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Oct 28
French (CAC) Healthcare Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies71
- 7D-8.2%
- 3M-16.1%
- 1Y-8.9%
- YTD-12.2%
Over the last 7 days, the Healthcare industry has dropped 8.2%, driven by a pullback from Sanofi of 18%. However, the industry is down 8.9% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the French Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | €234.5b | €104.2b | €12.8b | 20.8x | 18.3x | 2.2x |
| Wed, 27 Sep 2023 | €269.6b | €105.0b | €12.5b | 21x | 21.6x | 2.6x |
| Fri, 25 Aug 2023 | €272.2b | €104.5b | €12.5b | 22.1x | 21.8x | 2.6x |
| Sun, 23 Jul 2023 | €275.6b | €103.6b | €12.3b | 19.5x | 22.3x | 2.7x |
| Tue, 20 Jun 2023 | €262.9b | €103.8b | €12.4b | 19.9x | 21.2x | 2.5x |
| Thu, 18 May 2023 | €276.2b | €108.3b | €12.1b | 20.9x | 22.9x | 2.6x |
| Sat, 15 Apr 2023 | €279.4b | €107.8b | €12.3b | 20.4x | 22.7x | 2.6x |
| Mon, 13 Mar 2023 | €258.4b | €107.8b | €12.7b | 19.6x | 20.4x | 2.4x |
| Wed, 08 Feb 2023 | €268.1b | €105.9b | €10.8b | 18.5x | 24.8x | 2.5x |
| Fri, 06 Jan 2023 | €266.4b | €104.9b | €10.5b | 17.5x | 25.4x | 2.5x |
| Sun, 04 Dec 2022 | €269.2b | €105.1b | €10.5b | 18.6x | 25.7x | 2.6x |
| Tue, 01 Nov 2022 | €257.2b | €104.9b | €10.2b | 17.7x | 25.2x | 2.5x |
| Thu, 29 Sep 2022 | €172.7b | €79.3b | €9.0b | 16.1x | 19.3x | 2.2x |
| Sat, 27 Aug 2022 | €191.5b | €78.9b | €9.0b | 20.6x | 21.2x | 2.4x |
| Mon, 25 Jul 2022 | €212.6b | €76.7b | €9.1b | 20.6x | 23.2x | 2.8x |
| Wed, 22 Jun 2022 | €194.3b | €76.4b | €9.2b | 18.2x | 21.1x | 2.5x |
| Fri, 20 May 2022 | €208.8b | €75.5b | €9.2b | 19.1x | 22.7x | 2.8x |
| Sun, 17 Apr 2022 | €220.7b | €74.4b | €8.8b | 19.6x | 25.1x | 3x |
| Tue, 15 Mar 2022 | €203.4b | €73.7b | €8.5b | 18.8x | 23.8x | 2.8x |
| Thu, 10 Feb 2022 | €210.8b | €72.4b | €8.6b | 18.9x | 24.6x | 2.9x |
| Sat, 08 Jan 2022 | €216.9b | €71.8b | €8.5b | 23x | 25.5x | 3x |
| Mon, 06 Dec 2021 | €218.3b | €71.8b | €8.5b | 22.2x | 25.7x | 3x |
| Wed, 03 Nov 2021 | €228.5b | €71.7b | €8.5b | 24.4x | 26.9x | 3.2x |
| Fri, 01 Oct 2021 | €218.0b | €70.5b | €8.0b | 22.7x | 27.1x | 3.1x |
| Sun, 29 Aug 2021 | €230.4b | €70.2b | €8.1b | 26.1x | 28.5x | 3.3x |
| Mon, 05 Jul 2021 | €212.5b | €70.2b | €8.1b | 26.6x | 26.3x | 3x |
| Thu, 08 Apr 2021 | €199.0b | €68.5b | €14.2b | 28.3x | 14x | 2.9x |
| Sun, 10 Jan 2021 | €185.4b | €67.9b | €14.0b | 28.1x | 13.2x | 2.7x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are pessimistic on the French Healthcare 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 19.0x which is lower than its 3-year average PE of 21.8x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 16% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the French Healthcare sector?
| FR Market | 0.10% | |
| Healthcare | -8.15% | |
| Healthtech | 4.96% | |
| Medical Equipment | 2.90% | |
| Biotech | 1.43% | |
| Life Sciences | -4.53% | |
| Healthcare Services | -7.96% | |
| Pharma | -15.96% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry, which is trading close to its 3-year average PE ratio of 32.3x.
- Analysts are expecting annual earnings growth of 12.8%, which is higher than its past year's earnings growth of 1.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings decline of 32% per year.
- In contrast, the Pharma industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| EL EssilorLuxottica Société anonyme | €168.02 | 1.5% +€1.1b | 4.8% | PE32.3x | |
| VIRP Virbac | €270.00 | 6.5% +€139.3m | 8.9% | PE19.1x | |
| BIM bioMérieux | €88.52 | 1.3% +€134.7m | -1.1% | PE27.1x | |
| EQS Equasens Société anonyme | €68.80 | 7.8% +€75.2m | -3.2% | PE21.3x | |
| ALSEN Sensorion | €0.61 | 24.9% +€22.8m | 22.4% | PS20.4x |
