Lectra (EPA:LSS) Seems To Use Debt Quite Sensibly
Oct 28
French (CAC) Software Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies33
- 7D10.8%
- 3M-3.3%
- 1Y8.9%
- YTD10.4%
In the last week, the Software industry is up 11%, with Dassault Systèmes up 11%. During this same period, the Proactis underperformed, falling 22%. This means that the industry has gained 8.9% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the French Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | €55.3b | €8.0b | €1.1b | 47.1x | 50.9x | 6.9x |
| Wed, 27 Sep 2023 | €49.9b | €7.8b | €1.0b | 43.5x | 48.2x | 6.4x |
| Fri, 25 Aug 2023 | €52.0b | €7.8b | €1.1b | 47.9x | 49.5x | 6.7x |
| Sun, 23 Jul 2023 | €57.8b | €7.7b | €948.9m | 38.4x | 60.9x | 7.5x |
| Tue, 20 Jun 2023 | €58.4b | €7.7b | €950.4m | 30x | 61.4x | 7.6x |
| Thu, 18 May 2023 | €52.2b | €7.7b | €958.1m | 32.1x | 54.5x | 6.8x |
| Sat, 15 Apr 2023 | €54.1b | €7.6b | €972.7m | 34.4x | 55.6x | 7.1x |
| Mon, 13 Mar 2023 | €52.3b | €7.6b | €944.1m | 38.1x | 55.4x | 6.9x |
| Wed, 08 Feb 2023 | €55.2b | €7.5b | €1.0b | 42x | 54.9x | 7.3x |
| Fri, 06 Jan 2023 | €50.8b | €7.3b | €913.4m | 36.9x | 55.7x | 7x |
| Sun, 04 Dec 2022 | €52.8b | €7.3b | €911.7m | 36.3x | 57.9x | 7.2x |
| Tue, 01 Nov 2022 | €49.0b | €7.3b | €905.4m | 32.1x | 54.1x | 6.7x |
| Thu, 29 Sep 2022 | €50.4b | €7.5b | €872.2m | 34.3x | 57.8x | 6.7x |
| Sat, 27 Aug 2022 | €56.6b | €7.5b | €868.4m | 31.9x | 65.2x | 7.5x |
| Mon, 25 Jul 2022 | €56.5b | €7.3b | €933.3m | 36.2x | 60.5x | 7.8x |
| Wed, 22 Jun 2022 | €49.3b | €7.2b | €932.9m | 35.8x | 52.9x | 6.8x |
| Fri, 20 May 2022 | €54.5b | €7.3b | €947.6m | 36.1x | 57.5x | 7.5x |
| Sun, 17 Apr 2022 | €58.7b | €7.0b | €850.0m | 38.2x | 69x | 8.3x |
| Tue, 15 Mar 2022 | €60.5b | €7.0b | €874.3m | 39.5x | 69.2x | 8.6x |
| Thu, 10 Feb 2022 | €61.3b | €7.0b | €876.0m | 40.7x | 69.9x | 8.8x |
| Sat, 08 Jan 2022 | €69.4b | €6.8b | €844.7m | 43.8x | 82.1x | 10.2x |
| Mon, 06 Dec 2021 | €74.4b | €6.8b | €843.7m | 41.8x | 88.1x | 10.9x |
| Wed, 03 Nov 2021 | €74.6b | €6.8b | €834.5m | 41.7x | 89.4x | 10.9x |
| Fri, 01 Oct 2021 | €67.7b | €8.7b | €692.1m | 41.8x | 97.8x | 7.8x |
| Sun, 29 Aug 2021 | €70.4b | €6.6b | €722.7m | 47.5x | 97.5x | 10.7x |
| Mon, 05 Jul 2021 | €59.2b | €6.6b | €730.3m | 47.1x | 81.1x | 9x |
| Thu, 08 Apr 2021 | €52.7b | €6.5b | €624.2m | 45.7x | 84.4x | 8.2x |
| Sun, 10 Jan 2021 | €47.9b | €6.4b | €553.7m | 43.7x | 86.5x | 7.5x |
Price to Earnings Ratio
84.6x
Current Industry PE
- Investors are pessimistic on the French Software 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 50.9x which is lower than its 3-year average PE of 71.3x.
- The 3-year average PS ratio of 8.0x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 7.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Tech industry?
| FR Market | 0.10% | |
| Tech | 2.99% | |
| Software | 10.83% | |
| Application Software | 10.87% | |
| Systems Software | -6.97% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 69.5x.
- Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings decline of 14.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 80% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| DSY Dassault Systèmes | €37.86 | 11.1% +€5.0b | 11.5% | PE47.4x | |
| LSS Lectra | €23.75 | 7.2% +€60.5m | -26.7% | PE26x | |
| ALESK Esker | €121.50 | 6.1% +€41.2m | -8.6% | PE47.1x | |
| AXW Axway Software | €22.60 | 4.6% +€21.0m | 43.9% | PS1.5x | |
| ESI ESI Group | €149.00 | 1.7% +€14.3m | 104.7% | PE118.5x |
