:HO) By 25%?
Feb 21
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French (CAC) Market Analysis & Valuation
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies678
- 7D-0.7%
- 3M12.7%
- 1Y0.7%
- YTD9.3%
The market has stayed flat over the 7 days. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 13% annually.
Market Valuation and Performance
Has the French Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | €3.1t | €2.2t | €144.4b | 14.6x | 21.6x | 1.4x |
| Mon, 20 Jan 2025 | €3.0t | €2.2t | €148.4b | 14.3x | 20.1x | 1.4x |
| Wed, 18 Dec 2024 | €2.8t | €2.2t | €145.4b | 14x | 19.6x | 1.3x |
| Fri, 15 Nov 2024 | €2.8t | €2.2t | €145.6b | 13.8x | 19.2x | 1.3x |
| Sun, 13 Oct 2024 | €2.9t | €2.1t | €147.5b | 14.4x | 19.8x | 1.4x |
| Tue, 10 Sep 2024 | €2.8t | €2.1t | €146.8b | 14.9x | 19.3x | 1.3x |
| Thu, 08 Aug 2024 | €2.8t | €2.1t | €148.0b | 14.6x | 19x | 1.3x |
| Sat, 06 Jul 2024 | €3.0t | €2.1t | €149.3b | 15.9x | 19.8x | 1.4x |
| Mon, 03 Jun 2024 | €3.1t | €2.1t | €149.3b | 17x | 20.7x | 1.5x |
| Wed, 01 May 2024 | €3.1t | €2.1t | €105.0b | 15.7x | 29.4x | 1.5x |
| Fri, 29 Mar 2024 | €3.2t | €2.1t | €104.5b | 15.5x | 30.4x | 1.5x |
| Sun, 25 Feb 2024 | €3.1t | €2.2t | €102.5b | 14.8x | 30.4x | 1.4x |
| Tue, 23 Jan 2024 | €2.9t | €2.2t | €104.1b | 15x | 27.6x | 1.3x |
| Thu, 21 Dec 2023 | €3.0t | €2.2t | €105.6b | 14.5x | 28.2x | 1.3x |
| Sat, 18 Nov 2023 | €2.8t | €2.2t | €105.0b | 13.9x | 27.1x | 1.3x |
| Mon, 16 Oct 2023 | €2.7t | €2.2t | €149.8b | 13.7x | 18.2x | 1.2x |
| Wed, 13 Sep 2023 | €2.9t | €2.2t | €149.7b | 14.6x | 19.2x | 1.3x |
| Fri, 11 Aug 2023 | €3.0t | €2.2t | €150.8b | 14.5x | 19.8x | 1.3x |
| Sun, 09 Jul 2023 | €2.9t | €2.3t | €145.5b | 14.5x | 19.8x | 1.3x |
| Tue, 06 Jun 2023 | €2.9t | €2.3t | €146.3b | 14.3x | 20x | 1.3x |
| Thu, 04 May 2023 | €3.1t | €2.4t | €125.4b | 14.6x | 24.5x | 1.3x |
| Sat, 01 Apr 2023 | €3.0t | €2.4t | €127.1b | 15x | 23.7x | 1.3x |
| Mon, 27 Feb 2023 | €3.0t | €2.4t | €98.7b | 15.4x | 29.9x | 1.2x |
| Wed, 25 Jan 2023 | €2.9t | €2.3t | €117.4b | 14.8x | 24.8x | 1.3x |
| Fri, 23 Dec 2022 | €2.7t | €2.3t | €118.5b | 14.1x | 22.6x | 1.2x |
| Sun, 20 Nov 2022 | €2.7t | €2.3t | €117.8b | 14.2x | 23.2x | 1.2x |
| Tue, 18 Oct 2022 | €2.4t | €2.3t | €117.4b | 13.2x | 20.8x | 1.1x |
| Thu, 15 Sep 2022 | €2.6t | €2.2t | €116.7b | 14.2x | 22.1x | 1.1x |
| Sat, 13 Aug 2022 | €2.7t | €2.3t | €115.3b | 15.2x | 23.6x | 1.2x |
| Mon, 11 Jul 2022 | €2.5t | €2.1t | €114.9b | 14.9x | 21.7x | 1.2x |
| Wed, 08 Jun 2022 | €2.7t | €2.1t | €132.5b | 16.5x | 20.1x | 1.3x |
| Fri, 06 May 2022 | €2.6t | €2.1t | €132.1b | 17x | 19.8x | 1.2x |
| Sun, 03 Apr 2022 | €2.8t | €2.1t | €126.8b | 16.9x | 21.9x | 1.3x |
| Tue, 01 Mar 2022 | €2.8t | €2.1t | €141.7b | 17.5x | 19.6x | 1.3x |
Price to Earnings Ratio
19.6x
Current Market PE
- Investors are relatively neutral on the French market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 22.5x.
Past Earnings Growth
- Both revenue and earnings for French listed companies have remained mostly flat over the last three years.
- This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Sector Trends
Which sectors have driven the changes within the French Market?
| FR Market | -0.71% | |
| Utilities | 1.04% | |
| Industrials | 1.03% | |
| Financials | 0.23% | |
| Energy | 0.19% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Materials | -0.30% | |
| Real Estate | -0.67% | |
| Consumer Staples | -1.09% | |
| Telecom | -1.09% | |
| Healthcare | -1.35% | |
| Tech | -1.41% | |
| Consumer Discretionary | -2.24% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 25.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 15.3% which is higher than its past year's earnings decline of 16.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 1.3% 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 | |
|---|---|---|---|---|---|---|
| SU Schneider Electric | €257.40 | 4.4% +€6.1b | 22.7% | PE37.4x | Industrials | |
| HO Thales | €182.25 | 10.2% +€3.5b | 34.4% | PE39.3x | Industrials | |
| STMPA STMicroelectronics | €26.75 | 14.7% +€3.1b | -35.6% | PE16.1x | Tech | |
| AI L'Air Liquide | €178.40 | 2.5% +€2.5b | 3.6% | PE33.8x | Materials | |
| OR L'Oréal | €346.10 | 0.8% +€1.5b | -23.1% | PE28.9x | Consumer Staples |
